FLORIDA HOUSING CRASH 50% OFF
“Youve got to be kidding me dude, its not fair”
DUDE where is my “equity”?
hahahahahahaha
Readers should understand that those prices were the “fair market value”. Nice to see people waking up to the bubble.
Duration : 0:2:28
[youtube 10WoQZKZkNs]
Purchased early? …
Purchased early? There is always a premium to pay to be the first to have. It’s your home it should be worth every penny you spent, to you.
“They promised me …
“They promised me they would no go below market value.” Oh, cry me a river, lady. The auction SHOWED them the market value, and two years, ten months later, they’re even CHEAPER now!!!
hahah “its not fair …
hahah “its not fair” man o man these homowners what were they thinking!! LOL, glad I believe in Austrian Economics
The sheeple are …
The sheeple are soooo stupid. There is truly a sucker born every minute.
These are probably worth 100K now – LMAO!
I wonder how much …
I wonder how much those cookie-cutter pieces of are worth NOW! Bwaaaaahahahaha!
This thing has the …
This thing has the makings of a good reality TV show. : )
World Factbook info …
World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
July 09 California #1 foreclosures at 108K
U.S. 360,000 for 1 month!
Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero
CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot
That is almost as …
That is almost as funny as “You got to be kidding me dude! That’s not fair” at 1:11
Gotta love the …
Gotta love the idiot blond trying to suggest that the “market value” is not being followed….
Life sucks. Get a …
Life sucks. Get a helmet.
“They promised us …
“They promised us that the value wouldn’t go under 300 thousand !” I say ; you are not fit to survive if you belive a real estate agent (or any salesperson for that matter
“You’ve got to be …
“You’ve got to be kidding me dude”
Classic!!!!! HAHAHAHAH!
You must be a …
You must be a realtor. No, it may not be equal, but housing shouldn’t cost 10 times more. That’s EXACTLY why we are in this situation. Average people in California don’t make that much more than people in Indiana. I hope this sol called “crisis” takes California, Illinois, and Noertheast back to 1970 prices.
Living in Indiana …
Living in Indiana is not equal to California.
These people that …
These people that paid $145k still overpaid. I’d say at most if they are 1,500 sq ft, the very most they’re worth 113k.
I still get a kick …
I still get a kick out of this video.
Real Value of a home = If a home you want in say California in a normal neighborhood costs $750,000, and that same home costs $250,000 in Indiana. The real value of the home in Cali is only $250,000.
If you pay “Market Value” for a home and it’s higher than “Real Value” you are “at risk” of losing the difference and that’s what’s happening in overpriced markets like CA, NY, IL, FL, etc.
The entire …
The entire appraisal system is a joke.
Me too. It’s clear …
Me too. It’s clear that EVERYONE who lives in that neighborhood was of one race.
Your right …
Your right it’s not worth it. Condos / Town-homes defeat the purpose of what an independent house is about (privacy) and you are changed HOA dues every month. Don’t pay and they legally reposses your condo. Condos are shit. Add up all your costs including HOA fees and chances are you are losing money. My grandma sold her house for a condo and now pays $550.00 per month in HOA/Condo fees. As far as I’m concerned that’s $6,600 loss per year. But of course Realtors will never tell you that.
The people that …
The people that aren’t happy about the decline are ignorant for paying too much. A condo/townhouse ain’t worth 100k and I don’t give a where it’s located.
That old man in video mad he paid 300k, shouldn’t have been so stupid to pay that.
lets go back to the …
lets go back to the way of the Indians
no ownership Free land, Free food from the land
no mortgage
they did it for over 10,000 years
weve only been doing it less than 250 years
Items, including …
Items, including houses, are worth what THE MARKET WILL PAY…a home is not worth some intrinsic value. its location, location, location, and when it was built and out of what. You overpaid, and now someone is paying less. Sw Florida is no great shakes anyway, but I guess the weather is good, minus the hurricanes, and the headed underwater because of searise. Are there any good jobs down there? Doubt it. 145k sounds about right., and not a penny more.
well,like the bible …
well,like the bible says,sodomites doom nations..and the Keys is sodomite infested,its perverted,vile,evil….florida now may you finally seek God and quit your perversions of sodomite living…
If you wanna see …
If you wanna see what happens after of few years of this; check out what Detroit looks like now. Burning next door foreclosed house to avoid another drop in their own equity; creating places no one want to live in.
In this case; people seems to be ready to do it without the home being empty; cause they are losing so much.
Let’s be honest; YOU (DID NOT) PAY TOO MUCH, you simply owe too much, LET IT GO.
The whole entire …
The whole entire state of Flordia isn’t even worth $100,000. They should burn it all down and start all over again. Also, if I wanted to move to Europe then I would have. Florida should lock itself out from the foreign trash that keeps on moving in year after year. Florida SUCKS!