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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.
Because it is the livelihood not to talk bad about the market and deflate it. Unless you are a prodigy like Shiller, then warning of a bubble will mean less opportunity to be invited on CNBC or Fox Financial News.
ReplyDeleteConsider this....
ReplyDeleteMay 1997 to present day: 0% annual return for GE
April 1998 to present day: 0% annual return for Disney
Consider this too....
ReplyDelete1998 to present day: 6.5% annual return for Alexandria home prices.
1998 to present day: 7.5% annual return for Arlington home prices.
1998 to present day: 9% annual return for DC home prices.
Nice returns for inside the beltway properties. I guess I should have listened to the bulls afterall.
ReplyDeleteGot Neil?
John, James, or David or whoever posted as anonymous,
ReplyDeleteI will consider the NOVA home price appreciation also, as the "Dude" always abides
http://www.youtube.com/watch?v=sYsw0KVRjCM&feature=related
yeah I like those returns. Too bad I was only 17-18 years old and made $4.25 an hour at a mall job to pay for my car insurance and gas to go to college.
ReplyDeleteNow that we are at the peak prices for inside the beltway with prices over half a million dollars for worst of the worst, Im priced out.
I guess I will have to wait 10-15 years as the steady decline happens until homes are affordable again.
Must be nice to be a baby boomer in times like these.
"Now that we are at the peak prices for inside the beltway with prices over half a million dollars for worst of the worst, Im priced out.
ReplyDeleteI guess I will have to wait 10-15 years as the steady decline happens until homes are affordable again."
With prices rising or at best, stagnating, you will have to hope your income grows enough that you will eventually be able to afford there.
"Must be nice to be a baby boomer in times like these."
ReplyDelete--------------------------------
Bump.
"With prices rising or at best, stagnating, you will have to hope your income grows enough that you will eventually be able to afford there."
ReplyDeleteBeing in IT for the government and making $105K a year, I think I probably have hit a ceiling or close to it. My raises will be those staying with inflation type raises from here on out.
I will have to wait for 10 years of slow declines or 15 years of flat prices before I will be able to afford.