The Housing Bubble Mantra: Hurry! Buy Now!


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The LivingLies team

The media is reporting that US housing starts, or the construction of a new house, fell more than expected in March. It is reported that buyer traffic is having the best run since 2009, and that consumers are facing stiff competition and a low supply if you’re shopping for a home.

Where have we heard this before?  Prior to every market bubble that implodes, the mainstream media spins the “buy now or lose out” message so that the herd jumps blindly back into the market, while investors and banks start to short the same markets.

Duetsche Bank who is in a death spiral is reporting that the overall recovery of the housing market continues, particularly among single-family units.

Despite the recent housing dip, the media reports that housing starts hit a four-month high this February. The biggest driver for this trend is single-family home purchases, thus, the…

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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