U.S. Senate Commit on Housing Bubble Dedicated to iTulip.com
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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
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