My predictions for 2010.
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by: Guest
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The last years have been quite a wild ride.
We have seen unemployment rate skyrocket.
We have seen numbers fall production.
We have seen the US dollar plummet against other currencies.
I believe that the U.S. housing market was the cause of all this.
Nobody really draws a link between the turmoil in the financial system to the housing market.
I knew would happen three.
5 years ago but nobody would stop and listen to me.
The real estate market in this country is now in desperate need of.
I hear leaders of our country say that everything is stabilizing but they are just lying.
House prices will fall further.
The foreclosure rate will increase greatly this year.
Also, I think we will see a further break in the real estate industry, have to do with the market for commercial real estate.
During the housing bubble, not only was there overbuilding dealing with residential properties but also with the commercial end as well.
You can not drive three miles drive from anywhere without seeing a piece of free commercial real estate.
The last year more and more prospect builders have filed bankruptcy due to the commercial side of real estate.
Another factor to which it is, the number of shopping centers and shopping malls that the loss of tenants have quit because of their business activity.
The market is flooded with commercial buildings and there is not enough businesses left to fill the space.
We can see not only a terrible chaos in the U.S. housing market, but also in other countries.
Dubai over the last 2 months has just realized that they are undergoing a 60 billion dollar real estate mess.
China for the Olympic Games, to be built crazy.
More than 40% of China's new construction is left empty with no hope of gaining tenants.
Out of Dubai and China, I see the Chinese real estate market, so most problems.
If China's economy goes broke they will dump all the US debt that they own causing our dollar to be worth nothing and might even cause military rifts among not only China and the US but also other major military countries as well.
My father always laughed at that terrible war for money and I\m finally realizing what it meant that.
Another issue at hand that I see causing major problems for the world is Iran.
If only an explosion goes off in Iran, will be cut by 20% of the oil because of the world, located on the straight to harmaz.
If they cut off that much supply of oil to the world you will see up to $10 a gallon gasoline and inflation going crazy.
Oil is a commodity but also very sensitive.
As the price of oil rises so does the cost of shipping the oil which causes a domino affect in the prices.
I think we are near the beginning of World War 3, and it all started because the U.S. is because of greedy and stupid with the precious and fragile real estate market here in the U.S..
Soon after the start of the new year, you will start seeing all this take place.
If I sell you, your house, get into a hire safe, and were eventually invest every penny you have more gold.
Gold is the only safe haven recognized around the world and you will see it double in price by the end of 2010, maybe triple.
I hope all this does not happen, but the writing is on the wall.
Have a good new year, and keep track of my blog.
Check out my site and join my free forum.
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