Spot on George, Great Video. Two Markets regular folks market and forecloser market. Both markets you will be traped in property Tax. Its a Head shaker alright.
House is to lay your head not a million bucks! Greed must be controlled. Take a look on what greed did to us! In other countries like in Palestine, they pay with blood, tears and bombs just to have a right to have a land to live in while us here in America we juggle it like its nothing for us. We should be grateful for we have a house to live in. Its sickening to see “For Sale” and “For Rent” signs sprawling up across the neighborhood.
Buying Detriot real-estate? Why? Who are you going to rent to? Drug addicts and bums? What good is a $10,000 house rented to people that can’t pay you? In addition you need to maintain that house and like George said the taxes are too high in Detriot.
@ShakeitUp09 Are you out your mind…. TX, GA, and NC grew like crazy and their home values BARELY went up.. THERE MUST HAVE BEEN A SUPPLY gap in FL that caused the massive foreclosures in Orlando, Miami, Boca Raton, Fort Myers, etc….
I saw a chinese couple the other day perusing my neighborhood looking for a house to buy. They slowed down at my next door neighbors house. I didn’t like it. I am not at all in favor of a half of billion new Chinese neighbors.
Awesome video as always. Max Keiser, Gerald Celente, Dr. Paul Craig Roberts, Webster Tarpley, Ron Paul, Alex Jones and on and on… how many experts does it take for America to wake up?
You are an idiot. They might be Americans of asian descent. How do you know if they were Chinese in the first place? Did you speak to them in mandarin?
What you’re saying is true for California and other ex-bubble parts of the US, but not for the heartland where there was never a bubble and they make real things to sell to the world.
Here’s the big picture: As Asia (which is 60% of the world’s population) industrializes, the terms of trade between commodities and manufactured goods will benefit commodities. Also, as the US has hit a debt wall, they will no longer be able to blow a series of speculative debt-fuelled bubbles.
After the US crashes, you will see the heartland rise, fuelled by exports of food, increased energy production (not just Baken oil but also wind energy, biofuels & solar in the South), and non-automotive manufacturing, espeiclaly exports of specialized capital equipment to Asia.
When I left California the housing prices were so inflated that even trailers, 12 X 72 were selling for over 40K and they weren’t brand new! As I checked back from time to time double wide mobile homes (older models) asking price was over 150K ! That’s insane. What was driving the market? Good jobs, more jobs, really good paying jobs? No, what was driving the market were people buying real estate to make a million dollars flipping them to the next sucker.
Spot on George, Great Video. Two Markets regular folks market and forecloser market. Both markets you will be traped in property Tax. Its a Head shaker alright.
House is to lay your head not a million bucks! Greed must be controlled. Take a look on what greed did to us! In other countries like in Palestine, they pay with blood, tears and bombs just to have a right to have a land to live in while us here in America we juggle it like its nothing for us. We should be grateful for we have a house to live in. Its sickening to see “For Sale” and “For Rent” signs sprawling up across the neighborhood.
NICE BACKGROUND! AND DO IT AT YOUR ON RISK
And still no major US Austerity measures.
Will China be Buying Real Estate ? here ?
It is a leveraged investment and why grind payments? It isn’t noble to starve yourself to make payments.
Buying Detriot real-estate? Why? Who are you going to rent to? Drug addicts and bums? What good is a $10,000 house rented to people that can’t pay you? In addition you need to maintain that house and like George said the taxes are too high in Detriot.
@ShakeitUp09 Are you out your mind…. TX, GA, and NC grew like crazy and their home values BARELY went up.. THERE MUST HAVE BEEN A SUPPLY gap in FL that caused the massive foreclosures in Orlando, Miami, Boca Raton, Fort Myers, etc….
good job
I saw a chinese couple the other day perusing my neighborhood looking for a house to buy. They slowed down at my next door neighbors house. I didn’t like it. I am not at all in favor of a half of billion new Chinese neighbors.
@neanam Ok why do you have that specific date for a quake?
Upscale graphics…. nice!!!!
Basically.. the rise in home prices in many areas in CA.. were related to the tax credits I believe.. right??
Awesome video as always. Max Keiser, Gerald Celente, Dr. Paul Craig Roberts, Webster Tarpley, Ron Paul, Alex Jones and on and on… how many experts does it take for America to wake up?
@shumanitutonkaowachi
You are an idiot. They might be Americans of asian descent. How do you know if they were Chinese in the first place? Did you speak to them in mandarin?
@eatandtravel The Chinese might take better care of a house than many Americans. And Asians are generally quieter than most Americans.
George, that was one of your best videos
What you’re saying is true for California and other ex-bubble parts of the US, but not for the heartland where there was never a bubble and they make real things to sell to the world.
Here’s the big picture: As Asia (which is 60% of the world’s population) industrializes, the terms of trade between commodities and manufactured goods will benefit commodities. Also, as the US has hit a debt wall, they will no longer be able to blow a series of speculative debt-fuelled bubbles.
To be cont.
Part 2:
After the US crashes, you will see the heartland rise, fuelled by exports of food, increased energy production (not just Baken oil but also wind energy, biofuels & solar in the South), and non-automotive manufacturing, espeiclaly exports of specialized capital equipment to Asia.
When I left California the housing prices were so inflated that even trailers, 12 X 72 were selling for over 40K and they weren’t brand new! As I checked back from time to time double wide mobile homes (older models) asking price was over 150K ! That’s insane. What was driving the market? Good jobs, more jobs, really good paying jobs? No, what was driving the market were people buying real estate to make a million dollars flipping them to the next sucker.
destruction of the middle class
@JimCramer Uh, if you want credibility you really need to get a new username….”dude”
Stay on top of it George.
@eatandtravel . Your quick to judge. I didn’t know who they were, thats why I didn’t do anything.
House is to lay your head, not to make a million bucks is the truth and the clearest nugget of this vid.