The Housing Bubble is Back (economy, state, inventor, banks)

[knowledgeiskey]

Just when you thought the recession was coming back. Our economy is booming again!!!!!!

Flipping houses is booming business again - The Washington Post


Buyers Are Back After Foreclosure - WSJ.com

Realogy Shares Surge on Hopes for Recovery in Housing Market - WSJ.com

[steven_h]

The ones who are investing in houses are the wealthy speculators with free cash. The banks are still squeezing the traditional homeowner. To call a few up months in housing a "bubble" and a "booming economy" is simply not the case. The keyword is "hope" for a recovery.

For the wealthy, the economic collapse was just a bump in the road. The middle class will be the ones paying them rent.

[Mathguy]

Not to mention the shadow inventory.

My buddies sister is sitting on a home she can't afford that got one of those emergency loans to keep them in the house.

When the balloon payment comes due in a year or so....that house is going into foreclosure.

Lots and lots and lots of games played to push off the problem.

I wouldn't interpret some people picking up distressed rental properties as a good sign, they are just bargain hunting.