PrintCash

It will be much Worse here !!!!

6 posts in this topic

If you think its all rosy atm in real estate look at the situation depressing america and they have room to move money to burn size to compensate we have the opposite to all this.

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7591216/Morgan-Stanley-property-fund-faces-record-loss.html

Excerpt:

In a document to investors, Morgan Stanley has warned that its Msref (Morgan Stanley Real Estate Fund) VI International is in line to record a $5.4bn (£3.5bn) loss.That would represent a decrease of more than two-thirds on the $8bn of equity initially raised by the fund, which launched in June 2007 at the peak of the market boasting to be the "largest ever real estate fund".

My thoughts:

Its no doubt our losses will be comparable due to our bubble being twice the size wats going to happen to us?? might as well wipe the slate clean the country's bankrupt already.

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http://www.usatoday.com/money/economy/housing/2010-04-15-mortgages15_ST_N.htm

Home foreclosures are accelerating — and many more people are losing their homes — more than a year after the government launched a program to aid financially distressed borrowers.

Foreclosure filings in March totaled 367,056, jumping nearly 19% from February and up almost 8% from March 2009, according to RealtyTrac.

It was the highest monthly total since January 2005, when RealtyTrac began issuing its reports.

Nearly 260,000 properties were repossessed by lenders in the first quarter — a record for any quarter, and a 35% increase from a year earlier, RealtyTrac said.

"We're at the highest record levels ever," says Rick Sharga at RealtyTrac. "We're now seeing the banks financially address the logjams of homes in the foreclosure process that were delayed. And they're addressing the first waves of homes that weren't eligible for the modification process or fell out of the program."

Someone forgot to tell them the recession is over.

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...they have room to move money to burn size to compensate we have the opposite to all this...

Ow. Just. f*cking. Ow.

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launched in June 2007 at the peak of the market boasting to be the "largest ever real estate fund".

June 2007...LOL

That is how short term compensation of fund managers benefit to investors ;-)

so corrupt

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"A new fund, Msref VII Global, is in the process of raising equity, but so far it is thought to have raised just $5bn out of a target of $10bn, following a cautious investor reaction."

God some people are two time losers. It really shows how dumb some people are that they can still get 5 billion after this collosal stuff up. Bring it on i say. A fool and his money are soon parted.

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