Is the perfect real estate storm about to pop the housing bubble?

I’ve been waiting for the housing crash for awhile. I’m not an expert, but it has seemed to me that we have:

  • a lot of empty existing units;
  • a ridiculous excess of new units being built;
  • absolutely insane financing deals being offered; and
  • accelerating foreclosure numbers.

In other words, a perfect storm is brewing. (More at S&R…)

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One comment

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