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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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Housing Prices Since 1970
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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.)
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?
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Bubble Meter Archive
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2010
(188)
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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!
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August
(17)
And here's why you shouldn't buy right now.
ReplyDeletehttp://www.usatoday.com/money/economy/housing/2010-08-02-1Ahomeowners02_ST_N.htm
And heres why you should have bought 1.5 years ago when prices were bottoming.
ReplyDeletehttp://www.recharts.com/cme.html
Bottoming? What bottom? None of those graphs show a bottom....
ReplyDeleteLol - sure thing Noz!
ReplyDeleteI'm laughing at you...not with you. Either you're blind or don't know how to read a graph...where's the bottoming??
ReplyDeleteDo you see an indication that this is a bottom and it's going to rise?? Let us know how you think this is a bottoming...oh and don't hesitate to take into consideration the fact that job losses are increasing and foreclosures are too...I wouldn't want you to get the wrong impression or anything like that.
Cheers!
Thats it Nozzie tell him! Tell him just like you told us. Tell him how the REAL bottom is in 2013 when Case Shiller DC hits 135!
ReplyDeleteCaw, Caw, Caw! Bwahahahahahaha!!!
Noz said...Either you're blind or don't know how to read a graph...where's the bottoming??
ReplyDeleteHmm, lets see here - On that graph, DC got down to 165 back in March of 2009. Today, DC is at 182.
So the question is, which is higher 165 or 182. I say its 182, but apparently Noz disagrees.
Oh Wait...Partisan....what are you doing here? I thought you were going to put your money where your mouth is and buy up all the properties you can.
ReplyDeleteOh wait...you did right? That fictitious property you keep saying you bought? Yeah...that one. But hey..buy more...since you know where the markets heading..you'll make a killing!!!!
Caw, Caw, Caw! Bwahahahahahaha!!!
ANON:
ReplyDeleteSorry mate...that graph doesn't show a bottom...you thinking it's going up doesn't indicate it's not going to come down. So tell me again how you think this is a bottom?
Oh yea...never mind...unemployment is at an all-time high, faltering economy,lowered wages, increased foreclosures and NODs, hmmmmm yeah....we're good to go ANON! You keep drinking that KoolAid mate.
"unemployment is at an all-time high, faltering economy,lowered wages, increased foreclosures and NODs,"
ReplyDeleteAnd yet, prices have risen from 165 back in Mar 09 to 182 today - oh how sad for you!!!
I guess you don't remember the housing crash a few years ago do you? Lot's of jobs, lot's of loans, all this money...yet prices tanked....
ReplyDeleteHow sad for you....if only could see beyond the length of your arm.
I think with affordable prices purchasing a new home rather than renting is the best option for everyone.
ReplyDeleteKamloops Real Estate