The Global Housing Boom: In come the waves (a cautionary tale)

The Economist ^ | 06/16/2005

[Larry Lucido]

How dare you, um, parade on his rain, or something like that.

[GodGunsGuts]

I am confident you will eat your words re: gold. Don't worry, I'll ping you to say "I told you so" when the time comes--GGG

[Petronski]

The Economist has a decidedly anti-Bush slant. So do the goldbugs and RE bubblers.

[GodGunsGuts]

The story is just as valid today as the day it was written.

[Petronski]

Your threads have all the credibility and utility of a dinner-time cold call.

[nopardons]

For the '92 market! My memories of the N.Y.C. housing market of '73-'74 still give me the shakes; even though we DID finally sell and made some money on the co-op. :-(

Pricey and really cheap housing sells the fastest. It's the middle area that always gets hit the hardest when there is a cooling down period.

[Petronski]

Oh wait, they're functionally equivalent.

[durasell]

The Eonomist has always been a consevative publication. However, they tend to be fiscally conservative, which might explain why they could be perceived as "anti-Bush."

But for the sake of argument, what does President Bush have to do with the RE bubble?

[nopardons]

Hey there! :-)

If only they would wait in silence. These Cassandras LOVE "bad" news.....no matter how out of date it is.

[GodGunsGuts]

Nobody has a crystal ball. It will pop when it pops. Prices are not supported by fundamentals and will fall (and stay down) until the RE market's equilibrium is reestablished. Of course, reaching said equilibrium will involve much more than just real estate. It will be felt across the entire economy.

[Petronski]

But for the sake of argument, what does President Bush have to do with the RE bubble?

The constant and incredulous drumbeat of impending RE bubble doom is orchestrated to make the President look bad, so as to elect a democrat congress.

All this to put impeached felon Alcee Hastings in the chair of the House Intelligence Committee.

Rave on.

[nopardons]

ROTFLMAOPIMP

You owe me a new laptop for that!

[GodGunsGuts]

I would imagine your life would be a lot more fulfilling if you spent less time coming up with silly quips, and more time engaged in meaningful pursuits.

[nopardons]

Oh goody, goody, goody.....by that time I shall be a VERY old lady, indeed. hehehehehehe

Will YOU promise to stop posting to FR, when gold hits 400?

[nopardons]

From a penny stock pushing boiler room operation.

[Petronski]

Exposing goldbuggerring fraud is very meaningful and fulfilling.

Got any salient analysis of the 1978 real estate market you want to post? Send me a ping.

[Mase]

Gold is already telling us something is very wrong,

It's telling us it's finally gotten back to the same level it achieved in 1993?

We as consumers and as a country have gone on a credit binge

Yeah right. Look, our debt to income ratio has climbed a whole half a percent over the past 10 years. We must be doomed.

You'd think that someone as studied in economics as you claim to be would understand that any discussion about debt is meaningless without including assets. Since the credit binge assertion doesn't stand up to scrutiny, tell us again about what's driving those global economic imbalances.

[durasell]

The constant and incredulous drumbeat of impending RE bubble doom is orchestrated to make the President look bad...



Whoa Nelly! The real estate bubble is a plot against the President or there is no real estate bubble?

Either way, I got nothing. Nada. You made my brain lock gears.

[nopardons]

Yeah, yeah, yeah..........is that WHY you ignored my post, wherein I have told you all about the LONDON market, which just fizzled a bit and made a SOFT LANDING?

[GodGunsGuts]

That's the first time you have made sense to me. Petronski is the functional equivalent of Petronski. Brilliant!