tag:blogger.com,1999:blog-13164186.post5744344584244831976..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: IMF economist: home prices have much more to fallDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-13164186.post-70103045296682473212010-06-07T21:49:53.871-04:002010-06-07T21:49:53.871-04:00Here's a short clip explaining how the bubble ...Here's a short clip explaining how the bubble and the crash happened:<br />www.youtube.com/bclongwellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-83003784245378220892010-06-07T11:51:33.457-04:002010-06-07T11:51:33.457-04:00I have an idea, lets divert the fact that home pri...I have an idea, lets divert the fact that home prices in the US have dropped, are still dropping and will be dropping for a LOOOOOOOOONG time and talk about China!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-88310825780901509042010-06-04T09:56:40.133-04:002010-06-04T09:56:40.133-04:00China is anything but in trouble of any kind. Don&...China is anything but in trouble of any kind. Don't believe anything you hear in the mainstream news media these days. If you have enough money, you can pay the media to say anything. The private wealth that owns the world's central banks stands to lose once you realize that the US is no longer the place to invest. Some things are really that simple. China's government owns its central bank.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-61239253359366168672010-06-03T21:10:30.588-04:002010-06-03T21:10:30.588-04:00But what about he 8k most "saved" in buy...But what about he 8k most "saved" in buying a home? What's 5% of 300k? Uh oh, 15k. Whoops!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-47253142259794055402010-06-03T12:08:13.034-04:002010-06-03T12:08:13.034-04:00Median income probably isn't a good stat in Ch...Median income probably isn't a good stat in China or India because of the huge income gap between the well off and the vast numbers in abject poverty. Think of the classic example of the mean income in a bar is 500 millions (or whatever) when bill gates walks through the door. The flip side is the median income in a room with a billionaire and 50 guys who make a buck a day is 365 dollars.<br /><br />i'm not denying that a bubble exists, just that the median income multiple exaggerates it.Anonymoushttps://www.blogger.com/profile/07941397575879054298noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-31142349193152748492010-06-02T23:09:05.407-04:002010-06-02T23:09:05.407-04:00This IMF guy is from India, which has the MOST ABS...This IMF guy is from India, which has the MOST ABSURD real estate bubble in the world, followed closely by China. In the metros of India and China, median apartment prices are 50-60 times the median income, and single family homes are 100-200 times the median income. It is a fact that the home prices in these so called "developing" countries are much higher than in the "developed" countries. India's and China's GDP is mostly driven by self-hyped real estate investments. This IMF economist has the nerve to comment on America's home prices, which are extremely affordable and actually quite undervalued in the world when comparing quality, size, features, infrastructure and median incomes. Go figure !!!srnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-13976636623966812372010-06-02T14:28:58.282-04:002010-06-02T14:28:58.282-04:00An honest economist? Wow, I thought they were exti...An honest economist? Wow, I thought they were extinct decades ago.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-61397375584532901772010-06-02T13:36:50.991-04:002010-06-02T13:36:50.991-04:00Speaking of the IMF.
I was just in the Dominica...Speaking of the IMF. <br /><br />I was just in the Dominican Republic - say over 30 United Nation trucks getting ready for something big.Taylor White, P.H.D.http://www.internationalrealestatelistings.comnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-14346762000371030462010-06-01T19:00:32.597-04:002010-06-01T19:00:32.597-04:00The fact that he is with the IMF is a red herring ...The fact that he is with the IMF is a red herring in this case. <br />Bottom line: He is correct!nonpartisanhttps://www.blogger.com/profile/10669991779523375897noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-12876357796442735702010-06-01T16:16:44.975-04:002010-06-01T16:16:44.975-04:00You have to remember the bigger picture, though --...You have to remember the bigger picture, though -- http://www.green-agenda.com/sustainabledevelopment.html<br /><br />Private property is undesirable when the goal is more control.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-44580228263960036172010-06-01T15:06:06.970-04:002010-06-01T15:06:06.970-04:00Foreclosures are becoming a way of life. There is...Foreclosures are becoming a way of life. There is no more stigma associated with it. Who would have thought that people would view foreclosures as blessings. This is great stuff!<br /><br />CNBC excerpt<br /><br />"Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.<br /><br />'Instead of the house dragging us down, it’s become a life raft,' said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. 'It’s really been a blessing.'”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-53861116594896690232010-06-01T12:43:01.419-04:002010-06-01T12:43:01.419-04:00IMF? To be taken seriously.IMF? To be taken seriously.Anonymousnoreply@blogger.com