Are people so real-estate-crazy they can’t see how insane this has become?
One of its “Biggest New-Housing Construction Booms in History”
Intoxicating boom and terrifying bust.
Bottom falls out of luxury real estate. Even houses.
During the worst time of the year?
Time for people who can’t afford living here to make room for those who can: “real estate rock star”
“Reminds me of what happened in mortgage-backed securities in the run up to the crisis.”
Those few warning of a housing crash are “scaremongers” – now playing out in Australia.
Commercial Mortgage Backed Securities “cannot afford a repeat of 2008-2009.”
“Fortunately, there’s little need to fret about households’ ability to carry all that debt.”