[goldstategop]

We're doooooooooooooomed!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[Red Badger]

A market correction portrayed as a doomsday scenario.........

[Vaquero]

[GodGunsGuts]

Ping...nod to Ex-Tex for turning me on to this article--GGG

[Lancey Howard]

Up here in the Northeast, the "housing slump" is already over. People looked around, noticed the sky wasn't falling, and jumped back in with both feet. I am busy, believe me. I wouldn't have minded a little Christmas vacation this year, but oh well.

[capitalist229]

Nothing we haven't seen before except for the unprecedented level of imbalance between inventories and sales.

How fast that gap unwinds may determine whether the landing is soft or hard.

BUMP

[Leisler]

Maybe we should have the government plan, order, build and allocate housing. It would be efficient and scientific for the greater good. Honest, trust me.

[tx_eggman]

WillieGreen, is that you?

[Paleo Conservative]

So it should be a great time to buy a house.

[driftless2]

Oh my god that's it! My wife and I are selling everything and moving to parts unknown to escape the sudden and impending complete financial collapse of the American economy. Why there's no doubt about AND THERE'S NOTHING WE CAN DO TO FORESTALL IT!!! Just ask this nitw...er I mean expert. (smirk)

[HamiltonJay]

Ah yes, the "There's no bubble" crowd, turned into the "Ok, it was, but it was little, no biggie, we'll have a soft landing" crowd.... and now finally are coming to the realization that anyone with a few neurons firing knew several years ago... its was a bubble, a huge one, and when it comes down, its going to be very very ugly.

Soft Landing is wishful thinking.

[Deo et Patria]

Great, another doomsday article about how the housing market is on the verge of collapse due to risky loans. It's funny how anyone with one of those loans could refinance today and still get 6% fixed over 30 years. But because some people are too stupid to evaluate the interest-only ARM they got into 3 years ago, and because of that they're on the verge of a foreclosure, we're supposed to believe that this means the entire U.S. housing market is on the verge of a historic collapse?

Pretty funny stuff.

[spunkets]

.

[Porterville]

Maybe they should just refinance another 5 year fixed interest only loan... I hear rates are lower than ever....

Of course that would make the 20/20 lard-butt/couch-potatoes' theory of eminant collapse look as dumb as they are.

[ExtremeUnction]

Now that the market has recovered and rents are significantly higher, that almost guarantees that rental income will increase by 5 percent in each of the next five years.

My company just renegotiated class A office space in a major US city. We are getting a 25% reduction in rent for the next five years..

[Cacique]

btt