Another Housing Bubble is Starting

[Politico]

The full effects of the housing bubble have yet to be felt. It probably screwed things up beyond repair. What is largely happening right now is investment companies are gobbling up properties and renting them out. Of course, the thought is that one can achieve better returns doing this than by making other investments of similar risk. In some markets this behavior is even pricing interested home-buyers out of the market since they're unable to compete with the investors on bids. Lastly, it is not helping the real economy much since most of the property being bought up is not new.

Thank you Jimmy Carter for signing the Community Reinvestment Act, and thank you Bill Clinton for strengthening it!