Posted on 06/02/2013 10:15:46 AM PDT by dragnet2
“And now the banksters are attempting to lower the standards again for home loans? “
Cash buyers are driving the real estate market here in Orange County.
We have a lot of foreign buyers picking up mid priced houses for cash and renting them out.
LOL!
Rentals drive prices RE prices...When the investors find half their homes are trashed and or found themselves with tenants who can’t be evicted for a year at a time...Well the naive foreign investors get very PO’d.
It’s all a facade...Propped up...Numbers out of thin air...
We’ve seen all this before...Last time tens of millions got their financial bells rang really hard. Many will never recover...
Pump and dump.
Same thing in the stock market.
Absolutely...
BTW, the stock market is one big manipulated scam...I’ve always stayed far away.
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