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The Housing Bubble in 4 Easy Steps
Mises Institute ^
| September 28, 2008
| Mark Thornton
Posted on 09/28/2008 9:45:23 AM PDT by djsherin
1. The Federal Reserve cut interest rates to as low as 1% so that after inflation we had negative interest rates.
(Excerpt) Read more at mises.org ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 110th; banking; congress; credit; easymoney; economy; federalreserve; homes; housing; housingbubble; housingcrisis; interestrates; loosemoney; money
1
posted on
09/28/2008 9:45:25 AM PDT
by
djsherin
To: rabscuttle385
2
posted on
09/28/2008 9:46:41 AM PDT
by
djsherin
To: djsherin
3
posted on
09/28/2008 10:05:48 AM PDT
by
Son House
(Palin, Has The Left Press Wailing! [MSNBC, ABC, CBS, CNN, New York Times,...])
To: djsherin
I think the current inventory of unsold homes is about 10 million, with many owner home removed from the market, but the good news is that developers are still building new subdivisions and with the bailout more new unsold homes can be built and the new bubble for the new bailout started.
4
posted on
09/28/2008 10:09:26 AM PDT
by
org.whodat
(Republicans should support the SAM Walton business model, and then drill???)
To: djsherin
Click on the roller coaster ride link. Pretty sobering.
5
posted on
09/28/2008 10:12:46 AM PDT
by
444Flyer
(Marriage=1 man+1 woman! Vote "YES" on Prop 8, amend the Calif. State Constitution this November.)
To: org.whodat
I’m looking forward to it.
6
posted on
09/28/2008 10:16:14 AM PDT
by
djsherin
(The federal government: Because your life isn't screwed up enough!)
To: djsherin
That house prices roller-coaster was interesting at the link. The rise from '98 to '05 was quite a climb.
Seems the money invested in real estate during this period has simply vaporized during the correction in prices.
It's as if millions of people went to their local Indian Casino and plunked most of their equity (for some, all) on red, and it landed on black. All this value simply vanished.
7
posted on
09/28/2008 10:17:02 AM PDT
by
budwiesest
(I lived in Alaska, and I approve of this message.)
To: djsherin
Elegant post. Simple, clear.
Thank you.
8
posted on
09/28/2008 10:19:05 AM PDT
by
Humble Servant
(SOYLENT GREEN IS PEOPLE!!!)
To: Humble Servant
Your welcome. Did you check out the roller coaster thing. I had seen that before, but a lot of people don’t realize how high home prices had risen.
9
posted on
09/28/2008 10:21:00 AM PDT
by
djsherin
(The federal government: Because your life isn't screwed up enough!)
To: org.whodat
Actually, after the government pays for all of the homes they will be given the most deserving people by the Obama administration.
10
posted on
09/28/2008 10:22:10 AM PDT
by
ANGGAPO
(Layte Gulf Beach Club)
To: djsherin
11
posted on
09/28/2008 10:22:54 AM PDT
by
dr_who
To: djsherin
Does anyone have a link to a chart form of the Home Prices, 1890-Present data?
12
posted on
09/28/2008 10:23:57 AM PDT
by
dr_who
To: dr_who
13
posted on
09/28/2008 10:28:35 AM PDT
by
djsherin
(The federal government: Because your life isn't screwed up enough!)
Comment #14 Removed by Moderator
To: org.whodat
The American Way . . . paved with greed.
15
posted on
09/28/2008 10:37:30 AM PDT
by
HighlyOpinionated
(NO $700 Billion Fiasco Financial Fix for Paulson, Bernanke, Etc, to walk away with OUR money!)
To: org.whodat
Not here in Boise. I know builders, framers, plumbers that are having to try and sell their own homes just to survive.
16
posted on
09/28/2008 10:55:01 AM PDT
by
MarkeyD
(Not In My Name! Palin turned me. McCain turned me off. McCain, get busy or I'm out.)
To: djsherin
Thanks. I wonder where home prices will land (or possibly crater).
17
posted on
09/28/2008 11:21:09 AM PDT
by
dr_who
To: PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; dervish; ...
Thanks to
djsherin for the ping!
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18
posted on
09/28/2008 12:36:05 PM PDT
by
rabscuttle385
(No to bailouts, no to amnesty, no to carbon credits, no to Big Government!)
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