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2020-2025 Housing Prices any guesses?
2011 Aug 21, 3:40pm 24,225 views 118 comments
by LAO follow (0)
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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