How the housing crash hurts your retirement

[CA renter]

What’s left of your net worth in 401K and retirement savings could very well do the same tankage via a bond and stock market collapse.
—————–

Yep. With everyone focusing on the effect (high housing prices), very few are acknowledging the cause (a credit bubble).

Housing was just the most obvious and wide-spread effect of the credit bubble. IMHO, we will see fallout in stocks, bonds, commodities, etc. It will be interesting to see how far the credit bubble unwinds. Could be a decades-long correction.

[PadreBrian]

That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂

[PadreBrian]

That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂

[PadreBrian]

That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂

[PadreBrian]

That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂

[PadreBrian]

That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂

[PadreBrian]

That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂

[rocket science]

[quote=PadreBrian]That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂 [/quote]
Agree completely.

“According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity”

$4 trillion that shouldn’t have been there in the first place in

[rocket science]

[quote=PadreBrian]That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂 [/quote]
Agree completely.

“According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity”

$4 trillion that shouldn’t have been there in the first place in

[rocket science]

[quote=PadreBrian]That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂 [/quote]
Agree completely.

“According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity”

$4 trillion that shouldn’t have been there in the first place in

[rocket science]

[quote=PadreBrian]That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂 [/quote]
Agree completely.

“According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity”

$4 trillion that shouldn’t have been there in the first place in

[rocket science]

[quote=PadreBrian]That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.

🙂 [/quote]
Agree completely.

“According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity”

$4 trillion that shouldn’t have been there in the first place in

[Author]

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