A Complete update on Las Vegas real estate for the year of 2008 and the start of 2009. What it means here and across the country. A mortgage update on rates and a look at 2009 rates with Mark Stephan of Metro Cities. The message is get ready to buy. A fast moving show with JC Melvin of RealEstateLive.TV
Duration : 0:9:50
In 2007 the Real Estate Bubble began to deflate with Subprime mortgages busting the loudest. The stock market collapse in half in 2008.
This 60-Minutes special features experts that say 2010 is going to be worse. Millions more Americans are going to face foreclosure with their homes underwater, even prime mortgages. Home values are going to decrease another 30-50% in the most inflated markets. Get out now and go into safer assets.
Be ready investors and 401k holders, your stocks are about get cut in half AGAIN when this new panic across the entire platform of the housing market in 2010/2011.
Deflation, then more bailouts/stimulus, then serious inflation.
Duration : 0:9:45