Question for all of the Nostradamus’s on here

[Alex_angel]

CountryWide plus those banks like Wells and BofA will start rasing fees for ATMs, checking etc… to make back the money they have lost.

[ocrenter]

I think it exceeded everyone’s imaginations.

normal predictability of rise and fall of market went out the window with the price run-up this time around.

afterall, yes you can predict the price increase.

and yes you can predict the extension of the price run-up when the interest rate dropped and lending standards loosened.

but how many could actually predict wide-spread fraud and inflated appraisals and 6 figure cash backs?

and how many could predict that in ’06 the subprime lenders aggressively dropped ALL standards to keep the numbers up.

I think a lot of bears may have been able to predict the run-up to 2004. But the continued strength in ’05 and early ’06 was completely artificial manufactured by the interested parties to keep the party alive a couple of years longer. and that was completely unpredictable.

[ocrenter]

I think it exceeded everyone’s imaginations.

normal predictability of rise and fall of market went out the window with the price run-up this time around.

afterall, yes you can predict the price increase.

and yes you can predict the extension of the price run-up when the interest rate dropped and lending standards loosened.

but how many could actually predict wide-spread fraud and inflated appraisals and 6 figure cash backs?

and how many could predict that in ’06 the subprime lenders aggressively dropped ALL standards to keep the numbers up.

I think a lot of bears may have been able to predict the run-up to 2004. But the continued strength in ’05 and early ’06 was completely artificial manufactured by the interested parties to keep the party alive a couple of years longer. and that was completely unpredictable.

[ocrenter]

I think it exceeded everyone’s imaginations.

normal predictability of rise and fall of market went out the window with the price run-up this time around.

afterall, yes you can predict the price increase.

and yes you can predict the extension of the price run-up when the interest rate dropped and lending standards loosened.

but how many could actually predict wide-spread fraud and inflated appraisals and 6 figure cash backs?

and how many could predict that in ’06 the subprime lenders aggressively dropped ALL standards to keep the numbers up.

I think a lot of bears may have been able to predict the run-up to 2004. But the continued strength in ’05 and early ’06 was completely artificial manufactured by the interested parties to keep the party alive a couple of years longer. and that was completely unpredictable.

[Alex_angel]

Ex-SD. Did you also predict 9-11 and what it did to the economy by forcing the feds to lower rates to almost nothing that ignited this huge buying frenzy?

If 9-11 never happened this whole house boom would have never happened. Interest rates tanking right after was the main catalyst for this. It changed the way Americans lived forever.

[Alex_angel]

Ex-SD. Did you also predict 9-11 and what it did to the economy by forcing the feds to lower rates to almost nothing that ignited this huge buying frenzy?

If 9-11 never happened this whole house boom would have never happened. Interest rates tanking right after was the main catalyst for this. It changed the way Americans lived forever.

[Alex_angel]

Ex-SD. Did you also predict 9-11 and what it did to the economy by forcing the feds to lower rates to almost nothing that ignited this huge buying frenzy?

If 9-11 never happened this whole house boom would have never happened. Interest rates tanking right after was the main catalyst for this. It changed the way Americans lived forever.

[Alex_angel]

September 18, 2001 6.00
October 3, 2001 5.50
November 7, 2001 5.00
December 12, 2001 4.75
November 7, 2002 4.25
June 27, 2003 4.00
July 1, 2004 4.25
August 11, 2004 4.50
September 21, 2004 4.75
November 11, 2004 5.00
December 15, 2004 5.25
February 3, 2005 5.50
March 22, 2005 5.75
May 3, 2005 6.00
June 30, 2005 6.25
August 9, 2005 6.50
September 20, 2005 6.75
November 1, 2005 7.00
December 13, 2005 7.25
January 31, 2006 7.50
March 28, 2006 7.75
May 11, 2006 8.00
June 29, 2006 8.25

[Alex_angel]

September 18, 2001 6.00
October 3, 2001 5.50
November 7, 2001 5.00
December 12, 2001 4.75
November 7, 2002 4.25
June 27, 2003 4.00
July 1, 2004 4.25
August 11, 2004 4.50
September 21, 2004 4.75
November 11, 2004 5.00
December 15, 2004 5.25
February 3, 2005 5.50
March 22, 2005 5.75
May 3, 2005 6.00
June 30, 2005 6.25
August 9, 2005 6.50
September 20, 2005 6.75
November 1, 2005 7.00
December 13, 2005 7.25
January 31, 2006 7.50
March 28, 2006 7.75
May 11, 2006 8.00
June 29, 2006 8.25

[Alex_angel]

September 18, 2001 6.00
October 3, 2001 5.50
November 7, 2001 5.00
December 12, 2001 4.75
November 7, 2002 4.25
June 27, 2003 4.00
July 1, 2004 4.25
August 11, 2004 4.50
September 21, 2004 4.75
November 11, 2004 5.00
December 15, 2004 5.25
February 3, 2005 5.50
March 22, 2005 5.75
May 3, 2005 6.00
June 30, 2005 6.25
August 9, 2005 6.50
September 20, 2005 6.75
November 1, 2005 7.00
December 13, 2005 7.25
January 31, 2006 7.50
March 28, 2006 7.75
May 11, 2006 8.00
June 29, 2006 8.25

[Ex-SD]

Alex, it appears that you simply want to argue……..not learn from someone who predicted this mess with a pretty good degree of accuracy, then cashed out for a big profit. You can be a smart ass all you like and you can go out and buy some property in SoCal right now if you wish…………neither will help you in the long run.

[Ex-SD]

Alex, it appears that you simply want to argue……..not learn from someone who predicted this mess with a pretty good degree of accuracy, then cashed out for a big profit. You can be a smart ass all you like and you can go out and buy some property in SoCal right now if you wish…………neither will help you in the long run.

[Ex-SD]

Alex, it appears that you simply want to argue……..not learn from someone who predicted this mess with a pretty good degree of accuracy, then cashed out for a big profit. You can be a smart ass all you like and you can go out and buy some property in SoCal right now if you wish…………neither will help you in the long run.

[Alex_angel]

People will always look back in hindsight and claim they knew something was going to happen. I’m pretty sure if I predict the housing market will crash, stay flat or gain in the next month that I will be right. 1 out of 3 ain’t so bad right?

[Alex_angel]

People will always look back in hindsight and claim they knew something was going to happen. I’m pretty sure if I predict the housing market will crash, stay flat or gain in the next month that I will be right. 1 out of 3 ain’t so bad right?

[Author]

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