Yeah, the Effing Real Estate Bubble is Back and Bigger than Ever

by John Galt
August 21, 2016 02:00 ET

Yeah, it’s that bad.

I’m witnessing homes in one of my relative’s neighborhood that should go for $200 K TOPS being speculated at $390,000+. The fucking investors have bailed out and I can’t name who, where, or why thanks to the big banks suing everyone else out of existence in 2008-2009, but let me tell you the fucktards are back on informericial television on late night and radio promoting their “flip this home” insanity once again.

It’s my fault. I decided to have a drink with my realtor friends who introduced the phrase “rich environment” to today’s market. I said “you mean overpriced.” Of course the dipshits said “just a tad” so after four more beers I extracted more information just how bad it is.

There are actual idiots demanding $800,000 for condos ON the bay side OF Siesta Key because it is considered “walking distance” to the beach again.

America, this bitch is going to die badly, worse than before.

When it crashes this time however, the taxpayer and Fed will be forced to give the dipshits a big “F.U.” to their stupidity. The cash investors are out in Southwest Florida, trust me. I’m watching this like a hawk.

It’s worse than 2007.

Buckle the fuck up.

Or go to this dick’s seminar:

3 Comments on "Yeah, the Effing Real Estate Bubble is Back and Bigger than Ever"

  1. Real estate is up because of the ten trillion in bail out money, and also because of all the foreign investors. Ten trillion is a lot of money and it has taken time for that huge amount of money to find it’s way into the markets. Also foreign buyers like the Chinese are here in force buying up the USA with all their greenbacks too. This trend maybe just getting underway. Regular Americans will be priced out of the market for quite a while, and forced to rent. Here in Miami, we have big investors building lots of rentals in view of this new reality.

    • Actually Ron, Miami is crashing and burning. You have $500K+ condos down 20% in price already. The oversupply has hit and it’s going to be FUGLY.

      • When you say oversupply, your not kidding, as there are 10,000 units coming out of the ground as we speak. Many of them are rentals too, not just luxury condos. There has to be some blow back as 10,000 units have been built in the last few years. Where did all this money come from? We printed it of course, bailing out all these big players who are fueling this boom. Ten trillion is a lot of money, and everywhere I go the stores are full of people buying, and real estate values keep going up up up. The scary thing is that countries like China an the EU have printed even more money than us, we are actually the more conservative. The whole world is dependent on Keynesian economics now, and inflation is no-where to be found. So maybe clear sailing is ahead, as 10 trillion is a very big number, and another 10 could be created just as easy by a new administration.

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