Have we hit a bottom in housing? Are gas prices going up? 2011 Part 1

[hstone39]

The housing market will keep going down and those foreclosed homes are being kept a secret from the public. Gas prices did go back up after that little dip it had. Who knows where it goes from here?

[MarkAllenChannel]

The teens will get around to vandalizing all the vacant repo houses. Anything that sits long enough vacant will get messed up. If the economy doesn't improve with the next couple years, you're talking about a huge number of homes that can't be put on the market. Once the banks get around to fixing them, the prices for materials will have dramatically increased. So, my thoughts are that real estate has to be near bottom, because you can't price houses below the cost to replace them.

[RockTheOcean4me]

Wanna talk about my turtle Franklin again. He's kinda shy and slow but has a tough shell and is a real surviver, I like him, he's wise. We were watching your video and looked each other in the eye after that for a while. We decided to say: George, go for silver and also get some information about stamps. Last thing requires some experience and may sound funny but prices are increasing. Esp Chinese ppl and stamps are going crazy. That was all actually.

[onetwo3349]

Even if you get a great deal on a home you still are on the hook for taxes, insurance, maintenace, HOA fees on it. New Jersey has an average property tax of 9 K a year. So someone can tive you a home but you're still a slave.

[NickBravoReturns]

I see a pretty intense classwarfare going on. There are people still living in mansions, driving fancy cars, wearing designer clothes, hanging out at starbucks and looking down with utter contempt at people who have been hard hit and do not have what they have. The excuse is "those poor people are poor because they're lazy, criminal, uneducated, etc". The people still able to live well think its a great economy, there's cheap real estate to buy and an overflow of cheap labor.

[NoLimitsTV1]

That is my gut feeling too keep the vids coming.

[Cyrus992]

Is this 2011?

Shouldn't you videos title be 2012 instead? 

[EWOKCAD]

@Cyrus992

Nope its 2011. Your in the matrix if you believe its 2012. :)

[mja2035]

I think your right G4T. I enjoyed your words of wisdom today.

[DuvallSilver]

2:50 plane overhead.. reminds me of watching Sunday afternoon golf tournaments hearing the plane fly by overhead. must be a surgeon enjoying a Sunday flight with the family

[DuvallSilver]

you ve got strong eyebrow muscles

[sn9696]

I also think the banks are not finishing foreclosing to keep the numbers on foreclosures lower!

[sn9696]

The complex i live in, out of 120 condo units about 60 are empty. The banks could care less about finishing the foreclosure process even though there empty! Some units have been empty for a couple years.We get screwd because the banks are not paying the monthly maintenance fee which is used for eltric for the street lights,cutting the grass,ins, etc etc! When the banks do finish the foreclosure process they can chose whether to pay 6 months of back maintenance fee or i think its 2% of value.

[sn9696]

And we do have a few people who want to buy but can't because the banks are siting on their hands! i bet if the banks had to pay all the back maintenance fees they would move quick ! if i didn't pay my maintenance fee the condo association would foreclose on me and get 100% of the maintenance fee plus late fees. The banks are getting away with to much !

[DIJV79]

No George we are headed into another foreclosure wave in 2012-2013 and then I will BUY! BUY! BUY! The old J.B Hunt truck driver was right "Stack yo cheese kid, weez about to getz deez houzes for penniez". I just thought he was a thug but he was right. Now I just sit back and watch it all crash and then like any smart investor I move in for the kill.

[lindabebe835]

you are right about housing prices. you will see more activity in the next couple of months or so bkz people will have their tax returns. hopefully many of those people still have jobs and don't use the money to sustain themselves.

[peterjol]

Hey George ...talking about houses...if you have a bit of land, look up a you tube vid called...Greenhouse system earth - sheltered housing. .....Seems like a great idea if the modules don't cost too much.

