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Real Estate Bubbles and California's Economic Growth, Part 1

An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.  
 
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glowfood (3 months ago) Show Hide
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Wrong, democrats took control of congress in 2006.

Thornberg is spot on.
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vforvictoryv (5 months ago) Show Hide
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How right is this guy, it all makes perfect sense. This video was made at the end of 2006 (I think he says).

Average USA house price 2006 Quarter 4 $257.671.
Average USA house price 2009 Q1 $169,000.

Average Los Angleles price December 2006 $533,000
Average Los Angleles price February 2009 $ 303,500.

Las Vegas December 2006 $323,000
Las Vegas February 2009 $155,000.

Its a simlar story everywhere in the USA.
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fueledbymusic3 (8 months ago) Show Hide
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This STUPID housing market thing reminds of how STUPID people are when they were ALL IN A HURRY to buy a home. I guess when loan co. decided to make it EASIER for almost ANYBODY to get in. "What's the hurry, man!!" This is when people (I heard) were actually IN LINES to buy!! WHAT"S UP MAN!!!!!! This is NOT Circuit City/Best Buy etc black Friday, now... GGGEEEE
bajawind (9 months ago) Show Hide
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just two months ago a barber explained to me what a great investment canadian real estate is--now was. what everyone knows is always wrong--eventually.
jandean61 (10 months ago) Show Hide
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WOW ! This was posted in 2007 ! So. Ca R.E market hasn't gotten alot worse since !
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poxmovies (10 months ago) Show Hide
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nice video thanks

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