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2020-2025 Housing Prices any guesses?
invite response
2011 Aug 21, 3:40pm 23,279 views 118 comments
by LAO ➕follow (0) 💰tip ignore
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. Even in very poor parts of the world, a reasonable house with land costs FAR MORE than in most US cities. visit Shanghai, Bangkok, Manila or Mexico city for comparison sake.
Smaller cities do attract industries and business, because they are more competitive.. as Arizona has from Silicon Valley.
Overall, Japan and German didnt skyrocket like many others... they already had their bubble in the 80s and 90s.
taxee
2012 Sep 4, 12:05pm
In our new system one guy can push a button and grab a trillion dollars worth of mortgages/deeds just because he can.
See Sarbanes Oxley... Segregation of Duties, Internal Control over Financial transaction and IT access... but sometimes it happens.. rare, unauthorized, and will be caught/prosecuted.
I don't see any indication that the fed will be prosecuted any time soon.
taxee
2012 Sep 4, 12:09pm
Things seem to be working quite well for them. The fed are fine, the hungry get food stamps. What could possibly go wrong?
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I've read some predictions that we wont reach 2006 bubble prices again in Los Angeles until 2024... Others are less optimistic and see prices heading back to mid-1990s prices and staying there until 2025. Which would mean we would have 30 years of ZERO housing appreciation from 1995-2025.
What types of effect on our society would 30 years of zero housing appreciation have? We just had a decade of zero stock market gains and are very close to a decade of zero gains in the housing market. What new policies, changes in tax system, green energy industrial revolution can jumpstart the economy... ?
#housing