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2022-05-10 Economy
Home Loan interest rates rising - 'Beware the Popping of the Housing Bubble'
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Posted by Besoeker 2022-05-10 02:08|| || Front Page|| [3 views ]  Top

#1 
YES! I remember 2008-2010 painfully well.
We were comfortably in 2,400 Sq/ft 5/3 brick valued at $185K + near Lawrenceville Ga. that could not be sold for even $150K nor rented to cover the mortgage payment.

NOTE:
Housing Sales are still slowing in our Mid-Eastern GA area. The House Time on Market has increased from around 21 days before offer, to 30+ days.

We are now seeing more selling price reductions of around $5K per month on 30+ day listings.

BTW: Checkout REDFIN's housing market data

Posted by NN2N1 2022-05-10 07:52||   2022-05-10 07:52|| Front Page Top

#2 The current housing bubble is part & parcel of what you could reasonably call the "unpayable debts bubble". There is no way the USA could ever pay off its national debt (public and private), short of a collapse of the US economy and of the dollar. At least the US financial situation is the least horrible of all other nations.
Posted by Bubba Lover of the Faeries8843 2022-05-10 11:31||   2022-05-10 11:31|| Front Page Top

#3 The calamity resulted from government policies that intentionally inflated a housing bubble year after year.

Yeah, and now they're doing it with student loans too. Can't wait to see the universities in trouble and laying off academics.
Posted by Abu Uluque 2022-05-10 12:56||   2022-05-10 12:56|| Front Page Top

#4 Won't happen, they will still give out the student loans for bullshit degrees to a greater degree with all the idiots getting said degrees knowing they will not have to pay them back. In other words this is a way for us to continually pay for them to be indoctrinated by the university system, which seems to be churning out plenty of leftist shit.
Posted by Chris 2022-05-10 13:08||   2022-05-10 13:08|| Front Page Top

#5 back in 2006-2008 the banks were coersed into giving out under capitalized loans without even much of an appraisal

I think now there are fewer of these so the bubble should not be as big

Posted by Lord Garth 2022-05-10 18:29||   2022-05-10 18:29|| Front Page Top

#6 A home in San Diego that sold for $650,000 a few months ago sold for $1,000,000 yesterday.
Posted by crazyhorse 2022-05-10 23:06||   2022-05-10 23:06|| Front Page Top

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