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The tulip bubble burst because the supply of tulip bulbs finally increased thus driving down prices. The "housing" bubble was not an increase in the price of houses because the supply of houses was increased furiously by builders the entire time of the run up. The price increase was entirely due to the increase of land value with no increase in supply. Calling it a "housing" bubble obscures the issue and will now, as always, result in failure to get at the root cause: land speculation.
ourearthhome 3 years ago
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you could buy a house for 80.000 with a 550$ rent in 97 now theYre 200.000$ with rents over 1200$ no one can afford a home anymore because of politicaly engineered housing inflation! politicians are sending the new generaqtion straight to poverty and homelessness while the rest who already have a home live in luxury and cheap rent!fuck all politicians destroy esoteric facism for good support a presidentless leaderless country abd get a piece of happiness in this lifetime OR BE ENSLAVED
lucidgenius88 3 years ago
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american politics wont even allow american peOple the freedom to own tax free land, so that they can send citizens to the gutter through inflation and tax rise! the only free poeple are the ones who dont pay property tax! yes natives! they have all the services and no tax! WHILE WE GET ENSLAVED INTO POVERTY HOMELESSNESS AND DISGRACE! NO SUCH THING AS APPARTMENT BUILDINGS ON NATIVE RESERVES! THATS TRUE FREEDOM! NOT THAT FAKE SHIT DEMOCRACY THEY FILL YOUR ASS WITH on tv
lucidgenius88 3 years ago
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POLITICIANS are the crib of the economic engine and are responsible for all rises in inflation all reforms and vetos and revolts and societal poverty! presidents are the ones responsible negating property rights through legalised extortion such as rising taxes rising home costs (when wallstreet can) all forms of cost inflation and rising costs is politicaly engineered! dont be swayed by lies
and bullshit on CNN trying to render innocent politics from the societal collapsing effects it creates
lucidgenius88 3 years ago
Imagine going to the bank and asking, "I'd like to open an account for minus (-)$100K". After years of deposits adding up to $100K you will have $0 in the account. Silly isn't it? Well that is exactly what you will be doing if you bought a house right now. Maybe a little more, or a little less, but either way doesn't sound too good does it? DONT BUY REAL ESTATE BE SMART
lennyfest 4 years ago
MORTGAGE INDUSTRY EXPOSED!!!!!!!!
What every borrower must know
rmdirect . net <--- web site
dsholmes23 4 years ago
yeah DEC we will see it really pick up speed since Oct. is the next Cycle of the Interest Adj. to go higher again!
Budvb 4 years ago
housing downturn is just getting started... look out below.
jg867 4 years ago