Subscribe to:
Post Comments (Atom)
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.
Posts
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.
My Other Blog
Housing Prices Since 1970
National Housing Sites
Regional Housing Sites
- Bay Area Real Estate Blog
- Boston Bubble
- Burbed (San Francisco)
- DC Home Prices
- Flippers in Trouble (Sacramento)
- Frankly Realty (Virginia)
- Greater Northern VA Housing Bubble Fallout
- Irvine Housing Blog
- New Jersey Real Estate Report
- Patrick.net (San Francisco)
- Portland Housing
- Proffesor Piggington (San Deigo)
- Sacramento Land(ing) Blog
- Seattle Bubble
- SoCal Real Estate Bubble Blog
- Socket Site (San Francisco)
- Vancouver Condo Info
Economic Sites
Iacono Research (ad)
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.)
What is your political affiliation?
What sparked the housing bubble?
Is the recession over?
Who bears responsibility for the housing bubble? (Check all that apply.)
What is your living situation?
Was subprime lending a cause or an effect of the housing bubble?
Follow Bubble Meter
Bubble Meter Archive
-
▼
2010
(188)
-
▼
August
(17)
- Banks helping more troubled homeowners than Obama
- Homeownership fetish harmful
- CNBC housing market discussion
- Graphs: The decimation of the home-building industry
- New home sales hit all-time low
- Existing home sales continue their death spiral
- Economist Andy Harless asks "What housing bubble?"
- Housing no longer a wealth builder
- 5 economic 'new normals'
- Bits bucket
- Decline of the "ownership society"
- Fun with trendlines
- How few new homes are being built?
- House prices vs. rents
- Are U.S. home prices undervalued?
- Renting vs. buying a home
- Paging Greg Mankiw!
-
▼
August
(17)
Wow! Pick up the Washington Post today. It's a Friday edition but you would swear it was Sunday because the paper is so thick! Why you may ask? Because there are 44 pages of foreclosed properties available through trustee's sales. Looks like the dumping has begun in full force!
ReplyDeleteWow! Pick up the Washington Post today. It's a Friday edition but you would swear it was Sunday because the paper is so thick! Why you may ask? Because there are 44 pages of foreclosed properties available through trustee's sales. Looks like the dumping has begun in full force!
ReplyDeleteIts about time if they do. They have squeezed off inventory so tight, why not put some homes out there and see what happens? If they sell, and prices maintain, great! If they dont sell and prices start to swoon, go underground again, just like they did in 2009.
ReplyDeleteEither way, lets get this thing going!
Heh.. i just bought popcorn.
ReplyDeleteI can't even listen to this Ken guy - what a joke. Looser credit is the problem? Without people in stable jobs in a growing economy, none of the rest of this sleight of hand will work. Not even in the short run.
ReplyDeleteTHAT CHICK IS HOT!
ReplyDeleteThe most ABSURD real estate bubbles have been going on in India and China for the past 20-30 years, where homes have appreciated about a THOUSAND times. A one thousand US dollar investment in India's metro real estate in the 1970s is now worth more than a million US dollars. Home owners in India and China are unbelievably rich and are far more wealthy than their Western counterparts. Despite the ABSURD appreciation in the past 30 years, the mentality in India and China is that real estate is the easiest and best form of investment, with values doubling every 2-3 years. Note that these so called homes in India and China are small, with little features, very low quality, have no good infrastructure and so filthy that no sensible person would spend even a 100 bucks on, yet are being sold and bought for millions of dollars each in the greatest PONZI game ever played. Note also that the median income in these places is still just a few thousand dollars per year, yet the median home prices are about a million dollars. This PONZI game has created inflation, which then fuels the PONZI game even more and you get the idea. Compare all of this to the United States. Homes have hardly even tripled in value in the last 30 years, and yet, we are quick to point this out as a bubble. We are playing the reverse PONZI here, where we want to destroy absolutely fabulous homes to complete worthlessness. A regular 2000 sqft 4-BR American home would cost several million dollars everywhere in the world except in the USA, where it costs a measly USD 200000. Yep, Americans want everything for free. If it is not free, it has to be a bubble.
ReplyDeleteBill, I do not want to stoop down to your level with the name calling. I have travelled to India several times and was there just a few weeks ago. Who is buying? Speculators, politicians, and their ilk...remember that I said that it is the greatest PONZI scheme ever devised or run? The price today does not matter, as it will be jacked up a lot to sell to the next sucker in the scheme.
ReplyDelete