September 30, 2006

Japan historic land price chart versus the US today - where are we now?

14 comments:

Disgorge! said...

I think the "it's better to rent" comment should be at the apex of the pyramid.

Disgorge! said...

Oh I see, the comments are from the know-nothings.

Chris G said...

Looks about right to me.

I still can't believe that dimwit Lereah used the word "plateau", just like that dimwit back in 1929.

Mr Vincent said...

Yeah, we are on the other side of the mountain with a long way to go down.

Alot of news coming out about mortgage fraud, actually its the standard lending practices of the last few years that is now finally being called mortgage fraud by the FBI.

Casey, forget about your blog and find a nice rock to hide under.

stocksystm said...

Motley Fool has an interesting take on the recent Harvard report on housing:

http://tinyurl.com/g5899

Anonymous said...

Instead of reading Keith's pritating of other blogs, read the real thing:

http://tinyurl.com/l27xh

Anonymous said...

hEY BORKA...WHERE YOU AT?

keith said...

Mish's blog is fully credited in this post - it linked right to him

If that's not clear, let me make it clear - I LOVE MISH'S BLOG

cheers

Anonymous said...

A lot of news coming out about mortgage fraud. Actually its the standard lending practices of the last few years that is now finally being called mortgage fraud by the FBI.
+++++++++++++++++++++++

Yep. Put on your helmets and look out below!

Anonymous said...

There is a really insightful -- and scary -- article about the imploding housing bubble on Barron's this week. The article's title is:

Florida's Housing Hurricane
by Mike Morgan.

"MIKE MORGAN is a real-estate broker in Stuart, Fla., and owner of Morgan Florida, which offers residential, commercial and investment real-estate services and research."

"The hurricane is upon us -- and it is too late to put up hurricane shutters or get out of the way."

Anonymous said...

hEY BORKA...WHERE YOU AT?
-----------------------------------

He's cleaning a toilet somewhere.

45north said...

The chart shows that over 24 years the price of land doubles and then drops back to where it was. The Japanese had and have maybe the highest savings rate in the world. Americans have the lowest. So doubt turns to panic in a heartbeat! The housing market seems purposely designed to undermine the American Financial System - consumer confidence, confidence in banks, the FED - everything. Still God leads his people and holds the United States of America close to his heart.

God bless America!

Anonymous said...

if it's a conspiracy, it's a conspiracy of greed and stupidity.
all the different players have their own little reason to purpetuate and deny the existance of the bubble.

panicearly said...

45north said
"Still God leads his people and holds the United States of America close to his heart."

are you serious? please expand