Home › Forums › Housing › “The Worst Is Yet to Come”: If You’re Not Petrified, You’re Not Paying Attention”
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paramount.
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May 16, 2009 at 10:31 AM #15698May 16, 2009 at 10:44 AM #400230
carlsbadworker
ParticipantI guess since I haven’t petrified, I am a damn fool. But on the other hand, I have high blood pressure, a doomer attitude will surely kill me faster so I would rather be a happy gloomer living than a dying doomer.:-)
Agree there are a lot of folks being duped into bidding war right now. But do not agree there is accelerating/impending meltdown. With the government unprecendented rescue of the financial market, I am pretty confident that we will see a short economy up-cycle for a while (at which time, maybe even the GDP can turn magically positive for one or two quarters). The downward trend would continue on the economy after that, but I would argue quite a few inventory would already be taken out by the fools at that time(see my comment in: April 2009 Resale Data Rodeo). So we will never see the dramatical price decline that we saw last year ever again.May 16, 2009 at 10:44 AM #400479ParticipantI guess since I haven’t petrified, I am a damn fool. But on the other hand, I have high blood pressure, a doomer attitude will surely kill me faster so I would rather be a happy gloomer living than a dying doomer.:-)
Agree there are a lot of folks being duped into bidding war right now. But do not agree there is accelerating/impending meltdown. With the government unprecendented rescue of the financial market, I am pretty confident that we will see a short economy up-cycle for a while (at which time, maybe even the GDP can turn magically positive for one or two quarters). The downward trend would continue on the economy after that, but I would argue quite a few inventory would already be taken out by the fools at that time(see my comment in: April 2009 Resale Data Rodeo). So we will never see the dramatical price decline that we saw last year ever again.May 16, 2009 at 10:44 AM #400710ParticipantI guess since I haven’t petrified, I am a damn fool. But on the other hand, I have high blood pressure, a doomer attitude will surely kill me faster so I would rather be a happy gloomer living than a dying doomer.:-)
Agree there are a lot of folks being duped into bidding war right now. But do not agree there is accelerating/impending meltdown. With the government unprecendented rescue of the financial market, I am pretty confident that we will see a short economy up-cycle for a while (at which time, maybe even the GDP can turn magically positive for one or two quarters). The downward trend would continue on the economy after that, but I would argue quite a few inventory would already be taken out by the fools at that time(see my comment in: April 2009 Resale Data Rodeo). So we will never see the dramatical price decline that we saw last year ever again.May 16, 2009 at 10:44 AM #400767ParticipantI guess since I haven’t petrified, I am a damn fool. But on the other hand, I have high blood pressure, a doomer attitude will surely kill me faster so I would rather be a happy gloomer living than a dying doomer.:-)
Agree there are a lot of folks being duped into bidding war right now. But do not agree there is accelerating/impending meltdown. With the government unprecendented rescue of the financial market, I am pretty confident that we will see a short economy up-cycle for a while (at which time, maybe even the GDP can turn magically positive for one or two quarters). The downward trend would continue on the economy after that, but I would argue quite a few inventory would already be taken out by the fools at that time(see my comment in: April 2009 Resale Data Rodeo). So we will never see the dramatical price decline that we saw last year ever again.May 16, 2009 at 10:44 AM #400915ParticipantI guess since I haven’t petrified, I am a damn fool. But on the other hand, I have high blood pressure, a doomer attitude will surely kill me faster so I would rather be a happy gloomer living than a dying doomer.:-)
Agree there are a lot of folks being duped into bidding war right now. But do not agree there is accelerating/impending meltdown. With the government unprecendented rescue of the financial market, I am pretty confident that we will see a short economy up-cycle for a while (at which time, maybe even the GDP can turn magically positive for one or two quarters). The downward trend would continue on the economy after that, but I would argue quite a few inventory would already be taken out by the fools at that time(see my comment in: April 2009 Resale Data Rodeo). So we will never see the dramatical price decline that we saw last year ever again.May 16, 2009 at 10:59 AM #400235Rt.66
Participant“So we will never see the dramatical price decline that we saw last year ever again.”
Where? Maricopa and Cape Coral maybe.
May 16, 2009 at 10:59 AM #400484Participant“So we will never see the dramatical price decline that we saw last year ever again.”
Where? Maricopa and Cape Coral maybe.
May 16, 2009 at 10:59 AM #400715Participant“So we will never see the dramatical price decline that we saw last year ever again.”
Where? Maricopa and Cape Coral maybe.
May 16, 2009 at 10:59 AM #400772Participant“So we will never see the dramatical price decline that we saw last year ever again.”
Where? Maricopa and Cape Coral maybe.
May 16, 2009 at 10:59 AM #400921Participant“So we will never see the dramatical price decline that we saw last year ever again.”
Where? Maricopa and Cape Coral maybe.
May 16, 2009 at 11:04 AM #400240ParticipantJust one snippet of actual, factual information to help with attention deficit.
“More than $63 billion of Freddie Mac’s loans were either 90 days overdue or in foreclosure at the end of March, nearly triple year-ago levels.”
$63 billion this early in the Alt-a and Option ARM reset tsunami, from just one mortgage provider.
This is uncharted territory folks 🙁
May 16, 2009 at 11:04 AM #400489ParticipantJust one snippet of actual, factual information to help with attention deficit.
“More than $63 billion of Freddie Mac’s loans were either 90 days overdue or in foreclosure at the end of March, nearly triple year-ago levels.”
$63 billion this early in the Alt-a and Option ARM reset tsunami, from just one mortgage provider.
This is uncharted territory folks 🙁
May 16, 2009 at 11:04 AM #400720ParticipantJust one snippet of actual, factual information to help with attention deficit.
“More than $63 billion of Freddie Mac’s loans were either 90 days overdue or in foreclosure at the end of March, nearly triple year-ago levels.”
$63 billion this early in the Alt-a and Option ARM reset tsunami, from just one mortgage provider.
This is uncharted territory folks 🙁
May 16, 2009 at 11:04 AM #400776ParticipantJust one snippet of actual, factual information to help with attention deficit.
“More than $63 billion of Freddie Mac’s loans were either 90 days overdue or in foreclosure at the end of March, nearly triple year-ago levels.”
$63 billion this early in the Alt-a and Option ARM reset tsunami, from just one mortgage provider.
This is uncharted territory folks 🙁
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