now u can feel a little bit of the pain, your rabid government inflicts on the innocent ppl abroad under the guise of freedom, all the while they are oppressing u,now u see they have turned on u. smh
It is a sin we have to work 60-80 a week to house and feed lazy stupid retarded inner city scum who cal my people the white devil. We waste our tax money on these no good worthless eaters.
Look at them, they are boxy, bulky, cheap built tract home. They are a dime a dozen and high energy sucking liabilites.
Good riddance.
Let's plant some trees there, or a community garden, or let it go back to being crop land, or a photovoltaic generating field, or let tiny housers settle.
They can't just give them away, but it probably would've peen more prudent to fix whatever code violations they had than to just demolish them. I guess that's what happens when the government is subsidizing the bank's loss on the properties...sad!
R we only capable of passing greed laws at this point. I want a mortgage that is adjustable. Adjustable to fair market value. My grandfather took out a loan 50 years ago to start a business. They gave him ten years to repay it. He repaid it in one year. The next year he bought a house free and clear. To all the BMW driving pinto owners, your getting what you bought. Insecurity. I want what I pay for.
Rich idiots would have been cheaper just to give them away to someone for the cost of the land and give the house as bonus and have the new owner finish it. A new developer would have probably snatched the deal.
Over many years we have all been lied to by our Govts. Not just our Govts but by Religous Leaders. We have been taught things that are not in Scripture & many have swallowed many lies by these false prophets. If you are a truth seeker please visit the web site which is displayed in our user name & take the time to read some of the articles.You will be shocked. THERE IS A GREAT AUDIO FOR YOU TO LISTEN TO. You WILL COME AWAY ASKING MANY QUESTIONS. REAL SHOCKING.
That was a direct result of the lack of regulation in both the US banking systems and the morgage market....Hey testicle boy...nothing like that can happen here in Canada...so much for your "revolution"
so many people foreclose without realising they have other options. In many cases refinancing can save not just your home but also your credit rating and your self respect.
therefinanceunit . com is not affiliated with a broker or lender. It's an information and education resource to help people avoid foreclosure.
If you're in financial trouble, check it out - the future may be brighter than you think!
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
Must be the results of what Mr Greenspan ( ie. Mr Bubbles) meant when he said there was some "froth" in the housing market. And guess who is going to pay for all these homes being destroyed. Yes of course the "us tax payers" Thank you federal reserve for destroying our economy and value of dollar.
BJZnRPZ you say "FUCK THE BIG JEW BANKERS" I say fuck the stupid borrowers, fuck them for borrowing without thinking and make those smart JEW BANKERS rich. Don't hate them because they're great business people, hate ourselves for spreading our legs and let them fuck us in the ass.
Banksters don't have to rob us we already gave them enough, in fact if they want more they just lower the interest rate and the stupid parasites would go throw to borrow and buy homes they can't afford. So there won't be any robbery because we give them the money.
What a waste of natural resource,building material and labor hours...but hey it's all just business,this is what my brothers,our boys and i do,we build,renovate and demolished home and buildings,we do alot of grading,clearing and site preparation also...we provide roll off bins container,truck the debris back to our sorting facility for precious material,before trucking the rest of the debris off to the public landfill in a transfer truck...
I can guarantee you if the bank put those house for sale for $20,000 each people will bid them to $200,000 as long as they can borrow they bid the price up.
Put they can't anymore unless they have good credit and at least 20% down (or a gov. loan). But somthing is better than nothing. This an an example of the government's useless red tape harming citizens.
Were you not even listening? The banks are being driven to do this by the code enforcement fines. It is the tyranny of the government that is penalizing the banks for keeping homes half-built. It is the government, not the bank, that is causing the houses to be destroyed.
This GUY IS SPINNING THIS and HAS NO CLUE what he is talking about. Bulldozing homes that cannot be sold is a good idea! The finance structure to give people loans is DEAD. Construction loan financing is DEAD. So what do you do? Sell your home/land at a loss or hold onto it and avoid fines by bull dozing them. This guy in no way gives an accurate depiction of the mechanisms that drive this stuff. These videos are very biased and do not show or tell what drives this stuff.
We could totally bring down the banks with just a few people if we wanted to. With just a few hundred organized people, we could do runs on the banks that threaten your members. Watch my video on striking the banks back by taking away their foreclosure power.
the whole country has gone to crap.every where you look .the Whole USA is going to be living on the streets before its all over.and the banks are going to be saying we need more money, bail us out goverment.
This is what the globalists want. The RE greening of the countryside. Tear down the houses, crowd everyone into highly controlled cities. Slave camps if you will
@BornCitizen DO SOMETHING THEN!spread organic heirloom food seed far and wide,its called"johnny appleseed economics"or"gorrila gardens",spread more organic food.wake up everyone,do your part!IF YOU ARE angry,get seed and make a organic revolution your way.SPREAD THE HEIRLOOM SEED EVERYWHERE TELL OTHERS! INCREASE THE FOOD SUPPLY RIGHT NOW WHILE WE GOT TIME!GROW VERTICAL GARDENS IF YOU DONT HAVE THE SPACE! START NOW!
A girl named Ashly Kingsworth was looking for down a well and a ghost pushed her down the well. now that you read this you must Copy and Paste to 2 Other Video's or else tonight at 12:00
she will stand at the end of you're bed and pull you down the well she died in
Why do you assume that the cost of finishing the homes was low enough that Habitat or another group could go in and complete the project?
It's not just about the houses themselves, it's about the roads, water, utilities and any other improvements required by the builder. They can't just slap up a bunch of houses on zoned land and push the infrastructure costs off on someone else.
hey did people in the west late 1800's go thru this no. people with agendas today who don't budge or listen or want to work things out ,deaf ears ,jerk-offs. what a waste . I'm seeing my share of them are you?
