Real Estate Downfall
March 31, 2010 by Editor
Filed under Property Tips & Advice
The Housing Bubble bursts on a speculator. Parody using a clip with Hitler as the real estate investor. He bought a house to flip, faces foreclosure, and now wants to get bailed out. Parody Fair Use of clip. See: www.publaw.com/parody.html
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That’s…. too funny!
I kept a straight face until the “dog groomer” comment.
“just following orders”… a nice touch
AIG and Lehman stock: brilliant!
Great
CONT……
$200,000 Aust dollars gets you a property at the bottom end of the markek in all major cities.
No one can buy a housing block of land under $150,000 Aust dollars.
ln population, 60% of the Australia has dept in one form or another.
Aprox-30% of Australians own property out right , me included.
There is so much money in Australia, just ask, I will tell you how we are being fined for the most rediculas things from council, state and fed governments!
OK an update at whats happening in Australia March 2010.
House prices across the country have gone up between 1% and 40% (the latter is in the big cities) in the last 2 years and getting worse. The average mortgage loan in Australia is between $300,000/$500,000 Aust dollars and climbing as well!
Our home loan variable interest rates are around 6.9% and we expect the official rate rise 1%or more before the end of the year.
I loved how you incorporated that “working at a car wash” and the girl’s crying scene.
True, but we are certainly not the only ones. The EU and Japan are also looking pretty ugly right now.
Americans have brought their own country to its knees. What makes the whole thing so amazing is that they did it totally voluntarily.
Even funnier than I thought it would be. I thought it would be hilarious before I watched it too.
This is frikin great! A wonderful parody and I can’t believe it took me 18 months to find it.
nice video….very creative.
@mybruno555: I think that China and India are going up the ladder, the USA is going down. I feel that the USA has a lot of really bad citizens who do not pull any weight. Worse yet, we have a lot of very dumb, violent people, lots of cities are uninhabitable by normal people. We will just become less and less able to compete in many areas on a global basis.
yeah USA isnt as competive with PRC and india in a lot areas–thats what happens when you cut labor costs to a few dollars a day. But in other areas USA is very competitive. And as I say it is by no means certain china/india will survive many of the issues facing them like enviromental destrucitons, ethnic and relgious turmoil, a closed government in china etc….
@mybruno555: I think you are right. But, in 20 years I do not think the USA will have any auto manufacturing, this country is not as competitive as india of china in a lot of areas. We will have a lower quality of living and more dumb people. Oh yeah, don’t forget, many more worthless wars for us to fight.
also china has plenty of other issues not the least of which is that the PRC government isnt what you would call flexible or open. rigid would be more accurate. if they dont start to bend they will eventually break. india has got plenty of issues as well….ethnic, religious…
well yeah china and india produce things cheaper–u can do that when you are paying people pennies–quality is sometimes ?able but so is it in USA or Toyota land. But anyone who has visited either country as I have knows they got a long long long way to go to reach 1st world level, yeah in delhi or bejing everything looks great…drive into the countryside for a while and it gets primitive fast…then there are other factors that could easily derail china/india ascent: enviromental for one
@mybruno555: Yes we HAVE done great. But the past is just that. We have mounds of future debt that we cannot pay for, the USA in my opinion is getting dumber, we are getting involved in what I see as unneccesary wars over and over again. US citizens want more and more stuff from the govenrment and pols will give it so they can stay in power. China and India now make a lot of QUALITY goods-much cheaper than the USA can,
things look pretty bleak.
insane? some insane, mostly sane. you dont become the dominate world power–until recently anyways–by being insane. overwhelming trends have to have been rational.
@mybruno555: I fully realize that there are a lot worse places to live than the USA. But, I really question a lot of the insane decisions the USA has made since the end of WW2.
brilliant
why dont u just move to Cuba