You are currently browsing the The Pennsylvania Conservative weblog archives for the day October 25, 2006.
October 25, 2006 by Matt Heckman.
After reading this today I would not expect the Dow to stay at 12,000 for too long. Just like the Tech Bubble, the housing market is going to impact us the same way. The big difference between the two however is that the housing market has been inflated to meet a false demand. Have any of you noticed all of these new developments that have real estate signs up for sale? If there is such a high demand for houses, then why are they on the market for almost a year after they are built? Truly if people are begging for houses they would have been bought and paid for on the spot. The truth is that when you create a massive supply to meet a low demand, the price will drop just as we are now seeing with the real estate bubble. Investors are seeing the over flow of supply, and low demand, and economics 101 states that the price will fall. You can read about this story here.
http://www.breitbart.com/news/2006/10/25/D8KVN3000.html
Posted in National Politics, Misc. | Print | 2 Comments »