Special Housing Depression update with George4title and VisionVictory.
Part 2 will be posted on Friday April 10th at youtube.com/george4title
Part 3 will be posted on Sunday April 12th on the VisionVictory Channel
TBA Part 4 & 5
Duration : 0:6:47
Housing Depression: The Truth Behind the Statistics Part 1/5
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October 5th, 2009 at 4:38 am
The problem is not …
The problem is not the government. It is also not Wall Street. One simple reason why the housing crisis happened – K waves. The housing market is a long trend, approx. 80 years. Everyone knows that the stock market crashed in 1929. What most people do not realize is that the housing market crashed as well. Housing was down for 17 years after 1929. It will probably do the same thing again – it is the nature of capitalism.
October 5th, 2009 at 4:38 am
Do you have the …
Do you have the balls to go DIRECT to your congresspersons office and OBJECT to this govts corruption? Why? =- they havent stole any money from your pay check lately! Not that aroused you..
October 5th, 2009 at 4:38 am
If you really think …
If you really think our govt is not the vandeles here, thhink again!. I was in Real Estate over 30 years and NEVER saw people who lost their homes do this!.. NEVER.. This corrupt govt is the cullprit along with their contributors.! This is a junk for clunkers program!! Destroy a house, re-build and put the rebuild as a ndew home construction real estate BOOM!! Govt Stats!
October 5th, 2009 at 4:38 am
Everybody is saying …
Everybody is saying that economic collapse is happening but where is it. I see no starving people or homeless, everybody is driving and shopping just like before.
October 5th, 2009 at 4:38 am
i feel sorry for …
i feel sorry for the neighbors of those homes that were foreclosed and vandalized. you know their property values went down too. looks like a wasteland.
October 5th, 2009 at 4:38 am
what a waste , end …
what a waste , end of america and western systems is jusr around the corner. we can only blame ourselves for this, letting these in power run our lives.
October 5th, 2009 at 4:38 am
Oh yes, I agree …
Oh yes, I agree with that and I believe there will be an economic collapse soon.
October 5th, 2009 at 4:38 am
drewd1987: Fair …
drewd1987: Fair enough, I stand corrected. But whether the videos are faked or not, it is still the case that these things are happening on an unprecedented scale.
October 5th, 2009 at 4:38 am
Pretty low class …
Pretty low class stuff honestly.
October 5th, 2009 at 4:38 am
Dude, look into …
Dude, look into george4title, He’s already been PROVEN to be nothing but a scammer.
October 5th, 2009 at 4:38 am
It didn’t look like …
It didn’t look like a screwdriver to me. But whether there was drug use or not doesn’t take away from what they’re trying to show.
October 5th, 2009 at 4:38 am
Maybe the barking …
Maybe the barking dogs drove the inhabitants nuts.
October 5th, 2009 at 4:38 am
Gads man, those …
Gads man, those poor banksters. Kind of bringing a tear to my eye, you know what I mean?
But I guess you are right. If the homeowner decides to go on a renovating binge the night before foreclosure, well then, they should at least spring for some Champagne.
October 5th, 2009 at 4:38 am
I’ve work w/ …
I’ve work w/contractors & if it is banked owned the banks want to sell, it so they don’t let the contractors back in. The same thing occurs when there is a bankruptcy. In many states most liens are only good for a few months. Within that time the contractor has to litigate — talk about throwing good money after bad. These homes are in the twilight zone — poorly built, too expensive and bank owned.
October 5th, 2009 at 4:38 am
using drugs? It was …
using drugs? It was a screw driver. You guys are FRAUDS.
October 5th, 2009 at 4:38 am
ok you guys, i got …
ok you guys, i got news for you. the real estate market is doing good where there is a real economy and public transportation and safety ect. there are places around the country where the real estate market is doing ok.
October 5th, 2009 at 4:38 am
if everybodys out …
if everybodys out of work and everybody loses there job ,nobodys going to be able to make house payments.the banks will own all the houses but all of them will be empty and stripped. and the banks will say we need another bail out obama
October 5th, 2009 at 4:38 am
This house looks …
This house looks like it was lived in at one time. Sorry I dont buy that a contractor would waste paint and take only easily sold recycleable metals. Form now on they need to limit homeownership to hose who can put at least 20 to 30% down. All others need to rent. I paid 50% down on my house 20 years ago. Paid it off in Five. Many people are not responsible enough to own a home.
October 5th, 2009 at 4:38 am
With all due …
With all due respect. I’m familiar with this field. Contractors have to pay a fee to file a lien. They don’t throw good money after bad.
I know contractors personally who have “recalled” their equipment in extreme cases…everything from light fixtures to furnaces and air conditioners, molding, you name it and it’s not illegal. Technically i t belongs to the contractor until paid. Some items aren’t retrievable such as drywall, paint, etc. Frustration may result and yes, this stuff happens.
October 5th, 2009 at 4:38 am
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I warned you my …
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I warned you my fellow Christians, THE END IS COMING! Depart now from all form of unrighteousness such as fornication, homosexuality, pornography, watching violent entertainment, drug abuse, smoking, gambling, cursing, bullying, revelries, pursuit of money and idolatry etc. LEST YOU BE FOUND NOT WORTHY TO ENTER THE KINGDOM OF GOD.
A volcano situated in the US will erupt not far from now, when this happen you will know that this warning is from God.
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October 5th, 2009 at 4:38 am
And another thing …
And another thing now that you got me all fired up. Did’nt YOU read the contract? Lenders ca’nt prosecute if your implying criminal charges. They can access the damages and file a judgement. Regardless, these damages are nothing compared to the economic damages and hardships they have caused. Greedy little #### are lucky the roof is still entact.
October 5th, 2009 at 4:38 am
Along with …
Along with modifications. How are you suppose to modify $300,000 when you only qualified for $70,000. Brokers got paid high commisions for Option Arm loans. It’s been proven on other U-tube videos that the lenders lied on applications to sell homes. Now after the trusting families savings is gone after trying to keep up with contract payments. The contract calls them a liar. And the homeowner has no copy of the application. Again, lender are lucky to suffer only a few can of paint.
October 5th, 2009 at 4:38 am
Predatory lending …
Predatory lending is being placed in a loan you had no financial means of ever paying back. A fiduciary obligation from the broker, underwriter, and lender is to ensure you qualify. Yes, no one is forced to sign. But by your comment, your stating you can’t sue for anything. Doctor for malpractice. Auto mechanic or contractor for poor workmanship, All businesses have a fiduciary obligation in order to hold a license. I don’t blame these people for lashing out if this happen to them.
October 5th, 2009 at 4:38 am
I dont think anyone …
I dont think anyone twisted their arm or held a gun to their head to sign on the dotted line
October 5th, 2009 at 4:38 am
Ive seen it happen …
Ive seen it happen on homes several years old. NOT contractors, they can be prosecuted. The contractor will or should have a mechanics lein just for that reason (not getting paid)