this is insanity. banks are forcing people out of homes, homes are then abandoned, crime goes up, police ups enforcement, costing city money to protect the bank owned homes which are standing EMPTY. what a waste.
all of u who lost ur houses better find a way out n ask ur selves why and how did u get in this situation or look back at history or read books on economics before fiat currency.
@eatandtravel Orange County and L.A are to capacity people, their live like rats on top of each other. I highly recommend stay away from O.C and L.A at least in the Inland regions you still have space you can't hear your neighbor through the wall.
OBAMA GOING TO TRIAL ON HIS BIRTH CERTIFICATE !!!. Trial is scheduled in January 2010 - Regan Federal Court Building, Federal Judge Carter, Santa Ana, CA.
YIPPPEEE ---- Time to watch our Justice System in true action and our Constitutional rights upheld against Communism.
Its the practice of the Bankers who have had a monopoly on lending, funding both sides of wars & holding governments by the nuts by controlling and printing their money. Its called USURY.
It's not the US goverments job to keep people from taking a idiotic loan. If a person is stupid enough to sign on a rediculous loan then I have a hard time feeling sorry for them when they lose their home. Some lessons in life are hard. Is self responability completely dead?
@roughneck10000 What are you talking about the government hands are all over the housing bust. It started with jimmy carter and went to bush they wanted people who weren't qualified to get homes.
I agree the goverment did lean on lenders to ease up their loan criteria, however they do not force someone to sign onto a rediculous loan. I vote the goverment just let capitalism work and focus on keeping us a soveriegn nation instead of all the shit they have been doing.
Has anyone every considered that the whole early 2000 century foreclosure crisis is a form or terrorism? Look at how many people are directly effected and the even large numbers that are indirectly infected. No need for bombs, bullets, or viruses. The job got done anyway.
Did you stop and think about what you wrote before you posted it? Someone else making something you cant afford look attractive does not make it ok to buy what you KNOW you can't afford. If that is how we approached everything in life the world would be nothing but chaos.
People are mad at these crooked corporations but it's the over leveraging by lending institutions that caused the problem. The corporations are a separate problem in itself although the government can't place the burden on the taxpayer of the corporations. Stricter lending policy would have prevented the problem. The government(s) is at fault for not stepping in before the crisis got out of hand. Taxing people to death, over leverage, and making us rely on crude oil.
in the depression they had Shanty towns so when you see those pop up you know things are bad.. when inflation exceeds the interest rate you have a condition that is of negative real rates and it's very bad for an economy. oil is a major expense that keeps inflation high and how the government spends creates inflation. if these 2 things are not controlled it's bad for the economy. tap on banks allowing people to over leverage which has already happened.
will likely go on though 2010 and perhaps 2011. it's tough to put exact numbers on such a mess but this yr shows to be gloomy and most agree that it will be tough into 2010. you just never know though so maybe with modern intervention it will be possible to change it but they haven't done nothing to improve the conditions such as create jobs or put money into the hands of people.
Wow, Perris Ca sure has changed . I used to skydive there during the early eighties. There wern't very many houses in the area then. Thanks for keeping us posted.
Phhffttt. The news is unreliable since corporate money corrupts the entire profession of journalism in America. Reporters aren't supposed to earn six figure incomes and wear $4,000 suits - get a clue.
George ilustrates a reality that is spreading all over the country. The sub-suburbs first go. Then onto the suburbs. When the tax base dry up then we will see unbelievable 3rd world conditions in Ameirica - in America!
CA. had a law requiring vehicles to have significantly higher gas mileage and lower emissions. Arnold rolled that law back. Imported the first Hummer for himself. GM then killed the EV-1 electric car by recalling them all (they leased rather than sold them all originally) They destroyed them all. And then started manufacturing the Hummer. The Government then gives a $100,000 tax break for company vehicles over 6,000lbs. That's reality. That's facism and consumerism at it's best.
Excellent reply, thanks. Here in Australia we are doing our very best to follow the USA consumer insanity. I stopped in my tracks last night in a carpark to wonder at who might own a massive brand new USA style SUV parked there.
Consider that suburban living and consumrism has brought us here in a mere 70 years. Pretty clear sign that this social model is not sustainable. Those caught up in the illusion won't relent without fighting. It's going to get real ugly next year. Get out of the suburbs and city if you can.
Squatting is the act of occupying an abandoned or unoccupied space or building, usually residential[1], that the squatter does not own, rent or otherwise have permission to use. Squatting is significantly more common in urban areas than rural areas, especially when urban decay occurs. According to author Robert Neuwirth, there are one billion squatters globally, that is to say about one in every seven people on the planet
California is the septic tank of the idealogy of the leftist liberal democratic party.
The state is an example of poor immigration enforcement, welfare and social services designed to build a population of idiots and unskilled workers and drug addicts. The state is run by enviromental whackos; planned parenthood; gays; antichristians and the hollywood propaganda machine. Then this guy rides around and blames Capitalism and greed as the problem.
Yeah, well I guess we could all give our money to the Jim Bakers, Jimmy Swaggerts, Benny Hinns, Robert Tiltons and so on. So you don't think greed has somthing to do with this? I'm not into political parties, but the republicans are probably more responsible for the over-all disaster we are in...than anybody else....for sure...criminals everywhere
I didnt advise you to do anything, tv evangelists are low on my list as well, but they certainly dont run the politics of that state. California loves to tax and Ive heard that your governor wants to cash in on the so called global warming and how their taxes are going to save the planet, what a laugher. Companies are leaving that state and the smart people are relocating to republican states. Only Democrat state worst than Cali. is Michigan another liberal communist state
Spurgeon, All those liberal groups you mentioned are created by capitalism run amuck into facism. Divide and conquer is the simplest and historically the most effective means of defeating people and civilizations. Capitalism divides children from their families, brother from brother and sister from sister. It encourages a individualist pursuit of wealth and promotes a plethora of liberal agendas for the individualists to subscribe to whilst pusuing capital to create their american dream.
