@APRtunedAudi Congrats, it'll be interesting to see who rises to the top once the majority of the Alt-A and Option ARMs start resetting in Oct 2010. I don't think that this Xmas will be the most wonderful time of the year.
Just wait till the stock market crash comes in perhaps October. Unemployment will shoot through the roof and we will see gang members moving into free housing, the foreclosed house next to yours!
Oh happy Obama days! The New World Order is on a roll. Welcome to hell.
For info on preparing for the crash go to spiritwars at dot net. You'll thank me later. : )
Basic economics, if the government wants us all to make ten bucks an hour, then housing prices will fall until the average person can pay for it. How many people do you know that are collecting government money right now? How long do you think that his can go on?
Speaking from Florida; there had to be a colapse. When home prices go up 40% per year and anyone can buy one or two, even three without a job, or credit or even a greencard, just unsustainable. Everyone needs to get off the Democarat and Republican BS. It is the GOVERNMENT at fault, no party. Clinto signed the housing bill into law in 1998, Bush kept it going because it felt good. Obama hasn't got a clue. The GOVERNMENT will make it worse before it gets better. hard work & low wages for awhile.
Florida will become foreclosure kingdom when the oil reaches Tampa and then Miami. Imagine all the foreclosures of coastline properties, hotels, restaurants. A year from now, Florida will be so awful that Oregon will look wonderful.
@countryhorsefive , There is only 1% chance of the oil reaching the west coast of Florida because of the so called loop current. The high price of driving vehicles. But I think Florida is already the foreclosure capital. You can buy a house in the Fort Myers area cheaper than a car! People still can't afford them.
Liberal policy is ruining Oregon. The things that made Oregon profitable are being shut down by the liberal government but they aren't replenishing the jobs.
@dancingforrain2012 Thanks for your reply, we are not alone. So many people are facing a horrible situation. Our government and the banksters are wrecking a once great country.
Dodd and Bwarney Fwank just walk away from this. Years ago, they would have been given the ultimate punishment. And they are still scamming us with Fannie and Freddie. All those illegals that were given houses they couldn't afford... All those habitat for humility homes were heavily mortgaged by the lazy butts that got them and they took the money, stopped paying the payments then dared anyone to kick their worthless butts out. Oh yes, this will be the biggest screwin the nation ever got.
I have friend in Florida who had not paid his mortgage in 18 months & the bank had not yet started the foreclosure process as of the last time I spoke with him. Know of another individual who didn't pay his mortgage in Maryland for 1 year & the bank is still trying to work with him and keep him in the home. Why? I guess the banks have so many foreclosed homes on their books they can't handle any more. Also if the banks foreclosed all delinquent homes prices would slide back to early 80s levels
You showed those unfinished homes with no doors...wow, nobody living in there...her so cal, there are families that are breaking down doors and passing through windows to stay in homes that are foreclosed on or not finished...
Well, as I said on G4T channel, get used to it...our wonderful Govt at work...
I was just driving through downtown Fort Worth, Texas the other day, and I was amazed at how many empty retail there is along the streets. What is really sad is all the manufacturing and industry has dwindled and slowly is dying, bleeding out of here. You can tell this by some of the rail lines which have been abandoned out here lately, which a few years ago had trains running on them regularly, but now sit rusting away.
@LordoftheKaty Wow, I had not idea Fort Worth was in trouble like that. Thanks for the update. I am not seeing any of that in Austin (yet). What I can say is that Dell and 3M are a small fraction of their former selves here in Austin, but I am not seeing lots of small businesses shut down.
@MYAR15SaysImFree True:) But it gives me warm feeling thinking of the local governments trying to balance the budget with property values collapsing and local residents screaming about high property taxes. I hoping that it'll lead to quicker municipal debt defaults causing higher interests rates on government bonds until the states and the federal government are forced to default on their debts thereby destroying the bankster elite. Here in Illinois, we're #1 in the deficit vs GDP category.
This is the liberals save the trees--------Foreclosures everywhere
kevreilly7 1 year ago
@APRtunedAudi Congrats, it'll be interesting to see who rises to the top once the majority of the Alt-A and Option ARMs start resetting in Oct 2010. I don't think that this Xmas will be the most wonderful time of the year.
rayme4raw 1 year ago
90 dayz in the penal farm
neanam 1 year ago
Just wait till the stock market crash comes in perhaps October. Unemployment will shoot through the roof and we will see gang members moving into free housing, the foreclosed house next to yours!
Oh happy Obama days! The New World Order is on a roll. Welcome to hell.
For info on preparing for the crash go to spiritwars at dot net. You'll thank me later. : )
mkmason2002 1 year ago
Basic economics, if the government wants us all to make ten bucks an hour, then housing prices will fall until the average person can pay for it. How many people do you know that are collecting government money right now? How long do you think that his can go on?
777glassman 1 year ago 2
Speaking from Florida; there had to be a colapse. When home prices go up 40% per year and anyone can buy one or two, even three without a job, or credit or even a greencard, just unsustainable. Everyone needs to get off the Democarat and Republican BS. It is the GOVERNMENT at fault, no party. Clinto signed the housing bill into law in 1998, Bush kept it going because it felt good. Obama hasn't got a clue. The GOVERNMENT will make it worse before it gets better. hard work & low wages for awhile.
