However, I don't think this would create a repeat of what happend in 08-09, since this wasn't just based on supply/demand economics, but on a fundamental flaw in the system.

As value is specified, value streams are identified, wasted steps are removed, and flow and pull are introduced, begin the process again and continue it until a state of perfection is reached in which perfect value is created with no waste.SIX SIGMA: The fundamental objective of the Six Sigma methodology is the implementation of a measurement-based strategy that focuses on process improvement and variation reduction through the application of Six Sigma improvement projects.

On the other hand less sophisticated investors (who typically haven't done a detailed analysis and don't have a targeted return they're aiming for) may be afraid of missing out, and acting out of greed just plunge ahead.If the market keeps going after the new tax is imposed it could mean that fundamentals don't matter which would be a sure sign of a bubble.

Fundamental analysis, thanks for sharing!

Ignoring investment fundamentals and you will pay dearly for it.

Buy using good fundamentals and challenge your assumptions.

This doesn't happen with currency users like you, me, businesses and states but does with currency issuers because the fundamental operations are different.

This book is worth its weight in gold, and is something that I will continue to re-read throughout my career(along with my Real Estate Fundamentals and Practices book).I was also pleased to find out that all proceeds of the book sales goes to fund Alzheimer's research(my uncle suffer's from this terrible affliction).I thought I would share my impression of this outstanding book, as I found that it assembled all the pieces of the real estate puzzle for me.Thank you to Rich Weese for sharing your years of successSebastian

You may indeed need a variance for setbacks, height, lot coverage or footprint, but fundamentally, that "shack" is a SFR on a legal, nonconforming lot.

As they show in their detailed presentation, with a 65% year-over-year drop, new mortgage originations are at their lowest since their records began and what is perhaps more concerning is prepayment speeds signal further declines are ahead and the ratio of serious deterioration to foreclosure (along with huge numbers of loan mods due to reset) suggest the housing market is anything but recovering fundamentally with the average loan in foreclosure now 2.6 years past due.read more...