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Archive for the ‘Housing Bubble’ Category

Housing Bubble In Canada

Question: Was there a property bubble in Canada and Australia?

I have the impression, right or wrong, that there hasn’t been an economic downturn in these two countries to the same extent as in the US and elsewhere. What’s the real story then? Have the banks been bailed out in Canada and Australia and increases in unemployment and falls in house prices been experienced? Thanks for the info.

Answer: Our banks weren't too much affected in Australia due to strict lending regulations, and our four biggest banks are now 4 of only 11 AAA rated in the world, so we didn't get problems to the same degree as elsewhere. The government guaranteed savings to provide extra confidence. Our economy was very strong before the crisis, our budget was in surplus and interest rates had been raised very high to slow the economy down.

Once the crisis hit interest rates were dropped rapidly, so we aren't in as bad a position now as elsewhere. We also have had fiscal stimulus packages. Exports have dropped, and that is our main problem. Retirement savings have also been lost in the share market. House prices have dropped a bit in some cities, and unemployment has risen a little, but overall we are better off than elsewhere.

Barney Frank Created the Housing Bubble

Housing Bubble Depression

KEEP A JOURNAL OF THESE TIMES! March 6, 2009

Ten years ago I wrote a column with a similar title, saying “Someday your grandchildren will become excited about a future bull market, and you’ll certainly want to tell them about the Great Bull Market of the 1990’s. But you’ll need considerable proof or they won’t believe you. So keep a journal; about how wild the frenzy is to own tech and Internet stocks at any price, of how IPO’s of unknown startups shoot up 200% in a week, of how America Online, still trying to make a profit, is valued at more than the combined value of Delta Airlines, Federal Express, Texaco, Raytheon, Litton Industries, Colgate Palmolive, Union Carbide, Pepsico, Hertz Corp, J.C. Penney, and Sears. And be sure to include this week’s news that brokerage firm Donaldson, Lufkin, and Jenrette has opened “trading kiosks” halfway down several ski slopes at Vail, Colorado, so skiers can stop on their way down to check on their stocks, make trades, and then continue down the slope.”

As I said at the time, if that was not a mania and a bubble, then the definition of those terms would surely have to be re-written.

Shortly thereafter we saw the severe 2000-2002 bear market, in which the S&P 500 lost 50% of its value and the Nasdaq, home of most of the tech and Internet stocks, lost 76% of its value.

We then saw the 2002-2007 bull market that carried the Dow and S&P 500 all the way back up to their peaks of early 2000, (but not the Nasdaq, which recovered less than half of its losses).

Then we saw the bursting of another bubble, this time in housing, and the current even more severe bear market in stocks, which has dropped the stock market below its lows of the 2000-2002 bear market, in fact back to its levels of 1997.

Yes, it has been historical times.

Someday, just as our grandparents and great-grandparents told us about the great crash of 1929-32, we will be telling our grandchildren the stories of 2008 and 2009. And again, you may need proof if they are to believe you. So once again I say keep a journal of these times.

Otherwise they may not believe for instance that in 2009 a share of one of the largest bank conglomerates in the world, CitiGroup, could be bought for $1, less than they charge for a withdrawal from one of their ATM machines, a hundred shares for a hundred bucks; or that a share of G.E., which just two years before was being honored as the best run company in the world, could be had for the price of a Big-Mac burger. Or that shares of once mighty General Motors, of which it was said for several generations that “As goes General Motors so goes the nation,” could be had for less than a cup of coffee, except that no one wanted them since the company said it was probably headed for bankruptcy. (Let’s hope the old saying that as goes GM so goes the nation no longer has any truth to it, since for generations when GM was doing well the nation was doing well, and when GM struggled, so did the nation. GM heading for bankruptcy?).

Meanwhile, you’ll also want to tell your grandchildren how, as has happened often over the last 100 years, once again in 2008 and 2009 banks and brokerage firms were under investigation by Congress and regulators, trying to figure out how their greed and risk-taking again got out of control, how their problems again threatened the collapse of the entire financial system and economy, how many went under before it was over; how the market collapse had Ponzi scheme crooks again coming out of the woodwork; while economic conditions were downright scary.

When we tell them the story, our grandchildren will likely ask what the difference was between the risk-taking banks, and the risk-taking speculators in the Internet bubble, or the housing bubble. We’ll tell them that one of the biggest differences was that, as usual the banks and Wall Street firms risked and lost other people’s money.

Yes, we are living in historic times that will be analyzed and critiqued for generations to come.

We will come out of it, at this point probably sooner rather than later (with 12 years of the previous excesses already taken out of the stock market).

But how that will be done is still the unknown and unwritten story.

Sy Harding publishes the financial website www.StreetSmartReport.com” target=”_blank”>www.streetsmartreport.com”>www.StreetSmartReport.com and a free daily Internet blog at www.SyHardingblog.com” target=”_blank”>www.syhardingblog.com”>www.SyHardingblog.com. In 1999 he authored Riding the Bear – How To Prosper In the Coming Bear Market. His new book is Beat the Market the Easy Way! – Proven Seasonal Strategies Double Market’s Performance!

