muses of the moment

August 14, 2013

US Housing Market

Filed under: Good Debt Bad Debt, Housing Market, The Banking Crisis, The Federal Reserve, Unemployment — totallygroovygirlfriday @ 11:58 am

Maybe this has something to do with that real stat of 23% unemployment? Mortgage apps down for 12th week in a row. Click here.

There are only so many cash buyers and hedge funds to buy up the slack to turn into rentals. More Fed easing!

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2 Comments »

  1. This is why Real Estate will be crushed. According to Armstrong’s models, Real Estate to peak in 2015 and then crash to 1955 levels by 2033. That being siad, NO real estate investment is going to appreciate for an 18 year period. I’ll be 71 then, so I’m not worried but those buying now will get crushed and will lose their homes. What to do then ? Have items of value in the new economy that will allow you to buy at a price that you can comfortably live with. Seems like housing will come back down to manageeable levels … the jobs market will eventually get better, but my guess is that it will go back to more manufacturing jobs. Hey, things do operate in a cycle!

    Comment by mikephila — August 14, 2013 @ 5:41 pm

  2. Some words of wisdom from Robert Kiyosaki on usawatchdog.com –
    http://usawatchdog.com/rich-dad-poor-dad-author-robert-kiyosaki-i-do-trust-gold/

    Comment by sw — August 15, 2013 @ 9:47 pm


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