The Housing Bubble is Going to Bust

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myusername

Diamond Member
Jun 8, 2003
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I don't know anything about real estate or economics, but according to my internet, it already has burst ... about a month ago, in fact.
 
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necine

Diamond Member
Jan 25, 2005
3,631
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Originally posted by: myusername
I don't know anything about real estate or economics, but according to my internet, it already has burst ... about a month ago, in fact.
Click to expand...

I don't think people are aware of this bust and are still trying to sell their houses for huge profits.
 
A

acemcmac

Lifer
Mar 31, 2003
13,712
1
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Originally posted by: myusername
I don't know anything about real estate or economics, but according to my internet, it already has burst ... about a month ago, in fact.
Click to expand...

Links?
 
Evadman

Evadman

Administrator Emeritus<br>Elite Member
Feb 18, 2001
30,990
5
81
I doubt prices will actually fall when they are averages across the nation. I think the market will 'stall' instead of burst.
 
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rsd

Platinum Member
Dec 30, 2003
2,293
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76
It's funny how the majority of proclamations of a housing crash are by those who want to buy houses on the cheap...

I need to put this out in a newsletter.

Who's subscribing?
 
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necine

Diamond Member
Jan 25, 2005
3,631
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Originally posted by: Evadman
I doubt prices will actually fall when they are averages across the nation. I think the market will 'stall' instead of burst.
Click to expand...

In my area 300K buys you a crappy house. That's rediculous. Normal families making 60k cannot afford these prices.

Investor driven markets are doomed to fail when the those investing realize they wont make a return higher then ING interest rates.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
Bubble is still alive. Only thing that will pop the bubble is lack of liquidity. Right now it's still too cheap and easy to borrow to buy a home. Until that changes, bubble stays IMO.

Stock market bubble was popped by rising rates and new margin rule regulation. You take the cheap and easy money away from the housing market and the same fate will occur.
 
C

ChiBOY83

Senior member
Dec 28, 2004
517
0
0
Originally posted by: necine
Originally posted by: myusername
I don't know anything about real estate or economics, but according to my internet, it already has burst ... about a month ago, in fact.
Click to expand...

I don't think people are aware of this bust and are still trying to sell their houses for huge profits.
Click to expand...



i slightly agree...however i think people are aware that the housing market isn't as strong as it used to be, but they are not willing to bring down the prices just yet...... there is guna be a period (several years) for the prices to come down to match the downturn in the market... in my non-expert opinion
 
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miri

Diamond Member
Jun 16, 2003
3,679
0
76
I hope it does, im moving to southern cali this summer and it would be nice to be able to buy a home in 2 years.
 
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