On YouTube, former Ventura County appraiser finds humor in the housing bubble collapse.
It starts off happy and bouncy -- smiley faces, granite countertops, instant equity, a cash-out refi, a vacation in Hawaii, and a brand-new Hummer. But you know how the song ends: in foreclosure.
"I got my mortgage and I made my payments
But my rate reset in my latest statement
It was 12-hundred, now it's twenty-four.
I'm three months late,
So I'm out the door."
So goes the ballad of the housing bubble, a rapidly spreading YouTube music video written and performed by Dave Girtsman, a former appraiser in Ventura County. From 2000 to 2004, Girtsman witnessed -- and arguably participated in -- the run-up in prices now known as the housing bubble.