The US Economy in 2009
 

Anonymous poll, where do you see the economy going in 2009

May this phony capitalist system burn to the ground so that we may build a socialist utopia upon its ashes

Votings cool.. but post too so it doesn't just fall to the bottom lol

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i'll take door #1 plz

lol at the people who chose option one - buy AKs, it's gonna be riots, yo

Free beer!

wishing them to recover their stable country!!!!!!!!!!!!!!!!!

Right now there is a second phase of home owners hitting their 5 years of nice payments and jumping into 2 to 3 times the payment.

Missed 30 days notices are higher right now than they have been ever. Which means another round of people losing their homes.

Add to this the fact that unemployment is only getting worse each day...

15,000 jobs one day
25,000 the next
8,000 sweet, a small day
38,000 the next...

You can pretty much figure that for every 50 jobs lost right now only 30 will be filled with something that pays enough to survive. Then out of the 20 that don't go back to work for an extended period of time, 10 have mortgages they lose.

So 35,000 = 140 houses the bank is fucked on...

Or $25,400,000...

So when 35,000 people are laid off and they all live within 8 pockets or clusters you have 8 mini-recessions... Local banks holding the mortgages collapse. Then they add to the pressure of bigger banks and holding companies that financed them.

Walla... it all happens again!

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The shit that happened was because of the blue.... the shit that is about to happen is because of the brown.

Right now 45% of houses for sale are foreclosed homes. As more and more come on to the market in 2009 you will see that number go up.

Suddenly the $495,000 house cannot compete with its twin 4 houses down offered for $314,000... Market moves down again to catch up.

Listen to Lindsey Williams & Ron Paul there tell you whats going to happen in the next few years in terms of the US economy. pretty obvious dont you think?

There is a silver lining in all of this...

There are a ton of rentals and that means if you are paying $2500 for 5 bedrooms in CA for 2008 you will be able to find a comparable house in 2009 for $1800 - $2200.

I think that you needed more options.

And I think that banks need to get their heads out of their asses and start redoing these mortgages so they dont have to foreclose. It just ends up putting them out of business anyway.

Bump for a tie breaker

you mean its twin @ 130k

i voted for 1, because it doesn't seem like we're gonna get a breather anytime soon

The Economy in Houston is doing just fine now and will continue right thru 2009 hopefully... :pimp

Interesting results...

I'm pretty sure the economy is doomed.
IE: Scary doomed.

I don't care anymore