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The Global Housing Boom: In come the waves (a cautionary tale)
The Economist ^
| 06/16/2005
Posted on 09/21/2006 8:02:27 PM PDT by GodGunsGuts
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To: ex-Texan
To: GodGunsGuts
Which is why when this goes south, the hole it makes in the ground will be a big one.
3
posted on
09/21/2006 8:03:54 PM PDT
by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: Toddsterpatriot; jennyjenny; Mase; Larry Lucido; Moonman62; nopardons
![](http://home.alltel.net/petronski/doomed.jpg)
We're all doomed. Doomed!
DOOMED!
4
posted on
09/21/2006 8:04:49 PM PDT
by
Petronski
(Living His life abundantly.)
To: GodGunsGuts
Isn't it a F.R. rule that "ex-Texan" needs to post such items?
5
posted on
09/21/2006 8:04:55 PM PDT
by
montag813
To: A CA Guy
Couldn't help but laugh. Your comment is sad, but true--GGG
To: montag813
LOL! I run the evening shift :o)
To: GodGunsGuts
A bit of a world wide recession at least IMO.
8
posted on
09/21/2006 8:06:17 PM PDT
by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: GodGunsGuts
I wouldn't be surprised to see one more spike in housing prices before it's all done.
In case you missed it, mortgage rates hit a 7-month low today, and new loans and refis had their biggest spike in 5 months. Activity in NYC has really picked up in September (I know, NYC is "different", but still)
9
posted on
09/21/2006 8:06:48 PM PDT
by
montag813
To: GodGunsGuts
10
posted on
09/21/2006 8:07:51 PM PDT
by
woofie
To: montag813
Activity in NYC is a lot of European money and midwestern/southern money. These are the guys who traditionally get burned...
11
posted on
09/21/2006 8:08:26 PM PDT
by
durasell
(!)
To: montag813
I saw that. There will come a point where it won't matter how much they lower rates. When Japan's real estate market tanked, they were offering loans at zero percent and there were still no takers.
To: woofie
Or just plain common sense.
To: Petronski
Did you go to the site this article was taken from? If you did, did you look at the chart? That chart is..........um....inaccurate at best.
To: woofie
Bubbles are fascinating. They are the nexus where economics meet human nature.
15
posted on
09/21/2006 8:11:47 PM PDT
by
durasell
(!)
To: GodGunsGuts; Petronski
Why didn't you say this article is from June 16, 2005?
16
posted on
09/21/2006 8:11:59 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Petronski
BTW, gold might be rebounding right here and now. It could take another dip, but the odds that it will start its next leg up increase with each passing day (especially this time of year :o)
PS Picked up 7 more bars at $578.
http://www.kitco.com/images/live/gold.gif
To: GodGunsGuts
There will come a point where it won't matter how much they lower rates. When Japan's real estate market tanked, they were offering loans at zero percent and there were still no takers. Japan had a problem where banks couldn't offer any loans because they never wrote off bad loans.
18
posted on
09/21/2006 8:13:49 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: durasell
Not really. Did you see today's N.Y. Post REAL ESTATE section?
To: nopardons
I only read Page Six in the Post. What did the RE section say? (I'm kidding, I just didn't see the post today)
20
posted on
09/21/2006 8:15:09 PM PDT
by
durasell
(!)
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