[HamiltonJay]

Folks, even folks in the “know” have no clue how big of a mess they have created.. they continue to be in denial about it.

This thing is bigger than ANYONE is telling you folks.... it will be measured in TRILLIONS when its all done, and some big houshold names will not survive it.

“rebate” checks will not stop this correction, interest rate cuts will not stop it... its going to get very very ugly long before it gets better.

[presently no screen name]

Granted but in this situation - I hardly think this princess is waiting by her mailbox for her rebate check.

[Leisler]

There is a longer wave then just government policy. The world is now, richer than it has ever been. People always wanted, and now it is possible, nice homes, which were along with many other things, the province of the rich. Just like air travel, a vacation home, a second car, air conditioning, college education. All of which with in recent memory were luxuries and now are considered normal for all but street people. This is happening everywhere. Unless some world wide nuclear war, these products and services will be delivered, more or less at ever higher quality, higher numbers and relative lower costs. Homes/houses are but common goods to be produced much like fridges and cars, both of which industries have had their ups and downs.

[packrat35]

My parents live in Panama City Beach. Starting about 6 years ago, condos started going up all along the water. I commented then, “Who were going to buy this many condos?”

They were literally buying up all the small businesses and tearing them down to build condos. Many are unfinished now and the ones that are finished are nowhere near full.