I’m all for passing reform. But I’m not that optimistic that it will work, even if it passes.
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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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Bubble Meter Archive
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2010
(188)
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March
(24)
- Dean Baker: Obama helping banks, not homeowners
- Was the global savings glut an effect of the bubbl...
- Elizabeth Warren: Half of commercial RE mortgages ...
- Paul Krugman on financial reform
- More government encouragement of irresponsible beh...
- There's no "Mc" in this mansion
- More Cash for Clunkers bashing
- Costs of renting vs. owning
- Greenspan still in denial
- Australia's housing bubble
- Meredith Whitney: Housing market will double-dip
- Senator Dodd's financial reform bill, in summary
- New book: Ending government bailouts
- Author Michael Lewis on the financial crisis
- Flashback: Economic Forecasting FAIL!
- Should, or can, central banks target asset prices?
- Dean Baker: Recession not caused by a financial cr...
- Did the Washington DC metro area have a recession?
- Mort Zuckerman on housing
- A housing bubble in China?
- Rebound beginning in apartment complex construction
- Warren Buffett on the housing market
- Why Fannie and Freddie should be euthanized
- Home prices predicted to fall this summer
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March
(24)
IMO, more distraction from the fact that the wealthy individuals behind the World Bank, BIS, and IMF run the show and have run the show for some time. None of this will change, so no reform -- this is just a for-show propaganda effort to appease the masses.
ReplyDeleteThe masses don't care...they are too busy watching "Dancing with the Stars". The few that care are, well, just too few.
ReplyDelete