http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-50371 Historical Financial Charts: Are You Invested In These Markets? » Money and Personal Finance Blog In Silicon Valley Mon, 09 Jul 2007 14:30:43 +0000 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-50371 [...] historical housing chart has been making the rounds of the net. I have seen it at Bigger Pockets and Get Rich [...] [...] historical housing chart has been making the rounds of the net. I have seen it at Bigger Pockets and Get Rich [...]

]]> http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-49861 Top 5 Mistakes Made By Real Estate Investors During the Housing Bubble | Real Estate Investing for Real Blog Fri, 11 May 2007 06:41:53 +0000 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-49861 [...] Exhuberance - Take a look at the image in my previous post about irrational exuberance from back in August 2006. It doesn’t take a brain surgeon to see that the market was WAY [...] [...] Exhuberance – Take a look at the image in my previous post about irrational exuberance from back in August 2006. It doesn’t take a brain surgeon to see that the market was WAY [...]

]]> http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-11051 Real Estate Investing For Real | A BiggerPockets Blog » Blog Archive » Real Estate Bubble Popping, Housing Starts and Building Permits Tumble Fri, 17 Nov 2006 18:12:53 +0000 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-11051 [...] For those looking to buy a home, this is nothing but good news. The irrational exuberance that has been plaguing our housing market has finally really started to dissipate. With builders quickly dropping prices on their new homes, and previously owned homes staying on market for longer and longer, it is finally starting to look like a buyers market once again. Don’t get too excited yet, though. With thousands, if not millions of people in homes they can’t afford thanks to risky loans, it looks like the market will only continue to decline until foreclosed homes have truly hit a feverish pace. We need to see everything balance out before we’re close to the bottom of this giant real estate bubble. Buyers will likely be rewarded if they can continue to show patience. PermaLink  |    |    |    |    |    | |    | |   More » [...] [...] For those looking to buy a home, this is nothing but good news. The irrational exuberance that has been plaguing our housing market has finally really started to dissipate. With builders quickly dropping prices on their new homes, and previously owned homes staying on market for longer and longer, it is finally starting to look like a buyers market once again. Don’t get too excited yet, though. With thousands, if not millions of people in homes they can’t afford thanks to risky loans, it looks like the market will only continue to decline until foreclosed homes have truly hit a feverish pace. We need to see everything balance out before we’re close to the bottom of this giant real estate bubble. Buyers will likely be rewarded if they can continue to show patience. PermaLink  |    |    |    |    |    | |    | |   More » [...]

]]> http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-5383 Real Estate Investing For Real | A BiggerPockets Blog » Blog Archive » Senate Hearing: The Housing Bubble and its Implications for the Economy Wed, 13 Sep 2006 16:37:27 +0000 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-5383 [...] I’m glad they are looking into the situation, but as I’ve said in the past, our politicians usually look at these situations too late. After housing prices have climbed in a market of irrational exuberance for the past five years, the bubble looks four to five times greater then the booms of the 70’s and 80’s. [...] [...] I’m glad they are looking into the situation, but as I’ve said in the past, our politicians usually look at these situations too late. After housing prices have climbed in a market of irrational exuberance for the past five years, the bubble looks four to five times greater then the booms of the 70’s and 80’s. [...]

]]> http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-5176 Great Blog For Real Estate Agents at Realty Thoughts Wed, 06 Sep 2006 20:36:48 +0000 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-5176 [...] Sharing information is what makes the internet a beautiful place. So with that in mind, I like to share a great blog for real estate agents. BiggerPockets.com is a great blog for those who love to crunch numbers or at least like to see the aftermath of number crunching. Click away and enjoy. Filed under: Real Estate Agents, Realty News   |   [...] [...] Sharing information is what makes the internet a beautiful place. So with that in mind, I like to share a great blog for real estate agents. BiggerPockets.com is a great blog for those who love to crunch numbers or at least like to see the aftermath of number crunching. Click away and enjoy. Filed under: Real Estate Agents, Realty News   |   [...]

]]> http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-5152 Real Estate Investing For Real » Blog Archive » Toxic Mortgages, The Map of Misery, and Option ARM Hell Mon, 04 Sep 2006 02:41:25 +0000 http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/#comment-5152 [...] Now, all of a sudden, everyone is talking about it. Where were the publications and the politicians back when this all started? Busy, I guess. The market has topped after years of irrational exuberance, and as you can read from either the Business Week article, or from one of the many housing bubble blogs, things aren’t looking good. Many of the option ARMs taken out in 2004 and 2005 are resetting at much higher payment schedules — often to the astonishment of people who thought the low installments were fixed for at least five years. And because home prices have leveled off, borrowers can’t count on rising equity to bail them out. What’s more, steep penalties prevent them from refinancing. The most diligent home buyers asked enough questions to know that option ARMs can be fraught with risk. But others, caught up in real estate mania, ignored or failed to appreciate the risk. [...] [...] Now, all of a sudden, everyone is talking about it. Where were the publications and the politicians back when this all started? Busy, I guess. The market has topped after years of irrational exuberance, and as you can read from either the Business Week article, or from one of the many housing bubble blogs, things aren’t looking good. Many of the option ARMs taken out in 2004 and 2005 are resetting at much higher payment schedules — often to the astonishment of people who thought the low installments were fixed for at least five years. And because home prices have leveled off, borrowers can’t count on rising equity to bail them out. What’s more, steep penalties prevent them from refinancing. The most diligent home buyers asked enough questions to know that option ARMs can be fraught with risk. But others, caught up in real estate mania, ignored or failed to appreciate the risk. [...]

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