rather than dumping those then dumps unto the market ...probably should rather sell the materials from them to Asia.
Commodities and building materials ...up ...so, real estate can only go down to that point, where it can't fall any lower than the cost to build them.
@SavageSanDiego Well anything can happen however commodities except silver will deflate. Silver will hold or jump higher. Simply its too cheap & is affordable even @ $400 an ounce it's just that rest of a product is devalued as if ur paying mainly for the silver content. but food can't do that cause well their will definitely b blood in the streets. Or not on the verge of bailing out. How about 4get europe or europe decline. those hoping 4 Qe3 yeh right not any months soon thats mad.
@SavageSanDiego Without Rule Of Law Thats never lasted very long. Barter does not exist its just an option to exercise. Theirs very rarely a equal value of items & the difference is always greater with barter. The problem with Barter is their is nothing to trade within a acceptance & offer. Theirs no way barter without monetary exchange It ends up being more of a swap scenario. The only system ever so successful was Australian Aboriginals ancient trading system which was very complicated.
@SavageSanDiego Price of goods have come down except 4 the silver in them. Silver prices I think will steadily rise it's guaranteed even in a depression. Thats kind of what happens prices go up in a depression. But the use of technology is going up because the items r cheaper except the silver in them. No more painful than the last 20yrs. Barter keeps being tried but never works. Not understanding on how little value silver had? That's some of my take but total collapse of dollar or war with oil
@SavageSanDiego But we are in a depression well that is what I think which is worldwide it's just not on tv or well known. Its like a big secret & everyone is being told it's okay. I mean once they do that things r so bad they don't want u to know. & when they r relying on that sort of market manipulation u know times running out. As if a depression effects the price of silver anymore is the question sorry i think its needed & its not getting cheaper. Companies hav already factored price rise.
@SavageSanDiego Agreed however the $20,000 - 30,000 price of gold is the unknown bit. Silver yes it'll just be a ratio thing but in reality it is possible that silver is more valuable than gold isn't it because we need to use it & consume it etc. which if the ratio was to change & silver as good as gold then that would make it deplete slower which I think could happen? real estate estate crash Hasn't completely crashed which is %25 of the problem still? Buying power can't buy any left
@SavageSanDiego Thanks 4 the de-coding, didn't know their would be assets numbered. But in the future the assets & the list of them maybe be numbered in order. & then it would be easy, no need to invest. I see what your saying though. After the event your calling the crash though well I don't know if u might call it a crash & what to wait 4 to invest in. Unfortunately I don't think anything from what is normal @ the moment. I mean profitable investments will b the same as is now except gold
i bet wamu at one point owned half that neighborhood. thats right down the street from me, 100k of the price of that house is the river and gate they built around the neighborhood. Riverside is notorious for low income jobs, everyone that lives there either commutes to the oc or is financing through nonsalary wealth. It was so funny when my friend and I drove through the business ceneter adjacent to the neighborhood and all we saw was blue collar contractors, nothing in the financial industry
If you smellllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllloooooooooooooooooooooooowwwwwwwwwww what the BANKS - ARE - COOKIN!
He didn't 'predicted' the future. He knew what he was talking about. It is quite obvious that people aren't going to buy houses if they don't have the money to pay for it. That's why the prices are dropping down.
Buying a house for the "average" person has always been a struggle & it doesn't make sense as an investment. If you borrow $400K to buy a house & spend the next 30yrs paying it off you'll probably end up paying close to double. Add property taxes , maintenance , power & water costs , improvements , & other incidentals & you'll have ended up spending millions on your little home. Try & get that all back in a sale......Impossible!!!!!
I live in a neighborhood in Perris, CA that looks a lot like these homes. About half of the houses in my neighborhood are empty and people are still leaving. Southern California is only getting worse. People would be wise to listen to your words. Because you're right. It's only getting worse.
achhhhh i love to see the us burn!! well i know the people dont deserve this but well the government did and werent you the ones that where saying the us rocked and all that ??????....well i hope this crisis wont come to europe in fact it wont!!!cause we have experience with these things
If you think you own *any house* in the US, stop paying your taxes and you will find who the real owner is! Property taxes are the biggest form of theft since highway robbery was invented!
i would only buy the land but preferably farmable land for crops and also buy gold silver platinum and paladium. the majority of americans are not ready for the super depression that is coming even i'm not ready for it.
Trust me dude I have been working in real estate for 5 years all over the world and guess what. I also don’t own my own home.
In fact most of the big real estate guys I know don’t own their own home. You know why.
BECAUSE WE KNOW WHAT IT’S REALLY WORTH!!!!!!
I live in London and if you are dumb enough to fork out $250,000 (£160,000) on a 1x bedroom, 1x bathroom 650 square ft apartment just because it’s London then you are retarded.
The irony of all this is that Americans have allowed themselves to by rules by kings again. No, not the king of England, but the modern equivalent thereof: the big bankers. Please, American friends: Take back your country, and understand how wonderful your Constitution was supposed to have been!
The lies the evil and the corraptions that going on, is behind belive, I have my own very painfull expiriances that can blows anybody mind, I remmbers every single ditaills that happen to me but they was able to treak me and snag my house under my nose, using some bads-name's people that intreduce themselves as real-estats agents...they did wrong but I coudn't do nothing at all.
The sad thing is...even if you have a house and land paid in full, you still have to pay property taxes, so what you think is yours never truly is. And by raising your property taxes, the gov can take your property anytime they want. Just think...none of us truly have a place to call our own. Now that's sad.
@SouthernKudzu Not only that but if the government raises income taxes people will start working in the underground economy. Working off the books. So the government will take taxes were they can. Traffic tickets, vehicle registration, gas and cigarette taxes etc...One surefire way to raise money is to increase property taxes. If you don't pay, they can simple seize your house.
george4title and inflationUS is a pump and dump scam privatley own web site masked as a governmental association made to fool people. George is a scam artist. Though the information about the FED is true. beware of geroge he is a predator.Check out my videos.
Exactly...have you seen the most recent Ron Paul video? Super scary...he basically says the dollar will crash very soon...and during the following panic the gov will move forward to "protect us"...by taking more of our civil liberties. Those FEMA camps are being created for a reason...
