"You cannot qualify war in harsher terms than I will. War is cruelty, and you cannot refine it; and those who brought war into our country deserve all the curses and maledictions a people can pour out." - William Tecumseh Sherman

Name: The General
Location: Sacramento, California, United States

Reading

Previous
-> Government: It Keeps Growing, and Growing...

-> Conservative "Diversity"

-> Bush's Mandate

-> More Data on the Effects of Higher Education...

-> Whither Christianity?

-> A Radical Change

-> Stark Commentary on the Election

-> The Shanghai Gesture

-> In Memoriam: Theo Van Gogh

-> Adrian Apollo on Bush


Archives
07/18/2004 - 07/25/2004

07/25/2004 - 08/01/2004

08/01/2004 - 08/08/2004

08/08/2004 - 08/15/2004

08/15/2004 - 08/22/2004

08/22/2004 - 08/29/2004

08/29/2004 - 09/05/2004

09/05/2004 - 09/12/2004

09/12/2004 - 09/19/2004

09/19/2004 - 09/26/2004

09/26/2004 - 10/03/2004

10/03/2004 - 10/10/2004

10/10/2004 - 10/17/2004

10/17/2004 - 10/24/2004

10/24/2004 - 10/31/2004

10/31/2004 - 11/07/2004

11/07/2004 - 11/14/2004

11/14/2004 - 11/21/2004

11/21/2004 - 11/28/2004

11/28/2004 - 12/05/2004

12/05/2004 - 12/12/2004

12/12/2004 - 12/19/2004

12/19/2004 - 12/26/2004

12/26/2004 - 01/02/2005

01/02/2005 - 01/09/2005

01/09/2005 - 01/16/2005

01/16/2005 - 01/23/2005

01/23/2005 - 01/30/2005

01/30/2005 - 02/06/2005

02/06/2005 - 02/13/2005

02/13/2005 - 02/20/2005

02/20/2005 - 02/27/2005

02/27/2005 - 03/06/2005

03/06/2005 - 03/13/2005

03/13/2005 - 03/20/2005

03/20/2005 - 03/27/2005

03/27/2005 - 04/03/2005

04/03/2005 - 04/10/2005

04/10/2005 - 04/17/2005

04/17/2005 - 04/24/2005

07/03/2005 - 07/10/2005

Tuesday, November 09, 2004
  The Real Estate Market
As a consumer who hopes to someday purchase his own home (I'm hard pressed here in pricey Sacramento, Ca.), I've watched the housing market with a great deal of trepidation. I see a big collapse of the market in the near future, especially with the increasing popularity of "interest-only" loans and "fixed for 2 years, then variable rate" loans. I know several people who have bought homes recently that they barely can afford with such loans, on the premise that in two years they'll sell the house and purchase a new one with the money they make from the sale.

David Bernstein at the Volokh Conspiracy is seeing similar disasters-in-the-making in North Virginia. I wonder if this is going on (in different degrees) throughout the rest of the country? Is this the next "bubble"?
 
 POSTED BY THE GENERAL AT 1:07 AM


<< Home
About
Email Me Blogroll Me

Blogroll

Links
Ayn Rand Institute

Economist George Reisman

Cox and Forkum

Ludwig Von Mises Institute

Capitalism Magazine

Objectivism Online Forum

Forum 4 Ayn Rand Fans

Betsy Speicher's Cybernet

Austrian Economics Forum

HBL

The Undercurrent

Syndicate This Blog


Powered by Blogger Site
     Meter Locations of visitors to this page Listed on Blogwise Get Firefox! Objectivism Online Creative Commons Licence


Wizbang Standalone Trackback Pinger
Technorati search
Top Stories
US National
World
Politics
Iraq