Goldman's Former Head Of Housing Research Predicts Housing Crash, Recession Wit

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Goldman's Former Head Of Housing Research Predicts Housing Crash, Recession Wit

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2014 Sep 20, 4:32am 3,634 views 9 comments

by Bubbabeefcake ➕follow (1) 💰tip ignore

http://www.zerohedge.com/news/2014-09-17/goldmans-former-head-housing-research-predicts-housing-crash-within-three-years

It's one thing for contrarian financial websites to accurately predict the transitory phase and housing price dead cat bounces which are only sustained by the unholy trinity of foreclosure bottlenecks (which are simply supply-side subsidies), offshore money laundering into US real estate (thanks to the NAR's AML requirement exemption) and Wall Street-as-a-Landlord (through REO-to-Rent and other Fed-funded programs): after all the point of such correct analyses is to be ignored and blasted as conspiracy theories until they are proven, inevitably, correct. But when a former Goldman executive and the previous head of its housing research team comes out with a...

#housing

Comments 1 - 9 of 9 Search these comments

Bubbabeefcake 2014 Sep 20, 1:33pm

APOCALYPSEFUCKisShostikovitch says

A complete meltdown would be a welcome alternative to what must come:

CANNIBAL ANARCHY.

Rates & Shocks

We are 16 months into Stage I. A sooner-than-expected rise in mortgage rates - or other adverse shocks - will domino the decline into Stage 2

tatupu70 2014 Sep 21, 12:56am

So, judging by Goldman's past--that means he is probably extremely bullish on real estate and just wants suckers to take the other side of his trades...

hanera 2014 Sep 21, 7:43pm

...I am lamentably confident that home prices will fall by 15% within three years...

Nothing to be afraid of. In SFBA, prices went up >50% over three years, so giving back some is ok, technicians call it correction, no big deal.

4 CDon 2014 Sep 21, 10:58pm

hanera says

...I am lamentably confident that home prices will fall by 15% within three years...

Nothing to be afraid of. In SFBA, prices went up >50% over three years, so giving back some is ok, technicians call it correction, no big deal.

A few months ago, I wrote this in jest, yet it may turn out true:

EVENT & PATNET COMMENT
2009 Prices 500K Don't buy now, prices are gonna CRASH!
2010 Prices 515K Don't buy now, prices are gonna CRASH!
2011 Prices 530K Don't buy now, prices are gonna CRASH!
2012 Prices 570K Don't buy now, prices are gonna CRASH!
2013 Prices 650K Don't buy now, prices are gonna CRASH!
2014 Prices 680K Don't buy now, prices are gonna CRASH!
2015 Prices 710K Don't buy now, prices are gonna CRASH!
2016 Prices 740K Don't buy now, prices are gonna CRASH!
2017 Prices 540K SEE I TOLD YOU SO!!!!!!!!!