HELL YES! The average piece of food in America travels 5000 miles before it hits your plate. There is an average of 3 days supply on grocery store shelves in any given area. Once martial law is declared, commerce stops. No money, no diesel gas. No diesel gas, no truck full of food. We literally eat our energy supply folks, in more ways than one. Seed links in my profile!
This comment has received too many negative votesshow
YOU ARE A MORRON! ALL YOU DO IS BLAB GARBAGE AND LIKE TO SIT IN YOUR OWN SHIT BECAUSE ITS WARM. jUST WANTING OTHERS TO JOIN YOUR DRAMA AND FEAR. GROW SOME BALLS AND QUIT WORRYING!
can you say where you are filming when you make your videos. what neighborhoods, etc.
one other thing. before the market crash, i remember when credit card companys were offering to give whatever cash advance you want, all at 1% interest for 6 months are more... i think so cal is worst. for worse than the rest of the country
At 3:08 ... Why are they keeping these houses off market for? This a a huge question we should try and understand. If we know, then we may know what they are really up to. My guess is they are actually going to ride it out until inflation takes care of it, and/or gradually suckers buy them.
I would block the so called "GOD'S Word" because if you can read it or hear it it is not really God's True Word. The bible was written by men like you and me and most of it has been changed through translation over the years How can anyone trust it is God's Word..The closest fastest way to God is to go within not without..to search for IT The bible is just the means for control of the elite who control all religions who use it as a means of indoctrination.for the sheeple wake up for God's sake
Are you limiting your warnings to Southern California only or do you mean nation wide?
And I don't mean that in some pockets, if you really know the market, it could go up (like if NYC finishes the 2nd Ave subway and some building goes up 20%) , I'm asking do you see the same general downward trend in DC and NYC as you do in SoCal? Or do you have an opinion?
you have to understand that the government will devalue the money so much with bailouts and 0% lending that the NOMINAL prices of the homes might stay the same or go higher, but the real value of the homes priced in lets say, gold (real purchasing power) will be massively deflated. So those homes that were for sale for 400k might still sell for 400k after they get dumped but that same 400k will be so devalued it will have half of the purchasing power of the original 400k it was originally bought
George I applaud you. When you described your credibility, your score went up with me. Thanks for taking risks...as there is a minuscule chance you could be wrong. Most of us know it's pretty safe to say the real estate market is fucked for a while and that you have a solid argument.
I agree don't be a sucker. Know what you are doing and be a professional real estate investor. And a damn good one.
What if by some miracle you can afford to buy a home paid in full? Would it still be a risky investment? (Please excuse me for my lack of understanding about real estate.)
If you can buy a house really cheap and i mean at this point really cheap for cash, your cool, if you own it out right and the taxes are relatively low then not a bad idea other than that its not worth it.
It's call group think, when many people think it's ok to finance something, the individual think it's okay too. People are like cattles who follow the rest of the herd all the way to the butcher house.
its not the man on the street fault if your taught bad econmics in school and then given bad information in the msm, and then mislead by everyone in the industry who has something to gain and you make a mistake then your left holding the bag and scape goated..but the systamatic corruption that causes this shit is applauded as success thats fucking disgusting.
You buy a house to control how and where you live, buy a home to live in not as an investment or you can let a landlord decide how much you will pay. Don't buy a house for more than it cost to build. Buy a home with land, the value is always in the land, they don't produce more land, they do produce more houses.
I agree. I keep telling people the housing market is in a death spiral with the economy for at least 10 to 15 years.
There are no jobs essentially, most people were living off the real estate bubble money. All of the jobs have left to China, Mexico ,etc. Now even the engineering jobs are leaving as well to India. Wake up, we are now in the much heralded service economy which means every one will be working for the government. ie the G-over-MEN-t.
I agree with the main point of this video. But he didn't get to the punch line: "Don't let the government get in bed with the banks - a la Freddie Mac and Fannie Mae." Also, I don't think you necessarily need alot of stock in metals or agri to be ok. Check out Motley Fool and Charles Payne WST for details on that.
My housemate is in the same situation. His house is now worth 200,000 less than what he paid for it, however, at this point, he would not have been able to afford the mortgage (He paid cash for the house) . Now costing only $2000 a year in property taxes, plus utilitites and insurance, it's generally a sweet deal for a 3000 sq foot house with RV parking.
Back when this all this nonsense started, I kept asking people why people are willing to spend so much on a 3 or 4 bedroom house. The answer was, "There's a severe shortage of housing in California." Oh really? The same homes that cost $110,000 in 1979, now cost $400,000? Actually many of them were attempting to sell for more than that. But what do I know, I'm just a fool with a high school diploma and a job that pays only $20 an hour.
I am a real estate broker in Fresno, Ca. The same thing is going on here. Empty houses everywhere that are not for sale, just sitting empty collecting dust. Meanwhile the newspapers are bragging that real estate prices have hit bottom and that the market is stabilizing. The media LIES! I am waiting for 9/15 when the moratorium on Foreclosures is set to expire. Thank you for the video, I feel badly for first time buyers that are getting these 97% FHA loans thinking they are getting a good deal.
Great video George. It is pretty sad to see how many people have lost their homes. It must be an unbelievable experience to move out of a home you once though you would live in forever. Anywho, thanks for the post. Best wishes
Folks think its over, wait wait wait, its not over. No jobs, thats the key, until usa goes back to work it will continue. No one can afford these homes right now.
Exactly right, . . . it's going to go down, too, because of population reduction -- we're going into "the beginning of sorrows".
Remember, the "Global 2000 Report" with WAR -- as that occurs, land may be quite cheap, . . . and, "they will cast their gold and silver into the streets." -- so, get yerself some tools, . . .
While I agree things will get a lot worse, I don't think it'll be as bad as you make out. It's more than likely that there will be global currency devaluations and the cost of goods will increase, while land values will be stationary for years to come... As long as you can afford the interest, you could stay in your home, but it'll be cheaper renting for the next 5+ years.
Oh yea, If u have money in the bank, you best find out about gold and start buying...and make sure u have it in on you where you can get to it. Currency will be worth nothing! Nothing, buy gold, silver, or precious metals. Stop placing faith in this government and trust your heart and instincts, not what they tell you to trust in.
He is so right!! This will fall, all of this. They are trying to make you believe that all will be fine but in the next few months you will be in for quite a show. Hold on and dont lose faith.
Families need to concentrate on keeping one house, even if its a tight squeeze people should return to the nest and help to sustain at least one house they can all call home.