Capitalism is based on free markets which is fueled by self motivation, self determination and self improvement. Capitalism motivates a spirit of individualism because it recognizes every individual as having value and ideas and skills seperate from the communist mindset that people are drones of government policy and dictatorship. You can move to Cuba or North Korea or Venezuela if you prefer communism over capitalism my friend, but you wont because you don't actually believe what you preach
You recite a definition with no regard for todays reality. Don't play dumb. Pull your head out of your...
Capitalism has checks and balances that have been superceded in America by Facism. The corporate lobby in America outnumbers Senators 8:1 NO Intelligent person in this country can deny that big business is controlling our Government, and her policies. Thus big business is controlling the people, our lives, and our future.
To deny our current reality is blatantly assanine.
Let me try to educate you, the current financial disaster is based on the policies of administrations dating back to Carter and its called Community Reinvestment at the expense of good economics and banking and common sense. Banks have been forced by the govt to loan money like never before in the history of banking at 100% of the loan with no documentation or proof of income, with only minority status. And because of this its the private sector going belly up and govt growing by a 1000%
i'm a squatter! ..yes i know i am braking the law,but i have to live somewhere! ...to eat i go fishing and some times i steal pizzas from the pizza man...ha ha
important! please youtube or google "mike montagne" mike's theory of mathematically perfected economy reveals the true cause of the current collapse and how it CANNOT be avoided! We are at the end of the terminal cycle of debt sevice as percentage of total circulating money supply. please watch all 20 of mike's vids in order on the playlist. your understanding will be greatly increased and your eyes will be opened, guaranteed. He also provides a solution! powerful stuff.
Sub-Prime fiasco.. and in the 90's our jobs left this country, still tryin' to see what/who let that happen.. in the 2000's Bush kept us busy w/war and passed extreme laws w/the help of the Congress as the Judicial sat back and let it happen..
We need to get busy and put some people in power that can give us our country back before it's too late..
I believe that local Planning Boards have some blame in this fiasco to the extent that with no permit there is no building.. overbuilding inpart was due to granting too many building permits, which sends the ball into the court of the Town/City Managers office which is charged to manage growth.. but then again, without the free money in an inflating bubble flowing like mana from Heaven a great majority of these permits would never have been sought.. 1990 end of Glass-Steagall Act began this
If I had to choose between sleeping on a park bench and an empty house.
I choose the latter.
It is not the squatter's fault entirely.
We as a society have failed them. Sure, some will always fall through the cracks, but I am positive if you surveyed these people. You will find it is because of their ignorance and conditioning that they are where they are.
You can say that ingnorance is no excuse, at least the law believes that, but I believe the problem is rooted at family and community.
Absolutely. Wait.. Wait Wait before purchasing a home in this environment. We have so far yet to go in this real estate collapse. Wait until things have settled and the market has started to improve for a while. It will not shoot up like a rocket - so you won't lose much by missing the bottom by a few $s or a few months. It is not likely to happen in 2009.
George is right, this is just the beginning when it comes to foreclosures. Many states take up to 12-18 months to foreclose on homes so those states will be delayed in the price fall until this year.
George I am in an RV because I figured out years ago: If you are going to own land you must make it produce something. If you have local ordinances and property taxes you never own the land. Some local people in suburbs wanted to have small hen houses for... food. The local elected officials wouldn't allow it. Idiots! The politicians control your land thru zoning regs.
Only issue with Rv is tornado bait states like Kansas etc in the Spring. But you can go to Canada or East. There are RV camps that even offer work or free hook-ups. Gas prices will hover @ 1.7O a gal according to Illuminati insider Lindsey Williams.
George Motorhomes offer much more protection than a tent. As I said, I got a good deal on mine. It's an older unit and I paid $5 thousand for it. Been Rving for over 3 years. If I would have rented an appt i'd be living under a bridge or in a tent or both. Avg appt rental for family $800 per mth nothing under 500. Check Craig list or ebay to buy. Check states that aren't hit for housing. Check rich states.
code enforcement fines will just make the bank owners let the city take them for taxes. The banks are not giving mortgages to families - just the rich with cash can buy. Problem, - is will the investors be able to find people with money to rent? In Florida, the foreclosed homes are having their copper pipes and anything sellable ripped out. One Summer without the air conditioning means mold violations/contamination. Get family owners in fast or face instant slums.
'If disorder goes unchecked, a vicious cycle begins. First, it kindles a fear of crime among residents, who respond by staying behind locked doors. Their involvement in the neighborhood declines; people begin to ignore rowdy and threatening behavior in public. They cease to exercise social regulation over little things like litter on the street, loitering strangers, or truant schoolchildren. When law-abiding eyes stop watching the streets, the social order breaks down and criminals move in.
very true comments.. hopefully many places never get this bad.. As unemployment increases things will only get worse and with the state of california on a TAX increase frenzy..to save the pension system..
. Businesses will leave this state In record numbers and things will decline rapidly. Thanks arnold and Octo Mom for all your help
This looks like my old neighborhood in Ontario, California. Except the houses were not as big nor nice looking. Neighborhood in the video looks nice still. And some of the houses too.
Yeah i agree the housing sector will remain in the shitter but i dont think well see another Great depression. If we are lucky and the economy stops the massive jobs losses per month then late 09 the economy stimulus will kick in and yes we could stop the bleeding . Whos knows but i think the economy will come back in 2010
Seems you haven't researched this at all. The US has basicly been non-stop binge drinking for the last 10 years, now it's time for a big ol' hangover.
