Comments on: Foreclosed: Predicting Foreclosures in California. How Many Homes will Be Foreclosed in 2008?

By: Chris

Chris — Mon, 25 Aug 2008 21:29:47 +0000

Hey Dr. HB,
So, if Obama and Biden win it, and do work to change the Ch 13 bankruptcy laws, how will this affect the mortgage mess?
see these related articles:
http://www.bankruptcylawnetwork.com/2008/08/24/obama-biden-bankruptcy-what-is-really-going-on-here/
http://www.bankruptcylawnetwork.com/2008/08/20/bankruptcy-changes-foreclosue-crisis/

By: Gerry

Gerry — Mon, 30 Jun 2008 08:29:57 +0000

Something no one ever looks at; every dollar made in the market someone has to lose a dollar. As long as there were Americans with money the market had new money and it looked as if money was being made but some day there is going to be a day of reckoning, like when all the baby boomers start take from their 401k’s, unless there are new fish to be fried these baby boomers are going to be in the soup lines.
Stocks have nothing to do with the companies profits or loses it has only to do with how many people selling and buying. When the baby boomers start selling shit will hit the fan because no one else has any money any more. Except the HNWI but there shit will be gone as the real big boys play their molly game on them.

By: jose lopez

jose lopez — Tue, 29 Apr 2008 03:57:09 +0000

realtor greg you must be on crack! No your job depnds on people buying..so go figure..the market will not hit a bottom for years and by then the fiat money you dumb americans and illegals (cant leave them out our 3rd world work force) allow your gov to print unchecked will crash…then you wont have to worry about making your house payment because the dollar will be worthless..you will enjoy the barter system..but they wont take plastic (that means you are screwed)..so offer up your wife for a blow job for a can of food…Now go back to watching your tv shows and play your video games stupid americans with your head in the sand..get up and go to work for your soon to be worthless currency..suckas!

By: greg

greg — Sat, 26 Apr 2008 07:11:05 +0000

I’m a realtor and I feel that we are getting close to the bottom. You are starting to see lenders dumping properties now and multiple buyers for them. I think we are going to see prices level off and start to climb again next year. greg moser

By: missedthebubble

missedthebubble — Fri, 25 Apr 2008 22:51:13 +0000

Dr. HB,

Very interesting and spot on.

I think the one thing that people can’t grasp, or dont’ want to grasp is the magnitude of what is going on. The numbers are so large that they almost start losing meaning, because we have no reference point to compare this too.

The scale of what is going on is off the chart, there is no infrastructure to deal with this size of economic disaster. Katrina and the Tsunami sort of come to mind, compare it to a economic nuclear bomb going off in Florida and California. One can argue that this economic disaster is going to have the same end result as if a Nuclear weapon went off in LA county, etc. I would also argue that this may be even more difficult to deal with because this is happening over 18 plus month period vs. a nanosecond. Sure, what I am saying can be dismissed as so much hyperbole… but when you begin to think of what is happening now, and try to plot possible event futures you begin to see that the future is very scary. We are in a “System of a Down”, or a negative spiral…. the energy needed to pull us out of this is so massive that it is beyond comprehension, and most likely beyond possibility. One almost can come to the logical conclusion, “well I better get mine, before the whole @@@@house goes up in flames”… thank you Jim Morrison…