Another Real Estate Crisis Is About to Hit

"The main source of the economic crisis is the infantile belief of U.S. policymakers that an economy could be based on debt expansion. As offshoring moved jobs, incomes and GDP out of the country, debt expanded to take the place of the missing income. When the offshored goods and services were brought back to be sold to Americans, the trade deficit rose, adding another level of financing for an economy that consumes more than it produces." - Paul Craig Roberts

Read more: http://www.economyincrisis.org/articles/show/2385

Category:

News & Politics

Tags:

• real estate
• US economy
• Economy in crisis
• Free Trade
• fair trade
• Paul Craig Roberts

[alecfromelatvia]

America, America, America, America

O beautiful for spacious skies, for amber waves of grain

For purple moutain majesties above thy fruited plain!

America, America, God shed His grace on thee

And crown thy good with brotherhood from sea to shining sea

[Ira0321]

good video but seriously bad spelling

[AceOfHeart2012]

Forgive ALL mortgages and reconvey ALL foreclosures dating back to Y2K. The banks NEVER OWN THE HOMES THEY FORECLOSE ON IN THE FIRST PLACE! If homeowners had that $500 to $5000 per month to spend back into the economy you'd see a stimulus program that would benefit the people instead of the banksters. The banks received enough money to do just that. Pay off ALL mortgages. But no! They had to be greedy bastards and steal it all. AGAIN!. When are the sheeple going to wake the fuck up?

[Ibuysellinvest]

WAVE TWO IS COMING

[Chann1549]

Ever since people have had access to "bad loans" aka loans they couldn't afford housing prices have drastically increased. The average American salary increased approx 2.4 times its rate from 1967-2009, but the average cost of the American home increased 9.8 times during the same time period making housing less affordible for the average American unless they took out a "bad loan".  We need to let the market crash so we can get housing prices back to affordable levels.

[vpatel12]

great video, reminds me of southern california, there is a way to make money from a declining commercial real estate market...

check out DRV

it is like a mutual fund which is positioned to make money shorting the commercial real estate market.

[monkeyman1140]

Banks would never do that because their investors want profit profit profit.

[juddsk]

Thats right. let them rot. The banks and the people got themselves into this mess. They should be the ones to suffer. Why should and avid saver and a thrift like myself suffer? Let things tumble down so I can buy things at a much cheaper price. Haven't people learned there are consequences to doing ridiculously stupid acts. Clearly they have not.

[buzzz121]

OK then let the banks take them back and watch them rot, clearly they can't sell them.

[juddsk]

Let it slide. I, and every other 20something I know who wants to buy a home as well as other goods, want prices to drop. The only answer is not spend spend spend. That's very similar to an individual buying more and more things when he is already in debt. This clearly makes zero sense. In fact, it sounds soo stupid that a 6 year old can tell you it makes no sense. However, when it comes tothe government there are all kinds of crazy justifications used to sell their macroeconomic policies.