Fakanga (September 19, 2008 at 2:35 am)

fake

snaxs2000 (August 15, 2008 at 2:36 pm)

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!

bauler (July 17, 2008 at 1:08 am)

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.

giemmeppi (July 3, 2008 at 3:55 am)

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...

YouMuseMe (June 15, 2008 at 1:28 pm)

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.

YouMuseMe (June 15, 2008 at 1:25 pm)

This guy would make a good sub for a 3rd grade class. Great props! ;-)

jci10 (June 8, 2008 at 7:11 pm)

Y2K prices? Are you nutz? Even THOSE prices are wayyy, wayyyy to high. We are possible looking at the greatest asset lost in human history. Nobody can afford even the real-estate taxes, let alone the mortgage. Game over.

ElCapitan1985 (April 6, 2008 at 4:44 pm)

dude, you crack me up everytime. very informative. keep em coming.

cityhustler617 (March 30, 2008 at 6:28 am)

Pricing property is tricky. In big cities the price of property is set by the rental income. I'm in Boston and property is price 10-12 times the yearly rental income. So for example a 4 bedroom condo near a college in Boston gets about $3000-$3400/month to sell it quickly it's about 10X the yearly income. Some usually price it at 11X or 12X the rental income if they're not motivated.

mongobobo (February 12, 2008 at 5:53 pm)

The question I have is how much is this housing inflation is caused by upgrading and how much by upgrading.lol I meant to type:The question I have is how much is this housing inflation is caused by upgrading and how much by 'new money.'