Reply to This must be some sort of housing bubble again

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[quote=Anonymous][quote=Anonymous]When interest rates are forced down to historical lows for indefinite periods by the government.

There is no "market" .... I don't know what you would call it but uncompromised interest rates are the foundation of anything resembling capitalism.

And artificial low rates guarentees a bubble.  [/quote]

Definite QE induced bubble. Most qualified in history... Maybe. But we didn't say this was a credit bubble. There is a lot of hot money here and Blackstone setup a rental SFH hedge fund for its rubes, er, clients. Dot.com bubble had plenty of margin accounts but bubble was fueled by mostly investors, and global fund are racing to find yield thanks to QE and ZIRP. Look at debacle in emerging markets when taper came, you will see similar exodus in MBS and housing investments at some point. Though if I knew that point I could be rich.

Btw, we bought in last year. We expect to lose gobs of money when bubble deflates but renting sucks too. So buy for long term OP and have reserves to ride a 50% loss. Then if we are wrong, and no bubble we win, and if we are right we may get to stay solvent. But for love of god don't waive contingencies. Unless you have gobs and gobs of money to correct anything wrong[/quote]

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