Housing Crash (Part 1)

Part 1 http://www.youtube.com/watch?v=_MS3xSDxQ2A&feature=channel_page
Part 2 http://www.youtube.com/watch?v=UXTQGJnMU90&feature=channel
Part 3 http://www.youtube.com/watch?v=p0RCtoC6ob4&feature=channel


PART 1

0:00 - 0:30 Introduction
0:30 - 2:00 What is Fannie Mae and Freddie Mac, and what do they do?
2:00 - 3:09 What is the HUD (Housing and Urban Development), and who controls it?
3-10 - 3:50 Other financial institutions
3:50 - 6:11 Interest rates, the Federal Reserve and Subprime Loans
6:11 - 7:01 Down payments
7:01 - END California - why are houses disproportionately more expensive there?


PART 2

0:00 - 0:40 California - why are houses disproportionately more expensive there?
0:40 - 1:40 The Houston and Dallas Model, compared to other cities with massive laws
1:40 - 3:00 "Affordable Housing"/Government housing
3:00 - 4:30 Price controls on housing and interest rates
4:30 - 6:30 Government legislation (Community Reinvestment Act of 1977, American Dream Downpayment Act, Federal Housing Administration, government quotas forcing banks to accept people in the low income stratum, etc.)
6:30 - 7:00 What is the FDIC (Federal Deposit Insurance Corporation)?
7:00 - 8:30 Laws on banks and history of government guaranteed banks in the U.S. as opposed to Canada during the Great Depression
8:30 - END "Creative" mortgage plan payments ("interest-only" plans, ARMs, etc.)

PART 3

0:00 - 2:24 "Creative" mortgage plan payments ("interest-only" plans, ARMs, "teaser" interest rates, etc.)
2:25 - 4:27 The Housing Crash (which places got hit the worst?)
4:28 - 5:12 The Bailout
5:12 - 5:34 Why did people stop paying their mortgages?
5:34 - END Conclusion

Category:

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Tags:

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[qCOMODOp]

Loving the MJ Thriller poster going on in the background...got mine up on the walls

[AntonBatey]

lol cool.

[moyvilla9]

I cannot add anything to this, you have it all becides that this housing crash is a good thing, it had [and was going to] happen sooner or later.

House prices were gone crazy, there was no way anyone could become a first time buyer of any decent home until they were nearly 40 if this "housing boom" kept going.

[sovietjoybuzzer]

@IIoWoII You'd think, but that's not the whole story. You need to think about who's buying the homes. It's adults with children. Parents buy houses largely based on the school district in which the house is located. American parents are really buying "good" schools, so that their kids can attend even better universities. Housing costs ballooned, in large part, because Americans entered a bidding war for their children's future.

[IIoWoII]

Why is "owning" a house so important to USA people...?

Either you pay rent monthly, or you think you own a house and you'll pay mortage monthly. It's almost the same.

[FireGuyX]

zoning laws right?

[businessguys]

Yeah play the Barney Frank and Liberals fighting to keep Fnnie Mae and telling us Alll i well. You better head to wal mart.

[businessguys]

get out of your moms basement...

[SKUNKBALLScom]

I agree with what you're saying, but not with the MJ poster, they wasted millions of tax payers dollars on a pointless memorial at the staples center for that guy.

[xxiLOVEcbxx]

ont you just love stephen and his big words ^^