Showing posts with label housing bubble. Show all posts
Showing posts with label housing bubble. Show all posts

How To Cash In On the New Housing Boom,
Even if You're Dead Broke and Can't Get a Loan...




Hi friend.
We've found a company that allows almost anyone to get in on the profits without ever buying a house ... even if your credit is shaky or you don't have a down payment.


In fact, this method is so easy that even students, stay-at-home moms and retired folks are cashing in. Just about anyone looking to make a little extra side income can use this system. No credit check required.

You may have heard about this new housing boom going on. A lot of people think it's just about home prices finally going up again after 6 straight years of decline.

What you may not realize is that a lot of people are making money hand over fist buying up single family homes as rental properties.

In fact, billionaires like John Paulsen, Donald Trump and Warren Buffett have gone on record to recommend anyone who can afford it to buy rental properties right now.

Warren Buffett even said he'd buy "a couple hundred thousand" single family homes if it were practical to do so.

But here's the BIG PROBLEM:

It's not practical for most people. Not even to buy one home. Because let's face it, buying a home is a hassle. There's credit checks, inspections, asset verifications...

And that's IF you qualify.

Any little credit ding or employment hiccup in the last few years and you're screwed.

Worse yet, even if you have spotless credit and 20% for a down payment, that may not even be enough to compete anymore.

Why?

Because a lot of these homes are being bought with cash. And home sellers would rather take the cash than wait around for mortgage contingencies.

Unfortunately, that takes a lot of small, individual investors like you and me out of the game.

Which is why we're so excited about this new system we found.

Essentially, you become a "bird dog" for these cash buyers.

Which means you simply find houses for them to buy ... and collect "finders fees" to share in the profits.

The great things is, you don't need any previous experience flipping houses or buying real estate.

You simply find houses in your area that are selling just below retail price and refer them to these cash buyers … and collect a nice fat commission check.

All the details are right here: Click here to find out more...

If collecting a $1,000 … $5,000 … even $20,000 finder's fee per home sounds like a fun way to make some extra money … then you'll want to jump on this as soon as possible.

It is, by far, the easiest way make to money in real estate we've ever seen.

Listen, there is a little "leg-work" involved. You can't just be a couch-potato.

But they've also automated most of the process so you don't even have to talk to anyone if you don't want. And they provide all the training you need to get started.

One warning: This is one of those situations where "first movers" will definitely get the biggest piece of the pie.

If someone else in your area gets in first, it could eat away at your profits.

But for anyone who acts fast, this could be one tasty treat ...

So jump aboard now, while you can still cherry pick all the best deals (and pocket all the profits).

Click here to get in on the ground floor

Your Partner In Prosperity,

The EVG Research Team

P.S. Big-time sites like The Wall Street Journal, CNBC, Fortune and Forbes.com have written about how cash buyers are snatching up homes … but this is the ONLY site that shows how to profit from this new housing trend



Ron Paul: No More Bailouts! Banks Should Be Allowed to Fail…





by Ron Paul

Supply and Demand - Free Enterprise

French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate. Or in Say’s words, “products are paid for with products.”

English classical economist David Ricardo, among others, more fully developed this principle into what has become known as “Say’s Law.” Say’s Law, according to Ricardo, leads us to understand that market equilibrium for goods is constant. This simply means that markets, when left alone by government planners or other fraudulent actors, inexorably tend toward an “equilibrium price” which eventually balances supply and demand for any particular good. Thus markets will clear themselves of any surpluses or shortages in the form of excess supply and demand.

This important corollary of Say’s Law– that markets clear– is critical to understanding the moribund US housing market. In housing, perhaps more than any other good, we see the terrible consequences of government and central bank interference with market forces.

Increase The Money Supply

First, the Federal Reserve Bank relentlessly increased the money supply over the last few decades. Much of this newly created money and credit flowed from Fed member banks into the residential and commercial real estate markets, causing prices to rise dramatically prior to the housing bust of 2007.

At the same time, the Fed systematically suppressed interest rates for decades. This led to tremendous malinvestment both by homebuilders and individuals, and encouraged a seedy subprime mortgage industry to make nonviable loans that would not make economic sense under market interest rates.


Give Credit to Whom Credit is Due!

Congressional meddling in the mortgage market also added tremendously to the problem. Inane legislation like The Community Reinvestment Act literally forced banks to make thousands of loans to bad credit risks. Similarly, Fannie Mae and Freddie Mac put taxpayers on the hook for millions of mortgages that never would meet market underwriting criteria. And of course the real estate and homebuilder lobbies made sure mortgage interest debt (unlike most personal debt) remains tax-deductible.

The ultimate result of these interventions by our caring friends in Congress and the Fed has been the biggest housing bubble and crash in US history, leaving millions of Americans underwater on their mortgages if they have not already lost their houses altogether. Congress and the Fed are directly responsible for millions of shattered lives, and almost unknowable economic damage in the form of trillions of dollars in mortgage backed securities.


Banks will Close Their Doors

The only solution to this mess is to allow the US housing market to clear. All of the bad mortgage debt must be liquidated, whether via foreclosure or bankruptcy. Banks holding substantial mortgages or mortgage backed assets must face the music and adjust their balance sheets to reflect today’s reality. Undoubtedly this will force many banks into immediate insolvency, but such banks must be allowed to fail without receiving another nickel of taxpayer money. Banks took the risks and made money during the bubble years; those who exercised bad judgment must now accept the consequences of their actions.

Never in American history have we needed to adopt a policy of laissez faire more desperately; never has government seemed more determined to artificially prop up an industry. But only by allowing the housing market to clear can we hope to rebuild our shattered economy from a stable foundation. Clearly there will be pain in the short term, but we owe it to younger Americans and future generations to allow the reemergence of a rational housing market.

Original source of articel from: http://www.ronpaul.com/2012-10-29/ron-paul-no-more-bailouts-banks-should-be-allowed-to-fail/

Find out what the ultra rich are doing to hedge themselves against economic collapse.
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