Alternative View: Is housing market bottomed?

http://www.businessinsider.com/prepare-for-the-coming-housing-collapse-2012-9

Believe whatever you like to believe.

Here is what I know from first hand sources:

My friend knows the team who manages foreclosured properties for all banks in a major southern city.

One of the team lead was laughing at the state of housing market:

Market bottomed? Banks simply hold off significant amount of the foreclosure properties to let them depress the market price. We see people move into foreclosure home, turned on water and electricity then just live there. We told banks about those incidents. Banker just replied: Let them live there, it is better than leaving them empty. In other cases, we see empty properties start to rot.

You figure out this by yourselves if you dig deep enough.

Why FED continues stealth QE? Answer: something is rotton, likely banks.

所有跟帖： 

• They won't believe you anyway. -越王剑- ♂ (74 bytes) () 09/06/2012 postreply 19:24:57

• Why his opinion is conflict of interest ? 请明示 -08明前茶- ♀ (0 bytes) () 09/06/2012 postreply 19:31:32

• conflict of interest of this board. hehe... -越王剑- ♂ (0 bytes) () 09/06/2012 postreply 20:12:00

• 这么说你是赞同lz的观点啦 -08明前茶- ♀ (0 bytes) () 09/06/2012 postreply 20:31:06

• here is the Yale Professor Robert Schiller Not Ready to call the -tequila_sunrise- ♀ (85 bytes) () 09/06/2012 postreply 19:35:20

• How so? "Banks simply hold off significant amount of the -Pinerock- ♂ (162 bytes) () 09/06/2012 postreply 21:53:48

• 我希望银行能将foreclosure 的房子尽快放出来， -laoyangdelp- ♀ (224 bytes) () 09/07/2012 postreply 10:24:32