Right. The reason I believe the published new home sales data was fabricated is:
To build a new home in Florida costs about $116 sq ft.
Existing homes, abandoned by the builders or foreclosed by the banks are selling discounted 30%- 55% or more!
Why would anyone in their right mind pay $116 sq ft when the house next door sells for $50 sq ft? Also, the banks won't lend a mortgage on what is an over valued purchase.
It would have to be cash purchase and a buyer with more $ than sense.
This report is fascinating, but the jobs are out there. I have a home, not a mortgage and two farmns. It's the people that were living paycheck to paycheck...who will be thoroughly effected, not those who scrimped and saved worth over $3 million in retirement alone.
yOU ARE RIGHT Michele. I 've got 2 homes and a commercial building and no debts whatsoever, not even a credit card; a young family that I know bought an expensive home FOR THEIR MEANS, and even though I told them to start small, they didn't listen to me and got themselves in a nice big mortgage. Now the value of the home went down and they are crapping their pants, too afraid to even breath that they may lose their jobs! What can I SAY? yOU WANNA SHOW OFF it's gonna cost you!
There'll be a need for fresh new paint,plumbing,roofing,landscaping,sprinkler installation,fencing,window repair,trash hauling,renovation,in a few years there'll be so many need for these services should the economy pick up once again,all contractors keep your head up !! get ready to ride the big wave,because we can't continue on like this,this is America man,not the 3rd world.
The future is looking good for construction companies,because in a few years all these place will eventually need to come down or go up,there'll be a need in construction,repair,renovation and demolition,it can't stay like this forever,the mole,the mildews,the grass and weeds,the weather and the fungus are taking over,it's corroding away basically,what a waste of labour and natural resource,it's back to plan A folks !! demolition,site preparation and reconstruction all over again.
Well said, George. The WSJ, and other media outlets in the establishment, spew out propaganda day and night. It will never turn around until manufacturing returns, along with good paying jobs. I wouldn't hold my breath, though. By the way, George, you have a lot of guts being in that part of town. It looks sort of dangerous. Good thing you visited in daylight hours.
yeah the mainstream media's 'figures' are wrong but a dude driving round in an SUV looking at empty houses is right. fuck the MSM and their 'figures'!
Good video! There is much propaganda out there right now. I am a Realtor in New Mexico and the only thing selling are distressed sales at about 50% off 2006 prices and builders giving away spec homes. MANY unlisted empty homes that are probably being sat on by the banks.
The more info section does the same general overview with no true calculations...to prove 4.7% incorrect it necessitates open calculations that can be seen;~ the more info is simply opinion as well.
any positive news-well i was in target the other day-it was very very busy-and my friend dad is a professor at ucla a economist-he said the economy will rise again but only for a certain amount of years and drop big time-but he said it will last for 5-6 years fake growth-
Englebert Humperdink concert update: George, I went back out on the road today and my bus felt like it was taking the Pa potholes rougher than usual. I took my bus to the garage and the mechanic told me I had some leaf springs cracked and worn out in the back. If you rent out the back portion of your RV be careful. I though the RV was bouncing from high winds this time of year. I would'nt have this problem if I bought a boat.
George doesn't give nfo on how all this is calculated. We figure #'s real estate idiots reporting is bogus just cuz it's them but how did George counter; riding the hoods? what's up?
George doesn't give nfo on how all this is calculated. We figure #'s real estate idiots reporting is bogus just cuz it's them but how did George counter; riding the hoods? what's up?
hey george..thats a very dicouraging informationnn..thanks...Can i also hear from you some encouraging or positive news,,,I mean,,,you are not one sided..about the present situation I hope...?
OMg, I never realized until just now how much time+energy+resources you put into your videos. Driving around, taking your camera everywhere, video editing, etc...
New home sales are a matter of public record and reflect new tax revenues that local governments receive as a result of sales and permits. I am not saying this clown is right or wrong for CA but the numbers ARE HARD nation-wide.
Right now you can't even build a new home without a 680 fico score and some even 720 or higher for a good rate. New home sales in my area are non-existent.
Mortgages are up because rates are low and people are refinancing their debt into the equity of their home.
Syracuse, NY or as they call it here Upstate NY. Very few new homes going up. I even have a guy that makes 300k a year denied for a new loan because his debt to income ratio is a little high.
Most of our new home developments are half empty with NO new building going on.
hamster - ur right that millions like u are unemployed & of course can't buy a home.
But whereas close to 9% are unemployed, about 91% are.
And about 1/3rd of those are renting.
They now see that a house sold for $120w/ an ARM that went to payments of $1200 per mon, now can be bought (in some areas) for $85K with a 4.5% loan which would likely put them below $600 per mon, plus they get a $8K check from the govt.
They have an "affordablity index" & more ppl qualify now than ever.
whats do funny is the weather there is like living in paradise. you would think investors would be wanting that prime property, because really that is what it is.....nice sunshine ....
I also heard that home sales actually increased in February, and it raised my eyebrows. How could that happen when people are losing their jobs left and right? It makes no sense. I'm a recent college graduate, and I can't find a job. That means that I can't save up for a house, and I can't buy a house, even though I really want to. There are millions of people like me who are in the same situation. So it's illogical for home sales to increase without employment increasing.
I live in the IE as well, and tell you the truth. Its getting pretty dam ugly out here right now. Riverside and San Bernadino counties were on top the 5 fastest growing communities in our nation, a few years ago. Now were like ground zero in this economic crisis.
If you look back in the last 5 years numbers, you would know that FEB's home sales ALWAYS higher than Jan. March's sale is also higher than FEB. But if you look at the number year over year, it's down about 40%. They fail to tell you that in their report. For those who think the news was good, you better look at it again.
Anything on MSN, either it be online articles, or on TV I watch or read with a heavy dose of salt. I pretty much don't believe anything on the MSN. They are a bunch of liars and more and more of Americans are realizing the truth of this. Whatever is being said on TV is there to sell you something. Its there to make you buy crap! Buy consumer products or buy in to believing that the Obama trillion stimulus will actually turn this recession around. It will turn it around, into a DEPRESSION!
I can't speak for Calif or Mich, but in Texas the # of sales made in Feb was 30% higher than in Jan.
This trend should continue cause home prices have dropped, int rates remain low & buyers in 2009 can get a check for $8000 if they haven't owned a home in 3 yrs.
We also have a 6 mon inventory which is relatively low. I expect this to also drop because of increased sales, home builders slowing, increased population, & the credit.
Many believe we may have a housing shortage by yr's end.
In Britain people are enjoying low repayments on there houses with the tracker rates they are on,but what are they going to do when interest rates soar to combat inflation.They are going to be so caught out! its already in the papers they might have to soon bring interest up!
there are 1.2 - 1.5 trillion of ALt A and Option Arms resetting to full amortization (90%) of which are bad ....is the second wave....down....no bottom until at least 2011..
