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 2”
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October 9th, 2009 at 11:09 am
this video is old, from Nov 2006, before the bubble burst…the date of the lecture is at the beginning of the video.
October 9th, 2009 at 12:05 pm
this video is from Nov 2006, before the bubble burst.
October 9th, 2009 at 12:43 pm
he gave this talk in Nov 2006 — before the bubble burst!
October 9th, 2009 at 1:17 pm
never blame other for your stupidity. it’s all about you–on the way up (i am smart) and down (I am stupid)….it’s all made up.
October 9th, 2009 at 1:43 pm
DEATH TO GREENSPAN!
October 9th, 2009 at 2:12 pm
“People don’t think…” So very true. At the peak, people are so SURE that prices will go up, they stop thinking, and stop analysing. They feel comfortable buying, because they can see that the crowd is buying, and the crowd must know what it is doing, Right? Wrong. The crowd is a mindless beast, bent on excess.
October 9th, 2009 at 2:38 pm
the bubble didn’t burst because people suddenly realized paying so much for a house was insane.ARMS reset,people with bad credit shaky income could not make payments FORECLOSED,at this point the party was OVER, banks lost liquidity and had to tightened credit,the artificial housing demand created by Easycredit dissapeared so prices had to fall.If no one foreclosed the bank would’ve kept lending and people borrowing,offcourse that is not feasible when you’re lending to anything that moves.
October 9th, 2009 at 3:21 pm
“Bubble are irrational markets. Asking a forecaster to tell you when a bubble is going to end is like asking a pshycologist what a crazy person is going to say next…”X-D ROFL!!!
October 9th, 2009 at 3:25 pm
He’s talking mainly about real estate economic theory and using California house prices as an example.
October 9th, 2009 at 4:10 pm
Freaking zone codes and boards.