Dr. Housing Bubble 11/11/09

[Crewleader]

The Comprehensive State of the U.S. Housing Market: Learning to Love the Housing Data and Forgetting the Economic Facts. Everything you wanted to know about U.S. Housing Trends.

America has built a large part of its economy on homeownership. Owning a home is part of the ever more elusive American Dream. Yet over time, owning a home became a larger and larger burden as new buyers were required to take on bigger debt loads merely to buy a basic home. Incomes weren’t rising so debt was the new subsidy. The apex of the bubble was reached in 2005 although prices didn’t start falling in drastic fashion for a couple years later. The U.S. Treasury and Federal Reserve are largely to blame for inciting the biggest housing bubble the world has come to know. Wall Street is equally to blame for creating the structure that allowed this to happen as they championed de-regulation and completely neglected any fiscal responsibility.

In today’s article, I will dissect the housing market from every angle. It is easy to get caught up in the day to day data but the bigger picture is usually missed. Let us first look at the total number of housing units in the U.S.:



us housing units

http://www.doctorhousingbubble.com/the-comprehensive-state-of-the-u-s-housing-market-learning-to-love-the-housing-data-and-forgetting-the-economic-facts-everything-you-wanted-to-know-about-u-s-housing-trends/

[BR_Parkway]

1. kicking to read later

[upi402]

2. Funny, I just read that before logging to DU

The insanity continues. And poor Costa Mesa...
I asked for years, "Who has the jobs with THAT kind of income?"
Then came the granite and stainless steel kitchen remodels to dumpy little houses.

Now, I see corn and tomatoes growing in yards that never grew food before. I think we're catching on, like Baby Heuy wanting his next piggy back ride -type of catching on.