MOre about the CFR - they are in control of the whole show with their foreign policy advice going straight to the White House for implementation - don't beleive me - check it out! google CFR - Council on Foreign Relations - George you should do a vid about them :)
Thanks again George for your videos :) I think many people who talka bout the Democrats and Obama and the Republicans and that duality do not realize that the Dems and the Repubs work for the same people - including David Rockefeller who runs the Council on Foreign Relations where Obama spoke this week - members include Dick Cheney as well as Michelle Obama and many others - google it :)
Yes, the $8000.00 tax credit will stimulate the housing market, but let's have a full exposure to the TRUTH.
You type "OH GOODIE OBAMA SPENDS MORE MONEY".
Let's get ALL the facts out. Obama, unlike Bush, has tried to be bi-partisan & asked the Republicans for proposals & the GOP argued for the $8000, in fact they wanted $15,000 - but Barack cut to $8000.
I used to live there , all the houses are not built to last , stucko rendering on basicaly a flimsy 4x2 pine wood home frame,coverd in chicken mesh and plastic for render to stick too.dry wall on inside.
they are not work shit.I was involved in the constuction of many. real crap
In other news, I thought I could cut costs by renting the back portion of my motorhome out to some homeless people I met at an Engleburt Humperdink concert. That idea didn't turn out too well and that's all I have to say about that little excursion.
Hey George, Just a Pa. report. Yeah, that was two of our clownty Judges that made Natl' News on 20/20 Jailing kids for cash. Our asstute Gov. told people jobs will soon come back and people will be packing their lunch pails for work. Lunch pails for work? What kind of jobs are he speaking about?
Hey George, Just a Pa. report. Yeah, that was two of our clownty Judges that made Natl' News on 20/20 Jailing kids for cash. Our asstute Gov. told people jobs will soon come back and people will be packing their lunch pails for work. Lunch pails for work? What kind of jobs are he speaking about?
It looks like if ur tax bill (inc & SS) for '09 is over $8k you'll get the credit on '09 return, but if ur tax is less - say $4,000, then you'll get that credit & a check for the other $4,000 which shouldn't be taxable.
There's no payback so it's a hell of a deal
I predict the highest 1 day sale of homes in US history could be on 12/31/09 as that's when the tax credit expires.
I wouldn't wait til the last month to start looking.
Hey George, Many Realtors offices have closed in our area. If there where sales going on why all the office closings! Also The Association of Realtors has a Magazine. Theyre begging Asociates to advertise the prices of the advertising keeps dropping and the begging continues and continues, agree yeah George I agree with you it is all Propaganda crap!In addition the few Realtors making money have extravagant marketing straegies and run all over the State to make a sale outside their normal area.
They were reporting month-to-month...not year to year. Feb sales will exceed Jan, and Mar will likely exceed Feb & so on. In part coz of the tax credit & partly because that's the best season for home sales.
Now, some areas are far worse than others -- here in Texas some areas had a 10%+ increase in home sales so that means somewhere it was likely 0% -- maybe Southern Calif & Miichigan & if they keep up the gloom there we may have a pity party for them.
Dear George, You are in an area that has always been crap. Even in good times... Try Brentwood, Beverly HIlls , Santa Monica. Or Malibu... You will see a totally different senario. I agree the economy is the shits. But It seems to me, you are very biased. So you can pitch your doom and gloom mindset.
Springtime is the perfect example of a bear market rally. No matter how bad things are, there will be a rise in home sales from Jan to Feb and from Feb to Mar, from Mar to April and Apr to May
When I look back at all the crap I learned in Grad School it's a wonder I can think at all. But then my higher education may have hurt some, I can't get a job flipping cows at the Angus after all. Foreclosed Homes- Give me those plywood windows, I love to see those graffiti markers makes me scared to get a donut even more Oh yeah!
Might mention that during the Reagan years they also put into effect a home tax credit program which was effective to some extent in bringing back the home mkt which is why they wanted to use it again.
From what I understand if u bought a home for $80kor more you could get a tax credit of $8k. I believe they include SS tax so that may cover many people.
But suppose u paid in $3,000 & owed $4,000. Normally u'd be paying $1,000 in additional tax, but now u'd get a check back for $5,000.
I do not believe any part would be taxable but Ive not seen anything specific.
Nonetheless with prices down, int rates down & the $8,000 tax credit 2009 is a good time to buy.
Hey George, this is unrelated to your video but wanted to let you know... by clicking on Earthlasthope's recent video entitled "Cryptic Video - Chemtrails and the Illuminati - Part 3" the video wouldn't run and I got the message "This video is not available in your country". This is the first time I've ever seen this message, I've only heard England's youtubers complain about getting it. Interesting new development.
Should've mentioned the new govt' home purchase plan:
a) Applies to a home, townhome, condo, or even on a home u have built so long as u get in during 2009.
b) Although this is for "new" home owners if you've not owned your own residence for 3 yrs u quality. So if u got a divorce 3 yrs back & moved into a rented condo, u qualify.
c) If u pay your 2009 taxes early & then buy in 2009, u can file an amended tax return & get ur money back
Nice to learn. I need more information though. In your example, you receive a 5000$ check to cover up for the difference or are 5000$ to be reported on your next year tax bill (new cut by 3000$, leaving you with a 2000$ rebate to come)
The Annual interest on the 57 Trillion in US Debt is 2.4 Trillion. The government is 15 Trillion in the hole which adds up to 600 billion in annual interest tacked onto the budget. The US and UK can no longer find buyers of this debt and with GDP declining and debt increasing, look for hyperinflation by the end of the third Q. The end of the first Q is next week...well timed with the G20 meeting in London where an open revolt to dump the dollar will gain momentum. These trends lead to War.
Which numbers are you talking about? The Government deficit of 15 Trillion at 4%? The 57 Trillion of American dept held by Banks that are held, packaged, traded and sold around the World at a modest return of 4%? That number could actually be higher but the defaults are insured by AIG and other insurance firms that the US Govt. continues to bail out.
Or the additional Trillions being borrowed from the Fed at .25 to 0%? You tell me what the numbers are if you don't agree. Prove it!
Congratulations, your the first person to peg the amount of "packaged debt" , which we do not pay annual interest on, sorry, your statement is clear, you were stating we have a $57 trillion dollar debt to service, we don't, you can word it anyway you want, post the numbers. I just looked at our debt obligations, they don't come any where close to that, not even close...
Then why is your government bailing out the banks and AIG ins co.'s?
You should not be responsible, but then the government is bailing out the US packaged mortgage debt held by offshore banks arent they. Thing is, no one will buy American debt anymore, so where does that leave us but with a Fed Reserve that has decided to buy treasury debt that the Government accumulated bailing out the Banks!
The money the government is using belongs to the future. This is the biggest heist in history!
you keep saying these reports were "wrong....wrong".....
they weren't "wrong" ...the sources of these reports knew goddamn good & well that what they were putting out there was LIES.
this is why i pay virtually NO attention to mainstream media. i do not watch mainstream news on TV....mainly because i no longer even watch TV....haven't for over 2 yrs. now.
Thanks for getting out in the field and showing us this footage. Heck, Detroit looked like a war zone when the economy was good. If I'm ever over that way again, I'll try to find an armored car so I can get you some current film.
Thanks for giving the real news. It's only common sense that if there are no jobs, then everything else goes too. Question: why do economists say that jobs are the Lagging Indicators? I've heard this many times. They say unemployment is the last thing to improve.