This is a good time to rebuild the Family structure, not branch out on your own into a world of debt that you will never get out of.
Don't be tempted by the lifestyle of having your own house now, you will regret it sooner rather than later.
I think u should buy only if the rent is higher then a regular mortgage in ur area. cuz no matter what u need a place to live. So ex if the average rent in ur area is 1k and u could buy a house and ur mortgage be $600 I would buy.
The dealio...............buy if you can,,,,,real estate is the best way to be in debt and then when you pay it off you lease the land,,,,with property taxes,,,ya baby
alll I am saying is that I live here at the high dessert in Calif. and it is true that a lot of houses are empty and abandoned by their owner. No more housing construction jobs.
Hey you touched on an IMPORTANT TOPIC that needs more ATTENTION * GOLD & SILVER *
Have you NOTICE THE COMMERCIALS on TV convincing PPL to turn in their GOLD for CASH?? I mean they even send you a PREPAID ENVELOPE to send it in ~ This is CRAZY !!
great job...really....its nice to see someone speak facts and the point you hit directly on the head is that unemployment is still rising....the more people laid off, the more foreclosures and the less people buying. Buy gold...buy silver...buy food....
The only illusion about home ownership in stable communities is that the county WILL take your home if you dont pay your taxes. Read your tax bill. Figure out where the money goes. YOU VOTE FOR THESE PEOPLE commishes, school boards, State Reps & Senators. Find the spenders & VOTE THEM OUT.
George, there is a difference between a highly leveraged asset, and owning your home free and clear (or with a 50% or less loan to value). This is NOT all over the country only in 5 states: California, Nevada, Arizona, Florida & Michigan. Other states have some problems, & may face another 10-20% drop. But they didnt go UP 400% in the last 5 years.
In the USA........ownership is an ILLUSION. What's amazing is as people lose everything like their house, their rights, etc, they yell and scream..."This is a free country" It's like an entire nation that believes in Santa Claus.
yeah u are absolutely right. like in school today we learned we are not allowed to defend ourselves and no one sees a problem with that. i mean they came out and told us that no matter how much we get beaten we just have to take it cuz even if we get hit 10 times or more once we hit them back we both get in equal trouble. super gay and absolutely not free.and with people getting in trouble for protesting at town halls?! thats a right were SUPPOSED to have.
So super gay means smart and beautiful and freedom means an oppression for those who don't look and think you like us. In other words, one narrow minded nation, under in equality, divisible, and justice for the few who we think deserve. Thank you for your definition, I understand it much better now.
If there is going to be hyper-inflation, then a mortgage would be a great hedge! Why? Because you will be paying the mortgage down using hyper-inflated dollars.
If a person enters into a mortgage now, and they have to pay, say $2000/month and then the dollar becomes worthless - You can pay back the mortgage using those weak dollars!
That is assuming there is inflation. If, however, there is deflation, wait for prices to decrease
There won't be any deflation, deflation is a myth but inflation is real but don't expect any profit from real estate because if you buy a house now and you become unemployed later and you won't be able to pay your mortgage, you'll lose your home and down payment. So inflation or deflation you'll lose because you borrow to buy. If you have cash then its another story.
I can buy in cash or take out a loan, the house is valued currently at $30K over foreclosure ask, price $127K can rent for $700/mo......Suggestions? I'm just looking for ASSET PROTECTION against dollar devaluation and inflation...so please I need advice, we all do...
Sunny, you're wasting your time and energy on shark. He's just a dumb Romanian who is jealous of the US. He wishes he was here but he can't so he hope that we'll suffer but you know I just got back from a mall in San Francisco and it was full, I bought a couple of dresses and shoes to match and ate at this nice restaurant and everyone had a great time.
Yes, borrow a bunch of money and buy a few foreclosures. Make sure you offer above the asking price because you don't want to miss out on the opportunity to get cheap properties.
This is great-I love to buy when everyone says dont- When do you buy raincoats ? Summer or winter? You cant build the foundation for what they are selling for now..But he says your a fool..Have fun in the poorhouse pal-at least you dont own!
real estate has gone up in delaware. i have proof. it depends on who is selling your house. fsbo 3/2 in this area are about 150k. the same house around the corner sold for 218,000. all that matters is the idiot buying, and the idiot selling.
George, you shouldn't refer to yourself as a "loser" in any form what so ever, the real losers are those who don't try and get the truth out (as you do) about what's really going on.
Unfortunately, the biggest losers will be those stuck in depreciating houses that they're still making outrageous payments on.
The US is finished, and we (with our greed) made it happen.
Very good. Its simple physics. prices gotta come down. I work at a bank & we had a customer awhile back open up a PEL for $100,000. She put $90,000 into a savings earning .50%, while she has to pay the PEL some where around 7-8% or so. Let me see... isn't that a negative return. People simply don't know.
What return are you getting on your property taxes, rent to the landload (city).
If george doesn't pay his rent he gets kicked out of his house he's renting. And if "you" don't pay your property taxes, rent to the landload (city) you get kicked out also.
Obama hired John Holdren because they agree that zero growth and zero population growth is the fix for the enviroment. The economy in the eyes of people like Obama and Holdren must shrink to become successful and world economic depression will bring about population declines to stabilize the shrinking economies. Less people means less need for growth. Now you see the picture. Its not about making the economy better, its about making a smaller economy with less people
Its kind of strange for a person from another country to get so passionate about our economy. Its almost like he is jealous of us, he wants to see us destroyed but he doesn't know that even at our darkest economic moment we're still the richest country in the world. It took us 50 years of spending to get us to this point and we still have money to spend, just look at our malls and restaurants they're always full.
rather than dumping those then dumps unto the market ...probably should rather sell the materials from them to Asia.
Commodities and building materials ...up ...so, real estate can only go down to that point, where it can't fall any lower than the cost to build them.