[SuperGozzy]

house aint hit bottom yet and gas will hit 7 a gallon soon

[danielvincentkelley]

Far as real estate goes, dig yourself a deep hard bunker far out in the wilderness and test your air before ever going outside. Bring an ecosystem in your bunker if you're real smart. Sand bag dome in a hole beside a tube for an entrance. Cover it over. Cow poo bacteria methane gas digester fallen leaves to generate gas for a burner to steam water to spin a steam turbine to generate electricity. Run some UV lights grow algae for oxygen. Might also mirror sun light into your subterranean lair.

[TheCOMMONSENSEMEDIA]

It does NOT matter what houses or gas prices do, the fact is we are so deep in debt as a nation (world) it is unbelievable that some people really thing things are going to pick up. Even if they do I assure you it will be short lived. How can it not be?

[danielvincentkelley]

The banks are bank on miser status, refusing to lend to anybody carrying risk. So many people just bashed their credit history on Adjustable Rate Mortgages. Home sales will be in tatters til this generation pays off their college bills and credit cards. Which might be never considering Fukushima is going blackhole Earth with a nuke melt down raging almost a whole year. 230 tons of nuke fuel melting to the core of Earth so far, building density daily.

[danielvincentkelley]

We have not hit the bottom of housing bubble burst. There's about to be a population crash, then a tyrant take over of society largely. We're going to become a slave camp society. Buying houses is for city folk. You don't want to be a city person in the age approaching. You need to be able to make underground bunkers to survive where the US is headed. Last I heard there's still a million foreclosures a year, in this housing market. Plus something like 1/10 housing units empty.

[lookatwhatic]

bottom out when you can purchase a home for less than 100 ounces of silver, lol

[seen]

Someones on point.

[a10fjet]

The question is flawed: Is housing going to go up or down COMPARED TO WHAT? money is the oil that lets all the gears and cogs of society function.

[Erik22552]

Your gut is right. UNFORTUNATELY!! Property taxes are going up. Fuel prices will continue to rise and wages will not keep up with the inflation. They're expecting over 1 million more forclosures this year from what I hear. My house, though paid for has lost over half its value in the area in which I live. This not the time to buy a house.

[mattjaeger1265]

I agree. Housing will go down until job growth occurs. Right now lending is tight & jobs are even tighter. I am seeing a growing trend for people thinking about building on their parents or grandparents properties that have acreage and are in rural areas. I am bidding on these jobs but only a couple have actually have turned into signed contracts. Peace Out George!!!

[oellerich007]

agreed my gut is saying 15%-20% drop this year in real estate with it bottoming at 30%-40% of today's values once it is said and done 2014-2015. The majority of home buying today is like catching a falling knife. And people that do own now you better hope you are staying put for a good 10 years to get back what you put it. Once we push Iran to war we will see $5.00 -$7.00 gas overnight. Best advice find / trade a car that gets 2 Times the MPG before u are stuck with a gas guzzler.

[wolfofworld]

Houses are going way up here in AZ.

[thoughtchallenge]

Gas prices have come down since last summer, but are at a high for this time of year. Also, if we do get involved protecting the free flow of oil do you think the oil producing countries of that region should pay the costs?

As far as housing, we're stuck in this Federal Reserve delimma. The Fed has lowered interest rates to the lowest possible for a few years now, near zero percent Fed Funds...They have no more tools to grow the economy...housing won't come back until we End The Fed...

[carefulcarpenter]

I'm working at 1980 wages.  My house is worth 2X the price we agreed to in 1997. We have 50% yet to lose. If a skilled master craftsman is not working creating wealth--- what does that tell you about the elite and their dependency on indirect government subsidies?

[EWOKCAD]

George you are so real these days. Love the honesty. Its like a reality show.

[VICSWEB1]

YESSSS they will either go up or down enjoy

[raincityusa2010]

Home prices will continue to deteriorate at present levels, I live in the Seattle metro area and had a real-estate license from 2005-2009... I watched the whole thing fall apart, didn’t sell much either, but I did buy my own condo... anyway the shadow inventory, the coming austerity, and the 3.8% interest rates (which is sucking up the few eligible buyers) and the real depression which has been on hold (somewhat) from deficit spending, will drive the housing market lower...20%-30% easily

[joel1923]

I lived in Eastern Europe in the 90s. It was really bad. People there lived in ramshakle houses and had gardens. They emigrated whenever they could.

