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The "elephant" is actually the huge real estate bubble that is popping
around the US. This appears to me to be the biggest news in real
estate, especially for investors, yet I read little about bubble trouble
on this forum. I find it hard to believe that anyone can honestly
brush off the fact that problems abound: mortgage delnquencies,
foreclosures, rising inventories, higher interest rates, slow sales,
flat (or falling) home prices, etc.
It's almost lke Rome is burning, and investors are standling around
playing their fiddles, pretending that everything's okay.
There are those who claim that "we're just returning to a more normal
real estate market", in terms of supply, demand, and price
appreciation. To me, it appears that the real estate market is in bad
shape and getting worse by the day. With "nothing down" and ARMs adding
to the problems, we have indeed built a very fragile house of cards.
What do you think? What will the market be like in 6 months, or a year?
Peppa
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Why no posts about the "elephant" in the room?
