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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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BFCSA: “Million Dollar Shack” In Silicon Valley (Video)

Posted by on in ROYAL COMMISSION URGENT
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CTRL click to bring up the link and watch – this one 28 mins.

“Million Dollar Shack” In Silicon Valley (Video)

by Wolf Richter • October 27, 2015

http://wolfstreet.com/2015/10/27/million-dollar-shack-in-silicon-valley-video/

This is what’s going on in Silicon Valley and San Francisco, in Housing Bubble 2, crazier than anything before it, dwarfing even the bubble that peaked in San Francisco in November 2007 and then imploded.

In their beautifully made video, “Million Dollar Shack: Trapped in Silicon Valley’s Housing Bubble,” Steve Fyffe and Michelle Joyce show in gripping details how money is washing over the area, the hubris it engenders, the foreign investors who buy homes for investment purposes, renters who get dizzying rent increases and are forced out….http://wolfstreet.com/2015/10/27/million-dollar-shack-in-silicon-valley-video/

It’s time for people who can’t afford to live here to make room for those who can, says the “real estate rock star” who is prominently and hilariously featured. Worth every minute of it!

To read more bout the film makers Steve Fyffe and Michelle Joyce, check out their site, “Million Dollar Shack: Trapped in Silicon Valley’s Housing Bubble.”

But those few warning of a housing crash are “scaremongers” – And this is now playing out in Australia. Read… Why Mainstream Economists Deny Housing Bubbles Until After They Implode – Which They ALWAYS Do

 

 

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Guest Monday, 28 September 2020