The Bankers Push Back-HERE WE GO
Posted By: admin | 2009.11.13
I made a video called “The Collapse of Commercial Is Coming and Fast” back in May. In that video I broke down what was coming in commercial real estate loans. I was right. Banks are pushing clients out the door and telling them they do not want to redo their loan. This means the borrower has to find new financing somewhere else. No one is loaning money right now and banks will be upside down! www.bloomberg.com www.bloomberg.com … “Economic Collapse” “Economic Collapse 2009″ DEMCAD …
25 Comments:
1mealperday / October 2, 2009 4:44 am
sounds like the proverbial LAST STRAW.
the other shoe dropping, etc. we are fokked!
can anybody see a way out?
I have been giving beer to the slugs in the garden, think i will join them.
FreedomForYouAndMe / October 2, 2009 4:45 am
I want to break it down more. This is what everyone needs to understand about how banks work and operate. When in the bank, I was the guy who decided what rate you paid and how much the loan officers got (I got to see the inner workings and their books). I will make more videos on this. Thanks for the support!
Dan
1mealperday / October 2, 2009 4:45 am
favorite and 5s. thanks for the update. Can it get any worse? just asken
Frequencitee / October 2, 2009 4:45 am
Getting together other investors to maintain ownership.
Moving to another type of loan or financial institution entirely ahead of the bank calling in the full amount owed or just ditching the investor entirely.
And even giving consideration to selling the properties to cash heavy investors looking for an investment in hard assets, like real estate, ahead of the dollar collapse or severe devaluation in purchasing power.
FreedomForYouAndMe / October 2, 2009 4:46 am
Check out my other video that explains what happens when a commercial property is vacant. That’s what this video follows up on. Where are you from? Keep me posted!
FreedomForYouAndMe / October 2, 2009 4:48 am
Unfortunately it can (although I hope not). It will take a ton of defaults to happen before someone steps in but we are talking A TON of money. Let’s hope it does not get that far.
FreedomForYouAndMe / October 2, 2009 4:52 am
That’s what I’m saying at the end of the video-get out now, get it moved if you can, lock in for as long as you can. The smart investors know that the market has not bottomed out yet and are mostly unwilling to dump dollars in now when they know in a couple of months they can save several %. It is the smaller and medium sized “community” banks that are taking the hit right now (by design). The larger banks are sitting back waiting to buy up the smaller competitors.
StevenM818 / October 2, 2009 5:20 am
Are you familiar with Bloomberg v. Board of Governors of the Federal Reserve? If so what’s your take on it? Mine is it’s a staged deal to cause runs on banks. The Fed is supposedly fighting it, saying “Public disclosure is likely to cause substantial competitive injury to these financial institutions including the loss of public confidence in the institution, runs on banks and possible failure of some institutions”. I find it hard to believe Bloomberg is suing in an effort to inform US taxpayers
FreedomForYouAndMe / October 2, 2009 5:44 am
Yes. Fox business also filed suit and won, although it’s currently being challenged. I do have my doubts about Bloomberg. I do find it interesting though that the “audit hearings” were held the same time as the G20. Notice how you have not heard anything about that? good observation
MaKaElectric / October 2, 2009 8:14 am
Thanks for the update! 5***
fal2grace / October 2, 2009 11:42 am
Thank you for the update!!!
rexoid / October 2, 2009 2:01 pm
Respect, thanks for the time and effort.
HomesteadAcres / October 2, 2009 2:49 pm
5 star and faved man thanks alot great info will pm you latter
rothlis18 / October 2, 2009 2:57 pm
I do remember your clip in May. It is great.
Thanks for confirming it and showing how big it will be.
Truth seeker you are.
thx
centervilletn / October 2, 2009 3:40 pm
so i gess the next banks we see collapsing will be those loaded with commercial properties…
centervilletn / October 2, 2009 3:43 pm
we saw what happened when residential property collapsed last year…and the market settled out around 6500….from a high of 14k…so now we are at 95k+- so we are looking at a market corretion around 4k…sound like a fun ride..hold on folks
jocknomore / October 2, 2009 3:49 pm
Right on. I appraise commercial property in the Chicago area. Most of my appraisals this year have been for distressed properties and bank regulators forcing an annual appraisal of troubled loan properties. So far with the limited sales data available it looks like may are worth about 50% of original loan amount. Buckle up it will get worse.
FreedomForYouAndMe / October 2, 2009 5:21 pm
nearly all banks carry some commercial properties on their books. We will have to wait to see what happens.
FreedomForYouAndMe / October 2, 2009 5:22 pm
I’m from Illinois and my brother lives in Chicago. He tells me it’s a mess up there and not getting better.
robert4you / October 3, 2009 12:34 am
Thanks for a very, very good video. I have been telling my fellow citizens here in Sweden about the comming collapse in the U.S. commercial real estates, but many of them just “waved off” my words and said I was a prophet of doom. I am astonished to see every day how utterly blind people can be, it’s almost fascinating. This commercial thing will be really brutal. We will have such a total collapse in the world economy soon, that peoples heads are going to spinn. Thanks again! 5 stars from me!
feverpitch82 / October 3, 2009 9:59 pm
LOL – everyone calls me ” the prophet of doom” – honestly word for word.
robert4you / October 3, 2009 10:52 pm
Then we are at least not alone, there are now officially two “prophets of doom…”
LOL
feverpitch82 / October 3, 2009 10:56 pm
Spread the gloom my brother lol!
powermousey / October 22, 2009 8:42 pm
I’m jealous. =0)
I should be known as a prophet of gloom and doom. Although, I have been called a NWO scenario designer.
A lot of times I’m optimistic and postitive.
But yeah, positive and optimistic of the coming world system implosion and explosion.
KingDrudge / October 25, 2009 5:20 am
You mean all that community organizing by the community organizer in chief didnt solve anything?