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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
click here to read article
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To: Moonman62
Ooops. Sorry about that. No matter. It's thesis is the same both then and now. The difference is, the very thing they predicted is now starting to occur.
To: GodGunsGuts
This chart has nothing to do with gloom or doom in the housing market but I thought it was a pretty chart
22
posted on
09/21/2006 8:15:22 PM PDT
by
woofie
To: Moonman62; nopardons
The very nature of goldbuggery is deception, and he is NO different than those who have been banned and those who will one day take his place.
Of course, the same applies to fearmongering gloomwhoring blogpimpery.
23
posted on
09/21/2006 8:15:38 PM PDT
by
Petronski
(Living His life abundantly.)
To: GodGunsGuts
24
posted on
09/21/2006 8:16:40 PM PDT
by
Petronski
(Living His life abundantly.)
To: GodGunsGuts
It's your story, tell it however you want.
25
posted on
09/21/2006 8:17:19 PM PDT
by
Petronski
(Living His life abundantly.)
To: Moonman62
Because that would really HURT his doom&gloom position. The predicted imminent end of the world didn't happen and we're almost into '07.
To: Moonman62
I just got done reading an article that stated when Japan lowered interest rates to zero, they still couldn't attract any RE buyers. Real Estate continued to decline for over a decade.
To: durasell
Activity in NYC is a lot of European money and midwestern/southern money. These are the guys who traditionally get burned... Actually, in my area, it it mainly Wall St. folks. Last 3 sales in my building in fact.
To: GodGunsGuts
Your mouth must be tired.
29
posted on
09/21/2006 8:18:41 PM PDT
by
Petronski
(Living His life abundantly.)
To: montag813
Actually, in my area, it it mainly Wall St. folks. Last 3 sales in my building in fact.
Where are they from? Bet you a buck they've been in the city less than 5 years.
30
posted on
09/21/2006 8:19:38 PM PDT
by
durasell
(!)
To: Petronski
Youur bad attitude wont keep you in gloom and doom long buster
31
posted on
09/21/2006 8:21:05 PM PDT
by
woofie
To: woofie
To: durasell
That there is a continuing trend, now, of families staying in the city, so new buildings are now catering to families with children; more bedrooms, areas for children to play, schools inside the buildings, "mommy&me Yoga", etc It was an interesting read.
To: woofie
But I love the gloom! I crave the doom!
I'm just a slave to the gloom and doom!
34
posted on
09/21/2006 8:22:45 PM PDT
by
Petronski
(Living His life abundantly.)
To: GodGunsGuts
HORSEFEATHERS ! And the stats on South Africa were bogus.
To: Petronski
To: Petronski
Pray tell, please expose the great deception Petronski. I'm dying to hear what you learned by listening to the gold conspirators whispering under your bed.
To: nopardons
Press agentry.
The best thing the Post ever did -- except for Headless Body etc. -- was the Lizzy Mobile after the Grubman affair. I loved the Lizzy Mobile.
38
posted on
09/21/2006 8:24:00 PM PDT
by
durasell
(!)
To: montag813
I live in Spokane, WA, and in comparison to other similiar markets around the country Spokane is still very reasonable for housing costs.
To the east of us in Northern Idaho prices have gone up drastically. To the west of us near the cascades in Chelan County property has gone up drastically. Here in Spokane you can still get a nice 5 bedroom/4bath/3 car garage in the low 400's. These are 4000+ sq ft homes.
I don't know about the rest of the country but with one kid here, one due in a few months, and a third planned my wife and I are preparing the home we live in now to sell in the Spring and upsize in a better school district.
I hate to lose out on my fixed 4.6 15 year note though. :(
To: GodGunsGuts
I wouldn't buy real estate either if banks were having a hard time making loans, because such a banking problem causes deflation.
40
posted on
09/21/2006 8:24:04 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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