Wednesday, July 06, 2005

Like the Nasdaq in 2000, Only Worse

“As the “debate” over the existence of a housing bubble intensifies, both sides are likely to be proven wrong when it comes to predictions for housing declines should the bubble burst. Most bubble advocates believe that rather than collapsing, housing prices will either rise more slowly, fall slightly, or simply stop going up, thereby allowing stagnant incomes to catch up with surging prices. However, a closer look at the facts reveals it is far more likely to burst with as big a bang as did the NASDAQ five years ago.”

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2 Comments:

Anonymous Anonymous said...

If you owned a home for more than 5 years and look at what it is worth now, could you afford to buy it today? Probably not. That is why we are in a bubble

Thursday, July 07, 2005 12:07:00 PM  
Anonymous Polar Bear said...

Stealing from another blog...

HOUSEDAQ 2005.

Thursday, July 07, 2005 4:12:00 PM  

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