|Home | About Natural News | Contact Us | Write for Natural News | Media Information | Advertise with Natural News|
Health Ranger's Housing Bubble Predictions from 2005 Have Come True
It was late 2005 when I said in my article, "So, it's December 2005. I'm going on the record as saying this bubble is going to pop, folks, and you can call me a pessimist or a doomsayer if you want... Do not leave yourself over-leveraged in speculative real estate... Don't follow the sheep. Do you know where the sheep are heading? They are headed to the slaughter."
As you read all this, remember that these predictions were made during a "party on" economic environment that no one believed would end. Everybody thought they were getting rich off their skyrocketing housing prices. People were living the high life, powered by easy money and all the bounty of a temporarily expanding money supply. The very act of making the predictions reprinted here was considered unpatriotic and, according to some readers, downright criminal! (I helped "cause" the housing crash by printing these predictions, according to one complainer.)
Nevertheless, I kept the predictions posted because I believed they would help inform people. They could serve as a warning sign that might protect a few readers from financial devastation. Some listened. Most did not. People generally do not want to hear sobering news when they're in the middle of getting stoned drunk on easy cash.
Here are the predictions I made in December, 2005, as contained in my article entitled Housing Bubble Crash Part Two, available at: http://www.naturalnews.com/016241.html
Housing Bubble Predictions from 2005So, it's December 2005. I'm going on the record as saying this bubble is going to pop, folks, and you can call me a pessimist or a doomsayer if you want. The fact is, if you understand math, you know I'm right. If you want to protect your own finances, you'd better take a good, hard look at this and make some decisions about what you're going to do. Do not leave yourself over-leveraged in speculative real estate. You thought you were going to retire on the beach, and it ends up you're flipping burgers as a second job to pay off what you owe the bank, and they garnish your wages on top of that. That's what happens to people who don't get out in time.
Friends, I believe it is time to take your money and exit the speculative real estate market. The average person doesn't understand anything about finances and never will. The average person can't even calculate a 15 percent tip at a restaurant, and he or she is buying real estate because he or she wants to double his or her money. Are you kidding me? Take your money and run; that's my advice. Run from the inflated real estate marketplace before you become another victim. These super hot, speculative housing bubbles and stock market bubbles cannot continue. They always correct. Gravity kicks in, and, eventually, things unwind. A lot of people get hurt. They lose their money.
We're seeing some really radical stuff in the home lending market. Essentially, we're seeing home loans go out to people who should not qualify for home loans, and they're being structured in a way that almost guarantees financial disaster.
I don't care if anybody thinks I'm right or wrong. I'm writing this as a service to my readers, whom I respect and genuinely care about. This is a warning to all of you to look closely at what's happening in the housing market. I don't want you to lose your life savings. I saw too many people lose their retirement, their homes and their life savings during the dot-com collapse. I saw it happen to family members, close friends and business associates. I don't want to see it happen to you.
Don't compromise the roof over your head. Don't compromise your family's residence just to try and make a quick buck in the overpriced housing market. Protect your residence and your family. If you have extra cash, put it into your own house right now. Own your house. This has been a rule I've lived by for many years. You should owe nothing to any bank on a house you live in.
I know a lot of bankers and financial people will strongly disagree with this line of reasoning. They'll say, "No, no, no. Mortgage everything. You should highly leverage your first home and mortgage your way into a second or third home, and you'll be rich when things go up." What they're not telling you about is the potential downside. What happens when those prices you just paid for those second or third houses are cut in half because the housing market pops? Then you lose your third home, abandon your second home, have to sell your first home, and you still owe money.
Be smart. Pay attention to what's going on. Don't follow the sheep. Do you know where the sheep are heading? They are headed to the slaughter, just like they did in the dot-com boom. People were led right into a financial slaughter, and they got taken, too. Their life savings were taken away virtually overnight. Don't let it happen to you.
...it's better to be out sooner rather than later. It's better to miss out on some gain (opportunity cost) than lose your life savings in a real estate crash. And if you think the housing market will always go up -- forever -- then you have no business investing in the first place. The laws of economics have not been rewritten.
Never tell people the truth if they're not ready to hear itI still recall the flood of criticism we received after publishing those predictions in 2005, and it taught me an important lesson in dealing with people: Never tell people the truth unless they're ready to hear it. Most people can't handle the truth. They don't want to know the truth, and they'll criticize you for daring to utter it.
That's why even today, I hold back on my REAL predictions. Even the 31 predictions I made for 2009 (http://www.naturalnews.com/024976.html) represent a conservative, watered-down version of what I believe will really happen. I don't dare tell people my real predictions. It's too much for most people to handle.
The reality is that the public cannot handle the truth, and so I dare not utter it publicly anymore. I only share it with smaller groups of people in my live audio events now, and even then some people get freaked out because their nervous systems just can't handle the ideas they're hearing.
Some people can handle reality, and others can't. Most can't, in fact. So they live in a world of illusion. It just makes them all the more desperate victims when reality finally strikes. I cannot help those people. My goal is to help those that I can, and try to minimize the threat of danger from those who refuse to prepare for what's really coming. Whether we're talking about health or money, I continue to do my best to aid people with honest, empowering information that can protect them from disease, death or bankruptcy.
I may be hosting a new LIVE audio seminar in early 2009, by the way, that sheds more light on what's really happening in our world. Watch for that announcement on NaturalNews.
Related Feature Articles:
Still taking Krill? Better marine omega-3 now availableLearn why so many NaturalNews readers are switching from fish oil to THIS. What is THIS? See the details...
Click the link for full details.
|This site is part of the Natural News Network © 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.|