Americans need to consider emigration now. This is already happening. First people will go to countries with better balance sheets like Canada and Australia. The Brain drain will finish off the US. The US will be filled to brim with the stone stupid, the lazy, welfare queens, and illegals. Do you really want to stay and pay taxes for that?

[VICSWEB1]

@joel1923 good one get out if you can

[AZstarwatcher]

@joel1923 The problem is you have to qualify. Like myself, I don't qualify. Of course, there is always the illegal route. There are 500 illegal Americans living and working in Peru right now. Anyways, in Phoenix, AZ you can get a foreclosure for $30-40G.

[joel1923]

@AZstarwatcher I have lieved and worked all over the world. I've always done it legally. A lot depends on you. You have to understand the society you are moving to. Being white is a plus-believe me. If you're black or brown, it's harder-especially in Asia and Europe. Brazil is a plus for some, but my friends there (Brazilians) complain about the archaic tax codes and complicated business laws. Asia is great. If you have a family, well, it will be much harder.

[slobomotion]

@joel1923 I did immigration totally legally, too. It was hell but I could not see why I was so great I could break the rules.

[joel1923]

@slobomotion Honest immigartion is always difficult. I truly believe that it's like that to discourage people into giving up. Keep trying.

[slobomotion]

@joel1923 People get so annoyed when I charge them & tell them what they have to do here & then walk them through it but Krikey I am right there with them all the way. What do they want, a cakewalk? I cannot sleep knowing I have done things out of line. I want to know all the crud, no matter how complex. Getting into Europe is like a closed thing. I am astonished more people don't take me up on my help but most of them are penniless losers. My best to you.

[bullsnutsoz]

@joel1923 Man all I can add to that is ouch!

[slobomotion]

@joel1923 This is why I have become an expatriation consultant here in France. A lot of Americans just refuse to wake up and smell the coffee.

[onetwo3349]

@joel1923 no I'd rather stay in a country with millions of acres of empty land space and resources and the US has that. Why the hell would I want to live in Canada or Austrailia?

[RioAbajoBelen]

and G4T...don't forget...where I currently live, the property taxes are 20% or less than what most people are paying in the urban areas of California. Yeah great weather, blue skies now and then, yadda yadda...but can people REALLY afford to live in California short or long term? That is the 20 million question?

[joel1923]

@RioAbajoBelen Short term is running out as an option. Long-term, Cali will be absorbed into Central America. Third world standard of living, and crime will be out of control. I've lived in Latin America. Fun to visit-if you don't get murdered. But otherwside, no place I would want to live permanently. South America is a possibility. Especially if you are white. (True.)

[GodsSignwatcher]

With what the EU has done today with sanctioning Iraq on their nuclear program, I expect Iraq to close the Straight of Hormuz thus pushing up oil prices YET again. It's coming folks. They are predicting $5 a gallon gas again.

[RioAbajoBelen]

My friend the NorCal area (my old home turf) is not hitting the bottom yet. Of course, the bottom in those people's minds is still way above what they should pay. The house my family purchased for 90k in '78 went to over 800k in 2007. Zillow says it's worth 431k. Is it really? BT Barnum said there is a sucker born every minute. In terms of real estate...every second! No one thinks about paying off their house anymore. That's the issue. My financially conservative ways have saved my butt

[joel1923]

The collapse of the dollar will mean hyperinflation. The process will accelerate this year. People talk about gold and silver saving them, but if you look at history, even that is not enough. German families were trading the family silver for food after World War One. Food. They didn't even come close to getting the market value of that silver, either.

Food storage would be a better investment.

I don't think the US will collapse Madmax style, I think it will become like 90s russia.

