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.
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WOW ! This was posted in 2007 ! So. Ca R.E market hasn’t gotten alot worse since !
Nice Vid. I enjoyed it. We market properties and other things on youtube, we hope to create a large network of people interested in making money. Your video gets a five star rating from us. I hope you feel the same about ours.
Has anyone read “The Pizza Delivery Millionaire” by Rick Vazquez?? Best book out there to start your real estate business. It’s not only very informative but also entertaining..their title says it all “A Laymans Guide to Becoming Financially Free in Real Estate”. It’s on Amazon and their website. I like that it is written simply and know it can help a lot of people.
now where is all the money they stole from everyone
heck we can’t even find out where the bailout went let alone to where all the trillions went.
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.
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!
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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.
Montgomery Alabama is still a good investment for housing.
Regardless of the ups and downs in the market, trying to put quality in to a property is important.
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!
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.
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.
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?
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!
It turns out that we really did not need all those Mexican construction workers after all . . .
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.
You and You drive up this economy. You don’t buy it, it will be worthless. You want it bad, it will be priceless.
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.
it’s a lecture from a university?
you saw the bubble in the subprime loans
tss he mentioned my real estate fin prof, shame he is a prof in maastricht the netherlands not maastricht denmark interesting stuff though
