dfjpr (December 31, 1969 at 6:59 pm)

Like it, good explaination :)

NoticeOfDefault (December 31, 1969 at 6:59 pm)

yep, ready for that loan modification now ... the banks are ready to talk they are starting to humble themselves ...

GanNepesure (December 31, 1969 at 6:59 pm)

this video got my pusssssyyyy wweeeettttt!!! c me on cam! P

stitchyman (December 31, 1969 at 6:59 pm)

heh.. um, maybe they haven't popped, but the deflation is at the rate of letting the balloon go and its air out.. causing it to make a big fart sound while whizzing around the room flinging spit(from when you blew it up) back onto your own face. i think/hope australia is in for a normal steady deflation

somme8 (December 31, 1969 at 6:59 pm)

Turns out they do pop you f*cking idiot.

Fakanga (December 31, 1969 at 6:59 pm)

fake

snaxs2000 (December 31, 1969 at 6:59 pm)

this is an old video. We can officially say that the bubble DID pop. When Cali looses 28% value in 12 months, and there are 1300 foreclosures a day, you know this sucker imploded. POP!

bauler (December 31, 1969 at 6:59 pm)

Very good explanation of a specutive bubble. Remember it works both ways. Everyone now thinks it will never stop going down. Just like everyone thought it would never stop rising. A few years it will start all over again. Short oil now, you'll make a fortune.

giemmeppi (December 31, 1969 at 6:59 pm)

Rome Italy here. Prices are down about 15% since last year, but still they approach 25 years of incomes!!! At top of bubble, they were 30 years... In the US you are pretty lucky...

YouMuseMe (December 31, 1969 at 6:59 pm)

I noticed that some people have moved into my neighborhood in the last year - snapping up houses that were at roughly 2001 values. They thought it was a wise move. IMHO that was a mistake, because they wanted to get in before someone else did. The trend is still going down, and I wonder how they feel now.