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: Les H who wrote (22662)8/1/2004 2:21:13 PM
From: Proud DeplorableRead Replies (2) of 306849
 
Exactly and this is why it will burst and in fact IS bursting. It has nothing whatsoever to do with supply and demand. The fact is that realtors themselves and other speculators have driven the prices up backed with a loud propaganda campaign aimed at bankrupting the young people in the world, tricking them into buying at obscene prices.

Greed is getting worse. This happened just before the dot.com bubble burst. The real estate (housing) market now, in most major centers is nothing more than a casino that has attracted all the speculators that got burned in the tech wreck and more. It's a fever and a fever either kills the patient or it breaks.

BTW the last time the BOE raised interest rates they gave as its reason, to cool off the housing market. This happened in Australia and New Zealand also. If the worldwide governments themselves (except the whores in Washington) are trying to kill the housing bubble than what idiot would not sell their specs?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News