I am a Contractor and fixing these homes up Would not be that much materials & labor are down, the bank could have used the power of the media or public officials to work a deal out to eliminate the fines, what ever happened to the art of negotiations? Deals cant be negotiated in a recession? Donate the homes help those displaced by this mess or habitat for humanity This is just wrong and they know it. Get ready America, this is just the start.
Local code enforcement. Builder maybe on their bad side. Local political spite shit. God I hate to see this waste. I've been a carpenter for over 30 years. Sometimes local pols are just inhuman spiteful petty inexperienced little napoleans with wife on the BOC pushing agendas for their own projects. Something is definitely wrong with this picture.
Then you know that all the cards were in the city's hands, but as soon as they began to assess fines, the most economic sensible path for the bank was to demo.
If the city wanted to complete the houses, they should have either connected the bank with Habitat or a HUD Title 6 program, with incentives to free the bank of fees and fines. I'm guess the city is very surprised, thinking by imposing the fines they'd force completion, but forced the issue - undeveloped land is best for the bank.
Victorville is no dump & you don't need to be rich to live here. If that was true the city wouldn't be so much in debt. A debt that has been accumulated by the idiots we put in power. 3 Majors out of four years will not provide confidence. Why? Oh they couldn't take the stress. BS because they made a mess, they can't get out of it leaving the rest of us screwed. They have failed on roads,rail spur,2powerplants,good jobs.
if you cant pay the mortgage/construction loan it goes to the bank. Since the bank is getting fined daily, the best course of action is to demo the houses.
you complain about tearing them down or that the homeless could use them but you are forgetting that someone needs to pay the mortgage.
Again not shocking but your trying hard to make it that way.
Folks, let's remember that the only reason it ever made sense to build luxury homes in a desert 80 miles from the nearest major city was because of easy financing.
These homes make absolutely no sense in today's market. The area doesn't have jobs to support any more $300K+ homes.
Even if the price dropped to half that, it still costs a lot of money just to heat and cool large homes in a desert. Add in public services, providing utilities, commuting costs, maintenence, etc... and you'd see that the real cost of owning one of these white elephants is pretty darn high for an area like Victorville. If you disagree, you're more than welcome to buy one of the thousands of other vacant homes on the remote edges of the Inland Empire.
Who on earth would spend $300,000 for a home in Victorville in a good economy or a bad economy. What the fuck would you live out there? It is ugly as shit. You can get a house in San Diego for $300,000 easy now adays.
Altho it's hot and windy in the summer, and colder than sh** in the winter at night, Victorville is an economic "second chance" community near the L.A. Metro area. Doesn't snow much, unlike Detroit. These homes are inappropriate for the area, "Cambria comes to the desert". So I, sort of, agree with you. Not enough demand to maintain these homes. FYI, I don't live in Victorville, but have lived in a desert community before. I don't recommend living there unless you're up to the elements
Victorville is a haven for illegal mexicans. Over 50% of the population is illegal. Over 20% of the population is on welfare and below the poverty line.
Victorville is a dump. There is a lot of sandy space yet they cram these model homes together on a lot. Any moron could see how stupid those homes looked there.
My friend prosecutes people out there and he said it is a total shit hole.
Daniel, it's amazing that various mainstream media outlets (such as Inside Edition) are covering this story and you are merely a humble vessel for the word of our Heavenly Father who is recognizing how biblical prophecy is being played out in real life.
Shows you how sick the lawmakers are in this very sick world. In one area you have people sleeping in tents getting kicked off the land and having no place to even lie down, and in another area you have brand new homes being demolished. Please tell me that judgment and wrath is not poised over the heads of America.
The problem here is that things like the streets and sewers were unfinished, plus these houses were vandalized (broken glass, etc.). The costs of finishing the streets and other infastructure, plus repairing the houses, was greater than any value they could get from selling them. The city was issuing fines because in their current condition, they are unsafe. The bank picked the choice that lost them the least amount of money.
Maybe this is how the gov't should also quickly deal with the healthcare crisis. Just "knockdown" the excess population that is a financial burden on the system. Fixed with a clean slate. I see an appointment for Kevorkian coming soon.
the bank is a front for the federal reserves and money is a front for control. the government robbs citizens with recycled money that have no value. because control is what they are after. But I think they forgot one thing. GOD IS IN CONTROL NOT MAN
Depending on the location, this may be the economically sensible thing to do. Vacant lots, may, in some places sell quicker than houses. You have to watch the location though!
It is funny to hear that banks are destroying homes while they are pushing legislature to take over prime prisson property to build condos for the ultra rich, their 90000 homeless people alone in LA. What an embarassment these bankers are, after they´ve taken billions in tax payer money theey dare to us that money to loby against the own american taxpayer. Insult to Injury, oh and lets not forget the unreasonable charges abred upon our credit cards; way to say up yours taxpayers!!!
it is a great time to buy, people with money are buying up HUGE swathes of land, companies with money are buying up all the competition, its the same thing that happens during every ecconomic downtime
Just another aspect of the system thats designed to keep the money, and the wealth funneling up
Maybe you shouldn't be builing model homes in Victorville. Nobody wants to live there!! He says Southern California but Victorville is a crap town in between Vegas and LA
I know, do the realtors think that interest rates will stay this low forever? Interest rates will go up, unemployment will go up, and ALT will blow up. The real estate market has some more down side if you ask me.
This is horrible but it sounds like it's not just the bank's fault. The City is equally responsible for not giving them a break with code enforcement. This story needs more reporting. What where the code violations the bank was being cited for?
It probably has more to do with establishing the book value than with any code enforcement fines. Only in America would people destroy something of value to be certain no one else gets a bargain.
obviously the point of a business is to maximize profit and minimize loss, so in this case unfortunately, destroying homes costs less than the alternative.
fucking bureaucracy, if they would just stop fining the bank while they try and get their shit together they wouldnt have to do this. Yay for waste!! dipshits.
