True. As a real estate agent for 27 years I recall when the chief economist for the National Association of Realtors said in 2006 that "the housing bottom was in". I've never been "flabbergasted" in my life. But I was then. I remember it clearly. I was losing income too as I personally warned buyers (from buying) and Sellers (from listing too high and being trapped in a collapsed bubble). I thought I was being heroic. Who cared? 'There were no 'Thank you's'
The prior housing bust was the fruit of by liar loans, federal pressure on lenders to lend to minorities (who individually might have been risky borrowers) and other clever pressures and mortgage products, combined with stagnant wages, all for the Progressive ideal of creating a Progressive inspired new economy.
Now we still have stagnant wages and an arrogantly clever Fed. And here again it doesn't matter how much I wave my arms with warning anxiety; people continue to buy homes even in the face of serious economic headwinds.
Now's the time to rent. To save money and be liquid-quick, and consider what you might buy to save your wealth when the pensions dependent stock market's brittle bones begin to crack. What to buy then? Ammo? Silver? Producing agriculture land? A cabin on the SE Alaska coast? Certainly not bonds. This time WILL be worse. But what do I know?
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Wall Street Journal Prints Housing Whoppers As The Housing Industry PR Firm It Actually Is
True. As a real estate agent for 27 years I recall when the chief economist for the National Association of Realtors said in 2006 that "the housing bottom was in". I've never been "flabbergasted" in my life. But I was then. I remember it clearly. I was losing income too as I personally warned buyers (from buying) and Sellers (from listing too high and being trapped in a collapsed bubble). I thought I was being heroic. Who cared? 'There were no 'Thank you's' The prior housing bust was the fruit of by liar loans, federal pressure on lenders to lend to minorities (who individually might have been risky borrowers) and other clever pressures and mortgage products, combined with stagnant wages, all for the Progressive ideal of creating a Progressive inspired new economy. Now we still have stagnant wages and an arrogantly clever Fed. And here again it doesn't matter how much I wave my arms with warning anxiety; people continue to buy homes even in the face of serious economic headwinds. Now's the time to rent. To save money and be liquid-quick, and consider what you might buy to save your wealth when the pensions dependent stock market's brittle bones begin to crack. What to buy then? Ammo? Silver? Producing agriculture land? A cabin on the SE Alaska coast? Certainly not bonds. This time WILL be worse. But what do I know?