Role of the internet in the current downturn

[kev374]

The internet has made it possible for most to be appraised of the situation much more quickly than in the early 90s when people had to rely on one-sided reports on Television and Newspapers. Do you think online access to information is going to speed up this downturn or do you think it’s not going to have much of an effect?

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[scaredyclassic]

i think i disagree in this sense; i don’t think it will generally be effective in spreading information, as people don’t really want to get actual information. but it may be effective in spreading panic. I think there’s a case to be made that it will accentuate the downturn and make people more fearful to jump in.

Drink Heavily.

[scaredyclassic]

i think i disagree in this sense; i don’t think it will generally be effective in spreading information, as people don’t really want to get actual information. but it may be effective in spreading panic. I think there’s a case to be made that it will accentuate the downturn and make people more fearful to jump in.

Drink Heavily.

[scaredyclassic]

i think i disagree in this sense; i don’t think it will generally be effective in spreading information, as people don’t really want to get actual information. but it may be effective in spreading panic. I think there’s a case to be made that it will accentuate the downturn and make people more fearful to jump in.

Drink Heavily.

[scaredyclassic]

i think i disagree in this sense; i don’t think it will generally be effective in spreading information, as people don’t really want to get actual information. but it may be effective in spreading panic. I think there’s a case to be made that it will accentuate the downturn and make people more fearful to jump in.

Drink Heavily.

[scaredyclassic]

i think i disagree in this sense; i don’t think it will generally be effective in spreading information, as people don’t really want to get actual information. but it may be effective in spreading panic. I think there’s a case to be made that it will accentuate the downturn and make people more fearful to jump in.

Drink Heavily.

[NeetaT]

I don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.

[NeetaT]

I don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.

[NeetaT]

I don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.

[NeetaT]

I don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.

[Author]

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