Sean Privitera

Housing Bubble: The Sequel

I agree that the economy is still screwed overall, it takes a job to get a house, etc. I say those same things when referring to the economy coming back. I am only claiming a short term bubble and I am definitely agreeing with all of you that this will not be REAL growth at all. It will still be more of the same shadow growth. It will be short lived, and will look like the bear market rally in the market we had after the late November low, which was followed by an even lower low.

Reitbull - Nice point, but real estate has seemed to be tied together so either way you go you'll probably get some of that effect.

I am not necessarily saying to buy IYR right now, it likely will experience more downside first while being dragged down by the overall market and maybe even leading the downside as we're seeing today.