If you have a look … If you have a look at the japanese real estate bubble, it has been deflating for 16 years. the prices now are starting to level off, but back then prices of housing was bid up to the point that the mortgages spanned generations into the future. i think this guy is right on. the japs have been experiencing what he is talkng about. if you dont believe what he is saying take a trip to japan and ask around.
Yeah, they’ll give … Yeah, they’ll give ya loan modification, only with insane closing costs that stretch your loan out to its max again. and you can pay and pay and pay , meanwhile your home depreciates more and more and more till 2015 and all your money is wasted. Hand the bank your keys and tell them good luck with your new home
what do you mean, … what do you mean, eat his words? He was right on the money. This thing did not happen overnight. The air is still being let out as we speak, even with LOWER interest rates!
heh.. um, maybe … heh.. um, maybe they haven’t popped, but the deflation is at the rate of letting the balloon go and its air out.. causing it to make a big sound while whizzing around the room flinging spit(from when you blew it up) back onto your own face. i think/hope australia is in for a normal steady deflation
this is an old … this is an old video. We can officially say that the bubble DID pop. When Cali looses 28% value in 12 months, and there are 1300 foreclosures a day, you know this sucker imploded. POP!
Very good … Very good explanation of a specutive bubble. Remember it works both ways. Everyone now thinks it will never stop going down. Just like everyone thought it would never stop rising. A few years it will start all over again. Short oil now, you’ll make a fortune.
Rome Italy here. … Rome Italy here. Prices are down about 15% since last year, but still they approach 25 years of incomes!!! At top of bubble, they were 30 years… In the US you are pretty lucky…
I noticed that some … I noticed that some people have moved into my neighborhood in the last year – snapping up houses that were at roughly 2001 values. They thought it was a wise move. IMHO that was a mistake, because they wanted to get in before someone else did. The trend is still going down, and I wonder how they feel now.
Blurb about speculative bubbles
October 25th, 2009 at 8:02 pm
The best analysis …
The best analysis being done is from the OTCSP site.. get their newsletter at authoropen . com
October 25th, 2009 at 8:02 pm
Actually pre-1997 …
Actually pre-1997 prices.
October 25th, 2009 at 8:02 pm
Spot on!
Greetings!
Spot on!
Greetings!
October 25th, 2009 at 8:02 pm
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing. yuuyku
October 25th, 2009 at 8:02 pm
I bet this guy …
I bet this guy feels stupid now
October 25th, 2009 at 8:02 pm
Very creative- ty …
Very creative- ty for your efforts
October 25th, 2009 at 8:02 pm
Sound bout right to …
Sound bout right to me
October 25th, 2009 at 8:02 pm
If you have a look …
If you have a look at the japanese real estate bubble, it has been deflating for 16 years. the prices now are starting to level off, but back then prices of housing was bid up to the point that the mortgages spanned generations into the future. i think this guy is right on. the japs have been experiencing what he is talkng about. if you dont believe what he is saying take a trip to japan and ask around.
October 25th, 2009 at 8:02 pm
lol, n00b! Took …
lol, n00b! Took about 6-12 months (2008) and the bubble popped!
October 25th, 2009 at 8:02 pm
LOL! Great video!
LOL! Great video!
October 25th, 2009 at 8:02 pm
Yeah, they’ll give …
Yeah, they’ll give ya loan modification, only with insane closing costs that stretch your loan out to its max again. and you can pay and pay and pay , meanwhile your home depreciates more and more and more till 2015 and all your money is wasted. Hand the bank your keys and tell them good luck with your new home
October 25th, 2009 at 8:02 pm
YUP!!!!
YUP!!!!
October 25th, 2009 at 8:02 pm
what do you mean, …
what do you mean, eat his words? He was right on the money. This thing did not happen overnight. The air is still being let out as we speak, even with LOWER interest rates!
October 25th, 2009 at 8:02 pm
Boy are you eating …
Boy are you eating your words now
October 25th, 2009 at 8:02 pm
Like it, good …
Like it, good explaination
October 25th, 2009 at 8:02 pm
yep, ready for that …
yep, ready for that loan modification now … the banks are ready to talk they are starting to humble themselves …
October 25th, 2009 at 8:02 pm
this video got my …
this video got my pusssssyyyy wweeeettttt!!! c me on cam! P
October 25th, 2009 at 8:02 pm
heh.. um, maybe …
heh.. um, maybe they haven’t popped, but the deflation is at the rate of letting the balloon go and its air out.. causing it to make a big sound while whizzing around the room flinging spit(from when you blew it up) back onto your own face. i think/hope australia is in for a normal steady deflation
October 25th, 2009 at 8:02 pm
Turns out they do …
Turns out they do pop you f*cking idiot.
October 25th, 2009 at 8:02 pm
fake
fake
October 25th, 2009 at 8:02 pm
this is an old …
this is an old video. We can officially say that the bubble DID pop. When Cali looses 28% value in 12 months, and there are 1300 foreclosures a day, you know this sucker imploded. POP!
October 25th, 2009 at 8:02 pm
Very good …
Very good explanation of a specutive bubble. Remember it works both ways. Everyone now thinks it will never stop going down. Just like everyone thought it would never stop rising. A few years it will start all over again. Short oil now, you’ll make a fortune.
October 25th, 2009 at 8:02 pm
Rome Italy here. …
Rome Italy here. Prices are down about 15% since last year, but still they approach 25 years of incomes!!! At top of bubble, they were 30 years… In the US you are pretty lucky…
October 25th, 2009 at 8:02 pm
I noticed that some …
I noticed that some people have moved into my neighborhood in the last year – snapping up houses that were at roughly 2001 values. They thought it was a wise move. IMHO that was a mistake, because they wanted to get in before someone else did. The trend is still going down, and I wonder how they feel now.
October 25th, 2009 at 8:02 pm
This guy would make …
This guy would make a good sub for a 3rd grade class. Great props!