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PSPS

(15,294 posts)

6. You've got it. This isn't good news at all.

Reply to Safetykitten (Reply #4)

Tue May 28, 2013, 10:00 PM

May 2013

The media is trying to imply this is good news but it is actually horrible news. Why? Because this rise in values isn't matched by a rise in incomes. In other words, this is a "leading indicator of bubble." We're getting back to NINJA nonsense again.

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Highlight:

US home prices rise 10.9 pct., most since 2006 [View all] Zorro May 2013 OP

Investors and speculators. enlightenment May 2013 #1

65% of households in the US still are home owners bhikkhu May 2013 #2

When mortgage rates rise (and they inevitably will) customerserviceguy May 2013 #3

Actually, higher mortgage interest rates would make a better real estate market PSPS May 2013 #5

Better for buyers, maybe customerserviceguy May 2013 #7

No, better for both. PSPS May 2013 #9

And right on time our Fed at work reinflating another bubble. Safetykitten May 2013 #4

You've got it. This isn't good news at all. PSPS May 2013 #6

daily ticker video jakeXT May 2013 #8