The Housing Bubble Still Has More Hot Air To Deflate

By Bubbabeefcake   follow   Thu, 20 Dec 2012, 6:03am PST   ↑ Like   ↓ Dislike (1)   540 views   2 comments   Watch (0)   Share   Quote  

http://hotair.com/archives/2012/11/19/yikes-the-federal-housing-administration-isnt-looking-too-good-is-it/

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.

#housing

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bmwman91   befriend (7)   ignore (1)   Thu, 20 Dec 2012, 6:29am PST   Like   Dislike     Share   Quote   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.

Bubbabeefcake   befriend (8)   ignore (4)   Thu, 20 Dec 2012, 11:10am PST   Like (2)   Dislike     Share   Quote   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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