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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.)
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Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2009
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March
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- Foreclosures rising again
- DC-area house price changes in 2008, by the numbers
- Robert Shiller on CNBC now!
- Housing cartoon
- Rahm Emanuel's oversight of Freddie Mac
- History suggests housing doesn't overshoot
- Is Greenspan to blame for the housing bubble?
- Lawrence Yun comments on the increase in home sales
- The economic crisis on South Park
- Roubini: Further 20% decline in home prices
- Republican housing plan: Renters should subsidize ...
- Feldstein: 2009 economic recovery "too optimistic"
- Home prices up in January?
- Tonight on PBS: The national debt
- BubbleSpehere Roundup
- NAR: Home prices fall 15.5%; sales down 4.6% YoY
- Where are we at?
- Vacant homes graph
- Karl Case on the housing market outlook
- Home price declines: Las Vegas and Phoenix close t...
- Alan Greenspan's conflicting arguments to avoid re...
- EstiMike Blog
- Housing starts down 47.3% YoY; Permits down 44.2%
- The Leprechaun Bailout
- Study: Real estate brokers are almost worthless
- Who is to blame?
- Bernanke's recovery prediction: Journalists report...
- Prince William County home prices, who to believe?
- Ben Bernanke on 60 Minutes
- Bumper sticker of the day
- Bank of America CEO on housing
- Photo of the day
- Senate Democrats seeking support for mortgage cram...
- Foreclosures up in February
- A parable about debt
- Greenspan says the housing bubble's not his fault
- More on the tent cities
- What caused the housing bubble?
- Hooverville in California
- WoW gold Chinese comment link spam
- Dean Baker's new book on the housing bubble
- Thought of the day
- Warren Buffett on CNBC this morning
- BubbleSphere Roundup
- Flashback 2005: Bernanke on housing and consumer debt
- Dow 36,000 is still coming
- Housing bailout bumper stickers
- Fed President Lockhart on the housing market
- Who caused the housing mess? It depends on how you...
- 20% of mortgages are underwater
- The glass half full
- William Poole says stop the bailouts
- Obama bails out the housing ATM
- 10 reasons to oppose the housing bailout
- Megan McArdle on the owner/renter divide
- Cramdown legislation faces opposition
- More REO auctions
- Where the dangerous home mortgages are
- A bubble warning from Warren Buffett
- The Maestro says...
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March
(60)
How come we haven't seen this article in any major newspaper in America? Instead, it's a UK paper.
ReplyDeleteThat disturbs me more than anything else.
I wondered about that when I read the article yesterday, but suddenly it's on the TV news today. On MSNBC, Monica Novotny interviewed one of the people living in the tent city. At the end of the interview she said to him, "Well, I have some good news for you: the market's up today." The guy was polite, but I imagined he was probably thinking something like "If I had a 401(k), I wouldn't be homeless you dumb rich b!tch!"
ReplyDeleteThe tent city has existed for at least six months, but suddenly it became a news story today. Why? Perhaps when a UK newspaper exposed it, the American press took notice.
Who is up for some camping fun???
ReplyDeleteThe fence around one of the tents is telling. Some 1200 people live there, the story reports. But with no sanitation or access to fresh water supplies ... what a horrible situation. But the U.S. would rather give AIG another $30B or so.
ReplyDeleteHow long before the cops push these folks out?
Hoover? He's long dead. These tent cities are Obamavilles now. There's one springing up next to the highways I drive to and from work on. It's sad, but bubbles have consequences no matter how much money people throw at the problem. Things will get worse before they get better.
ReplyDeleteNot Obamavilles, my friend. They are BUSHvilles.
ReplyDeletethey were named hooverville, because the original of these "shanty towns" formed during the great depression, under president Herbert Hoover.
ReplyDelete