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katsung47
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The coming real estates crisis
Jan 26th, 2017 at 6:30pm
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944. See how big the bubble is (1/25/2017)

17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).

Quote:
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country
BY JACK MORSE IN NEWS      ON AUG 12, 2016

San Jose, with a median home price of $1,085,000, currently ranks as the most expensive metropolitan area for would-be home owners. The second most expensive? That would be San Francisco coming in at $885,600.

http://sfist.com/2016/08/12/san_jose_not_san_francisco_has_high.php



Here is a chart of midian home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual  upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.




From steep curve you may see how big this bubble is.
  
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Re: The coming real estates crisis
Reply #1 - Feb 7th, 2017 at 11:50pm
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Apparently the acoustic death ray thing didn't pan out.
  

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katsung47
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Re: The coming real estates crisis
Reply #2 - Feb 9th, 2017 at 8:43pm
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945. The 2017 bubble(2/1/2017)


It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lended from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosed houses. Then we saw Federal Reserve's Quantitative easy program. That money took over the foreclosed houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubble.

A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate ballon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility.

I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housing bubble.

2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2)    (5/7/2016)")

3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence.


http://wolfstreet.com/wp-content/uploads/2015/06/US-San-Francisco-California-med...
  
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Re: The coming real estates crisis
Reply #3 - Feb 17th, 2017 at 3:03pm
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Bert and the Technicolor nuns wrote on Feb 7th, 2017 at 11:50pm:
Apparently the acoustic death ray thing didn't pan out.


Or did it?

  


To say homo sapiens, is to say Homo religiosus; there is no man without God. ~Frithjof Schuon
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