“HUGE amount of loan modifications…houses that are in the loan modification process are being DUMPED on to the market, and when these houses get dumped into the market THIS fall THIS winter, your going to see ARMAGEDDON in real estate prices, which are going to trigger massive defaults on a BIBLICAL scale…all that property is going to hit the market and you are going to see an AVALANCHE of properties hitting the market, which will then in turn crush the price of real estate about 50% from where we are today.”
July 26th, 2010 at 6:59 pm
From the video:
“HUGE amount of loan modifications…houses that are in the loan modification process are being DUMPED on to the market, and when these houses get dumped into the market THIS fall THIS winter, your going to see ARMAGEDDON in real estate prices, which are going to trigger massive defaults on a BIBLICAL scale…all that property is going to hit the market and you are going to see an AVALANCHE of properties hitting the market, which will then in turn crush the price of real estate about 50% from where we are today.”
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!