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Seems like there's a huge opportunity there when the LV market recovers enough. The thing is, the core cause of the housing crisis is still there- the cost of
by MCRed 12y ago
Seems like there's a huge opportunity there when the LV market recovers enough.
The thing is, the core cause of the housing crisis is still there- the cost of money is being kept artificially low. The fed is effectively pumping cash into the economy and keeping interest rates below the market cost of money, which means that cash has to find somewhere to go.
Right now it's going into stocks and a lot of hedge funds and the like, but eventually it's going to result in a bubble.
Like pushing air into a balloon, the balloon can't help but inflate.