Excellent post. The real truth about what is going on is hidden. If you have a chance, I have a video you might find interesting. Click on StigmataBOB1 and view video Depresion of 1990
Why don't you interview them: 5:35 . I think it is interesting for all to hear what is currently going on in the minds & homes of ordinary people. This you showed in your video 'California Mother Struggles with Unemployment...', for example. Not that they aren't also extra-ordinary, but they're not prepared as you are. With you we share a common mindset already, so it's good to also hear from neighbors etc, and see how the pulse of the street goes. Thanks anyway for this & all your videos.
The mainstream media fudging figures for the sake of ratings? Surely not. Good work George, I suspect this bear market rally on the DOW is also manipulated. Get some more suckers in who think they are getting shares at a bargain and then market tanks again.
I drove by Rockford Airport (RFD) yesterday and the parking lot was full and many cars in overflow. also a conversation with my health food store chicky (Choices Market, Loves Park, IL) yesterday she told me that she's expanding. Not that it won't change but right now these are 2 sectors that appear to be cookin.
That video looks nothing like what I seen on KTLA. ?? I miss Hall Fishman. 2 houses went up for sale on my street here in small town PA. I hope it doesnt get California trashed. Particularly the graphitti.
Good video George, although I have to tell you, just a little concerned with you going into these kinds of neighborhoods with a camera rolling.. could be just a little dangerous, if you know what I mean.
George, many people from Europe, Spain for example, are buying houses in US in places like CA o Florida, I can guarantee it is true. I feel like if you all guys prefere that the market keep down. In Spain more houses are being sold than in 2008 because the huge preice reductions.
I wont hide it: US MSM jobs are jobs I should have aimed to do (it was impossible but...) These guys have no objectives of results either than their popularity. Fact: despite being proven wrong and wrong over times, US people keep watching them because the MSM in the US is a matter of love: either you are loved or you are not. You can tell everything you want, it does not matter, you have no efficiency objectives other than being loved. They will be judged with their cherished status...
They were right, home sales were higher in Feb. The thing is Feb sales are always higher than Jan every year though. Plus, they were only comparing Jan 09 to Feb 09, not Feb 08 to Feb 09.
The media/Govt. is propagandising over here in Ireland too - check out very bearish forum thepropertypinDOTcom.
There's even a media war on "doom-mongering" here.
House prices still around 200k but still sinking too.
Totally dependent on jobs and demand as you say, George - few more jobs being created as tourist season picks up now but much more being destroyed each month. If Obama gets the American Big Pharma out of Ireland we're totally focked.
My sister bought a new house in london i n feb. I told her she was mad, that prices are 60% too high. Prices have dropped 20% since. Then again my family stick their fingers in their ears and sing la la la la la whenever I try to tell them any truth. They aggressively defend their ill informed beliefs. Unreal!
Sometimes, the ONLY way some people will ever learn, IS THE HARD WAY.
I love my family, although I tell you what, they are mostly, as thick as thick can be.
As you say, they just DONT desire to know what really going on, they stick their heads in the ground, stick their arses in the air, AND THEN JUST WAIT FOR SOMEONE TO 'SHAFT' THEM.
I cannot relate to their mind-SET, and you obviously cant either.
NOTHING will ever sneak up on me, I AM SURE I WILL SEE IT COMING.
My neighborhood is starting to go to pot. My street looks good but the cross street is starting to show some stress. Quite a few homes sitting with for sale signs for the last 6 months. At least 3 are empty due to foreclosure. We also have a number of homes that were once owner occupied an well cared for, but now have been sold to investors and rented to some seriously disfunctional folks. Homeowners sold them to get out of NY and the High Taxes. This shit is ruining my neighborhood.
So who would have guessed that Wall Street would manufacture lies to bring more Suckers into the "Wall Street Casino" so they can be fleeced for whatever they have left! Look into those supposed $1 homes, they have to pay current property tax rates. They also have in the contract language, property upkeep requirements or the city is happy to assess fees. Some cities send Work Programs out to some of these homes to mow lawns and trim and then send you a high $ bill that you have to pay.
Thanks man for the update. Great video. Very good point about how to predict whether or not housing prices will go up or down - jobs! Have a very good one bud. :)
i believe you main streamAmerica just wants to make us all think the economy is getting better thats all i watch the tv and i do not believe it what so ever all anyone needs to do is just look around them and they can see the real story for them selves our world is crumnling aournd us stil and we have a president that just doesn't care either
George, that is property that has been condemned and scheduled for redevelopment. Granted all plans by the citites are on hold, threre are massive amounts of money available in the stimulus package available through hud.
Yes the people with adjustable mortgages got screwed, but property in California always goes up, trillionaires and billionaires flourish.. This is sunny california...
Government statistics are lies, really?? When did this start?
There are millions of new homes that were never put on the "market", if they aren't listed they aren't counted as inventory. Barry "Giggles" Obama will end up putting Section 8 HUD families in the abandoned homes once the full forclosure process is done. "Movin on Up" from Compton to Riverside, Stockton, etc... Families that lost their homes move from the FEMA tent cities, back into their own homes complements of taxpayers.
Thanks George! People here in "tent city" ....or should I say "for sale or lease", CA....are STILL in denial. Still want 265K for townhomes and alllllthe monnnney in the worrrrrld for small parcels of land. Things will get interesting this April. Hang on!......Businesses are leaving in droves to avoid all the new taxes coming. Cigarettes are going up 2 dollars a pack in April....everything else to follow...?
This is right Geroge even Fox News is reporting on now that the real estate market is down. You hit the bulleyes on this. I believe that people not paying there mortgages is more than 5% nationally like every news station is reporting.
Loan Modification Co's in South Florida are as abundant as Avon reps in California. They're right about citing statistics but when YTD % is down conservatively at 41% , no one gives a damn about a short-term 5% anyway. It's probably Chinese and European investors getting a leg up on repossessing real estate in lieu of our soon to be official National debt default. IMF news, G-20, China new currency, Russia gold standard, UN ambassador...what more do need?
WIth these houses shut down and people start to move in together to stay alive and be with family more this could turn to be a good things actually. By having the houses shut down, there is less water using, less lights usuage, and less everything actually. SO we are actually saving the planet if your thinking about it...
Here in Chicago the new trend is failing business owners are starting to burn down their businesses to collect the insurance money. In Joliet, a suburb outside of Chicago, the Empress Casino was torched. Estimated damage
Wonderful Video George. Taking a financial shower is more like it. The Oysters pulled the plug on the bath years ago. We know all the main stream news are in cahoots and controled by The- Oyster. So why should they lie to people? What's their gain eh?
Watch it George you just might get raped in that neighborhood since your so scared. Just joking. But seriously, good job on your first hand reporting. Keep the videos coming. Oh, you might not want to be around their when it gets dark. That is when you really have to be worried. I should know, I have family in these types of neighborhoods. For me no problem.
It's amazing how all squalor look a like, that's a run down section of Ca. but it could be anywhere U.S.A. there's parts of Florida that look identical as I am sure every major city harbors such dilapidated shit holes. Good work George, keep exposing those lying pieces of garbage in the media and stay safe.
