The Next Housing Crash Is “Coming Soon” – Dave Kranzler
If you’ve bought in the last two years you will be underwater sleeping with the fishes like Luca Brasi (from “The Godfather”) in the not too distant future. – Jim Quinn, The Burning Platform
TND Guest Contributor: Dave Kranzler |
Anyone seeing a surge in “Coming Soon” signs on top of realtor signs? I drive all around Denver almost everyday surveying the housing market from a “boots on the ground” perspective. I’m seeing both a lot more “coming soon” and “for rent” signs in every neighborhood. For those who don’t know, “coming soon” just means that one broker has an exclusive right to sell a home for short period of time before it’s listed officially in the MLS database. It represents “for sale” inventory that does not get picked up by NAR estimates for about three months (NAR inventory numbers lag).
The housing market has already crashed. The crash occurred in 2005-2006. The visible evidence of the crash emerged in 2007-2009 when foreclosures piled up and prices crashed. The reality is that were are in the middle of housing bear market that was interrupted by several trillion dollars of market intervention – direct and indirect – by both the Federal Reserve and the U.S. Government. Several trillion dollars and this is all we get for a dead cat bounce?
You can read the rest of my analysis here: April New Home Sales, Homebuilder Sentiment And Overvalued Homebuilder Stocks.
One aspect that no one is discussing is the fact that in the last several months, a preponderance of home sales volume has been driven by “mom and pop” speculators. While historically “retail” flippers have been using cash to buy homes, current data shows that the most of them have resorted to using mortgage debt.
We’ve seen this movie before. This Fed-fueled dead-cat market bounce in housing is just about over and the next leg down will particularly brutal, especially for anyone who has legitimately bought a home to live in over the last couple of years.
# # # #
About Dave Kranzler:
I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.
Follow All Of TheNewsDoctors.com’s Exclusive Articles:
http://thenewsdoctors.com/category/thenewsdoctors-exclusive/
OR
Subscribe To Receive All TND’s Exclusive Articles In Your RSS Feed:
http://thenewsdoctors.com/category/thenewsdoctors-exclusive/feed/
Source: http://thenewsdoctors.com/the-next-housing-crash-is-coming-soon-dave-kranzler/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