MarkAllenChannel 1 week ago
this guy has a point. people put down a deposit of 15K and they now have assets worth 350K. thats pretty sus
hanvo216 3 weeks ago
@SavageSanDiego Well anything can happen however commodities except silver will deflate. Silver will hold or jump higher. Simply its too cheap & is affordable even @ $400 an ounce it's just that rest of a product is devalued as if ur paying mainly for the silver content. but food can't do that cause well their will definitely b blood in the streets. Or not on the verge of bailing out. How about 4get europe or europe decline. those hoping 4 Qe3 yeh right not any months soon thats mad.
devided1001 2 months ago
@SavageSanDiego Without Rule Of Law Thats never lasted very long. Barter does not exist its just an option to exercise. Theirs very rarely a equal value of items & the difference is always greater with barter. The problem with Barter is their is nothing to trade within a acceptance & offer. Theirs no way barter without monetary exchange It ends up being more of a swap scenario. The only system ever so successful was Australian Aboriginals ancient trading system which was very complicated.
devided1001 2 months ago
@SavageSanDiego Price of goods have come down except 4 the silver in them. Silver prices I think will steadily rise it's guaranteed even in a depression. Thats kind of what happens prices go up in a depression. But the use of technology is going up because the items r cheaper except the silver in them. No more painful than the last 20yrs. Barter keeps being tried but never works. Not understanding on how little value silver had? That's some of my take but total collapse of dollar or war with oil
devided1001 2 months ago
@SavageSanDiego But we are in a depression well that is what I think which is worldwide it's just not on tv or well known. Its like a big secret & everyone is being told it's okay. I mean once they do that things r so bad they don't want u to know. & when they r relying on that sort of market manipulation u know times running out. As if a depression effects the price of silver anymore is the question sorry i think its needed & its not getting cheaper. Companies hav already factored price rise.
devided1001 2 months ago
@SavageSanDiego Agreed however the $20,000 - 30,000 price of gold is the unknown bit. Silver yes it'll just be a ratio thing but in reality it is possible that silver is more valuable than gold isn't it because we need to use it & consume it etc. which if the ratio was to change & silver as good as gold then that would make it deplete slower which I think could happen? real estate estate crash Hasn't completely crashed which is %25 of the problem still? Buying power can't buy any left
devided1001 2 months ago
@SavageSanDiego Thanks 4 the de-coding, didn't know their would be assets numbered. But in the future the assets & the list of them maybe be numbered in order. & then it would be easy, no need to invest. I see what your saying though. After the event your calling the crash though well I don't know if u might call it a crash & what to wait 4 to invest in. Unfortunately I don't think anything from what is normal @ the moment. I mean profitable investments will b the same as is now except gold
devided1001 2 months ago
@SavageSanDiego What do u mean 4th asset? what r 1,2 & 3?
devided1001 2 months ago
i bet wamu at one point owned half that neighborhood. thats right down the street from me, 100k of the price of that house is the river and gate they built around the neighborhood. Riverside is notorious for low income jobs, everyone that lives there either commutes to the oc or is financing through nonsalary wealth. It was so funny when my friend and I drove through the business ceneter adjacent to the neighborhood and all we saw was blue collar contractors, nothing in the financial industry
JustinKennith 2 months ago
If you smellllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllloooooooooooooooooooooooowwwwwwwwwww what the BANKS - ARE - COOKIN!
YababaVideo 3 months ago
@407buddy Something CAN be done about it.
ginablackhawk 4 months ago
He didn't 'predicted' the future. He knew what he was talking about. It is quite obvious that people aren't going to buy houses if they don't have the money to pay for it. That's why the prices are dropping down.
onee 5 months ago
SEE this now, you were telling us the future. The now, you knew 2 years ago and predicted George. GOOD WORK. Bless you buddy
rkw92262 6 months ago
Freddie & Fannie are in the top 20 Fortune 500 but the least profitable companies on the ENTIRE list!
Salvysahagun 7 months ago
@Salvysahagun they owe us money not vise versa
7777777drake 4 months ago
@7777777drake
Relevance please?
Salvysahagun 4 months ago
G4T is a fucking joke...
TacticalCitySlicker 8 months ago
Buying a house for the "average" person has always been a struggle & it doesn't make sense as an investment. If you borrow $400K to buy a house & spend the next 30yrs paying it off you'll probably end up paying close to double. Add property taxes , maintenance , power & water costs , improvements , & other incidentals & you'll have ended up spending millions on your little home. Try & get that all back in a sale......Impossible!!!!!
theselector 11 months ago
I live in a neighborhood in Perris, CA that looks a lot like these homes. About half of the houses in my neighborhood are empty and people are still leaving. Southern California is only getting worse. People would be wise to listen to your words. Because you're right. It's only getting worse.
Brown86Town 1 year ago
achhhhh i love to see the us burn!! well i know the people dont deserve this but well the government did and werent you the ones that where saying the us rocked and all that ??????....well i hope this crisis wont come to europe in fact it wont!!!cause we have experience with these things
leolego88 1 year ago
Comment removed
DancesWithWindmills 1 year ago
If you think you own *any house* in the US, stop paying your taxes and you will find who the real owner is! Property taxes are the biggest form of theft since highway robbery was invented!
dragmit 1 year ago 2
Empty is as Empty does
JackOffVille 1 year ago
i would only buy the land but preferably farmable land for crops and also buy gold silver platinum and paladium. the majority of americans are not ready for the super depression that is coming even i'm not ready for it.
keltecdan 1 year ago
Loser with a camera
Trust me dude I have been working in real estate for 5 years all over the world and guess what. I also don’t own my own home.
In fact most of the big real estate guys I know don’t own their own home. You know why.
BECAUSE WE KNOW WHAT IT’S REALLY WORTH!!!!!!
I live in London and if you are dumb enough to fork out $250,000 (£160,000) on a 1x bedroom, 1x bathroom 650 square ft apartment just because it’s London then you are retarded.
I’ll buy when it falls by 60%
djguy100 1 year ago
The IMF and World Bank Are deciding our future and fate right now in their anuual meeting....
HDVids4free 1 year ago
The irony of all this is that Americans have allowed themselves to by rules by kings again. No, not the king of England, but the modern equivalent thereof: the big bankers. Please, American friends: Take back your country, and understand how wonderful your Constitution was supposed to have been!
derfowvayer 1 year ago 4
Look at these properties 30,000 worth of sticks and mud, add a dumbass piece of shit realtor, and a garbage banker, and it cost 450,000
tommysixgunner 1 year ago 6
The lies the evil and the corraptions that going on, is behind belive, I have my own very painfull expiriances that can blows anybody mind, I remmbers every single ditaills that happen to me but they was able to treak me and snag my house under my nose, using some bads-name's people that intreduce themselves as real-estats agents...they did wrong but I coudn't do nothing at all.
