It is all citi's fault

Business cycles - once every 18 years, why couldn't citi see it?

Bad advertizing.

Here is an advert from a UK house rental agency. The ending certainly has a twist, but I fail to see how this ad would encourage me to become a customer.

But hey, what do I know? Take a look and judge for yourself.

The dangers of home equity loans

Here is a home equity loan scam from England. Be warned, the clips contains a couple of unexplained jumps. However, bear with it, and you will be shocked. Banks offer loans that are proportions of home values. The banks end up with borrowers paying back the value of the loan and the bulk of the price appreciation coming from property bubble. Some borrowers have ended up in mobile homes. In some cases, people have ended up repaying five times the value of the original loan.

Mortgage crisis explained.

It is funny how music and real estate charts go so well together. Here is a quick clip explaining how we got into this mess.

Foreclosure firesale

In this clip, a foreclosure vulture takes us through a house that is currently priced at $165,000 below comps.

Remember?

No one in the UK now remembers that between 1989 and 1996, house prices fell by 35 percent in real terms. Here is a reminder courtesy of Spitting image.

creepy video exposing the UK housing bubble

It is bit of a mystery why this guy chose to darken the video clip. It all looks a bit creepy. However, the analysis of the housing market is first rate. Starts off slow, but gets better as it goes along.

The UK housing market - the experts speak

The UK property market is the maddest baddest one of them all. Prices aren't just unaffordable, are in the twilight zone of overvaluation. London is probably the most inflated market in the work. It may not even be a housing market as most normal people understand the term. Rather, it may have become one giant fraud perpetrated on over-wealthy foreigners, mostly new Russians, who have more money than sense.

This little video highlights the deep sense of confusion that characterizes the UK market. Everyone knows that the market is massively overvalued, but those prices just keep going up.

Where will it end? When will it end?