patrick.net

Just some Sunday evening reading:

http://articles.businessinsider.com/2012-03-21/markets/31219076_1_shadow-inventory-insolvent-banks-real-estate-market

http://finance.fortune.cnn.com/2012/07/24/foreign-home-buyers/

http://blog.redfin.com/blog/2012/07/home_prices_up_3_but_when_will_the_other_shoe_drop.html

http://www.counterpunch.org/2012/09/04/obamas-secret-plan-to-prop-up-housing-prices/

http://www.theburningplatform.com/?tag=home-prices

I personally like this quote:

"HOW TO INCREASE HOME PRICES WHEN HOUSEHOLD INCOME IS FALLING?"
"It’s easy. You artificially create a shortage of supply by not putting foreclosed homes on the market. You have the Central bank artificially keep interest rates below market rates by buying up the bad mortgage debt from the criminal Wall Street banks. You encourage the same dumbass flippers that contributed to the first housing bubble to jump back into the game. Then you convince clueless math challenged dupes across the land that they better buy before it’s too late. Then get the corporate MSM to run blaring headlines when home prices and sales blip up by the tiniest fraction, and still 60% below the levels of 2005. Dr. Housing Bubble lays it all out. "

#housing