SuperBingo21 1 year ago
Thanks for posting this video :)
AnnexGroup 1 year ago
Good job George, keep em coming, right on target.
knau1234 1 year ago
The sad thing is...even if you have a house and land paid in full, you still have to pay property taxes, so what you think is yours never truly is. And by raising your property taxes, the gov can take your property anytime they want. Just think...none of us truly have a place to call our own. Now that's sad.
SouthernKudzu 1 year ago 2
@SouthernKudzu Not only that but if the government raises income taxes people will start working in the underground economy. Working off the books. So the government will take taxes were they can. Traffic tickets, vehicle registration, gas and cigarette taxes etc...One surefire way to raise money is to increase property taxes. If you don't pay, they can simple seize your house.
drmodestoesq 1 year ago
@SouthernKudzu yep nobody owns the ""Allodial TItle ""to their property!!!
PushyMonk 1 year ago
george4title and inflationUS is a pump and dump scam privatley own web site masked as a governmental association made to fool people. George is a scam artist. Though the information about the FED is true. beware of geroge he is a predator.Check out my videos.
rainluna1 1 year ago
Yeah..if people only knew how to ward off foreclosure..this wouldn't happen.
People just don't understand the mortgage process.
We CREATE the promissary note to "pay" for the house with "debt"
We already "payed" for it...and the bank just uses a commercial process against people and they walk away from their homes.
gladiator1010 1 year ago
good vid
killuminati331 1 year ago
Barney Frank and Chris Dodd MA/CT both need a bullet
honvetops 1 year ago
Exactly...have you seen the most recent Ron Paul video? Super scary...he basically says the dollar will crash very soon...and during the following panic the gov will move forward to "protect us"...by taking more of our civil liberties. Those FEMA camps are being created for a reason...
MissNevada08 1 year ago
would it be a good idea to get seeds?
BAMFeldman 2 years ago
HELL YES! The average piece of food in America travels 5000 miles before it hits your plate. There is an average of 3 days supply on grocery store shelves in any given area. Once martial law is declared, commerce stops. No money, no diesel gas. No diesel gas, no truck full of food. We literally eat our energy supply folks, in more ways than one. Seed links in my profile!
expanton 1 year ago
@BAMFeldman check out my channel for tips for survival. I say get seeds and canning jars.
horsehorsehorse400 1 year ago
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YOU ARE A MORRON! ALL YOU DO IS BLAB GARBAGE AND LIKE TO SIT IN YOUR OWN SHIT BECAUSE ITS WARM. jUST WANTING OTHERS TO JOIN YOUR DRAMA AND FEAR. GROW SOME BALLS AND QUIT WORRYING!
gorealestate 2 years ago
Some one is afraid for their career...
expanton 1 year ago
This has been flagged as spam show
This is Jen Cheng - everyone knows me as the sexiest guy alive!
pharmacyiii 2 years ago
Goerge,
can you say where you are filming when you make your videos. what neighborhoods, etc.
one other thing. before the market crash, i remember when credit card companys were offering to give whatever cash advance you want, all at 1% interest for 6 months are more... i think so cal is worst. for worse than the rest of the country
lightfoot500 2 years ago
You are wrong , you can rent one of these big boats out to 30 illegal aliens & double your $
louis12346 2 years ago
stalker alert. Hilarious.
jenniferashley99 2 years ago
This has been flagged as spam show
At 3:08 ... Why are they keeping these houses off market for? This a a huge question we should try and understand. If we know, then we may know what they are really up to. My guess is they are actually going to ride it out until inflation takes care of it, and/or gradually suckers buy them.
Z28RADIO 2 years ago
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Z28RADIO 2 years ago
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Z28RADIO 2 years ago
George: How's Murrieta?
Funny watching the rent-a-cop buzzing around in his golf cart, lol!
jackinla8 2 years ago
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Z28RADIO 2 years ago
@jackinla8 it is funny,........lol
EvanWells1 2 years ago
I would block the so called "GOD'S Word" because if you can read it or hear it it is not really God's True Word. The bible was written by men like you and me and most of it has been changed through translation over the years How can anyone trust it is God's Word..The closest fastest way to God is to go within not without..to search for IT The bible is just the means for control of the elite who control all religions who use it as a means of indoctrination.for the sheeple wake up for God's sake
seamaverick1 2 years ago 2
everyone got greedy!!!
37361811 2 years ago
Are you limiting your warnings to Southern California only or do you mean nation wide?
And I don't mean that in some pockets, if you really know the market, it could go up (like if NYC finishes the 2nd Ave subway and some building goes up 20%) , I'm asking do you see the same general downward trend in DC and NYC as you do in SoCal? Or do you have an opinion?
n0us3rn4m3s4v41l4bl3 2 years ago
you have to understand that the government will devalue the money so much with bailouts and 0% lending that the NOMINAL prices of the homes might stay the same or go higher, but the real value of the homes priced in lets say, gold (real purchasing power) will be massively deflated. So those homes that were for sale for 400k might still sell for 400k after they get dumped but that same 400k will be so devalued it will have half of the purchasing power of the original 400k it was originally bought
dave997 2 years ago
good job
antoniyo1234 2 years ago 4
lol! you are not a loser with a camera. You are ahead of the curve. Good work sir!
soundzero 2 years ago 27
George I applaud you. When you described your credibility, your score went up with me. Thanks for taking risks...as there is a minuscule chance you could be wrong. Most of us know it's pretty safe to say the real estate market is fucked for a while and that you have a solid argument.
I agree don't be a sucker. Know what you are doing and be a professional real estate investor. And a damn good one.
judutchinski 2 years ago 2
beautiful but unnecessary, no one needs home this big unless you have many children and grandchildren
lorijeans59 2 years ago
Why are they afraid of God's word
lorijeans59 2 years ago
He blocks Bible scripture
lorijeans59 2 years ago
You are so Wrong , its a Jobless Recovery Obama says So , he be Pimp daddy
louis12346 2 years ago
you thought wrong luiiieee
BablyonsKing 2 years ago
This comment has received too many negative votes show
this guy might be on to something, but i dislike him, dont trust him...something weird about him...looks like a pig
sicnarf25 2 years ago
Instead of spending $150,000 on a new home, inherit your parent's house and renovate it for $50,000.
kmarinas86 2 years ago 4
Go out and buy $1500 worth of gold more if you can and save it in a good place . You'll know when its time .
lutherguardian 2 years ago
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jrenzoli 2 years ago
What if by some miracle you can afford to buy a home paid in full? Would it still be a risky investment? (Please excuse me for my lack of understanding about real estate.)
awellwisher 2 years ago 3
If you can buy a house really cheap and i mean at this point really cheap for cash, your cool, if you own it out right and the taxes are relatively low then not a bad idea other than that its not worth it.
borat443 2 years ago
It doesn't take a miracle to buy a house with cash. It takes wisdom.