Maybe they will need the fema camps for squatters and the homeless? In oregon unemployment is at 10.8 "they say", up from 8.5 and january and 5.6 june 08
Debtors camps, illegal immigration detention, quarantine facilities....in more ways than one. Even perhaps job placement servcies to work in the camps for room and board too.
Another good report from Cali George, I could easily imagine that in a couple of years, wildlife will start reclaiming some of these petrol-superburbs that are turning into dead zones. Maybe even small hunter-gardening communities forming there and using these houses for shelter.
Do the Banks still have to pay Property taxes and School Taxes..I wonder how that works? I would guess that no homes have been reassessed lower for Taxes.
I could see some equally economically challanged countries foreigners moving into these houses from abroad but not from China or India or the like, people there are buying more cars for the same price as here and starting to live a generally better life. The US is probably descending to resemble one of its sister latin american countries economically speaking.
If we continue to obey the law of the water & this is what will becomes of the rest of the slaves.That are employeed by the coporation of the United States.We are nothing more than a form of currency to the United States of America inc.
i have been living in a few bankrupt houses in vallejo,ca....i still work but i am saving my money and in a year or two i will have enought money to buy a dead house!
Because this country is currently UPSIDE DOWN . I have turned my license plate upside down on my car until this country is restored to its original Glory...spread the word.
Glad it isnt this bad in New York. I havent heard anything like this here... yet. Wish you all in Cali the best. Im originally from San Bernardino, and I hate seeing it like this out there. Thats weird though, Orange Couny CA. Had a HUGE housing boom at the SAME exact time Orange County NY had one. It was estimated between 1995 - i believe 2003 or 4 there was 300 - 500,000 new homes. 2007 it all came to a stretching halt. Now we wait, and see I guess. No work this end so....
George, people east dont know what a tag means. The red tag comes to mind. The banks dont even try to negotiate. Overnight 40 cars here were keyed. Why is it no one can put these neighborhoods back together?
I'm so glad you're back to reporting, George. You just have such a pleasant personality, and your reports are always very interesting and up-to-date. I hope everything's going well with you and your family.
i was always hearing, buy a home, friends and family telling me to buy one, even in the media, it was always saying "why rent when you can buy?" 2009 was supposed to be my year to look in to a fixer upper home, until the bailout last year. now all i have been hearing in media "dont buy a home, its better to rent" well now i have an RV, im good to go. thanx for showing us what they wont show in montana
Hey first George isn't overly heavy second there is a strategy there, whatever weight he has put on is for any upcoming famine. So while your skinny ass is wasting away George will have some fat to live off of and live longer then your punk ass.
kinda stupid how they would build so many so far out of town plus it doesn't help that they make you pay more money by code viloilations you would think they would want them to stay in the house even if it looks like crap much more lyniant in my state i've been repairing the fence for a year looks pretty bad and sometimes i have a car sit for awhile when i working on it and still no complaint's what so ever
I heard on the news that most of those "homes" being built are in fact new apartment buildings. Makes sense, because more and more people are going to have to go back to renting.
After deflation, comes what we called the normal old days, then is when you should be worry because is the indicationfor the Hyperinflation. All this because of mass of priniting of new paper money and bonds. Sad...
moreno valley is the next shoe to drop in the inland empire...
Beware when shopping there...Gangs patrol the parking lots and break in to steal new purchases - they quickly return them w/ receipts for cash! happened to me
Los Angeles CA has been known for sky high real estate prices and maybe this recession will bring prices back inline with the rest of the country. Those were some nice looking houses in your video, very much like my neighborhood in North Dallas, but I suspect they are double or triple the prices of similar homes in Dallas and other parts of the country. I hope to see you on BlogTV tonight to talk about the real estate market.
A Dead Zone and an old west ghost town have a lot in common. Squatters will strip the houses of copper pipe and wire. Bathroom furnishings gone etc. The next group of Squatters may be worse with crack problems. They are the real sqatters because they get a better rush smoking and shitting anywhere on the floors.
Here on the east coast ppl just do not get it, in my neighborhood ppl are buying homes on the current suckers rally and the shocking part is they think they are buying at the bottom. I guess they do not understand basic economics and bubbles. What starts on the west coast makes it's way to the east coast and I am starting to see more short sales and foreclosures. This time next year the east coast will start to resemble California.
Thanks for the video George. Buy a gun and move. Those "squatters" are most likely local gangs. I would not want to buy a house in Paris, CA. I might get shot in the back of the head by bangers while watchin' the evening news in the living room--F*ck no.
I used to live near 40th st W and Avenue J. AV resident for 18 years, glad to be out. Lancaster-Palmdale is a pimple on the ass of Southern California.
Finally somebody else that sees what is going on. We haven't hit rock bottom in housing yet. Your analysis applies to almost any where in the country
dragongravy 1 week ago
this is insanity. banks are forcing people out of homes, homes are then abandoned, crime goes up, police ups enforcement, costing city money to protect the bank owned homes which are standing EMPTY. what a waste.
Rawego 8 months ago
all of u who lost ur houses better find a way out n ask ur selves why and how did u get in this situation or look back at history or read books on economics before fiat currency.
bxccapricorn 1 year ago
I don't live in the U.S. I am just wondering which area in California has the expensive homes??
MrJackassjerry 1 year ago
@MrJackassjerry Anywhere near the coast you'll find the most expensive homes....
ripperduck 1 year ago
some are good taggings....."graffiti art"
eseledopey 1 year ago
some are good taggings
eseledopey 1 year ago
Who would buy in Riverside or Inland? The good people in Riverside and Inland are trying get out dodge. The bad elements are rushing in.
You want to buy in established areas like Orange County.
eatandtravel 1 year ago
@eatandtravel Orange County and L.A are to capacity people, their live like rats on top of each other. I highly recommend stay away from O.C and L.A at least in the Inland regions you still have space you can't hear your neighbor through the wall.
