Comments on: The Coming U.S. Real Estate Crash

By: Erica

Erica — Tue, 24 Aug 2010 00:35:21 +0000

Home prices are still yoo high. Look at California. How unrealistic is it to pay 600K and up for a 2-3 bedroom home. Ridiculous. Home prices are still too high and will eventually come down. Wait to buy.

By: Anthony

Anthony — Mon, 26 Jul 2010 18:52:53 +0000

Hahaha the author says that fallng home prices are a problem, yet at the same time home prices are too high!

By: Lillian

Lillian — Mon, 26 Jul 2010 07:52:51 +0000

The cost of necessities (housing, insurance, medical) has been wiping out the Middle Class for some time now. The past 30 years to be exact as far as the cost of housing and the rise of the homeless population in this country.

http://lillianabel.blogspot.com

By: Vineyard

Vineyard — Sun, 25 Jul 2010 02:22:30 +0000

Peter Schiff and other well-respected financial prognosticators have been predicting this crash for most of this decade. How could anyone have missed what was about to happen? Very large “No documentation, no down payment” loans, skyrocketing housing prices to meet the skyrocketing demand for housing, people earning minimum wage “buying” houses they could not afford. . . this was a recipe for disaster. It had to come to an end just as soon as the mortgage payments on the so-called “liar loans” started to rise as the ARM interest rates adjusted upwards.

By: Larry

Larry — Sun, 11 Jul 2010 09:29:06 +0000

Total economic collapse is coming.

By: Charlie Brown

Charlie Brown — Wed, 30 Jun 2010 00:33:22 +0000

I’ve been trying to explain what is happening and will happen to the USA since many years now. Please take a look to this web site related to this subject, you will be amazed!
It’s been no surprise to me at all what is happening to us since the start of this decade, nor what is following. You will agree with me after you look into these 11 pages full of interesting information. Click the link to the web site. God bless you.

By: Rene

Rene — Mon, 28 Jun 2010 09:34:31 +0000

Look folks, let’s stop kidding ourselves. The sky IS falling and will only accelerate in the next two years. Im not hanging around here anymore.
That’s why I’m already planning my Escape from America sometime next year.

By: Joe in JT

Joe in JT — Mon, 28 Jun 2010 00:17:27 +0000

Just because the dope John replied first about housing prices in Las Vegas, why do 50% of you bloggers think you owe him a response.

Illuminatti and the super rich notice your predictive behavoir and will use it against you to benefit them. Don’t be a sheeple.

By: Joe in JT

Joe in JT — Mon, 28 Jun 2010 00:05:51 +0000

JOHN2

What an absolutely amazing story by John2 !!
Here’s a guy and his wife having 800 Fico scores, 40K down payment, and those greedy bastard banksters turned him down on a loan! Incredable.

Hey W Bush, what about the trillion dollar bailout to banksters that was suppose to go to main street Americans like John2 and his wife. The whole Bush/Cheney/Paulson crowd should be thrown in jail

By: Joe in JT

Joe in JT — Sun, 27 Jun 2010 23:54:08 +0000

I once just watched as a neighbor had his house built right in front of me. As each contractor came in I just kept adding and adding to what I thought the cost would be. Labor, materials, roofing and so on. I came up with 70K as to what it should cost to build. To my amazement the price on the house was 234K. This never made sense to me. The sucker in all this is tale end Charlie, the buyer. The buyer is just happy to get his stupid loan from the bank. He doesn’t consider what the house is really worth.

From the begining of the boom(around the year 2002) I
never understood how a person would pay so much for a house that is so cheap.

By: Steve

Steve — Sun, 27 Jun 2010 23:32:09 +0000

Lower new housing starts is not a good indicator because you can get a pretty nice new house for so must less. In my neighborhood, there is significant renovations being made. Much better than selling in this nasty economy.

By: Mithan

Mithan — Sun, 27 Jun 2010 21:48:21 +0000

You guys are far far too pessimistic.

Home Prices falling are a GOOD thing in the long run. Nothing better could have happened actually.

This will enable people to once again purchase homes that are in-line with their income, meaning they will have extra money to spend on other things, that will boost economic activity.

Instead of blowing 50% of your income on some retarded house, you will spend 20% or so, over a far shorter period of time.

Right now, all the “doom and gloom” is about keeping the f***ing banks balance sheets alive, nothing else.

By: Brian

Brian — Fri, 25 Jun 2010 05:29:38 +0000

If you are Dumb enough to live in a fantasy oasis like las vegas.were water is dammed and pumped there for the proffit of the all mighty dollar,you are all NOOBS!.Dont be a stupid moron,live in area that is not heavy populated,has natural running water year round and plenty of game to hunt. If folks are really that dummb not to pay attention to whats going on in this country,them maybe vegas is where you belong LOL

By: brian

brian — Fri, 25 Jun 2010 05:17:29 +0000

John,
You are full of BS……

By: Sam

Sam — Fri, 25 Jun 2010 03:32:15 +0000

The prices will go down because most houses in the US are built with the cheapest material available. Just stand next to a construction site and see the toothpick framing on these so called luxury homes.

By: WestCoast

WestCoast — Fri, 25 Jun 2010 02:22:08 +0000

Fishermen are relocating to West Coast, So are the Gulf Residents. Mass Exodus from the gulf?

By: Scott

Scott — Fri, 25 Jun 2010 01:45:23 +0000

@John

Maybe you should read the previous article from this website about Las Vegas. It is in a death spiral that is compared to Detroit!

Unemployment rates for the state of Nevada and for the city of Las Vegas both seThere are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning. In recent decades, Las Vegas has become a symbol for the over-the-top affluence and decadence of America. But now it is a microcosm of the economic nightmare that has gripped the entire nation. When the subprime mortgage crisis stuck, no major U.S. city was more devastated than Las Vegas.

Unemployment rates for the state of Nevada and for the city of Las Vegas both set new records during the month of April. In Las Vegas the unemployment rate in April was 14.2%. For the entire state the unemployment rate was 13.7%.

full article: http://theeconomiccollapseblog.com/archives/the-death-of-las-vegas

By: Reckdum

Reckdum — Fri, 25 Jun 2010 01:01:18 +0000

New home inventories may be low, but overall home inventories are extremely high, highest they have ever been. There has never been a glut of homes on the market like there is now. As for home prices rising in Las Vegas…I find that hard to believe with Las Vegas registering some of the worst unemployment in the country!

By: Truth

Truth — Fri, 25 Jun 2010 00:36:57 +0000

You wish. The sky is falling. Get with reality. It is OVER for the good old U.S.A. The pollutants alone from the BP distaster will kill our food supply. And all you can think about is the house of cards real estate market. Grow a brain.

By: john m sandoval

john m sandoval — Fri, 25 Jun 2010 00:29:44 +0000

I know a man whose mortgage payments are $2,230 a month – he owes $24,000 in back payments.
He owes six months of payments and he is still living in the property.
He told the Bank of America to reposess the property but BA refuses to reposess the property.
Strange – isn’t it.