Comments on: Foreclosure Buying By Wall Street Providing Hot Air For New Housing Bubble

By: nihal bhat

nihal bhat — Sat, 02 Feb 2013 08:37:17 +0000

its another bubble confirmed. as large as the previous one, although different participants, as the consumer is still bloody broke from the last bubble.

this time is both stock market rise and housing rise simultaneous all at once…. and they are feeding off each other like the massive bubble it is….its clearly not a normal real estate market with little liquidity, with most of the supply held by distressed borrowers and shadow inventory..

By: I will not burn my hands

I will not burn my hands — Thu, 31 Jan 2013 23:06:24 +0000

This will become a totally disaster, within some years this bubble will explode and new lows will unfold.
To be honestly, i am watching one particular market which is the south florida market.
In the end of 2011 it was still possible to get a 2000sqf property on a decent location (recently build)
for approximately $100.000, now same houses, same location but build in the 80s would already cost $200.000. In one year this doubled in the particular area. This is the beginning of a new debacle.
Contractors say they have much more work, new houses can booming in 2013.

But the nations overall economy is still weak, wages are low and people are not sure to keep their jobs on the long terms, still many of them are under water. This is gonna be massive.
They didn’t learnt anything at all, people gonna loose bags of money again.

Sorry for the bad English

By: Jon Kolsky

Jon Kolsky — Tue, 22 Jan 2013 21:09:22 +0000

Donna~ fantastic article thanks for sharing it….

By: Donna S. Robinson

Donna S. Robinson — Tue, 22 Jan 2013 19:33:10 +0000

totally agreed. The mainstream media is the last place to get any accurate info about the condition of the housing market.
There are no intentions to actually correct the problems, on either side of the aisle. Everyone is merely working to keep the game going.

Donna

By: Donna S. Robinson

Donna S. Robinson — Tue, 22 Jan 2013 19:30:38 +0000

Hi Gary, I greatly appreciate receiving a comment like yours from a professional with 50 years of industry experience!

Donna

By: American

American — Tue, 22 Jan 2013 16:50:34 +0000

The modern liberal media will call this proof of recovery and praise Obama for it. The lemmings will celebrate. We learn nothing. We progress nowhere.

By: Gary Crabtree

Gary Crabtree — Tue, 22 Jan 2013 01:44:06 +0000

Very interest hypothesis and very believable. Having been appraising for over 50 years and been through numerous micro and macro bubbles, it makes perfect sense to me. Our market is exactly as you describe with investors lapping up 55% of the foreclosures and 35% of all sales through MLS. We have a severe shortgage 0.4% of homes listed and pricing that has jumped 17% in two months. I smell a “bubble”.