http://www.longislandbubble.com
This video is about predictions made Dec 31, 2006 by the bullshitters and bears of real estate as to what will happen to housing in 2007. I have added the aftermath so far; Peter Schiff has made some accurate predictions.
EZEQUIEL
Comments
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3:55 what a fucking *** hole. still laughing now you silly fucking *****?
that’s a lie… those who saw this coming might lose less than those who were greedy, who thought and used their houses as ATMs… listen, there were real estate agents that were begging me to buy a house… why would i buy a house when the price appreciates 50-100% every year while wages weren’t even keeping up with inflation year to year? the math never worked…. housing will stabilize in two ways: a) wages will have to dramatically increase to the point of 15-20% median or prices = 2002 lvl
Maybe we should send each of those morons a copy of this clip on dvd and see if they’ll laugh now. For all you know, they might be the people working for financial corps behind close door.
Anyone else want to smash that smarmy Mike Norman’s cheesy veneers down his stupid throat?
What a dipshit. I bet he isn’t laughing at Peter Schiff now…
look they will not rise for three years..people have to rebuild trust that fuel charges will go down and stay and jobs need to rebound ..one good thing is gas will be about a $1.39 a gallon when fuel was up to 3.29 i predicted it would be at a $1.85 by summer and now in my town its $1.83 so its even quicker than expected..everything will continue to drop for the next three years or untill the job market picks up and stays steady for 16months.
It’s staggering and sad how right Peter was on the housing bubble, but how wrong he was recently because he doesn’t understand international trade, debt, and currencies.
Anyone who invested money on his ideas in the past 6 months has lost soooo much money… the S&P 500 index looks enviable in its modest decline. The world has weakened in ways Peter never anticipated, and his ideas don’t adapt.
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Mike Norman is such an idiot. He has no clue about basic economic theory. He got pwned by Peter Schiff in this segment on Fox News, but you wouldn’t have known it at the time. Now Mike Norman has come off looking like a jack *** and an ineffectual nothing!
As I watched this,I see why so many Americans that believe the US media are so Dumb.Most Americans have NO idea,the federal reserve is NOT federal,but a private bank,that is bringing this country to it’s knees.
I hope many that watch videos like this,and others that show what is happening in America,will wake up.Factories are closing,over 1 million Americans are homeless,more than 700,000 are in forecloser,with more to come.What does the government do? bail out Banksters,and leave working home owners with the shaft.
Up 10 percent….hahahahahahahaha your dumber than you look.
Not to say we will be immune but a few differences:
Less than 1/2 the per capita national debt and ours is dropping.
Appreciating currency and 1/2 the inflation.
A much smaller service sector a much larger resource sector.
As other currencies jump in value and the US dollar drops they will still need the uranium, oil, copper, nickel, gold, diamonds etc etc that we produce in spades.
Also our banks are tighter and house prices didn’t jump as much as in the US.
ahhh mike norman… haven’t seen that guy on Bulls & Bears in like… forever
I bet Peter is the only living in own house at the moment.
I bet these other fools believe their own Bullshit and bought up large, now they’re living out of Peter gabbage.
Thank you Peter, I followed your advised and sold my inflated house and rented, now I’m laughing and have you to thank!!
Nobody’s talking over the top of Mr.Schiff now, are they?
Looks like the bears, not the bulls got the last laugh.
