Housing Market Hyper-Bubble-Fabian Calvo

By Greg Hunter’s USAWatchdog.com

Real estate expert Fabian Calvo says cheap money flooding into the housing market means we are nearing the end of the road for the current housing boom. Calvo explains, “What they have come up with now, through the Obama Administration and many other projects, is they have these down payment assistance programs, which is the federal government giving money to these local agencies.  So, in essence, it is a no-money-down loan to fuel this housing bubble, which is really starting to verge on a ‘hyper-bubble’ like we see in the stock market today.  It’s amazing to see what is happening and see it all repeat again.  It’s going to spill over into this election year, and we will continue to see prices go up.  We have these cheap interest rates and cheap money that has no value that is creating this artificial boom. . . .…

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