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Saturday, November 02, 2013
What Real Estate Bubble? Oh, You Mean The One That's Bigger Than The 2007 Bubble?
Correspondent Mark G. submitted a chart of the Wilshire REIT (real estate investment trusts) index that sums up the current real estate market in one image: it's painfully obvious that real estate valuations are once again at asset-bubble extremes, one that's even bigger than the last RE bubble that popped in 2008 with devastating consequences to the global economy.
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1 comment:
Whoever drew that chart hasn't been out for a drive since 2010. Open the eyes and look around. See all the foreclosures not selling, or selling at half what is owed?
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