@LetItFloat,
What … @LetItFloat,
What economic recovery are you talking about? Do you mean the temporary jobs created, like census jobs that will soon disappear? There is no recovery, people will continue to lose their jobs because there is currently no incentive to employ people. Due to this people will not spend money and what makes an economy work? Money!
@LetItFloat, oh yes … @LetItFloat, oh yes we in recovery, our economy is booming beyond recognition. I didn’t realize that high unemployment was equal to high economic growth. I think we laid the entire nation off so we can grow our economy even more. I guess the less you produce the more you have, what a concept.
Interest rates will … Interest rates will rise and inflation will shot way up. Fine times await. I just hope interest rates rise soon enough. The f*cking government and wall street and really put this country in a terrible bind. I’m so happy I’ve done the right things so I can suffer! This sucks a**
@mongobobo The … @mongobobo The dollar strengthening was irrational and because other countries needed some place to try and story wealth. The dollar is in decline, make no mistake about it. If you think the dollar is so great, then store all your wealth in dollars under your mattress. Then in 5-10 years see how much it buys.
@LetItFloat What … @LetItFloat What economic recovery? You mean the bogus jobless bull sh*t recovery the government is claiming. Please, we need to produce something as country, not borrow money to buy stuff from China. We need to reduce the size of the government and reduce taxes. The country is completely on the wrong track!!!! If you see some recovery then you need your vision checked. The only recovery has been for the rich and well connected on wall street.
Open the boarders … Open the boarders and allow unrestricted immigration illegal and legal the glut of overstocked houses will be used up. The banks must continue to make loans to undocumented
aliens and anyone breathing. This will stimulate the economy until the next bubble then we print another trillion. The circle of economic prosperity has been set print money unrestricted immigration. Oh forgot the huge # unemployed folks go some where else American banks and corporations do not want you makes them look bad.
Yep me too, I’m not … Yep me too, I’m not going to buy anything until 1012. I’ll wait until the dumb cash buyers run out of money then the real bargain will begin. In CA homes are still way too high.
It’s actually … It’s actually become more profitable to be a landlord than it was.
Rental rates are still only about 10% lower than 06. But housing prices are lower, and interest rates are lower.
So consider buying a duplex if you can afford it and rent out the other unit. That way you won’t need to rely on the price of your home and your renter will pay for your mortgage.
I think astute sophisticated investors in rental properties will probably start having huge success if they buy right now.
@LetItFloat 70% of … @LetItFloat 70% of mortgage resets result in people upsidedown on their houses meaning they will owe more than their house is worth and 90% of those upside down end up in foreclosure. People may buy them back but they won’t overpay for them. Unemployment has actually risen since 2008, despite the “job creation” that cost 300,000 per low end job.
I agree there are good bargains, if you look at foreclosures, but why not wait?
And although rates have lowered, loan standards have tightened.
In mid 2011 a very … In mid 2011 a very large portion of this crisis will be over, and we will be through the worst of it. In spite of increasing defaults the panic and mentality may be at it’s worse. THAT’s when you will find the best bargains. Once it stablizes people will calm down. In late 2011 they will stablize and 2012 a huge boom may take hold very fast as prices revert to where they should be. However, Obama’s actions delay the inevitable as foreclosures will take a year longer to process.
@anglitoestebancito … @anglitoestebancito peak oil is bullshit now, do some extra research, there are nearly a dozen of replacements some are not even publically disclosed but to be fair from an oil perspective canada has enough oil mounds to supply the world over one century at current population growth, energy is going to become more abundant in the future, the world is going to replace oil before it runs out of it once the oil tycoons give it up, check out freeglobal energyy Infinite energy mag tesla
u r assuming there … u r assuming there is a recovery. in reality the resession has not even started yet. and the there will be a depression thereafter for 10-15 years. props will go waaaay down across the board from now on.
California has a … California has a very high mortgage to rent ratio so it is expected to still come done in price in 2010 and 2011.
No doubt some properties are so low in price that they are unreliatic and these properties should be bought. I personally am still waiting till 2012 because seriously delinquent properties are still rising in number in 2010.
This analysis makes … This analysis makes sense but it does not include the economic recovery aspect. As far as home prices remaining stagnant seems credible, but it will never fall off the cliff like it did 07/08. There are good bargains to be had at the moment in FL,NV,AZ, and CA. Commercial home price may fall throughout 2010 summer, but will be offseted by the economic recovery. There are many who lost their homes as they lost jobs, those people are going to need homes to live in, so they will buy’em back
Hitting bottom in … Hitting bottom in 2010 isn;t the only thing that’s going to happen. You’re going to see riots in the streets, mass poverty, marches and possibly even armed rebellion against the state since the state backs up all the banks and large corporations that force us to become slaves to their money system only to starty scandals and leave everyone of us for dead. People are not just gona be like “oh, the dollar is down and buys 50% less and then move on about their life. There’s gonna be reprisal.