I agree with Trala52: State your sources. Year over year data is a more common usage than month-to-month data because of seasonal variation in home prices. The real story here is why the mainstream media were so eager to accept and consume the month-to-month statistic instead of asking for the year-over-year statistic.
This is what you get with a free market.
The economic markets needs regulations and supervision.
MeningsMod 1 year ago
Chuck a match in it. Looks like a shit pile anyway.
rockstarofredondo 1 year ago
I have been to poor countries in Central America, and this looks worst.
truthsabre7 1 year ago
This has been flagged as spam show
Housing officially RECOVERED?? Keep drinking the koolaid..
hemet92544 1 year ago
major flu epidemic hit hit economy like a hammer. Restaurants will close, so will malls, cinemas and casinos.
paxout 2 years ago
George: If not already, you better start concealing if you keep filming around there.
Anothercoilgun 2 years ago
Right. The reason I believe the published new home sales data was fabricated is:
To build a new home in Florida costs about $116 sq ft.
Existing homes, abandoned by the builders or foreclosed by the banks are selling discounted 30%- 55% or more!
Why would anyone in their right mind pay $116 sq ft when the house next door sells for $50 sq ft? Also, the banks won't lend a mortgage on what is an over valued purchase.
It would have to be cash purchase and a buyer with more $ than sense.
macpduff 2 years ago
The people buying up these homes for a dollar deserve all the shit that goes with them. That's what you get for trying to profit from others' misery!
slbiggs36 2 years ago
This report is fascinating, but the jobs are out there. I have a home, not a mortgage and two farmns. It's the people that were living paycheck to paycheck...who will be thoroughly effected, not those who scrimped and saved worth over $3 million in retirement alone.
MichelleWritesSings 2 years ago
yOU ARE RIGHT Michele. I 've got 2 homes and a commercial building and no debts whatsoever, not even a credit card; a young family that I know bought an expensive home FOR THEIR MEANS, and even though I told them to start small, they didn't listen to me and got themselves in a nice big mortgage. Now the value of the home went down and they are crapping their pants, too afraid to even breath that they may lose their jobs! What can I SAY? yOU WANNA SHOW OFF it's gonna cost you!
sharkloaner 2 years ago
There'll be a need for fresh new paint,plumbing,roofing,landscaping,sprinkler installation,fencing,window repair,trash hauling,renovation,in a few years there'll be so many need for these services should the economy pick up once again,all contractors keep your head up !! get ready to ride the big wave,because we can't continue on like this,this is America man,not the 3rd world.
KhmerSerey1 2 years ago
The future is looking good for construction companies,because in a few years all these place will eventually need to come down or go up,there'll be a need in construction,repair,renovation and demolition,it can't stay like this forever,the mole,the mildews,the grass and weeds,the weather and the fungus are taking over,it's corroding away basically,what a waste of labour and natural resource,it's back to plan A folks !! demolition,site preparation and reconstruction all over again.
KhmerSerey1 2 years ago
@KhmerSerey1
Unfortunately, you're very wrong.
There will be no one rebuilding anything in distressed areas for years.
No business means no new communities - end of story.
theroilsoil 2 years ago
Well said, George. The WSJ, and other media outlets in the establishment, spew out propaganda day and night. It will never turn around until manufacturing returns, along with good paying jobs. I wouldn't hold my breath, though. By the way, George, you have a lot of guts being in that part of town. It looks sort of dangerous. Good thing you visited in daylight hours.
joe80dman 2 years ago
yeah the mainstream media's 'figures' are wrong but a dude driving round in an SUV looking at empty houses is right. fuck the MSM and their 'figures'!
bobzilla211 2 years ago
Good video! There is much propaganda out there right now. I am a Realtor in New Mexico and the only thing selling are distressed sales at about 50% off 2006 prices and builders giving away spec homes. MANY unlisted empty homes that are probably being sat on by the banks.
Nmhumbug 2 years ago
Existing home sales did improve slightly.
Some of the homes in my area have been on the market for two years.
Owner financing? Or contract for deed?
Don't know for sure. Banks are still not lending money even if you have excellent credit.
sixletter 2 years ago
The more info section does the same general overview with no true calculations...to prove 4.7% incorrect it necessitates open calculations that can be seen;~ the more info is simply opinion as well.
Guiatuss 2 years ago
any positive news-well i was in target the other day-it was very very busy-and my friend dad is a professor at ucla a economist-he said the economy will rise again but only for a certain amount of years and drop big time-but he said it will last for 5-6 years fake growth-
JJBARNY 2 years ago
Englebert Humperdink concert update: George, I went back out on the road today and my bus felt like it was taking the Pa potholes rougher than usual. I took my bus to the garage and the mechanic told me I had some leaf springs cracked and worn out in the back. If you rent out the back portion of your RV be careful. I though the RV was bouncing from high winds this time of year. I would'nt have this problem if I bought a boat.
ghosty426 2 years ago
This has been flagged as spam show
George doesn't give nfo on how all this is calculated. We figure #'s real estate idiots reporting is bogus just cuz it's them but how did George counter; riding the hoods? what's up?
Guiatuss 2 years ago
George doesn't give nfo on how all this is calculated. We figure #'s real estate idiots reporting is bogus just cuz it's them but how did George counter; riding the hoods? what's up?
Guiatuss 2 years ago
Try clicking on the "more info" button.
*facepalm*
Peridolin 2 years ago
hey george..thats a very dicouraging informationnn..thanks...Can i also hear from you some encouraging or positive news,,,I mean,,,you are not one sided..about the present situation I hope...?
jrjncrm 2 years ago
OMG! The feds are coming up with something new.
Spiritree41 2 years ago
Home prices in Cali is extremely out of control....No wander Cali is broke.
Spiritree41 2 years ago
THERE ARE NO JOBS.
PEOPLE STOP WATCHING TV and WAKE UP.
laurieannek 2 years ago
OMg, I never realized until just now how much time+energy+resources you put into your videos. Driving around, taking your camera everywhere, video editing, etc...
I don't know why you do it! You're crazy. lol
Sepero1 2 years ago
New home sales are a matter of public record and reflect new tax revenues that local governments receive as a result of sales and permits. I am not saying this clown is right or wrong for CA but the numbers ARE HARD nation-wide.
gamccoy 2 years ago
Right now you can't even build a new home without a 680 fico score and some even 720 or higher for a good rate. New home sales in my area are non-existent.
Mortgages are up because rates are low and people are refinancing their debt into the equity of their home.
controlpopulation 2 years ago 2
control -- what is your area?
DillonX 2 years ago
Syracuse, NY or as they call it here Upstate NY. Very few new homes going up. I even have a guy that makes 300k a year denied for a new loan because his debt to income ratio is a little high.
Most of our new home developments are half empty with NO new building going on.
controlpopulation 2 years ago
hamster - ur right that millions like u are unemployed & of course can't buy a home.
But whereas close to 9% are unemployed, about 91% are.
And about 1/3rd of those are renting.
