11
Sep
Real Estate Bubbles and California’s Economic Growth, Part 1
Author: admin // Category: real estate
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Duration : 0:9:38
Tags: banking, bubble, business;, California, career, college, Economics, housing, Humboldt, lecture, market, money, University
October 17th, 2008 at 10:51 pm
I don’t follow.
1 …
I don’t follow.
1. overpopulation’s everywhere.
2. The bubble(and this superficial economy) is caused by Banks, wall street, and the Republican majority giving the green light to them….in exchange for some of the money they siphon from the American people.
3. People are losing their homes everywhere.
October 17th, 2008 at 10:51 pm
Montgomery Alabama …
Montgomery Alabama is still a good investment for housing.
October 17th, 2008 at 10:51 pm
Regardless of the …
Regardless of the ups and downs in the market, trying to put quality in to a property is important.
October 17th, 2008 at 10:51 pm
Many smart folks …
Many smart folks have called it the ‘housing ATM’
October 17th, 2008 at 10:51 pm
Here in the Phoenix …
Here in the Phoenix area, real estate sales have had a sudden surge, granted prices have fallen sharply in the last few weeks. Listingsupply com indicates that MLS listings in the major US markets are finally starting to fall, which should mean price stability ahead. Let’s hope!
October 17th, 2008 at 10:51 pm
So, what’s that …
There are several inaccuracies here but none which devalue the general point of the video - illogical use of real estate solely as a speculative tool which always appreciates in value.
So, what’s that appreciation on a cardboard box in a Hooverville
There are many areas outside of these depressed markets which are pretty stable because they did not participate in the bubble. Most Bubbleville residents’ world tends to revolve around themselves.
October 17th, 2008 at 10:51 pm
Good presentation. …
Good presentation. But one clarification: Piet Eichholtz, a professor of real-estate finance at Maastricht University in the Netherlands, studied 450 years of price history on the Herengracht, or Gentlemen’s Canal. For my own forecast of prices in the UK, search “UK Property” on YouTube. You will see that Builder share prices are a good leading indicator.
October 17th, 2008 at 10:51 pm
Pretty good stuff …
Pretty good stuff but like most economists and commentators he fails to mention that the housing bubble is really a land price bubble not a house bubble. Houses/improvements to land do not appreciate but land value does. This is due to the fact that the improvements can be increased indefinitely while the supply of land is relatively fixed. When “housing” prices fall it is speculative land prices that fall. Modern economists refuse to treat land separately from capital. Why is that?
October 17th, 2008 at 10:51 pm
I LOVE THIS …
I LOVE THIS VIDEO.ARTHUR ROBINSON
October 17th, 2008 at 10:51 pm
I LOVE IT LOVE IT! …
I LOVE IT LOVE IT! Love to see Californias lose there homes! GO HOME get out of Nevada! You have done nothing but drive up living coast and destroy the landscape!
October 17th, 2008 at 10:51 pm
It turns out that …
It turns out that we really did not need all those Mexican construction workers after all . . .
October 17th, 2008 at 10:51 pm
Excellent …
Excellent presentation. I’m a Californian resident who recently graduated college. I have been looking for a full time IT job since December 2006. This video is spot on! I believe no one takes this drop in the California real estate “bubble burst” than fresh college graduates. Entry level information technology job offers are almost non-existent here in Sonoma County. Real estate prices are still plummeting. Foreclosures are at new record highs. Mortgage interest rate are sky rocketing.
October 17th, 2008 at 10:51 pm
Exceleron2222 …
Exceleron2222 don’t lie to people, i click on your HomeValueStore !Dot!Com@ . it was . don’t lie here pls.
October 17th, 2008 at 10:51 pm
You and You drive …
You and You drive up this economy. You don’t buy it, it will be worthless. You want it bad, it will be priceless.
October 17th, 2008 at 10:51 pm
hummmm!
hummmm!
October 17th, 2008 at 10:51 pm
Economics is a …
Economics is a superficial distraction. Why must we build more houses all the time? Why must the population grow indefinitely and create demand for said houses? Those are the real questions people should ask. Economics exists in a vacuum with no physical limits.
October 17th, 2008 at 10:51 pm
it’s a lecture from …
it’s a lecture from a university?
you saw the bubble in the subprime loans
October 17th, 2008 at 10:51 pm
tss he mentioned my …
interesting stuff though
tss he mentioned my real estate fin prof, shame he is a prof in maastricht the netherlands not maastricht denmark
October 17th, 2008 at 10:51 pm
screw california’s …
screw california’s economic growth, economic growth is what causes housing inflation and inflation is what causes homelessness and poverty
October 17th, 2008 at 10:51 pm
This is exactly …
This is exactly what I have been predicting! How can a 3 bed 2 bath home in So. Cal that was worth $250,000 in 1996 be worth $900,000 in 2006?? It just doesnt add up! There has to be a major correction with a family of young professionals making well over $100,000 a year can’t afford to buy a home within 40 miles of thier job due to inflated home prices!!
October 17th, 2008 at 10:51 pm
interesting
interesting
October 17th, 2008 at 10:51 pm
down 20% next year.
down 20% next year.
October 17th, 2008 at 10:51 pm
reali-whore shill. …
reali-whore shill. So far = not anymore
October 17th, 2008 at 10:51 pm
anybody that …
anybody that decides to buy property now is a fool real estae in america will decline a min of 20% this year , even more in certain areas , real estate went up 20% a year for the last 5 years it could very easliy go down 20% a years for the next 5 years , dont listen to real estate agents telling you its a great time to buy, thats bull shi t ,, realtors are liars , dont trust them .. dont buy wait and save big money ,
October 17th, 2008 at 10:51 pm
Del Mar California …
Del Mar California Baby! Ocean Front!