Zeev's Turnips Patch-No Politics (ZEEV)

[SantaCruz]

I don't see housing collapsing like many on these message boards have been predicting for the past two years. What would cause the value of houses to fall? Interest rates going up would put a limit on new homebuyers but I don't see interest rates going up for years.

Maybe if rents got really cheap but so far rentals seem to be more interested in promotions like 1 free month then actually lowering rents. Maybe eventually those will come down but I think slowly and over a long period of time.

So what's going to cause a collapse? A recession? Where's the signs we're heading into a recession? Didn't GDP just grow last qtr?

I just don't see it happening which probably means it will. lol