Real Estate Price Collapse, Paradise Lost in SW Florida

[MyVapez]

LOL!!! I just spent $54,000 on my teeth! No joke, full mouth smile makeover, and that was the cheapest quote I could find in Oregon.

There's no economic depression in Dentistry, they are raping the uninsured like never before.

If you want to get rich in this economy, become an oral surgeon specializing in dental implants, you'll be rich within months like my dentist, he's only 29 yrs old and already owns a 2.4 million home, 3 Mercedes Benz and flies to his 3rd home in Bermuda 4 times a year...

[EconCat88]

It's truly euphoric watching this bubble unwind.

[pikeasaurusrex]

............and all the good folks in this video.........overpaid for these properties! We won't see the bottom for quite a while as 2/3 of all foreclosures have not hit the market as of yet!

[spectrum0590]

When having a venture with real estate business. There are many factors that needs to be consider. Like the feasibility studies of the place and about the pricing of the each prospect property.

[Silvertrine]

The main industry in most of these areas is home building. Real estate agents, bankers, homebuilders, appliance salesmen, home repair, cable tv. Its neo-cannibalism a closed system. An insane perpetual motion machine that has broken. It might sound like a good idea to buy these houses, until some NYC slumlord buys a bunch in a few years. Sets them up as section 8 and the neighborhood resembles Beruit on a bad day.

[X9Intelectual]

@Silvertrine Whos the owner of Real State? Do you know.?

[Silvertrine]

@X9Intelectual Brother I have no idea what you're talking about.

[X9Intelectual]

@Silvertrine The owner of the company? of real Estate? 

[superwhiz88]

fking azzhole.. fox news is all bullsht.. instead of tell the true story of how family suffer these fkers are broadcasting opportunities ,,its like an telling scavenger where the your dead bodies are ... this reason why repuliscum is such an vermin ..

[OikosRealty]

Humm, I question this?

[shaider77]

I wonder what kind of industries and jobs they have in the area that will trigger and sustain the momentum for a turnaround in home values in the near to medium term.

[overwatever]

Normal people can ACTUALLY afford to buy a new home!

[ourearthhome]

Real estate prices are periodically bid up way beyond their real value by people looking to make money on resale. This is called real estate speculation and is completely destructive of the housing market although while it is happening everyone is happy to jump in. There is an 18-20 year boom and bust cycle. think back to the early 1990s. it will happen again around 20 27-2029 unless we call a halt to buying and selling real estate merely for profit and not exclusively for use.

[jandean61]

Thank God ! I LEFT FLORIDA IN 2007 !....MOVE TO AUSTIN,TEXAS ! MOVE TO AUSTIN,TEXAS!

[SpeedingStudent]

I'm here.

Too many weirdos in Austin, though.

[Cyrus992]

@jandean61

I am from Orange County, Ca.. and i am planning to move to Austin...

[anonymous4849]

Looks like its time to buy a home for CHEAP! :-)

[kobie8819591]

and you grt killed on the taxes

[youngviv]

Come to Bethlehem pa...real estate is doing great here!!!

[InternetIncomeMentor]

forget real estate for builing your wealth - I spent 8 years of 60 hour weeks... visit

mib income . com and see why i got out!

[Michaelwiseguy]

I don't think those town houses are such a great deal. If You look on Zillow at for sale listings, you can find new homes for under 100K, No HOA fees and larger lots.

[seanteelucksingh]

Wow.

[jjireh07]

Buy one gun, and then buy some more. You'll be needing them soon. Maybe try to move away from the major cities.

That is, unless you like being shot for your food.

[qtrinh]

Try AK47 buddy...the hatians all have those

[d991]

This is hilarious...it sounded like that one old guy bought 3-4 houses. What is he planning on doing with them, flipping them?! Waiting until house prices go up?! He's in for a nasty surprise...

[yap1993]

the CEO of Freddie Mac admitted the housing

crash has TWO THIRDS to go! the housing

collapse is just getting warmed up folks.

you'll see houses sell for a quarter on the

dollar adjusted for inflation in a few years.

[tyronebiggums3]

"I bought two houses today, and a ridiculous price."

YES, RIDICULOUS! YOU PAID TOO MUCH!!

[finefilth]

try getting a job in cape coral

[inkey2]

@finefilth ; thats what i have always said about all these supposed great real estate deals..........there is a reason the price is so low. Will you have to commute 75 miles to work each day.....any jobs there?

[finefilth]

@inkey2 they spray us heavily with CHEMTRAILS too ...THOUSANDS EVERY WEEK...

[Eagle776]

it's going to get a lot worse then this.

People will be buying and selling homes with food, after the collapse.

[Boomer1949]

I sure hope these people who are buying these houses know what their doing. Personally, I would not buy unless I had cash.

[ckthomps]

Buy one get one free deals for homes is NOT good for the economy. Insane.