Been warned - Real Estate Bubble Burst!

Today Show 7/21/06; just doing a favor to a friend to post this video. I am NOT into this subject. Please invite me as a friend for this.

Category:

News & Politics

Tags:

• real
• estate
• bubble
• burst
• down
• market
• 2006

[alanhowitzer]

Good news if you want to buy a home?! Real estate prices have barely gone down where I live after a 200% increase over the past 10 years. What kind of great deal is that? NBC F'ers!!!!

[lennyfest]

anybody that decides to buy property now is a fool real estae in america will decline a min of 20% this year , even more in certain areas , real estate went up 20% a year for the last 5 years it could very easliy go down 20% a years for the next 5 years , dont listen to real estate agents telling you its a great time to buy, thats bull shi t ,, realtors are liars , dont trust them .. dont buy wait and save big money ,

[gordyt99]

Canadian markets are now going through what USA ones experienced when this news was released.

[seantube21]

Calvin Goad (Re/Max) on San Diego real estate 7/22/2006 "Right now it's the perfect time because it's a buyer market..." I realize hindsight is 20/20, but come on Calvin...did you really believe that?!?

[aTibetLover]

"The past is a guide. The Japanese Real Estate dropped 90% from its height in 1990's and still haven't recovered. The Hong Kong market dropped 70% and has yet returned to its previous level. The US bubble is comparable if not bigger than those two bubbles. It's going to be a long and painful crash."

[aTibetLover]

Real Estate prices will over correct itself and go back down to 1995-1997 level, before the bubble begins and stays there for a while.

How it ends will be like how it began.

[americanplanninginc]

I LOVE THIS VIDEO ARTHUR ROBINSON

[kng863]

Humm. Well, this was bound to happen when public servants (teachers, cops, firemen) can't afford to live in some of these places. Wages haven't grown to keep up with inflation. Everyone gets priced out of the market and so we have a glut of homes. Homes used to be a place to live, not an ATM machine. What really irks is that even the high-income earners got caught in this mess, thinking they could sell a $1million home to the next flipper. Now they're knee high in debt and trying to sell.

[dejavin]

Indeed it's all about basic algebra (Youtube:exponential growth) and the psychological threshold of 1M US$(Google:Money as debt). 5% growth of salary/year means double salary in 10y.If you can afford to pay 4000$/month now for a 700K home (NO INCENTIVES) cutting let's say 66% of your net income(+2k personal expenses)in 10 years will be 40%(remain 6k to spend!)in 20 years will be 24%(12k left!),in 30 years will be 15%(22k left!).Time costs too, I'm 36, plus waiting = pay more rent!!!

[ospTube]

LOL he said in July 2006 "It's a buyers market"

IDIOT

[lasttoknow2]

Don't trust real estate agents !