[mrzack888]

everything going down, go see harry s dent, it will be deflation not inflation. dont buy gold/silver. hold us dollar cash, be safe.

[HatchetForce5]

The title to your house says you are the legal tenant...not home owner...

[Bugs11000]

When the economy will crash, the world will run at the banks, at the same time, the same day. Sheeples will buy silver and gold contracts, without knowing that they are being screwed. When the sheeples will see that these contracts have no value, they will run to the banks and dealers to have the real physical silver or gold, then we will see the real price of silver and gold, and beleive me, it's gonna be extremely at a high price. With my physical silver, 150 oz I plan on buying a small house.

[westin1985]

California is about to pass a bunch more of taxes. That will drive business out of california. More foreclosures on the way in California.

[westin1985]

government still has to down size. This downsizing will start a new wave of foreclosures.

[Bugs11000]

My friend, this is a get rich fast opportunnity time we are living in, for the ones that know, like us. Like Mike Mallowney says,'' This is going to be the geatest wealth transfers of all times'', and we are living it. It would be mostly unfortunate not to profit from this occasion. Those that saved some silver and gold, the physical stuff, will become very rich.

[powergirl901]

With Fannie and Freddie bankrupt, who or what is going to step in and save housing? The biggest employers in the country are cut-rate, fukin stores fer crissakes...who don't offer anyone either high wages or full time work! No it doesn't bode well at all. The entire reason why prices remain high is that the banks are so corrupt, they decided not to foreclose on all the inventory. Prices would tank if this were to happen. Something like a quarter of all homes in America aren't current on payments

[valhala56]

Don't worry Georgie, Things will pick up in Spring when the Occupiers come out of their Winter Hibernation. As things worsen the people will take to the streets again Protesting Protesting Protesting. I got a feeling 2012 is going to be some very exciting times. Enjoy the lull now.

[yaplonglong]

Never, ever leave your kids out of sight, especially in America

[joel1923]

Remember: when you buy a home in the US, you take on the local municipal debts. You never truly own a home in America. You rent it from the US government. I got tired of having to pay extra taxes, bonds, etc. to build new schools "for the kids." "For the kids" has been abused for too long in this country. Let the parents pay fees. If the students are illegals-deport them. Period.

I'm beyond sick of it.

If you like paying for illegals-by all means-stay in the US.

[SMprepnNancy]

@joel1923 DITTO, But moving to an area that is low density off grid may be the only way to avoid the slave game.

[joel1923]

@SMprepnNancy Try North Dakota.

[george4title]

@joel1923 so do you rent? and don't you pay indirectly through your landlord?

[joel1923]

@george4title Renting means that you don't have to pay repairs. Try to rent short-term. Rent a small place. Own as little furniture as possible. The American dream is DEAD.

The best thing to do is buy a cheap house outside the US. It can be done. Most countries have low or no property taxes.

Funnel money out of the country and use it to buy gold and silver. Place that in a foreign safety deposit boxes. Also, bury some of it on your foreign property. Do all this legally.

[slobomotion]

@joel1923 We are kicking ourselves. We found a great studio apt for sale in Selestat, France (Alsace) for 13k euros in early 2010. The upkeep on the place was tiny and the town has everything to please and is near Colmar, which is a world class city. Real estate as investment is tricky here but very long term, even though rental you should never earn a lot for tax reasons, that would have been a good buy. Real estate is generally very cheap in France.

[joel1923]

@slobomotion I had the chance to buy in france in the 90s, like a fool, I bought in America instead.

[slobomotion]

@joel1923 People LAUGHED at us for paying cash for our apt in Saint-Denis in '94. I knew this American black guy who had an apt here in Le Bourget he sold in 2007 and he went back to NYS and bought a house there! I warned him not to do that. He is in the soup, now. His French real estate was solid. He just hated France big time so maybe it is best he left, I dunno. When his relationship failed he threw in the towel here. Dumb, sez I.

