Exception Market - 3:16
NATS - Music
0:00 [SUPER] Cody Jennings - Videographer - cjenning@ksla.com
"In your area there wasn't a boom that was as intense as in many other parts of the country"
0:11 [SUPER] Tommy Williams - President - Private Wealth Management Group
"The coasts east and west had housing booms and we didn't have a boom in this part of the country and so we're not experiencing a bust"
"We've seen a steady increase in our median home price around..."
0:23 [SUPER] Brad Gosslee - Coldwell Banker - Chief Operating Officer
"two to three percent where as the national median home price has dropped as much as nine or ten percent a year over the last three years".
0:31 [SUPER] Tim Shaughnessy - Professor of Economics - Louisiana State University
"People have kind of wondered why our housing market has been pretty stable in the recession, well it's because it seemed to have been pretty stable during the boom period before that"
"We're seeing homes sell at approximately 96 percent of asking price in our market".
"The fact that we didn't participate in the boom and we didn't have the collapse in our region of the country puts us in an eviable position".
"So you can actually go buy a lot of house for your money here whereas in many markets 1st time home buyers were having to get in at 300, 400 thousand dollar price point and getting a very small home".
1:11 [SUPER] Rocky Rocket Director - Bossier Economic Foundation
"This area did not compromise on what they were seeing nationally. They still held true to their practices of you have a long term job with some history to be able to qualify for a loan. We didn't fall in to that practice, we were very very fortunate".
"We didn't have the high percentage of sub-prime lending, our economy has been strong so we have not had a high unemployment rate. People that have bought homes have been able to pay their mortgages, they have been able to keep their jobs".
"On the other side of the coin to this area has been through something along those lines in the mid 80s. Then we diversified our economy quite a bit to where if one area took a hit the other areas don't necessarily take a hit".
"One of the reasons was that in the 1980s there was an oil boom and savings and loan associations got involved in financing that boom, and when the oil price dropped dramatically in the mid 1980s many savings and loan associations went out of business. Now that's still..."
1:56 [SUPER] Joe Salerno - Professor of Economics - Lugwig Von Mises Institute
"in the collective memory. So the boom was never restarted in Oklahoma, Texas and probably parts of Louisiana, and that's a good thing, not to have had housing prices rise and not to have had new projects that ultimately were not sustainable".
"We'll still see some hiccups here and there, we are not immune to it all. But I think we are stronger than everywhere else because of our going through it in the past and gearing up for it in the future".
2:26 [SUPER] Kurt Foreman - Vice President - Shreveport Chamber of Commerce
"I would'nt say we are slow but we have certainly grown at our own pace and now it's a blessing rather that a curse. Some places grew very fast and have had a very sharp decline".
2:37 [SUPER] Dr. Loren Scott - Professor of Economics - Louisiana State University Baton Rouge
"You are going to do much better than the national economy ever throught about doing. And I think the primary reason is you have had well over four billion dollars in money pumped in to your economy that would not have been here otherwise through the Haynesville Shale. It has made all the difference in the world in your economy".
NATS - Cars driving by
"The Haynesville Shale and Global Strike Command here recently have helped prop us up while the rest of the country has been going through hard times".
NATS - Music
"Gaming, we have healthcare... we have manufacturing, oil and gas. For a community our size we have a wide range of diversified pieces in our economy".
"There's a lot going on in the area that may be small, ten here , five here. But over time even the film industry and digital media is a key part of our future".
Music:
Artist - OTT
Album - Skylon
Track - Roflcopter
Fan description:
In his largely instrumental track called "roflcopter", a chopped up British voice suddenly emerges, saying the following spoken lyrics very quickly in succession, which I thought were absolutely brilliant! It seems he has the same cynical view of the direction the modern world is going that I do ;) We're doomed!
"lie, cheat, deceive, connive, buy now, pay later, consolidate your loans, take more, give less, drive big, eat all you can, survival of the fattest, shock and awe, regime change, do as i say, not as i do, eye for an eye, free money if you fall over, sue the company, diminished responsibility
everything is acceptable, as long as house prices don't crash"
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2:11
Default America: Commercial Real Estateby ziocody1,805 views
Which city is this
djguy100 10 months ago
@djguy100 Shreveport Louisiana population just under 200,000
ziocody 10 months ago
Thanks for this informative video. What's the name of the song?
stramineushomo 1 year ago
@stramineushomo Artist: Ott, Song: Roflcopter
A fan writes: instrumental track, chopped British voice suddenly emerges saying the following: lie, cheat, deceive, connive, buy now, pay later, consolidate your loans, take more, give less, drive big, eat all you can, survival of the fattest, shock and awe, regime change, do as i say, not as i do, eye for an eye, free money if you fall over, sue the company, diminished responsibility, everything is acceptable, as long as house prices don’t crash
ziocody 1 year ago