Bullshit, the housing bubble was greed fueled period and had nothing to do with economics, there are a HANDFUL of these neo cons manipulating key markets one after another then moving on to the next 'victim' after trashing the previous one. *from the book: "prove me wrong" written by, Mr. honest working joe American.
the idea exceeding in america is the idea of a 80 000 doller house costing 1200000 dollars still and taxes being over three thousand dollars a year because of the amazing well fair state we have. I love it two years ago they say buy a house the market great keeps dropping a year ago keeps dropping and today its going to keep dropping because its still inflated going to keep doing this until about 2020 then a former 220000 dollar house will be 80000 ive already seen 240 go to 160 in my hood
Excuse me, but contrary to what Beck and others who have media pulpits to preach from believe, we don't all live in Manhatton condos or have TV shows hyping up what a great investment our $4 million dollar apartments are. The graph of my neighborhood's housing prices looks like that graph upside down. Most of us did nothing wrong but seek better neighborhoods and schools for our children. It's only thanks to Wall Street evil and government failure that we've lost everything we ever worked for.
@farmboycarl I understand you anger, but I believe this graph was from the nation as a whole not just NY. Also are you looking at a graph over the same time period that he is showing? Over the last 2+ years almost all housing has been dropping. It is a correction in the market.
thank you doublea39 the goverment is trying to protect us to much before we had federal intervention in the free market there were constantly peaks and valleys just as they are ment to be. Now however the government has made those peaks big and valleys bigger. and that is why we have hit a rutt in the economy.
Beck is crazy but like many have said, he has a point here.
Obama's economist are probably Keynesian and wait to keep this bubble afloat. The prices need to drop! We should be in a deeper recession, its natural, people over spent plain and simple. Now everyone must pay.
Obama's assertion that every can benefit is true depending on the action but its only temporary. Free markets do correct themselves.
You might not like him, but he's absolutely right about this. There should be no government intervention in the housing market. They're propping up the bubble and destroying the currency. They're also fucking over young people and first time buyers. They've spent trillions, and in the end prices will fall anyway. Stupid.
Housing isn't the greatest investment, but it's a safe investment, over time. Glenns graph, though visually distorted due to the uneven increments on the x and y axis, shows a generally 10 year cycle of low to high values. Other than the drop into the depression period, the graph shows a gradual and steady increase in values, over the entire period.
@fliesh, That's not true at all. When interest rates go down, prices go up. When interest rates go up, prices go down. When adjusting for inflation, house values remain relatively flat unless there is either a bubble or a market correction in progress. RE prices simply reflect what people are able to borrow and what interest rate they can get. Houses do not grow rooms, and therefore do not grow in intrensic value. These are among many reasons why RE makes a poor investment over time.
@PE425 depending on the house where it is and its circum stance it is likely the best investment you can make. If you own it out right, you just pay taxes and its yours! You sleep in it for free, no one can force you out. WHy would you say its a bad investment? especially w/ tax breaks.
@fububalla, most of what you said is completely false. Even if you pay off the house (which a very small % of Americans ever do), you will still have maintenance, repairs, etc., not to mention property taxes and insurance. Also, you can get forced out by emminent domain laws. The tax break argument is a tired kinard. First of all, what you pay in interest profoundly outweighs any tax breaks. You don't get ahead by spending $10 to save $.10. "Homeowers" lose on a monthly cashflow basis.
@PE425 Most of what I just said was not completely false. Where's the falsehood in my statement? You can get forced out by eminent domain but they have to pay you and they have to justify it (public roads/railway etc). I agree about the tax breaks and stuff but my argument assumes you have the house paid off. Are you saying you're better off renting all your life? I'd promote it but I wouldn't believe it!!
@fububalla, you can live in disbelief like so many sheeple out there, that buy into the "homeowership" nonsense. Yes, in most cases, people would be profoundly better off renting their entire life. It really is an no-brainer. Whether the market is up or down, in most major metro areas, you can rent a comporably nice place for roughly 50% of what someone else pays for a similiar place when they "buy". A renter's massive monthly cash flow difference will earn more sitting in the bank than RE!
@PE425 Look dude, the housing market is shitty, but there are always good deals out there. It all DEPENDs. If you have the credit and the financial stability to own, it is smarter in the long run. You have to understand the value of ownership. What am I in disbelief about? Conceding to your thoughts that renting is better? Its really objective. Its easier to rent yes, but more prudent to buy if you manage it right. Rentin your just throwing money away with out ownership. But anyway, go REnters!
