VIDEO: The Collapse of Las Vegas

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<object width="425" height="344">^<<^

<embed src="http://www.youtube.com/v/rFTZ3flsipE&color1=0xb1b1b1&color2=0xcfcfcf&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></object>
 

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This is the product of stupid speculators and idiot Americans who have no basic understanding of economics.

How the hell can people afford $500K and up homes when they make $50K a year. I have no remorse for the mortgage industry and the douche bags who were doing stated income loans.

The California market has been overvalued since the mid 90's, the dumbasses deserve it. Paying 120% for a home after it was on the market for 2 weeks. The douche bags in NoCal helped lead to the great American collapse. This what happens when 100,000,000 people in this country have a 5th grade understanding of economics.

Las Vegas is filled with so many stupid fucking morons, who kept thinking we can continue to build, no you can't.
 

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I thought it was a poorly directed video. I just don't get the point of it. At the end I was asking "OK, now what?" It was 30 minutes of spouting things we already knew. Vegas has stopped building. Vegas has no jobs. Vegas home prices are declining.

The way the Constable operates is laughable. You get a list of ~15 people, you know that one of them has no eviction warning, and you don't go to their house FIRST then hit them back later in the day?
 

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1st...wait 10 months then you can call this video The collapse of (insert name here).

2nd...who would open a company to make home loans then give someone making 50K a loan for 500K? Right nobody.. So y would they do it? Obviously because they were FORCED to....In fact the POTUS boasts of working on 1 of the very 1st cases where ACORN protested and tried to shut down banks that REFUSED to make BAD loans...

The point was stated in the video....What can be done to bring Vegas back to where it was....And being the ignorant fools they are they suggest drastic govt CHANGE....dum pieces of shit think that govts role in their life is to fix them a bottle everytime they cry....that they should make STUPID things RIGHT.....

United States is full of so many stupid morons who think the govt can make their dreams come true......they deserve whats coming..

The constable /law gives notice to the OWNER...these people are renters..If they tell the renters we will come back tomorrow what kind of shape would that house be in tomorrow? burnt to the ground most likely.
Again these people are RENTERS, they have legal action they can take against the OWNERS....They should have known what they were renting before they signed the damn papers..

In Louisiana once the constable knocks on the door and hands the renter the court order that renter cant even grab a coat...he is trespassing from that moment on and is removed immediatley.. The owner must supply the labor to move all the renters belongings to the curb while the constable stands watch. If the renter so much as steps in the yard from the sidewalk he can be booked with trespassing and remaining after being forbidden...
 

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Interesting vid thanks for sharing.

The guy who kept on his lease but the owner got foreclosed on. Wow. What a nightmare.
 

Oh boy!
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1st...wait 10 months then you can call this video The collapse of (insert name here).

2nd...who would open a company to make home loans then give someone making 50K a loan for 500K? Right nobody.. So y would they do it? Obviously because they were FORCED to....In fact the POTUS boasts of working on 1 of the very 1st cases where ACORN protested and tried to shut down banks that REFUSED to make BAD loans...

The point was stated in the video....What can be done to bring Vegas back to where it was....And being the ignorant fools they are they suggest drastic govt CHANGE....dum pieces of shit think that govts role in their life is to fix them a bottle everytime they cry....that they should make STUPID things RIGHT.....

United States is full of so many stupid morons who think the govt can make their dreams come true......they deserve whats coming..

The constable /law gives notice to the OWNER...these people are renters..If they tell the renters we will come back tomorrow what kind of shape would that house be in tomorrow? burnt to the ground most likely.
Again these people are RENTERS, they have legal action they can take against the OWNERS....They should have known what they were renting before they signed the damn papers..

In Louisiana once the constable knocks on the door and hands the renter the court order that renter cant even grab a coat...he is trespassing from that moment on and is removed immediatley.. The owner must supply the labor to move all the renters belongings to the curb while the constable stands watch. If the renter so much as steps in the yard from the sidewalk he can be booked with trespassing and remaining after being forbidden...

Add to this problem is that the Bush Administration had programs to help people with their down payments and also help with making their payments.

If people can't afford a down payment or can't afford payments without assistance before buying a house they shouldn't be buying a house in the first place.
 

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Add to this problem is that the Bush Administration had programs to help people with their down payments and also help with making their payments.

Damn right he did.....He put more minorities in homes than any president ever....He had more minorities in his cabinet than anyone ever....He went out of his way to please the damn liberals who were to frickin blind to see he was the greatest liberal president ever....So they elect a friggin moron who wont give them the time of day and think this sorry SOB will help them. And they say liberals are not sick in the mind.....:think2:
 

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Thank you George W. Bush. It's amazing to me of the BullShit America is having to go thru today. The United States can and will send Millions of $$$$ to other countries and Feed the people of other countries but when it comes to American People The United States Government could give a F%^K about American People.

And it's going to get worse than it is today. Until American people stand up take this country back over our Congress and Governtment is going to keep F%^king the American People everyday, why because The People of this Country have allowed it to happen.
 

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Yeah, blame everything on Bush, you moron. How about blaming the wackjob liberals in congress, i.e., Chris Dodd, who wanted to make sure through his buddies in Fannie Mae and Freddie Mac that every dumb ass who shouldn't have a home mortgage had one.
 

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Yeah, blame everything on Bush, you moron. How about blaming the wackjob liberals in congress, i.e., Chris Dodd, who wanted to make sure through his buddies in Fannie Mae and Freddie Mac that every dumb ass who shouldn't have a home mortgage had one.

Obviously you cant read. But I understand.
 

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I don't think you do understand. What do you mean the government doesn't give a f*ck about the people. Problem is it cares too much, let the people produce wealth on their own, and get the government out of the way. Subsidized mortgages and artificially low interest rates aided and abetted by the likes of Chris Dodd got us into this mess. Too easy to blame Bush by the mentally incompetent.
 

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Okay your right no sense in debating a dead horse. This shit didn't happen over night. Just like the Auto makers and the Banking industry, you don't Belly-Up over night when you have the money these companies have/had this shit has been boiling for several years and then just all of a sudden over night their broke I call Bull Shit. Someone somewhere knew about this shit going on and it's funny how all of a sudden they all went Belly-Up all at the same time of Election Time. The shit really didn't hit the fan until the end of 2008.
 
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