The monthly housing market reports I publish each month became bullish late last year due to the relative undervaluation of properties at the time. I was still cautious due to weak demand, excessive shadow inventory, the uncertainty of the duration of the interest rate stimulus, and an overall skepticism of the lending cartel’s ability to manage their liquidations. In 2012, the lending cartel managed to completely shut off the flow of foreclosures on the market, and with ever-declining interest rates, a small uptick in demand coupled with a dramatic reduction in supply caused the housing market to bottom. Even with...
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Bernanke is the modern day mad scientists of printing money.
The US government is now the largest corporation in the world and 90% of real estate loans in the US are backed by the US government. It is nature for any corporation to inflate the price of their assets. Unfortunately, the antitrust law can’t be enforced against US government. Only those poor people who have just elected the leader of this government would never be able to afford a house unless they are squatting in one already.
Terrible/nincumpoop bernanke is meddling and manipulating in the economy, and the price of housing is just one of the ugly insidious Frankenstein monsters he has created. He has no idea what he is doing, nor does he understand the consequences of his actions. He has one goal, to bail out his banker buddies. He repeats this to himself every ten seconds: "bail out my bankers buddies. bail out my ..." How many times and for how long can he totally screw-up things before he is fired and investigated?
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