Housing Bubble Caused by Greedy Capitalists?

[1989]

i think 2 people i know already called it a bubble but ill check for others as well.

Almost half of top US housing markets are 'overvalued'

"Buyer demand has been stronger so far in 2017 than last year, but the combination of low inventory and rising home prices is taking its toll heading into the fall," said Nela Richardson, chief economist at Redfin. "Sellers are still in control of the market, but their advantage is narrowing as buyers are becoming less willing or able to chase escalating prices."

 

[Babagounj]

The demand for housing will only increase with the damages from hurricane Harvey and Irma, Jose & Katai are currently active.

 

[DriveInDriveOut]

The demand for housing will only increase with the damages from hurricane Harvey and Irma, Jose & Katai are currently active.

Ya there's been a serious shortage of homes in hurricane prone flood zones.
Ripe with opportunity!

 

[newfie]

none of the above. cant believe we're still trying to debate this one.

 

[Catatonic]

cant believe we're still trying to debate this one.

Nothing surprises me in Current Events.
Arguing over stupid stuff is the norm here.

 

[Jkloc420]

u need to do stuff to strengthen ur legs

 

[1989]

I hope the hurricane will fix some lending rules. Last week I tried to finance a 60k tear down mobile home. 60k for vacant land was ok. But 60k with a structure on it was not. "Because it wasn't my primary residence". Eventhough it was a tear down that no one should live in. They gave me an unsecured line of credit instead. But it was too late, property was already pending. Now I got cash for the casino.

 

[rickyb]

none of the above. cant believe we're still trying to debate this one.

cant believe u still probably dont understand

 

[DriveInDriveOut]

cant believe u still probably dont understand

Just give newfie a chance and he'll find a way to blame everything on liberals.

 

[rickyb]

Just give newfie a chance and he'll find a way to blame everything on liberals.

liberals are the political center; not the left. they carry out small reforms.

 

[Babagounj]

The Left has gone so far out there now that I can no longer see them .

 

[rickyb]

The Left has gone so far out there now that I can no longer see them .

hillary clinton was right of center.

 

[1989]

hillary clinton was right of center.

Hillary was left of bill

 

[rickyb]

Hillary was left of bill

i have no idea and thats not saying much.

 

[1989]

i have no idea and thats not saying much.

We know

 

[newfie]

Hillary was left of bill

Hillary was the left side of Bill.

 

[Wally]

Housing Market Update: Share of Homes with Price Drops Reaches New High as Mortgage Rates Top 2008 Levels

Rising mortgage rates and the Fed’s actions to combat inflation are likely to further stretch homebuyer budgets and encourage more homeowners to stay put.

www.redfin.com

 

[Wally]

Do people stay put because interest rates are too high? What happens to prices? Do those who bought at the top walk away?

 

[rickyb]

yes warnings in america of another housing bubble

its a sad thing when you see how indebted ppl are and how much % of their income they spend towards their housing nowadays. developers and bankers very pleased with themselves. they will keep this game going if it wipes out the whole population and sends us into another dark age VS them paying for the debt write offs.

debts always grow faster than an economy's ability to pay.

we didnt fix bankster criminal activity either post 2008. every day we roll the dice

 

[vantexan]

yes warnings in america of another housing bubble

its a sad thing when you see how indebted ppl are and how much % of their income they spend towards their housing nowadays. developers and bankers very pleased with themselves. they will keep this game going if it wipes out the whole population and sends us into another dark age VS them paying for the debt write offs.

debts always grow faster than an economy's ability to pay.

we didnt fix bankster criminal activity either post 2008. every day we roll the dice

It's especially sad that we are short millions of housing units yet Biden is letting millions in illegally.