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Mon Jan 7, 2013, 10:48 AM

 

Real estate bubbles in every country? Seems like this was planned for the elite to steal homes

This is from forbes, teaching the elite how to cash in on the housing bubbles all over the world.

What are the chances that millions of people around the globe are just so stupid, we all bought too many houses, and then all our governments had to step in to help the banks because we caused problems for the innocent bankers that were just trying to help us?




The real estate bubble is like a popcorn popper with different markets frothing over and peaking at different times, but all will burst ultimately. Given that real estate is so local, the best way to gauge the downside potential of your home or commercial real estate is to find out what it was worth at the beginning of 2000 at best and the beginning of 1996 at worst. If you can’t take that much heat consider selling and renting for the next three years plus. From around early 2015 forward we could see the greatest bargains in real estate of our lifetime.



http://www.forbes.com/sites/greatspeculations/2012/10/03/greatest-real-estate-bubble-in-modern-history-has-yet-to-really-burst/

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Reply Real estate bubbles in every country? Seems like this was planned for the elite to steal homes (Original post)
No Compromise Jan 2013 OP
Jackpine Radical Jan 2013 #1
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No Compromise Jan 2013 #2

Response to No Compromise (Original post)

Mon Jan 7, 2013, 10:54 AM

1. You gotta be kiddin'!

Speculators exist to benefit society, That's why we give them all those breaks and bailouts. and refuse to impose a transaction tax.

See? They've lowered the cost of homes way down into the affordable range.

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Response to No Compromise (Original post)

Mon Jan 7, 2013, 11:17 AM

2. !

 

We’ve previously noted that the housing bubble which burst in 2007 was bigger than the Great Depression … and perhaps bigger than any housing bubble in 700 years:

The question is, given the boom we had between 2001-2007, how bad a bust might we have?



Well, in the greatest financial crash of all time – the crash of the 1340s in Italy, which brought on a new dark Age – real estate prices fell by 50 percent by 1349 in Florence when boom became bust.



How does that compare to 2001-2007? The price of Southern California homes is already down 41%, Southern California hasn’t fallen as fast as some other areas, and we’re nowhere near the bottom of the market.



Moreover, the bubble was not confined to the U.S. There was a worldwide bubble in real estate.



Housing bubbles are now bursting in China, France, Spain, Ireland, the United Kingdom, Eastern Europe, and many other regions.




And the bubble in commercial real estate is also bursting world-wide.
http://www.zerohedge.com/contributed/2012-11-20/grantham-biggest-housing-bubble-807-ad-has-burst

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