The Real Estate Game is Doomed 2/2
Posted on March 9th, 2010 by admin
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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.
Duration : 0:10:7
[youtube ZTvclDcoZbg]
March 9th, 2010 at 9:13 am
So, we who really …
So, we who really have no money and are barely hanging on to a job, we should go ahead and buy a house, and just not pay on it. What can they do to us, maybe we’ll even get it for free.
March 9th, 2010 at 9:13 am
im glad i got out …
im glad i got out of CA. it was crazy they were calling an apartment that rented for $750 a condo and selling them for $200,000. the insane part is that people were buying them
March 9th, 2010 at 9:13 am
Got my 5 *s!
We …
Got my 5 *s!
We cannot lose HOPE tho!!
HOPE as in a stable future, NOT as in another house boom!
March 9th, 2010 at 9:13 am
lol..So i guess ill …
lol..So i guess ill be seeing ya in the chow line at the debtors camp lol…RUN MAN!! RUN!
March 9th, 2010 at 9:13 am
The game is in …
The game is in overtime because of the government’s interference.
When, and I do mean when, the people take control again, the “free money” will stop, and, people will earn their livings again.
March 9th, 2010 at 9:13 am
Screw the banks, …
Screw the banks, runup your credit while you can
March 9th, 2010 at 9:13 am
dear putz yourself: …
dear putz yourself: You allowed it to happen that is why you are morons. If people who started the country thought like you there would be no USA. It would be called The British Colony moron! Americans lost all the guts that they had… they can hardly move not to mention thinking and DOING THINGS!
March 9th, 2010 at 9:13 am
Agreed…i think …
Agreed…i think its gonna come WAY more down…
March 9th, 2010 at 9:13 am
and one more thing …
and one more thing how in the is unemployment out of money with only 11% of people drawing it and 89% paying in ????? sounds like some one is up
March 9th, 2010 at 9:13 am
The big banks delay …
The big banks delay of the foreclosure process, and recognition of liquidation values, can be explained like a poker game. The big stack can keep playing to see the next card even if they are bluffing, while the smaller stacks don’t have that luxury. If they bluff long enough, eventually they win. Take away their big stack, via government backstop, and we will find out who actually has the best hand.
March 9th, 2010 at 9:13 am
This guy mentions …
This guy mentions that before he was making money and contributing towards GDP. This may be true but his contributions were phantom. Flipping houses does not generate real wealth. His contribution got swept away with the tide.
March 9th, 2010 at 9:13 am
So true, we are …
So true, we are still 2X what the price should be.
March 9th, 2010 at 9:13 am
How do you know the …
How do you know the properties are going to be DUMPED on the market? At 0% interest rates, the banks can keep these properties forever.
March 9th, 2010 at 9:13 am
dear putz: outside …
dear putz: outside of armed revolution we should have done what? over 70% of americans did NOT want the “bailout” to foreign banks and bushbama’s handlers at GoldmanSux….but yeah we’re “morons” because we have a rogue government run by criminals in the pockets of the globalists…which is every nation on the planet at this point.
March 9th, 2010 at 9:13 am
Watching corporate …
Watching corporate mass media is a complete waste of time – thanks for this interview. My prediction for EU RE markets in next 3 years = -40%.
March 9th, 2010 at 9:13 am
Great dialogue.
Great dialogue.
March 9th, 2010 at 9:13 am
The Banks are …
The Banks are letting you stay in the home because they never had the right to seize it in the first place.
People are still too ignorant to know what this county was founded on.
March 9th, 2010 at 9:13 am
Americans citizens …
Americans citizens are morons, becouse they allowed bailouts in a first place.
March 9th, 2010 at 9:13 am
Thanks George… …
Thanks George… Def confirmed and solidified my existing point of view. I am coming into a bunch of money soon and was getting lectured about being a real estate investor with the money. I knew I was right, but felt like I was being unnecessarily condescending. Before that, I got lectured by a multi-millionare about 8 months ago. I couldn’t believe he wouldn’t buy something. Even he’s renting and still waiting for things to drop even further. Literally crazy times.
Many thanks.
March 9th, 2010 at 9:13 am
Corey looks as if …
Corey looks as if he is going to cry.. He is losing his as well! America is falling into the abyss and the Gov. has only slowed this down but yet its going to make this worse in the end!
March 9th, 2010 at 9:13 am
Very good interview …
Very good interview George. Nice to get this intelligent guy’s perspective, I learned something.
March 9th, 2010 at 9:13 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
March 9th, 2010 at 9:13 am
I live just north …
I live just north of Dallas, and I recently had my rent lowered 5% without any argument. If the rental market is getting worse, how can the housing market not be following?
March 9th, 2010 at 9:13 am
Goerge this has …
Goerge this has been the best vid! Keep getting interviews with people like this guy, Real News Baby! With a little common sense! Bam keep it coming Goerge
March 9th, 2010 at 9:13 am
Hey George,
…
Hey George,
Another great interview. The quality of your videos has improved in the last month or so. Thanks for your hard work and thanks for posting!