Real Estate Woes: The End of the Great American Housing Boom

The unprecedented run-up in housing prices is all but over according to Dr Christian Weller, Senior Economist at the Center for American Progress. Housing has been the biggest driver of the US economy over the last several years. Without the wealth effect from real estate gains, Weller suggests Americans will find it harder to buy that new car, pay for college or go crazy at the mall,and what's more, many people may be in dangerous loans. That spells bad news for the economy writ large...

Read Christian's report, "The End of the Great American Housing Boom" here: http://www.americanprogress.org/issues/2006/12/end_of_the_boom.html

WWW.AMERICANPROGRESS.ORG

Category:

News & Politics

Tags:

• house
• real
• estate
• economy
• bubble
• seeprogress
• mortgage
• loan
• bank
• money
• finance
• market
• politics

[MyVapez]

I just spent $54,000 on my teeth alone for a full mouth smile makeover, and that was the cheapest quote I could find in Oregon!

There's no economic depression in dentistry, they are raping the uninsured like never before.

If you want to get rich in this bad economy, become an oral surgeon specializing in dental implants, you'll be rich within months like my dentist, he's only 29 yrs old and already owns a 2.4 million home, 3 Mercedes Benz and flies to his 2nd home in Bermuda 4 times per year...

[TheChuck624]

No shit Sherlock. I don't need a PHD to tell me this crap.

[ourearthhome]

Real estate speculation needs to go away completely and permanently to make housing affordable and have an alternative way to drive the economy forward. Since real estate speculation is all about cashing in on the rise of land values and not improvements the solution is to move all property and other taxation on to land values. This will end the incentive to speculate in every form of real estate not just housing and steer capital investment into the real economy where real values are created.

[Saban1983]

Tuscaloosa, Alabama is a fine market to invest in as well.

[3089280288]

No more damm arms or subprime loans! Give everyone the cheapest money on thier primary residence and people can stay put.

[sctullie]

Montgomery Alabama is still during well compared to the rest of the country. Great place to invest.

[mgilbo1]

Yes I do. If you buy a house, its not a great investment but if you buy apartment complexes or multi-units, they are much better investments than any stock or mutual fund because it gives me cash flow. Mutual funds don't give me cash flow and stocks don't either unless you get dividends. But even then you have to tie up ALOT of cash to make money on dividends and even then they aren't guaranteed. Single family homes are not good investments but you have to live somewhere.

[54spiritedwill54]

The fed zzz  on the job

[americanplanninginc]

I LOVE THIS VIDEO.ARTHUR ROBINSON

[shudderbug]

Gold has quadrupled in the last six years. Google has gone from $85 per share to over $700 in less time. There are over 20 mutual funds that have returned 500%+ for the last five years, including one that is up over 1,000%. You still think Real estate is the best investment? I don't.