DIJV79 1 year ago
@DIJV79
To each his own but I live in Belmont Short and you couldn't pay me enough money to live in Riverside.
Like I said, if Riverside is your thing, go for it.
eatandtravel 1 year ago
@eatandtravel Yeah! I can't blame you, but the only nice place is out of California.
DIJV79 1 year ago
When it gets bad enough, the governmet will bulldoze the 'dead' zones to restore prices.
eatandtravel 1 year ago
This has been flagged as spam show
NEWS FLASH !! -
OBAMA GOING TO TRIAL ON HIS BIRTH CERTIFICATE !!!. Trial is scheduled in January 2010 - Regan Federal Court Building, Federal Judge Carter, Santa Ana, CA.
YIPPPEEE ---- Time to watch our Justice System in true action and our Constitutional rights upheld against Communism.
DONEwCA 2 years ago
Great video George..Yeah I see how it went downhill..Its a shame.
gametight79 2 years ago
We are in the age of the victim no one is responsible for anything that happens.
jobedied 2 years ago
Maybe the properties remain unsold because
1. Owners are still expecting to get more than what they paid for it in the boom years and won't settle for today's prices.
2. Nobody can get a loan.
shockadelicaustralia 2 years ago
Wealthy Israelis, Iranians, Chinese will buy up these homes.
jesuschrustpizza 2 years ago 2
Why is predatory lending legal? Thanks for protecting us, U. S. government!
slbiggs36 2 years ago
Its the practice of the Bankers who have had a monopoly on lending, funding both sides of wars & holding governments by the nuts by controlling and printing their money. Its called USURY.
fORBIDDEN in the scriptures.
WONDAWOMAN 2 years ago 4
Thank the jews for their usurious robbing of America!
sharkloaner 2 years ago
It's not the US goverments job to keep people from taking a idiotic loan. If a person is stupid enough to sign on a rediculous loan then I have a hard time feeling sorry for them when they lose their home. Some lessons in life are hard. Is self responability completely dead?
roughneck10000 2 years ago
@roughneck10000 What are you talking about the government hands are all over the housing bust. It started with jimmy carter and went to bush they wanted people who weren't qualified to get homes.
tylersilverchoice 2 years ago
I agree the goverment did lean on lenders to ease up their loan criteria, however they do not force someone to sign onto a rediculous loan. I vote the goverment just let capitalism work and focus on keeping us a soveriegn nation instead of all the shit they have been doing.
roughneck10000 2 years ago
I agree with that. To me the home owner and the government are fifty fifty to blame. One couldn't exist without the other.
tylersilverchoice 2 years ago
Has anyone every considered that the whole early 2000 century foreclosure crisis is a form or terrorism? Look at how many people are directly effected and the even large numbers that are indirectly infected. No need for bombs, bullets, or viruses. The job got done anyway.
Anothercoilgun 2 years ago
no one forced them 2 buy a house
peckiledorf 2 years ago
Yes your right, but they made it look so good, did you ever buy a house, if you did then you know what it feels like to do so.
wildnutria 2 years ago
Did you stop and think about what you wrote before you posted it? Someone else making something you cant afford look attractive does not make it ok to buy what you KNOW you can't afford. If that is how we approached everything in life the world would be nothing but chaos.
gotveggieoil 2 years ago 2
Your kind of common sense is not so common.
gotveggieoil 2 years ago
I never understood why people lived in the inland valleys of California--ugly, lots of driving, baking summer heat, high cost of living and now this.
yocanbanconit 2 years ago 2
Thats what some people like :)
Besides, its secluded. Well was secluded. The crime took off and it all changed. IE is actually very beautiful. The ugly is the aftermath.
Anothercoilgun 2 years ago
I grew up in Perris. Ity was a nice place in the early '90s. not anymore.
peabo12 2 years ago 2
alot of thugs from La,Compton,Watts,etc moved inland
whipit4me 2 years ago
DESTROYED BY THEIR DESIGN
AWTENCHEE 2 years ago 3
People are mad at these crooked corporations but it's the over leveraging by lending institutions that caused the problem. The corporations are a separate problem in itself although the government can't place the burden on the taxpayer of the corporations. Stricter lending policy would have prevented the problem. The government(s) is at fault for not stepping in before the crisis got out of hand. Taxing people to death, over leverage, and making us rely on crude oil.
satanic6ritual 2 years ago
in the depression they had Shanty towns so when you see those pop up you know things are bad.. when inflation exceeds the interest rate you have a condition that is of negative real rates and it's very bad for an economy. oil is a major expense that keeps inflation high and how the government spends creates inflation. if these 2 things are not controlled it's bad for the economy. tap on banks allowing people to over leverage which has already happened.
satanic6ritual 2 years ago
will likely go on though 2010 and perhaps 2011. it's tough to put exact numbers on such a mess but this yr shows to be gloomy and most agree that it will be tough into 2010. you just never know though so maybe with modern intervention it will be possible to change it but they haven't done nothing to improve the conditions such as create jobs or put money into the hands of people.
satanic6ritual 2 years ago
this is so sad on so beautyful homes....
gabbe81 2 years ago
Wow, Perris Ca sure has changed . I used to skydive there during the early eighties. There wern't very many houses in the area then. Thanks for keeping us posted.
lasttoknow55 2 years ago
WOW!! you dont see that in the news,
it cant be all bad.?
binky4647 2 years ago
Phhffttt. The news is unreliable since corporate money corrupts the entire profession of journalism in America. Reporters aren't supposed to earn six figure incomes and wear $4,000 suits - get a clue.
GloVermont2 2 years ago
George ilustrates a reality that is spreading all over the country. The sub-suburbs first go. Then onto the suburbs. When the tax base dry up then we will see unbelievable 3rd world conditions in Ameirica - in America!
