HereWeGoAgain
Diamond Member
Housing confidence hits record high as home prices skyrocketwhen does it start TRICKLING down?
good----but not actually trickled down ENOUGH------not everyone owns a home.
Uhm...... I have a sense that the strong housing markets is going to lead to
that which caused the BUST of the 70s. ------lots of mortgages, lots of
foreclosures, lots of abandoned properties, lots of squatting-----A REAL MESS
Housing confidence hits record high as home prices skyrocketwhen does it start TRICKLING down?
Hmmmm....how did it turn out the last time housing prices skyrocketed?
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mortgage rates dropped-----mortgages were granted "willy-nilly"----people
defaulted-----banks got overloaded with PROPERTY----property taxes were
unpaid-----homeless people lined the gutters----property owners fled deteriorating
areas-----BIG MESS. In several big cities------New York City is one
You find It "funny" "heregoesagain" It was TRAGIC ------ you enjoy people dying
of hypothermia in the gutters? You enjoy homeless desperate people turned criminal?
I'm laughing because dems caused the last housing bubble crash by insisting fannie mae and freddie mac were doing just fine.