As a warning to LoanSafe members and guests, I wanted to inform you in case you already do not know that there is a major mortgage crisis that is starting to brew and fester behind this coronavirus chaos. Every sign and the numbers all indicate that it is not a matter of if, but when this crash will happen yet again...
Some of you know that I created this forum in 2007 for struggling homeowners during the last crisis and it has been 13 years. I was the first person online to start a mortgage help website and a community that grew into one of the busiest and most popular websites in the world. After the crisis, the LoanSafe forum's traffic dwindled to almost nothing and so did our ad revenue as a result but I KNEW a mortgage crisis would ha[pen again so I kept this forum running on what little time and money I had due to the fact I had to find other work to support my family.
With that said, I have been at this mortgage and banking game for a long time and I have the ability to see the writing on the wall and predict the inevitable.
I predict that the investment market for mortgages will be a blood bath within the next 30 days or less we will start to see investors pull out of this sector as lenders will be forced to have a major slow down or to stop lending altogether.
The next domino will be the real estate consumer and homeowner who will no longer be able to acquire financing which ALWAYS results in plummeting real estate values from their current overprices status because in case you were not aware, these are BUBBLE prices that we are in and they are completely unsustainable.
Last but NOT least, millions of Americans will lose their wealth, jobs, and homes in one of the biggest economic crises in the history of humankind changing the very structure of not only your neighborhood but the entire the U.S. and the whole world.
Please do not let the people who make money off mortgages and real estate fool you into the market by record-low rates and artificial buying frenzies because you will simply be screwed within a year when you either lose your job or the home you just bought lost $300,000 in value.
It has happened maaaaannnny times before and will happen again and I predict soon, REAL SOON!!!
Some of you know that I created this forum in 2007 for struggling homeowners during the last crisis and it has been 13 years. I was the first person online to start a mortgage help website and a community that grew into one of the busiest and most popular websites in the world. After the crisis, the LoanSafe forum's traffic dwindled to almost nothing and so did our ad revenue as a result but I KNEW a mortgage crisis would ha[pen again so I kept this forum running on what little time and money I had due to the fact I had to find other work to support my family.
With that said, I have been at this mortgage and banking game for a long time and I have the ability to see the writing on the wall and predict the inevitable.
I predict that the investment market for mortgages will be a blood bath within the next 30 days or less we will start to see investors pull out of this sector as lenders will be forced to have a major slow down or to stop lending altogether.
The next domino will be the real estate consumer and homeowner who will no longer be able to acquire financing which ALWAYS results in plummeting real estate values from their current overprices status because in case you were not aware, these are BUBBLE prices that we are in and they are completely unsustainable.
Last but NOT least, millions of Americans will lose their wealth, jobs, and homes in one of the biggest economic crises in the history of humankind changing the very structure of not only your neighborhood but the entire the U.S. and the whole world.
Please do not let the people who make money off mortgages and real estate fool you into the market by record-low rates and artificial buying frenzies because you will simply be screwed within a year when you either lose your job or the home you just bought lost $300,000 in value.
It has happened maaaaannnny times before and will happen again and I predict soon, REAL SOON!!!