Consumer Deleveraging = Commercial Real Estate Collapse

catherine at 19:51 2010-10-07 said:

CNBC has been lying about everything for 3 years..........(offlmfao, think they were still pushing Toll brothers this time last year)

they understand that when the Depression is really here (when the bailouts quit and reality sinks in) what jobs do they have in the "depression'............they are extending their livelihoods as long as they can.....lying as fast and often as they can............

but the game has begun and the numbers are going to fall faster than anyone can cover up with lies or bailout cash..............

the kool-aid is going to pump on steroids until November 2nd, and on the 3rd the media will start talking about the lying unemployment numbers...........

you know a little reality to bash the new crop of guys coming in...........we will see just how much the underreporting of the unemployment hell has been destroying us silently........

another 500,000 this week, ho hum, move along, no story here.............sure there won't be 400,000 foreclosures in those unemployed people because offlmfao - they were the clean non subprime borrowers................sure if they did a clean, 30% down mortgage that losing their EMPLOYMENT WON'T HURT AT ALL, offlmfao

unfreakingbelievable.............. Permalink

Georgetown at 21:38 2010-10-07 said:

catherine at 22:25 2010-10-07 said:

The difference is the 30% down person can borrow back 1/3 of that downpayment and have 2 years of funding to cover housing debt service while they look for new employment.