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Thread: Builders and lenders managing the housing "bubble"

  1. #1
    Unfrozen Caveman Planner mendelman's avatar
    May 2003
    Staff meeting

    Builders and lenders managing the housing "bubble"

    Builders/Lenders want to keep the hot market

    It seems the builders and lenders know that a bust in the current housing "bubble" would be very bad, so, manage it and keep the giant profits rolling.
    Last edited by mendelman; 12 May 2005 at 6:31 PM.
    I'm sorry. Is my bias showing?

    Every day is today. Yesterday is a myth and tomorrow an illusion.

  2. #2
          ABS's avatar
    Apr 2004
    Brisbane, Australia
    They're pipedreaming. It's impossible to continue massive rates of property price growth without eventually experiencing a 'market correction'. In the last 5 years South East Queensland had a huge population boom and property price growth which resulted in prices being 2 to 2 1/2 times what they were in 2000. Last year the market eventually burst and there has been an approx 10-20% price correction.

  3. #3

    Oct 2001
    Solano County, California
    Plus, the builders and lenders have no influence over Chinese (and Japanese, Korean, and to a lesser extent "Old European") Central Bank policy which is the only thing really keeping the American debt-based economy afloat.

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