This type of reporting is not what is required right now, in my personal opinion. Especially if you own real estate in the one of 53 metopolitan areas where housing is "extremely overvauled." Read more about Bubbles? What are they teaching today in the nation's best college journalism programs?
Oh, well, not for me to worry, anyway. I'm just a geezer living in Oregon and nobody listens to me anyway.
I'm sure you be interested in this.
So instead of balance reporting, we need run-for-the-hiils, the-sky-is-falling, fear-mongering, end-of-the-world type reporting?
I wish that I could find a house to buy that had a decent price to it.
Actually the whole "bubble" foolishness burst with Katrina - housing demand is now ever higher.
DIMS: "We will talk down this BUSH economy no matter what..."
New house, or tank of gas? New house, or tank of gas? Tough to choose.
Housing bubbles HISS, they don't burst.
"I'm just a geezer living in Oregon and nobody listens to me anyway."
Ever hear of a stopped clock....
Between this and my earlier predictions on oil prices (that they'd go down when Goldman Sachs said they'd go up), I think I should apply for the title of prophet.
Good. Maybe my family will be able to get out of our starter home after 11 years.
It would be interesting to learn what the impact of Katrian is on this Housing Bubble ...
Sell Mortimer!!
Ug. You have it all wrong geezer, the housing market is unlimited, paying 50 times the value is normal and also "a good investment". The market can only go up, there is an unlimited number of people willing and able to buy $100,000 homes for $800,000.....just look at FR. No bubble here, I'm going out to buy a shanty in California as we type, some bonehead will pay a cool half million, just because the realtor's say so......
Why do we keep reading the same regurgitated quotes, quips and "facts". It's like one default "bubble" article which has the sentences rearranged in random order, and republished. I don't care what anyone thinks about the subject, but can we please just have some original research or reportage on the real estate market?
Where are the 53 overpriced metropolitan areas?
There is a cognitive dissonance involved with Conservatives who don't want to see the end of the housing boom and all that it may entail politically.
Better said, now is a good time to sell!
A week ago Wednesday, there were 3000 homes for sale in Baton Rouge. Every one of them sold by Friday last week. People there are now accepting offers $10,000 higher than their listing price -- something totally unknown there. Baton Rouge used to be one of the places where you could get a good-quality sub $90,000 3/2/2 house. Not anymore.
This looks interesting: http://scoop.agonist.org/story/2005/9/14/201912/760