Profiting from the Crash - USA

[psucarrierae]

Ron Paul's stances on fiscal issues have not changed at all since I posted this comment over 3 years ago, and he hasn't gotten any closer to Reaganism for sure. Ron Paul predicted the financial crash, tried to raise the alarm on derivatives and phony financial practices and no one listened then. Well, people are listening now! I was smart enough then to know that Obama did not represent real change, and I was vindicated. VOTE RON PAUL 2012!!!!

[darwincity]

Some people have understood the Emanuel maxim: "Never let a good crisis go to waste".

[RoniCMaster]

Why do you think any sane bank manager would make loans to people who aren't likely able to pay? It was thanks to the government who passed the Community Reinvestment Act in 1977 and subsequent legislative changes that force banks to make bad loans. They were even given quotas on how many bad loans they should make. The banks that heed faced relaxed regulations, those that don't faced otherwise. This and Wall Street jumping in the bandwagon with their derivatives caused this mess.

[RoniCMaster]

Now's not a good time to buy, not yet. The economy will face a depression soon with the stimulus dried up and the anemic growth over the last few years made up entirely by government debt and the stimulus package. So housing price can still go lower. So, my advice, wait a little longer till the depression hits its worst point. That'll be a good time to buy as many as you can afford. Then hold on to it for however many decades till it all blows over, that's when you sell.

[creten69]

these ppl are as stupid as the ppl who bought originally. When we go into depression, only the fortunate will be able to afford 50k homes. Thats where were headed , so wake up morons.

[LeftLiberalSoCal]

Wow. This is great for the average moron.

What?

Ok. I'll explain, since you are too stupid to think for yourself.

The purpose of these REALTOR group bus tours is to start a "mini bidding war" on the houses.

Fools. NEVER TRUST A REALTOR. They are the biggest liars on earth.

DO YOUR OWN HOMEWORK. The Realtors are just useless middlemen in the way. You can find a fantastic house all on your own without them.

[inkey2]

I understand why this trouble all started...BUT what I don't understand is how the "shit hit the fan" all at once

[kjack5]

Stinky shiit has been hitting the fan for a long time because every time Bush opens his mouth he lets out a giant burb/fart-because he is speaking out of his ass!

[tincoffin]

A very good point inkey2 - all I know is that I dont think Alan Greenspan knows either !

[projectdurden]

HAHA, he said Americans are going to be "watching their pennies" and they showed JC 'Penny' bag. Funny and Good timing.

[11001010110]

I was the only one on YouTube that predicted September 29th over 400 days ago.

[creten69]

i was the only one in the world who made 911 happen 8 years ago, my bad.

[ohnoesfedzilla]

i heard the us treasury is going to bail out banks that are gona go bankrupt. sucks for us cuz were gona have to pay for it :(

[beverlyzz]

This mess is very unfortunate. How many people were accepted with just stated incomes and bad credit? Seems like everyone had a part to play for the moment.

[mblight68]

vaporgenie sorry but you are wrong. There is a limited number of houses available and when this foreclosure thing ends around 2010, those houses are going to go right back up to full price...that is why there is a bus full of people. I only wish i had the resources to go out there and get one of these deals. There is no mess this whole thing was planned from the start, to put an end to lending to people whose credit sucks as the government was demanding.

[LeftLiberalSoCal]

By "full price" I'm assuming you mean 2005 bubble levels. If so you're wrong. The only thing that will push these housing prices up is high inflation or a return to inferior lending standards. Otherwise housing will return to it's pre-bubble levels.

Only a fool would go on a "group bus tour". The Realtors want to create a mini bidding war. If there is one thing people should have learned from the housing bubble it is this: Never trust a Realtor.

[vaporgenie]

These new speculators are fools. They will lose their money, also. Housing is going down for years to come.

[HalcyonRain321]

if you buy one of these homes you are bailing out the scumsucking speculators and banking institutions who got us ALL into this mess in the first place.

[machardo]

The people who got us into this mess are the dipshit subprime morons who signed on for more than they could handle. They didn't rationally think it through. The blame lies with them.

[HalcyonRain321]

You're right, machardo. The people who signed on the dotted line were dip shits, and that's exactly what the mortgage brokers counted on.

They knew average folks wouldn't understand the bottom line and would believe what the so called "experts" were telling them . . .

"Why yes, Mr. and Mrs. AverageJoe, you CAN AFFORD this! And I'm here to show you how."

With snack oil and sanctioned larceny the brokers got their commissions and the AverageJoes came to know the meaning of foreclosure.

[LeftLiberalSoCal]

Halcyon is right. However I am appalled by the free pass that Realtors have been given in all this.

[heinj98]

The economy has grown for 6 straight years? Yeah, it has, but if it grew any slower, it'd be shrinking. This administration has a horrible job creation rate. Saying that economic growth has 'slowed' is the biggest understatement I have heard in awhile. If it slowed down any more, it would be stopped if not in reverse.

[machardo]

I just need to say: look at the figures, re-evaluate your statements.