GloVermont2 2 years ago
huge vehicles, huge houses, yep the whole world should consume like this.
halfasheep 2 years ago
CA. had a law requiring vehicles to have significantly higher gas mileage and lower emissions. Arnold rolled that law back. Imported the first Hummer for himself. GM then killed the EV-1 electric car by recalling them all (they leased rather than sold them all originally) They destroyed them all. And then started manufacturing the Hummer. The Government then gives a $100,000 tax break for company vehicles over 6,000lbs. That's reality. That's facism and consumerism at it's best.
GloVermont2 2 years ago
Excellent reply, thanks. Here in Australia we are doing our very best to follow the USA consumer insanity. I stopped in my tracks last night in a carpark to wonder at who might own a massive brand new USA style SUV parked there.
halfasheep 2 years ago
Consider that suburban living and consumrism has brought us here in a mere 70 years. Pretty clear sign that this social model is not sustainable. Those caught up in the illusion won't relent without fighting. It's going to get real ugly next year. Get out of the suburbs and city if you can.
GloVermont2 2 years ago
Squatting is the act of occupying an abandoned or unoccupied space or building, usually residential[1], that the squatter does not own, rent or otherwise have permission to use. Squatting is significantly more common in urban areas than rural areas, especially when urban decay occurs. According to author Robert Neuwirth, there are one billion squatters globally, that is to say about one in every seven people on the planet
faulisdead 2 years ago
California is the septic tank of the idealogy of the leftist liberal democratic party.
The state is an example of poor immigration enforcement, welfare and social services designed to build a population of idiots and unskilled workers and drug addicts. The state is run by enviromental whackos; planned parenthood; gays; antichristians and the hollywood propaganda machine. Then this guy rides around and blames Capitalism and greed as the problem.
Spurgeon123 2 years ago 3
Yeah, well I guess we could all give our money to the Jim Bakers, Jimmy Swaggerts, Benny Hinns, Robert Tiltons and so on. So you don't think greed has somthing to do with this? I'm not into political parties, but the republicans are probably more responsible for the over-all disaster we are in...than anybody else....for sure...criminals everywhere
darkcloud2211 2 years ago
I didnt advise you to do anything, tv evangelists are low on my list as well, but they certainly dont run the politics of that state. California loves to tax and Ive heard that your governor wants to cash in on the so called global warming and how their taxes are going to save the planet, what a laugher. Companies are leaving that state and the smart people are relocating to republican states. Only Democrat state worst than Cali. is Michigan another liberal communist state
Spurgeon123 2 years ago
Spurgeon, All those liberal groups you mentioned are created by capitalism run amuck into facism. Divide and conquer is the simplest and historically the most effective means of defeating people and civilizations. Capitalism divides children from their families, brother from brother and sister from sister. It encourages a individualist pursuit of wealth and promotes a plethora of liberal agendas for the individualists to subscribe to whilst pusuing capital to create their american dream.
GloVermont2 2 years ago
Capitalism is based on free markets which is fueled by self motivation, self determination and self improvement. Capitalism motivates a spirit of individualism because it recognizes every individual as having value and ideas and skills seperate from the communist mindset that people are drones of government policy and dictatorship. You can move to Cuba or North Korea or Venezuela if you prefer communism over capitalism my friend, but you wont because you don't actually believe what you preach
Spurgeon123 2 years ago
You recite a definition with no regard for todays reality. Don't play dumb. Pull your head out of your...
Capitalism has checks and balances that have been superceded in America by Facism. The corporate lobby in America outnumbers Senators 8:1 NO Intelligent person in this country can deny that big business is controlling our Government, and her policies. Thus big business is controlling the people, our lives, and our future.
To deny our current reality is blatantly assanine.
GloVermont2 2 years ago
Let me try to educate you, the current financial disaster is based on the policies of administrations dating back to Carter and its called Community Reinvestment at the expense of good economics and banking and common sense. Banks have been forced by the govt to loan money like never before in the history of banking at 100% of the loan with no documentation or proof of income, with only minority status. And because of this its the private sector going belly up and govt growing by a 1000%
Spurgeon123 2 years ago
Comment removed
GloVermont2 2 years ago
capitalism desn't mean big government centralised beauracracies..communism does ..
anyhow communism wa funded by wall street bankers ...fact
google : jacob schiff + communism
mmunisim was created by the eltist europeans to steal private property and gove it all to a faceles state..
kdcruz75 2 years ago
This is it. Our way of life is over. Welcome to the New World Order.
cicatrixta 2 years ago
i'm a squatter! ..yes i know i am braking the law,but i have to live somewhere! ...to eat i go fishing and some times i steal pizzas from the pizza man...ha ha
cycosteve2006 2 years ago
important! please youtube or google "mike montagne" mike's theory of mathematically perfected economy reveals the true cause of the current collapse and how it CANNOT be avoided! We are at the end of the terminal cycle of debt sevice as percentage of total circulating money supply. please watch all 20 of mike's vids in order on the playlist. your understanding will be greatly increased and your eyes will be opened, guaranteed. He also provides a solution! powerful stuff.
debtfreecurrency 2 years ago
Thanks for the heads up.
cicatrixta 2 years ago
Damn, What a hole.
lovedastench 2 years ago
Great job on the videos George, I enjoy hearing your insight on the economic situation. Keep up the good work.
Globalflavor 2 years ago
good one george
TeslaGenius 2 years ago
Sub-Prime fiasco.. and in the 90's our jobs left this country, still tryin' to see what/who let that happen.. in the 2000's Bush kept us busy w/war and passed extreme laws w/the help of the Congress as the Judicial sat back and let it happen..
We need to get busy and put some people in power that can give us our country back before it's too late..
