[quote=sdrealtor]Ok just back from NYC. FWIW Mark Hanson is the infamous Mr Mortgage who has been flat out wrong in his predictions. He’s selling something. Understand that and buy what he is selling at your own risk just as you would with anything else your buying.[/quote]
Exactly where was he wrong? There is ample evidence that there are millions of foreclosures (the “foreclosure tsunami”) that are not being processed in the traditional manner. It would appear that everyone now knows that there are millions of squatters across the country who haven’t made a full mortgage payment in years, and are still living in “their” homes.
You’ve said that he and Powayseller were wrong, but were they really? If not for the govt/Fed intervention, I believe their predictions would have been exceedingly accurate.
