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Guest Post: Peak Housing, Peak Fraud, Peak Suburbia And Peak Property Taxes

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 26 Apr 12 7:27 AM | 46 view(s)
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Submitted by Charles Hugh-Smith of Of Two Minds blog,


Peak Housing reflects not just a credit bubble but Peak Fraud and Peak Suburbia.

Once again pundits are claiming that housing is "finally recovering." But they're overlooking three peaks: Peak Housing, Peak Financial Fraud, and Peak Suburbia, all of which suggest years of stagnation and decline, not "recovery."

Here is the latest Case-Shiller index, which has traced out a nearly textbook bubble and a return to the mean that has been artificially restrained by trillions of dollars of Federal subsidies and backstopping of the housing market:,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

http://www.zerohedge.com/news/guest-post-peak-housing-peak-fraud-peak-suburbia-and-peak-property-taxes?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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