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Hot housing market
Wed Jul 4, 2018 10:45

1026. Hot Housing market (6/24/2018)

I am innocent. To eliminate an innocent man by framing him in criminal case takes a lot of money. The Feds(FBI and DEA) used to get the money from real estate business.


The index curve of the median house price of San Francisco represents the course of the persecution of the Feds. The tactic is to refinance the house for more money if the house price keeps going up. e.g. When they bought a house of 300k in 1990
They paid 10% down payment,that's 30k. Then in 2007 when the house price went up to 680k, they could get 380k cash by refinancing. Now it's 1.61 million, they could get another 930k from it. 30k for 1.31 million, what a profit. Any time when the case is over, they leave the debt for bank to take care. The point is to keep the housing market hot while the case is alive.

In the meantime, the housing babble has exploded in 2007. The Feds(FBI and DEA) saved it from collapse by Q.E. done by Federal Reserve. See reference (#945)
To keep the balloon from popping off, they keep the interest as low as possible. Now the media house price of St. Francisco is 1.61 million. That's where my sisters live. San Jose's is higher, that's where I live.

[quote] San Franciscoís median house price climbs to $1.61 million

Thatís nearly double the average from just five years ago
By Adam Brinklow Apr 5, 2018, [/quote]


945. The 2017 bubble(2/1/2017)

It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lent from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosed houses. Then we saw Federal Reserve's Quantitative easy program. That money took over the foreclosed houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubtble.

A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate balloon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility.

I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housin g bubble.

2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2) (5/7/2016)")

3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence.

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