@fububalla Just read the entire page on "patrick" "DOT NET" "/" "crash3" "DOT" "HTML". It covers real-world financial FUNDAMENTALS on Real Estate and personal finance that you are currently failling to understand, but will provide you a great start.
@fububalla I love the old "equity" arguments as well. Renting allows you to build far more equity, and do it much faster than buying a house. Moreover, the "homeower" cannot reinvest their equity unless they take out another loan. Renters do not have this problem. That is why homeowers are the losers, while educated and disciplined renters can be highly successful financial winners.
@fububalla When you buy, you are throwing much more money away. This has been going on ever since mortgage products were invented, and they have only become worse over time. The only thing that the greatest RE meltdown in U.S. history has essentially done, is shed more overwhelming light on profound misconceptions and erroneous decisions about RE that have existing since the dawn of mortgage lending.
@fububalla Even then, the money that they can be saving and investing with the monthly difference between renting and buying is a huge, undebatable, sustaining point. Stating that renting is "throwing money away" proves that you understand very little about personal finance and real estate.
@fububalla They have been playing this game for eons, and people in the U.S. get too emotionally wrapped up when it comes to "homes". A historical translation of mort & gage translates to "death pledge", which is quite fitting. People that try to justify buying a house in order to save money are people that are not disciplined enough or do not know how to save on their own.
@fububalla, Prudence is in SAVING money, not spending it. If you believe otherwise, epsecially when it comes to housing, then you are like millions of others that are being duped. The big RE industry knows what they are doing with their mortgage products when they package it up and try to sell it as the American Dream, when in fact the RE industry raped that term.
@PE425 I agree w/you 100%. Only a fuckeeen fool would take a 30 year mortgage and hope for the best..There is no flexibility in ownership. You can't move. you can't rent it or it will get fucked. And the benefiets don't pencil out to make any money in long run. Except in apt complex ownership. Good riddance to home ownership.
okay so Glenn Beck complicates something that is very simple... There are 32 million empty houses in this country and the government (Obama) is afraid of falling housing prices, SINCE WHEN IS AFFORDABLE HOUSING A BAD THING!!! PRICES NEED TO FALL SO THAT AMERICANS CAN BUY AND OWN THEIR OWN HOMES.
Okay so i'm no genius, but i know that the fed was founded in 1913 but Glen Beck (who i do agree with on his economic libertarian free market views) totally screwed up the first part where he was pointing to the graph. He pointed on 1890 to 1910 which actually on the graph looks really stable, but this dummy was like "then the fed did this and that" but they diden't even exist yet... BUT the truth is that it is a fantastic graph because it shows the sick volatility after 1913.
To all the people that bitch about the housing market.
Didn't you see this coming? Didn't you see the crash coming? My god...how can you not see retarded record home prices and think everything is OK? How can you not see the banks loaning money to sub prime people on food stamps for a $400,000 home?
You're all idiots that think your home was going to go up and up and up in value.
@myg0tBUTTPLUG hell yeh bunch of sheep.."houses will never go down they will always go up LOL" glad I never fell for that bullshit....I make 85k a yr and rent and buy silver
All I know if everyone my family worked for over the last 20 year working 12 hour days 5 to 6 days a week was a waste. Our Real Esate was BAD investment was a bad investment - all equity is gone in less than 2 years.
BECK is a Change Agent with an agenda to push the Bubba's to strike against GOVERNMENT in order to bring on Martial Law and the change of our nation to a Facist Empire of evil.
BECK is no friend to our Constitution, to our Nation nor to the Constitution Republic, he is a pretender and he is a liar!
he did that a month ago tard. So you think you are predicting Beck by tricking people about inside-info of what Glenn announced a month ago? You're lame.
This youtube video is great, and easy to understand. You must be too slow to "get it"... move on, there's a marxist using an obamaprompter you should be sheepling to.
Never mind, I see you are some offshoot of Alex/Infowars.... lots of Alex's people like Glenn... So I don't know where you're getting conspiracy theoretic about what Beck says. Take it all with a grain of salt tgvas. I'm sure you're right an the Liberal Fascists would love to declare Martial Law. But don't assume those who are not obamatized are also "sheep" - please.
