944. See how big the bubble is (1/25/2017) 17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live). Here is a chart of midian home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price. From steep curve you may see how big this bubble is.
945. The 2017 bubble(2/1/2017) It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lended from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosed houses. Then we saw Federal Reserve's Quantitative easy program. That money took over the foreclosed houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubble. A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate ballon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility. I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housing bubble. 2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2) (5/7/2016)") 3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence. http://wolfstreet.com/wp-content/up...nia-median-home-sales-prices-1971-2015-05.png
946. Two unprecedented big bubbles(2/8/2017) Real estates bubble.(see chart at #944) Stock market bubble. You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses. finance.yahoo.com/news/trump-halt-obama-fiduciary-rule-063803815.html Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater? It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump? Read 2 and 3 of last message(#945) to see how the Feds rule this country.
why worry since it is only SF not entire nation, since SF can probably afford it thanks to hi tech, and since lenders and borrowers are well aware of 2008 crash!!
Not all "hi tech" money. Consider "the central bank had spent close to $40 billion per month in mortgage-backed securities." there is reason that all these Quantitative Easy money were poured to blow up that big bubble. With 40 billion in each month, that is much bigger than the "hi tech" money played.
I think you are seeing something more dubious than either happening right now. I suspect that an anticipated US-China trade war has people fleeing to dollar backed assets even if they are way over-priced.
The Debt Ceiling Deadline Has Passed; Now The Biggest Test Of Donald Trump's Presidency Begins... by Tyler Durden Mar 17,2017 On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised. For the moment, the Trump administration can implement “emergency measures” to stay under the debt limit, but it won’t be too long before we get to a major crisis point because the federal government is quickly running out of cash. Already, the U.S. Treasury has less cash on hand than Apple or Google, and that cash balance is going to keep on dropping until the debt ceiling is finally lifted. http://www.zerohedge.com/news/2017-...-biggest-test-donald-trumps-presidency-begins
The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers” Mac Slavo March 27th, 2017 As global financial markets teeter on the edge of collapse, a report published this morning suggests that the run up in the U.S. dollar may be over. As of today, some 80% of post-Trump election gains have been wiped out and as noted in the special video report from Future Money Trends below, it appears that things are only going to get worse: China sold more U.S. Treasuries last year than any country has ever sold in a single year… $188 billion worth… Japan is also making an exit, selling nearly $30 billion since election day… Belgium, Switzerland and Saudi Arabia have all become big sellers too… Official national debt is $20 Trillion… the real debt has been calculated to be $200 Trillion… what’s not included in the official numbers is social security, Medicaid and Medicare obligations… Think about it… every penny spent on the military, welfare programs, foreign aid and even your Congressman’s paycheck… it’s all borrowed money… http://www.shtfplan.com/headline-ne...i-arabia-have-all-become-big-sellers_03272017
Some of that flight may be connected to the trend to want to get away from cities and suburbs into a somewhat calmer and more peaceful lifestyle where the probability of being less dependent on big business is real. Could a real estate boom plus better Fed policy pay off USA national debt?
