Real Estate

Anchorage protesters bring their guns and slogans
http://www.adn.com/news/alaska/story/933166.html

Washington protest over health proposals
http://www.rte.ie/news/2009/0913/obamab.html

3 more down: Bank failure tally hits 92
http://money.cnn.com/2009/09/11/news/economy/bank_failure/?postversion=2009091207
http://www.fdic.gov/bank/individual/failed/banklist.html

After Corus, who’s next to fail thanks to commercial real estate woes?
http://www.dailyfinance.com/2009/09/12/after-corus-whos-next-to-fail-thanks-to-commercial-real-estate/

Venezuela to Develop Nuclear Energy With Russian Help
http://www.bloomberg.com/apps/news?pid=20601086&sid=aElQ3UEU9eYM

Obama challenges Wall Street to change
http://www.msnbc.msn.com/id/32835326/ns/business-economy_in_turmoil/

Duration : 0:6:47

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Iran replaces Dollar with Euro in FX
http://presstv.com/detail.aspx?id=106669&sectionid=351020102

Venezuela seeking uranium with Iran’s help
http://news.yahoo.com/s/ap/20090925/ap_on_re_la_am_ca/lt_venezuela_iran

US large-loan bank losses triple to $53 billion
http://finance.yahoo.com/news/US-largeloan-bank-losses-apf-3121886908.html?x=0&.v=3

Most parents won’t have kids get H1N1 flu shots, study finds
http://www.latimes.com/news/nationworld/nation/la-sci-parents-flu25-2009sep25,0,579663.story

State agency: Louisiana loses 1,300 jobs in August
http://www.forbes.com/fdc/welcome_mjx.shtml

Beaumont cuts 353 more jobs
http://www.freep.com/article/20090926/BUSINESS06/909260304/1320/Beaumont-cuts-353-more-jobs

Commercial Real-Estate Price Drop Quickens In July -Moody’s
http://online.wsj.com/article/BT-CO-20090921-706615.html

Civil liberties groups: Police overreacted at G-20
http://apnews.myway.com/article/20090925/D9AUJCS01.html

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Duration : 0:7:32

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Capmark Financial near bankruptcy: WSJ
http://www.marketwatch.com/story/capmark-financial-to-file-bankruptcy-wsj-2009-10-24

Obama Declares Swine-Flu Emergency
http://online.wsj.com/article/SB125640028120405945.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

First Daughters Not Vaccinated Against H1N1
http://whitehouse.blogs.foxnews.com/2009/10/08/first-daughters-not-vaccinated-against-h1n1/

Well-known Chicago Bar ‘Mother’s’ Accused of Racism
http://www.myfoxchicago.com/dpp/news/metro/well-known_chicago_bar_mothers_accused_of_racism

Twin Baghdad blasts kill scores
http://news.bbc.co.uk/2/hi/middle_east/8324546.stm

Home sales rise 9.4 percent in September
http://www.msnbc.msn.com/id/33448199/ns/business-real_estate/

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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.

If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.

Prepare yourself and protect your family from this coming economic catastrophe.

PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:

Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:

Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….

Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.

But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.

“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.

So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.

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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke

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March 1 (Bloomberg) — Federal Reserve Bank of Richmond President Jeffrey Lacker talks with Bloomberg’s Peter Cook about the outlook for the U.S. economy.
Lacker, speaking in Washington, also discusses the resignation of Fed Vice Chairman Donald Kohn, monetary policy and the labor market. (This report is an excerpt. Source: Bloomberg)

Duration : 0:6:50

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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.

Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.

Negative Fundamental

Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.

That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.

Duration : 0:5:57

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