DENIAL !!! UCLA forecasters are laughable now that Thornberg left. Read between the lines and you get a lot of "I think", "So Far" and "Murky" ,basically leaving themselves an out. If your so sure about this article, why aren't you jumping in and buying right now, before prices go up? I am sure their are plenty of people would love to unload their ball and chain.
I think the only people that are laughable are some of the sad people on this board that think so negatively that it’s blindsiding all their judgement. The same blindsided opinion that biased them against buying a primary home years ago when they could have afforded it, blindsided their judgement thinking the entire U.S. economy is going to collapse, and have been sitting on the sideline in the equity markets,housing market, etc for so many years… or worse, folks who actually took up negative positions on the equity market in anticipation of a "crash" which has yet to happen.
I think it's laughable that some folks here are counting (desperately hoping?) for on one big crash as the solution to making them relatively more wealthy (or shall I say, relatively less poor)… Perhaps it's a hope to get equal with others that have gotten to where they are through good planning, appropriate risk taking..Either way, it seems to me it's some of you are banking on your entire economic future on the prediction of one crash to "settle the score." It's no different though the gambler betting the house on one stock tip that will hopefully "make then millions" in one shot.
That is what I call DENIAL. Even if you guys are right in a total demise in the u.s. economy, some of you are not going to be the great beneficiary of the demise anyway if you’re just an average Joe with a small business or are salaried…Because if things get that bad anyway, you’re going to be out on the street just like the rest of the “average” joe…So quit thinking you guys are so much smarter then the rest of the average joe’s out there. While some of you may be here, most of you are not. And if the “demise of the u.s. economy” doesn’t happen to the degree that you are hoping for, well you’re pretty screwed still anyway.