They now see that a house sold for $120w/ an ARM that went to payments of $1200 per mon, now can be bought (in some areas) for $85K with a 4.5% loan which would likely put them below $600 per mon, plus they get a $8K check from the govt.
They have an "affordablity index" & more ppl qualify now than ever.
DillonX 2 years ago
whats do funny is the weather there is like living in paradise. you would think investors would be wanting that prime property, because really that is what it is.....nice sunshine ....
cashman247 2 years ago
I also heard that home sales actually increased in February, and it raised my eyebrows. How could that happen when people are losing their jobs left and right? It makes no sense. I'm a recent college graduate, and I can't find a job. That means that I can't save up for a house, and I can't buy a house, even though I really want to. There are millions of people like me who are in the same situation. So it's illogical for home sales to increase without employment increasing.
hamsterama 2 years ago
I live in the IE as well, and tell you the truth. Its getting pretty dam ugly out here right now. Riverside and San Bernadino counties were on top the 5 fastest growing communities in our nation, a few years ago. Now were like ground zero in this economic crisis.
Exile2526 2 years ago
If you look back in the last 5 years numbers, you would know that FEB's home sales ALWAYS higher than Jan. March's sale is also higher than FEB. But if you look at the number year over year, it's down about 40%. They fail to tell you that in their report. For those who think the news was good, you better look at it again.
Kelvin701Lakeland 2 years ago
Kelvin-good pt.
But my pt was that this video seems to question whether Feb could be higher than Jan? It was, as is (as you pt out) usually the case.
Nonetheless, I also think it's possible each month may go up throughout 2009 because of the $8K tax credit.
And if u go back 10 yrs I believe the sales vol will be about the same as now.
But you're right: If u go back 5 yrs - '94, '95, & '96 - the years we allowed Mickey Mouse financing - it's down 40% in some areas (12.5 national).
DillonX 2 years ago
The # of home sales in Texas rose 30% from Jan to Feb, in Florida they rose 20%.
But some areas of the country are still in the toliet.
I did state earlier that I thought the greatest # of sales would occur on Dec 31, 2009 because I thought that was when the $8000 tax credit expires.
Actually they made it expire on Dec 1, 2009, which means if you're eligible you should start looking sooner.
DillonX 2 years ago
Anything on MSN, either it be online articles, or on TV I watch or read with a heavy dose of salt. I pretty much don't believe anything on the MSN. They are a bunch of liars and more and more of Americans are realizing the truth of this. Whatever is being said on TV is there to sell you something. Its there to make you buy crap! Buy consumer products or buy in to believing that the Obama trillion stimulus will actually turn this recession around. It will turn it around, into a DEPRESSION!
subjer0 2 years ago
layoffs all over Canada, never see it so bad before, It's not looking good.
wildnutria 2 years ago
I can't speak for Calif or Mich, but in Texas the # of sales made in Feb was 30% higher than in Jan.
This trend should continue cause home prices have dropped, int rates remain low & buyers in 2009 can get a check for $8000 if they haven't owned a home in 3 yrs.
We also have a 6 mon inventory which is relatively low. I expect this to also drop because of increased sales, home builders slowing, increased population, & the credit.
Many believe we may have a housing shortage by yr's end.
DillonX 2 years ago
In Britain people are enjoying low repayments on there houses with the tracker rates they are on,but what are they going to do when interest rates soar to combat inflation.They are going to be so caught out! its already in the papers they might have to soon bring interest up!
hicks076 2 years ago
What do you mean they are fallin out of escrow
HomesteadProvocateur 2 years ago
there are 1.2 - 1.5 trillion of ALt A and Option Arms resetting to full amortization (90%) of which are bad ....is the second wave....down....no bottom until at least 2011..
mosullivan511 2 years ago
Truth - all I'm suggesting is that in your search for "the truth" we have full disclosure.
The $8,000 tax credit was pushed by Republicans, in fact that wanted almost twice that much.
Obama believed that the $8000 tax credit would be enough to get the housing market moving upward again.
Time will tell, but thus far it seems to be working in most areas.
DillonX 2 years ago
MOre about the CFR - they are in control of the whole show with their foreign policy advice going straight to the White House for implementation - don't beleive me - check it out! google CFR - Council on Foreign Relations - George you should do a vid about them :)
billvancouver72 2 years ago
Thanks again George for your videos :) I think many people who talka bout the Democrats and Obama and the Republicans and that duality do not realize that the Dems and the Repubs work for the same people - including David Rockefeller who runs the Council on Foreign Relations where Obama spoke this week - members include Dick Cheney as well as Michelle Obama and many others - google it :)
billvancouver72 2 years ago
Obama has new Civilian security Force Jobs Coming soon. they will have Counter fit Federal Reserve notes to buy the getto homes
lelandshane 2 years ago
TRUTH2012 --
Yes, the $8000.00 tax credit will stimulate the housing market, but let's have a full exposure to the TRUTH.
You type "OH GOODIE OBAMA SPENDS MORE MONEY".
Let's get ALL the facts out. Obama, unlike Bush, has tried to be bi-partisan & asked the Republicans for proposals & the GOP argued for the $8000, in fact they wanted $15,000 - but Barack cut to $8000.
DillonX 2 years ago
I used to live there , all the houses are not built to last , stucko rendering on basicaly a flimsy 4x2 pine wood home frame,coverd in chicken mesh and plastic for render to stick too.dry wall on inside.
they are not work shit.I was involved in the constuction of many. real crap
binky4647 2 years ago 4
everything is getting better. the TV would never lie to me.
copcorona 2 years ago
In other news, I thought I could cut costs by renting the back portion of my motorhome out to some homeless people I met at an Engleburt Humperdink concert. That idea didn't turn out too well and that's all I have to say about that little excursion.
ghosty426 2 years ago
This has been flagged as spam show
Hey George, Just a Pa. report. Yeah, that was two of our clownty Judges that made Natl' News on 20/20 Jailing kids for cash. Our asstute Gov. told people jobs will soon come back and people will be packing their lunch pails for work. Lunch pails for work? What kind of jobs are he speaking about?
ghosty426 2 years ago
Hey George, Just a Pa. report. Yeah, that was two of our clownty Judges that made Natl' News on 20/20 Jailing kids for cash. Our asstute Gov. told people jobs will soon come back and people will be packing their lunch pails for work. Lunch pails for work? What kind of jobs are he speaking about?
ghosty426 2 years ago
2708 views ... 9:01 PM est
mossberg960man 2 years ago
Existing home sales are up in the midwest due to low prices.
airborne373 2 years ago
Some1 ask how the $8k tax credit will be handled.
It looks like if ur tax bill (inc & SS) for '09 is over $8k you'll get the credit on '09 return, but if ur tax is less - say $4,000, then you'll get that credit & a check for the other $4,000 which shouldn't be taxable.
There's no payback so it's a hell of a deal
I predict the highest 1 day sale of homes in US history could be on 12/31/09 as that's when the tax credit expires.
I wouldn't wait til the last month to start looking.
