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Fitch Warns Of Housing Bubble, Says Houses Overvalued


               
2014 Mar 12, 5:35am   11,264 views  26 comments

by jojo   follow (2)  

http://www.zerohedge.com/news/2013-11-06/fitch-warns-housing-bubble-says-unsustainable-jump-leaves-home-prices-17-overvalued

Since the peak in early 2007, risk has been declining for newly originated loans as the bubble unwound and prices reverted towards historic averages. On the back of the abrupt price rises across the country and interest rate rises which are expected to limit prepayment speeds for the next several years, the NRI has now increased.

#housing

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1   ttsmyf   @   2014 Mar 12, 7:31am  

Here's my latest, for 2013 Q4. A 20% drop ...
http://www.showrealhist.com/RD_RJShomes_PSav.html

2   Smallblock57   @   2014 Mar 12, 8:30am  

APOCALYPSEFUCKisShostikovitch says

Fitch?

There's irony - and then there's hannibal lector shouting down jeffry dahmer for bad table manners.

LOL!!

3   Zakrajshek   @   2014 Mar 14, 12:46am  

Humans, supposedly the smartest animal, are the only species that I know of who must pay rent or purchase land on which to live. For most if not all people, they will pay someone for every night they sleep on this earth. And if you don't or can't, you are scorned and considered a bum, homeless, a hobo. Yet the earth was given to us all, for free, like the air and water. It would be funny if it wasn't such a total rip-off. How'd that middleman get in there? Oh, they always seem to find a way to fleece people for anything they need. The whole rent or own land thing is nothing but another scam, and it maybe the biggest scam of all.

4   John Bailo   @   2014 Mar 14, 1:11am  

ttsmyf says

A 20% drop ..

Agree

5   New Renter   @   2014 Mar 14, 2:50am  

Call it Crazy says

Zakrajshek says

How'd that middleman get in there? Oh, they always seem to find a way to fleece people for anything they need.

When they start charging you for the air you're breathing, watch out!!!!

6   New Renter   @   2014 Mar 14, 2:57am  

Zakrajshek says

Humans, supposedly the smartest animal, are the only species that I know of who must pay rent or purchase land on which to live. For most if not all people, they will pay someone for every night they sleep on this earth. And if you don't or can't, you are scorned and considered a bum, homeless, a hobo. Yet the earth was given to us all, for free, like the air and water. It would be funny if it wasn't such a total rip-off. How'd that middleman get in there? Oh, they always seem to find a way to fleece people for anything they need. The whole rent or own land thing is nothing but another scam, and it maybe the biggest scam of all.

Most non-human creatures live in constant fear of being eaten. What you are paying for is peace of mind.

Don't believe me? Try living as a wild man in Alaska, the Amazon, Australian outback, places like that. You can make all the shelter you want for free, get free food, free water, free everything at least as far as money; however, that lifestyle will be a LOT more expensive in time and stress than paying for modest housing.

You will also most likely die in short order.

7   Indiana Jones   @   2014 Mar 14, 4:02am  

New Renter says

Don't believe me? Try living as a wild man in Alaska, the Amazon, Australian outback, places like that. You can make all the shelter you want for free, get free food, free water, free everything at least as far as money; however, that lifestyle will be a LOT more expensive in time and stress than paying for modest housing.

You will also most likely die in short order.

One doesn't live out in the wilderness alone. One lives in small, intentional and cooperative communities. Animals will stay away, for the most part, and you can live a long and healthy life.

For example: Native Americans (at least in California), spent WAY less time "working" everyday than we do. They had a simple lifestyle, yes, but they were healthy and connected to their community. And they understood NO ONE OWNED THE LAND.

Why is there a need for these large, dirty, dehumanizing and dangerous cities where you spend your days working hard to pay your rent or mortgage, and for basic necessities, while the ownership class has the option to live the life of pleasure and leisure? Although I am sure there is a somewhat natural inclination for people to come together in locales, it seems like the modern city has been semi-orchestrated to benefit the Owner class to use the Masses for cheap labor and for control purposes, ultimately.

8   Strategist   @   2014 Mar 14, 4:06am  

New Renter says

Most non-human creatures live in constant fear of being eaten. What you are paying for is peace of mind.

Don't believe me? Try living as a wild man in Alaska, the Amazon, Australian outback, places like that. You can make all the shelter you want for free, get free food, free water, free everything at least as far as money; however, that lifestyle will be a LOT more expensive in time and stress than paying for modest housing.

You will also most likely die in short order.

And no Patrick.net.
That's would be real torture.

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