This IS the problem with our current financial crisis. Big banks, foreign governments, and hedge funds were caught holding these mortgages and mortgage backed securities these homes represented. The government is currently locking good banks out of the housing market by not taking back TARP money. This effort cannot be sustained unless we wait ten years for enough people to demand new homes. Then we have a nation of ten year homes never lived in. This must happen! Look for lower prices also!
I now have the FULL story and video footage of them demolishing one of the model homes in Victorville CA.
I also have a developing story, according to the workers at the Victorville site, this isnt going to be the last time we see this. They are currently speaking to another bank who wants to demolish 20 brand new homes in Temecula CA.
Please go to this link for the inside story and video of the homes being demolished.
I lived in (rented) San Diego for the past 8 years and I simply refused to pay 300-500K for a stucco box there. Now I live in Indy and I'm still renting even though it's much cheaper to own here. Boy I sure do love the freedom that renting gives me. I was able to pick up, move and join another company with a 30% raise. Any type of debt you carry is slavery... nothing less. Sheeple need to wake up!
I worked for a commercial bank for 9 years and the word "criminal" just isn't strong enough to describe it. When the public think of banks they only visualize the one they walk into with tellers. The corporate side like war.
Why couldn't they take bailout money to make up the shortfall in the lowered sale prices? This is soooo typical of our tax dollars being wasted in an evil fashion!
Apparently this lender hasn't heard of t he Neighborhood Stabilization Program. A non-profit could have bought this and put it to use as housing for people affected by the (dep)recession......tearing it down is a childish game of "If I can't have it NOBODY can have it".
Did you people even listen to him? The homes are UNLIVABLE. As in, they haven't been completed. They can not just give them away. Destroying them is cheaper than finishing them and if they leave them unfinished the company could possibly get sued if some kids snuck in and got hurt or something.
(a very sad) WOW. Ya know I know what excuses would be given but even I could think of some real creative ways to make this kind of nonsence un nessesary and figure out a way to raffle, give away, whatever to not make it a complete loss which is what it is now. UNREAL.
Its not the people... anything with the banking system is heartless. They dont car your pissing behind a tree and they have spare homes, it would never cross their minds to put up people for free where there earn their profits, they'd rather demolish it.
Dumb really most squatters would destroy a home before the original homeowner would in other cases.
Corporations have to make a profit and benefit its shareholders. That's their sole purpose. A corporation is not a person, nor is it a charity. The responsibility for its actions is so spread out, that there is no accountability for any one person on behalf of the corporation (one of the reasons corporations are formed)
I get that, but since they put out all that money and no ones buying, maybe they could bring it to the shareholders and ask.. "hey we have brand new homes and no one will buy then, what do you want us to do? Tear them down, or house a few of the millions homeless in our country so you can sleep a bit better tonight? Afterall the investment is worthless to you. When they get jobs payments will come in, or something like that, who knows? What good is it tearing them down?
True, but theres hardly any upkeep with a brand new home, for at least the length of a depression anyway.
Hows the upkeep those buldosers are performing? lol I bet people thankful for a roof over their heads would do less damage then the buldosers are doing.
When 100% of us gets unemployed maybe the buldozers will do us all a favor on behalf of the expensive upkeep, makes great sense lol
Wow, no one seems to be buying USA made products or investing in US companies.... is it possible that 6 billion people were upset about torture, illegally invading Iraq, sending unmanned bombs into Pakistan, threatening to build a "missile shield" within first strike distance of Russia, the CIA kidnapping people and sending them to secret prisons without charges, Dick Cheney's assassination squad, or squandering money to the tune of $36 000 per man woman and child? naa. Everybody LOVES America.
What a total and complete Waste, shows how much we have not grown as a society when we demolish homes that can house people who need shelter and a place to call home and possibly raise a family.
I had the same thought. A couple years ago, urban sprawl madness and an irresponsible economy made people think it was perfectly reasonable to build and sell houses in the middle of the fucking desert.
The crisis has at least one positive effect: putting some sense back into people.
No chance of sale?? SURELY there could be buyers, just at a very low price. I bet they could have sold those nice huge houses for, say, $100k pretty easily, or $50k would get huge buying demand.
That could only happen after someone dumped a few million into finishing development of the neighbourhood depending you found someone stupid enough to willingly lose money.
Not particularly surprising. Currently down here in SW Florida banks are essentially stopping foreclosures because they don't want to have to pay the taxes and association fees on homes/condos they can't sell to anyone. So basically the places sit empty with no real owners.
what was the freedom u were fighting 4 again,?
now u can feel a little bit of the pain, your rabid government inflicts on the innocent ppl abroad under the guise of freedom, all the while they are oppressing u,now u see they have turned on u. smh
lail111 3 weeks ago
Shocking is not the word.
Instead of working with people and the understanding the economy on a people's level, the banks would rather do this than help.
Beyond words.
George Vreeland Hill
GeorgeVreelandHill 2 months ago
what do you expect from the calif they rather get money than help homeless
owenaero 3 months ago
The Amount of Energy and Material Wasted over time! Recycling! Is Greed Winning?
1more4art 4 months ago
The same thing happened in Texas after the oil bust of the 80s.
Txsray 9 months ago
It is a sin we have to work 60-80 a week to house and feed lazy stupid retarded inner city scum who cal my people the white devil. We waste our tax money on these no good worthless eaters.
MrAppleseed88 9 months ago
Its not like they were nice or anything.
Look at them, they are boxy, bulky, cheap built tract home. They are a dime a dozen and high energy sucking liabilites.
Good riddance.
