I didn’t provide much context here, but my initial post was in reaction to another thread started by a commenter who characterized anyone who disagreed with her as to the extent and timing of the correction as ‘delusional’, and stated that anyone who held another opinion must be motivated by some combination of greed, fear, and jealousy (of what I’m not sure – her intellect?)
I don’t post much, so I wouldn’t expect anyone to know my expectations for the housing market. For the record, I wouldn’t be at all surprised by a 30% correction by 2010. It’s just that I get annoyed by the attitude of, “I’m mystified as to why you mouth-breathing troglodytes are bothered by my 100% guaranteed, obviously correct predictions of housing prices several years in the future. You would recognize my wisdom if it weren’t for your own vanity.”
Anyway, that’s my position, and the little back story behind my post. I think it’s funny that two of the responses to my post about the dangers of making assumptions themselves assumed – incorrectly – that I’m bullish about the market.
