THE HOUSING CRASH IS ON!!! TELL ME CAN YOU FEEL IT!

THE HOUSING CRASH IS ON!!!!! TELL ME CAN YOU FEEL IT!

Commentary was from Peter Schiff at www.europac.net

Category:

People & Blogs

Tags:

• subprime
• housing
• bubble
• crash
• foreclosure
• real
• estate
• alta
• loma
• rancho
• cucamonga
• temecula
• redlands

[MillionaireMC]

I don't know - some people are stupid. you must have a REAL sour soul to be happy that people are losing their homes. Most of these people were just trying ahead while you were sitting on your butt doing nothing. Now you are happy that many are losing homes. You know what ... I BET even as the market is dropping you will find an excuse to not buy a house ... people like you always have an excuse NOT to do things.

[john67elco]

I sold property in early 2006. Everyone with half a brain saw this coming. Don't be stupid next time.

[Bo0ja]

This was manipulated. Don't believe for a second Greenspan didn't know what he was doing. The FED is a private company and was sold the the public on a lie and this housing crash only serves the interest of the globalists. get ready for unlimited immigration, a new currency, and an entirely new country similar to the EU. problem/reaction/solution

[AtheistAmerican]

I love being on the side of the fence that is just sitting back and laughing at all of this....now, when prices bottom out, I can actually get into a house. Little ole' ME - someone with stable income, a down payment, PERFECT credit, and almost no debt - you know, the only people who should have been allowed to buy fucking houses in the first place!!!

[EconCat88]

Eat shit and bark at the moon to the top-buying suckers and I hope all the condo flippers are now flipping burgers to pay their bills!

[aceyorba]

oh boy it's getting UGLY

welcome to Taxifornia

[kng863]

A house is a LIABILITY! Nobody cares if you owe more on the house than it's worth! Prices don't have to go up when there's cheaper alternatives. In some parts of the country, it's cheaper to rent than buy over 30yr. I have no remorse for they guy who bought a mcmansion thinking he could sell. I think I'll die before I see the McMansion sold or liquidated. I foresee terrible days ahead, like a spike in crime.

[aceyorba]

THEY KNOW NOTHING""

Send this Video to 5 people you know that are still in denial and watch the feedback you get...THEY WILL ASK IF YOU ARE OK...SINCE YOU ARE SO PESSIMISTIC ON THE ECONOMY/COUNTRY.

They are still in " heavy denial" even my Friends that have lost half of their 401K or shall I say 201K.

I feel that only one percent or less even have some sort of a clue that something is going seriously wrong in our country..Just keep watching your Dancing with the Stars. Sheeple...

[gunsandroses1111]

All true but why do Americans have to buy, why not as here in the UK, poorer people rent State properties? Owning is not for everyone. And who said house values should always go up? Why? There is no reason. When all this Subprime nonsense fell apart it exported that severe crisis to the rest of the world, who never had anything to do with pure greed in the US, Can we sue the US authorities for severe damage to our own financial system? Very angry (one of very many) British person .....

[NJ86O]

Housing crashes are good for people who could not afford a home, low prices always make life better for everyone (except the cold blooded

rich and greedy bankers/investors ) of course but hey the rich dont care about the poor

wallstreet poeple investors and bankers have no feelings

[danger0usknowledge]

A lot of our more educated geniuses think taxpayers are bailing out New york City or Wall St banks. Europe is as bad or worse than us. This isn't Cali or Florida, it's global. Funny thing is during the last crisis back in 1989 $75 BILLION went to TEXAS Savings & Loan institutions. 1/2 THE NATIONAL BAILOUT COST OF 175 Billion during the administration of Bush Sr. Bush Jr. has outdone his dad again. This one will cost 1 Trillion. How is it they both happened during with a Bush presidency?

[moniequa]

I don't know but I just think people shouldn't be buying right now. Central Cal houses are still about $200/sft which a bout %130 over the value.

[1samothrace77]

who is buying and at what prices are the questions you should be asking check property appraisers website

[moniequa]

I just looked at craigslist's real estate section, people are still buying. Home prices are still high, thats why I am hoping that the economic crisis comes sooner. I am tired of waiting already.