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Wednesday, February 25, 2009

Home sales at 12 year low

Back in 2005, HDRKID told people to sell their house and buy gold. Well, today, gold is near $1000/oz and homes are worth maybe half what they were in 2005. Sales of existing homes fell over five percent to a twelve year low. Those people who waited are going to feel bad. However, he predicted that soon we will see social unrest from an economic crisis that turns into a financial catastrophe, similar to Hurricane Katrina.

The key to survive is to prepare for what is coming. Expect that things will get worse. May sure to have supplies as soon it may be difficult or impossible to obtain them.