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bubblesitter
@
2012 Oct 12, 9:14am
Well,all I know this debt boom is gonna hurt USA for a while...Booms happens out of phantom money - Money that does not exist. Hence the painful down fall when people do not have enough resources to pay it back.
taxee
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2012 Oct 12, 9:22am
Need a fresh patsies and commissions boom but the unborn have all been allocated already. What's a banker to do!?
Raw
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2012 Oct 12, 9:24am
The real estate boom that has only just begun cannot be classified as having a phantom money base. Most of the buyers are paying real cash or high down payments. This is a very healthy foundation to spring from.
We lose from a housing crash not a housing boom,
what were the consequences of the home price inflation (boom) of late 80s, and most recently.. Hello where have you been... Why do you think we are loosing mfg and R&D jobs in places like SF Bay Area.
As Robert Shiller has proven, Home prices over the long run barely keep up with inflation. The further you get ahead of that normal trend the worse the correction.
Raw
@
2012 Oct 12, 2:55pm
We lose from a housing crash not a housing boom,
what were the consequences of the home price inflation (boom) of late 80s, and most recently.. Hello where have you been...
In the late 1980's home prices increased 70% and then declined 25% for 7 years. It did not happen all over america.
Why do you think we are loosing mfg and R&D jobs in places like SF Bay Area.
Because we cannot compete with China who is the world's lowest cost manufacturer. Let them make toys, and let us make jumbo jets. When we trade everyone is better off.
As Robert Shiller has proven, Home prices over the long run barely keep up with inflation. The further you get ahead of that normal trend the worse the correction.
Where does he say that? California home prices outpace inflation by a wide margin.
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The real boom is yet to come folks.
http://www.cnbc.com/id/49388470
#housing