Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
And unfortunately this time the crisis will be far worse…
Tag: mortgages
Forced Out
‘Arleen Beale’s latest eviction began with a snowball fight. It was January of 2008, and Milwaukee was experiencing its snowiest winter on record. Arleen’s son Jori and his cousin were cutting up, packing powder tight and taking aim at the passing cars on Arthur Avenue. One jerked to a stop, and a man jumped out, […]
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The Big Short – ‘Jenga’ Clip (2015)
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Debt Serfdom in America: Spiralling Household Debts, Mortgages, Credit Cards and Student Loans
‘As of October 2015, American consumers owe $8.17 trillion in mortgages, $900 billion in credit cards, and $1.19 trillion in student loans. Home mortgages, credit cards, and student loans occupy the most of the consumer credit market. The consumer credit market is the dream paradise of money merchants, known as moneylenders. Just as pharma companies […]
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UK super rich given low interest mortgages
‘A British economic analyst has blamed the Tory government’s policies for the country’s worsening housing crisis. “The ordinary people are being pressed out of the housing market by this policy which gives to the already wealthy who use that money to increase their wealthy assets, none of which is tripling down to the ordinary people,” […]
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When Europe Gets Greece’s Jingle Mail: Dealing with Default
The costs and consequences of Greece exiting the Eurozone may well dwarf the financial losses triggered by Greece’s default. The term Jingle mail originated in the great popping of the housing bubble 2008-2011. It refers to defaulting homeowners mailing the…