Powayseller is a nut-job. Anyone who compliments their own “bold writing syle” on a blog like this is a nut.
She did have a knack for finding interesting information on the web, though, and regurgitated it for us. That was fairly useful but heaven help you if you disagreed.
Like many people here, she knew the bubble would burst, but there are too many variables involved to get it exactly right, and she had no concept of how slowly economies move. She wasn’t entirely wrong, and this could still be a head-fake (perhaps a long one ), so her predictions may yet come true if the macro-economic environment and govenrmnent intervention proves to be nsustainable.
Realizing that people really love their houses doesn’t seem a very good reason for thinking the bubble has popped and that things will turn around.
