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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?
How should the U.S. government balance the budget? (Check all that apply.)
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What sparked the housing bubble?
Is the recession over?
Who bears responsibility for the housing bubble? (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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2010
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June
(18)
- Year-over-year home prices up 3.8% in April
- An interview with Robert Shiller
- Housing news from the past week
- When do underwater borrowers walk away?
- Home sales plunged in May
- Economic activity shifting from construction to ma...
- Flashback: Housing bubble — or bunk?
- Some news I missed over the past week
- Savings gluts
- Renters-in-waiting
- Thin ice and the FHA
- Housing after the tax credit
- Zillow's view of the housing market
- My two year blogging anniversary
- Paul Krugman on the housing bubble
- Initial jobless claims stuck so far this year
- IMF economist: home prices have much more to fall
- Don't blame the CRA
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June
(18)
A pause on the way down.
ReplyDeleteKrugman is disingenuous to say that the subprime bubble was driven by originators not covered by the CRA. The bubble wouldn’t have gone very far without the secondary market to inflate it. The graph Krugman doesn’t show is the one that shows the percentage of bad loans that were purchased by the GSE’s and other government entities. That percentage would represent the portion of the bubble created by the “libruls”.
ReplyDeleteOnce Krugman steps outside of his ultra-narrow field of expertise, half of his analysis is faulty and half is dishonest.
Conscience of a liberal, indeed.
Rebar,
ReplyDeleteDo you happen to have that graph? Because Krugman actually showed us his facts. You've just kind of implied that they exist someplace. It makes for a stronger argument when you show people what you're talking about rather than assuring them that it's true.