2
0

Fitch Warns Of Housing Bubble, Says Houses Overvalued


               
2014 Mar 12, 5:35am   11,252 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

« First        Comments 25 - 26 of 26        Search these comments

25   New Renter   2014 Mar 16, 12:18pm  

turtledove says

New Renter says

life everywhere else in the world sucked too, that is unless you were a member of the aristocracy.

And a man.

There were a few exceptions:

26   New Renter   2014 Mar 16, 12:20pm  

Indiana Jones says

From wikipedia:

"With time, the kibbutz members' sense of identification with the kibbutz and its goals decreased. This process originated both from personal frustrations among the kibbutz members as a result of internal processes and from the growing stratification and inequality due to the growth of capitalistic practices.[13] Over the years, some kibbutz members established professional careers outside the kibbutz, accumulating power, privileges and prestige.[14] The balance between individual values and values of the kibbutz began to tip, and work motivation was affected. An emphasis was placed on social compensation to encourage productivity."

Basically, the kibbutz was destroyed because capitalism still exists. Like the example of the Tiaga above, a utopian concept implemented within the larger context of a capitalistic society is doomed for failure.

An imperfect model - learn from what happened there and try to improve on it.

« First        Comments 25 - 26 of 26        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste