Maybe real estate wasn’t designed to be an investment

CR Daily News Prediction© REAL ESTATE (Predicted April 25, 2010)

REAL ESTATE -   Fifteen percent (15%) of all mortgages are now delinquent or in foreclosure; the highest rate ever in history.  Twenty one (21%) percent of homeowners now owe more on their home than it is worth.

Predictions from Higher Intelligence - “Only four years after the housing market peaked, people have lost hope in the only investment they thought was safe.  The one they would sell at retirement to help fund their golden years.  Now, many are wondering how they will be able to keep a roof over their heads when and if they can ever retire.  We predict more than 25% of current mortgage holders will just walk away from their real estate investment.”

Commentary through the Mediums: “Continued unemployment will force many more homeowners, who are now still making payments, to walk away.  It is ironic that the greed that was rampant in the real estate market has now turned on everyone involved in real estate and millions of unsold homes the banks own will sit stagnant on the market for years to come.”

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Tags: 25% of current mortgage holders will just walk away, help fund their golden years, homeowners now owe more than it is worth, investment they thought was safe, keep a roof over their heads, mortgages are now delinquent, unsold homes the banks own