About the Author:

Sy Harding is CEO of Asset Management Research Corp., author of 1999’s Riding the Bear and 2007’s Beat the Market the Easy Way, editor of www.StreetSmartReport.com, and www.SyHardingblog.com.

Source – Keep A Journal Of These Times! March 6, 2009

Housing Bubble vs. Great Depression

Housing Bubble California

Question: Where is California Real Estate at with the Bubble Effect?

Please inform me of this matter or how this is going. Is there any estimate of what year the houses around the coastal/bay areas will be as affordable as a home in Texas?

Answer: I doubt that they will ever be as affordable as a home in Texas. There are more people here, and less land to build on, so the demand for homes is higher, so the price will probably never come down to Texas levels. It may level off some, but then it will probably start creeping back up, although prices may never recover to the bubble days.

Dr. Housing Bubble - Real Homes of Genius

Housing Bubble Define

New York is probably one of the most recognised cities in the whole world. The Statue of Liberty is a landmark known the world over, and is what defines New York City as one of the most famous cities in the world. Because it is a famous the whole world over, many people want to move here to live, meaning that they require some sort of help to do so. New York City is maze of roads, avenues and side streets, and trying to find your way around if you don’t know the place very well can sometimes be difficult. This is why when it comes to moving goods to this great city you need to call on experts, like Movers New York.

Movers New York are highly skilled and highly trained specialists, using the proper moving boxes to perfectly suit your needs and providing a top quality, unrivalled service. Movers and packers in New York can cater to your needs regardless of whether you are moving from New York or moving to New York. Whatever you require their services for, Movers New York will make sure you get the best people to help you with your move. Movers and packers in New York not only provide a quality, efficient service for their many clients, they also use only the best moving supplies and moving boxes to ensure that the job is done with maximum safety, and to safeguard your goods during transit. The moving boxes they use are made of high-strength cardboard, and each one carries details of the maximum weight it can carry. This ensures your boxes are filled with the right goods and only to the correct weight. This can be quite a difficult job and so it is best to only use people skilled at working with moving boxes and other moving supplies.

The moving boxes used by Movers New York are all made from cardboard. This means that not only are they strong and durable, but the can be recycled too. This is great for the environment and this is something New York movers and packers take very seriously. Movers and packers in New York can also supply moving kits as well as moving boxes. These kits contain important tools, such as duct tape, bubble wrap and marker pens, which all make the job of packing moving boxes a little bit easier, especially when it comes to unpacking the goods from the moving boxes later on.

Movers New York are committed to providing the best service, but their main concern is safety. They want to get your moving boxes transported to your destination as efficiently, but as safely, as possible. They take extra precautions when packing up your goods, such as lining boxes with a layer of foam, to ensure that there will be no damage to any goods packed into moving boxes. It is this level of care that makes Movers and packers in New York stand out from the rest.

Moving to a new town, city or area can be unsettling, nerve-wracking and stressful for everyone involved. Movers New York and their trusty moving supplies and moving boxes are committed to making this experience as stress-free as it can possibly be. So whether you are starting a new life in this wonderful city or leaving it for newer pastures, Movers New York will make sure everything goes like a dream.

If you are moving house from or to New York, you will need the specialist services of Movers New York and strong moving boxes. Call us now for all your requirements for moving house

About the Author:

I am a Microsoft Certified Professional (MCP,MCSD, MCAD.Net,MCSD.Net, MCP-.Net 2.0). I have been conducting Training and Certification Guidance for Microsoft Certifications for the past 8 years. I also own and manage a Web Design and Development Company and a SEO/SEM Company. I also like to write Articles on various subjects.

Source – Movers New York – are the experts when it comes to packing up and moving house

homes4aussies – Bubble of the Day 13 – Housing Crisis in Oz

When Did The Housing Bubble Start

Question: paint bubbling on walls?

we are painting the walls in our house with valspar satin paint and right after we put the paint down and it starts to dry, bubbles start to appear. why is this?
we painted over already painted walls that had a flat finish on it.
what type of primer? and would we need to repaint?

Answer: This could be the result of moisture under the paint. (Did you paint a second coat before the first coat had a chance to dry?)

Whatever the cause, the likeliest solution is to sand the bubbles down until you reach the paint that is adhering properly. Be sure to get rid of the sanding dust (tack cloth, damp rag, etc.). If you use a damp rag, be sure that the area is completely dry before proceeding. Use a primer (like "Kilz" brand) on the sanded areas. Allow to dry. Apply the finish paint, blending out from the bubbled area into the adhered paint area a few inches.

Note: Some paints (inexpensive, or certain colors) may require the entire wall to be finish coated again to avoid lap lines (areas where brush/roller marks are visible even after paint has dried).

Hope this helps you.

Financial Derivatives: What are They? - Housing Bubble Collapse - Unregulated Insurance