Our house prices overvalued the past 15 years or so, when will this false real estate bubble pop?

as we all know house prices are corrupt and the loans are corrupt....when will the equilibrium take effect...you know house demand will balance with house price.....cause house demand is too high, and house price is too high, when will demand fall.....when we can't get anymore loans.....when prices go up even higher......i think we need to stop making STUPID loans to STUPID people, cause STUPID banks are hurting SMART people that DID WITHOUT to SAVE for their house, the SCUM of the world will put nothing down and be SCUMMY and foreclose, the SCUMMY person will know their payments will go UP AND UP....and STILL buy the house, STUPID PEOPLE HURT EVERYBODYOur house prices overvalued the past 15 years or so, when will this false real estate bubble pop?
Have you had your head buried in sand for the last 9 months? What do you think is happening right now?



Home prices are coming down because there are no buyers. There are no buyers because the bank won't give anyone money right now. Because there are no buyers (and essentially no demand) prices are falling. Because prices have fallen more and more people are 'upside-down' on their houses (owe more than it's worth) which is fueling more foreclosures and short sales which adds more pressure to lenders.



The bubble is popping right now! Many areas that had crazy appreciation are in free fall right now.



good luck!
Greedy realtors and brokers absolutely are responsible for the overvalued properties. They are the only 2 groups of people who made out like bandits. Neither realtor nor broker are necessary to buy a house. Pay $200 go to your local college and take a non-credit real estate course so you know what to do. Why pay some idiot 3-6% comission just for a few hours of work? The bubble is popping and continues to pop. I just bought another property which has income and built in equity. The asessor told me I'm getting a superb deal. I have 100k of built in equity with the downturn. It needs about 15k in work and it's still a bargain (mostly cosmetic though). I don't feeel bad for people who follow others like cows to the slaughter because nobody thinks for themselves. They just listen to everyone else. If you buy stock in the short term and sell it short you will be burned the same way as a house.Our house prices overvalued the past 15 years or so, when will this false real estate bubble pop?
Did you go off your meds?
Now that you have your RANT and RAVE OFF YOUR CHEST. If you take a close look at the housing market you will see that there has been a STEADY decline in prices. Mainly because of the short sales, foreclosures, and bpo. Do not kid your self people who bought had no idea that the housing bubble would burst--did you? The entire blame cannot be blamed upon one sector but it is here and if you are serious about buying then there are some fantastic buys out there now. As for everyone being STUPID well your way off base and just angry.Our house prices overvalued the past 15 years or so, when will this false real estate bubble pop?
I hear ya.



I made sure I had at least 20% down before I started shopping.



I'm looking in the nicer areas, and those places hardly ever drop only went up when all the crazy people and crazy loans.