Wealthy Drug Dealers and Vulture Capitalists Will Soon Have the Housing Market To Themselves

“Fewer Americans signed contracts to purchase previously owned homes in February as limited inventory and access to credit held back a more robust recovery in housing.”
 — Are $950,000 fixers and impossible lending standards and the need for quarter-million down payments with no-contingency bidding-war offers possibly slowing the current idiotic real estate frenzy? Perhaps! But here is a proven fact: Whenever people are acting super stupid-crazy about any market, it is wise to stay the hell away from said market.

Photo by Jeremiahsb.