California Real Estate Crisis March 13, 2010

CALIFORNIA MELTDOWN - March 13 2010.. More evidence of the economic collapse in Northern California. Commercial real estate empty and abandonded and bankrupted businesses. The Sacramento area has been particularly hit. Latest figures released quote 13.1% unemployment in the Sacramento area. They just kept on building and building... who did they think was going to rent these? How are these developers paying their loans on these properties when they sit empty year after year? WWW.MYMORTGAGENIGHTMARE.COM

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Category:

News & Politics

Tags:

• california
• foreclosure
• economic
• collapse
• bankruptcy
• sacramento
• el
• dorado
• hills
• calfornia
• depression
• recession
• small
• business
• real
• estate
• retail
• commercial
• broke
• homeless
• unemployment
• jobs
• mortgage
• modification
• short
• sale
• deed
• in
• lieu
• homeowner
• ghost
• town

[JoeJacari]

Donuts.  They need a donut shop there. That will do it. That will solve the economic crisis!

[californiameltdown]

@JoeJacari Oh yeah I agree. Everyone loves donuts!

[spectrum2000now]

This video not only show about the real estate crisis hit in California but also show how people have been affected in the said crisis.

[bicepsca]

is this place for sale?

[MPS72192]

If any body is interested in making some extra money working from home, feel free to check out my page or website below

rapidrevenue.ws

[superduc99]

@aprilrosemusic, Human lived in cave for last billion years? Not quite. According to Al Gore (well, he found the internet) the oldest human (hominid) fossil found was dated back to about 3 million years and modern human (Homo Sapien, not homosexual) couldn't be older than 400,000 years. Homosexual only emerged recently due to social and moral failure in the West.

[EconCat88]

I love your videos.

[aprilrosemusic]

Human lived in cave for last billion years happy as in happy with no technology and no power tools and no machines.

Here we are in 21 century with advanced technology living almost homeless.

The animals have much better life than human

[missionaryoffaith]

@JoeJacari even police enforcement like donuts , but don't forget a liquor store in there and maybe a smoke store...

[workwillfreeyou]

Thanks, I want to open a store selling Chinese junk. I can sell it to all of the unemployed people.

[pickupcorn]

I am wondering why people with the finances to do it don't buy up these houses as investments and rent them out? Are foreign investors buying them at all? Is there nobody left in these cities to rent the houses any longer?

[pickupcorn]

G'day, Sounds like you have a hint of an Aussie accent there. Why don't you come back here to live? Just curious....