ForeclosureFlorida is sinking into the sea and superexpensive megamansions are so passe. Friends, the double dip is now. Right now, there is a double dip in home prices. Remember we our gov tried to prop em up. Well, they are in free fall again. This means we face a double dip depression or recession.
HDRKID predicted this was coming. He said this year silver would go over $30/oz - it has, that gasoline would go over $3/gallon - it has, that gold would rise over 1400 - it has, that oil would go over $90 - it has, and that real estate would continue to fall in price.
What is the reason. As people lose jobs they cannot pay anymore. The bank tried to dump more houses, but the market is flooded with foreclosures which causes a drop in price. This is a very grim sign.
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