New, Horrifying Trend -- MIDDLE CLASS HOMELESSNESS! NO MORE FAMILY HOMES!
It's a home. Until it rains or gets cold
But that gives you TIME to build a CABIN!
A new trend on planet earth is the homeless thing. It came with the recession like an invisble villain that climbed in a window and tripled the cost of rentals. We need a TV mystery where the detective looks at Wall Street wreckage, clues and locates the VILLAIN. In this case, the RECESSION, the clues are LOOKING like culprits but now every house on the street has the same broken windows. SO here's the latest. The villain is still working the murders and thefts. Midway through the RECESSION, in this NEW, BLEAK ECONOMIC LANDSCAPE a big serpent rose up out of the wreckage It was TRIPLED RENTS for HOUSES AND CONDOS AND APARTMENTS.
THE VILLAIN was Wall Street --and this snake KNEW how to carpe dium, seize the opportunity. THE BIG BANKS on the Street either had long ago figured out how to trap everybody by INVITING them to place their LIFE SAVINGS in a home, get the Dude to pour his money into A MORTGAGE he could not HOPE TO PAY OFF with variable rates a factor. Then they quick sold the worthless paper to EUROPE..then they did an interest RATE re-SETTING (A crooked LIBOR MOVE, later we'd catch 'em at it,) and VOILA. Those people sunk under higher monthly payments, the homes were vacated. Now the back end of their plan was to BUY ALL THE EMPTY HOUSES UP and RENT THEM BACK TO 'le noveau homeless' at HIGH PRICES. THIS is what happened. How could the full SCAM not have been their ORIGINAL PLAN? They are CHESS MASTERS! And REO is their newest TOXIC TREND STRATEGY to strip us of everything!
REO = REAL estate owned or REO is a class of property owned by a lender— typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.[1] A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property.
http://en.wikipedia.org/wiki/Real_estate_owned
FHFA = FEDERAL HOUSING FINANCING AGENCY
http://www.investopedia.com/terms/f/fhfa.aspDEFINE FURTHER. OK. REO to Rental means? I see it as.. Imagine a public meat market designed by state for the poor, where food stamps help them buy meat but this populace is so poor they can't buy there. So GOV makes it possible for WALL STREET to buy all the meat and send it to rich countries. Cmon admit it. Those are the facts. We all know the derivatives scam of EUROPE CAUSED the world wide crunch, right? Tidal wave of 'come buy, real low interest, no credit history, etc. The 'land giveaway,' right?GET the derivatives from it then SELL THESE WORTHLESS THINGS to EUROPEAN BANKS.
THEN INTEREST WENT UP, houses lost value, but way more interest was required. BLOOD from every new home owner's ARM! Some ---as much as half the new buyers plummeted out of their houses into homelessness. And the BANKS, (read Wall Street) got to keep every cent they'd put into those houses, including Down Payments, their life savings and puhlenty of high mortgage payments.
ALL THOSE poor people were evicted, their ex-homes are now being SOLD by Wall streeters anld bought by WALL STREETERS and rented back to homeless fools but now at astronomical prices. This has caused the outlines of a 'Families confined-to-rentals only' nation to begin to appear. That could be a sci-fi ugly, horrifying trend.A REAL ESTATE SOYLENT GREEN!
KEEP abreast of this trend so your grandkids aren't living in a refrigerator box in 2050. Homes must be affordable to own. They will never be affordable to rent. KEYWORDS TO WATCH FOR:
reo to rental.
wall street landlord.
corporate landlord.
profiting from foreclosure.
american dream.And keep googling those terms to find articles like these below, as the new ones come.
http://www.law360.com/articles/389182/reo-to-rental-bonds-make-slow-arrival-on-wall-street
http://www.doctorhousingbubble.com/reo-to-rental-shadow-inventory-wall-street-landlord/
http://www.newrepublic.com/article/112395/wall-street-hedge-funds-buy-rental-properties
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Our 'POSTER-BLOGGER' is ANITA SANDS HERNANDEZ, Los Angeles Writer, Researcher, mother of 4 and career Astrologer. Catch up with her websites TRUTHS GOV WILL HIDE & NEVER TELL YOU, also The FUTURE, WHAT'S COMIN' AT YA! FRUGAL LIFE STYLE TIPS, HOW TO SURVIVE the COMING GREAT DEPRESSION, and Secrets of Nature, HOLISTIC, AFFORDABLE HEALING. Also ARTISANRY FOR EXPORT, EARN EUROS....CHEAP LIFESTYLE TRIX* Anita is at astrology@earthlink.net ). Get a 35$ natal horoscope "my money/future life" reading now + copy horoscope as a Gif file graphic! No smarter, more accurate career reading out there!
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