SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doughboy who wrote (14854)11/6/2003 6:04:41 AM
From: russwinterRead Replies (2) of 306849
 
There is no question that the housing market hit the sweet spot as a result of the great reflation of the first two quarters. Virtuous cycle? Of course I'm arguing it's the end of a historic monster cycle ,and have a whole tread devoted to that notion. I'd invite you to familiarize yourself with the counterview, as intelligent bubbleleons are welcome there:
Subject 54034

In the very short run, take note that other CBs around the world are moving to counter runaway credit growth and housing bubbles (asset inflation). I don't think you can really argue that this California mania is caused by "good economic conditions".
car.org
Instead it's caused by cheap interest rates, leverage, speculation (now a mania), and lax banking standards. Nothing normal or healthy about it at all.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext