Housing Bubble – For Sale Sign Fiesta!
I stumbled across this site dedicated to tracking the "Housing Bubble" called BUBBLE TRACK . They pointed out the mass hysteria and desperation with the gluttony of homes for sale in our area.
Take a look.. It's a two-part series, both Hoboken and Jersey City. Click the photos to go to the blog for more info.
"we were shocked and stunned by a row of brownstones festooned with for-sale signs and balloons that cried out for more attention than a puppy in a pet store (but not as cute)"
"You know.. I just realized. If balloons are being used, they must have gotten people's attention in the past. Maybe that's because buyers have been acting like children for years now? Maybe they should tape lollipops to the signs too!"
What's your opinion about the housing market?
I know a lot of people that made out well, did you? Is it too late to buy? Is the bubble bursting? How would you interpret the large inventory of homes for sale?
There were similar signs over at The Huntington last week 8 or 9 for sale signs alone in one building:
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