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stockman sees another bubble.

Started by Riversider
almost 13 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://finance.yahoo.com/blogs/daily-ticker/housing-bubble-2-0-david-stockman-133026817.html Stockman argues a combination of artificially low interest rates and speculation are to blame, not unlike the last boom and bust cycle in real estate. “We don’t have a real organic sustainable recovery because in a world of medicated money by the central bank, things aren’t what they appear to be,” Stockman argues. And according to Stockman, it’s this medicated, cheap money being put to work by investors that’s driving the apparent healing in some of the hardest hit real estate markets in the country.
Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

Why is this Stockman guy deserving of so much attention?

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Response by somewhereelse
almost 13 years ago
Posts: 7435
Member since: Oct 2009

It is called wishful thinking...

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Response by mym
almost 13 years ago
Posts: 188
Member since: Jun 2009

Don't know whether or not he's right, but I do think that he means what he says...I do think that it is historically true that markets in which there are many investors are more vulnerable in downturns..or as soon as interest rates go up. Saw 8 unit condo in East Williamsburg. Realtor said that most of the purchaseres had beeen investors. Who's going to buy that after interest rates go up?

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