Kansas City Housing Bubble Bursting?!?

We'll do our best to explain our view of the problem in a way that everyone can understand . . . We might have more time to write about it soon given that this development threatens to drag the U.S. (and the world) into a recession.

Accordingly . . . 

Sure . . . 

Lower home prices are nice BUT falling home values spell bad news for the economy given so many investments leveraged on the reliably upward trajectory of housing costs. 

Basically, what everyone fears is 2008 housing crisis happening all over again because so many banks were "too big to fail" and therefore didn't learn their lesson.  

Funny . . . The spin from so many dorks on this blog attempted to blame minorities and lending practices whilst LETTING THEIR BANKER DADDIES OFF THE HOOK for what was really a crisis of mortgage-backed securities that makes real money equivalent to worthless paper exploited by algorithmic Wall Street speculation that most of low-info voters don't bother to even try to understand. 

As always . . .

We remind everyone that money is just an idea . . . And hope for the best as another housing slump is obviously underway . . .  

In September, home prices fell substantially from the month before, with a median listing price of $279,750.

The number of listings on the market grew 2.9% from last month, which is a smaller increase than normal for this time of the year in Kansas City, and homes are also selling slower than at the same time last year.

Read more via www.TonysKansasCity.com link . . .

Realtor: Kansas City Home Prices Down in September

Developing . . .