Real Estate Collapse - Land of the Dispossessed Part 1
Posted on June 5, 2009
Filed Under Real Estate Foreclosures |
The devastation of the real estate collapse in the High Desert area of Southern California. Thousands of empty foreclosed homes in brand new housing tracts, despite the current foreclosure moratorium. The worse is yet to come when banks resume foreclosures and unemployment checks run out. The main stream media and our leaders should focus on the true battle ground of the economic crisis: Our streets, neighborhoods, schools, and places of work and worship. Families need bailouts, not the super rich corporations of the world.
Duration : 0:9:45
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25 Responses to “Real Estate Collapse - Land of the Dispossessed Part 1”
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I always wanted to …
I always wanted to live in Calif.
Its true, …
Its true, foreclosure crisis has only just begun. Now all will fall and not the scape goat subprime.
350 a month is so …
350 a month is so cheap its crazy, I live in Ontario and a small appartment is going to cost you at least $700 a month
Actually the …
Actually the Hesperia Unified School District built a bunch of brand new schools, very nice ones too. The problem now, is that with all the people leaving the area, they got more schools that they need. They just laid-off like 200+ teachers, and I’m not sure how many other staff god laid off, like bus drivers, kitchen workers, etc.They are talking about closing a couple of schools and laying off more teachers and staff.
The actual building …
The actual building cost (all costs) of a house like this is about $100k or less, so this means that you would get the desert land & infrastructure (water&power lines) for free ? Anyway it seems strange that families … are forced out, but cant rent the property for a decent annual return (3-4%) to the property owner.
Actually those …
Actually those homes look really nice and can be fixed easily. The rents must be quite good for the walet ( .. $350 / month ?… not bad for a family house) . However, maby there is not any schools or shops close by … but thats an other story
Some of these …
Some of these houses were selling well over 400k at the peak, but now you can buy one of these for about 100k at auction. The problem is no one is buying since there are no jobs in this area (Hesperia, CA).
Hey whats the price …
Hey whats the price of a house like this ? Is there water and power available …
Just let the people live in the houses until new the new sale is settled. The owner would not like the houses to look like them in Detroit (impossible to sell ever)
bdx first thing i …
bdx first thing i thought as well. bulldozed!
Awesome! He is …
Awesome! He is right on the money! I know first hand.
OMG! I love the …
OMG! I love the background music. Very fitting.
You people do know that this crisis JUST BEGINNING!
The next dominos to fall will be ALT-A, Option ARMS, Interest only, and then the BIG ONE… commercial real estate.
This is the …
This is the judgment of fornication with the Great Whore.
Corporate Structure = Anti Christ
Commerce = Beast
Rev 18:4 And I heard another voice from the heaven saying, Come out of her, my people, lest you share in her sins, and lest you receive of her plagues.
Assert your Freeman status now.
Google Freeman on the land and find out how.
Awesome Video. …
Awesome Video. Youtube can be a great et for you. If you need any help getting your video exposed check out this site called sl8t.(com) It has really done wonders for me, I have built 3 channels up with videos at top in position, this is my forth channel I’m going to working on now.
Sorry for the parenthesis around the com, some reason Youtube will not let you give an actual address in a comment. Real weird. Have a Blessed day!
Lovely!
These housing …
These housing tracts are right off the freeway on Main street, just exit to the right on Main and make another right at Escondido. You can’t miss them.
wow that’s terrible …
wow that’s terrible, my city in socal is alway packed so I don’t see anyone leaving soon.
What part of the city are those foreclosure in? Hesperia Rd? Peach Ave?
Thinking about stopping by on my trip to Vegas to show my GF that we are in a recession.
This is what …
This is what happens when you live in bubble economies. Not to mention that home builders should offer other forms of housing that are more affordable. Like basic 2 and 3 bedroom CBS constructed homes. Then people wouldn’t need to be bleed-out in debt the moment they lose their job.
Great video and …
Great video and music. I love these on the scene stuff. Hope to see more in the future on different stuff.
This is a very …
This is a very interesting point of view. Thanks for your comments.
The crime, mx444bee …
The crime, mx444bee, is that you can afford it, but there are people who profit by keeping empty houses to jack up real estate prices who are blockingyour path.
Just like the Diamond manufactures that have been known to DESTROY DIAMONDS just to push the price up.
The tactics of scarcity appaerently exists on every level.
This video is the …
This video is the PROOF that the Bailed out Banks are kicking out homeowners with TARP money to buy the property back from themselves, to (a) profit from foreclosure fees AND (b) hide the losses of “troubled ets” instead of helping taxpayers.
This is economic cannibalism and its criminal.
Fight the Banks, make them produce the note to prove they own the debt they’re trying to collect.
2 of ouf 5 foreclosures are probably illegal yet most people don’t fight.
Nice Job joediaz001.
Nice Job joediaz001.
Hesperia, CA in the …
Hesperia, CA in the Southern California High Desert.
good sound track…
good sound track…
Yeah, back to the …
Yeah, back to the trailer park where they belong…btw most of these properties are going to get bulldozed eventually.
what city is this …
what city is this in?