The Real Estate Game is Doomed 1/2
January 22, 2010 - 1:47 am
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Interview with Real Estate Investor Corey. We discuss the current market for investing in residential and commercial properties. Corey goes into detail about the recent collapse in real estate an what he expects to come in the next few years. He goes into detail how investors were hurt, even in moderately collapsed markets and how there is little upside long term in playing the real estate game.
Corey’s Strategy Moving Forward
http://www.directorslive.com/video/2724/Investor-Explains-Investment-Strategy-in-Downward-Real-Estate-Spiral
Duration : 0:8:11
[youtube J__DH4lUekU]
January 22nd, 2010 at 1:47 am
But on a lighter …
But on a lighter note there is a job fair tommorrow for 300 government jobs at the shipyard an they usually hire people right out of high school an either send them to shcool or they join apprentice program .I have had 2 of my friends get hired last year an another going to the fiar tommorrow.
Peace
January 22nd, 2010 at 1:47 am
Thanks for that …
Thanks for that clarification.
January 22nd, 2010 at 1:47 am
Dont call me norman …
Dont call me norman call me chubsy upsy
January 22nd, 2010 at 1:47 am
the guest is cute.
the guest is cute.
January 22nd, 2010 at 1:47 am
the masses have …
the masses have always followed propaganda ,it why propandanda has always existed ,and it is so powerful ?The reason why so many are quick to belief the parrot press (recovery,recovery),is because money has been the driving force in the life of the majority ? so many say money does not make you happy and then spend there whole life chasing money ?the titanic is sinking .
January 22nd, 2010 at 1:47 am
re: comments on the …
re: comments on the “give away” yeah that would be great, but it would have “only” taken 14 trillion to pay every mortgage and credit card debt, student loans etc… of every american…wipe out all our debt and yet bushbama gave how many trillions to foreign banks? it’s well over 40 trillion now? or more? the banks are the slave owners and we’re their property. don’t pay your taxes? your house is gone. or you go to jail or have your wages garnished etc…you’re not free but only in your mind
January 22nd, 2010 at 1:47 am
complete give away …
complete give away by the gov’t is not going to happen. Banks wont allow this as they need to collect interest.
January 22nd, 2010 at 1:47 am
You can not Force …
You can not Force Liberty..You have to just let it happen..
January 22nd, 2010 at 1:47 am
The time to buy is …
The time to buy is when the location and labor of a particular property is undervalued. In other words could you have the same property built at that location today for that same price. If you can not it’s time to buy.
January 22nd, 2010 at 1:47 am
I’m sorry, you’re …
I’m sorry, you’re saying two things
1) Hyper inflation (where?)
2) This guy in the vid says valuations and equity will never return..
These are two VERY different things.. sorry but you are making no sense with this video.
January 22nd, 2010 at 1:47 am
mcnabj,
You are …
mcnabj,
You are right on the money. The average per capita income in Dominican Republic is six times that of pre-quake Haiti. Part of problem is French colonialism—Most French colonies ended up as basket cases. Spain’s have generally done better, and Britain’s have generally fared best of all. French colonialism was the kiss of death, combined with genetic, spiritual, cultural, & other historical factors–All combined to make Haiti a virtual failed state & enviro disaster.
January 22nd, 2010 at 1:47 am
A sign of an …
A sign of an unhealthy, over-regulated market is people not buying houses because they’ve been saving and can afford to, rather people feel they can’t afford not to, have no savings and need money. Flippers would probably never made a career out of this in a free market.
January 22nd, 2010 at 1:47 am
Next up an expert …
Next up an expert who says the government is spending too much money!!!
January 22nd, 2010 at 1:47 am
LOL
LOL
January 22nd, 2010 at 1:47 am
It seems to me, the …
It seems to me, the only thing that is going to make things better is massive inflation and the government certainly has the power to creat that. Does anybody have any thoughts on that? I would appreciate hearing from you. Thanks
January 22nd, 2010 at 1:47 am
I don’t have to get …
I don’t have to get past the first 10 sec., of these vids to know what this guy is going to say anymore.
About 3 years too late on his predictions!
The real estate market is bad? REALLY? Are you sure?
Wall street is going to lose money?
It is simple people–
Unemployment is going up?
Recessions–
1972
1983
1991
2000
2008
Not ONE of you better be surprised in 2016, or 2017 or 2018
I wonder what will happen….
January 22nd, 2010 at 1:47 am
@freemarket11
What …
@freemarket11
What happens next will depend on the people, if they are willing to fight for their freedom, they will have it.
BUT, if they want to stay on their collective and do nothing, they will get a Ruler.
We in this country have been losing our freedoms in baby steps since the 20s, but we are so far along that we could hop to fascism at this point.
January 22nd, 2010 at 1:47 am
@freemarket11
Oh …
@freemarket11
Oh yeah,
The nation fucked, we have a front row seat to one of the biggest collapses ever
Our country and probably our remaining freedoms with it will die.
All in the name of saving us
I wish they would stopped helping so much.
January 22nd, 2010 at 1:47 am
it could be worst …
it could be worst but the realitors are controling the rate of homes listed at this time. by controling supply they are keeping the prices high. you should be happy just to have a home at that point. the ones unlucky enough to be four closed on? its the end of there lives.
January 22nd, 2010 at 1:47 am
@Freemarket11 you …
@Freemarket11 you are absolutly right. I feel the same way!
January 22nd, 2010 at 1:47 am
Great vid Goerge!!! …
Great vid Goerge!!!! Your friend also was great bring him back in a few month for an update, I think he spot on right.
January 22nd, 2010 at 1:47 am
what market? the …
what market? the market in Fantasy Land?
January 22nd, 2010 at 1:47 am
The health and …
The health and wellness industry is one. Yes, government is planing to take over health care but that will only grow other sub-health industries. People might start looking into eating healthier and the supplement industry is growing. Why do you think government wants to take over health care? Tax Revenue! In the U.S.A. the baby boomers are at the age where they need health care more. That’s not going to stop with a government take over. Maybe I should of said sub-sectors.
January 22nd, 2010 at 1:47 am
Heavy hitter real …
Heavy hitter real estate investor? Lol. If he was a heavy hitter, he would still be working the market. It is still hot. Homes are still selling for more than list in LA.
January 22nd, 2010 at 1:47 am
Just saw it – …
Just saw it – really good movie. But I believe the situation in that film came about due to planetary-wide natural devastation, like massive global earthquakes. Not clear if economic devastation will have same effect.