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re: Drudge linked, Economist on housing bubble: We never left the bubble, its bubble inception
Posted on 1/22/18 at 10:10 am to boogiewoogie1978
Posted on 1/22/18 at 10:10 am to boogiewoogie1978
Interest rates are part of the problem.
The other problem is that the bailout of banks kept the market from correcting properly, as people shite themselves over the idea of so many foreclosure houses hitting the market in a short period because it would depress home values across the board.
The other problem is that the bailout of banks kept the market from correcting properly, as people shite themselves over the idea of so many foreclosure houses hitting the market in a short period because it would depress home values across the board.
1
Posted on 1/22/18 at 10:27 am to teke184
quote:
Interest rates are part of the problem.
Hopefully if they notch up, they do so slowly and give home builders time to react.
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