DillonX 2 years ago
Hey George, Many Realtors offices have closed in our area. If there where sales going on why all the office closings! Also The Association of Realtors has a Magazine. Theyre begging Asociates to advertise the prices of the advertising keeps dropping and the begging continues and continues, agree yeah George I agree with you it is all Propaganda crap!In addition the few Realtors making money have extravagant marketing straegies and run all over the State to make a sale outside their normal area.
jonah70757 2 years ago 2
darkcloud -- you have a pt.
They were reporting month-to-month...not year to year. Feb sales will exceed Jan, and Mar will likely exceed Feb & so on. In part coz of the tax credit & partly because that's the best season for home sales.
Now, some areas are far worse than others -- here in Texas some areas had a 10%+ increase in home sales so that means somewhere it was likely 0% -- maybe Southern Calif & Miichigan & if they keep up the gloom there we may have a pity party for them.
DillonX 2 years ago
Dear George, You are in an area that has always been crap. Even in good times... Try Brentwood, Beverly HIlls , Santa Monica. Or Malibu... You will see a totally different senario. I agree the economy is the shits. But It seems to me, you are very biased. So you can pitch your doom and gloom mindset.
canarsiemarsie 2 years ago 6
@canarsiemarsie Uh no, Riverside hasn't always been crap, and you don't know what the hell you're talking about.
ripperduck 1 year ago
Springtime is the perfect example of a bear market rally. No matter how bad things are, there will be a rise in home sales from Jan to Feb and from Feb to Mar, from Mar to April and Apr to May
jemini10 2 years ago
When I look back at all the crap I learned in Grad School it's a wonder I can think at all. But then my higher education may have hurt some, I can't get a job flipping cows at the Angus after all. Foreclosed Homes- Give me those plywood windows, I love to see those graffiti markers makes me scared to get a donut even more Oh yeah!
ghosty426 2 years ago
The media is reporting month to month sales, which means if Jan 09 was really bad, that Feb 09 improved by 4.7%.
The media wants to show any tiny amount of improvement.
If you are to compare year to year for any given month, then you'll get the decline numbers that you are referring to.
The media is owned by big business & the leaders of these institutions want their stock prices to rise so they can sell their option shares.
javagator001 2 years ago
99% of T.V. is either propaganda or mind numbing stupidity.
buyred 2 years ago 4
Might mention that during the Reagan years they also put into effect a home tax credit program which was effective to some extent in bringing back the home mkt which is why they wanted to use it again.
DillonX 2 years ago
TheCZman-good question.
From what I understand if u bought a home for $80kor more you could get a tax credit of $8k. I believe they include SS tax so that may cover many people.
But suppose u paid in $3,000 & owed $4,000. Normally u'd be paying $1,000 in additional tax, but now u'd get a check back for $5,000.
I do not believe any part would be taxable but Ive not seen anything specific.
Nonetheless with prices down, int rates down & the $8,000 tax credit 2009 is a good time to buy.
DillonX 2 years ago
Look at all those toxic assets. This is what they will be selling in hopes of getting out of the financial mess.
VisionQuest2012 2 years ago
Hey George, this is unrelated to your video but wanted to let you know... by clicking on Earthlasthope's recent video entitled "Cryptic Video - Chemtrails and the Illuminati - Part 3" the video wouldn't run and I got the message "This video is not available in your country". This is the first time I've ever seen this message, I've only heard England's youtubers complain about getting it. Interesting new development.
lightleague 2 years ago 2
Should've mentioned the new govt' home purchase plan:
a) Applies to a home, townhome, condo, or even on a home u have built so long as u get in during 2009.
b) Although this is for "new" home owners if you've not owned your own residence for 3 yrs u quality. So if u got a divorce 3 yrs back & moved into a rented condo, u qualify.
c) If u pay your 2009 taxes early & then buy in 2009, u can file an amended tax return & get ur money back
d) Look for next mo sales to also be up..
DillonX 2 years ago
Sorry, meant to type that the new tax credit went into effect in Jan & not Feb.
DillonX 2 years ago
wow
UDoHaveMyName 2 years ago
George you rock!! Keep it up! Please post a video of your expertise in these issues. Recent viewers might not know your background.
juslilme3too 2 years ago
You're wrong.
Feb. was the 1st month ppl started using the new tax credit (unlike prior credits needn't be repaid).
So if I buy a home for $80k in Tx, the govt will give me $8K if I haven't owned a residence for 3 yrs. ($80k Tx home = $160k Ca home).
If my tax bill is $3,000, they'll pay that & cut me a check for the difference.
And some sts are giving an additional tax credit. So never in USA a better time to buy but only good for 2009..
So sales up but some areas still suffer.
DillonX 2 years ago
Nice to learn. I need more information though. In your example, you receive a 5000$ check to cover up for the difference or are 5000$ to be reported on your next year tax bill (new cut by 3000$, leaving you with a 2000$ rebate to come)
TheCZMan 2 years ago
if you buy a home in Texas you will have a 3% property tax and a $400 a month electric bill.
darkcloud2211 2 years ago
Comment removed
DavidGilmourRox 2 years ago
The Annual interest on the 57 Trillion in US Debt is 2.4 Trillion. The government is 15 Trillion in the hole which adds up to 600 billion in annual interest tacked onto the budget. The US and UK can no longer find buyers of this debt and with GDP declining and debt increasing, look for hyperinflation by the end of the third Q. The end of the first Q is next week...well timed with the G20 meeting in London where an open revolt to dump the dollar will gain momentum. These trends lead to War.
minstral2 2 years ago
were not paying interest on future entitlements, your numbers are waayyy off
darkcloud2211 2 years ago
Which numbers are you talking about? The Government deficit of 15 Trillion at 4%? The 57 Trillion of American dept held by Banks that are held, packaged, traded and sold around the World at a modest return of 4%? That number could actually be higher but the defaults are insured by AIG and other insurance firms that the US Govt. continues to bail out.
Or the additional Trillions being borrowed from the Fed at .25 to 0%? You tell me what the numbers are if you don't agree. Prove it!
minstral2 2 years ago
Congratulations, your the first person to peg the amount of "packaged debt" , which we do not pay annual interest on, sorry, your statement is clear, you were stating we have a $57 trillion dollar debt to service, we don't, you can word it anyway you want, post the numbers. I just looked at our debt obligations, they don't come any where close to that, not even close...
darkcloud2211 2 years ago
Then why is your government bailing out the banks and AIG ins co.'s?
You should not be responsible, but then the government is bailing out the US packaged mortgage debt held by offshore banks arent they. Thing is, no one will buy American debt anymore, so where does that leave us but with a Fed Reserve that has decided to buy treasury debt that the Government accumulated bailing out the Banks!
The money the government is using belongs to the future. This is the biggest heist in history!
minstral2 2 years ago
57Trill includes Social Security Medicare and other unfunded liabilities. I have actually seen Federal Reserve Figures that approach 100Trilll.
jonah70757 2 years ago
you're a great reporter.... good job
eachtem 2 years ago
you keep saying these reports were "wrong....wrong".....
they weren't "wrong" ...the sources of these reports knew goddamn good & well that what they were putting out there was LIES.
this is why i pay virtually NO attention to mainstream media. i do not watch mainstream news on TV....mainly because i no longer even watch TV....haven't for over 2 yrs. now.
turn your TV's OFF, people!
