iTulip.com made this video and it was removed by youtube due to thestreet.com crying about copyright infringement. Yeah right, the street.com does not want their host to look this stupid. If he said the words then he has to live with it...
"Youve got to be kidding me dude, its not fair"
DUDE where is my "equity"?
hahahahahahaha
Readers should understand that those prices were the "fair market value". Nice to see people waking up to the bubble.
Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E "Flip This House" scam that was shown to viewers.
Part 2 of this story is located HERE http://www.youtube.c om/watch?v=zM8pXjLyG tE
FORECLOSURES-Coming to a neighborhood near you.
Pictures and broadcast are from the reporters of the Denver Post.
http://www.denver post.com/foreclosure s
For all who don't know, Inland Empire is the Los Angeles smog basin located 1 hour east of LA. Home of the median house price of $500k where most make a total of 40k-60k a year.
Photos are of Mortgage lenders that are bankrupt or gone.
Commentary at the end of video is from Peter Schiff at www.europac.net He said all that ~6 months before the "Mortgage meltdown"
Beginning song: Josh Groban-Remember When it Rained
Last song: Tears for Fears-Break it Down Again
We been only saying this for a WHOLE YEAR! The person speaking is Christopher Thornberg. FUNNY THING WAS, HE SAID THIS ON FEB. 2006. Only over a year ago....
David A. Lereah is Senior Vice President and Chief Economist of the NATIONAL ASSOCIATION OF REALTORS. Look out below David!
Update 4-30-07: Dot.David Lereah left NAR
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![4-22-2007 Inland Empire\](http://img.youtube.com/vi/wObtE2a5Hg8&feature=youtube_gdata/2.jpg "4-22-2007 Inland Empire\")
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