September 5, 2007
by Barry Natchitoches
Barry's Hypothesis on Real Estate Crash & Foreign Take Over of Our Homes
I have been thinking about this for awhile. Maybe you think I'm off my rocker. But it seems like everything else in this country is being sold to foreigners, so why not our very homes?
It was totally irresponsible for the central Banksters (especially Greensplam) to encourage sheeple to buy the biggest home they were willing to take on at the bottom of the interest rate market with an ever escalating ARM and heavy prepayment penalties.
But that is exactly what happened.
While I do not think that individuals who overbought should be allowed to claim "victimhood" on this one (after all, they allowed this to happen), nonetheless there really has been over the last few years a deliberate attempt by Banksters to sell loans to people who could not possibly pay them. They had to KNOW they'd get alot of these homes back.
So WHY would they approve hopeless loans by the hundreds of thousands, knowing that they'd get the homes back in a few years?
The one answer to this question that keeps popping in my head is that maybe they did it so that -- as the magic year of 2010 approaches -- these McMansions would be on the market (probably selling at pennies on the dollar by the time millions more default on their home loans) for foreigners to come snap up.
Picture this: foreigners (both legal and illegal) safely bedded in the homes that we built, while we languish in homeless shelters or one of those camps that Halliburton has been contracted to build.
Am I off my rocker, folks, or do you think this is what They are up to?
http://www.financialnews-us.com/?page=ushome&contentid=2448565379