Comments on: Lying Dirty Scoundrels of Housing: 3 Additional Factors to the Housing Explosion: Money Supply, Consumer Inflation, and Celebrities? http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 08 Oct 2008 08:44:46 +0000 http://wordpress.org/?v=2.2.2 By: Anonymous http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-660 Anonymous Thu, 19 Apr 2007 23:19:00 +0000 http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-660 It's LOOSE, not LOSE. It’s LOOSE, not LOSE.

]]> By: Anonymous http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-638 Anonymous Mon, 16 Apr 2007 13:59:00 +0000 http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-638 Thanks Dr. Housing Bubble!<br/><br/>The portion of your post pertaining to Casey Serin is about to become fodder for discussion at a site devoted to debunking Serin's dishonesty: ExUrban Nation<br/><br/>http://exurbannation.blogspot.com Thanks Dr. Housing Bubble!

The portion of your post pertaining to Casey Serin is about to become fodder for discussion at a site devoted to debunking Serin’s dishonesty: ExUrban Nation

http://exurbannation.blogspot.com

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-615 Dr Housing Bubble Fri, 13 Apr 2007 15:36:00 +0000 http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-615 sed,<br/><br/>Nice article. And I thought I had a sarcastic view of economics. Glad to be in good company of a respected housing bear. Thanks for keeping me posted.<br/><br/>anon 7:30,<br/><br/>Thanks for reading. If you have some disagreements please post them. It'll help the discourse. The only thing I can't stand is pundits that leave no room for error in their analysis. For example those in the REIC claiming that housing always goes up no matter what.<br/><br/>repo4sale,<br/><br/>Thanks. Do you accept Paypal?<br/><br/>anon and carlgrace,<br/><br/>Hard to believe that Bermuda is getting caught up in this action. I remember the story of the couple in Automatic Millionaire and how they retire to a far off island. Again this is a global crunch and prices will fall internationally. <br/><br/>baddriver,<br/><br/>Thanks for the article. Bankrate normally puts out some good tips. The one tip that I think is absolutely crucial is skipping due diligence in researching a purchase. That is why we are hearing all these sob stories of people saying "but my broker didn't say my loan would reset 150%." Oh really? I think that was a minor detail to look into. sed,

Nice article. And I thought I had a sarcastic view of economics. Glad to be in good company of a respected housing bear. Thanks for keeping me posted.

anon 7:30,

Thanks for reading. If you have some disagreements please post them. It’ll help the discourse. The only thing I can’t stand is pundits that leave no room for error in their analysis. For example those in the REIC claiming that housing always goes up no matter what.

repo4sale,

Thanks. Do you accept Paypal?

anon and carlgrace,

Hard to believe that Bermuda is getting caught up in this action. I remember the story of the couple in Automatic Millionaire and how they retire to a far off island. Again this is a global crunch and prices will fall internationally.

baddriver,

Thanks for the article. Bankrate normally puts out some good tips. The one tip that I think is absolutely crucial is skipping due diligence in researching a purchase. That is why we are hearing all these sob stories of people saying “but my broker didn’t say my loan would reset 150%.” Oh really? I think that was a minor detail to look into.

]]> By: baddriver http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-614 baddriver Fri, 13 Apr 2007 14:29:00 +0000 http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-614 you've got to see this article over at yahoo finance:<br/>http://biz.yahoo.com/brn/070412/21076.html?.v=1 you’ve got to see this article over at yahoo finance:
http://biz.yahoo.com/brn/070412/21076.html?.v=1

]]> By: carlgrace http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-613 carlgrace Fri, 13 Apr 2007 13:07:00 +0000 http://www.doctorhousingbubble.com/lying-dirty-scoundrels-of-housing-3-additional-factors-to-the-housing-explosion-money-supply-consumer-inflation-and-celebrities/#comment-613 Anon,<br/><br/>My wife is Bermudian (we live in the states now) so I know the real estate market there quite well.<br/><br/>Bermuda is a highly insulated market. The BS about "they aren't making any more land" is actually true there. This would indicate the market is pretty safe from a total collapse. However, I think there are a few reasons to be concerned about BDA real estate (I liquiated my Bermudian holdings, but mainly because I am concerned about the BDA dollar).<br/><br/>1. The PLP. I could leave it at that, but I will elaborate. One of the main drivers to the BDA real estate market historically has been foreigners, and in particular Americans. With the new rules that only real estate currently held by non-Bermudians can be sold to foreigners, the demand for property will dry up. This is a problem for many Bermudians with smaller homes that are still worth too much for most middle class Bermudians to buy.<br/><br/>2. The Bank of Bermuda. Since the President of the Bank of Bermuda is related to the Premier, the Bank has been making some questionable loans. If the finances of government collapse, the Bank may be dragged down with it. Also, since it is now owned by HSBC, there is much less incentive for the bank to bail out the population in the case of a real estate panic.<br/><br/>3. The exempt companies have been bidding up real estate values since the late 1980s. If tax law in the US or UK changes (as has been threatened), the desirability of Bermuda as a business center could decline. Then, fewer expat workers would lessen demand in Real estate.<br/><br/>All in all, I think BDA real estate is VERY dangerous... but I'm not a seer and I can't see the future. I would say, however, that the emergence of exotic financing in Bermuda is NOT a good sign... Anon,

My wife is Bermudian (we live in the states now) so I know the real estate market there quite well.

Bermuda is a highly insulated market. The BS about “they aren’t making any more land” is actually true there. This would indicate the market is pretty safe from a total collapse. However, I think there are a few reasons to be concerned about BDA real estate (I liquiated my Bermudian holdings, but mainly because I am concerned about the BDA dollar).

1. The PLP. I could leave it at that, but I will elaborate. One of the main drivers to the BDA real estate market historically has been foreigners, and in particular Americans. With the new rules that only real estate currently held by non-Bermudians can be sold to foreigners, the demand for property will dry up. This is a problem for many Bermudians with smaller homes that are still worth too much for most middle class Bermudians to buy.

2. The Bank of Bermuda. Since the President of the Bank of Bermuda is related to the Premier, the Bank has been making some questionable loans. If the finances of government collapse, the Bank may be dragged down with it. Also, since it is now owned by HSBC, there is much less incentive for the bank to bail out the population in the case of a real estate panic.

3. The exempt companies have been bidding up real estate values since the late 1980s. If tax law in the US or UK changes (as has been threatened), the desirability of Bermuda as a business center could decline. Then, fewer expat workers would lessen demand in Real estate.

All in all, I think BDA real estate is VERY dangerous… but I’m not a seer and I can’t see the future. I would say, however, that the emergence of exotic financing in Bermuda is NOT a good sign…

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