You said (2 weeks ago) That Glenn would come out against Fema camps. see youtube watch?v=ipDc4YD3dtw (add that to the URL. March 4th? Huh?
Anyway... Why do you know Jone's last name, I didn't say his last name if you profess to not know him, albeit you misspelled it. I don't really care, you don't make sense.
Everyone speaks about this alex jonas in all of these fucking beck lie videos, I have posted in several beck vids, this being but one, and you think you're gonna play secret agent and find some crazy secret crap from another poster.
Bullshit, the housing bubble was greed fueled period and had nothing to do with economics, there are a HANDFUL of these neo cons manipulating key markets one after another then moving on to the next 'victim' after trashing the previous one. *from the book: "prove me wrong" written by, Mr. honest working joe American.
26yearstoorion 1 week ago
The Housing Market is the Amazon!!
heartlessvietboy 9 months ago
Sorry mate ... 1939 is when the US started to come out of recession when Britain needed funds from you again ... WW2 Started pre Pearl harbour
boum62 9 months ago
The Housing Market is The Amazon!!
heartlessvietboy 9 months ago
the idea exceeding in america is the idea of a 80 000 doller house costing 1200000 dollars still and taxes being over three thousand dollars a year because of the amazing well fair state we have. I love it two years ago they say buy a house the market great keeps dropping a year ago keeps dropping and today its going to keep dropping because its still inflated going to keep doing this until about 2020 then a former 220000 dollar house will be 80000 ive already seen 240 go to 160 in my hood
ecosby100 9 months ago
Excuse me, but contrary to what Beck and others who have media pulpits to preach from believe, we don't all live in Manhatton condos or have TV shows hyping up what a great investment our $4 million dollar apartments are. The graph of my neighborhood's housing prices looks like that graph upside down. Most of us did nothing wrong but seek better neighborhoods and schools for our children. It's only thanks to Wall Street evil and government failure that we've lost everything we ever worked for.
farmboycarl 1 year ago
@farmboycarl I understand you anger, but I believe this graph was from the nation as a whole not just NY. Also are you looking at a graph over the same time period that he is showing? Over the last 2+ years almost all housing has been dropping. It is a correction in the market.
dtardis 1 year ago
this man is a shitester on every kind of level imagineable.
shackle5 1 year ago
thank you doublea39 the goverment is trying to protect us to much before we had federal intervention in the free market there were constantly peaks and valleys just as they are ment to be. Now however the government has made those peaks big and valleys bigger. and that is why we have hit a rutt in the economy.
ctjhs 1 year ago
Beck is crazy but like many have said, he has a point here.
Obama's economist are probably Keynesian and wait to keep this bubble afloat. The prices need to drop! We should be in a deeper recession, its natural, people over spent plain and simple. Now everyone must pay.
Obama's assertion that every can benefit is true depending on the action but its only temporary. Free markets do correct themselves.
fububalla 1 year ago
You might not like him, but he's absolutely right about this. There should be no government intervention in the housing market. They're propping up the bubble and destroying the currency. They're also fucking over young people and first time buyers. They've spent trillions, and in the end prices will fall anyway. Stupid.
anthrobserver 1 year ago
Housing isn't the greatest investment, but it's a safe investment, over time. Glenns graph, though visually distorted due to the uneven increments on the x and y axis, shows a generally 10 year cycle of low to high values. Other than the drop into the depression period, the graph shows a gradual and steady increase in values, over the entire period.
fliesh 2 years ago
@fliesh, That's not true at all. When interest rates go down, prices go up. When interest rates go up, prices go down. When adjusting for inflation, house values remain relatively flat unless there is either a bubble or a market correction in progress. RE prices simply reflect what people are able to borrow and what interest rate they can get. Houses do not grow rooms, and therefore do not grow in intrensic value. These are among many reasons why RE makes a poor investment over time.
PE425 1 year ago
@PE425 depending on the house where it is and its circum stance it is likely the best investment you can make. If you own it out right, you just pay taxes and its yours! You sleep in it for free, no one can force you out. WHy would you say its a bad investment? especially w/ tax breaks.
fububalla 1 year ago
@fububalla, most of what you said is completely false. Even if you pay off the house (which a very small % of Americans ever do), you will still have maintenance, repairs, etc., not to mention property taxes and insurance. Also, you can get forced out by emminent domain laws. The tax break argument is a tired kinard. First of all, what you pay in interest profoundly outweighs any tax breaks. You don't get ahead by spending $10 to save $.10. "Homeowers" lose on a monthly cashflow basis.
