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TMAC54
2012 Jun 17, 12:15pm
I think it is called
The truth is easily hidden when you control the media.
SAVE THE BANKS OR SAVE THE HOME OWNERS ?
What did they decide to do ?
marcus
2012 Jun 17, 12:59pm
SAVE THE BANKS OR SAVE THE HOME OWNERS ?
What did they decide to do ?
How might they have saved the homeowners who had paid way too much, while also keeping the concept of home ownership viable for future homeowners.
I don't think that was possible. I'm not defending their bailing out the banks, and maybe that's what you mean. To be fair, both the the banks and the people who
bought into the bubble should have been screwed. After all the banks were enabling and profiting from those bad purchase decisions.
TheBubbleBubble
2012 Jun 17, 1:29pm
The truth is that nothing has bottomed.... yet. You'll know it's the bottom when every JoeSixPack proclaims housing is a horrible investment. Not a minute sooner.
We're no where near that point.
Yes, I agree - I still believe that many parts of the U.S. are wildly inflated and downright bubbly. These record low mortgage rates are cushioning the popping of the housing bubble, but I wouldn't rely on them staying so low forever!
TheBubbleBubble
2012 Jun 17, 1:45pm
APOCALYPSEFUCK is Shostakovich says
All the industry in the universe has been sucked into the Chinese slave state where labor is free.
The only thing left for ROW is speculating real estate.
Cannibal anarchy is imminent.
Right - inflating credit and real estate bubbles seems to be the only way that people "create" economic growth in recent years.
After the cataclysmic mid-2000s housing bubbles in the U.S. and European PIIGS nations, one would think that the world would never allow another housing bubble to rear its ugly head again. Unfortunately, this thinking is completely wrong. Since 2008, the world has openly embraced new housing bubbles with astounding vigor in complete defiance of all lessons taught by the Global Financial Crisis. A series of new housing bubbles have inflated in practically every country outside of deflation-prone Japan, the U.S. and PIIGS nations – I call this bubble “The Post-2009 Global Housing Bubble.â€
http://www.stock-market-crash.net/housing-bubble/
Any thoughts on this matter? Nobody seems to be talking much about this pan-country bubble and I find it rather eerie.
TBB
#housing