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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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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
Are housing prices about to experience a double-dip?
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Bubble Meter Archive
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2010
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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)
Bringing forward a belated comment here:
ReplyDeleteAnon @ March 10, 2010 12:42 PM said...
"No asshole, learn to read. My brother didnt sell during the tech boom, he sold in the 1980s when interest rates were soaring and stagflation was all the rage. Oh and if you must know, you are right, my brother doesnt have a job now. Thats because he died of cancer in 2006. Asshole."
Anon, my condolances on your brother, and let me say, on behalf of this blog, we are sorry.
You most likely fell victim to our anonymous antagonist - likely the same math challenged guy who once thought montgomery county had only 4 cities, likely the same guy who fabricated stats about the % of buyers using 0% loans, and then when asked for a source, lied and said he cant disclose it because he works for the source (yeah right).
It is true that this guy is very reading challenged, as your post made very clear that your brother sold back in the 1980s. How he thought it was during the tech boom is beyond me, but that seems to be par for the course for this dude.
Hopefully he learned from this exchange, but likely not. In the future, if you see a post like this, just know that its him and not representative of the rest of us here. Thanks.
Ugh. Another smelly spammer. A shoe spammer.
ReplyDeleteAllow me to add some content. I saw the spring flowers in my front yard yesterday. In a month, Immundria will be a rainbow of colors and the selling/buying season will be running full tilt boogie.
I checked MLS and there were a dozen new listings in my zipcode.
My guess is that sales will be brisk and there will be bidding wars for the nicer places. I do not expect prices to run away.