What’ll The Tipping Point Be?

Yes, once again here’s the old bloviator talking about an impending crash in the housing market.

Economists have been predicting a mortgage and financial collapse many times greater than the nightmare of 2008-2009. The indicators are there. The national budget is raging out of control. Interest rates are far too low to sustain the banking industry. Investors are losing their shirts betting on the U.S. economy. China now owns a huge percentage of America’s debt. Mortgage companies at some point will have to massively raise the requirements on all new mortgages. If this happens the value of homes, starting with all those in Homeowners Associations, will crash.

In a recent blog I mentioned that this whole cascade of events will start with a minor story, a pebble being dislodged from an already unsteady dam.

The story linked below is more than a loose pebble. And it should be read and absorbed by absolutely every person with even a minor link to the Homeowners Association industry.

(Las Vegas running out of water)

 

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About

Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

3 thoughts on “What’ll The Tipping Point Be?

  1. Nila Ridings

    Wow! Condos in Vegas will soon be selling really cheap. Of course, the cost of hauling water all the way from Lake Michigan every two weeks could offset the bargain price of the condo pretty quickly!

    Jokes aside, this is a serious problem for Las Vegas. It will be interesting to see how they plan to overcome this one.

    Reply
  2. Deborah Goonan

    It will not be long until we hear similar stories from Florida – the land of aquifers, golf courses, HOAs and high rise condos.

    Reply
  3. Nila Ridings

    Deborah,

    I have no doubts you are correct.

    I am convinced HOAs and COAs will go down in history as the self-destructing segment of American housing.

    They are nothing more than a pipe dream.

    Reply

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