777glassman 1 year ago
This collapse was planned for On Dec 23, 1912
All the bull shit wars, depressions ect - Social Engineering
1971 - Nixon Shock - See any country protest the US dollar as funny money ?
The American people are going to lose it all, the land, the people, the country will go Zimbabwe
boots920 1 year ago
This has been flagged as spam show
We have chemical Ali as our president.
-chemical Obama that is.
What can we expect? other than total destruction.
kmuthart 1 year ago
Florida will become foreclosure kingdom when the oil reaches Tampa and then Miami. Imagine all the foreclosures of coastline properties, hotels, restaurants. A year from now, Florida will be so awful that Oregon will look wonderful.
Thanks for the video.
countryhorsefive 1 year ago
@countryhorsefive , There is only 1% chance of the oil reaching the west coast of Florida because of the so called loop current. The high price of driving vehicles. But I think Florida is already the foreclosure capital. You can buy a house in the Fort Myers area cheaper than a car! People still can't afford them.
777glassman 1 year ago
@777glassman You know, I do hope you are right about the 1%, but nothing will stop the toxic gasses, methane, benzene, hydrogen sulphide, etc.
countryhorsefive 1 year ago
This has been flagged as spam show
soon we will have to eat that cat.
Lepiratepoulpe 1 year ago
Thanks for reporting.
Great video.
sinsarcasmo 1 year ago
Liberal policy is ruining Oregon. The things that made Oregon profitable are being shut down by the liberal government but they aren't replenishing the jobs.
toiletfarm 1 year ago
Got no job, can't sell my house for what I bought it for, trapped in the suburbs until my UI benefits run out. This sucks.
mja2035 1 year ago
@mja2035 I'm in the same boat
dancingforrain2012 1 year ago
@dancingforrain2012 Thanks for your reply, we are not alone. So many people are facing a horrible situation. Our government and the banksters are wrecking a once great country.
mja2035 1 year ago
@mja2035
All planned the US government is 100% corrupt, so is every other government on the planet.
The Result will be social genocide - you pay to be murdered
boots920 1 year ago
Dodd and Bwarney Fwank just walk away from this. Years ago, they would have been given the ultimate punishment. And they are still scamming us with Fannie and Freddie. All those illegals that were given houses they couldn't afford... All those habitat for humility homes were heavily mortgaged by the lazy butts that got them and they took the money, stopped paying the payments then dared anyone to kick their worthless butts out. Oh yes, this will be the biggest screwin the nation ever got.
joesphx19 1 year ago
nice video...short and sweet....only 3rd, come on Oregon let's be #1.
LivingHistorySchool 1 year ago
I have friend in Florida who had not paid his mortgage in 18 months & the bank had not yet started the foreclosure process as of the last time I spoke with him. Know of another individual who didn't pay his mortgage in Maryland for 1 year & the bank is still trying to work with him and keep him in the home. Why? I guess the banks have so many foreclosed homes on their books they can't handle any more. Also if the banks foreclosed all delinquent homes prices would slide back to early 80s levels
lizadfuel 1 year ago
You showed those unfinished homes with no doors...wow, nobody living in there...her so cal, there are families that are breaking down doors and passing through windows to stay in homes that are foreclosed on or not finished...
Well, as I said on G4T channel, get used to it...our wonderful Govt at work...
billyjoebobway 1 year ago
Wow... great reporting... I certainly didn't read that in the Oregonian. LOL
rentonsentinel 1 year ago
I was just driving through downtown Fort Worth, Texas the other day, and I was amazed at how many empty retail there is along the streets. What is really sad is all the manufacturing and industry has dwindled and slowly is dying, bleeding out of here. You can tell this by some of the rail lines which have been abandoned out here lately, which a few years ago had trains running on them regularly, but now sit rusting away.
LordoftheKaty 1 year ago
@LordoftheKaty Wow, I had not idea Fort Worth was in trouble like that. Thanks for the update. I am not seeing any of that in Austin (yet). What I can say is that Dell and 3M are a small fraction of their former selves here in Austin, but I am not seeing lots of small businesses shut down.
countryhorsefive 1 year ago
@TheOregonRedneck What part of Oregon you in? I'm outside Bend.
UncoverTruth 1 year ago
Nice part of the homeless hippie at the end.
sk8erbassman 1 year ago
@sk8erbassman The homeless hippies are taking over town. They set up a drum circle.
adb024 1 year ago
Congrats on placing 3rd out of 50.
rayme4raw 1 year ago 2
@rayme4raw I think we can take 1st!!
adb024 1 year ago 2
@adb024 I would figure California would take the first.
LordoftheKaty 1 year ago
@LordoftheKaty No I think Florida and Nevada are ahead of Oregon.
adb024 1 year ago 2
@adb024 LOL, it's nice to have goals.
rayme4raw 1 year ago
@rayme4raw yeah but this is one race you dont want to win
MYAR15SaysImFree 1 year ago
@MYAR15SaysImFree True:) But it gives me warm feeling thinking of the local governments trying to balance the budget with property values collapsing and local residents screaming about high property taxes. I hoping that it'll lead to quicker municipal debt defaults causing higher interests rates on government bonds until the states and the federal government are forced to default on their debts thereby destroying the bankster elite. Here in Illinois, we're #1 in the deficit vs GDP category.
rayme4raw 1 year ago