PE425 1 year ago
@PE425 Most of what I just said was not completely false. Where's the falsehood in my statement? You can get forced out by eminent domain but they have to pay you and they have to justify it (public roads/railway etc). I agree about the tax breaks and stuff but my argument assumes you have the house paid off. Are you saying you're better off renting all your life? I'd promote it but I wouldn't believe it!!
fububalla 1 year ago
@fububalla, you can live in disbelief like so many sheeple out there, that buy into the "homeowership" nonsense. Yes, in most cases, people would be profoundly better off renting their entire life. It really is an no-brainer. Whether the market is up or down, in most major metro areas, you can rent a comporably nice place for roughly 50% of what someone else pays for a similiar place when they "buy". A renter's massive monthly cash flow difference will earn more sitting in the bank than RE!
PE425 1 year ago
@PE425 Look dude, the housing market is shitty, but there are always good deals out there. It all DEPENDs. If you have the credit and the financial stability to own, it is smarter in the long run. You have to understand the value of ownership. What am I in disbelief about? Conceding to your thoughts that renting is better? Its really objective. Its easier to rent yes, but more prudent to buy if you manage it right. Rentin your just throwing money away with out ownership. But anyway, go REnters!
fububalla 1 year ago
@fububalla Just read the entire page on "patrick" "DOT NET" "/" "crash3" "DOT" "HTML". It covers real-world financial FUNDAMENTALS on Real Estate and personal finance that you are currently failling to understand, but will provide you a great start.
PE425 1 year ago
@fububalla I love the old "equity" arguments as well. Renting allows you to build far more equity, and do it much faster than buying a house. Moreover, the "homeower" cannot reinvest their equity unless they take out another loan. Renters do not have this problem. That is why homeowers are the losers, while educated and disciplined renters can be highly successful financial winners.
PE425 1 year ago
@fububalla When you buy, you are throwing much more money away. This has been going on ever since mortgage products were invented, and they have only become worse over time. The only thing that the greatest RE meltdown in U.S. history has essentially done, is shed more overwhelming light on profound misconceptions and erroneous decisions about RE that have existing since the dawn of mortgage lending.
PE425 1 year ago
@fububalla Even then, the money that they can be saving and investing with the monthly difference between renting and buying is a huge, undebatable, sustaining point. Stating that renting is "throwing money away" proves that you understand very little about personal finance and real estate.
PE425 1 year ago
@fububalla They have been playing this game for eons, and people in the U.S. get too emotionally wrapped up when it comes to "homes". A historical translation of mort & gage translates to "death pledge", which is quite fitting. People that try to justify buying a house in order to save money are people that are not disciplined enough or do not know how to save on their own.
PE425 1 year ago
@fububalla, Prudence is in SAVING money, not spending it. If you believe otherwise, epsecially when it comes to housing, then you are like millions of others that are being duped. The big RE industry knows what they are doing with their mortgage products when they package it up and try to sell it as the American Dream, when in fact the RE industry raped that term.
PE425 1 year ago
@PE425 I agree w/you 100%. Only a fuckeeen fool would take a 30 year mortgage and hope for the best..There is no flexibility in ownership. You can't move. you can't rent it or it will get fucked. And the benefiets don't pencil out to make any money in long run. Except in apt complex ownership. Good riddance to home ownership.
drummerforreal1 1 year ago
okay so Glenn Beck complicates something that is very simple... There are 32 million empty houses in this country and the government (Obama) is afraid of falling housing prices, SINCE WHEN IS AFFORDABLE HOUSING A BAD THING!!! PRICES NEED TO FALL SO THAT AMERICANS CAN BUY AND OWN THEIR OWN HOMES.
chrisdabdoub 2 years ago
Okay so i'm no genius, but i know that the fed was founded in 1913 but Glen Beck (who i do agree with on his economic libertarian free market views) totally screwed up the first part where he was pointing to the graph. He pointed on 1890 to 1910 which actually on the graph looks really stable, but this dummy was like "then the fed did this and that" but they diden't even exist yet... BUT the truth is that it is a fantastic graph because it shows the sick volatility after 1913.
chrisdabdoub 2 years ago
This guys a big fat idiot
Fox News is so right-wing biased
55512123 2 years ago
To all the people that bitch about the housing market.
