We need to teach economics better in the country.
Lets do the formula that we all know.
Speculators drive the housing market up.
Typical buyers are priced out.
Some still buy.
Market hits the top, speculators bail out.
Prices drop hurting late buyers.
Foreclosures and inventory make prices drop fast and hard.
Homes become affordable to typical buyers.
Buyers [...]
Related Headlines
- Option One Sale in Jeopardy - H&R Block May Shutter Unitposted 66 weeks ago on Blown Mortgage
- Option One switches to all Fannie eligible productsposted 66 weeks ago on Blown Mortgage
- Option One Done?posted 52 weeks ago on Blown Mortgage
- Wachovia Follows WaMu, Bank of America Down, Down, Downposted 59 weeks ago on Blown Mortgage
- The lights are on but nobody?s home?posted 31 weeks ago on Blown Mortgage
- Existing home sales hit decade lowposted 16 weeks ago on Blown Mortgage
- Limited Jumbo Loan Access Perils CA Marketposted 57 weeks ago on Blown Mortgage
- Peter Viles on CNN talks CA Housing Bubbleposted 66 weeks ago on Blown Mortgage
- New home sales rise for first time in 6 monthsposted 27 weeks ago on Blown Mortgage
- Lone Star Wraps Up Accredited Acquisitionposted 60 weeks ago on Blown Mortgage