Bear I am certainly hoping that nobody is happy about the crisis but the original post I made was done exactly because I didn’t thing that was the case. I am to lazy to look or search back but I do indeed recall people making posts about how much they cannot wait for the pain train to come. How they were well prepared for it and that they would not be affected. Again, I would refer to coops comments in this thread which are everyone does indeed get affected one way or another.
Fortunately there were only a few like that, I think for the most part more rational thinkers like PW and I am sure yourself are more of the opinion that yes, this has to happen but at least view it with more trepidation then anything else.
The thread is not about strategizing for what people should or should not do. Of course I agree that cash is king and my advice to anyone considering buying a house now is the same as it has always been since 2003 which is if the decision is simply based on financial concerns only, then no I would not recommend to anyone to buy a home. The bottom is not here and based on where you want to buy it may not happen for a few years now.
Also I don’t believe I have pulled any curtain back and exposed anything. I have never even alluded to any bottom in any comments I have ever
made. Conversely I have been posting that I am reconsidering the bottom to be FARTHER out then my original thoughts when I started posting back in 2006.
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PW I completely agree with the analysis you posted of essentially what got us here. Yes yes yes, severe asset inflation and we are just beginning to pay for it. The measures taken by our “parents” as you so aptly put it have thus far been abysmal. Indeed the legislation to give a single person access to distribute taxpayer money with essentially no jurisprudence and pretty much 100% immunity from prosecution is REALLY scary. Doesn’t that scare the hell out of you? It does me.
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and Breeze….
Sorry but I am finished with you. Once again you are exposing yourself as a bitter person who believes your lack of success is due to the fault of others.
As always your post is laughable and full of bitterness. Go smoke some more pot Breeze.