Let's plant some trees there, or a community garden, or let it go back to being crop land, or a photovoltaic generating field, or let tiny housers settle.
Something nice, green, desirable, nonstereotypical.
StMeade 10 months ago
Wreckless Development.
rlipper 1 year ago
They can't just give them away, but it probably would've peen more prudent to fix whatever code violations they had than to just demolish them. I guess that's what happens when the government is subsidizing the bank's loss on the properties...sad!
Bigpabs83 1 year ago
Good. No handouts.
eatandtravel 1 year ago
in early england, houses were excecpt from land tax if there roof was removed
sellenger 1 year ago
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Just watched the latest episode of Breaking Bad online at lastnightstvshows (.) com
decisivepush 1 year ago
I could have taken that home down much easier and faster. Just give me a match and a can of gasoline!! Simple yet affective!!
GaunletofDestruction 1 year ago
@GaunletofDestruction And bad for OUR ATMOSPHERE dumb-arse.
SpamBAT 1 year ago
@SpamBAT Fuck the environment:)
GaunletofDestruction 1 year ago
@SpamBAT You sound like a typical brainwashed ecolibtard:D
GaunletofDestruction 1 year ago
It was cheaper for the bank to tear them down then to pay the city large fines.
tdubmoto 1 year ago
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R we only capable of passing greed laws at this point. I want a mortgage that is adjustable. Adjustable to fair market value. My grandfather took out a loan 50 years ago to start a business. They gave him ten years to repay it. He repaid it in one year. The next year he bought a house free and clear. To all the BMW driving pinto owners, your getting what you bought. Insecurity. I want what I pay for.
ghostlaw1980 2 years ago
People don't have great homes in Haiti and we're destroying homes, great.
dhbasnk 2 years ago
Rich idiots would have been cheaper just to give them away to someone for the cost of the land and give the house as bonus and have the new owner finish it. A new developer would have probably snatched the deal.
TheCashistrash 2 years ago 2
Over many years we have all been lied to by our Govts. Not just our Govts but by Religous Leaders. We have been taught things that are not in Scripture & many have swallowed many lies by these false prophets. If you are a truth seeker please visit the web site which is displayed in our user name & take the time to read some of the articles.You will be shocked. THERE IS A GREAT AUDIO FOR YOU TO LISTEN TO. You WILL COME AWAY ASKING MANY QUESTIONS. REAL SHOCKING.
Blessings as you seek truth
Ben
2besavedcom 2 years ago
Platooncommander says true. I live in Canada too and it has never happened and will never happen...
Ozzel1122 2 years ago
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Everyone who likes Middle Eastern beats should check out Jimi productionz song called Ohh. Its a Scott Storch type beat its amazing
TheMickswagga 2 years ago
Its real bad in sacramento Ca
bbygurllbre 2 years ago
That was a direct result of the lack of regulation in both the US banking systems and the morgage market....Hey testicle boy...nothing like that can happen here in Canada...so much for your "revolution"
Platooncommander 2 years ago
Time for a revolution !
imbackteslacoils2001 2 years ago 2
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so many people foreclose without realising they have other options. In many cases refinancing can save not just your home but also your credit rating and your self respect.
therefinanceunit . com is not affiliated with a broker or lender. It's an information and education resource to help people avoid foreclosure.
If you're in financial trouble, check it out - the future may be brighter than you think!
MrMortgage1 2 years ago
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
BizReporter1 2 years ago
Must be the results of what Mr Greenspan ( ie. Mr Bubbles) meant when he said there was some "froth" in the housing market. And guess who is going to pay for all these homes being destroyed. Yes of course the "us tax payers" Thank you federal reserve for destroying our economy and value of dollar.
surfer1104 2 years ago 4
All that new building material could easily be recycled. why just mash it down. also, FUCK THE BIG JEW BANKERS
BJZnRPZ 2 years ago
fuckin scum bags run this planet sick this shit revolution is needed to rid these elite cunts.
diveplane 2 years ago
BJZnRPZ you say "FUCK THE BIG JEW BANKERS" I say fuck the stupid borrowers, fuck them for borrowing without thinking and make those smart JEW BANKERS rich. Don't hate them because they're great business people, hate ourselves for spreading our legs and let them fuck us in the ass.
moniequa 2 years ago
Hate too tell you there are a higher percentage of non jews working at Goldman Saks and Citi bank..
surfer1104 2 years ago
Banksters will go to rob us taking our tax dollars AND our HOMES.
darkangelextra 2 years ago
Banksters don't have to rob us we already gave them enough, in fact if they want more they just lower the interest rate and the stupid parasites would go throw to borrow and buy homes they can't afford. So there won't be any robbery because we give them the money.
moniequa 2 years ago
What a waste of natural resource,building material and labor hours...but hey it's all just business,this is what my brothers,our boys and i do,we build,renovate and demolished home and buildings,we do alot of grading,clearing and site preparation also...we provide roll off bins container,truck the debris back to our sorting facility for precious material,before trucking the rest of the debris off to the public landfill in a transfer truck...
KhmerSerey1 2 years ago
So the government buerocrats came after the banks for city code voilations and now the homes are being destroyed????
This is ridiculas the bank could have sold these to someone who needed a home! Even if it was only $20,000! That is a citizen with a home!
WHAT DOES THE CITY OF VICTORVILLE HAVE TO SAY ABOUT THIS?
LeftLiberalSoCal 2 years ago
I can guarantee you if the bank put those house for sale for $20,000 each people will bid them to $200,000 as long as they can borrow they bid the price up.
moniequa 2 years ago
Yes they would.
Put they can't anymore unless they have good credit and at least 20% down (or a gov. loan). But somthing is better than nothing. This an an example of the government's useless red tape harming citizens.
