Then you name the time frame, but name it now, that’s the thing with predictions, you don’t get to name them afterwards. You can’t say “things will be bad”, not quantify or define “bad” and then later say you were right.
Your sources are not excellent sources, you never adressed the fact that they are unreliable, they are not “the sources,” they are the sucker sources.
They are certainly not the industry standard sources.
I am not in the industry, I’m just like you, I’m a guy who in 2006 was frustrated with the real estate prices, read all that I could, researched what I could and after nearly a three year endeavor I came to a few conclusions. Roubini and Shiller were on the money, the johnny come lately pundits are copycats who are selling hype but they are late to the game. I also learned that realty trac was crap, I tried to buy at least a dozen of their so called bank owned homes, all a mirage. Long before the word “bailout” was used, their listings, their shadow inventory from 2007, never materialized, this was before moratoriums, before anything had blown up, I watched, I waited and I was disapointed by their bad data. I wanted it to show up, I wanted it to explode before my eyes so I could have the house I wanted for the price I wanted. But it never came like they said it would, because they were and are selling an ideal, not unlike some religions. Eventually I realized it would happen slowly, so I bided my time goofing off with people on this site, learning more each day, tracking, visiting in person, waiting. Then you come along, I try to tell you Santa Claus isn’t real, but you won’t listen so it’s a journey you must make for yourself, hopefully the price of your tuition will be tolerable, I’ve done all I can with you. Time will tell, but as hard as you wish, that boat may never come for you because you have the wrong map and anyone with another map or has gotten lost with the very map you hold, is wrong in your eyes.
Maybe it’s true, maybe the government, the banks, the realtors and even the internet philosophers are all out to get you and in the end, you and you alone will be proven to be the wisest one of all. Good luck with that.
