Warren Buffett president of Berkshire Hathaway Inc. said in May 2005: "Certainly at the high end of the real estate market in some areas, you've seen extraordinary movement…. People go crazy in economics periodically, in all kinds of ways. Residential housing has different behavioral characteristics, simply because people live there. But when you get prices increasing faster than the underlying costs, sometimes there can be pretty serious consequences." [tags]housing bubble,real estate bubble, real estate market, California real estate[/tags] downtown San Diego condos
4 thoughts on “Many Warned about the Housing Bubble … Few Listened”
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No one pay any attention to reason in a mania. Houston Texas divorce lawyers
Downtown condo values have continued to slide. Homes are languishing on the market for many months while the inventory of unsold homes have grown. No real change is expected before the middle of 2008. San Diego downtown condos
The job of a realtor is to show homes that fall into a certain price range (usually a price range recommended by the lender…not the real estate agent).
As a real estate agent, I never recommend a lender – most buyers have already been pre-qualified or pre-approved (for what that is worth), but if they have not, I tell them to call a few banks and mortgage companies (and stick with the familiar names in the industry).
HOW AM I, AS A REAL ESTATE AGENT, TO BE BLAMED IF MY BUYER AGGREES TO THE TERMS OF AN AJUSTABLE RATE MORTGAGE AND IS UNABLE TO REFINANCE BEFORE THE LOAN RESETS?
Clarke
San Francisco Law
After i click on your RSS feed it appears to be a lot of garbled text, may be the malfunction on my side?