Excellent summation why housing market will be terrible for a long time

[CA renter]

[quote=sdrealtor]Would have been is a far cry from was. If my son would have been a girl his name would have been Allison. They were wrong in the way things actually happened. Both made predictions of what and when that did not come to pass. A broken clock is right twice a day. The world does not operate in a vacuum and there are forces out there they did not account for (i.e. government intervention). When all this was coming down I said that there would be heroic measures coming from gov’t in ways you could never imagine. I had no supporters with the possible exception of SD R (though he was far more moderate in his expectations than in). Its all here on the archives of this site for anyone to see. You and others constantly said there was no way they could stop the flood. Who was right?[/quote]

Nope, I also knew they would pull out all the stops in their interventions. It’s all in the archives, as well (especially on the HBB). I even predicted the homebuyer’s credit, mortgage purchases, and the takeover of the GSEs. I also said that these measures would not “fix” anything, but would rather prolong the downturn and make the eventual costs even greater.

They have not succeeded in “fixing” anything, only in making it worse. Duration, duration, duration…

[sdrealtor]

But you said none of it would work and they couldnt stop it in the short run which they have. Do I have to post a link to thread with our bet on it? You said 50% down everywhere in SD County by the end of 2012. Only time and inflated asset prices will fix thngs. They have suceeded in buying time and asset prices are up also. They have fixed alot of things but you cant get your arms around it. We have an auto industry on the mend, CitiBank survived, even AIG is coming around among others.

[sdrealtor]

But you said none of it would work and they couldnt stop it in the short run which they have. Do I have to post a link to thread with our bet on it? You said 50% down everywhere in SD County by the end of 2012. Only time and inflated asset prices will fix thngs. They have suceeded in buying time and asset prices are up also. They have fixed alot of things but you cant get your arms around it. We have an auto industry on the mend, CitiBank survived, even AIG is coming around among others.

[sdrealtor]

But you said none of it would work and they couldnt stop it in the short run which they have. Do I have to post a link to thread with our bet on it? You said 50% down everywhere in SD County by the end of 2012. Only time and inflated asset prices will fix thngs. They have suceeded in buying time and asset prices are up also. They have fixed alot of things but you cant get your arms around it. We have an auto industry on the mend, CitiBank survived, even AIG is coming around among others.

[sdrealtor]

But you said none of it would work and they couldnt stop it in the short run which they have. Do I have to post a link to thread with our bet on it? You said 50% down everywhere in SD County by the end of 2012. Only time and inflated asset prices will fix thngs. They have suceeded in buying time and asset prices are up also. They have fixed alot of things but you cant get your arms around it. We have an auto industry on the mend, CitiBank survived, even AIG is coming around among others.

[sdrealtor]

But you said none of it would work and they couldnt stop it in the short run which they have. Do I have to post a link to thread with our bet on it? You said 50% down everywhere in SD County by the end of 2012. Only time and inflated asset prices will fix thngs. They have suceeded in buying time and asset prices are up also. They have fixed alot of things but you cant get your arms around it. We have an auto industry on the mend, CitiBank survived, even AIG is coming around among others.

[CA renter]

Where did I ever say that they couldn’t stop it in the short run?

As a matter of fact, after years of being a short-seller, I exited all my positions in October of 2008, and told anyone who cared to ask that we would enter a period of volatility during which both bulls and bears would have their legs ripped off, and then said that things would go up for as long as the Fed spigot was turned on.

I have always said that we would see 35-50% off, and still stand by that prediction. We’ve already seen aggregate declines in SD County of 40%. I believe the high-mid market is the next to drop. No wavering on that one, either.

[CA renter]

Where did I ever say that they couldn’t stop it in the short run?

As a matter of fact, after years of being a short-seller, I exited all my positions in October of 2008, and told anyone who cared to ask that we would enter a period of volatility during which both bulls and bears would have their legs ripped off, and then said that things would go up for as long as the Fed spigot was turned on.

I have always said that we would see 35-50% off, and still stand by that prediction. We’ve already seen aggregate declines in SD County of 40%. I believe the high-mid market is the next to drop. No wavering on that one, either.

[CA renter]

Where did I ever say that they couldn’t stop it in the short run?

As a matter of fact, after years of being a short-seller, I exited all my positions in October of 2008, and told anyone who cared to ask that we would enter a period of volatility during which both bulls and bears would have their legs ripped off, and then said that things would go up for as long as the Fed spigot was turned on.

I have always said that we would see 35-50% off, and still stand by that prediction. We’ve already seen aggregate declines in SD County of 40%. I believe the high-mid market is the next to drop. No wavering on that one, either.

[CA renter]

Where did I ever say that they couldn’t stop it in the short run?

As a matter of fact, after years of being a short-seller, I exited all my positions in October of 2008, and told anyone who cared to ask that we would enter a period of volatility during which both bulls and bears would have their legs ripped off, and then said that things would go up for as long as the Fed spigot was turned on.

I have always said that we would see 35-50% off, and still stand by that prediction. We’ve already seen aggregate declines in SD County of 40%. I believe the high-mid market is the next to drop. No wavering on that one, either.

[CA renter]

Where did I ever say that they couldn’t stop it in the short run?

As a matter of fact, after years of being a short-seller, I exited all my positions in October of 2008, and told anyone who cared to ask that we would enter a period of volatility during which both bulls and bears would have their legs ripped off, and then said that things would go up for as long as the Fed spigot was turned on.

I have always said that we would see 35-50% off, and still stand by that prediction. We’ve already seen aggregate declines in SD County of 40%. I believe the high-mid market is the next to drop. No wavering on that one, either.

[Jazzman]

[quote=sdrealtor]Ok just back from NYC. FWIW Mark Hanson is the infamous Mr Mortgage who has been flat out wrong in his predictions. He’s selling something. Understand that and buy what he is selling at your own risk just as you would with anything else your buying.[/quote]
You’ve only had to say things are bad to be right in this market, which is pretty much what he’s been predicting. BTW what’s he selling?

[Jazzman]

[quote=sdrealtor]Ok just back from NYC. FWIW Mark Hanson is the infamous Mr Mortgage who has been flat out wrong in his predictions. He’s selling something. Understand that and buy what he is selling at your own risk just as you would with anything else your buying.[/quote]
You’ve only had to say things are bad to be right in this market, which is pretty much what he’s been predicting. BTW what’s he selling?

[Jazzman]

[quote=sdrealtor]Ok just back from NYC. FWIW Mark Hanson is the infamous Mr Mortgage who has been flat out wrong in his predictions. He’s selling something. Understand that and buy what he is selling at your own risk just as you would with anything else your buying.[/quote]
You’ve only had to say things are bad to be right in this market, which is pretty much what he’s been predicting. BTW what’s he selling?

[Jazzman]

[quote=sdrealtor]Ok just back from NYC. FWIW Mark Hanson is the infamous Mr Mortgage who has been flat out wrong in his predictions. He’s selling something. Understand that and buy what he is selling at your own risk just as you would with anything else your buying.[/quote]
You’ve only had to say things are bad to be right in this market, which is pretty much what he’s been predicting. BTW what’s he selling?

[Author]

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