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To: MrEdd
Yet just a few years ago, a majority of Freepers insisted that there wasn’t a real estate bubble. And it wasn’t going to pop...

I was one of them. I recall mocking ex-Texan as a doomsayer. In retrospect, he was a raging optimist, as things were worse than even he predicted.
58 posted on 01/22/2014 4:21:43 PM PST by A Balrog of Morgoth (QMC(SW) USN........ CG21 DD988 FFG34 PC6 ARS53)
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To: A Balrog of Morgoth

Ex-Texan had a real estate crash blog he was pimping and he was doing pretty well with the income from Google AdSense. I recall laughing at him because the algorithm was so flimsy that it had placed ads touting the wonders of Oregon real estate on there, he responded that he didn’t care because he was going to buy a villa in Tuscany, retire there and laugh. The runup fueled by bubble credit, legal laxity and fraud was bound to collapse, anyone with an ounce of sense saw it coming, those without a vested interest at least. But, then came the pop, the collapse was swift and sure in certain states and markets. The realistic fears turned into doomerism then in my opinion, more like piling on and compounding the misery. Cheering it on at that point was bad form, especially when fueled by a desire for personal gain.


62 posted on 01/22/2014 4:39:42 PM PST by RegulatorCountry
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