Housing bubble part 2. You can now buy a brand new home for $1 down

[peilthetraveler]

http://finance.yahoo.com/real-estat...for-dollar-down-moneywatch?mod=realestate-buy

Here comes the beginning of the 2nd housing bubble. Buy now, and sell in about 2 years for double what you paid for your house.

 

[Scataphagos]

Quote from peilthetraveler:

http://finance.yahoo.com/real-estat...for-dollar-down-moneywatch?mod=realestate-buy

Here comes the beginning of the 2nd housing bubble. Buy now, and sell in about 2 years for double what you paid for your house.

Amazing how politicos seem to never learn from their mistakes.

 

[denner]

Quote from Scataphagos:

Amazing how politicos seem to never learn from their mistakes.

They are simply told what to say and do. Our economy is nothing more than a chronic asset inflation scheme, one after the next.

 

[peilthetraveler]

Quote from denner:

They are simply told what to say and do. Our economy is nothing more than a chronic asset inflation scheme, one after the next.

So the secret to making money in our economy is to buy just 1 asset and then roll it into the next asset class after the bubble gets big. You can get rich without ever having produced anything.

 

[dumb_mother]

Quote from peilthetraveler:

http://finance.yahoo.com/real-estat...for-dollar-down-moneywatch?mod=realestate-buy

Here comes the beginning of the 2nd housing bubble. Buy now, and sell in about 2 years for double what you paid for your house.

so i can buy for 1$ now and in 2 years sell for 2$--- where do i robosign?

 

[ElCubano]

They are just making it easier to walk away.....thats quite the incentive.

 

[stopnlimits]

Quote from peilthetraveler:

So the secret to making money in our economy is to buy just 1 asset and then roll it into the next asset class after the bubble gets big. You can get rich without ever having produced anything.

IMHO this is one of the biggest problems of our economy. The lack of production.

 

[LEAPup]

Quote from stopnlimits:

IMHO this is one of the biggest problems of our economy. The lack of production.

+1

 

[olias]

Quote from Scataphagos:

Amazing how politicos seem to never learn from their mistakes.

So you'd like to see more government regulation, right? ...to prevent this kind of thing

 

[jficquette]

Rather than this they should bring back no doc loans but require 50% down.