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Saving For a Space Ship

The Most Splendid Housing Bubbles in America Deflate Further

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The Most Splendid Housing Bubbles in America Deflate Further

https://wolfstreet.com/2019/03/26/the-most-splendid-housing-bubbles-in-america-deflate-further/

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San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York condos, even Boston decline. Dallas ticks up...

 

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Interesting to see a lot of the sentiments expressed here echoed by Americans in the comments section.  Also I noticed that generally the comments by what appeared to be owner occupiers and renters were looking at the big picture and fairness, as well as their own situation.
Comments that appeared to be by real estate agents and landlords are mostly self centred, market based assessments of how they've gained wealth and/or how they can gain more (or hold on what they have).

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8 minutes ago, Captain Kirk said:

The Fed is already easing again so expect housing bubble 3.0.

This won't end until the central banks are stopped IMHO.

 

Nope.

Feds paused.

Ive bet money the Fed will slightly raise at end of year.

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Some shocking increases since 2013...

from the comments...

"With house prices running 10X to 20X the typical worker’s annual salary, owning a home is nearly impossible for most first time buyers. You want a place to live? Black Rock will rent you a place… for a price heh heh.

We live in a two tier society: the haves (the investor class) and the have not’s (those who earn a paycheck through hard work)."

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20 hours ago, PeanutButter said:

I'm wondering how the US, with an effective property tax system, still experiences bubbles the same as we do?

http://www.tax-rates.org/taxtables/property-tax-by-state

 

The Federal Reserve plays the biggest role in creating bubbles. It has a history of suppressing interest rates to 'stimulate' the economy, creating a bubble, then trying to raise rates popping the bubble.

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2 hours ago, Saving For a Space Ship said:

There is a counterpart article to “The Most Splendid Housing Bubbles in America,” from the same author 

And the Less-Splendid Housing Bubbles & Crushed Markets in America?

https://wolfstreet.com/2019/03/28/the-less-splendid-housing-bubbles-and-crushed-markets-in-america/

Looking at the charts, one could argue that Housing Bubble 3.0 is going to be huge.

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  • 294 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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