Decide to stop being a fool and watch your life start improving immediately.
LiveWisely 2 years ago
Thank you, you did a great job bringing people the TRUTH!
daylightvanish 2 years ago
What happened to personal accountability?
People used to save up 100% of the cost of a home before buying the home...duh.
Just a generation ago, people routinely saved up 20% and bought a modest house. That way they minimized the payments and could afford the house! Duh.
Nowadays, people think they can waltz into a house with 0% down. Duh...no wonder there are lots of foreclosures.
Plus, houses straight up have been overpriced for about a decade. How can people not see these things?
LiveWisely 2 years ago 4
It's call group think, when many people think it's ok to finance something, the individual think it's okay too. People are like cattles who follow the rest of the herd all the way to the butcher house.
daylightvanish 2 years ago 3
its not the man on the street fault if your taught bad econmics in school and then given bad information in the msm, and then mislead by everyone in the industry who has something to gain and you make a mistake then your left holding the bag and scape goated..but the systamatic corruption that causes this shit is applauded as success thats fucking disgusting.
borat443 2 years ago
You buy a house to control how and where you live, buy a home to live in not as an investment or you can let a landlord decide how much you will pay. Don't buy a house for more than it cost to build. Buy a home with land, the value is always in the land, they don't produce more land, they do produce more houses.
thecomicsitedotcom 2 years ago
G-men plan:
Phase 1: New deal >> Throw out US constitution.
Phase 2: WW II >> Militarize US
Phase 3: Savings in loan scam >> G-men buy up most of US real estate for pennies on dollar with tax payer money.
Phase 4: Stock market collapes >> Trick suckers into stock market then suck all the money out like Madoff and make off with Trillions.
Phase 5: Steal remaing private property with current mortgage meltdown. and the buy real estate for pennies on the dallor with tax payer money.
END GAME
Revelation6v8 2 years ago
I agree. I keep telling people the housing market is in a death spiral with the economy for at least 10 to 15 years.
There are no jobs essentially, most people were living off the real estate bubble money. All of the jobs have left to China, Mexico ,etc. Now even the engineering jobs are leaving as well to India. Wake up, we are now in the much heralded service economy which means every one will be working for the government. ie the G-over-MEN-t.
Who are the G men ???
Hint: Compass/Square
Revelation6v8 2 years ago
You have to ask yourself when you hear stuff like this, what are they selling?
Some points to ponder.
There has been a moratorium on building for 3 years.
They haven't stopped making people especially in S Cal.
You will soon need bushels of $100 bills to buy anything including houses.
It now costs more to build a house than what resales are costing.
You will soon be paying back your mortgages in vastly devalued dollars.
Many who are leveraged will make out like bandits.
breckandy 2 years ago
Thanks for the warning but like so many others, i'm so broke it doesn't matter what housing or the stock market does.
wutup699 2 years ago 3
House prices going to go down for the next 10 years? I thing this is to much . But the point of the video is good.
Komelotstar 2 years ago
I agree with the main point of this video. But he didn't get to the punch line: "Don't let the government get in bed with the banks - a la Freddie Mac and Fannie Mae." Also, I don't think you necessarily need alot of stock in metals or agri to be ok. Check out Motley Fool and Charles Payne WST for details on that.
Endymion766 2 years ago
Ya know when I see things like this, it makes me have a new found deep respect for gypsy colonies like "Dancing Rabbit"
LoveTheSupremes 2 years ago
My housemate is in the same situation. His house is now worth 200,000 less than what he paid for it, however, at this point, he would not have been able to afford the mortgage (He paid cash for the house) . Now costing only $2000 a year in property taxes, plus utilitites and insurance, it's generally a sweet deal for a 3000 sq foot house with RV parking.
LoveTheSupremes 2 years ago
What is an assneck?
LoveTheSupremes 2 years ago
A person with a fat neck like George
LoveTheSupremes 2 years ago
Back when this all this nonsense started, I kept asking people why people are willing to spend so much on a 3 or 4 bedroom house. The answer was, "There's a severe shortage of housing in California." Oh really? The same homes that cost $110,000 in 1979, now cost $400,000? Actually many of them were attempting to sell for more than that. But what do I know, I'm just a fool with a high school diploma and a job that pays only $20 an hour.
LoveTheSupremes 2 years ago
Read 'Greater Fool' by Garth Turner
fonixIX 2 years ago
Great video! George tells it how it is. I live in FL, and every other house on the block is empty.
chillindylan82 2 years ago
So true!!! check out "money makes you crazy" on youtube, Username: TheFrenchers.
TheFrenchers 2 years ago
Thanks for the info, I'm about the make offer, but second though now I want to keep my green for a while. Thank you so much!
jnnycliff 2 years ago
I am a real estate broker in Fresno, Ca. The same thing is going on here. Empty houses everywhere that are not for sale, just sitting empty collecting dust. Meanwhile the newspapers are bragging that real estate prices have hit bottom and that the market is stabilizing. The media LIES! I am waiting for 9/15 when the moratorium on Foreclosures is set to expire. Thank you for the video, I feel badly for first time buyers that are getting these 97% FHA loans thinking they are getting a good deal.
regina627 2 years ago 2
Great video George. It is pretty sad to see how many people have lost their homes. It must be an unbelievable experience to move out of a home you once though you would live in forever. Anywho, thanks for the post. Best wishes
brown13pride69 2 years ago 2
Yup. Same story in Northern California.
LastChanceRepublica 2 years ago
i spent the summer of 2009 in California, bunch ego driven retards is what i saw, let em go belly up i say. jim
jamesappleridge 2 years ago
Folks think its over, wait wait wait, its not over. No jobs, thats the key, until usa goes back to work it will continue. No one can afford these homes right now.
makeitallrite 2 years ago
Well said! Very well said!