ZebZachary 2 years ago 2
Thanks for getting out in the field and showing us this footage. Heck, Detroit looked like a war zone when the economy was good. If I'm ever over that way again, I'll try to find an armored car so I can get you some current film.
RodneyHampton 2 years ago
Thanks for giving the real news. It's only common sense that if there are no jobs, then everything else goes too. Question: why do economists say that jobs are the Lagging Indicators? I've heard this many times. They say unemployment is the last thing to improve.
alycephoto 2 years ago
Excellent post. The real truth about what is going on is hidden. If you have a chance, I have a video you might find interesting. Click on StigmataBOB1 and view video Depresion of 1990
StigmataBOB1 2 years ago
Why don't you interview them: 5:35 . I think it is interesting for all to hear what is currently going on in the minds & homes of ordinary people. This you showed in your video 'California Mother Struggles with Unemployment...', for example. Not that they aren't also extra-ordinary, but they're not prepared as you are. With you we share a common mindset already, so it's good to also hear from neighbors etc, and see how the pulse of the street goes. Thanks anyway for this & all your videos.
miguelsotoseudonimo 2 years ago
The mainstream media fudging figures for the sake of ratings? Surely not. Good work George, I suspect this bear market rally on the DOW is also manipulated. Get some more suckers in who think they are getting shares at a bargain and then market tanks again.
stewart0312 2 years ago 2
Great video george! A 'warning' to people to not get sucked it! Kudos!
Elaine02424 2 years ago
This has been flagged as spam show
Fed policy is designed to impoverish Americans and transferring the wealth to asia, by pumping dollars for Americans to consume and Aasia to produce.
SilverRose09 2 years ago
You r opinions are based in the small look at your town/city. People most likely bought homes for a firesale price in desirable areas.
That said, I do agree the media does emphasize good parts of the news and throw the bad news under the rug. Most people just read the headline.
kenji4861 2 years ago
I drove by Rockford Airport (RFD) yesterday and the parking lot was full and many cars in overflow. also a conversation with my health food store chicky (Choices Market, Loves Park, IL) yesterday she told me that she's expanding. Not that it won't change but right now these are 2 sectors that appear to be cookin.
Just my 2 centavos.
coffeeseven 2 years ago
Maybe we need to set a date for everyone not to watch the news.
Michelle31015 2 years ago
another kickass video from george! thanks bud
FelipeSparx29 2 years ago
Thank's for exposing their bullshit George. The mainstream propaganda machines are losing all of their creditability.
slipcurve 2 years ago
That video looks nothing like what I seen on KTLA. ?? I miss Hall Fishman. 2 houses went up for sale on my street here in small town PA. I hope it doesnt get California trashed. Particularly the graphitti.
turboredcart 2 years ago
thanks for that
paula2ajalaking 2 years ago
A very good video! Thanks George!
robert4you 2 years ago
great video george!
Annihilate3275 2 years ago
So where do all the people go???????
AURealis3333 2 years ago
Family, friends, or homeless. There are many homeless families.
Rustyshackleford08 2 years ago
tent cities, homeless shelters, cars--- the usual.
GenXintrovert73 2 years ago
Good video George, although I have to tell you, just a little concerned with you going into these kinds of neighborhoods with a camera rolling.. could be just a little dangerous, if you know what I mean.
Boomer1949 2 years ago
your latest video's have been great George, Thanks
mysacredhonor 2 years ago
Thank you for this excellent information.
dontblamethemessenge 2 years ago
great vid again man.
xesiria 2 years ago
great video george!
Don't listen to the media, look for yourselves everyone.
Jcabartlett 2 years ago
George, many people from Europe, Spain for example, are buying houses in US in places like CA o Florida, I can guarantee it is true. I feel like if you all guys prefere that the market keep down. In Spain more houses are being sold than in 2008 because the huge preice reductions.
sesmoreres 2 years ago
Of course, it is true and it is old news. Not only Europe but Asia and South America. Yet it is hard to find hard data on this phenomenum.
TheCZMan 2 years ago
I wont hide it: US MSM jobs are jobs I should have aimed to do (it was impossible but...) These guys have no objectives of results either than their popularity. Fact: despite being proven wrong and wrong over times, US people keep watching them because the MSM in the US is a matter of love: either you are loved or you are not. You can tell everything you want, it does not matter, you have no efficiency objectives other than being loved. They will be judged with their cherished status...
TheCZMan 2 years ago
They were right, home sales were higher in Feb. The thing is Feb sales are always higher than Jan every year though. Plus, they were only comparing Jan 09 to Feb 09, not Feb 08 to Feb 09.
a012345 2 years ago
Detroit has a 22.2% unemployment rate. There are abandoned neighborhoods. Whole neighborhoods!!! No one wants to live in Detroit.
kidbilly1970 2 years ago
The media/Govt. is propagandising over here in Ireland too - check out very bearish forum thepropertypinDOTcom.
There's even a media war on "doom-mongering" here.
House prices still around 200k but still sinking too.
Totally dependent on jobs and demand as you say, George - few more jobs being created as tourist season picks up now but much more being destroyed each month. If Obama gets the American Big Pharma out of Ireland we're totally focked.
machinenation 2 years ago
~The day the main stream media is actually right about something will be some news!..lololol
~Definitely ripping on the news, not you George...but im sure you knew that =p
5***** for keeping the info accurate!
SheepDoggOne 2 years ago 2
i know people buying a house in california for 230k ish and i tried to stop them. They think im crazy telling them it could go down 50 percent more.
dx11101 2 years ago
My sister bought a new house in london i n feb. I told her she was mad, that prices are 60% too high. Prices have dropped 20% since. Then again my family stick their fingers in their ears and sing la la la la la whenever I try to tell them any truth. They aggressively defend their ill informed beliefs. Unreal!
arcanekrusader 2 years ago 5
Sometimes, the ONLY way some people will ever learn, IS THE HARD WAY.
I love my family, although I tell you what, they are mostly, as thick as thick can be.
As you say, they just DONT desire to know what really going on, they stick their heads in the ground, stick their arses in the air, AND THEN JUST WAIT FOR SOMEONE TO 'SHAFT' THEM.
I cannot relate to their mind-SET, and you obviously cant either.
NOTHING will ever sneak up on me, I AM SURE I WILL SEE IT COMING.
NowisEvollovetion 2 years ago
unreal arcane i'm seeing the same thingg here even when you confront them witht h cold hard truth
george4title 2 years ago
Home prices are still over-priced.
edmondov 2 years ago
I hope your right buddy. But there is always the next month to look at.
edmondov 2 years ago
be ready for the real tribulation in late May to begin. I have vids related to it.
galacticwacko 2 years ago
stock tip... buy stock in plywood , spray paint ...companies..
aceyorba 2 years ago 2
You mean that the realtors would lie to us... Howd a thunk..