Dewdaahman 2 years ago 3
I believe that local Planning Boards have some blame in this fiasco to the extent that with no permit there is no building.. overbuilding inpart was due to granting too many building permits, which sends the ball into the court of the Town/City Managers office which is charged to manage growth.. but then again, without the free money in an inflating bubble flowing like mana from Heaven a great majority of these permits would never have been sought.. 1990 end of Glass-Steagall Act began this
Dewdaahman 2 years ago
U the man!
vivaszapatas 2 years ago
If I had to choose between sleeping on a park bench and an empty house.
I choose the latter.
It is not the squatter's fault entirely.
We as a society have failed them. Sure, some will always fall through the cracks, but I am positive if you surveyed these people. You will find it is because of their ignorance and conditioning that they are where they are.
You can say that ingnorance is no excuse, at least the law believes that, but I believe the problem is rooted at family and community.
SystemEvolve 2 years ago 2
Absolutely. Wait.. Wait Wait before purchasing a home in this environment. We have so far yet to go in this real estate collapse. Wait until things have settled and the market has started to improve for a while. It will not shoot up like a rocket - so you won't lose much by missing the bottom by a few $s or a few months. It is not likely to happen in 2009.
eighteenin78 2 years ago
Squatters have kids.
odin422 2 years ago
George is right, this is just the beginning when it comes to foreclosures. Many states take up to 12-18 months to foreclose on homes so those states will be delayed in the price fall until this year.
controlpopulation 2 years ago
Squatters are humans too.
odin422 2 years ago
Tweeker town.
odin422 2 years ago
George I am in an RV because I figured out years ago: If you are going to own land you must make it produce something. If you have local ordinances and property taxes you never own the land. Some local people in suburbs wanted to have small hen houses for... food. The local elected officials wouldn't allow it. Idiots! The politicians control your land thru zoning regs.
ghosty426 2 years ago
Miami is doiung the same thing, levy on property that is not kept up.
TheCassandraReview 2 years ago
Only issue with Rv is tornado bait states like Kansas etc in the Spring. But you can go to Canada or East. There are RV camps that even offer work or free hook-ups. Gas prices will hover @ 1.7O a gal according to Illuminati insider Lindsey Williams.
ghosty426 2 years ago
George Motorhomes offer much more protection than a tent. As I said, I got a good deal on mine. It's an older unit and I paid $5 thousand for it. Been Rving for over 3 years. If I would have rented an appt i'd be living under a bridge or in a tent or both. Avg appt rental for family $800 per mth nothing under 500. Check Craig list or ebay to buy. Check states that aren't hit for housing. Check rich states.
ghosty426 2 years ago
great advise - thanks
george4title 2 years ago
nice vid george well informed it would be great if you could talk to more people in the retail (on the front lines) thanks
HomesteadAcres 2 years ago
Thank God I live at the beach in Florida.
32937isready 2 years ago
code enforcement fines will just make the bank owners let the city take them for taxes. The banks are not giving mortgages to families - just the rich with cash can buy. Problem, - is will the investors be able to find people with money to rent? In Florida, the foreclosed homes are having their copper pipes and anything sellable ripped out. One Summer without the air conditioning means mold violations/contamination. Get family owners in fast or face instant slums.
macpduff 2 years ago
hi from NZ. what is code enforcement?
chevyvictor 2 years ago
'If disorder goes unchecked, a vicious cycle begins. First, it kindles a fear of crime among residents, who respond by staying behind locked doors. Their involvement in the neighborhood declines; people begin to ignore rowdy and threatening behavior in public. They cease to exercise social regulation over little things like litter on the street, loitering strangers, or truant schoolchildren. When law-abiding eyes stop watching the streets, the social order breaks down and criminals move in.
brettrobson1984 2 years ago 3
very true comments.. hopefully many places never get this bad.. As unemployment increases things will only get worse and with the state of california on a TAX increase frenzy..to save the pension system..
. Businesses will leave this state In record numbers and things will decline rapidly. Thanks arnold and Octo Mom for all your help
aceyorba 2 years ago
This looks like my old neighborhood in Ontario, California. Except the houses were not as big nor nice looking. Neighborhood in the video looks nice still. And some of the houses too.
powermousey 2 years ago
The Economy cant come back, it was all borrowed.
keithholden 2 years ago 3
Its happening like my video, peak oil and possible outcome.
keithholden 2 years ago
The US is still consuming without savings. There's no way the US can come out of this mess unless the USD IS DEVALUED.
hktraveller 2 years ago
some people will get some good deals if anyone still has a job to buy them,even to buy them to rent..Who can afford to rent one of these.
xsleef 2 years ago 3
housing is up 22% in feb
BIGBOYREDGIE 2 years ago
Banks and Real Estate agents talking it up, BS
chevyvictor 2 years ago
My friend in Aqua Dulce said it is like this where he lives. Sad.
PariahOfTheKOHLM 2 years ago
Agua Dulce? Now that's a surprise. Isn't that where horse-owning royalty goes to?
sitonapotatopanotis 2 years ago
Yeah i agree the housing sector will remain in the shitter but i dont think well see another Great depression. If we are lucky and the economy stops the massive jobs losses per month then late 09 the economy stimulus will kick in and yes we could stop the bleeding . Whos knows but i think the economy will come back in 2010
edgarneil 2 years ago
even IF the economy comes back, it will just create a new, bigger bubble.
Krampfarsch 2 years ago 2
Seems you haven't researched this at all. The US has basicly been non-stop binge drinking for the last 10 years, now it's time for a big ol' hangover.
johan404 2 years ago
What aare you thinking? Sooner or later all the fake money has to be reconciled. You speak as if the stimulus money is not more debt.
Just wait till the commercial real estate collapse. It will dwarf the residential real estate collapse.
China is buying energy all over the world as we speak they are spending like an American at a black friday Walmart sale.
