We’ve only started projecting since the last two years. When did Piggington come into existence? That’s nothing compared to the more than 8 years (1998 through 2005)span of run-up. What you see today is not what you will see next year after the major ARM resets per the famous chart. You could spend at least a couple of days at Ben Jones’ blog and you will realize that Piggingtonians are mild in comparison as to conviction. In other housing blogs, they are rabid in their bearish convictions – they feed on each other in Shaedenfreud. It gets very intense/entertaining.
You’re just not seeing it. Maybe you need to see an eye-doctor. Better yet, a doctor who gives a good dose of reality is what you need. What about a Math teacher who teaches extrapolations – the better you can reach a conclusion when looking at the ARM reset chart.
