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John Vogel Subprime Mess

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Sub-Prime Mess Means Digital Woes The sub-prime mortgage mess has many implications: new barriers to getting a mortgage, the tumbling stock market, and yes, maybe trouble getting investment dollars for that cool start-up. In the digital economy, the shake-out in the mortgage industry could make a big hit on online advertising with troubled marketers in the home finance market, like Countrywide. Larry Dignan at ZDNet weighs in with an analysis as does Rafat Ali over at PaidContent. To understand how this all has happened, here's my interview John Vogel at the Tuck School of Business at Dartmouth. Professor Vogel is an expert on the real estate industry. He gives a sobering overview on the root and implications of the sub-prime crisis. I was up in Hanover, New Hampshire earlier this month for this interview. Here at Beet.TV, we're going to explore more business strategy and finance issues in the weeks ahead. These things affect us all. Stay tuned. -- Andy Plesser Coming clean: The Tuck School of Business at Dartmouth is a public relations client of Plesser Holland. Posted on Tuesday, August 21, 2007

Channel: People & Blogs
Uploaded: August 22, 2007 at 6:54 am
Author: BeetTV

Length: 0:02:58
Rating: 4.20
Views: 10,712

Tags: Dartmouth sub-prime mortgage foreclosure

Video Comments:

lostinseganet (Sunday 12th of October 2008 05:40:00 PM)

Predatory lending destroyed those who put too much trust in people to be honest.

tellthetruthh (Thursday 25th of September 2008 10:18:14 PM)

HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!! S0illegals aliens are milking the system again!!! While Americans pay the bill!!!

Joyriser (Wednesday 16th of April 2008 08:07:38 AM)

The investors and property developers create a vastly over inflated house price market.Then the "creative accounting" economy creates a situation where employers pay staff as little as possible for their work! Ideally they move jobs to China so they can make even more profit! Therefore you create a two tier market where good people cant afford a small home! Of course the sub prime market went up! They couldn't face the guilt and political embarrassment of telling the truth!

ofInterestNZ (Monday 24th of March 2008 10:24:28 PM)

Now that the volumes of home sales is down around 30-40% each month from a year ago, you'd expect a good number of those agents to chuck it in. They rely on commissions for most of their income so fewer sales means lower income. You'd have to expect a good 5000 to 6000 would leave the industry in the next couple of years. The other angle here is that mortgage brokers will also feel the pain. Most of their business is generated by real estate deals.

MTXSHO9732vV8SHO (Thursday 20th of March 2008 12:46:52 PM)

COMMON SENSE Do You need it? Yes, continue to next question. No, STOP. Can You afford it? Yes continue to next question. No, STOP. Should you buy it at it's current price? Yes, welcome to the homeowner's club! No, it is overpriced! Apparently, these 3 questions are too hard to figure out. No need to wonder why the US of A is such a mess; the consumers are just as stupid as the politicians and lawyers criminals. LMAO! Now GIVE me your house! LOL! C Ya Monopoly Guy! LOL, LMAO, LOL

Psychogenius018 (Monday 17th of March 2008 09:40:25 PM)

The subprime schister shenanigans are merely symptomatic of the real problem which is the Federal Reserve crime syndicate dictating artificially low interest rates instead of allowing the market to determine them. They sucker everyone in with low rates then they pull the rug out from under them. THEY ARE THE ONES PROFITING FROM ALL OF THIS!!!!!!

njmarkca (Monday 11th of February 2008 07:21:21 AM)

In my opnion this run up in real estate value was created, on purpose and unwittingly by the fed gov. Unwittingly when the Clinton admin made the first $500K of home profit not taxed. On purpose by Greenspan to avoid an even worse fate, a deep depression with price deflation. Monetary policy, purposely encourgaed real esate investmenting in an attempt to aviod a catastophy casued by the tech melt down of 2001/2002. It worked for 5 years. This is all related to globalization and corp greed.

nobodybidness (Sunday 10th of February 2008 10:53:28 PM)

Nice attempt at a recap, but, not quite. The very financing vehicles described are what drove housing prices up to begin with. Buyers with no credit, down payment or job bring no value. The lenders have been buying 30% of the houses over the past four years. Now it has to shake out. But I'm glad you thought it was predictable. Next crisis: 8 million mortgages to illegal aliens and a country hell bent on deporting the payors. Stay tuned, folks.

zecamel8 (Thursday 24th of January 2008 06:44:45 AM)

Rowdy forgot to add that the subprimers were boning their investors cause they were making fortunes on commissions. This whole mess has been created by greedy unsavory R/E agents, brokers, loan officers, banks, and get rich quick buyers. It reminds me of Puff Daddy and his drug crazed homies...just plain vanilla stupid.

ubornthick (Wednesday 23rd of January 2008 07:39:48 PM)

Rowdy could you redo your post without the euphemisms

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John Vogel Subprime Mess