Remember what … Remember what happened with the Sub-prime fallout. The dollar shot up tremendously. Why would the second wave be any different? Unless of course you believe that the world will be decoupled from the US economy at that point.
Yes, interests … Yes, interests rates are going to go up. And do you know what that means? Prices will drop even further! Save your cash for a big downpayment, who cares what rates are if you get a low price.
I think you need to … I think you need to define what you mean by Capitalism. I understand it as a system where Capital is privately held. The means of production (labor) are controlled by the Capitalists in the ‘marketplace.’ So I’m guessing no one on this youtube page is a Capitalist, but more likely a member of the ‘laborforce.’ To be a Capitalist means you don’t work but rather you live off your Capital in the form of dividends and Capital gains. Americans often confuse Capitalism with Free Enterprise.
A Second wave of Adjustable loans will push Real Estate lower the middle of 2010 through the end of 2011.
April 24th, 2010 at 4:38 pm
@LetItFloat,
What …
@LetItFloat,
What economic recovery are you talking about? Do you mean the temporary jobs created, like census jobs that will soon disappear? There is no recovery, people will continue to lose their jobs because there is currently no incentive to employ people. Due to this people will not spend money and what makes an economy work? Money!
April 24th, 2010 at 4:38 pm
@LetItFloat, oh yes …
@LetItFloat, oh yes we in recovery, our economy is booming beyond recognition. I didn’t realize that high unemployment was equal to high economic growth. I think we laid the entire nation off so we can grow our economy even more. I guess the less you produce the more you have, what a concept.
April 24th, 2010 at 4:38 pm
Interest rates will …
Interest rates will rise and inflation will shot way up. Fine times await. I just hope interest rates rise soon enough. The f*cking government and wall street and really put this country in a terrible bind. I’m so happy I’ve done the right things so I can suffer! This sucks a**
April 24th, 2010 at 4:38 pm
@mongobobo The …
@mongobobo The dollar strengthening was irrational and because other countries needed some place to try and story wealth. The dollar is in decline, make no mistake about it. If you think the dollar is so great, then store all your wealth in dollars under your mattress. Then in 5-10 years see how much it buys.
April 24th, 2010 at 4:38 pm
@SIGN666 The scary …
@SIGN666 The scary thing about this comment is that is could be completely correct.
April 24th, 2010 at 4:38 pm
@LetItFloat What …
@LetItFloat What economic recovery? You mean the bogus jobless bull sh*t recovery the government is claiming. Please, we need to produce something as country, not borrow money to buy stuff from China. We need to reduce the size of the government and reduce taxes. The country is completely on the wrong track!!!! If you see some recovery then you need your vision checked. The only recovery has been for the rich and well connected on wall street.
April 24th, 2010 at 4:38 pm
Open the boarders …
Open the boarders and allow unrestricted immigration illegal and legal the glut of overstocked houses will be used up. The banks must continue to make loans to undocumented
aliens and anyone breathing. This will stimulate the economy until the next bubble then we print another trillion. The circle of economic prosperity has been set print money unrestricted immigration. Oh forgot the huge # unemployed folks go some where else American banks and corporations do not want you makes them look bad.
April 24th, 2010 at 4:38 pm
Yep me too, I’m not …
Yep me too, I’m not going to buy anything until 1012. I’ll wait until the dumb cash buyers run out of money then the real bargain will begin. In CA homes are still way too high.
April 24th, 2010 at 4:38 pm
It’s actually …
It’s actually become more profitable to be a landlord than it was.
Rental rates are still only about 10% lower than 06. But housing prices are lower, and interest rates are lower.
So consider buying a duplex if you can afford it and rent out the other unit. That way you won’t need to rely on the price of your home and your renter will pay for your mortgage.
I think astute sophisticated investors in rental properties will probably start having huge success if they buy right now.
April 24th, 2010 at 4:38 pm
@LetItFloat 70% of …
@LetItFloat 70% of mortgage resets result in people upsidedown on their houses meaning they will owe more than their house is worth and 90% of those upside down end up in foreclosure. People may buy them back but they won’t overpay for them. Unemployment has actually risen since 2008, despite the “job creation” that cost 300,000 per low end job.
