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The Housing Bubble Song

submitted by winkler1

1 decade 6 years 8 months 1 week ago

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.

-- http://www.latimes.com/classified/realestate/news/la-re-bubblesong18mar18,0,7394453.story