Signs of the Real Estate Bubble Apocalypse

[boedicca]

Fed monetary policy is fueling another real estate bubble, which will inevitably burst, and destroy much middle class real and paper wealth.

One sign of the pending Apocalypse is that real estate agents are once again knocking on the door or sending personalized letters saying they have clients who want to buy our house. The last time this started to happen, the bubble burst within 18 months.

Methinks this time will be sooner.

 

[Mr. H.]

Let 'em make you an offer. You can always turn it down.

 

[SteadyMercury]

fueling another real estate bubble, which will inevitably burst

When?

Surely you an do better than the talking heads or constantly predict something crashing around the corner until they get it right. When shall we expect this crash? Or so you mean sometime between now and eternity?

 

[Trajan]

prices are up again around Berkeley, lots of houses coming back on the market and most at par with what they paid 4-5 years ago, so yes, its starting to ramp up again...

 

[Toro]

There is no bubble. Real estate is cheap, at least nationally.

 

[iamwhatiseem]

There is no bubble. Real estate is cheap, at least nationally.

Real Estate is cheap here in Indiana, way-way down from pre-crash.
There is a fair amount of buying and selling on the residential side - but extraordinary low activity on the commercial side, you cannot give away commercial real estate today.

 

[Toro]

There is no bubble. Real estate is cheap, at least nationally.

Real Estate is cheap here in Indiana, way-way down from pre-crash.
There is a fair amount of buying and selling on the residential side - but extraordinary low activity on the commercial side, you cannot give away commercial real estate today.

We're buying commercial real estate in a big way.

If it's not core in a gateway city, i.e. office buildings in Manhattan, SF, etc., it's being ignored.

 

[Trajan]

There is no bubble. Real estate is cheap, at least nationally.

well, the crash occurred differently depending on the market, or that is differently as to % equity gained during the last bubble, in Berkeley/Rockland houses are back on market pretty close to those 07 highs.....and there is some buying, if the case is as it seems your alluding that this is not another bubble then in affect the new normal is at the 07 inflated highs?

I see it as those folks selling , getting out from under their mistakes and walking away at par ( well not really since they have lived their at inflated mortgage/cost price for 3-4 years) but realizing that they will never realize any real + equity, even at term.

 

[Dugdale_Jukes]

Fed monetary policy is fueling another real estate bubble, which will inevitably burst, and destroy much middle class real and paper wealth.

One sign of the pending Apocalypse is that real estate agents are once again knocking on the door or sending personalized letters saying they have clients who want to buy our house. The last time this started to happen, the bubble burst within 18 months.

Methinks this time will be sooner.

Can anyone be this unaware? Or maybe it is just that some agency was desperate enough to cover your neighborhood? There has not EVER been a time since the invention of the selectrics typewriter some RE agents didn't send personalized letters.

There is no question real estate is over priced. It has been since the early 1990s. But wild-eyed claims that something that has never stopped presages the end of the uptick is pretty funny stuff.

Moving on...

Thanks for your third or fourth neg in record time, Miss Wide Load Stalker. You and Ern and the other tubotrons working together to dog pack people who don't pay tribute are disgracing the UMBC boards. You dog packers have discredited the rep system running up your scores to levels no aware human could possibly believe, at least based on the strength of your posts.

Losers attempting to bully winners with fantasy value systems tickle the hell out of me.
What happened to the young little miss piggy that she got into this sort of sick, twisted mindset?
Want to talk about it?

 

[Toro]

Not a bubble

 

[Toro]

Running the Numbers: 41%

That’s how much cheaper it is nationally to buy a home rather than rent, according to research by Trulia Trends. That's some welcome news for homeowners who've endured a protracted season of low valuations and high debt.

Running the Numbers: 41% - Bloomberg

 

[william the wie]

There is no bubble. Real estate is cheap, at least nationally.

True but there are bubbles on the west coast and Washington-Boston corridor. Meredith Whitney's analysis of relative growth on the coasts vs. flyover country strongly suggests asset bubbles out the wazoo.

 

[AmazonTania]

There is no real estate bubble. The Government is just trying to re-inflate the old bubble, which is already full of holes. You're not going to get record highs in the same way prices increased during 2003 - 2007, but at some point housing prices are going to steadily decrease.

 

[Toro]

There is no bubble. Real estate is cheap, at least nationally.

True but there are bubbles on the west coast and Washington-Boston corridor. Meredith Whitney's analysis of relative growth on the coasts vs. flyover country strongly suggests asset bubbles out the wazoo.

Some cities are crazy.

 

[boedicca]

fueling another real estate bubble, which will inevitably burst

When?

Surely you an do better than the talking heads or constantly predict something crashing around the corner until they get it right. When shall we expect this crash? Or so you mean sometime between now and eternity?

Answered in the OP. Learn to read.

 

[boedicca]

There is no bubble. Real estate is cheap, at least nationally.

There's no such thing as a national market. Real estate is local.

The inner Bay Area is definitely inflating, with cheap interest rates adding fuel to the fire.

 

[william the wie]

There is no bubble. Real estate is cheap, at least nationally.

There's no such thing as a national market. Real estate is local.

The inner Bay Area is definitely inflating, with cheap interest rates adding fuel to the fire.

The Bay will blow up again but not as badly as BC.