How Much Did Foreclosure Clean out Companies Earn In 2008
The beginning of this segment shows a speech by President Donald Trump. President Trumps is talking about how strong our economy is. Our economy has been flat-lined since 2016.
The housing crash and ensuing recession cost the average person a total of $70,000 in lifetime income, the Federal Reserve Bank of San Francisco estimates in a new study. The crash also stunted the size of the economy as measured by the nation’s inflation-adjusted gross domestic product — the total value of goods and services produced in a given year — and it’s doubtful the country will ever regain the ground lost, the researchers conclude.
“The size of the U.S. economy, as measured by GDP adjusted for inflation, is well below the level implied by the growth rates that prevailed before the financial crisis and Great Recession a decade ago,” the researchers wrote, adding that policymakers are “rightfully worried” that economic activity might not revert to its trend before the crisis.
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I can tell you with certainty that the real estate market will crash again. Are you ready for the next real estate crash? You can make a lot of money if you prepare yourself for the next real estate crash.
Here is a great video on how to start a REO foreclosure clean up business.
Here is a list of REO Foreclosure Clean Up national preservation companies.