Real Estate Bubbles and California's Economic Growth, Part 3

2012!........gun to the head.....goodbye world.

These are great video series for a high school student like me and others. I learn more on YT and books, then school.

I got my undegrad in economics and finally something is posted which everyone should watch. Great video

all prices are falling, and will fall until the unemployment rate bottoms out. we have a LONG way to fall--except in canada according to my barber...sound familiar?

It is not the value of the house that went up it is the value of the land. Houses do not appreciate but land value does. The economic profession would have us believe that the economics of land is no different than the economics of man made stuff. They say land is capital. The economics of land is completely different than the economics of capital. For example how does something not man made get its market value. Because land is left out of the discussion full understanding cannot be had.

Great talk.

Im from Saskatoon, SK, Canada and weve had 57% appreciation last year and forecasted to be 26% more this year. And everybody cant stop boasting about how much their home is worth, and people spending like crazy.

People do see the storm clouds but they say its different here. People buying because they think they'll be priced out forever.

I have a feeling we are where you were in 2004-05. The ride down is not near as fun as the ride up. No subprime might ease the pain.