What were experiencing right now is unprecedented. So stop listening to all the mis-information, false hope, and lies about the current real estate collapse.
The Fed Cut’s are nothing but FALSE HOPE!
i owe more than … i owe more than what my house is worth just had it remodeled raising the value 30 thousand but the remodel was donated now when i get it appraised the banks wont give me a refi or cash out because the market is bad and can only loan 85 percent and i said then what the did you appraise this thing at its curren tvalue when i argued it 30 thousand too much wtf my bad but now we homeowners being fucked
Buy a home, with 2 … Buy a home, with 2 basements in canada we got em. If your in ontario you will find it. Rent out the basements and you will be picking up your mortgage nicely.
Nice Vid. I … Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
watch this guy … watch this guy folks…hes never wrong…just go back and look at his other vids. you will find that his record is much better than anyone out there…if you dont pay attention then you may be sorry…
I could’ve told … I could’ve told anyone this before, it’s obvious. People just know if you watch Star Trek that’s the best society can get, if you want to make money exist even though it’s total fantasy and keep saying we owe taxes on land that is not really owned except in a lie then go ahead. As for me I see a better future and it starts with this country waking up :L
The Federal Reserve … The Federal Reserve, the real estate industry including realthores, builders, and homedebtors, investors, and bankers all deserve blame for this crisis and should be punished financially. Any yes please sell your house and start renting. This crisis as of April 2008 has just barely started. Next year we will look at today as the good times.
okay, I didn’t know … okay, I didn’t know you’re a vlogger/blogger… i’m kinda new on the Pers. Finance channels. i’ll check out your channel and reply.
I’m definitely … I’m definitely keeping Windsor Ontario in mind for buying a home. I found a large 4 bedroom house near the university for less than $125K. That would probably work well as a partial rental property for university students
I just uploaded Blog #10 on my channel talking about housing prices again (including Windsor Ontario this time). Give me your thoughts.
the auto industry … the auto industry is on both sides of the border in Detroit/Windsor. Also, the border guards are more strict so there are less people going to Windsor to “party” – there was a big club scene due to the 19 yr old drinking age. Now nobody wants to cross because it’s not worth crossing the border. Well, it’s okay crossing into Canada, but crossing back to the states is a hassle. It’s killing Windsor.
oh, i was referring … oh, i was referring to the comment immediately above, that there won’t be a house above 150k. I was just being a smart aleck anyway. Where i live (Detroit area) housing has been going down for 5 yrs, and we totally missed the great bubble. Sux for us…
Oh my goodness … Oh my goodness jchahine! I just checked out the mls listings there!! 47 pages of homes for sale just in the $100-$150K region! And some of them are incredible deals (although not nearly as rock-bottom as the ‘States).
Vision: if the avg … Vision: if the avg income in Cali is 55K and you mulitply 3X, then the avg home price will stabilize at 165K. But AVG means some will be lower, and some higher. You are taking the Avg and making it the ceiling in your advice to unreallogic. So she/he can take great confort to know they may only lose 1 million not 1.05 million!
Homes are going to … Homes are going to go for about 3X the average income. So for Los Angeles County where the average income is around 55,000, we will see the average home in LA county return to about 165,000. Right now its around 500,000, so we have a long way to go. We’ve barely scratched the surface when it comes to the housing collapse.
Thx for the comments.
All U.S. homes are … All U.S. homes are priced artificially by the reckless lending standards of 2002-2007. The no doc, zero down, not only sent prices through the roof, but built up a false demand for homes. As the U.S. returns to traditional financing, we will see homes go back to traditional prices. This will wipe out all of the gains during the boom years.
In my Canadian city … In my Canadian city, Regina, housing is through the roof. Houses that are for sale for $89K now in Florence Arizona would easily be sold for $400K in my winter-common city right now.
Are you saying that housing in the USA is actually going to go LOWER than current pricing?? I’m keeping my eyes peeled for sure.
No, the fed cuts … No, the fed cuts will only make the situation worse, much worse. Instead of a depression, were going to have a depression with hyper-inflation. It’s impossible to re-inflate the housing bubble, the fed can drop rates to ZERO. The wacked out loans are never coming back, it’s over. I’m sorry to tell you, but there won’t be a property in Rancho cucamonga over 150,000 when this crash hits bottom.
Thx, so will the … Thx, so will the fed cuts do anything? I purchased my home last year for 1.2 million and now my home is only valued at 600,000. I’m a Rancho Cucamonga California believer :{
What were experiencing right now is unprecedented. So stop listening to all the mis-information, false hope, and lies about the current real estate collapse.
February 8th, 2010 at 4:14 am
i owe more than …
i owe more than what my house is worth just had it remodeled raising the value 30 thousand but the remodel was donated now when i get it appraised the banks wont give me a refi or cash out because the market is bad and can only loan 85 percent and i said then what the did you appraise this thing at its curren tvalue when i argued it 30 thousand too much wtf my bad but now we homeowners being fucked
February 8th, 2010 at 4:14 am
Your videos have …
Your videos have vastly improved since this one! A lot fewer ums, uhs, eh, ahs,
Keep the great videos coming.
February 8th, 2010 at 4:14 am
Buy a home, with 2 …
Buy a home, with 2 basements in canada we got em. If your in ontario you will find it. Rent out the basements and you will be picking up your mortgage nicely.