SOTE's
don't forget "now is a great time to buy"
we are screwed
aceyorba 2 years ago
My neighborhood is starting to go to pot. My street looks good but the cross street is starting to show some stress. Quite a few homes sitting with for sale signs for the last 6 months. At least 3 are empty due to foreclosure. We also have a number of homes that were once owner occupied an well cared for, but now have been sold to investors and rented to some seriously disfunctional folks. Homeowners sold them to get out of NY and the High Taxes. This shit is ruining my neighborhood.
silentrunning2 2 years ago
So who would have guessed that Wall Street would manufacture lies to bring more Suckers into the "Wall Street Casino" so they can be fleeced for whatever they have left! Look into those supposed $1 homes, they have to pay current property tax rates. They also have in the contract language, property upkeep requirements or the city is happy to assess fees. Some cities send Work Programs out to some of these homes to mow lawns and trim and then send you a high $ bill that you have to pay.
Rizky06 2 years ago
hmmmmm..
Interesting and devious too. Didn't know that.
powermousey 2 years ago
Peter Schiff said that home prices could go down to 1930s prices.
CaligalinLibrary 2 years ago 2
Even Peter mentioned that his father bought a house for only 2000$-and what was wrong with that?
Answer:nothing.
joel1923 2 years ago
FEMA camp videos are more believable than MSM economic data on homes sales! what is the world coming to! haha!
latinguyhou 2 years ago
In Japan I believe home values fell 90% in their depression.
FatLibertarian 2 years ago
Thanks man for the update. Great video. Very good point about how to predict whether or not housing prices will go up or down - jobs! Have a very good one bud. :)
starlitopensky1 2 years ago
i believe you main streamAmerica just wants to make us all think the economy is getting better thats all i watch the tv and i do not believe it what so ever all anyone needs to do is just look around them and they can see the real story for them selves our world is crumnling aournd us stil and we have a president that just doesn't care either
dunn98632 2 years ago
Thank you for the great information.
POSSUMTOHIDE 2 years ago
its only getting worse day by day!!
Armor71 2 years ago
Right on George
lw62005 2 years ago
I bet the copper thieves are hard at work.
mrchrismcphail 2 years ago 2
What else is new George. Not bashing you, but the official numbers from our Govt. always has been and always will be cooked.
uclaztec2 2 years ago
MSM, wrong or lying?
I think we know which one....
doobsta 2 years ago
much better video than last, thanks!
mcgrawtim123 2 years ago
NBC Nightly news showed Fresno Ca's homelessness and its pretty bad here ....real bad
WakeUpNow2012 2 years ago
Excellent- thanks
whiskerchild 2 years ago 3
thanks for the post bud!
hermbilliamherm18 2 years ago
i'd like to take a bath with angelina jolie! hahahaha .... great vid, george.
chingon711 2 years ago
We know.....this is the Countdown to Extinciton. I hope everybody knows Jesus Christ.......hes coming back soon...and Boy is he pissed!!!!
comazzi07 2 years ago 2
but obama said this is the time to buy?
sealhunter5 2 years ago
Baa!
KASPLARFO 2 years ago
Good luck on your new gig. Give 'em hell George!
jdmick 2 years ago
Thanks George , Great on the street reporting .
5 Stars as usual
Great visual on all the boarded up homes
pinkfloydmoon 2 years ago
Materials....Substandard
Workmanship, Instalation......Poor, Very often Negligent
Mantainence.......Needed, rarely done
Preventitive Maintaince....Non existent
Resources...Taxed to the limit
We cant keep building these homes over and over, there is no integrity left...
ToadHypno 2 years ago
George, that is property that has been condemned and scheduled for redevelopment. Granted all plans by the citites are on hold, threre are massive amounts of money available in the stimulus package available through hud.
Yes the people with adjustable mortgages got screwed, but property in California always goes up, trillionaires and billionaires flourish.. This is sunny california...
hurchel 2 years ago
Government statistics are lies, really?? When did this start?
There are millions of new homes that were never put on the "market", if they aren't listed they aren't counted as inventory. Barry "Giggles" Obama will end up putting Section 8 HUD families in the abandoned homes once the full forclosure process is done. "Movin on Up" from Compton to Riverside, Stockton, etc... Families that lost their homes move from the FEMA tent cities, back into their own homes complements of taxpayers.
prescottbill 2 years ago 3
man it looks pretty rough out there no damn windows peoples cars getting towed away you'll be inside the warzone soon
walstreetpro2 2 years ago 2
good work on the street reporting bro!
LBCMADDOG 2 years ago 2
Thanks George! People here in "tent city" ....or should I say "for sale or lease", CA....are STILL in denial. Still want 265K for townhomes and alllllthe monnnney in the worrrrrld for small parcels of land. Things will get interesting this April. Hang on!......Businesses are leaving in droves to avoid all the new taxes coming. Cigarettes are going up 2 dollars a pack in April....everything else to follow...?
Tent City, CA
dgmoocher 2 years ago 3
This is right Geroge even Fox News is reporting on now that the real estate market is down. You hit the bulleyes on this. I believe that people not paying there mortgages is more than 5% nationally like every news station is reporting.
AudiA4AS 2 years ago 2
George, what do you hear about the commercial real estate situation? Also, Alt A and prime defaults about to hit the market...
Astrocreep69 2 years ago
Loan Modification Co's in South Florida are as abundant as Avon reps in California. They're right about citing statistics but when YTD % is down conservatively at 41% , no one gives a damn about a short-term 5% anyway. It's probably Chinese and European investors getting a leg up on repossessing real estate in lieu of our soon to be official National debt default. IMF news, G-20, China new currency, Russia gold standard, UN ambassador...what more do need?
bondthewall 2 years ago
Excellent information George, great work.
I love your videos.
pomnew 2 years ago 2
WIth these houses shut down and people start to move in together to stay alive and be with family more this could turn to be a good things actually. By having the houses shut down, there is less water using, less lights usuage, and less everything actually. SO we are actually saving the planet if your thinking about it...
GalaxySmith18 2 years ago
Here in Chicago the new trend is failing business owners are starting to burn down their businesses to collect the insurance money. In Joliet, a suburb outside of Chicago, the Empress Casino was torched. Estimated damage
$280 million!!!!!!!
traynickel 2 years ago 3
Wonderful Video George. Taking a financial shower is more like it. The Oysters pulled the plug on the bath years ago. We know all the main stream news are in cahoots and controled by The- Oyster. So why should they lie to people? What's their gain eh?
ghosty426 2 years ago
Watch it George you just might get raped in that neighborhood since your so scared. Just joking. But seriously, good job on your first hand reporting. Keep the videos coming. Oh, you might not want to be around their when it gets dark. That is when you really have to be worried. I should know, I have family in these types of neighborhoods. For me no problem.
NRH117 2 years ago
Great work!, Thanks for the real news.
deanphilpot 2 years ago
It's amazing how all squalor look a like, that's a run down section of Ca. but it could be anywhere U.S.A. there's parts of Florida that look identical as I am sure every major city harbors such dilapidated shit holes. Good work George, keep exposing those lying pieces of garbage in the media and stay safe.
Eyebeemz 2 years ago
I agree with Trala52: State your sources. Year over year data is a more common usage than month-to-month data because of seasonal variation in home prices. The real story here is why the mainstream media were so eager to accept and consume the month-to-month statistic instead of asking for the year-over-year statistic.
bmarmie 2 years ago