Been warned - Real Estate Bubble Burst!

[gordyt99]

Canadian markets are now going through what USA ones experienced when this news was released.

[seantube21]

Calvin Goad (Re/Max) on San Diego real estate 7/22/2006 "Right now it's the perfect time because it's a buyer market..." I realize hindsight is 20/20, but come on Calvin...did you really believe that?!?

[aTibetLover]

"The past is a guide. The Japanese Real Estate dropped 90% from its height in 1990's and still haven't recovered. The Hong Kong market dropped 70% and has yet returned to its previous level. The US bubble is comparable if not bigger than those two bubbles. It's going to be a long and painful crash."

[americanplanninginc]

I LOVE THIS VIDEO ARTHUR ROBINSON

[kng863]

Humm. Well, this was bound to happen when public servants (teachers, cops, firemen) can't afford to live in some of these places. Wages haven't grown to keep up with inflation. Everyone gets priced out of the market and so we have a glut of homes. Homes used to be a place to live, not an ATM machine. What really irks is that even the high-income earners got caught in this mess, thinking they could sell a $1million home to the next flipper. Now they're knee high in debt and trying to sell.

[dejavin]

Indeed it's all about basic algebra (Youtube:exponential growth) and the psychological threshold of 1M US$(Google:Money as debt). 5% growth of salary/year means double salary in 10y.If you can afford to pay 4000$/month now for a 700K home (NO INCENTIVES) cutting let's say 66% of your net income(+2k personal expenses)in 10 years will be 40%(remain 6k to spend!)in 20 years will be 24%(12k left!),in 30 years will be 15%(22k left!).Time costs too, I'm 36, plus waiting = pay more rent!!!

[ospTube]

LOL he said in July 2006 "It's a buyers market"

IDIOT

[lasttoknow2]

Don't trust real estate agents !

[dan020350]

I love it , when america is crying

[WNOE9BLOK]

lets talk about democracy slave wages and homelessness, actually , dosent matter what regime it is , if there is economic growth and inflation in it , society will eventualy go poor, homeless, and hopeless.Prices of homes rose 12X since 1971 from 18.000$ to 200.000$ in 2005, RENTS WENT FROM 250$ TO 1000$ a month. Salaries hardly even doubled since then, you do the math

[alanhowitzer]

Good news if you want to buy a home?! Real estate prices have barely gone down where I live after a 200% increase over the past 10 years. What kind of great deal is that? NBC F'ers!!!!

[decevec]

This report is deceptive because the Real Estate market is not headed for a landing... it's headed for a crash.

[lennyfest]

anybody that decides to buy property now is a fool real estae in america will decline a min of 20% this year , even more in certain areas , real estate went up 20% a year for the last 5 years it could very easliy go down 20% a years for the next 5 years , dont listen to real estate agents telling you its a great time to buy, thats bull shi t ,, realtors are liars , dont trust them .. dont buy wait and save big money ,

[aTibetLover]

Real Estate prices will over correct itself and go back down to 1995-1997 level, before the bubble begins and stays there for a while.

How it ends will be like how it began.

[lennyfest]

anybody that is thinking of buying a home in todays market need to wake up , wait dont buy , housingwill drop big time , could you afford to spend 100,000 more than you have to ,, dont buy ,

[SOLOCLANTON]

less people qualify - nobody an afford the payments - prices are 5 to 10 times what the working class can afford - this is going to be historical - numbers don't lie - nether doe's economics 101 - wait at least 2 more years or whatever you buy will trap you in negitive equity - unless you wanna be a fool.

[CreditTipVideos]

During the prime virtually anyone could buy a home. Everyone splurged without considering what they were really getting into. First time buyers were getting loans for interest only which were set to adjust them right out of their homes...

Unfortunate unless you rode the wave...

[mmouillar]

"Nothing can save people depermined to grow suddenly rich"

[knarko85]

Come to Europe...buy property abroad..buy in Greece.. greekhomes. info

[Silverfilm]

Coming in for a landing, eh? Here's hoping it's a crash and burn. Housing has historically only barely kept pace with inflation. Those who have presented it at an "investment" and have driven prices into stupidville (whether investors, buyers, brokers, lenders, government, whatever) have earned a special spot in history. I'm almost hoping that there's another 1929 style crash.

[neothomist1275]

You'll get your wish, Silverfilm. But this time, "the Greater Depression", America has no industry and is a net importer of food.

[IU90]

Don't listen to the toupee'd shill for Remax flinging the "perfect time/buyer's market" BS. Those worms from the RE industry have no shame. This thing has just begun to let its air out. The real "buyer's market" won't even begin to peak for at least another 8-12 months.

[Stemolandmar]

Wow! That's some crystal ball you've got there! Thanks for the tip!

[DoctorJohnJGibbons]

IU90 is right...it's a slow moving train wreck. Got popcorn?

[bottleovodka]

IU90 is definately right.  It's still worth it to wait.

[fuzzywzhe]

He's entirely correct. Every single real estate market downturn in the United States has taken YEARS to unwind. The only reason you expect it to be different this time, is that you don't know this.

[Edo111567]

Five months in, he's absolutely right. The only correction is that its now looking like it'll be a lot more than 8-12 months before this disaster finally gets to the bottom.

[ksocean]

We'll see how "orderly" the market downturn will be. Wait for spring 07. Don't listen to the idiots who say it's a "buyers market" now. Nobody should buy at top of market and get saddled with huge amounts of debt.