Why do people deny the existence of housing bubbles?
invite response
2005 Jul 16, 10:29am 12,209 views 83 comments
« First « Previous Comments 73 - 83 of 83 Search these comments
SactoQt, have you tried housingmaps.com?
No I haven't, but I'll be sure to look at it now.
I noticed you put up a new post. But I'm still a student of topics like inflation vs. deflation. Are there any good sites that give a good explaination of the difference and how the housing market and oil prices affect them.
Peter P
2005 Jul 16, 5:20pm
SactoQt, we are all students of the subject. :)
The argument about inflation or deflation is almost as heated as the one about whether there is a housing bubble.
This url has some interesting arguments
but we need to use our own judgement, as usual.
Please do suggest idea for posts through, we can have several active threads at the same time.
Good God.
Leave this blog for one day and look what happens! Unreal....
Just got home & just checked in for the heck of it. Ended up spending 30 mins just to read/absorb it all.
Let's see if I got it all:
--Brand-new thread gets 200+ posts in under 5 hours (TWIT's right --gotta be a new Patrick.net record).
--Insulting, arrogant braggart called "MarinaPrime" takes over Face Reality's old job (Actually that's not fair to Face --he often used facts and reasoning to support his arguments. He/she/it is less coherent than Face was at his WORST).
--MP manages to insult/attack/alienate virtually everyone on the blog, including JACK, who's now DEFENDING THE POSSE !! ...Wow.
--MP earns TWO nicknames in less than an hour ("Marinara" and "Sauce" --btw, nice one Jack!)
--Jack & the Posse "speculate" on the identity/gender of MP, pretty much rule out Face or Fake P, then wonder if it's ME posing as an Alpha-Bull. (Sorry to disappoint, folks, but no. Not a bad idea, though... hmmm... file that one under Future Consideration).
--Surfer-X is a total no-show, at precisely the time when his acid rhetoric/put-downs are most needed (to bitch-slap MP).
--Peter ends the night by starting two more threads.
Wow, quite a night here in BubbleblogLand. Can't wait to see what happens tomorrow.
C'ya!
Correction --Surfer-X got in one brief swipe at Sauce on the other thread (still reading).
Peter P
2005 Jul 17, 5:48pm
People that deny bubbles either (1) Own property and bubble reality hurts to much to think about, (2) Never seen or have been affected by a major buuble, (3) The old “people have been saying this for 30 years†argument.
I think (3) is quite understandable. However, talking about the bubble does not prevent its occurance. (Unlike the Y2K problam - focused efforts prevented the problem.)
bubblesitter
2012 Jun 19, 1:26am
Why do people deny the existence of housing bubbles?
People those deny are the couch potatoes - relaxing on their butts and calculating(dreaming!) 20% YOY home price appreciation. This is completely against basic laws of economics,making money while doing nothing.
Dan8267
2012 Jun 20, 4:00am
It's not that they don't believe the bubble is real. It's that they think they can convince a fool that it isn't and get the fool to pay much more for their house than its worth. When money is on the line, the truth goes out the window.
« First « Previous Comments 73 - 83 of 83 Search these comments
Some people deny that housing bubbles exist. Some even suggest that the recent appreciation is sustainable.
Are the consequences too scary to fathom? Are they just blinded by greed and fear? Do they even have the right information?
#housing