“Evidence Of A Sweeping Housing Bust Is Starting To Appear”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

investmentresearchdynamics.com / By David Kranzler / October 23, 2014

Bloomberg notes, for instance, that in the immediate vicinity of One57, three copycat buildings are “rushing” toward completion, and “some real-estate experts warn of an oversupply of luxury dwellings.” Across the river in New Jersey, the story is the same: “Real estate officials are predicting the [market] is heading toward a glut” (NorthJersey.com, Sept. 21).

In the housing bellwether of Southern California, sales plunged in July and August. In fact, at less than 18,800 units sold, they were down 18.5% from a year earlier, the lowest total in four years.  (source link for both quotes: Vantagepointtrading.com)

It’s coming.  I’m seeing in the number of newly listed homes on the market all around Denver.I get a daily email from REColorado.com that is filtered to send new listings and price reductions for all the zip codes in central Denver.  I get several of each every day now.

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Thanks to BrotherJohnF