California Real Estate Crash Crisis Meltdown – Abandoned residential developments March 28, 2010
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CALIFORNIA MELTDOWN – March 13 2010.. More evidence of the economic collapse in Northern California. Residential real estate developments empty and abandoned and bankrupted builders. The Sacramento area has been particularly hard hit. Latest figures released quote 13.1% unemployment in the Sacramento area. They just kept on building and building… who did they think was going to buy these? How are these developers paying their loans on these properties when they sit empty year after year? WWW.MYMORTGAGENIGHTMARE.COM Please subscribe to my YouTube channel – will be adding more and more footage every week as the economic crisis deepens in 2010.
PULTE HOMES america’s largest home builder shameful use of subcontractors that hire alledged illegal workers.
Video Rating: 4 / 5
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aussie aussie aussie
@savemyplaylist
The Federal Reserve holding interest rates down is tantamount to plain straightforward market manipulation. Interest rates should have shot up to curb the excessive growth and reward saving rather than debt spending. That’s what keeps bubbles from inflating, but it also prevents profiteering by Wall Street.
@smb12321
what sank california was private business excesses, not runaway taxes, or your “anti-business mood”.
First came the energy price manipulations caused by Enron, during Republican Governor Pete Wilson’s tenure, causing rolling blackouts despite no actual energy shortages.
Then came the housing bubble, inflated by Wall Street speculation, relaxation of bank regulation by the GOP in 1999, and the liar loans handed out by lenders who knew exactly what they were doing but didn’t care.
@featherriverrafter We (TN) are being flooded with escapees from CA with horror stories – runaway taxes, anti-business mood, no jobs, societal divisions, etc. Our new neighbors are from Riverside. Bought a $700,000 home for $650,000 & it just appraised for $325,000. What a disaster.
@jawara105 You should look up info on the federal reserve who lowered interest rates to 1% and supplied that actual FUNDS to the speculators and foolish home buyers.
@featherriverrafter
Greed indeed. The people who were buying those homes with no down payment thinking they could flip them a few years later were the epitome of the greed.
you should burn down some of those ugly ass houses. They are awful.
An Aussie!
@jawara105 JFK for real.Only the good die young
@hilololomoa You should look up some info on the Community Reinvestment Act. I was started when Jimmy Carter.
Have you checked out the area of Del Paso Heights in Sacramento area. The houses there are in dangerous neighborhoods. Homes were sold for the $300,000′s a few years ago. Now selling for under $100,000. Unbelievable greed and how did these areas get such a high appraised value?
bush Real Estate
Thanks for the video. Subscribed and shared.
Coo-eee!
For a sheila, reckon you doing a fab job of the video posts.
You mentioned that it was in Sac, is that the development off Sunrise, Bradshaw area? I think I have seen those properties while driving through. Keep on truckin!
G’day, well, I recon the shiela’s strine… she sure sounds strine to me.
interesting. Keep em coming!!!
1st.
What a shame, our country is being sold out for corporate profits! Will be the downfall of America.
Thanks for sharing this video.
Tell the formens you work for Department of Immigration make them crap there pants……!
THANK YOU FOR POSTING THIS !!! I COMMEND YOU FOR GOING OUT TO THE SITES AND ASKING THESE QUESTIONS !! GO FOR YOU AND THE AMERICAN PEOPLE.
I am still as good as I once was, miss the smell of fresh cut, served 1976-1980USN/USMC Corpsman 1980-1986 USNR SEABEES !991-1996 USN/USMC Corpsman,,, still out of work almost 2yrs now, now mowing lawns, small side jobs // boycott Pulte Homes !#*$@^ ripp off’s
Pulte Homes,,, here in Arizona is the biggest rip off’s,, I once tried to work piece work for them last summer, threw us behind 8 ball first day crew of 4, work box,gen , guns etc,,, brought 1 day late, 2nd day box brought half a day late, not allowed to use your own compressor, gen, nail guns, got 1st floor built by 3rd day, Super stated we were working to slow , da after not having equipment on time. Guess who had there equipment and hardware 1st and on time
An excellent video that shows how illegal aliens and Outlaw Employers cheat us-
“JOE LEGAL vs. JOSE ILLEGAL”
/watch?v=PX4wKPk54E4
@Dustycajungurl great point. I hate to say it but the quality of work of most illegals is really pathetic anyway that i have seen from the various contractors that get busted for using them.
this pathetic and people cant get this. They get under the table money. have little droppings called anchor babies who then get welfare, wic, food stamps, public housing and so forth. this is an outrage to any patriotic american of any race.
