I’ve worked in the mortgage industry as well; see # 18. There is such an oversupply of housing that today they have to traffic children from Central America to fill it. The demographic trend would indicate that only massive infusions of foreigners will even keep the current housing stock occupied.
The mental scars from this economy will last for decades; few people will sink ten years of payments into a property just to lose it when their job leaves.
I agree. As long as Obama is in office things will only get worse. So for 2.5 more years chaos will reign. The Federal Reserve is killing the dollar, there is no gold in Ft Knox the economic collapse is coming whether we elect a GOP Senate and President or not.
IMO a resolution conflict is inevitiable and the only way to salvage the constitutional republic. So hang on its going to get bumpy.
Carlyle (probably the best connected with DC private equity group) is buying trailer parks.
That tells me something about the future.
Reasonably good logic if we where importing educated Europeans or Asians. The importation of third World illiterates into a country that can’t graduate more than 50% of its’ own underclasses from High School much less college is probably a bad idea.