Chris..
Can you really blame anyone who thought the correction was gonna start earlier? It was common sense to believe things weren’t gonna last as long as they did or get as high as they did. I sure expected things to stop long before 06/07. Who really thought that it would be common place for an average family to take out a 100% loan for $400k or more. I mean, the events that have taken place in the last 3 years have been mind blowing as far as ignoring common sense goes.
If anything I feel it is more impressive to call a correction before it happens even if it is a bit early, then to jump on the bandwagon after the obvious.
An when you say he “may eventually be right” .. sounds to me like you don’t expect a housing drop?
In any case, I appreciate him voicing valid concerns in the midst of a media that wants to pretend that everything is all good.