LeftLiberalSoCal 2 years ago
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860015 2 years ago 2
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860015 2 years ago 2
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860015 2 years ago 2
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CAMBabcock2792 2 years ago 3
These damned banks are destroying property to KEEP PRICES ARTIFICIALLY UP! Let's bring these banks to their knees! Run on the banks! Watch my video!
antiforeclosurearmy 2 years ago 2
Were you not even listening? The banks are being driven to do this by the code enforcement fines. It is the tyranny of the government that is penalizing the banks for keeping homes half-built. It is the government, not the bank, that is causing the houses to be destroyed.
herbs814 2 years ago
13. "Your" is a posessive; you meant to say "You're".
14. You're wasting time with spam. Improve or die.
VCat2006 2 years ago
This GUY IS SPINNING THIS and HAS NO CLUE what he is talking about. Bulldozing homes that cannot be sold is a good idea! The finance structure to give people loans is DEAD. Construction loan financing is DEAD. So what do you do? Sell your home/land at a loss or hold onto it and avoid fines by bull dozing them. This guy in no way gives an accurate depiction of the mechanisms that drive this stuff. These videos are very biased and do not show or tell what drives this stuff.
11314100 2 years ago
So they were going to collapse anyway?
VCat2006 2 years ago
What a stupid comment- sell it for 20k flat, at least you're not paying 20k to demolish it -
leppy111 2 years ago
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GAVINWinter8098 2 years ago 4
THis is what is happening? SAD!!! thank you for bringing us this info! i stopped paying taxes along time ago! it is volunteer to do so!
jackie11lilly 2 years ago
We could totally bring down the banks with just a few people if we wanted to. With just a few hundred organized people, we could do runs on the banks that threaten your members. Watch my video on striking the banks back by taking away their foreclosure power.
antiforeclosurearmy 2 years ago
the whole country has gone to crap.every where you look .the Whole USA is going to be living on the streets before its all over.and the banks are going to be saying we need more money, bail us out goverment.
ilililhy 2 years ago
wow sad just sad.....
Dorisequador 2 years ago
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ersuaz 2 years ago 4
This is what the globalists want. The RE greening of the countryside. Tear down the houses, crowd everyone into highly controlled cities. Slave camps if you will
mythicshadowz 2 years ago
cluxda is fucking moron
NtlgntNrg 2 years ago
That's what every person facing forcloseure should do...Tear it up! Then we'll see a change in attitude by the banks regarding forclosures...
ezekieloak 2 years ago
We have homeless families and the fucked up government is destroying new homes.
America is fucked in the head!
BornCitizen 2 years ago 18
Those homes are priceless.
Houses built in the centre of nowhere. Place is insane.
I would never buy this house, even accidentally.
minduton 2 years ago
But homeless people are living in the street and in old cars. It's not about who would buy them, but why not fucking donate them to charity?
Rebellious108 2 years ago 2
homeless people couldn't pay electricity bills or heating bills... come on now
ProtectoroftheTruth 2 years ago 2
@BornCitizen DO SOMETHING THEN!spread organic heirloom food seed far and wide,its called"johnny appleseed economics"or"gorrila gardens",spread more organic food.wake up everyone,do your part!IF YOU ARE angry,get seed and make a organic revolution your way.SPREAD THE HEIRLOOM SEED EVERYWHERE TELL OTHERS! INCREASE THE FOOD SUPPLY RIGHT NOW WHILE WE GOT TIME!GROW VERTICAL GARDENS IF YOU DONT HAVE THE SPACE! START NOW!
A PEOPLE IS ONLY AS STRONG AS ITS STOMACH!
tell 10 OTHER PEOPLE RIGHT NOW!
boxa888 1 year ago
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k this is true but you can die
july. may 20th. 1930.
A girl named Ashly Kingsworth was looking for down a well and a ghost pushed her down the well. now that you read this you must Copy and Paste to 2 Other Video's or else tonight at 12:00
she will stand at the end of you're bed and pull you down the well she died in
rdatlag824 2 years ago
i was gonna make a video about this 3 weeks back.i live near those model homes
leonss10 2 years ago
Why do you assume that the cost of finishing the homes was low enough that Habitat or another group could go in and complete the project?
It's not just about the houses themselves, it's about the roads, water, utilities and any other improvements required by the builder. They can't just slap up a bunch of houses on zoned land and push the infrastructure costs off on someone else.
mkarch75 2 years ago
hey did people in the west late 1800's go thru this no. people with agendas today who don't budge or listen or want to work things out ,deaf ears ,jerk-offs. what a waste . I'm seeing my share of them are you?
johnny9148 2 years ago
Why is this "news"?
ChaosNanite 2 years ago
This isn't "news". It's You Tube. if you want news go turn on the TV.
larstup 2 years ago
Good, enough people live here in Southern California anyway. No need to bring more in.
Death2alQaeda 2 years ago
I am a Contractor and fixing these homes up Would not be that much materials & labor are down, the bank could have used the power of the media or public officials to work a deal out to eliminate the fines, what ever happened to the art of negotiations? Deals cant be negotiated in a recession? Donate the homes help those displaced by this mess or habitat for humanity This is just wrong and they know it. Get ready America, this is just the start.
setpaintertim 2 years ago
Local code enforcement. Builder maybe on their bad side. Local political spite shit. God I hate to see this waste. I've been a carpenter for over 30 years. Sometimes local pols are just inhuman spiteful petty inexperienced little napoleans with wife on the BOC pushing agendas for their own projects. Something is definitely wrong with this picture.
desertblbuesman 2 years ago
Then you know that all the cards were in the city's hands, but as soon as they began to assess fines, the most economic sensible path for the bank was to demo.
