As we've been tracking here at PeakProsperity.com, the housing market is starting to look quite ill.
After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs.
Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those looking to pick up values at much lower prices in the future be taking?
This week we talk with citizen journalist Ben Jones, property manager and publisher of TheHousingBubbleBlog-- where he tracks the latest headlines and developments in the housing market.
And given the stream of data Ben sees every day, he's extremely pessimistic on home prices in most major markets worldwide:
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Gosh I hope not!
ReplyDeleteSounds like people who cannot afford a house but want to take advantage of someone else's misfortune will create the new bubble. Isn't that was burst the last housing bubble. Banks giving loans to just anyone without a care as to whether they could afford a loan. Even so far as to lie to applicants. Apparently we haven't learned anything from our mistakes.
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