The Next Housing Crash is Coming
Make sure to thank both the Democrats and the GOP when it explodes.
Party labels, Liberal or Conservative. It does not matter. The liars and hacks in Washington D.C. join ranks to protect their jobs and pump endless cash into the system to "stimulate" the economy.
Inflation? Debt crisis? Housing bubble? Who the fuck cares . . . as long as it happens after the election day 2014.
You heard it here first. A new, improved and maybe BIGGER housing bubble is building up. If history is any guide the exploding bubble should be a real clusterfuck.
Welcome to double digit home price increases funded by rivers of money printed by the Federal Reserve and Congress.
+13.5% - National Average Home Prices
- +24.7% - Southern California
- +29.8% - San Francisco Bay Area Counties
- +26.5% - Honolulu
- +29.3% - Chicago
- +13.7% - Miami
- +20.1% - Seattle
- +32.7% - Las Vegas
- +10.7% - Washington D.C.
- +36.7% - Phoenix
- +20.3% - Denver
These prices are not "real" when you have an economy with high unemployment and huge under employment plus 90 million people not even trying to work anymore.
See more at DQ News.com
A Bi-Partisan Housing Bubble.
The last housing bubble was funded by a Republican controlled Congress and a GOP President with massive government spending, Federal Reserve money printing, ultra-low interest rates, 100% easy qualifying home loans and no hard questions asked by Congressional oversight committees.
Today we have a bi-partisan bubble with Democrats in charge of the Senate and White House and the GOP in the House of Representatives. What we are getting is massive government spending, Federal Reserve money printing, ultra-low interest rates, near zero down payment Federal financed home loans and no hard questions asked by Congressional oversight committees.
Remember - What goes up must come down.