Hey, remember this commercial from 2006. That was about the time when I scratched my head and said to myself “There is no freaking way this housing and mortgage finance bubble can go on for much longer”. Boy, was I wrong. It went on for another 2 years before blowing sky high in a matter of weeks.
Why am I bringing this up? Well, it appears that Sussan is back. In a different form, but she is definitely back. Not buying a home could cost you $65,000 a year
Penalties for not buying today? Not buying a home will cost you self respect, dignity, the American dream ? Wow, take it easy there Realtor propaganda machine. Even Kremlin would be proud of such a spin.
Despite this rubbish, the hard cold reality remains. Housing prices are bouncing for the exact same reason the stock market is where it is today. Zero interest rates, QE, the FED and speculation. Once this nonsense works itself out, housing prices will collapse in a 3rd leg down decline. In other words, buying a house today is equivalent to buying a house in 2005-2006. Take that Sussan.
