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Tags: bailout bubble credit downfall estate foreclosure hitler housing mortgage parody real satire subprime
Channel: Comedy
Uploaded: December 31, 1969 at 6:59 pm
Author: jamnospam
Length: 04:14
Rating: 4.81
Views: 1463556
The Housing Bubble bursts on a speculator. Parody using a clip with Hitler as the real estate investor. He bought a house to flip, faces foreclosure, and now wants to get bailed out.Parody Fair Use of clip. See:www.publaw.com/parody.html |
Video Comments
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Bonecrkr (December 31, 1969 at 6:59 pm) |
| Repeat after me.A house bought on credit is a liability, not an asset.Five years ago, most people laughed when I would say that. Those people are now all bankrupt. |
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galaco (December 31, 1969 at 6:59 pm) |
| You pay the interest up front on a mortgage,that's why if you look at your statement you see only a small fraction going to the principle and the bulk to interest. You don't really start making headway on the principle for about 10 years. People who bought 10 years or more ago should be ok. Those who bought since are gonna get screwed. |
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Atomsmasher777 (December 31, 1969 at 6:59 pm) |
| Here's what happened...The Clinton era prosperity was turned into a big housing mkt bubble. That bubble was played like a 'pyramid party' by the bankers. The more people they sucked in, the more money they made.They milked it for all it was worth.Then the whole thing collapsed, like the pyramid it was.Questions?? |
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allbuss84 (December 31, 1969 at 6:59 pm) |
| someone make a hitler investing in madoff funds vid lol |
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JPXer (December 31, 1969 at 6:59 pm) |
| I feel your pain... if you still have equity in this market it means that you've either owned for more than 10 years and havent re-fi'e once, or that you bought all cash. |
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millamaya (December 31, 1969 at 6:59 pm) |
| ja,ja,ja,ja |
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kimbies42 (December 31, 1969 at 6:59 pm) |
| There could be many reasons why I am trapped. What about divorce, or I need to move to another state or city for job or family needs? The whole point is that the "equity" is no longer existing when house values are driven down below the financed price by foreclosures in the neighborhood. Also, now that the entire economy is affected by this crisis, my small business is failing while I remain a slave to my mortgage. |
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xxandy (December 31, 1969 at 6:59 pm) |
| so, if you bought a home without overstretching and you didn't have a quick turn-around scheme, you can't really be "trapped", right? Especially with all the equity you've built with 7 years of payments. You could *maybe* claim you're trapped if you want to move up to a better house soon - but in that case, you can sell cheap and buy cheap, and it's a wash... unless, of course, you did use a home equity loan to buy Hitler's Camaro SS :). happy new year! |
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tjprzewo (December 31, 1969 at 6:59 pm) |
| Terrific! Camaro SS! LOL |
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sluggo123456 (December 31, 1969 at 6:59 pm) |
| That was way funny...not just the Camaro, but an "SS" to boot! |
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