ANOTHER ALSTRY PREDICTION COMING TRUE
HOMES BECOMING WORTHLESS
This was something Alstry forecasted years ago. Many laughed. Unfortunately, it appears the bankers are agreeing with Alstry in more situations.
In our current Industrial Economic Model, the value of a home is based on the jobs in the area. If enough jobs are evaporating due to delveraging and advancing technology, there is no way for the people to afford to ma...intain the stock of homes.
As it's very likely advancing technology and continuing delveraging will eliminate millions more jobs, where do you think housing is heading in America?
Banks turn to demolition of foreclosed properties to ease housing-market pressures
If you want to know what is really going on, we are heading to a www.udderworld.com