If the city wanted to complete the houses, they should have either connected the bank with Habitat or a HUD Title 6 program, with incentives to free the bank of fees and fines. I'm guess the city is very surprised, thinking by imposing the fines they'd force completion, but forced the issue - undeveloped land is best for the bank.
nevikflor 2 years ago
That's what every person facing forcloseure should do...Tear it up! Then we'll see a change in attitude by the banks regarding forclosures...
davidsimsjr55 2 years ago 2
Victorville is no dump & you don't need to be rich to live here. If that was true the city wouldn't be so much in debt. A debt that has been accumulated by the idiots we put in power. 3 Majors out of four years will not provide confidence. Why? Oh they couldn't take the stress. BS because they made a mess, they can't get out of it leaving the rest of us screwed. They have failed on roads,rail spur,2powerplants,good jobs.
dwstrat7879 2 years ago
look at it in the bright side, its gorgeous,if you have $
RULI1974 2 years ago
its not shocking just common sense.
if you cant pay the mortgage/construction loan it goes to the bank. Since the bank is getting fined daily, the best course of action is to demo the houses.
you complain about tearing them down or that the homeless could use them but you are forgetting that someone needs to pay the mortgage.
Again not shocking but your trying hard to make it that way.
SafeArmsReview 2 years ago
maybe the problem is the fining?
myheadhurtsnow 2 years ago
Comment removed
CoPiloT21 2 years ago
Comment removed
CoPiloT21 2 years ago
For the party who commented;Who wants
to live there in Victorville? You must be stinking rich your selfish idiot.Art
sinjoart 2 years ago 3
victorville is fukin cooooooooooooooooool!!!
RULI1974 2 years ago
Victorville is the biggest dump in Calfornia. Why on Earth would ANYONE choose to live in some ugly desert? It's a haven for illegal mexicans.
crossy70 2 years ago
good ,, who the hell would want to live in Victorville? it's in the middle of NOWHERE
231flash 2 years ago
Folks, let's remember that the only reason it ever made sense to build luxury homes in a desert 80 miles from the nearest major city was because of easy financing.
These homes make absolutely no sense in today's market. The area doesn't have jobs to support any more $300K+ homes.
mkarch75 2 years ago 2
Even if the price dropped to half that, it still costs a lot of money just to heat and cool large homes in a desert. Add in public services, providing utilities, commuting costs, maintenence, etc... and you'd see that the real cost of owning one of these white elephants is pretty darn high for an area like Victorville. If you disagree, you're more than welcome to buy one of the thousands of other vacant homes on the remote edges of the Inland Empire.
mkarch75 2 years ago
Who on earth would spend $300,000 for a home in Victorville in a good economy or a bad economy. What the fuck would you live out there? It is ugly as shit. You can get a house in San Diego for $300,000 easy now adays.
crossy70 2 years ago
Giving the homes away would be better than wasting resources demolishing them. How can anyone think this is a good idea?
myheadhurtsnow 2 years ago 3
They could have put maybe a woman and her kids, who were at a domestic violence shelter, there
crossy70 2 years ago
Victorville is a TOTAL DUMP! You have got to be insane to live there. I would rather be homeless in Detroit than live in that hell hole!
crossy70 2 years ago
Altho it's hot and windy in the summer, and colder than sh** in the winter at night, Victorville is an economic "second chance" community near the L.A. Metro area. Doesn't snow much, unlike Detroit. These homes are inappropriate for the area, "Cambria comes to the desert". So I, sort of, agree with you. Not enough demand to maintain these homes. FYI, I don't live in Victorville, but have lived in a desert community before. I don't recommend living there unless you're up to the elements
johnhs3SoCal 2 years ago
Victorville is a haven for illegal mexicans. Over 50% of the population is illegal. Over 20% of the population is on welfare and below the poverty line.
Victorville is a dump. There is a lot of sandy space yet they cram these model homes together on a lot. Any moron could see how stupid those homes looked there.
My friend prosecutes people out there and he said it is a total shit hole.
crossy70 2 years ago
Daniel, it's amazing that various mainstream media outlets (such as Inside Edition) are covering this story and you are merely a humble vessel for the word of our Heavenly Father who is recognizing how biblical prophecy is being played out in real life.
chelle099 2 years ago
Hey VV you made CNBC with this stroy!
trad444 2 years ago
If the bank is getting a Federal Bailout these homes should be given to the poor. This is capitalism at its worst.
13mns 2 years ago
Federal intervention in the market is not capitalism....
ZapruderJr 2 years ago 3
Shows you how sick the lawmakers are in this very sick world. In one area you have people sleeping in tents getting kicked off the land and having no place to even lie down, and in another area you have brand new homes being demolished. Please tell me that judgment and wrath is not poised over the heads of America.
Probesoul 2 years ago
Perhaps the city shouldn't be fining these builders and trying to get people into these homes so that they can get property tax revenue?
Ricky81682 2 years ago
The problem here is that things like the streets and sewers were unfinished, plus these houses were vandalized (broken glass, etc.). The costs of finishing the streets and other infastructure, plus repairing the houses, was greater than any value they could get from selling them. The city was issuing fines because in their current condition, they are unsafe. The bank picked the choice that lost them the least amount of money.
Geotpf 2 years ago 2
If that is not shown on the financial report nobody would notice? Nothing changed.
qweszxcqazesc 2 years ago
Maybe this is how the gov't should also quickly deal with the healthcare crisis. Just "knockdown" the excess population that is a financial burden on the system. Fixed with a clean slate. I see an appointment for Kevorkian coming soon.
Teyec00n 2 years ago
the bank is a front for the federal reserves and money is a front for control. the government robbs citizens with recycled money that have no value. because control is what they are after. But I think they forgot one thing. GOD IS IN CONTROL NOT MAN
shameera93 2 years ago
would say believing to have contracted terminal eye cancer, and therefore actually having to change one of the lines in Paper towns.
