Are we due for another bubble burst of the housing market prices? I am looking to purchase a home soon in the DC Metro area but was considering waiting til prices get lower. I am in the market for a place between 350k-400k.
They never stopped Derivatives or the CDO's that ruined us in 08.
They just changed the name to something else.
There is over a Quadrillion in Derivatives now.
And its going to do the same thing it did in 08 because the greedy SOB's got bailed out and they never fixed the problem.
They are doing the same BS all over again.
House prices are up back to levels before the crash. Which means they are majorly inflated.
The crash was bailed out, it was not allowed to go all the way.
The Toxic debts were not cleared, only hidden.
1300 to 1500 is always a safe bet for gold when SHTF.
There are literally thousands of bulldozers and loaders mothballed all over Canada's west just waiting for the price to go over 1300 an ounce again
I don't think so... I work on Home Equity/Mortgage risk for Fortune 500 bank and comparing the credit quality of our book today to that in 2008, it's apples and oranges.
Back then all you had to do was be able to provide a signature. Now you have to meet thresholds in regards to credit score and LTV just to garner consideration. In other words, the people buying homes today are more creditworthy, thus less likely to default. Less defaults means more stable housing prices.