[joel1923]

@george4title At this point, you'd be better off in the Phillipines, George. I went met a young Phillipino collge grad on a training program in France and she was squared away. She was from an upper-class family and attended private schools in Manila. The colleges in the Phillipines are good. She went on to complete a Master's in Europe. Leave America for your family's sake, George.

America is dead, George.

[joel1923]

@george4title If you rent, you can leave if they raise the rent to pay higher taxes. If you're single, think about having roommates. They can be trouble, but there are a lot of decent people out there. Some people will rent rooms out to clean, decent people.  I was offered a deal on a garage apt. in a posh area because the owner liked the college I graduated from...

I pay my mother's property taxes. Taxes are sky-rocketing because local governments are BROKE.

[joel1923]

@george4title George, Ilive outside the US. I only visit The US to see my mother and friends. Shopping is much cheaper here, too.

[markymarkuss777]

@george4title @joel1923 I'd like to know more of what you experienced in Eastern Europe Joel. How long were you there? Were there major similarities between what you saw there in the 90's compared to what you see here in America?

[joel1923]

@markymarkuss777 I was in different parts of Eastern Europe throughout the 90s into the early 00s. The farther East or South you went, the worse. Russia is a bizarre place. Loaded with natural respources and it collapsed completely. I blame the russian charater. Americans are much better people than russians-even in their current degraded and demoralized form. It boils down to national charater. Charater is more important than natural resources-look at Singapore.

[joel1923]

@markymarkuss777 America still has vast resources, but if the American people don't get their act together, it's over. Really.

[kryogenikz]

@george4title Your looking young and trim man. Good work! Glad to see the energy and great insight!

[joel1923]

No. Housing prices will fall a lot farther. The US is going through structural changes: de-industrialization, a shrinking middle-class, unchecked immigration which undercuts wages, spiking property taxes, a collpasing dollar, and rocketing crime rates will drive homes down to Detroit levels in Cali. (Or any state which borders Mexico or has large immigrant communities.)

[ScrapGoldBusiness]

Good video. Your looking lean!

[george4title]

@ScrapGoldBusiness thanks

[65616larry]

yep , the housing market is not near a bottom, No jobs high inflation, this stupid system will crash big time, but i think also ww3 will factor in to this Crash, they are most likely doing every thing possible to keep system on a thread untill after the election

[charlesfuchs]

There is about 5 more million houses that will default in the coming years. Lots of Shadow inventory out there.... However, If I was most of you right now, study real estate right now, you will be able to take advantage of this in the coming years. Get educated people... You guys can live in fear and hide or become educated and learn the cycles.....

[george4title]

@charlesfuchs what is your general opinion on buying rental property in las vegas? lot of people have been asking about that one. how the job outlook in nevada?

[joel1923]

@george4title LV will soon be given back to desert.

[charlesfuchs]

@george4title I think the job market will be bad everywhere, its not coming back soon. As for real estate, I dont think its time to buy now, i would wait like 2 years if you want to buy all these real cheap. Myopinion is this, it really don't matter what you buy it for, its the cash flow. Rents will increase and everyone will be renting the next 8 years. Bank will also be more strict giving out loans. I am really looking into apartment complexes, these are real hot, if the cash flow is right

[ArizonaPublic]

You better go check and see where your kid is, In the restroom for the entire length of this video.

[slobomotion]

@ArizonaPublic I never got your PMs. I never had your email address. I am easy to reach via my website and can email you back. My best to you, good man.

[SMprepnNancy]

Iran has lost 60 percent of the currency value. If you bought 7 million rials with 1,000 US dollar 3 months ago, the same 7 million can only fetch 393 US dollar today.

Same thing is happening here. punish the savers.starve the rest. print till the shtf.

[moviematcanada]

@SMprepnNancy

When I lived in Brasil in 1991 in less than 3 months I saw the exchange rate go from 1:600 to 1:2,300.

Inflation rate was over 3,200%

Credit Card rates were 35% per month!

Mortgages were no available...period.

