Today we are looking into something that I have been tracking for a while. The big scary word to connect it all is Derivatives. What is really nuts is that these derivatives sound amazingly like the same instruments that caused us so much trouble in the real estate bubble. The financial crater could be HUGE as derivatives make up hundreds of TRILLIONS of dollars and what is worse is that all the big banks are heavily invested in them. So we will take some time to try to understand what they are, who are using them and what kind of risk they represent to our economy and of course, our real estate market.
I realize that this topic is kind of out there, but I like to try and point out what I think are potentially the biggest threats to your prosperity and this definitely qualifies.
We will also talk about some fresh off the presses numbers for Houston that will be an interesting addition to what we talked about yesterday.
Plus, another drop in the modification rate at fannie and freddie that some of you may be able to take advantage of!
The show is now available on iHeartRadio (http://www.iheart.com/show/263-Real-Estate-Realities-With/)! If you you are a fan of iHeart - make sure to check it out! Just do a search on "real estate realities" and the show should come right up!
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Also, check out links to the articles discussed in todays show, check out the show notes at http://www.therebelbroker.com
#derivatives #banks #reserves #fannie#freddie #inflation
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