TimberWolf212 2 years ago
Where are those homes I want to buy one. Only a loser would not buy at these prices with hyperinflation coming.
pirucreek 2 years ago
i wuld completly put my $ in gold and silver if i had enough
Armoredlamb 2 years ago 2
good job George, unique coverage , speak well, seems to know what your talking about , keep going
stuartambient 2 years ago 3
for future reference george he cant only cops can
josh2012 2 years ago
Exactly right, . . . it's going to go down, too, because of population reduction -- we're going into "the beginning of sorrows".
Remember, the "Global 2000 Report" with WAR -- as that occurs, land may be quite cheap, . . . and, "they will cast their gold and silver into the streets." -- so, get yerself some tools, . . .
phillipgaley 2 years ago
While I agree things will get a lot worse, I don't think it'll be as bad as you make out. It's more than likely that there will be global currency devaluations and the cost of goods will increase, while land values will be stationary for years to come... As long as you can afford the interest, you could stay in your home, but it'll be cheaper renting for the next 5+ years.
ozwasp 2 years ago
I own lots of GUNS AND AMMO!!! Im stocking up on water, dried food, and supplies. That is what is gonna count.
37361811 2 years ago
Food and water are going to be the currency of the future
1x93cm 2 years ago
Oh yea, If u have money in the bank, you best find out about gold and start buying...and make sure u have it in on you where you can get to it. Currency will be worth nothing! Nothing, buy gold, silver, or precious metals. Stop placing faith in this government and trust your heart and instincts, not what they tell you to trust in.
SONJEE 2 years ago
He is so right!! This will fall, all of this. They are trying to make you believe that all will be fine but in the next few months you will be in for quite a show. Hold on and dont lose faith.
SONJEE 2 years ago
If you have CASH should you buy foreclosures, metal, mining stocks, or get into foreign currency?
fodderoni 2 years ago
how's your and your new jersey friends stocks doing?
CaptKangeroo 2 years ago
GOD DAMN FINALLY SOMEONE KNOWS HIS STUFF. Thanks a lot man. Keep up the real work.
moidixmois1 2 years ago
This video if 5 years too late, it's like telling Titanic survivors their boats going to sink in 1944!
theprofit1138 2 years ago 2
Yeah, that's true. But the point is still the same. There are still people who don't really get it yet.
moidixmois1 2 years ago 2
I BET HE LIKES A PINKY IN THE STINKY
doobieupinsmoke 2 years ago
Families need to concentrate on keeping one house, even if its a tight squeeze people should return to the nest and help to sustain at least one house they can all call home.
This is a good time to rebuild the Family structure, not branch out on your own into a world of debt that you will never get out of.
Don't be tempted by the lifestyle of having your own house now, you will regret it sooner rather than later.
Desperate times call for desperate measures,
Good Luck Everyone
123backinyerface 2 years ago
I think u should buy only if the rent is higher then a regular mortgage in ur area. cuz no matter what u need a place to live. So ex if the average rent in ur area is 1k and u could buy a house and ur mortgage be $600 I would buy.
ruanorafa 2 years ago
The dealio...............buy if you can,,,,,real estate is the best way to be in debt and then when you pay it off you lease the land,,,,with property taxes,,,ya baby
SportsAddix 2 years ago
Does this apply to all homes everywhere ?
Molly2009plus5 2 years ago
Hi Handsome! Where ya' been and it's so good to see ya' again online.
LarkaSojourn 2 years ago
alll I am saying is that I live here at the high dessert in Calif. and it is true that a lot of houses are empty and abandoned by their owner. No more housing construction jobs.
pimpolee 2 years ago
Who told you those houses were empty?
GetLostInCompost 2 years ago
are u slow in the head? the street was blocked off for those homes
DeStRvCt10N 2 years ago
Do you know what you are trying to say?
What a waste of human potential...
GetLostInCompost 2 years ago
last comment reply to ElephantChess comment
mssquirrely 2 years ago
THX !!
Hey you touched on an IMPORTANT TOPIC that needs more ATTENTION * GOLD & SILVER *
Have you NOTICE THE COMMERCIALS on TV convincing PPL to turn in their GOLD for CASH?? I mean they even send you a PREPAID ENVELOPE to send it in ~ This is CRAZY !!
mssquirrely 2 years ago 2
great job...really....its nice to see someone speak facts and the point you hit directly on the head is that unemployment is still rising....the more people laid off, the more foreclosures and the less people buying. Buy gold...buy silver...buy food....
TheNRA4ever 2 years ago
Great report, George! I just happened on your video and like your style. Best of luck, and post more.
craigenputtock 2 years ago
Just try to buy property where you can get an ALLODIAL TITLE.
escapefromobamastan 2 years ago
You could not give me a home in a gated area with these anal HOA's. No way, no how.
jvolstad 2 years ago
The only illusion about home ownership in stable communities is that the county WILL take your home if you dont pay your taxes. Read your tax bill. Figure out where the money goes. YOU VOTE FOR THESE PEOPLE commishes, school boards, State Reps & Senators. Find the spenders & VOTE THEM OUT.
tecumsah1 2 years ago 2
George, there is a difference between a highly leveraged asset, and owning your home free and clear (or with a 50% or less loan to value). This is NOT all over the country only in 5 states: California, Nevada, Arizona, Florida & Michigan. Other states have some problems, & may face another 10-20% drop. But they didnt go UP 400% in the last 5 years.
tecumsah1 2 years ago
Where is that? Glen Gary Farms?
MrOldSlacker 2 years ago
In the USA........ownership is an ILLUSION. What's amazing is as people lose everything like their house, their rights, etc, they yell and scream..."This is a free country" It's like an entire nation that believes in Santa Claus.
vdvsoldat 2 years ago 3
yeah u are absolutely right. like in school today we learned we are not allowed to defend ourselves and no one sees a problem with that. i mean they came out and told us that no matter how much we get beaten we just have to take it cuz even if we get hit 10 times or more once we hit them back we both get in equal trouble. super gay and absolutely not free.and with people getting in trouble for protesting at town halls?! thats a right were SUPPOSED to have.
nlchamps07fan 2 years ago
Please define "super gay" and freedom.
moniequa 2 years ago
well a synonym for "super gay" would be "moniequa" and freedom is what america had fifty or so years ago
nlchamps07fan 2 years ago
So super gay means smart and beautiful and freedom means an oppression for those who don't look and think you like us. In other words, one narrow minded nation, under in equality, divisible, and justice for the few who we think deserve. Thank you for your definition, I understand it much better now.
moniequa 2 years ago
Ten years?!? Do you really think it'll take that long?