Chick6517 2 years ago
Depending on the location, this may be the economically sensible thing to do. Vacant lots, may, in some places sell quicker than houses. You have to watch the location though!
GKiltz 2 years ago
I'm pretty sure that's the model home from Arrested Development.
PoopSushi 2 years ago
This has been flagged as spam show
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Lightning989888 2 years ago
It is funny to hear that banks are destroying homes while they are pushing legislature to take over prime prisson property to build condos for the ultra rich, their 90000 homeless people alone in LA. What an embarassment these bankers are, after they´ve taken billions in tax payer money theey dare to us that money to loby against the own american taxpayer. Insult to Injury, oh and lets not forget the unreasonable charges abred upon our credit cards; way to say up yours taxpayers!!!
thermalfreek 2 years ago 2
banker conspiracy control of the elder zion!
ron paul 08
healaryclenton 2 years ago
What does this have to do with Extreme Home Makeover?
Livingvibe 2 years ago
Wow, great reporting man!
YourWorldTimesVideo 2 years ago
if only miley cyrus and the jonas brothers could be in these
houses while they're being demolished
wisecracker12 2 years ago 3
. Bankers destroy the homes to show there was no residual value. That is how they steal bailout bucks.
TiredOldFart 2 years ago 2
it is a great time to buy, people with money are buying up HUGE swathes of land, companies with money are buying up all the competition, its the same thing that happens during every ecconomic downtime
Just another aspect of the system thats designed to keep the money, and the wealth funneling up
dreamthinker79 2 years ago
Maybe you shouldn't be builing model homes in Victorville. Nobody wants to live there!! He says Southern California but Victorville is a crap town in between Vegas and LA
poohpants 2 years ago
Victorville experienced an extreme BOOM during the artificial price boom of the 2000's.
visionvictory 2 years ago
Realtors will tell you now is a great time to buy. OMG......
jvolstad 2 years ago
I know, do the realtors think that interest rates will stay this low forever? Interest rates will go up, unemployment will go up, and ALT will blow up. The real estate market has some more down side if you ask me.
thx for the comments
visionvictory 2 years ago
well explained!!!
basszack 2 years ago
This is horrible but it sounds like it's not just the bank's fault. The City is equally responsible for not giving them a break with code enforcement. This story needs more reporting. What where the code violations the bank was being cited for?
mpascal 2 years ago
It probably has more to do with establishing the book value than with any code enforcement fines. Only in America would people destroy something of value to be certain no one else gets a bargain.
TiredOldFart 2 years ago
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PaperBagBandits 2 years ago
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beatkraft100 2 years ago
obviously the point of a business is to maximize profit and minimize loss, so in this case unfortunately, destroying homes costs less than the alternative.
gsadler82 2 years ago
they should of sold them off in a raffle for charity...
the Bank ceo's are Idiots.....
aceyorba 2 years ago
fucking bureaucracy, if they would just stop fining the bank while they try and get their shit together they wouldnt have to do this. Yay for waste!! dipshits.
IndIka024 2 years ago
So... they destroying the homes?
jffersontube 2 years ago
Yes, check out the video on the main page.
youtube. com/visionvictory
visionvictory 2 years ago
If money is free, I guess that anything can be a profitable business.
Liozeris 2 years ago
why would a bank be fined for code violations on homes that are a) not completed and b) unoccupied? Something is not right here
DiggetyE 2 years ago
This IS the problem with our current financial crisis. Big banks, foreign governments, and hedge funds were caught holding these mortgages and mortgage backed securities these homes represented. The government is currently locking good banks out of the housing market by not taking back TARP money. This effort cannot be sustained unless we wait ten years for enough people to demand new homes. Then we have a nation of ten year homes never lived in. This must happen! Look for lower prices also!
imataxslave 2 years ago
I now have the FULL story and video footage of them demolishing one of the model homes in Victorville CA.
I also have a developing story, according to the workers at the Victorville site, this isnt going to be the last time we see this. They are currently speaking to another bank who wants to demolish 20 brand new homes in Temecula CA.
Please go to this link for the inside story and video of the homes being demolished.
watch?v=ZsgOaCZ2Lag
visionvictory 2 years ago
why would a bank be fined for code violations on homes that are a) not completed and b) unoccupied? Something is not right here
DiggetyE 2 years ago
This is really bad BAD BAD. There should be a way to give these houses away for a tax writeoff or something, rather than wreck them.
anabaptistSue 2 years ago
good video
JUDASismyHERO 2 years ago
These banks and builders are all criminals.
I lived in (rented) San Diego for the past 8 years and I simply refused to pay 300-500K for a stucco box there. Now I live in Indy and I'm still renting even though it's much cheaper to own here. Boy I sure do love the freedom that renting gives me. I was able to pick up, move and join another company with a 30% raise. Any type of debt you carry is slavery... nothing less. Sheeple need to wake up!
JP5466 2 years ago
JP5466,
I worked for a commercial bank for 9 years and the word "criminal" just isn't strong enough to describe it. When the public think of banks they only visualize the one they walk into with tellers. The corporate side like war.
brrtown 2 years ago
lolololololol hahahahaha, I'm sorry.
This is too funny. Destroying the houses because of "regulation code" fines....
Man, this planet gets better every day.
whataclusterfuck 2 years ago
This is awesome!
Intransitman 2 years ago
Why couldn't they take bailout money to make up the shortfall in the lowered sale prices? This is soooo typical of our tax dollars being wasted in an evil fashion!
Great reporting Daniel.
DoctorsWife56 2 years ago
Its SENSELESS!
GrahamAndFriends 2 years ago
Apparently this lender hasn't heard of t he Neighborhood Stabilization Program. A non-profit could have bought this and put it to use as housing for people affected by the (dep)recession......tearing it down is a childish game of "If I can't have it NOBODY can have it".
v7j7w7ard 2 years ago
this is pretty immature of me but HA! HA!
