We have sold over 100 homes in the past year and we have almost ZERO business looking forward. Nevertheless, we too are affected and the “freeze” / “standoff” is REAL. Our market is not depressed and in 2008 we only had a 20% decrease. We have so many buyers and so little inventory that all of our clients are cash but there is still zero inventory. It was the end of May and we pinned the very week it hit in our market (Louisville, KY). My husband and I are both realtors and we could “feel” the top of the market shift. Any realtor worth their weight would have told you not to trust Zillow. Like leeches, tapeworms, and fleas, the banksters are parasitic organisms and have turned the banks into enormous funnels via their gigantic parasite on the world economy: their “Federal” Reserve.Īnyone experiencing a loss at this time is their own fault because they did not have a good agent. Americans have gotten scammed, then they got scammed again then they are getting scammed and you can be sure that the banksters will keep scamming them again and again and again, as long as they are allowed to scam. As in 2008, the banksters just got burned because they had too much of the CCP garbage that they were trying to shove into pensions and other investors to again defraud them. Similarly, they have been selling garbage CCP-linked, Ponzi scheme-like, Chinese companies to gullible investors often via corrupt pension administrators. Before they sold the garbage subprime loans to others, they had made huge profits on them. These economic games are actually scams run on the American people, e.g., the low interest rates that enabled them to defraud pensions (often through obviously corrupt rating agencies and corrupt pension administrators) and other investors with subprime loans, for which the poor borrowers could never have even attempted if interest rates had been normal. I wonder how much each of the banks would be worth now if you added back in all of the stock buy backs, dividends, and ginormous salaries paid to its banksters and their cronies. I contend that most of the “Federal” Reserve bankster cartel’s actions for decades have primarily been to generate gigantic profits for the banksters and not to benefit Americans, starting with the ultra-low interest rates from the early 2000s.Ī courageous channel on youtube called “coldfusion” presented the history of this dating back from the repeal of the Glass Steagal Act, because that caused the banks to become among the most valuable of assets and led to the financial disasters that have afflicted the US since then. Of course, real estate prices will keep going down, but through years of inflation and, if they can keep inflation high, the banksters will avoid the blame for their reckless pursuit of profit. Inflation is being and will be used for years, because they inflated so many bubbles and only inflation can slowly drive prices up and make those bubbles less dramatic.
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