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01-30-2007, 03:47 PM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,047 posts, read 5,045,570 times
Reputation: 1910
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This real estate bubble thing is easy to understand!
Just had a brainstorm! The size of the real estate bubble is related to the size of the national debt versus GNP. If you look at historical data this is always true. Bad news though, unless more products are produced domestically it looks like the real estate bubble will never truly deflate. Our nation is in seriously bad trouble.......
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01-30-2007, 05:41 PM
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One Ostrich at a time....
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Join Date: Jun 2006
1,842 posts, read 1,412,123 times
Reputation: 398
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Quote:
Originally Posted by tallrick
Just had a brainstorm! The size of the real estate bubble is related to the size of the national debt versus GNP. If you look at historical data this is always true. Bad news though, unless more products are produced domestically it looks like the real estate bubble will never truly deflate. Our nation is in seriously bad trouble.......
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Ummm...could you elaborate a little on this please? How do you think the real estate bubble correlates to the size of the national debt and GNP?
How do you figure the real estate bubble will never truly deflate unless more products are produced domestically?  |
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01-30-2007, 05:58 PM
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Senior Member
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Join Date: Aug 2006
990 posts, read 1,513,095 times
Reputation: 537
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Quote:
Originally Posted by tallrick
Bad news though, unless more products are produced domestically it looks like the real estate bubble will never truly deflate. Our nation is in seriously bad trouble.......
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how does the creation of more jobs cause the bubble to deflate? |
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01-30-2007, 06:01 PM
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One Ostrich at a time....
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Join Date: Jun 2006
1,842 posts, read 1,412,123 times
Reputation: 398
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Quote:
Originally Posted by newportbeachsmostwanted
how does the creation of more jobs cause the bubble to deflate?
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Thank you...I was wondering that myself...................  |
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01-30-2007, 07:14 PM
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Not a member
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Join Date: Dec 2006
Location: Los Angeles
634 posts, read 726,739 times
Reputation: 323
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No no no no. It's even simpler:
More immigrants = lower housing supply = higher real estate costs.
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01-30-2007, 07:28 PM
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Senior Member
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Join Date: Aug 2006
990 posts, read 1,513,095 times
Reputation: 537
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Deportation of all illegals=lower housing costs
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01-30-2007, 08:14 PM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,047 posts, read 5,045,570 times
Reputation: 1910
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The reason real estate bubbles up is because the US dollar loses value due to deficit spending. Foreign investment increases, real estate inflates, very simple!
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01-31-2007, 03:50 AM
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Senior Member
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Join Date: Aug 2006
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 3,981,633 times
Reputation: 637
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What I heard is speculators were driving the price. Low interest rates fueled this. Theres still speculation going on in some of the more affordable cities
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01-31-2007, 08:37 AM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,047 posts, read 5,045,570 times
Reputation: 1910
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See how the latest explosions in debt follow the current real estate bubble? |
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01-31-2007, 11:28 AM
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Member
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Join Date: Jan 2007
72 posts, read 116,899 times
Reputation: 30
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That isn't enough to prove causation, though.
I'm not saying the theory is necessarily wrong (although it may be), just that we don't have enough data here to confirm it.
Ice cream sales and crime both spike at the same time---but ice cream sales don't CAUSE the spike in crime. They both just increase in the summer months due to other factors.
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