Comments on: Where Does Housing Go From Here? http://weakonomics.com/2010/06/23/where-does-housing-go-from-here/ Everything That's Wrong With You And Your Money Wed, 23 May 2012 01:09:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Man, Was THAT Prediction Wrong. | Free FHA Loan Advice http://weakonomics.com/2010/06/23/where-does-housing-go-from-here/comment-page-1/#comment-4323 Man, Was THAT Prediction Wrong. | Free FHA Loan Advice Thu, 01 Jul 2010 14:39:18 +0000 http://weakonomics.com/?p=4473#comment-4323 [...] Okay, so I was wrong. At least I wasn’t the only one. [...] [...] Okay, so I was wrong. At least I wasn’t the only one. [...]

]]> By: Chris Jones http://weakonomics.com/2010/06/23/where-does-housing-go-from-here/comment-page-1/#comment-4285 Chris Jones Wed, 23 Jun 2010 22:30:40 +0000 http://weakonomics.com/?p=4473#comment-4285 The $8000 credit was not just a market-mover on the price side. It filled an important niche in the housing market, allowing those who did not have any money saved (that's a lot of people) to get into a house anyway, by laundering the money through their parents and siblings as "gifts". Then they repaid those "gifts" using tax money from the credit. THAT'S why you got such a spike in homebuying. If it makes you feel better, I missed it too. I forecast no big reaction to the expiration of the credit, and boy, was that ever wrong. Love the blog. Read you all the time. The $8000 credit was not just a market-mover on the price side. It filled an important niche in the housing market, allowing those who did not have any money saved (that’s a lot of people) to get into a house anyway, by laundering the money through their parents and siblings as “gifts”. Then they repaid those “gifts” using tax money from the credit.

THAT’S why you got such a spike in homebuying. If it makes you feel better, I missed it too. I forecast no big reaction to the expiration of the credit, and boy, was that ever wrong.

Love the blog. Read you all the time.

]]> By: » Blog Archive » Mea Culpa. But I Can Explain. http://weakonomics.com/2010/06/23/where-does-housing-go-from-here/comment-page-1/#comment-4284 » Blog Archive » Mea Culpa. But I Can Explain. Wed, 23 Jun 2010 22:27:53 +0000 http://weakonomics.com/?p=4473#comment-4284 [...] Sports Commentary Mea Culpa. But I Can Explain. Okay, so I was wrong. At least I wasn’t the only one. [...] [...] Sports Commentary Mea Culpa. But I Can Explain. Okay, so I was wrong. At least I wasn’t the only one. [...]

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