Bfl
Don’t go posting this here on Free Republic.
You will make the idiots that insisted there was no real estate bubble that was going to collapse angry with you.
Unless six years of the bubble not reinflating has broken their spirits.
Obozo has killed the middle class. His punishment for America stealing its wealth from the rest of the world is almost complete. One thing he never measured is the fact we will have all he has redistributed back in ten years. Once you know how to reach success duplicating it is no problem.
Lots of statistical tricks can be done when comparing average to median. Because the average will generally be larger than the median when the data is limited at the bottom end, anyone who compares the average of one data set to the median of another is usually up to no good.
In spite of that, it does look like years of the Fed giving away cash to the banks is having the effect the banks wanted of driving up the price of their housing inventory.
The Asians are buying lots of property and letting it sit empty. My 90 year old mother-in-law had this happen and she will not believe it.
I’m paying 2200.00 a mo rent for a 4 bdrm. I could put down 40 or 50 grand cash on a loan. No one wants it.
Bump
Building a house for 50k and selling it for 5 million is a bit much though
I’ve been saying for years that home prices are still inflated and there must be another correction. The banks and builders are only stalling the inevitable, and prolonging an unsustainable situation.