Thursday, April 25, 2013

Real Estate Pump and Dump Scheme-Fabian Calvo



Fabian Calvo of TheNoteHouse.us processes $100 million of distressed real estate annually. He says we are in the process of a pump and dump real estate crisis.


Calvo contends, “The big hedge funds and big private equity are buying all the real estate right now. . . . So, when they start dumping, they will be dumping to those buyers who will be getting money for free from the government. It has all the characteristics of a pump and dump scheme.” Calvo claims, “No money down loans are up nearly 20%.” Calvo predicts, “It will be bigger than the last one because it will be a bursting of multi-bubbles–not just the housing bubble, but the bubble in U.S. Treasuries. It will take out the real estate bubble. They will both go down together.” Calvo contends, “You have a mad scramble for hard assets globally. It’s not just gold. Sovereign wealth funds are buying real estate like crazy.” Join Greg Hunter as he goes One-on-One with Fabian Calvo of TheNoteHouse.us.

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