Camera + Day Labor Site + IRS = Tax Evasion, if you can prove a certain amount there is a reward. So welfare recipients won’t take these jobs?
This just frustates me beyond words.
Another aspect of such regulation is the need for a president/senate and congress that understands America has a constitution as well as laws. You may have notice the current administration has an understanding of America’s laws relating to suing American Citizens attempting to protect their state. What is needed is just the opposite, an administration that defends American Citizens. More than jobs are at stake. America’s future has never been at risk to the extent it now is. Stand up!!
I attempted this comment before and for some reason it didn’t post. One tool that is needed is fines for hiring illegals that will consume decades of dream profit years. Of course the 2nd offense would bankrupt the employer but provide government housing, food and security guards in Fort Leavenworth Prison. Take away the jobs and the illegals will leave on their own since they’re a modified version of the parasites we already have an abundance of.
@JJRage420 “I have to compete with people who have no respect for this country or our constitution!”
From this comment am I safe to say you are a politician?
mikedt13: Which group of people doesn’t care how high gas prices go, or what the economy is like? The Amish. Because they still use horse drawn buggys, and still make everything that they need, while growing their own food. Whites need to do this on a local level around the Country. You are interested in Local Offices to control, from Town and County Executives, to County Clerk and Sheriff. Once you control your little Town, you make the Codes to fit what work will be done.
mikedt13: We’re looking at this all wrong, as if we need them. We don’t. Who are these homes being built for? Many White Americans. So then White Americans are pulling the purse strings on who works on these homes and Developments. The homes will be built whether we use this Scab Company, or put ads in papers across the Country for skilled Workers to build our homes, for an agreed upon price. There is a new concept. Buy the property without a structure and then hire your own Contractors.
So many Americans out of work and they’re hiring these losers. I know one young man who had to re-enlist in the army because he couldn’t find a job in construction when he got out.
Adding to the list of what companies declare themselves enemies of the US of A and friends of illegal squatters!
@mikedt13, I agree with both of you; but we can thank liberalism for pricing Americans out of the workplace! Inflation drives up the cost of living which drives up salaries! When I worked for $3.35/hour, we weren’t paying $3.00/gallon for gas and paying taxes or “fees” on everything!
The government needs to STOP inflating the country! We need to go after the idiot in Washington, all his cronies & brain dead libs, demand tax cuts, stop spending and close the borders and look after US first!
I can do all the work they are doing, in fact that is my profession, my way of life! I have to compete with people who have no respect for this country or our constitution!
Great video! I’ve tried to make video’s like this but I could only assume they were illegal. I don’t speak Spanish. I tried to apply at the Trugreen web site. Check out the what race are you on the application.You will understand then.
@PattonsWhip your right
@PattonsWhip Totally agree ! ! !
@PattonsWhip I AGREE BUT HOW CAN YOU COMPETE WITH ILLEGALS WHO GET PAID $12/HR AND WORK 16 HOUR DAYS WITH NO OVERTIME. IF YOU ARE A COMPANY PAYING TAXES, INSURANCES , UNEMPLOYEMNT ETC. YOU CANNOT COMPETE.
super16g123: Please refer to my comment posted here.
NWOIS666: Now, if people only would pool their resources and talents, and start their own Building and Construction Companies, as well as other types of Businesses, we could say good-bye to the Traitorous sell-outs of this Nation, and starve them of their Consumer base, which powers them with our money, through our purchases. No customers, no money. No money, no power.