Adapted from a recent e-mail advertisement from Gary North. - Ed.

While the sticker price goes up, up, up in most cities, home prices are going down in reality. It's only the beginning.

I just heard a realtor's ad on the radio. She urged buyers to come on in. "I can get you twice as much house for about the same monthly payment you're making now."

What is this, Sam's Club? Since when do you get twice as much house for the same dollars - and still claim the house is worth more than it was a couple of years ago?

But it's happening. The house that was worth $100,000 a few years ago now sells for $200,000 - but the monthly payment is the same! The seller's happy. He doubled his money. The buyer's happy. The realtor's happy, everybody's happy.

In real life, it's called discounting when you pay less and get more.

And it's going on all over the country. For the time being, these deep discounts are hidden by creative financing and shady lenders.

But they won't stay hidden much longer. Please understand, the "sticker price" on a house these days doesn't mean any more than the sticker price on a car. Nobody actually pays it.

The figure on the contract is a fiction. I mean, the number the realtor and the lender say is the selling price. In the next few pages, you'll find exactly what I mean, and how bad things really are. The sad truth is... Your house is worth less than you think!

In fact, your house is probably losing value and you don't even know it. The truth is being hidden from you. In a few months, it will be official and everyone will have to face it.

We're near the top of the housing bubble. It's a rerun of the stock market bubble of the late 1990s. But this time the hangover is going to be much, much worse.

In early 2000, the Nasdaq was over 5,100. It went on to lose 80% of its value. Companies like Enron and WorldCom became worthless. The Nasdaq is still 60% below its all-time high. It never came back.

My readers had the chance to make money when the dot-com bubble imploded, and we plan to give you another opportunity to make money when this bubble pops, too… and if you think it can't happen to real estate, think again. Things have changed. Real estate can now go up and down like paper assets.

Few people know it yet, but they're about to find out. The same financial manipulations that enable people to buy "twice the house for the same payment" will go into reverse. In the next few pages, you're going to discover changes in the housing market most people know nothing about. If you know what's going on, you can protect yourself. If you don't, you're in terrible danger.

Please read on, visit the following link:
http://www1.youreletters.com/t/183903/11018610/780612/0