If we need at least $1.5 trillion to recapitalize our banks (with or without nationalization), how much money will other countries need to address their similarly insolvent banks? Maybe we better not count on being able to borrower limitless sums from overseas...
Better buy plenty of ink for the priting presses. Expected price of a loaf of bread in 2015: $20.
Real Estate Marketing
· 4 months ago
The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they're not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses.
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Better buy plenty of ink for the priting presses. Expected price of a loaf of bread in 2015: $20.