patrick.net
An Antidote to Corporate Media
1,191,191 comments by 13,859 users - FortwayeAsFuckJoeBiden, Kepi online now
Case-Shiller Says Not A Bubble
invite response
2013 Oct 29, 3:16am 1,467 views 4 comments
by Rew ➕follow (0) 💰tip ignore
Comments 1 - 4 of 4 Search these comments
So when there is no middle class, we just going to have empty homes? Or just put 2+ families to a unit? Because from where I stand it is a few new money haves, and a lot of people going from middle class to have nots. This economy is in deep trouble and the real U6% is ~20%
Heraclitusstudent
2013 Oct 29, 9:58am
So when there is no middle class, we just going to have empty homes? Or just put 2+ families to a unit?
People will double up or be homeless.
As long as the majority home owners favor the policy of inflating assets....
freak80
2013 Oct 29, 10:53am
And Case-Shiller is correct. There is no bubble (yet), at least nationally:
http://www.multpl.com/case-shiller-home-price-index-inflation-adjusted/
http://www.cnbc.com/id/101152271
August Fastest Gains in 7 Years, Homes Still Affordable, No Bubble Mindset
"Home prices are not being driven by extravagant expectations, as they were in 2005 and 2006, but by historically low inventory and strong investor demand."
#bubbles