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
Real Estate Bubbles and California’s Economic Growth, Part 1
Archived in the category: real estate
Posted by admin on 26 Nov 08 - 25 Comments
25 comments for “Real Estate Bubbles and California’s Economic Growth, Part 1”
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Gary1111001
These aren’t my …
These aren’t my mistakes. I’m for a 3rd party – Green Party.
2001-2007 was the first time in decades that one party(Republican) had both the majority in Congress and the presidency. We were able to find out once and for all what the Repubs could do without Dems in the way.
We found out.
I’m in the mortgage busness. I saw this comming in 2003. I was in CA and there was an obvious bubble. But no one even wanted to acknowlege it.
November 26th, 2008 at 4:54 pm
2
magi244
The bubble was …
The bubble was created with Democrats and the Democratic Congress. Stop blaming the conservatives for your mistakes. Think about who is the majority in congress>? Democrats! Liberals can’t say their wrong, sad!
3
florinsalamior
Do you want to know …
Do you want to know more about real estate?Visit superestate(.)tk_.We have calculator, tips, tutorials everything you want
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Gary1111001
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.
November 26th, 2008 at 4:54 pm
5
sctullie
Montgomery Alabama …
Montgomery Alabama is still a good investment for housing.
6
barberaproperties
Regardless of the …
Regardless of the ups and downs in the market, trying to put quality in to a property is important.
7
OwnAHomeNow
Many smart folks …
Many smart folks have called it the ‘housing ATM’
8
tbreest
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!
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tulsarealestate
So, what’s that …
So, what’s that appreciation on a cardboard box in a Hooverville 
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.
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.
November 26th, 2008 at 4:54 pm
10
BubbFromGEI
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.
11
ourearthhome
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?
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warrenbraden
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!
14
yogeedogee
It turns out that …
It turns out that we really did not need all those Mexican construction workers after all . . .
15
FARTYPANTS30
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.
16
jujutube123
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.
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acavideo
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.
19
despotidis
it’s a lecture from …
it’s a lecture from a university?
you saw the bubble in the subprime loans
20
Foliemans
tss he mentioned my …
tss he mentioned my real estate fin prof, shame he is a prof in maastricht the netherlands not maastricht denmark interesting stuff though
21
Zopre
screw california’s …
screw california’s economic growth, economic growth is what causes housing inflation and inflation is what causes homelessness and poverty
22
theip2002
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!!
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DoctorJohnJGibbons
reali-whore shill. …
reali-whore shill. So far = not anymore