Dr. Housing Bubble Blog

When the global housing bubbles collapse like a row of dominoes – Canadian housing bubble at apex. Real estate markets from Australia, UK, Italy, and Ireland now into correction phases.

drhousingbubble — Wed, 25 Jan 2012 18:47:24 +0000

Never in the history of our modern economic system have we had coordinated housing bubbles rage across the world like some sort of financial plague. The proliferation of boiler plate media and the ubiquitous spreading of banking debt made the real estate religion spread quicker than any time in the past. The way real estate [...]

Baby boomers and the 4 million seriously delinquent loans – 10,000 Americans turn 65 years of age each day and this trend will go on for nearly two decades. Housing starts and completions reach record low in 2011.

drhousingbubble — Mon, 23 Jan 2012 08:06:56 +0000

The prospects of a housing recovery in 2012 seem unlikely as continued weak momentum carries over from the second half of 2011. Globally, housing bubbles are entering into peak mania phases as hot money seeks a safe harbor for the short-term. Back here in the United States, we can look at the cold hard reality [...]

The rise of the investor and affordable home buyer class – Southern California has hit a lost decade when it comes to nominal home prices. Median home price of Southern California back to 2002 levels. Record number of absentee investors purchasing homes.

drhousingbubble — Wed, 18 Jan 2012 16:58:33 +0000

The median home price of a home in Southern California is down to $270,000. Would you like to know the last time we were at this level? You would have to go back to 2002 to find the first crack at the $270,000 mark. To sum it up we have now reached a nominal lost [...]

The other CA bubble – Canadian housing bubble ripe for popping. Vancouver real estate increased by 142 percent from 2002 to 2011. Average detached home in Vancouver costs roughly $1 million while the median household makes $67,000 per year.

drhousingbubble — Mon, 16 Jan 2012 03:18:33 +0000

In the last few years I’ve noticed that many of the cable finance and housing shows highlight families in Canada. Shows that talk about debt or home buyers are usually focused on families in Canada which is rather odd given that we are here in Southern California. Yet the funny thing about these shows is [...]

University of debt and home buying – recent college graduates and the growing inflation in college tuition. Many recent graduates unemployed or working in jobs that require no college degree. University of California tuition tripled in last decade while California incomes went stagnant.

drhousingbubble — Fri, 13 Jan 2012 18:26:11 +0000

Younger Americans, especially recent graduates are starting to question the limits of debt. Many are paying incredibly high prices for a college education and are living through a decade where most of the financial pain around the world was brought on by misuse of debt. Some of these younger Americans have seen their family’s household [...]