I agree there are good bargains, if you look at foreclosures, but why not wait?
And although rates have lowered, loan standards have tightened.
April 24th, 2010 at 4:38 pm
In mid 2011 a very …
In mid 2011 a very large portion of this crisis will be over, and we will be through the worst of it. In spite of increasing defaults the panic and mentality may be at it’s worse. THAT’s when you will find the best bargains. Once it stablizes people will calm down. In late 2011 they will stablize and 2012 a huge boom may take hold very fast as prices revert to where they should be. However, Obama’s actions delay the inevitable as foreclosures will take a year longer to process.
April 24th, 2010 at 4:38 pm
@anglitoestebancito …
@anglitoestebancito peak oil is bullshit now, do some extra research, there are nearly a dozen of replacements some are not even publically disclosed but to be fair from an oil perspective canada has enough oil mounds to supply the world over one century at current population growth, energy is going to become more abundant in the future, the world is going to replace oil before it runs out of it once the oil tycoons give it up, check out freeglobal energyy Infinite energy mag tesla
April 24th, 2010 at 4:38 pm
Notice how the ” …
Notice how the “bottom” lines up perfectly with the end of the Mayan calendar? Buy a house boat.
April 24th, 2010 at 4:38 pm
u r assuming there …
u r assuming there is a recovery. in reality the resession has not even started yet. and the there will be a depression thereafter for 10-15 years. props will go waaaay down across the board from now on.
April 24th, 2010 at 4:38 pm
nah!! still gotta …
nah!! still gotta go down, especially since economic recovery still questionable and because energy resources are depleting fast.
Have you heard about PEAK OIL ? The suburbia as you know it is at the mercy of this phenomenon!
April 24th, 2010 at 4:38 pm
@LetItFloat In the …
@LetItFloat In the beginning of a torrent of liquidity, everyone mistakes inflation for economic recovery.
April 24th, 2010 at 4:38 pm
California has a …
California has a very high mortgage to rent ratio so it is expected to still come done in price in 2010 and 2011.
No doubt some properties are so low in price that they are unreliatic and these properties should be bought. I personally am still waiting till 2012 because seriously delinquent properties are still rising in number in 2010.
April 24th, 2010 at 4:38 pm
This analysis makes …
This analysis makes sense but it does not include the economic recovery aspect. As far as home prices remaining stagnant seems credible, but it will never fall off the cliff like it did 07/08. There are good bargains to be had at the moment in FL,NV,AZ, and CA. Commercial home price may fall throughout 2010 summer, but will be offseted by the economic recovery. There are many who lost their homes as they lost jobs, those people are going to need homes to live in, so they will buy’em back
April 24th, 2010 at 4:38 pm
They don’t show you …
They don’t show you this info on Fox News, CNN or MSNBC. Why because they are the cause of this collapse as well.
April 24th, 2010 at 4:38 pm
Nice info…thanks …
Nice info…thanks for sharing…you don’t see this stuff on MSNBC, CNN or FOX News. WHY
April 24th, 2010 at 4:38 pm
Hitting bottom in …
Hitting bottom in 2010 isn;t the only thing that’s going to happen. You’re going to see riots in the streets, mass poverty, marches and possibly even armed rebellion against the state since the state backs up all the banks and large corporations that force us to become slaves to their money system only to starty scandals and leave everyone of us for dead. People are not just gona be like “oh, the dollar is down and buys 50% less and then move on about their life. There’s gonna be reprisal.
April 24th, 2010 at 4:38 pm
Remember what …
Remember what happened with the Sub-prime fallout. The dollar shot up tremendously. Why would the second wave be any different? Unless of course you believe that the world will be decoupled from the US economy at that point.
April 24th, 2010 at 4:38 pm
Yes, interests …
Yes, interests rates are going to go up. And do you know what that means? Prices will drop even further! Save your cash for a big downpayment, who cares what rates are if you get a low price.
April 24th, 2010 at 4:38 pm
I think you need to …
I think you need to define what you mean by Capitalism. I understand it as a system where Capital is privately held. The means of production (labor) are controlled by the Capitalists in the ‘marketplace.’ So I’m guessing no one on this youtube page is a Capitalist, but more likely a member of the ‘laborforce.’ To be a Capitalist means you don’t work but rather you live off your Capital in the form of dividends and Capital gains. Americans often confuse Capitalism with Free Enterprise.
April 24th, 2010 at 4:38 pm
this is wrong – …
this is wrong – real estate is one of the very best inflation plays – much better than gold as many think.