Housing Doom Housing Bubble Blog

A nation that forgets its past is doomed to repeat it. - Churchill

June 20th, 2006

When Are Homebuilders Going to REALLY Put on the Brakes?

The stock market rebounded slightly today, comforted, in part, by the slight increase (5%) of housing starts for May.  Some analysts are using this is an indication of a soft landing.  It is far more likely to be indicitive of a crash - here’s why:

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June 20th, 2006

Discussing the Housing Bubble Doesn’t Hurt the Economy

In a letter to the editor of the Arizona Republic published today, Stephen Pauken wrote his objection to Saturday’s “How Low Will it Go?” article.  In the article, the AZ Republic painted a somber picture of the Phoenix market, saying that prices in the Valley could go down 10%.  Mr. Pauken stated his objections as follows:

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