Housing Bubble/Crash

Putting Stock in Property,

“This is more exciting than a mutual fund,” Boome said. “It feels safer too. You buy a piece of dirt, you feel you’ll always have a piece of dirt.”

[. . .] They’re cashing in retirement funds, selling stock and taking out second mortgages. They’re pouring the money into real estate, often in distant states, often without seeing the property.

“Markets are ruled by either fear or greed,” said Robert Campbell, a San Diego investor who has written a book on timing the real estate market. “At the moment, it’s all about greed. Huge numbers of people are buying in at very high prices.”

Economists have been wondering for at least a year if real estate is in a manic phase that will end unhappily.

Angry Bear: Housing: Speculation and the Price-Rent Ratio

I was going to link to and quote from a number of recent articles, and then I found Housing Crash Blog, and its links to recent articles on the subject. So just go there.

m4s0n501

Leave a Reply

Your email address will not be published. Required fields are marked *


7 − six =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>