About BoomAndBustCycle


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In United States
Registered Mar 08, 2012

BoomAndBustCycle's most recent comments:

  • On 15 Apr 2014 in The Housing Recovery That Never Was is Over, BoomAndBustCycle said:

    smaulgld says

    Anyone think home prices nationally will be higher in six-12 months?

    I think maybe higher in 4 months.. ... But then they'll drop like normal in the fall and winter.

    When there are NO sales.. there aren't any comps to lower prices. Catch-22.

    The only reason prices crashed in 2007 with no sales.. was because of foreclosures due to no doc loans and the stock market crashing and people getting laid off stopping pay of their mortgages.

    If we have another Recession and stock market crash.. then sure housing will fall again. But the scenario is very different this time around. The weak hands have been shaken from the tree already. The majority of current homeowners are sitting on plenty of equity or paying a mortgage far below rental-parity.

  • On 15 Apr 2014 in The Housing Recovery That Never Was is Over, BoomAndBustCycle said:

    No way.. No doc loans and Adjustable-Rate Mortgages are going to make a significant comeback.

    Something else is going to cause the next bubble to froth over and pop.. and it's gonna be something like a war or natural disaster. But not no doc loans and ARMS.

    AND once again.. Interest rates are not going to rise if housing pulls back.. rates will fall below 4% soon after. The rates are rigged.

  • On 10 Apr 2014 in Student goes on knife rampage; nobody killed, BoomAndBustCycle said:

    In LA cops just shot a innocent man fleeing an apartment building where he was being attacked by a crazy guy with a knife. Cops thought he was the bad guy and shot the unarmed victim fleeing the apt building.

    If trained officers cannot shoot the right people consistently... Then how is arming a school or the public NOT going to cause a ridiculous increase in "accidently" shooting the wrong person. Or aiming and missing the person you meant to shoot!

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