Why? Because oil is not unlimited. Cheap energy is enjoying a final boon. In a few years the party is over for real. BYE suburbia.
GloVermont2 2 years ago
Great video. You're one of best on YT covering this stuff from the street level.
p717 2 years ago 3
it seems as if you are running out of material to keep your audience scared... hehe
kotalian2 2 years ago
Wait a year or two and you'll lose the smirk on your face.
curiousEGM 2 years ago 3
Great Reporting George!
Maybe they will need the fema camps for squatters and the homeless? In oregon unemployment is at 10.8 "they say", up from 8.5 and january and 5.6 june 08
AR15Truther 2 years ago
yes!
Debtors camps, illegal immigration detention, quarantine facilities....in more ways than one. Even perhaps job placement servcies to work in the camps for room and board too.
powermousey 2 years ago
Another good report from Cali George, I could easily imagine that in a couple of years, wildlife will start reclaiming some of these petrol-superburbs that are turning into dead zones. Maybe even small hunter-gardening communities forming there and using these houses for shelter.
yourSaheeb 2 years ago
george watch the end of suburbia and learn about peak oil you wont understand how bad things are until you do that .
at the moment the iceberg hasnt hit .
basically where I live in the uk the town was designed before the car its walkable so you dont need a car we have trains and buses .
much of the states depend on the idea of the car citys were designed for cars , as oil gets scarce they wont function .
it may be a hard concept to get your head around , but thats the iceberg
bearsagainstevil 2 years ago 3
Good report. Very interesting. Thank you.
slobomotion 2 years ago
Do the Banks still have to pay Property taxes and School Taxes..I wonder how that works? I would guess that no homes have been reassessed lower for Taxes.
Rizky06 2 years ago
The Bankers/BIS will tell the Fed to increase H1B Visas so they can have waves of Asians/Foreigners buy up these homes.
Rizky06 2 years ago
I could see some equally economically challanged countries foreigners moving into these houses from abroad but not from China or India or the like, people there are buying more cars for the same price as here and starting to live a generally better life. The US is probably descending to resemble one of its sister latin american countries economically speaking.
yourSaheeb 2 years ago
If we continue to obey the law of the water & this is what will becomes of the rest of the slaves.That are employeed by the coporation of the United States.We are nothing more than a form of currency to the United States of America inc.
ShawnChalanT 2 years ago
good reporting and even some analysis - I liked it.
hnsbro 2 years ago
i have been living in a few bankrupt houses in vallejo,ca....i still work but i am saving my money and in a year or two i will have enought money to buy a dead house!
cycosteve2006 2 years ago 3
Very resourceful of you! You're tough to stick it out, there.
slobomotion 2 years ago
thumbs up!
chevyvictor 2 years ago
Because this country is currently UPSIDE DOWN . I have turned my license plate upside down on my car until this country is restored to its original Glory...spread the word.
Paris is the HUD capital of the world
aceyorba 2 years ago
What is a squatter?
r3alist123 2 years ago
Glad it isnt this bad in New York. I havent heard anything like this here... yet. Wish you all in Cali the best. Im originally from San Bernardino, and I hate seeing it like this out there. Thats weird though, Orange Couny CA. Had a HUGE housing boom at the SAME exact time Orange County NY had one. It was estimated between 1995 - i believe 2003 or 4 there was 300 - 500,000 new homes. 2007 it all came to a stretching halt. Now we wait, and see I guess. No work this end so....
Dt0x75 2 years ago
Why don't you move to new york? You seem happy when you went on vacation to new york. Cali is bringing you down!!!
nycman247 2 years ago
i lived in chula vista in the early 70's. it was beautiful then. i bet its crap now eh george. gonna be real bad next winter.
llshamelessll 2 years ago
George, people east dont know what a tag means. The red tag comes to mind. The banks dont even try to negotiate. Overnight 40 cars here were keyed. Why is it no one can put these neighborhoods back together?
turboredcart 2 years ago
OBAMA will save US no worries.....
Docthewrench 2 years ago
LOL as long as by "save US" you mean "**** US"..
sirachman 2 years ago
Hey george I heared you mention something about you bieng from NYC.......why did you leave for LA LA LAND ?
GrandPuba2OOO 2 years ago
Hey George give me a call about RVs and living in them. There are groups of Nomads on the open roads.
ghosty426 2 years ago
another great video george! thankZ! keep it up!
onewingedsky 2 years ago
They're even evicting the tent city residents in Sacramento, CA.
tbdy75 2 years ago
I'm so glad you're back to reporting, George. You just have such a pleasant personality, and your reports are always very interesting and up-to-date. I hope everything's going well with you and your family.
SunandaShower 2 years ago
thanks
george4title 2 years ago
yo that area's spooky
PayChkSlaveRebellion 2 years ago
Calm before the storm, crises from U.S. is spreading throughout the world. It's harsh time now!
triballeader87 2 years ago
Nothin but a ghost town!
sludgedozer 2 years ago
i was always hearing, buy a home, friends and family telling me to buy one, even in the media, it was always saying "why rent when you can buy?" 2009 was supposed to be my year to look in to a fixer upper home, until the bailout last year. now all i have been hearing in media "dont buy a home, its better to rent" well now i have an RV, im good to go. thanx for showing us what they wont show in montana
keepinthfaithlastday 2 years ago 2
i'm shooting for an RV too
george4title 2 years ago
George great work, thanks for your videos, I never see reports like those you do on my local news channel.
pomnew 2 years ago
George,
You seem to gain more and more weight in every video you do. Maybe its time to stop going to the DOUGHNUT store.
drakan58 2 years ago
Hey first George isn't overly heavy second there is a strategy there, whatever weight he has put on is for any upcoming famine. So while your skinny ass is wasting away George will have some fat to live off of and live longer then your punk ass.
valhala56 2 years ago
now thats funny!!!
drakan58 2 years ago
I'm, up to 218 - need to get down 10-20
george4title 2 years ago
sense of humor i seen the funny side.
chevyvictor 2 years ago
Thanks for the video George.
