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The Masked Tulip

Bubble, Bubble -- Then Trouble

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Nice comments

This is just the start of the bloodbath to come. First the real investors leave, then the speculators catch on, and start running for the exits. The problem is, not everyone can run at once without a market meltdown. For those who hope to hold on but were one of the suckers that bought an interest-only loan (or worse a negatively amortizing optionARM) their investment was pretty much counting on higher prices in two years. What exactly do these people plan to do when their loan adjusts, and goes up 50% to 100%, when prices are down 10% to 20%? They will get hammered in foreclosure. The market has a long way to go down since 40% of the loans were interest-only this year, and they are going to adjust upward, with no place to run. Stupid greedy people got what they deserved in the NASDAQ bubble, and they will get it again in the housing bubble.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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