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The Housing Bubble Mantra: Hurry! Buy Now!

I would not buy a house at this time. I would rather rent and wait until the bubble bursts and prices drop back down to a realistic level. What goes up will come down at some point.

Livinglies's Weblog

The LivingLies team

The media is reporting that US housing starts, or the construction of a new house, fell more than expected in March. It is reported that buyer traffic is having the best run since 2009, and that consumers are facing stiff competition and a low supply if you’re shopping for a home.

Where have we heard this before?  Prior to every market bubble that implodes, the mainstream media spins the “buy now or lose out” message so that the herd jumps blindly back into the market, while investors and banks start to short the same markets.

Duetsche Bank who is in a death spiral is reporting that the overall recovery of the housing market continues, particularly among single-family units.

Despite the recent housing dip, the media reports that housing starts hit a four-month high this February. The biggest driver for this trend is single-family home purchases, thus, the…

View original post 656 more words

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