Lots of lending going on but mostly in US dollars and done privately...

The same storm is now brewing for the rest of the world.

Lived it, Seen It, Ready for It! Again...

[SMprepnNancy]

7.50 hr min wage thats if you will fight 500 people for that job. doctors, teachers, city/state workers are the only thing holding this crap together. these crappy cities will lose the cops and firemen.

resulting from the the bankrupt domino effect in ca. those that can are leaving in the droves.

12-18 percent down again. ever read doctor housing bubble? its ok just spray us, we dont care.

[george4title]

@SMprepnNancy read an article about bankrupt doctors across the country. many private practices are going bad and doctors often have high expense lifestyles

[SMprepnNancy]

@george4title most likely head doc's that got the state funding cuts?

[tradewinds77]

Saudi ARAMCO just set the world price at $100/bbls! Inflated USD$ will drive up energy cost & drop the real estate markets to rock bottom [2nd correction is now due after the Greek Bond default]

[tradewinds77]

There are still a bunch of "toxic" commercial & residential items on & off the books! Gasoline will surely hit $7/gallon by July 4th!

[RealRickyRoss]

With all the manufacturing and production jobs sent over seas, we are screwed...

NAFTA = DESTRUCTION BY DESIGN

[slobomotion]

I recommend the SunShine8308 channel. I have no connection with this guy just except for long distance comments and observations. He just moved from Canada back to the USA and is really surprised about high food prices in the US where he is and also lack of choice. Good video, uprated, I appreciate your take on things even if it is extemporaneous, as my own clips usually are.

[markymarkuss777]

@slobomotion I also have a friend in Canada who says she only pays about $1.21 per gallon of gas. Is this right?

[slobomotion]

@markymarkuss777 Hm, I could not say. I would say ask Traitorsbeware and Sunshine8308. Gas isn't even preferred in France, we run on diesel and cars here can run on grease. We tried our on that, it worked fine. I am not up on this, sorry.

[70short]

housing in oregon is still high like 2000 sq ft for 250 k when it drops to 180 then we hit bottom 1500 sq ft selling for 200 k it will fall to 140 k

[ArizonaPublic]

Consumption of construction materials are on the rise here in the Phoenix area.

[SMprepnNancy]

@ArizonaPublic consumption of state resources are up too!

[ilovety65]

as for housing,it's going down from what I see.Just got a great deal on a home with a pool.

[slobomotion]

@ilovety65 Hiya, I am glad to hear that!  Your comments to me have been really nice and I think you deserve a nice arrangement!

[ilovety65]

@slobomotion thanx so much!We live next to a spying neighbor now,and can't wait to move.Lots of kids in the new neighborhood, and we can ride bikes to school.We don;t travel or do vacations,so the pool will be great for my son and his friends,and me too.Hope you are well.

[slobomotion]

@ilovety65 Try to think longterm and about your daily life. I just don't like to live in fear or negative stuff but I have to call a spade a spade. As a kid in Ohio, pools were like a slice of heaven. My French spouse thinks I am nuts I like swimming and pools so much! xo

[ilovety65]

@slobomotion yep.I'm DONE with the gloom and doom.

[ArizonaPublic]

@ilovety65 - me too!

[ilovety65]

@ArizonaPublic looking forward to more of your vids!

[ArizonaPublic]

@ilovety65 - Thanks! - Did you see the latest BBQ video I put up yesterday?..Lots of people say they don't get my new video alerts so I thought I would ask....If not, just click my username, It's featured on my channel....Thanks for your support!

[slobomotion]

@ArizonaPublic Did you send the fifty bucks to James?

[ArizonaPublic]

@slobomotion - lol, You keep asking me the same question....(4 times now) - hahaha, I sent various PM's to you discussing this situation over the last few weeks.

[slobomotion]

@ilovety65 We have to keep our feet on the ground but I just refuse to be totally freaked out all the time. xo

[kekoa1776]

Good vid. What a peaceful place that was....Riverside or elsewhere?