What is Killing the New US Housing Bubble?


By mbSFBay   Follow   Sun, 15 Sep 2013, 8:32am   349 views   4 comments
In Menlo Park CA 94025   Watch (1)   Share   Quote   Permalink   Like (1)   Dislike  

http://www.theguardian.com/money/us-money-blog/2013/sep/13/high-mortgage-interest-rates-economic-recovery

The banks still drop income requirements and down payments to get more people into high-priced homes. What could possibly go wrong? Photo: Rui Vieira/PA Picture it: a hopeful young couple wants to buy a house. They've been reading stories about a housing recovery, and interest rates are low. They start their search in the late spring. Things start to turn over the summer: as interest rates on 30-year mortgages suddenly rise to 3.5%, 3.7% and then 4%, they start to get discouraged. Eventually, they walk away and keep looking. The housing recovery dies as examples like this happen all over...

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  1. APOCALYPSEFUCKisShostikovitch


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    1   8:49am Sun 15 Sep 2013   Share   Quote   Permalink   Like (1)   Dislike  

    Commie spew from a commie rage.

    Houses are practically Free in the US compared to Westminster. There is no reason a 3/2 in Concord should not be valued at least as high as a comparable manse in Piccadilly.

    Everyone knows that.

  2. mbSFBay


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    2   9:10am Sun 15 Sep 2013   Share   Quote   Permalink   Like (1)   Dislike  

    You will be tried for treason if you don't buy a house at over inflated prices.

  3. P N Dr Lo R


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    3   8:40am Wed 18 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    Maybe it needs to die, sounds like things are trying to get back to normal in spite of all the efforts to prevent it.

  4. freak80


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    4   8:49am Wed 18 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    What new US housing bubble? There is no such thing, at least nationally. Prices have returned to historical averages.

    If the media is talking about a bubble, there isn't one. It's a bubble when everyone is bragging about how they made $200k profit flipping a shack.

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