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.
Monday, May 03, 2010
The home buyer tax credit is no more.
Good riddance. CNBC's Diana Olick offers the following comment:
Most experts I talk to, including the Realtors' own economist, believe we may see another dip in sales and prices before we are really on the road to recovery.
Where are the jobs? No RE recovery will happen without jobs, unless groups of foreign investors (Chinese) begin buying our private property here in the US, which I am hearing is already happening.
It will be the "recovery" for the few, and the great depression for the majority. As a blog writer, you're going to have to make a decision who you want to write for, and who you want to help. To call this a "recovery" doesn't help anyone I ever hung out with.
Where are the jobs? No RE recovery will happen without jobs, unless groups of foreign investors (Chinese) begin buying our private property here in the US, which I am hearing is already happening.
ReplyDeleteIt will be the "recovery" for the few, and the great depression for the majority. As a blog writer, you're going to have to make a decision who you want to write for, and who you want to help. To call this a "recovery" doesn't help anyone I ever hung out with.