fix articles 436371, residential real estate Los Angeles Indymedia : tag : residential real estate

residential real estate

US Real Estate: From Goldmine To Money Pit (tags)

Mortgage Backed Securities and Derivatives are Flawed and Failing. The mortgage debt problem is simple really, it has been a total mis-appropriation of equity. The equity lost on flat screen TV's, boats, new cars, vacations, and other living expenses; is equity lost forever. This loss of equity spent on consumer goods and expenses is a pyramid scheme of hyper-capitalism that is flawed and failing. Equity not spent on the property the equity comes from, is equity lost forever, a mis-appropriation of funds, and inappropriate; it is a failing economic model.

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