February 8th, 2010 at 4:14 am
Nice Vid. I …
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
February 8th, 2010 at 4:14 am
funny video lets …
funny video lets chat
why cant i see the video u8
February 8th, 2010 at 4:14 am
watch this guy …
watch this guy folks…hes never wrong…just go back and look at his other vids. you will find that his record is much better than anyone out there…if you dont pay attention then you may be sorry…
February 8th, 2010 at 4:14 am
I could’ve told …
I could’ve told anyone this before, it’s obvious. People just know if you watch Star Trek that’s the best society can get, if you want to make money exist even though it’s total fantasy and keep saying we owe taxes on land that is not really owned except in a lie then go ahead. As for me I see a better future and it starts with this country waking up :L
February 8th, 2010 at 4:14 am
The Federal Reserve …
The Federal Reserve, the real estate industry including realthores, builders, and homedebtors, investors, and bankers all deserve blame for this crisis and should be punished financially. Any yes please sell your house and start renting. This crisis as of April 2008 has just barely started. Next year we will look at today as the good times.
February 8th, 2010 at 4:14 am
okay, I didn’t know …
okay, I didn’t know you’re a vlogger/blogger… i’m kinda new on the Pers. Finance channels. i’ll check out your channel and reply.
February 8th, 2010 at 4:14 am
I’m definitely …
I’m definitely keeping Windsor Ontario in mind for buying a home. I found a large 4 bedroom house near the university for less than $125K. That would probably work well as a partial rental property for university students
I just uploaded Blog #10 on my channel talking about housing prices again (including Windsor Ontario this time). Give me your thoughts.
February 8th, 2010 at 4:14 am
the auto industry …
the auto industry is on both sides of the border in Detroit/Windsor. Also, the border guards are more strict so there are less people going to Windsor to “party” – there was a big club scene due to the 19 yr old drinking age. Now nobody wants to cross because it’s not worth crossing the border. Well, it’s okay crossing into Canada, but crossing back to the states is a hassle. It’s killing Windsor.
February 8th, 2010 at 4:14 am
oh, i was referring …
oh, i was referring to the comment immediately above, that there won’t be a house above 150k. I was just being a smart aleck anyway. Where i live (Detroit area) housing has been going down for 5 yrs, and we totally missed the great bubble. Sux for us…
February 8th, 2010 at 4:14 am
JCHAHINE-Read my …
JCHAHINE-Read my comment again. I said Average home will be 165, not the top. Thx for the comments
February 8th, 2010 at 4:14 am
Oh my goodness …
Oh my goodness jchahine! I just checked out the mls listings there!! 47 pages of homes for sale just in the $100-$150K region! And some of them are incredible deals (although not nearly as rock-bottom as the ‘States).
February 8th, 2010 at 4:14 am
Ouch, really? I …
Ouch, really? I should check out the mls listings there. I think living in Windsor would be cool.
Western Canada has definitely gone crazy though (oil boom?).
February 8th, 2010 at 4:14 am
landongendur: …
landongendur: Windsor ONT housing is suffering like the US right now because they are along our border…
February 8th, 2010 at 4:14 am
Vision: if the avg …
Vision: if the avg income in Cali is 55K and you mulitply 3X, then the avg home price will stabilize at 165K. But AVG means some will be lower, and some higher. You are taking the Avg and making it the ceiling in your advice to unreallogic. So she/he can take great confort to know they may only lose 1 million not 1.05 million!
February 8th, 2010 at 4:14 am
I like that 3X …
I like that 3X total household income rule. Thanks for your insights.
February 8th, 2010 at 4:14 am
Homes are going to …
Homes are going to go for about 3X the average income. So for Los Angeles County where the average income is around 55,000, we will see the average home in LA county return to about 165,000. Right now its around 500,000, so we have a long way to go. We’ve barely scratched the surface when it comes to the housing collapse.
Thx for the comments.
February 8th, 2010 at 4:14 am
All U.S. homes are …
All U.S. homes are priced artificially by the reckless lending standards of 2002-2007. The no doc, zero down, not only sent prices through the roof, but built up a false demand for homes. As the U.S. returns to traditional financing, we will see homes go back to traditional prices. This will wipe out all of the gains during the boom years.
February 8th, 2010 at 4:14 am
In my Canadian city …
In my Canadian city, Regina, housing is through the roof. Houses that are for sale for $89K now in Florence Arizona would easily be sold for $400K in my winter-common city right now.
Are you saying that housing in the USA is actually going to go LOWER than current pricing?? I’m keeping my eyes peeled for sure.
February 8th, 2010 at 4:14 am
No, the fed cuts …
No, the fed cuts will only make the situation worse, much worse. Instead of a depression, were going to have a depression with hyper-inflation. It’s impossible to re-inflate the housing bubble, the fed can drop rates to ZERO. The wacked out loans are never coming back, it’s over. I’m sorry to tell you, but there won’t be a property in Rancho cucamonga over 150,000 when this crash hits bottom.
February 8th, 2010 at 4:14 am
Thx, so will the …
Thx, so will the fed cuts do anything? I purchased my home last year for 1.2 million and now my home is only valued at 600,000. I’m a Rancho Cucamonga California believer :{