Dr. Housing Bubble - Real Homes of Genius

[fuzzywzhe]

I am thinking of finally giving up on California.

I have $250,000 cash which I can buy some shitty condo here with in the Bay Area - or I can buy a mansion in Rochester NY...

Sure, I won't be making $200,000 a year anymore, but making $100,000 will be plenty - especially with a paid off home.

[tickyul]

When greedy, materialistic Americans wake up on Jan 2, 2006 groggy,sick and bloated from an orgiastic spending binge they will have a lot to worry about. Major economic indicators are pointing toward a real messy time for the greedy ole USA. At the top of the list in the near term is a MAJOR correction in the housing market, this will have a ripple effect in many american sectors. So go ahead refinance your house so you can pull the equity out of it and buy your stoopid kids Bratz wigger dolls.

[damnright4]

Prices are still a joke what the fuck are folks thinking ...stay on the fence. If you buy now you will suffer losses imedieatly and for quite some time to come..house prices still suck thanks to the FED!

[australiandownunder]

anyone that tells you that real estate prices are justified and say that prices will continue going up over the coming yrs have peanuts as brains in their heads.I always hear this from the older generations, how they bought a house and it doubled in price after 6 yrs.They know shit that was in the good old days when house prices were managable and can be paid off after 7 or 10 yrs.nowdays it could take a normal couple up to 25 to 30 yrs to pay off .how in the hell could prices double dickheads

[moothacow]

All during the boom they called us stupid for not buying. Who is stupid now. You are as broke as a joke. Pardon me while I go out to dinner.

[rockthewalk]

love this song and beat...can someone post or inbox me who this artist is for this song and the song name?

[777aqua777]

here in australia people are still living in a fools paradise when it coms to 'real 'estate prices i don't know what planet the people in austarlia are from when it comes to real estate prices but must be planet of the apes, one thing they never tell people here in australia is just how cheap real estate in america is and thats after the bubble,fools be warned ...you greedy sods,serve you all right

[zekeandcharlie]

lol

[richxox]

fuck you in canada average income if you arent drug dealing or working oil is

$45000 a YEAR and our homes are avg price in alberta of $300000 for a modest home or a CONDO!

[ExpertRealEstateTips]

For more tips on buying and selling a house, check out my videos.

[antipovertycultz]

Politicians use the mobocracy system in housing by charging taxes every year on the property you have already paid the day you cant pay you lose your house, like a mafia movie. By increasing taxes every year there would comes a time

where you cant pay that high. The result would be mass homelessness for the middcle class and rising rents for the poor while wages stay low

[aristideau]

Are these prices supposed to be cheap or expensive?, They seem quite reasonable by Australia standards.

[darkcarnivaldesign]

I believe the point is that the houses are overpriced compared to their value and location. As a resident of SoCal some of these areas are not the best.

[ppaschos]

"Not the best" is a huge understatement. Compton is one of the most gang-infested, poorest neighborhoods in L.A. Remember EZ-E and "Straight Outta Compton"? The fact that ANY property in Compton is selling for $300K is astounding and truly shows the depths of the insanity in the Southern CA housing market.

[zekeandcharlie]

amen

[beavis1a03]

They are WAY overpriced. The areas featured are pure GETTO. Compton, Ingelwood? Bulletproof vest and just drive...don't stop.

[rasoros]

anybody know what song is playing in this video?

[MktNinja]

it's by gorrilla...dun no name.

[TruckinMike1965]

hey Zopre...

"democracy means inflation and inflation means poverty" --- inflation comes from OUR government printing cash, via the federal reserve, and adding it to the money supply, thus depleting its real value. Ron Paul calls it the "Inflation Tax" on the Middle class and poor.

[lennyfest]

Imagine going to the bank and asking, "I'd like to open an account for minus (-)$100K". After years of deposits adding up to $100K you will have $0 in the account. Silly isn't it? Well that is exactly what you will be doing if you bought a house right now. Maybe a little more, or a little less, but either way doesn't sound too good does it? DONT BUY REAL ESTATE BE SMART

[pauloz386]

Totally agree TruckinMike1965, for inflation to work there must be losers, generally that's the people with less assets i.e the poor, thats how the rich get richer. Democracy and capitalism is sold as the ultimate system, but I'm not so sure, capitalism works with growth i.e more people, more consumers, but the environment can't sustain infinite growth,so something going to crash.

[JP5466]

Good, keep crashing! In 2-3 years I go with cash like a fox in a hen house and buy 50% off todays prices -LOL! Just goes to show you how greedy and foolish the average person is.

[Zopre]

dont be a dumbass you dont buy a house to sell it you buy a house to live in it! buy to keep! let the housing market crash before you buy!

youll pay your house in full within 3 years.

housing is a crucial human necessity and shouldnt even be on a stupidass stock market .High inflation on housing is the cause of homeslessness! democracy means inflation and inflation means poverty.

[lovebumper2020]

what is tjhis song vcalled ,,love it

[MelodyofLove]

Great video... where did the greater fools go?

[christophgerald]

Niggers in the area..............what do you think is going to happen to values????????

[GvLoveaChance]

Looking for homes to buy or sell in California, then visit NickNekoo Dot Com for a free list of active listings

[geocam2]

There's always a greater fool.

[julebuggy]

Apparently not anymore.

[geocam2]

Well, the Greater Fool is still there, but now nobody will loan him any money.

[Bo0ja]

I live in LA county and I can verify everything said here. Where I live in Lawndale houses are going for close to 500,000 grand and its ghetto as shit. Good luck America.

[jdc8000]

"Immigrants keeping sagging housing market afloat"--The Houston Chronical. As long as there are immigrants--easy prey.

[lennyfest]

anybody that decides to buy property now is a fool real estae in america will decline a min of 20% this year , even more in certain areas , real estate went up 20% a year for the last 5 years it could very easliy go down 20% a years for the next 5 years , dont listen to real estate agents telling you its a great time to buy, thats bull shi t ,, realtors are liars , dont trust them .. dont buy wait and save big money ,

[lennyfest]

anyone that buys real estate now anywhere in the USA is a fool 2001 prices coming soon buckle up ,, dont buy major declines coming ,

[HeeersEllery]

Great video. Amazing how few people actually get it.

[mdrnscrt]

These houses are in the Ghetto. The music sucks for this video though. You should have used hardcore rap with gunshots etc..

[Budvb]

lol no shit and look at there rpices lol i say we got 3-5 years before we all begging for food in the lines like the Great Depression. I say start Buying Gold! and not on Paper but the stuff you can Hold!

[gamehuis]

Nice one Herr Bubble, very amusing indeed. :)

And to think that the talking heads on TV and in the papers think that the housing market has almost bottomed out... :p

[TaZMaNiO]

Well, well...

Looks like the Credit bubble is all but done! Hahaha

Can you smell the defaults, I can ;-)