L13Sings 2 years ago
Did you people even listen to him? The homes are UNLIVABLE. As in, they haven't been completed. They can not just give them away. Destroying them is cheaper than finishing them and if they leave them unfinished the company could possibly get sued if some kids snuck in and got hurt or something.
theanticrust42 2 years ago
(a very sad) WOW. Ya know I know what excuses would be given but even I could think of some real creative ways to make this kind of nonsence un nessesary and figure out a way to raffle, give away, whatever to not make it a complete loss which is what it is now. UNREAL.
Tazinround 2 years ago
This is terrible, I'm glad you are filming this and warning people about this.
RJL738 2 years ago
Ive never seen this eighter wow
Lots of 1sts happening
Will the backhoe operator need counseling after he finishes?
AR15Truther 2 years ago
Way to go America - one group of people are destroying unwanted homes while another group of people are homeless.
You are truly a land of people who do not care about each other.
herohumper 2 years ago 4
You said it! Its SENSELESS!
Its not the people... anything with the banking system is heartless. They dont car your pissing behind a tree and they have spare homes, it would never cross their minds to put up people for free where there earn their profits, they'd rather demolish it.
Dumb really most squatters would destroy a home before the original homeowner would in other cases.
KARStarla 2 years ago
Corporations have to make a profit and benefit its shareholders. That's their sole purpose. A corporation is not a person, nor is it a charity. The responsibility for its actions is so spread out, that there is no accountability for any one person on behalf of the corporation (one of the reasons corporations are formed)
masterstghm 2 years ago
I get that, but since they put out all that money and no ones buying, maybe they could bring it to the shareholders and ask.. "hey we have brand new homes and no one will buy then, what do you want us to do? Tear them down, or house a few of the millions homeless in our country so you can sleep a bit better tonight? Afterall the investment is worthless to you. When they get jobs payments will come in, or something like that, who knows? What good is it tearing them down?
KARStarla 2 years ago
The homeless wouldn't be able to afford to pay for them anyway, or at least not their up-keep.
masterstghm 2 years ago
True, but theres hardly any upkeep with a brand new home, for at least the length of a depression anyway.
Hows the upkeep those buldosers are performing? lol I bet people thankful for a roof over their heads would do less damage then the buldosers are doing.
When 100% of us gets unemployed maybe the buldozers will do us all a favor on behalf of the expensive upkeep, makes great sense lol
KARStarla 2 years ago
Let,s hope they will recycle and re-use as much as they can.
belamoure 2 years ago
watch?v=B0vDkwT2VlY
visionvictory 2 years ago
Would you want to live in an area where bulldozers crash into your home daily, trying to tear it down? No wonder they wouldn't sell!
hughtub 2 years ago
Great reporting Watchman! Keep it coming.
Dakarah777 2 years ago
VV gets Dugg! Woot! Grats man!
FurkDaJerk 2 years ago
While people cant afford to pay the for the homes they live in and are forced out on the street. What about the hurricane victoms. Fuck the rich.
Taty4 2 years ago
"victoms"
hahaha
tehjooteh 2 years ago
PART 3 comes out tomorrow, its going to blow you away :)
visionvictory 2 years ago
Wow, no one seems to be buying USA made products or investing in US companies.... is it possible that 6 billion people were upset about torture, illegally invading Iraq, sending unmanned bombs into Pakistan, threatening to build a "missile shield" within first strike distance of Russia, the CIA kidnapping people and sending them to secret prisons without charges, Dick Cheney's assassination squad, or squandering money to the tune of $36 000 per man woman and child? naa. Everybody LOVES America.
prisonerofmachines 2 years ago
The joys of capitalism
mjalloxxxx 2 years ago
What a total and complete Waste, shows how much we have not grown as a society when we demolish homes that can house people who need shelter and a place to call home and possibly raise a family.
stefanybody 2 years ago
There is more to owning a home then the initial purchase price.
nitroburn 2 years ago
Now THIS is news. You'll never see shit this real on CNBC. Thanks for uploading this video, people need to see it.
The recovery is way, way off. Don't let this rally fool you.
drunkeykong 2 years ago
Unlivable "model" homes? What makes you think they were finished?
alexanderzero 2 years ago
Stage two in progress
ChristianArmorOfGod 2 years ago
No wonder they couldn't sell them...looks like the middle of the desert. Very undesirable place to live IMHO.
aussieNickuss 2 years ago 3
victorville blows. drive through and don't stop unless you need gas.
theo800 2 years ago
I had the same thought. A couple years ago, urban sprawl madness and an irresponsible economy made people think it was perfectly reasonable to build and sell houses in the middle of the fucking desert.
The crisis has at least one positive effect: putting some sense back into people.
intigfx 2 years ago 2
nooo, dey be destroyin' our crack dens!
tagaEskinita 2 years ago
LOL @ Idiots buying/building shit they can't afford.
nitroburn 2 years ago
pfft thats not shocking. i would do the same if i inherited a half built community with no chance of sale.
kbertin 2 years ago 2
No chance of sale?? SURELY there could be buyers, just at a very low price. I bet they could have sold those nice huge houses for, say, $100k pretty easily, or $50k would get huge buying demand.
hughtub 2 years ago
That could only happen after someone dumped a few million into finishing development of the neighbourhood depending you found someone stupid enough to willingly lose money.
nitr0burn 2 years ago
Not particularly surprising. Currently down here in SW Florida banks are essentially stopping foreclosures because they don't want to have to pay the taxes and association fees on homes/condos they can't sell to anyone. So basically the places sit empty with no real owners.
RollWithItVideos 2 years ago
WELFARE for the RICH, CAPITALISM for the REST.
Sounds like FASCISM to me.
SATANSbankers 2 years ago 3