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Ron Paul Prequel - Predicts the Housing Bubble Again!

“Housing prices have risen dramatically not because of simple supply and demand, but because the Fed literally created demand by making the cost of borrowing money artificially cheap” Ron Paul 2007

The Coming Supply/Demand Real Estate Inventory Reversal

Deja vu all over again:

The real estate market as measured by price increase (not volume of sales) is recovering. This recovery is mainly attributable to low interest rates engineered by the Federal Reserve’s quantitative easing (money printing) policies combined with low for sale inventory.

In “Student Loans and Unemployment are Holding Back the Economy and Real Estate Market” I noted the reasons for low inventory:

-the foreclosure rate has been dropping and fewer distressed properties are being put on the market (although there are signs that this trend may be reversing);

-many home owners are still underwater from the last real estate bust and can’t sell;

-still other home owners who have positive equity in their homes are viewing the recent uptick in home prices as a sign that prices will continue to rise and are holding back on listing their homes hoping for higher prices; and

-new home starts in the past five years are well below their historic average

A new survey from Fannie Mae shows that 40% of homeowners think now is a good time to sell up from 16% a year ago.

Just as more home owners start thinking its a good time to sell....
Continue reading: http://smaulgld.com/the-coming-supplydemand-real-estate-inve...

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178 Mark Twain Drive, NC: Not my home. Would be OK if it was.

Lake Lure lakefront home, marketed in 2011: 178 Mark Twain, Lake Lure, North Carolina. Price offered then was $724,900.

Known as The Enchanted Cottage of Lake Lure. 2 bedroom / 3 bath home. Lakefront. Across the channel is the movie site of "Dirty Dancing"! Knotty pine boards, wood burning fireplace, game room, 2 stall boathouse & dock, 140' lakefront. Littlest whole house in Lake Lure. Dancing shoes extra. There's nothing dirty going on.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Ron Paul, peter schiff and others

all predicted the last housing bubble.
Now the fed is doing precisely what led to the last crisis

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Lyrics to "Vincent" by Don McClean come to mind

And how you tried to set them free
They would not listen, they're not listening still
Perhaps they never will

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