Skip to comments.
Some big cities at risk of another housing bubble: Shiller
| Thu Jun 27, 2013 6:35pm EDT
| Tim Reid
Posted on 07/05/2013 5:02:14 AM PDT by Olog-hai
Dramatic home price gains in some of Americas largest cities point to a potentially new housing bubble in those areas, according to Robert Shiller, who helped create a closely watched gauge of U.S. housing prices.
Shiller said big price gains in Las Vegas, Los Angeles, San Francisco, Miami and Phoenix, fueled in part by a large influx of outside investor money, are a possible sign of trouble ahead.
There is a risk of bubbles in these cities, Shiller, a co-founder of the S&P/Case-Shiller Home Price Index, told Reuters on Wednesday. House prices increases have been dramatic. It looks like the beginning of the last bubble.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Crime/Corruption; Miscellaneous; News/Current Events
KEYWORDS: caseshillerindex; housingbubble; housingbubble2; outsideinvestors
posted on 07/05/2013 5:02:14 AM PDT
House flippers can not sustain a market that is overbuilt over the long haul. Many of us explained what was coming eight years ago.
posted on 07/05/2013 5:08:16 AM PDT
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
Comment #3 Removed by Moderator
Many of us explained what was coming eight years ago.
And what happens next still depends upon the historic Chinese Appetite...
Scarlet Memorial: Tales Of Cannibalism In Modern China
posted on 07/05/2013 1:29:38 PM PDT
("TO SECURE THESE RIGHTS, governments are instituted among men" -- Does that still work?)
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson