Dude, so you skimmed and said it doesnt exist. Here’s the bottomline, it does exist! I never said this was the end all, be all. Its one thing going on out there that i have personally seen happen several times in my small corner of the world. I’m one guy in a corner of a mid size metro area of the US. If I’ve seen a bunch there have got to be a lot more. There are also other things going on out there I havent seen. Things you or I cant imagine.
The point is you can look at all the stats out therE and say “SEE CALAMITY IS COMING!!! EVERYONE ONE OF THESE IS GOING TO BE A FORECLOSURE!!! THE END IS COMING!!!” The reality is not so simple. There are many things going on there to mitigate the distress out there. They wont solve it all nor did I say they ever will. However they will solve alot of it as they have already. There is no reason to beleive they will stop or be any less successful at doing so in the future. You can pull all the stats and graphs out that you want. Mr Mortgage who was far more educated and adept at it made a national name for himself doing it. He too underestimated the power of those in power to manipulate things. He’s just a footnote in history now something you wont even be.