You're (still) unfortunately not even close. No matter what the housing porn shows or housing porn newspaper inserts say.
Just do the math.
Homes in my neighborhood are listed for 300 to 400 times rent.
Do you not realize how wrong that is?
It's the P/E stupid, no matter what country you're in.
And housing ladders don't just go up.
(And for the love of god, please turn off the housing porn. It's bad for you, like fish and chips)
Just trying to help...
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12 comments:
For those who think we are at the bottom.....
http://www.reuters.com/article/gc03/idUSTRE5363EV20090407
Not even close.
OT: Man detained in St. Louis for carrying cash. US becoming a police state. Watch the video and be pissed off of where this country is heading...
http://www.youtube.com/watch?v=XMB6L487LHM
Keith, check out this article about Dubai. It's an amzinging tale of greed, corruption, and disaster. What a bullshit dump. http://tiny.cc/0m2s0
*Must see* new John Perkins video on G20 and Iceland:
http://tinyurl.com/jpiceland
we're two years into this mess, how come we're still arguing over what losses "might be"?
......there will be no recovery...so long as it is common knowledge within the markets that the truth is being concealed."
The housing oracle graph plot for the next several years looks very optimistic. The graph looks like it is just bursting to repeat the years 2003 through 2004, only in reverse, going down to below 120 with no end in sight.
Nothing new here...back to American Idol.
Keefer,
Its for posts like this that i visit this blog.
Good Ole common sense.
Ooooobaaamy!
Gimme Cheese.
Now the US media is just full of articles claiming an "official" END to the crisis... A guarantee that their will be another bad leg to this.
Have fun!
Deficits don't matter.
Why is it a depression if the housing prices have simply returned to where they should be? If popping a bubble leads to a depression we have a very broken financial system.
Ohhh.. Right. We do have a broken financial system.
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