MindWars
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- Oct 14, 2016
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- #21
It’s going to start with commercial mortgages. Businesses simply won’t be able to pay their rent. Of course the increase in unemployment or semi-permanent furlough will cause home mortgage payments to not be made.Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
And unfortunately this time the crisis will be far worse...www.infowars.com
Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic.
HERE COMES THE NEXT CRISIS: UP TO 30% OF ALL MORTGAGES WILL DEFAULT IN “BIGGEST WAVE OF DELINQUENCIES IN HISTORY”
And unfortunately this time the crisis will be far worse…
You laughed
you banned
you never got the whole picture what comes after this virus
some still can't see it yet oh but your going to Karma is coming bitches...
LOL. we always get the last laugh.
all those MASK YOU HAVE TO WEAR THEY WERE DRAGGED ALL OVER THE FLOOR but you all still WONT LISTEN CHINA TRIED TO KILL US !!!
GET READY ALL MEDIA WILL BE SHUT DOWN ACCEPT LEFTIST.
AGENDA 2030
The question is will the banks try to repo all these properties in a vein attempt to recoup their losses. I think they would be better off allowing the businesses and people to just delay those payments. But who knows what they will do. Banks don’t ever lose money. When they actually do, the media will spin that it’s the end of the world and demand government bailouts of banks. Meanwhile the people get fucked over again.
Funny you said that , the hub said earlier today the bannks should bai out the people .