I know many don't really care about banking situation in our country. A couple sobering thoughts for those paying any attention.
1.http://www.digitaljournal.com/article/283688 FDIC lost money for first time since 1991...
1,200,000 foreclosures?
30,000 investors here at BP?
that averages about 40 houses each.
I am sure there are loads of investors not here.
so if 10% of investors are here, that's 4 houses each.
With inflation hard upon us, more expected, and with money harder and more expensive to get, do you see a downturn in new residential home building? Seems inevitable, doesn't it?
Good evening,
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Thanks
- Chi
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