[mialst]

it is the banker scum

[psucarrierae]

PLEASE WATCH: The US Economy, the Dollar, and Presidential Politics.

[psucarrierae]

Want real finance reform? Vote for someone who would abolish the Fed, the IRS, and stop the "Corporate Welfare" system. VOTE RON PAUL 2008!

[Mangina9000]

@psucarrierae Except Ron Paul is now running as a supporter of Ronald Reagan, so you're wrong. Nice try though.

[frnnk]

Oh suuure. Blame it on an extreme minority of those capable of buying property for scavenging on the remains of broken homes. IT'S THE BANKERS, PEOPLE! jesus.. you don't have to be a conspiracy theorist to see the conspiracy.

[mufasa10811]

you are absolutle right ..who can fuck those banks.. i gues nobody and thats sad.

[RoniCMaster]

@frnnk Dude, it's not the bankers, it's the government. Congress passed the Community Reinvestment Act in 1977 and required Fannie Mae and Freddie Mac, 2 quasi-governmental enterprises, to allocate a percentage of their lending as subprime loans. They had banks join in on providing these risky loans through changes in the rating system. Banks that made bad loans would have less regulations. Of course, this was a popular move intended to win votes but it created a market where there shouldn't be.

[hapet02]

good news... our economy is going down!

[akeffo]

The banks decided that getting a mortgage should be as easy as buying a loaf of bread. The people buying were not qualified and the banks don't care. It's a combination of lack of financial discipline of the buyer and greedy banks. America is a third world joke.

[CheeezMaster]

ios it me or is the dude at 02:40 wearing a bow tie?

[dave98503]

screw

the economy.

I'm not affected by it

Ha Ha Ha Ha Ha Ha Ha Ha Ha. lol. :)-

[CheeezMaster]

how do you figure, sport?

[sashiadortman]

Where do the people who once "owned" these homes go after foreclosure?

[ricsen13]

beg green cards in India.

[cflying]

Democrat or Republican what's the difference? They both want to spend the US into a hole. Ron Paul is the only candidate that offered any sort of real economic change.

[bargark]

bush and cheney have been spending like drunken frat boys who just won the lotto.

[Raddbob]

realistate is fucking gay, i wish i could burn down mansions without being called a lunatic. I cant wait for a pandemic to cleanse the world of evil.

[kingrocker44]

Hmm, a case of jealousy perhaps?

[jobson2000]

ki lam udders!

[therealcellardoor]

the corporate hoar hemerages

[SPACE3200]

this is what living above your means on credit gets you

[SPACE3200]

you think its bad now weight for the other 10 million houses hit the market

[SPACE3200]

we dont do killameters in the us

[kingrocker44]

It's kilometers. Learn to spell.

[SPACE3200]

Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy,it deosnt mttaer in waht oredr the ltteers in a wrod are,the olny iprmoetnt tihng is taht the first and lsat ltteer be at the rghit pclae.The rset can be a total mses and you can sitll raed it woutit porbelm.Tihs is bcuseae the huamn mnid deos not raed erevy lteter by istlef,but the wrod as a wlohe.......SMART ASS correct all that LMFAO

[WithinTimeandSpace]

Yes, but note how you added and omitted letters that don't and do (respectively) actually exist in the word 'Kilometres'; and even in your deliberately incorrect paragraph, you either added or forgot to add letters in some words. Hence this little piece of 'research' has no relevance to your original and continued misspelling.

Learn to spell.

[feng456]

good job copy pasting. like WithinTimeandSpace says, u didnt mess up the order of letters, u spelt it wrong. there is no "a" in kilometres.

[bluenote71]

firefox browser has built in spell check, for the spelling challenged among us. bluenote71 is one of those people.

Good spelling courtesy of firefox. :)

[OkeyPlus]

urban legend about that "research" btw

[stealthgerm]

does the spelling make the message any less?

[kingrocker44]

Maybe not but it does give the impression that: a. the person is too lazy to spell properly or b. it reveals a person's poor educational background

[stealthgerm]

so what? shakespere could not spel his own name .does that say he was uneducated?einstien did'nt do math very well,our president cant put a sentence together.tell me again how important spelling is.i do believe utube isnt about great spelling

[kingrocker44]

I didn't say 'uneducated'. I said 'poor educational background'. By the way, the apostrophe usually goes after the letter 'n'. hehehehe

[stealthgerm]

anal perfecionist? all the while we ar'nt addressing the foreclosure subject.apostrophe he he ?and we avvoid the subject at hant

[kingrocker44]

'perfecionist'? 'awoid'? Tell you what Elmer Fudd, don't live beyond your means and if you have the money, buy a foreclosed property. It's a quality buy at a low price and you can sell it later at a profit.

[stealthgerm]

who is comes out on the short end of the stick.imagine a person loaning a bag lady a wad of money expecting to be paid back.who gets the equity ?when the bag lady cant pay?the stupid person who loaned the money ?would you call that a poor bussines decision? shouldnt the stupid bank share in the loss?what of the cost on the society that the bag lady and the bank are in? does regulation come to mind?