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Politics : View from the Center and Left

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To: Steve Lokness who wrote (241317)	1/5/2014 2:45:33 PM
From: John Vosilla	Read Replies (1) of 541033

Home prices have hit new highs in many submarkets of the largest cities of the west coast and NE. Manhattan, Silicon Valley, Beverly Hills, Back Bay, Georgetown ect.....Leading edge for the rest of us.. Predictions this year from whom? I was there with Bentway thought we were in a massive bubble 2005-06 that would crash, I stated it bottomed in the ground zero markets five years ago, Bernanke and QE bailed out the wealthy thus never fell as much as those markets should have so we have been on the run upward since 2010..More and more WS money the past two years buying all they could took most all the shadow inventory off the market. Some areas of course lag as RE is local and the WS mafia can't be everywhere distorting markets but the continued trend is up and that is not necessarily a good thing when prices far exceed incomes and the only way into the game for first time buyers to keep the ponzi scheme going is more financial shenanigans..

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