Executive Summary One of several known triggers from within one of the several current economic bubbles will cause a particular submarket to collapse, which will threaten all markets by causing a panic, and most likely cause a painful collapse of… Read More ›
Posts regarding the current housing market, how the bubble formed, how it burst and where it’s going from here.
Uh oh. While The Fed mystifies you with one hand with their prestidigitation of distraction, keeping you focused on the “important” things like inflation and interest rates…the Central Banks of the world are repatriating their physical gold stocks from all… Read More ›
The Government says we’re smart enough to vote, but when it comes to deciding whether to wear a helmet or a seat belt, buy a house or rent, use this broker or that broker, smoke cigarettes or not smoke…all of… Read More ›
I had a different post planned for today, but my in-box this morning had an email from my buddy Clark Kent that contained an incredible…and I mean incredible article, that I had to post this morning instead. And yes, he… Read More ›
Economic Update – Government spends $13T to save $2T while food at your grocery store is getting smaller & recession moves back in like a bad roomate who wants to borrow your deodorant…
As I stated in my post on June 19th, a little over six weeks ago, “…the next Great Recession locomotive that is picking up speed would never have existed, but because of The Fed, it’s on its way, running full… Read More ›
King Obama is now your landlord – Big Government acquires millions of foreclosed homes & converts them to rentals – Prices to remain high and unaffordable as a result
It hasn’t happened just yet, but Obama is seriously considering assuming federal control of private property foreclosures and renting them out as reported in the Wall Street Journal. Today’s post headline may be coming to a newspaper near you very… Read More ›
Back in late 2009, I did a post on what I felt was a bull trap in the housing market and advised buyers to wait until the bull trap had completed its cycle and look for the arrival of the… Read More ›
The current housing market’s dirty little secret…who are the buyers? You may be surprised to know who they are, and more suprised to know who they ain’t.
Yes. I know ain’t isn’t a word. Over the years on this blog I’ve listed time and again the many obstacles the housing market faces and how each will lend a hand in providing the downward price correction we so… Read More ›
June housing update & how every time you fill up at the gas station, you are bailing out the banks and people in foreclosure.
As I’ve said in many posts before, it’s still not a time to buy. Here’s why… Resistant Sellers These sellers are; not aware the market has crashed and continues to decline, are in denial that they owe more than their… Read More ›
This summary section is my prediction for the best window of opportunity for home buying for those who have been waiting patiently on the sidelines renting. This is not a suggestion for cash-flow investment properties, it is only an opinion… Read More ›
2011 Economic Report: $5 gas, no jobs, no growth, more recession, falling home prices…and now, brace yourself for runaway inflation.
Sorry for the long post but I can’t explain it any shorter and I don’t want to break it into pieces…that said, this is important. It is the canary in the coal mine. On The Peter Schiff Show last week,… Read More ›
Irvine, which has decided it’s never a bad time to build new homes no matter how much prices are dropping, has several new housing developments under construction. Not surprisingly, when I visited one of their new model homes this summer,… Read More ›
Not one house over $750,000 was sold in July…or June…in the entire United States. And only 1,000 homes in the entire country above $500,000 were sold last month. The housing market has finally fallen through the ice. I did a… Read More ›