2006-07-20 14:02:48 · 5 answers · asked by Rolly 2 in Business & Finance ➔ Renting & Real Estate
The bubble hasn't burst yet. You know the bubble has burst when banks and savings&loans are going broke.
But the bubble is close to bursting. The pimple is huge and shiny and you can see blood and pus under pressure inside it.
The zit is gonna pop!
2006-07-20 14:09:39 · answer #1 · answered by urbancoyote 7 · 0⤊ 1⤋
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2006-07-23 02:00:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Location location location. It depends on where you live. Look at housing absorption, vacancy rates and what builders are doing.. If your area doesn't have 4 or more months available housing supply, low vacancy rates and builders aren't offering deep discounts or large incentives then your area probably isn't in too much trouble. Just because housing isn't appreciating at 20% a year doesn't equate to a bubble bursting.
2006-07-21 04:13:59 · answer #3 · answered by GaryODS 3 · 0⤊ 0⤋
The bubble has not burst. But, it will soon because the cost of housing is not sustainable.
The lovely metaphor as told by the previous answer is disgusting, but true.
2006-07-20 21:12:31 · answer #4 · answered by Just a Girl 3 · 0⤊ 0⤋
No burst just about to bottom out. Mr. Greenspan can fix all this but, oh well....
2006-07-21 08:14:48 · answer #5 · answered by Sleek 7 · 0⤊ 0⤋