From Newsgroup: alt.politics.usa

https://www.dailymail.co.uk/real-estate/article-15464081/banks-seize-homes-foreclosures.html

The past year was difficult for homeowners rCo but experts warn that 2026 could be even more challenging.

Foreclosures rCo when a bank or lender takes back a home after
missed mortgage payments rCo rose 14 percent from a year
earlier.

In total, 367,460 US properties faced foreclosure filings
in 2025, meaning they were in some stage of being taken
over by a lender, according to ATTOM's data.

Experts warn even more homes may be seized in 2026. 'If the
job market weakens, and it may very well, then we could
unfortunately down the road see the increase in the foreclosure
rate significantly accelerate,' said economist Michael Szanto.

Indeed, the outlook for the housing market rCo and the wider
economy rCo is increasingly bleak. In total, the US added only
around 584,000 jobs in 2025, making it the weakest year for
job growth outside a recession since 2003.

. . .

Americans biting off more than they can chew is NOT
so unusual. Everyone wants to live a level, or two
or three, above their means so they can Look Good.

PROBLEM is when the bills start to come due.

The US job market and wages aren't THAT bad now, but
still there are a LOT of people who tried to live far
beyond their means and cannot sustain that anymore.

This IS causing an implosion in the housing market
like we saw not ALL that long ago. Nobody learns dick.

So, expect a MAJOR ongoing Property Crash. Thought
you could buy an old crackerbox for a mil and flip
it for twice as much ? Nope.

Positive ... property taxes will HAVE to go down.

Negative ... big impact on lenders, just like before.

Middle ... a lot MORE properties were bought with
private money this time than the last, the banks
are not SO exposed. News suggests they've been
armoring themselves for this for at least a year,
so they won't collapse like before. Trump is less
likely to bail them out.

Still, basically, nobody learns a fuckin' thing.
"Gold Fever" rules just like always.

MAYbe govt could buffer this natural tendency,
but it won't ... and likely couldn't do it well
if it tried. This is a 'feature' of capitalism,
booms and busts, and booms and busts, and ...

Trump wants to push down interest rates. SHORT term
it'd be helpful, but LONGER term maybe not so much.
Oh well, politics is much about TODAY, naught but
promises for tomorrow. Nothing new here.

Hmm ... 1928 ... govt and a lot of others KNEW the
markets were becoming unsustainable. Did they DO
anything ? Hell NO ! Still lots of profit to be
made in '29 ... until ......

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