The Coming Real Estate Bust

Are you ready for the coming real estate bust? And if I am wrong and there isn’t a bust, there is certainly going to be a significant loss of air from this bubble.

The worst thing in my humble opinion is that dirty little surprise lurking just around the corner that is going to make this bust nastier. The banks have played a big role in this nasty little surprise and have made a lot of money at it. On September 30th The Seattle Post reported that Federal regulators are finally coming down on these banks. However, it might be a case of too little to late.

George McCarthy, a housing economist at New York’s Ford Foundation says this is “like the neutron bomb, it's going to kill all the people but leave the houses standing."

What am I referring to?

Business Week called it NIGHTMARE MORTGAGES – in fact that was the title of their article September 11 (how ominous).

If you are in Real Estate, planning on getting in or have friends or loved ones who are invested in Real Estate please send them our link www.The-Money-Seminar.com so they can get this timely information.

And if you think I am just blowing Hot Air at you here are some more articles to read:

Analysts Are Looking Hard At Rate Shock and The Possible Fallout

Mortgage Rates Reset Shock Is The Latest Worry In Mortgage Markets

The Housing Panic

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Now I should say this; I write this article from Calgary, Alberta and yes I do believe that out here in Oil Country we won’t get as badly hurt from this bust as others. However, a high magnitude earthquake in this industry is bound to send shock waves that will be felt even in the most prosperous areas of North America. In the end oil prices will continue to rise because of massive growth in China and India and inevitable strife in the Middle East and possibly elsewhere. And that just means that Real Estate in Oil Rich areas should bounce back fairly quickly.