RadarKat73080 2 years ago
actually it takes more than 10 years to recover, remember our national deficit is going to be 65 trillion. Where are going to get the money from?
moniequa 2 years ago
Are they tax foreclosed homes there, George?
wwe107 2 years ago
Wow thanks for the onsight report George and now to our asian reporter Trisha Takinawa .....lol......no really good job George.
JustCauzeICan 2 years ago
Comment removed
JustCauzeICan 2 years ago
Listen to him he is exactly right.
surname07 2 years ago
Hey George
If there is going to be hyper-inflation, then a mortgage would be a great hedge! Why? Because you will be paying the mortgage down using hyper-inflated dollars.
ElephantChess 2 years ago 2
THAT DOLLAR ain't gonna be WORTH 2Cent ...... You can Hyper, Cyper, Dyper, or Wyper it ~ LOL !!
mssquirrely 2 years ago 2
exactly my point!
If a person enters into a mortgage now, and they have to pay, say $2000/month and then the dollar becomes worthless - You can pay back the mortgage using those weak dollars!
That is assuming there is inflation. If, however, there is deflation, wait for prices to decrease
ElephantChess 2 years ago 3
There won't be any deflation, deflation is a myth but inflation is real but don't expect any profit from real estate because if you buy a house now and you become unemployed later and you won't be able to pay your mortgage, you'll lose your home and down payment. So inflation or deflation you'll lose because you borrow to buy. If you have cash then its another story.
moniequa 2 years ago
lol you might get arrested :P
any who nice vid :)
ramblinevilmushroom 2 years ago
moniqua, are you snarking me or being serious?
I can buy in cash or take out a loan, the house is valued currently at $30K over foreclosure ask, price $127K can rent for $700/mo......Suggestions? I'm just looking for ASSET PROTECTION against dollar devaluation and inflation...so please I need advice, we all do...
fodderoni 2 years ago
Sunny, you're wasting your time and energy on shark. He's just a dumb Romanian who is jealous of the US. He wishes he was here but he can't so he hope that we'll suffer but you know I just got back from a mall in San Francisco and it was full, I bought a couple of dresses and shoes to match and ate at this nice restaurant and everyone had a great time.
moniequa 2 years ago
What about buying foreclosures on the cheap? Shall we wait til China comes in to buy them up, Europe, before we see their intrinsic value again?
fodderoni 2 years ago
Yes, borrow a bunch of money and buy a few foreclosures. Make sure you offer above the asking price because you don't want to miss out on the opportunity to get cheap properties.
moniequa 2 years ago
This is great-I love to buy when everyone says dont- When do you buy raincoats ? Summer or winter? You cant build the foundation for what they are selling for now..But he says your a fool..Have fun in the poorhouse pal-at least you dont own!
nhprop 2 years ago
real estate has gone up in delaware. i have proof. it depends on who is selling your house. fsbo 3/2 in this area are about 150k. the same house around the corner sold for 218,000. all that matters is the idiot buying, and the idiot selling.
thatbastardson 2 years ago
without George, were screwed, telling like it is!
koochimon 2 years ago
Wow. Thanks for posting this video and the heads up! I believe you right on the money.
mothman503 2 years ago
I listen to you brother. Everything you say is bang on!!
justgetsome 2 years ago
George, you shouldn't refer to yourself as a "loser" in any form what so ever, the real losers are those who don't try and get the truth out (as you do) about what's really going on.
Unfortunately, the biggest losers will be those stuck in depreciating houses that they're still making outrageous payments on.
The US is finished, and we (with our greed) made it happen.
theroilsoil 2 years ago
Very good. Its simple physics. prices gotta come down. I work at a bank & we had a customer awhile back open up a PEL for $100,000. She put $90,000 into a savings earning .50%, while she has to pay the PEL some where around 7-8% or so. Let me see... isn't that a negative return. People simply don't know.
Taffer20 2 years ago
I like this guy I might subscribe
Nathano27 2 years ago
you're in real estate and never bought a house? what return you getting on your rent? Idiot
dagarcia1 2 years ago
don't say that my business partner ownes 15 houses but he leases his and he is very succesfull
Nathano27 2 years ago
You rent also! it's called property taxes!
What return are you getting on your property taxes, rent to the landload (city).
If george doesn't pay his rent he gets kicked out of his house he's renting. And if "you" don't pay your property taxes, rent to the landload (city) you get kicked out also.
snowgoosebob 2 years ago
i like the inflationus videos better then the george4title videos :) even though your the same person lol...
cool stuff good luck and good job!
akprince213 2 years ago
Obama hired John Holdren because they agree that zero growth and zero population growth is the fix for the enviroment. The economy in the eyes of people like Obama and Holdren must shrink to become successful and world economic depression will bring about population declines to stabilize the shrinking economies. Less people means less need for growth. Now you see the picture. Its not about making the economy better, its about making a smaller economy with less people
Spurgeon123 2 years ago 2
right--less people, more money to go around. i pray that God brings us moral leaders. i hope you all do the same.
stonescourt3 2 years ago
Looks like something out of War of the Worlds... The Aliens weren't so obvious in this sequel..
DelJunya 2 years ago
"real estate is gonna do this" *moves hand to crotch*
Knightfall316 2 years ago
at the height of the peak? thats a little redundant...
Knightfall316 2 years ago
And just to piss you off I'm going to buy two more houses and two more SUVs.
moniequa 2 years ago
You go girl....buy more SUVS!
LOL
rok30 2 years ago
Its kind of strange for a person from another country to get so passionate about our economy. Its almost like he is jealous of us, he wants to see us destroyed but he doesn't know that even at our darkest economic moment we're still the richest country in the world. It took us 50 years of spending to get us to this point and we still have money to spend, just look at our malls and restaurants they're always full.
moniequa 2 years ago
there full of people who are maxing there credit out and are on or over the edge.
runnercbc 2 years ago
Those are the stupid ones they don't deserve our sympathy. Let them die of starvation.
moniequa 2 years ago