[doc30]

Don't know posting policy from Reuters so I only excerpted.

[muawiyah]

Aren't they owned by Saudi Arabian interests that are heavily invested in tents anyway?

[BW2221]

Ever since I learned Greenspan is married to NBC's Andrea Mitchell, I have less confidence in his judgment.

[durasell]

Well, he sure picked a fine time to learn how to speak english...

[edpc]

The US says Greenspan's relevance is over.

[gotribe]

Duh, yeah Greenie. After the fed jacked rates how many times in a row, you're darn right the bloom is off.

[Jim_Curtis]

Greenspan says US housing boom is over

Then I guess we better send the alien construction workers back home because there won't be enough homes for them and also citizen construction workers to build.

[george76]

This might be helpful ?

http://www.freerepublic.com/focus/f-news/1111944/posts

[kinoxi]

greenspan still holds a lot of clout. if he gets big money to shy away from real estate it could have considerable effects for regular homeowners when their equity vanishes. he should just STFU.

[umgud]

Does this mean my 4 year old house won't tripple again in value in the next 3 years like it did in the last 3 years?

[WackySam]

Sure it is.

I just signed a contract today- selling my house for 500% more than I bought it for 7 years ago.

[hauerf]

Happily, Greenspan is over. What a doofus!

[stainlessbanner]

filing

[Cementjungle]

Every time that guy opens his trap the stock market tanks. I thought we were done with him when he retired.

[SouthTexas]

boom in the U.S. housing market in recent years is over.

Again?

[dc-zoo]

"GreenSpam" just can't keep his mouth shut either.

[Porterville]

All those poor jealous FReepers that want there to be a crash are sad to see there will be no crash... poor bitter little things.

By the way, there are places the boom still lingers. Central Coast California... San Luis Obispo County.

[fish hawk]

Yeah, right!! come on over here to Maui and tell us that. Try to buy a house here. The lots are more than houses are in other areas.

[mc6809e]

I can't believe all the crap people around here are giving Greenspan.

There are very few people as economically conservative as Greenspan. He was a big part of the "Reagan revolution".

Now people here are kicking him to the curb.

[rolling_stone]

how did you miss this? ping

[gleeaikin]

Housing may slow down or remain static for a while, but should bounce back.

Two major reasons--the $250/$500 thousand tax deduction off of capital gains profits upon sale, and you can't outsource the real estate business.

Right now people are a little nervouse and trying to cash out their capital gains tax free profits. Also since a lot of people who purchased 2nd and 3rd properties because or this provision only found out about it two or three years ago, you have a lot of people who have put in their two required years, and now want to get their money out to move on to better things, or another fixer upper. Of course this applies to active housing markets, not rural areas that are losing population. Then again maybe there is something to be said for immigration. :-)