GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Housing Bubble To Burst 50% Says Templeton

Biggy2 · 08-23-2005, 10:23 AM

From the opening lines of the article --
"Investors sold off stocks in early trading and continued selling after the National Association of Realtors said sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up. But even with the decline, sales were the third-highest level on record.

The latest snapshot of housing activity suggested that the sizzling housing market may be cooling slightly."

Sales were still 3rd highest ever. There will be no bubble burst, the housing market will simply come to down to reality. You also can't compare it to the tech bubble. At the end of the day, the houses still have a nice underlying value. Tech stocks in the bubble there did not have a real underlying value since many of those companies were losing money from the start. The market will cool off, but all that will happen is growth rates will come down to reality.

08-23-2005, 10:23 AM
Biggy2 Confirmed User Join Date: Feb 2002 Posts: 1,821	From the opening lines of the article -- "Investors sold off stocks in early trading and continued selling after the National Association of Realtors said sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up. But even with the decline, sales were the third-highest level on record. The latest snapshot of housing activity suggested that the sizzling housing market may be cooling slightly." Sales were still 3rd highest ever. There will be no bubble burst, the housing market will simply come to down to reality. You also can't compare it to the tech bubble. At the end of the day, the houses still have a nice underlying value. Tech stocks in the bubble there did not have a real underlying value since many of those companies were losing money from the start. The market will cool off, but all that will happen is growth rates will come down to reality.