Foreclosed Homes Sprouting Up Over Night Economic Collapse Crisis Real Estate

[JaxInvest]

Great channel! Just wanted to drop in and say hi!

[troybrownrigg]

We never had any real jobs in the state. Just a bunch of house flippers trying to make a quick buck. Countrywide and the rest all to eager to loan money to anyone who had a pulse. Don't worry the illegals will find these empty home to put 50 to 100 illegals in them overnight!

[babyamyleegirl]

Good stuff .

[Anothercoilgun]

Did you just mention the W word? :o

[bigdkntexas]

Good....

[clarkewi]

Looks like some DEALS to be had (if you can find tenants).

[mja2035]

This is not good for the people who still pay their mortgages. That home with the power wires behind it will especially take a financial hit. Maybe you can find out how much for these for sale homes. Have a nice day Mike.

[MrArizonaGuy]

oh bye the way new jersey SUCKS , A communist ghetto state in shambles

[neanam]

@MrArizonaGuy I thought most of jersey was rich with the exception of camden trenton

[MrArizonaGuy]

@neanam , nope , i lived in that cesspool for 31 years , there are some nicer areas up central / north nj but most of nj is poverty level ,

If you go 1 block west of the Atlantic city casinos , you are in ghetto land ,

Nj has about the highest property taxes in America , They are antigun , everybody is on welfare / foodstamps / total ghetto land in my opinion

[neanam]

@MrArizonaGuy Well 31 years will teach you a lot so I belive you.....snookie and company seem to be in pretty good shape though

[MrArizonaGuy]

my home page , the Drudge Report has an article headline indicating that 11% of homes are now empty

[radroofer]

After the bank told me they wouldn't work with me they tried 4 times to auction it with not so much as one bid. Then they bent over backwards to help me.

[skyding8962]

If I had to guess the people that got foreclosed on scrapped the garage door for cash and threw their dirty bedbug and crab infested mattress out.

[ArizonaPublic]

@skyding8962

Thats a good guess... I was thinking the same thing about the garage door... I wanted to walk up to the side of the house just to see if the copper was taken or not but didnt want to be accused of any wrong doing either... Cops over here drive unmarked everyday cars...

[skyding8962]

@ArizonaPublic

Its legal to walk up to a house and peer in through the window. I know cause my dad got pissed at some suspicious guy peeking in the vacant foreclosed home in our court and called the cops on him and the cop said there really wasnt anything they could do for that.

[skyding8962]

Banks are now saying for sale signs when they are actual foreclosures because they dont want to invite criminals.

[babaloo42]

its to bad you have a title next to your name.. an electrical contractor and no job. ive been to college twice and my second career choice pays the bills but i was unemployed for 5 months so i know how frustrating it is. be a good role model and go to school so you can be jobless.

[skyding8962]

@babaloo42

LMAO now that is funny. Go to college and expect a job. Thanks for the laugh kid.

[babaloo42]

@skyding8962 it wasnt meant to be funny. im glad you have a good sense of humor. im old so i went to college years ago. you would think that a license/degree would mean something. thanks for the reply. its a hard luck life for sure. big smiley to you :)

[jjaayypp963]

I see you are back in buiseness! Just out of curiousity, if the banks that own those homes now, go bankrupt, and the banks that own the banks that went bankrupt, go bankrupt, Then how could anyone even figure out who owns the homes to be able to buy one? LOL ... I got lost just writing this down. Either way, it ain't looking good.

[ArizonaPublic]

@jjaayypp963

Yep - I'm back in business :) ...Hmm, To answer your question... I don't think they would even know who owns the home. I guess it just becomes property of the state?..You just got me confused too....lol

[mrcaymanislands1]

Thanks Mike great vedios,good up dates on the way our country is. Keep up the good work!

[ArizonaPublic]

@mrcaymanislands1

Thanks for the kind words, I appreciate it.

[elam7batura]

Without Ariz'Pub' & like so many alarm bell ringers, I wud still be an entertained couch potato laughing & marching to slaughter house like the majority folks 

[dragasoni]

Excellent reporting as always, Mike!

The Phoenix was hit hard with 52% appreciation in 2005 on real estate prices. Anything over 3% per year is bad, because houses merely pace inflation around 3% per year.

It's going to take years for all that "junk" to clean itself out. Eventually it will stabilize, but it's going to be quite a while.

[stevesmitty79]

Man, I envy that climate. Just got back from shopping to add to a few cold weather prep items to the pantry. We're supposedly expecting a huge ice storm over the next two days. Should be epic. I can hole up for about six months or more. Don't know about the neighbors, but man you could send some of that nice weather up here to Missouri.

[ArizonaPublic]

@stevesmitty79

Hey Steve, Don't envy my climate too much, It was 70 today but a cold front just went through, Tomorrow it's only gonna be 60F - Thats from some weird arctic blast. The news is saying it un heard of to have the jet stream dip down this far southwest at this time of year....

[edv177]

hey mike total opposite here on the northern east coast. if i get time the next time i'm driving thru NJ I'll do a vid. nothing seems to effect NJ! plenty of work as well. you do see some homes for sale but nothing like what your seeing in AZ

[ArizonaPublic]

@edv177

wow, If you do have some time in the near future, I would love to see the footage...Seriously? NJ is booming?..If it didn't get cold there I'd have my U-Haul in your driveway by the weekend... :D

[FormalStudiesCZ]

@ArizonaPublic I lived in New Jersey for 30 + Years. Some towns ok, Most towns TERRIBLE !

[edv177]

@ArizonaPublic hey mike i am going to jersey on the 12th i'll do a video for ya = )

[FormalStudiesCZ]

@edv177 Really ?  New Jersey is Booming ? I have 30 +Years to show WRONG

[gasdorf]

doesnt surprise me .....every 2 year my next door folks move away ..thier not finding any jobs once they loose them ?

[ilovety65]

just a note.corpus christi tx,cuts gargage pick up to once a week,and delivers huge recycle can,recycle pick up now once a month.peace AP glad you're back.I bet you're bald? and handsome!

[gasdorf]

your a realestate agent ?

[ArizonaPublic]

@gasdorf

Me? A real estate agent?...No, Far from it. I am a unemployed electrical contractor.

[rudedog062]

@ArizonaPublic

It seems to me that the working class people are the hardest hit by the bad economy. That looks like a working class track home neighborhood.

[djgrooveline]

zonerpub is back on the scene. you beautiful bald man.

[ArizonaPublic]

@djgrooveline

Yeah Baby, Yeah!....

[mikethebodacious]

Shopping cart out front LOL, that is very scary! We are totally screwed, and this jobless-housless "recovery" being spewed by the mainstream media is a total lie. Prepare accordingly and thank you for the informative videos AP!

[zasubg]

nice vid.keep them coming.peace

[MsEllakat]

Good luck with the ad program on Youtube. Your videos are interesting and infirmative.Love to see videos from others who live in this area.