Things may hold steady for some time and prices will continue to climb, but at some point the price inflation comes pouring down. This will cause Bernanke, very late in the game, to slow money printing, and the ground holding up housing prices will get very soggy and start to slide---but this is way down the road. Prices, for now, will continue higher for many months, maybe a year or two.
Please share this with Mark Perry. He thinks he sees a housing recovery that is positive.
ReplyDeleteWhat's wrong with those houses?
ReplyDeleteLocated next to an eroding cliff.
Delete