An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
10 Responses to “Real Estate Bubbles And California’s Economic Growth, Part 1”
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October 8th, 2009 at 5:43 am
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October 8th, 2009 at 6:03 am
Wrong, democrats took control of congress in 2006.Thornberg is spot on.
October 8th, 2009 at 6:27 am
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October 8th, 2009 at 7:26 am
How right is this guy, it all makes perfect sense. This video was made at the end of 2006 (I think he says).Average USA house price 2006 Quarter 4 $257.671.Average USA house price 2009 Q1 $169,000.Average Los Angleles price December 2006 $533,000Average Los Angleles price February 2009 $ 303,500.Las Vegas December 2006 $323,000Las Vegas February 2009 $155,000.Its a simlar story everywhere in the USA.
October 8th, 2009 at 8:10 am
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October 8th, 2009 at 9:06 am
This STUPID housing market thing reminds of how STUPID people are when they were ALL IN A HURRY to buy a home. I guess when loan co. decided to make it EASIER for almost ANYBODY to get in. “What’s the hurry, man!!” This is when people (I heard) were actually IN LINES to buy!! WHAT”S UP MAN!!!!!! This is NOT Circuit City/Best Buy etc black Friday, now… GGGEEEE
October 8th, 2009 at 9:27 am
just two months ago a barber explained to me what a great investment canadian real estate is–now was. what everyone knows is always wrong–eventually.
October 8th, 2009 at 10:26 am
WOW ! This was posted in 2007 ! So. Ca R.E market hasn’t gotten alot worse since !
October 8th, 2009 at 10:55 am
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October 8th, 2009 at 11:55 am
nice video thanks