Real Estate Bubbles and California’s Economic Growth, Part 3

25 Responses to “Real Estate Bubbles and California’s Economic Growth, Part 3”

1. therock2020 on December 22nd, 2009 5:56 pm

   buy buy buy

2. uricehe4 on December 22nd, 2009 5:56 pm

   Uh, WRONG, it’ll take a while, but this thing’s eventually gonna have an ENORMOUS impact on the entire world economy, and no place more than Cali. you realize the number of jobs in the RE industry quadrupled in the last decade-most of those people will lose their lifeline. The borrowed money which financed America’s lifestyle the last 6 years–GONE. 08’s gonna be a terrible year economically b/c of this.

3. bottleovodka on December 22nd, 2009 5:56 pm

   I think he was just being nice at the end. He’s knows it’s much worse than he’s saying.

4. veggiedoc on December 22nd, 2009 5:56 pm

   what a great speaker!

5. keesrijnja on December 22nd, 2009 5:56 pm

   Thank very much you for posting this teaching.
   I felt like being in the classroom of a very gifted teacher. Compliments.

   A great application of economic science on an actual situation like the present housing bubble and the build up. The lecture includes some humble (and highly appreciated, by me that is) remarks about the limitations of the economic science (of what this science is capable of and what it cannot do).

   I loved attending this class.

6. therock2020 on December 22nd, 2009 5:56 pm

   when it starts rize

7. Edo111567 on December 22nd, 2009 5:56 pm

   Not yet.

8. guslingus on December 22nd, 2009 5:56 pm

   Spell….. SARCASM ……
   My Comment was to say that everyone will feel the results of this
   rise of the Mc Mansion on an average wage.

   Sitting on a house or flicking homes may make heaps of paper wealth
   but in the end all products must be payed for with WORK…
   That thing where you actually create something at the end of the day..
   Like the chinese do…

   Im in OZ and we are riding a Chinese minerals wave with USA creating
   the swell……… Yi haaaaa… I can see the beach from here……..

9. getl0st on December 22nd, 2009 5:56 pm

   And the end game is to get everyone on the planet chipped with an RFID chip

10. Sentinel4truth on December 22nd, 2009 5:56 pm

    Excellent speaker, great video! I just wish I had an inspiring teacher like this when I was in college (even though he was a guest speaker).

11. drycanyon on December 22nd, 2009 5:56 pm

    Wow, this was from November 2006.

12. FARTYPANTS30 on December 22nd, 2009 5:56 pm

    I believe the housing slump is far from over. The employment scene in the North Bay area is not cool at all. Thank God I live with my mom. I would have to move out of California if I were forced to find an apartment due to crazy prices (still) and the shortage of apartment housing. I hope real estate prices bounce back soon for some sign of positive growth. I’m a fresh college IT graduate was has been unemployed since January 2008 and I really need a job… Now it’s find full time work or bust.

13. noraklagrangian on December 22nd, 2009 5:56 pm

    The Doc says real estate crashes take about 2-3 years to drop to real levels, but it may take longer than that.

14. davidinla36 on December 22nd, 2009 5:56 pm

    Great speaker! Thanks for posting. I only wish the mainstream media interviewed economists like instead of the bull-heads who claimed that real estate would continue to climb at 10% a year.

15. theip2002 on December 22nd, 2009 5:56 pm

    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 when 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!!

16. drunkenmonkeyrage on December 22nd, 2009 5:56 pm

    I got my undegrad in economics and finally something is posted which everyone should watch. Great video

17. bajawind on December 22nd, 2009 5:56 pm

    all prices are falling, and will fall until the unemployment rate bottoms out. we have a LONG way to fall–except in canada according to my barber…sound familiar?

18. papatoony on December 22nd, 2009 5:56 pm

    LOL it’s different in Saskatoon? Now I’ve heard it ALL! Watch the US market collapse…it’s your future.

19. birddog866 on December 22nd, 2009 5:56 pm

    theres a pretty good Real Estate investing reading list at startinginvestor dott com.

    theres no short cut to succes in RE investing

20. ourearthhome on December 22nd, 2009 5:56 pm

    It is not the value of the house that went up it is the value of the land. Houses do not appreciate but land value does. The economic profession would have us believe that the economics of land is no different than the economics of man made stuff. They say land is capital. The economics of land is completely different than the economics of capital. For example how does something not man made get its market value. Because land is left out of the discussion full understanding cannot be had.

21. XcPromise on December 22nd, 2009 5:56 pm

    Think Toronto prices will drop?

22. skrailfan on December 22nd, 2009 5:56 pm

    Great talk.

    Im from Saskatoon, SK, Canada and weve had 57% appreciation last year and forecasted to be 26% more this year. And everybody cant stop boasting about how much their home is worth, and people spending like crazy.

    People do see the storm clouds but they say its different here. People buying because they think they’ll be priced out forever.

    I have a feeling we are where you were in 2004-05. The ride down is not near as fun as the ride up. No subprime might ease the pain.

23. billjesusgates on December 22nd, 2009 5:56 pm

    2012!……..gun to the head…..goodbye world.

24. NWOSupporter2012 on December 22nd, 2009 5:56 pm

    These are great video series for a high school student like me and others. I learn more on YT and books, then school.

25. ndhierderf on December 22nd, 2009 5:56 pm

    I really liked your video and your channel. If you need any help getting this video or channel exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.

    thanks for sharing good stuff man

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