Housing Depression – The Truth Behind the Statistics Part 4/5
Builders begin to RENT?!? model homes….WTH?!?! inflation.us To Support this Channel? VISIT inflation.us inflation.us inflation.us inflation.us inflation.us and sign up for MY FREE newsletter!!! G4T Website! g4t-forums.com g4t-forums.com g4t-forums.com To Support G4T www.paypal.com george4title(AT)yahoo.com
@11314100 Mucho metamphetamine addiction in the Victorville, Hesperia and Apple valley townships…
I think we need to gove congress a big thanks. How many of our jobs have they exported over seas with their global economy balony and free trade and gatt??
Look how much is imported from China and other countries.
But, where are you supposed to live? I don’t know about you but I haven’t seen any $40,000 homes lately. If there was such a thing as an affordable house, I could see people as being stupid for buying a $350,000 home. But, we live in an era where things are out of whack. People do not make enough to afford the basics.
I agree totally. People put faith in bankers. Bankers are just salesmen who want you to get into debt as much as possible. I read a report about the financial engineers that designed all of the MBSs. A person asked one of the financial engineers: “what happens when rates stop falling and people can’t refinance anymore”? The financial engineer said: “the whole thing will fall apart”. The boys on Wall Street knew this was going to happen. They designed it to fail. They made $ off of CDWs.
@tothatextent People resorted to credit because they make shit money. Banking institutions are the bane of the poor and stupid. If you bought house a 350,000-dollar house and made 10 dollars an hour you where pretty stupid and the bank or creditor who gave you the loan should be considered the criminal
The whole country is going to wind-up being like Detroit. It all starts with wages. The average worker in the U.S., without a college degree made $10/ hour in 1972. A house cost approx. $27,000. Now, the average worker without a college degree makes $11/ hour and an average house costs $350,000. In almost 40 years the wage went up $1. Yet, the price of a house went up almost 13 times! Do the math, it can’t be done. People resorted to credt because they make shit money.
George you are one of the best..
Back in the 80′s during the S&L crisis, Congress had an investigation on all the overbuilding and after viewing films of empty concrete slabs, members of Congress started calling them ‘martian landing pads’.
They need to start advertising in China.
So whats wrong with renting the homes? Than when the market improves the builders will most likely list them on MLS…Thanks to gold diggers like yourself that wanted to buy for a “quick flip” owners of real estate have to be creative to stay aflot! Jerk!
“it was a dream that abruptly ended.” LMAO
That’s Victorville, CA. aka the High Desert and these people are local high school grads. And the high desert has been a boom bust town since the 1990s when the same exact thing happened. Except this time people used sub-prime loans to buy homes for 300-400k in Victorville which is nonsense from the beg. since everyone knows there are no jobs in victorville and most people commute 1hr to work. Great job on spinning this.
lol
really useful and insightful
People who will not use their intelligence are no better than animals. Such people are beasts of burden and steaks on the table by choice and consent
Consequently, in the interest of future world order, peace, and tranquility, it was decided to privately wage a quiet war against the American public with an ultimate objective of permanently shifting the natural and social energy (wealth) of the undisciplined & irresponsible many into the hands of the self-disciplined, responsible, and worthy few
Sadly this just isn’t happening in SoCal. We’ve got the same thing going on here in exurban Minnesota. There is one super expensive development (1.4 million + homes) that is now RENTING out the houses!
And we live in what bubble?
Those homes that were advertising rents for $995 are going to attract all the section 8 people.
very funny.
LOL. Your videos are of the Pulp Fiction style where you start at the end and then explain the story of how you got there as I’m assuming this house your about to go into is the one from the first video…let’s see.
6152
wow… I’d love to rent a new house for under $1000/month. If only it weren’t a symptom of a much bigger problem.
Nice sky scape. Looks like a great place to go camping and exploring in the open field.
The Fed just sucks all the money out of the system. It’s gonna take years before we “rebound” and that’s only if the fed/government let’s us.
the economy is starting to get better. there is not going to be a collapse like you guys are predicting