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housing prices peak 2


               
2022 Apr 29, 9:29pm   840,368 views  7,323 comments

by AD   follow (0)  

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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7320   RWSGFY   2026 Jan 9, 4:14pm  

FortWayneHatesRealtors says

He’s buying mortgages, that’s QE, buying bad debt at full price. He’s buying shitty mortgages that are going to default. That’s bail out. Otherwise things start crashing.

He’s rescuing asset prices. We can’t keep doing this, it’s become a permanent bailout. Money printer now spikes annually to keep that crap afloat.


He's a realtard, he can't help it, LOL.
7321   MolotovCocktail   2026 Jan 9, 6:30pm  

Misc says

Higher rates haven't decreased home prices on a national level for almost going on 4 years.



7322   The_Deplorable   2026 Jan 10, 12:42am  

Misc says
"Higher rates haven't decreased home prices on a national level for almost going on 4 years."

That is because the housing market is a monopoly. Something like 90% plus of the houses in the USA are owned by six financial companies.
There is no supply and demand in the housing market.
7323   Glock-n-Load   2026 Jan 10, 6:02am  

The_Deplorable says

Misc says

"Higher rates haven't decreased home prices on a national level for almost going on 4 years."

That is because the housing market is a monopoly. Something like 90% plus of the houses in the USA are owned by six financial companies.
There is no supply and demand in the housing market.

Why do you keep saying 90% of houses are owned by 6 financial companies? 40% owned free and clear alone.

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