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.
Wednesday, January 04, 2006
Tulipmania vs. Housing Bubble
Tulipmania was much more bulbilicious then any housing bubble market in the US. Nevertheless, the bubble markets are in for significant price declines over the next few years.
I fully agree with Dr. Irwin Kellner that capitol spending will NOT pick uthe slack from the housing bubble.
ReplyDeleteAs the dollar slides this year, look for exporters to pick up a small amount of the slack. Not nearly enough to ofset the housing bust.
People handle money in all sorts of ways. It is scary what is happening to the financially uneducated masses.
ReplyDeletePeople with no money down who earn 40K a year should not be given 350K mortgages.