Maybe 1 out of every 2 homes there should be burned down and then the lots combined so the homes will have more land.
starlitopensky1 2 years ago
Well done
tinafiedler1 2 years ago
Can't go wrong with more food and water. Stock up people. Minimum of 6 months per person.
Hopefl1 2 years ago 6
kinda stupid how they would build so many so far out of town plus it doesn't help that they make you pay more money by code viloilations you would think they would want them to stay in the house even if it looks like crap much more lyniant in my state i've been repairing the fence for a year looks pretty bad and sometimes i have a car sit for awhile when i working on it and still no complaint's what so ever
dunn98632 2 years ago
"Graffiti" was something done by American citizens back in the 50's. Please call it was it clearly is today: "tagging"
AmericanFabricator 2 years ago 3
Citigroup make again profits in the billions.
Home buildings went up 22% this month.
Is the crisis over?
llothar68 2 years ago
I heard on the news that most of those "homes" being built are in fact new apartment buildings. Makes sense, because more and more people are going to have to go back to renting.
hamsterama 2 years ago 4
After deflation, comes what we called the normal old days, then is when you should be worry because is the indicationfor the Hyperinflation. All this because of mass of priniting of new paper money and bonds. Sad...
SilverRose09 2 years ago
The calm before the storm...
teewillis1981 2 years ago 3
22% compared with what I would need to see the break down in these numbers
george4title 2 years ago
22% compared with last month numbers.
But yes, this is still a -40% to last years numbers.
llothar68 2 years ago
looks like moreno valley houses are as cheap now there as the 1980's when my parents moved there. glad to be in san diego now
YKAEYA 2 years ago
moreno valley is the next shoe to drop in the inland empire...
Beware when shopping there...Gangs patrol the parking lots and break in to steal new purchases - they quickly return them w/ receipts for cash! happened to me
george4title 2 years ago
The cops should do something about those gangs of college-educated Korean and Filipino gangs.
sitonapotatopanotis 2 years ago
Average price of a American home in 1930
7,000
Average price of a American home in 1940
3,500
This depression is 1000 times worst than the one in 1930.
boots920 2 years ago 3
Wow. One home in Anaheim which hit over $500K was short sold for $170.
Hopefl1 2 years ago 4
Great on the street reporting , Thanks George
5 STARS
pinkfloydmoon 2 years ago 2
George, you're doing a great job of on-the-scene
reporting. I'm glad you and other youtubers are out there offering reports and commentary like this.
OgeronimonominoregO 2 years ago
nice vid
jonojojojonojojo 2 years ago
All big cities follow the same methods of decay. Kinda like the stages of decay of a corpse. Subtle at first.....
ghosty426 2 years ago
Georgism is a great solution to this. Google it.
Malasubidude 2 years ago
Los Angeles CA has been known for sky high real estate prices and maybe this recession will bring prices back inline with the rest of the country. Those were some nice looking houses in your video, very much like my neighborhood in North Dallas, but I suspect they are double or triple the prices of similar homes in Dallas and other parts of the country. I hope to see you on BlogTV tonight to talk about the real estate market.
chrisficki 2 years ago
A Dead Zone and an old west ghost town have a lot in common. Squatters will strip the houses of copper pipe and wire. Bathroom furnishings gone etc. The next group of Squatters may be worse with crack problems. They are the real sqatters because they get a better rush smoking and shitting anywhere on the floors.
ghosty426 2 years ago
Great report....keying on an issue the main stream media is not paying attention to...keep up the good work on this...
destinedforobscurity 2 years ago
Is there an industrial park nearby? What that place needs is an industrial park & a good industrial commissioner to go get some industries.
It would also help to have some cheap industrial / warehousing space for start-ups.
Ape65 2 years ago
around 50,000 souls and no local economic engine...hmmm
george4title 2 years ago
Here on the east coast ppl just do not get it, in my neighborhood ppl are buying homes on the current suckers rally and the shocking part is they think they are buying at the bottom. I guess they do not understand basic economics and bubbles. What starts on the west coast makes it's way to the east coast and I am starting to see more short sales and foreclosures. This time next year the east coast will start to resemble California.
lizadfuel 2 years ago
people need to be careful when buying highly leveraged real estate...
george4title 2 years ago
they dont want comps and appraisals setting the prices at forclosure prices... thats why they hold off.
psbyowner 2 years ago
yeah that's what they say but something more sinister re: the bailouts make more sence
george4title 2 years ago
A suburb of a suburb = an exurb?
Peridolin 2 years ago
bloggin' tonite?
imitator777 2 years ago
cuting back on blogtv
george4title 2 years ago
Thanks a lot as always!!
unworldlything 2 years ago
Thanks for the video George. Buy a gun and move. Those "squatters" are most likely local gangs. I would not want to buy a house in Paris, CA. I might get shot in the back of the head by bangers while watchin' the evening news in the living room--F*ck no.
wwe107 2 years ago
I think I saw 2 - looked like individual drug users - probably beat the street
george4title 2 years ago
looks like Compton
tsmith2187 2 years ago
good ideas george, keep it up, i think this the best way to get a feel for whats going on you have to look around. connect the dots.
s2ktrance 2 years ago
George: You should see Lancaster and Palmdale. Avenue I in Lancaster looks like a war zone. Great info. *****
TheDudeJeffCanuckski 2 years ago
I used to live near 40th st W and Avenue J. AV resident for 18 years, glad to be out. Lancaster-Palmdale is a pimple on the ass of Southern California.
sitonapotatopanotis 2 years ago