The Real Estate Game is Doomed 2/2
February 15, 2010 - 2:26 pm
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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]
February 15th, 2010 at 2:26 pm
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
February 15th, 2010 at 2:26 pm
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!
February 15th, 2010 at 2:26 pm
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!
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
Screw the banks, …
Screw the banks, runup your credit while you can
February 15th, 2010 at 2:26 pm
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!
February 15th, 2010 at 2:26 pm
Agreed…i think …
Agreed…i think its gonna come WAY more down…
February 15th, 2010 at 2:26 pm
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
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
So true, we are …
So true, we are still 2X what the price should be.
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
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%.
February 15th, 2010 at 2:26 pm
Great dialogue.
Great dialogue.
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
Americans citizens …
Americans citizens are morons, becouse they allowed bailouts in a first place.
February 15th, 2010 at 2:26 pm
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.
February 15th, 2010 at 2:26 pm
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!
February 15th, 2010 at 2:26 pm
Very good interview …
Very good interview George. Nice to get this intelligent guy’s perspective, I learned something.
February 15th, 2010 at 2:26 pm
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
February 15th, 2010 at 2:26 pm
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?
February 15th, 2010 at 2:26 pm
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
February 15th, 2010 at 2:26 pm
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!
February 15th, 2010 at 2:26 pm
Smart guy you got …
Smart guy you got there George. Someone who actually pays attention to ALL the indicators can tell you what’s up.
Like you said, until job growth comes back the real estate market is only good for burning your savings.