I.O.U.S.A., condensed to 30 minutes:
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The Bubble Meter Philosophy
The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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Housing Prices Since 1970
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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
Are housing prices about to experience a double-dip?
How should the U.S. government balance the budget? (Check all that apply.)
What is your political affiliation?
What sparked the housing bubble?
Is the recession over?
Who bears responsibility for the housing bubble? (Check all that apply.)
What is your living situation?
Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2008
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November
(62)
- Flashback 2004: Art Laffer denies the housing bubble
- Washington, DC condos are feeling the pain
- New home sales lowest since 1991
- Happy Thanksgiving!
- Now the housing industry wants a bailout, too!
- Bubble book recommendation
- S&P/Case-Shiller: House prices down 16.6% year ove...
- Has the bubble fully deflated?
- I've been hit! You sunk my housing graphs.
- National median house price falls to $183,300
- McMansion Watch: For Sale McMansion
- Flashback 2006-2007: Peter Schiff warned of danger
- Foreclosure Meter?
- Fannie and Freddie to suspend foreclosures during ...
- McMansion Watch: Model Home McMansion
- Which type of person are you?
- A short video explaining the mortgage banking melt...
- Parker Flats condos revisted
- Recession as an advertising gimmick
- NAR: Home prices down 9% year-over-year
- My other blog
- Mortgage broker raffling off his house
- Realtors want government to subsidize mortgages
- McMansion Watch: Under Construction McMansion
- Dead Realtor blog
- Adolf Hitler faces foreclosure
- Bubble blogs are stupid!
- Bubble Meter told you so!
- Those in government still don't get it!
- The effect of falling prices on the conforming loa...
- Bits bucket for Friday, November 14
- Barney Frank on foreclosure prevention programs
- Mortgage Interest Rate Watch
- Almost 85,000 foreclosures in October
- New York City joins housing slump
- Toll Brothers is still seeing declining sales
- Government announces "Streamlined Modification Pro...
- Zillow: Seven quarters of declining home prices so...
- Bits bucket for Wednesday, November 12
- Citigroup announces new foreclosure prevention pro...
- Economic predictions for the coming year
- Flashback 2006: "There is no bubble in real estate"
- Bits bucket for Monday, November 10
- A condensed version of I.O.U.S.A.
- Job losses causing more foreclosures
- On Moral Hazard
- Dumb books by dumb authors
- Bits bucket for Friday, November 7
- Top contenders for U.S. Treasury Secretary
- On moral hazard
- What didn't cause the housing bubble
- Bits bucket for Thursday, November 6
- America faces a new economic crisis
- How McCain could have won
- Bits bucket for Wednesday, November 5
- JP Morgan launches foreclosure prevention progam
- 18% of mortgage borrowers are underwater
- Election Day!
- Bits bucket for Tuesday, November 4
- The housing bubble could have been popped
- World housing prices
- The housing bubble and politics
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November
(62)
The whole country has been on a spending binge since the 1980's, and all we have to show for it is a massive hangover. This is going to take a while to unwind, I fear...
ReplyDeleteWhat is coincidental is that the proliferation of "growth stocks" correlates with the growth of the national debt starting in the early 1980's. Before then, value stocks dominated the market, and the S&P 500 returned a reliable 7% dividend. Our economy shifted to a service based one over the last 30 years as well. And what do we have to show for it? Perhaps a medical and internet boom, but other than that, we have two wars, a ballooning debt, etc.
ReplyDeleteI'm sure some dark genius will engineer a disease that attacks anyone over the age of 55 and wipe all us boomers out before we hit retirement.
ReplyDeleteSeems to me that if people had listened to Gore back when he was telling us to put SS in a lock-box, we wouldn't be in as bad a shape as we are in now.
SS is not a freebie, it's been bought and paid for like any insurance plan.
It makes me sick that not only has the people's money been stolen and spent for global empire building, but then they make it sound like SS is some gov. funded charity given away to undesirable burdensome old people.
We are fixing to reap what we have sown, and it's not going to be pretty.
PA turner, I suspect that taxes will rise for social security earners. So eventually any social security recipient making over $75,000 after deductions will be paying a lot more in taxes. As FDR called it Social Insurance, perhaps Social Security needs to be just that, a social insurance program, not a retirement account for the well-to-do.
ReplyDelete