Didn't you see this coming? Didn't you see the crash coming? My god...how can you not see retarded record home prices and think everything is OK? How can you not see the banks loaning money to sub prime people on food stamps for a $400,000 home?
You're all idiots that think your home was going to go up and up and up in value.
Now you're paying $2,000/month
on something that is worth $1200/month.
Now crash and burn, Greedy SUCKERS!!!
myg0tBUTTPLUG 2 years ago 3
@myg0tBUTTPLUG hell yeh bunch of sheep.."houses will never go down they will always go up LOL" glad I never fell for that bullshit....I make 85k a yr and rent and buy silver
mnap128 1 year ago
Not a Beck fan or a Fox News fan, but this segment is spot on. Don't artificially manipulate the market and cause another bubble.
doublea39 2 years ago 5
All I know if everyone my family worked for over the last 20 year working 12 hour days 5 to 6 days a week was a waste. Our Real Esate was BAD investment was a bad investment - all equity is gone in less than 2 years.
HopeValleyRI 2 years ago
@HopeValleyRI yea...buy your investment was great before housing and the economy went to shit right?
myg0tBUTTPLUG 2 years ago
I'm a FED ass? Whatever... I'm a Jeffersonian. Get a grip... Calm down. Go watch "Fiat Empire".... Thomas Jefferson all the way.
bananachange 2 years ago
BECK is a Change Agent with an agenda to push the Bubba's to strike against GOVERNMENT in order to bring on Martial Law and the change of our nation to a Facist Empire of evil.
BECK is no friend to our Constitution, to our Nation nor to the Constitution Republic, he is a pretender and he is a liar!
tgvas 3 years ago
Obamabot says what?
GoldofOphir 2 years ago
i guess you didnt watch in on CNN HL? Just cause hes on Fox you attacK? please
GO WILD!
chivasusa 2 years ago
Gotta to be asleep not to know the obvious!
Beck will announce on April 6th, around there that after exhaustive research and doubts, that there are in fact no Fema Camps.
He has gained trust by moronic sheeple by his accusations and will, in fact, convince all doubters that there are no camps awaiting them when tshtf.
I'll let my claim stand by it's own.
tgvas 2 years ago
he did that a month ago tard. So you think you are predicting Beck by tricking people about inside-info of what Glenn announced a month ago? You're lame.
This youtube video is great, and easy to understand. You must be too slow to "get it"... move on, there's a marxist using an obamaprompter you should be sheepling to.
bananachange 2 years ago
Never mind, I see you are some offshoot of Alex/Infowars.... lots of Alex's people like Glenn... So I don't know where you're getting conspiracy theoretic about what Beck says. Take it all with a grain of salt tgvas. I'm sure you're right an the Liberal Fascists would love to declare Martial Law. But don't assume those who are not obamatized are also "sheep" - please.
bananachange 2 years ago
who is this alex jonas?
is he on beck, or is this another fed attempt to sidetrack the truth?
tgvas 2 years ago
Are you some kind of idiot?
He did it three days after I predicted it you asswipe lying sack of ______!
I susbcribe to his archievs, maybe you had better as well you FED!
tgvas 2 years ago
my comment isn't posting.
You said (2 weeks ago) That Glenn would come out against Fema camps. see youtube watch?v=ipDc4YD3dtw (add that to the URL. March 4th? Huh?
Anyway... Why do you know Jone's last name, I didn't say his last name if you profess to not know him, albeit you misspelled it. I don't really care, you don't make sense.
bananachange 2 years ago
are you some kind of a wack job?
Wanna be secret agent?
Everyone speaks about this alex jonas in all of these fucking beck lie videos, I have posted in several beck vids, this being but one, and you think you're gonna play secret agent and find some crazy secret crap from another poster.
Get a fucking life, FED asshole!
tgvas 2 years ago
and if you do not know why your post is not working, you are an idiot, and not trained well by your Government employers.
tgvas 2 years ago
The post did not work because you cannot post a youtube link. get over yourself.
bananachange 2 years ago
Probably worse than that even...
tdenton1138 3 years ago
"God help us if we have another great depression."
If??
We're facing the GREATEST depression. I urge you all to prepare, it's going to get bad ... really bad.
shoeman3434 3 years ago