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For the U.S. housing market, it’s déjà vu all over again

By Patrick   2012 Nov 15, 2:45pm   980 views   2 comments   watch (0)   quote

Let me begin by clarifying that, when it comes to speculating in the housing market, I have no dog in the fight; Having recently completed my third home purchase in 10 years, I have sworn off this costly and largely anticlimactic practice forevermore. That said, I am of the opinion that everyone and their mother should be extra cautious when dabbling in real estate these days. Look around, and its clear weve been here before. And the results werent pretty the first time. For starters, the market is clearly kicking into a higher gear. Yes, the U.S. housing sector has...


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1   bmwman91     2012 Nov 15, 4:33pm  ↑ like (2)   ↓ dislike   quote    


2   uomo_senza_nome     2012 Nov 15, 6:31pm  ↑ like (1)   ↓ dislike (1)   quote    

bmwman91 says


To the extent that home prices begin to rise, consumers will feel wealthier, they'll feel more -- more disposed to spend. If house prices are rising, people may be more willing to buy homes because they think that they'll, you know, make a better return on that purchase. So house prices is one vehicle. - Bernanke, 2012.

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