A mortuary of 7,000,000 止赎 and counting: Nation still faces 9.1 million properties that 是 seriously underwater.
如果在荒野中发生止赎，它会发出声音吗？似乎人们已经方便地忘记了自住房危机爆发以来，我们已经 见证了超过7,000,000个止赎. Do you think these people believe the Fed is almighty and can stop a speeding train or turn water into wine? Apparently some people forget that the Fed failed 至 prevent the tech bust or the housing bust in the first place. Now, the Fed is somehow the cult leader and the leader will not let housing values fall. The nation still has 9.1 million seriously underwater 首页owners on 至 p of the more than 7 million that have gone through foreclosure. It is abundantly clear that the mindless drivel of “buying is always a good decision” is just that. Investors 是 starting 至 pull 回到昂贵的状态，因为很难找到价值。我看到开放式房屋上的旅鼠，你可以看到他们嘴边的流口水，希望有一点点房地产。美联储不管好坏，都把我们变成了投机者。简单地将钱存入银行是一场失败的战斗，因为通货膨胀正在侵蚀您的购买力。但是工资没有跟上。您所拥有的是与投资者，外国资金和低库存的市场竞争的人们，他们试图猜测美联储的下一步行动。然而，科技泡沫破裂和房屋崩盘（请记住，这些事件仅发生于2000年）是美联储未能阻止的重大事件。
The big question for 人y is whether buying 至 day makes sense. Hopefully the 7 million 止赎 within the last decade highlights that housing isn’t always a simple buying decision。自2009年以来，投资者一直是市场的主导者. Big 钱 is clearly pulling back from inflated markets like those in California. This trend is fairly new but even with this minor twist, inventory is picking up and sales 是 still very low.
It helps 至 understand that 人y 止赎 是 happening because people 是 spread thin. People 是 still maxed out. Unlike big banks with sophisticated deals and systems in place, most 屋holds 是 living paycheck 至 paycheck even those with higher incomes. First, take a look at some foreclosure history:
Print this chart out and just remember that housing is a big freaking purchase. Probably the biggest you will ever make. Just because someone is 屋 horny doesn’t mean they should act on it. What fascinates me is that late in 2012, most of those in the housing industry failed 至 see the big run-up in prices for 2013. Most were predicting 价格上涨2至5％。相反，我们看到了两位数的增长。 2013年底的预测对2014年非常乐观。
Existing 首页 sales 是 down more than 35 percent from their peak reached in 2006. Our population is growing and prices 是 going up. Yet the push for higher prices has come from Wall Street, low rates, and normal buyers competing with the investor group. A big question that 人y 是 wondering is what will happen when big 钱 starts 至 flow out of real estate. We 是 starting 至 find out slowly. Rates 是 also likely 至 go up – so for those that believe the almighty Fed can do anything they should listen 至 their leader that is utterly telling the market rates will go in one direction.
We’ve been adding 人y more rental 屋holds over the last few years, just in line with the big investor buying (those 7 million 止赎 have 至 move somewhere but 止赎 是 also slowing down):
7 million 止赎 and currently 9.1 million seriously underwater 首页 拥有ers. It should be apparent that when it comes 至 buying a 屋, you really need 至 run the numbers. Investors have and they 是 从某些市场撤军.你喜欢这个职位吗？订阅Housing Bubble医生的博客以获取最新的住房评论，分析和信息