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The Housing Bubble Still Has More Hot Air To Deflate

By Bubbabear   Follow   Thu, 20 Dec 2012, 6:03am PST   455 views   2 comments
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Of President Obama and the Democrats’ many refrains that irk me to no end, the incessant iterations of “we need to further regulate big finance and kill the Bush tax cuts in order to avoid the policies that got us here in the first place” are among the worst.

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bmwman91   Thu, 20 Dec 2012, 6:29am PST   Share   Quote   Permalink   Like   Dislike     Comment 1

You are missing the part where it is currently getting jammed full of a lot more hot air. It's going to blow real big before it deflates again.

Bubbabear   Thu, 20 Dec 2012, 11:10am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 2

bmwman91 says

jammed full of a lot more hot air.

"I have never seen a market where over half of the buyers paid cash and over 1/3 of the sales were financed via the FHA, leaving only 14% of sales in the "other" category.
"Wait a while. This puppy ain't even begun to pee all over the carpet.

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