"Seventy-one percent of consumers believe it is very likely (24%) or somewhat likely (47%) that housing prices will collapse in housing markets across the nation as a whole within the next year . . ."
View more graphs and charts here Now even the experts at Gallup confirm my opinions about hyper-inflated real estate prices. The naysayers have been proven wrong again. Watch cowardly idiots post abusive personal attacks in my KEY WORDS section. By the way, mortgage companies and realtors are laying off staffs all across the U.S. That must be why realtors report the housing market is falling apart in industry blogs. Yada, yada, yada
Vindication is a lovely thing.
whilke I dont doubt a hosuing bubble will burst, a poll is useless. I would prefer economic and industry data
Based on what? Lowest unemployment rate nearly ever and the DOW at its highest point ever?
Today is different from the 70s stagflation, because we do not have wage inflation.
OTOH we are over-dependent on imports and consumer spending.
The fear is this - if the dollar collapses, import prices go up and the consumer-led economy dies a quick death.
BUMP