The greatest theft in American history…

[NotCranky]

Blaming anyone’s more bullish attitudes on buying a house doesn’t work all the time and may or may not apply to WFB.How do you know? Why can’t they have an opinion on doom and gloom the same as you can? Many of us have owned houses continuously since joining this forum years ago. I owned a house continuously and predicted a 45-50% loss in mostly nominal terms and I predicted that much of it would happen fast. If it doesn’t get quite to 50% should we blame it on the fact that I own a house? Now I think the previous lows generally speaking are the bottom. O.K. it’s because I own a house, soon to be two. Try to argue better like you expect other people to.

[Rt.66]

I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.

[Rt.66]

I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.

[Rt.66]

I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.

[Rt.66]

I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.

[Rt.66]

I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.

[NotCranky]

[quote=Rt.66]I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.[/quote]

I still think you are making a lot of assumptions. Use the track feature and I think you will find scant participation by WFB on the doom and gloom threads during his or her two years here. Looks like one of those who stick to real estate for the most part. Also, there have always been people who didn’t buy into the doom and gloom and especially “end of the world as we know it” attitudes. I don’t think the long timers here are prone to being impulsive about their outlooks on things in housing and the economy.

I do agree with those who say some of this stuff is actually grim fact, having gone beyond theory and into reality. I see big components of the actual bad news as more likely to result in holding up nominal RE prices not less.

[NotCranky]

[quote=Rt.66]I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.[/quote]

I still think you are making a lot of assumptions. Use the track feature and I think you will find scant participation by WFB on the doom and gloom threads during his or her two years here. Looks like one of those who stick to real estate for the most part. Also, there have always been people who didn’t buy into the doom and gloom and especially “end of the world as we know it” attitudes. I don’t think the long timers here are prone to being impulsive about their outlooks on things in housing and the economy.

I do agree with those who say some of this stuff is actually grim fact, having gone beyond theory and into reality. I see big components of the actual bad news as more likely to result in holding up nominal RE prices not less.

[NotCranky]

[quote=Rt.66]I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.[/quote]

I still think you are making a lot of assumptions. Use the track feature and I think you will find scant participation by WFB on the doom and gloom threads during his or her two years here. Looks like one of those who stick to real estate for the most part. Also, there have always been people who didn’t buy into the doom and gloom and especially “end of the world as we know it” attitudes. I don’t think the long timers here are prone to being impulsive about their outlooks on things in housing and the economy.

I do agree with those who say some of this stuff is actually grim fact, having gone beyond theory and into reality. I see big components of the actual bad news as more likely to result in holding up nominal RE prices not less.

[NotCranky]

[quote=Rt.66]I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.[/quote]

I still think you are making a lot of assumptions. Use the track feature and I think you will find scant participation by WFB on the doom and gloom threads during his or her two years here. Looks like one of those who stick to real estate for the most part. Also, there have always been people who didn’t buy into the doom and gloom and especially “end of the world as we know it” attitudes. I don’t think the long timers here are prone to being impulsive about their outlooks on things in housing and the economy.

I do agree with those who say some of this stuff is actually grim fact, having gone beyond theory and into reality. I see big components of the actual bad news as more likely to result in holding up nominal RE prices not less.

[NotCranky]

[quote=Rt.66]I was making light of an extreem flip-flop in attitude due to purchasing a house. And the plea to stop with the bad news, now that they have bought a house.

And how…. now that they are on the other side of the fence the people still on their previous side of the fence, are going overboard.[/quote]

I still think you are making a lot of assumptions. Use the track feature and I think you will find scant participation by WFB on the doom and gloom threads during his or her two years here. Looks like one of those who stick to real estate for the most part. Also, there have always been people who didn’t buy into the doom and gloom and especially “end of the world as we know it” attitudes. I don’t think the long timers here are prone to being impulsive about their outlooks on things in housing and the economy.

I do agree with those who say some of this stuff is actually grim fact, having gone beyond theory and into reality. I see big components of the actual bad news as more likely to result in holding up nominal RE prices not less.

[Arraya]

[quote=Rt.66]This is an article everyone interested in RE values should read. It certainly falls into the doom and gloom catagory, but its hard to fight the reasoning IMO.

http://europe.theoildrum.com/node/5917

Lot’s of charts drive the points home, we are in an historically difficult situation.

Without real jobs I can’t see the US pullling up from this plunge without the pain discribed. Where will the jobs come from? The fake FIRE jobs are disappearing at break-neck speed and the American people have no sense of job protection/support anymore.

RE has a lot farther to fall. If you don’t know that then you are just like the folks during the great depression who fell for the sucker rallies. Yet probably even more blind, as we all now have easy access to the facts and figures underlining the deterioration of the still over-priced RE foundation.

Or, are you one of the folks that believe the greatest bubble in history will not follow the path of every other bubble?[/quote]

This is a very important article. Highly recommended to everybody.

[Arraya]

[quote=Rt.66]This is an article everyone interested in RE values should read. It certainly falls into the doom and gloom catagory, but its hard to fight the reasoning IMO.

http://europe.theoildrum.com/node/5917

Lot’s of charts drive the points home, we are in an historically difficult situation.

Without real jobs I can’t see the US pullling up from this plunge without the pain discribed. Where will the jobs come from? The fake FIRE jobs are disappearing at break-neck speed and the American people have no sense of job protection/support anymore.

RE has a lot farther to fall. If you don’t know that then you are just like the folks during the great depression who fell for the sucker rallies. Yet probably even more blind, as we all now have easy access to the facts and figures underlining the deterioration of the still over-priced RE foundation.

Or, are you one of the folks that believe the greatest bubble in history will not follow the path of every other bubble?[/quote]

This is a very important article. Highly recommended to everybody.

[Arraya]

[quote=Rt.66]This is an article everyone interested in RE values should read. It certainly falls into the doom and gloom catagory, but its hard to fight the reasoning IMO.

http://europe.theoildrum.com/node/5917

Lot’s of charts drive the points home, we are in an historically difficult situation.

Without real jobs I can’t see the US pullling up from this plunge without the pain discribed. Where will the jobs come from? The fake FIRE jobs are disappearing at break-neck speed and the American people have no sense of job protection/support anymore.

RE has a lot farther to fall. If you don’t know that then you are just like the folks during the great depression who fell for the sucker rallies. Yet probably even more blind, as we all now have easy access to the facts and figures underlining the deterioration of the still over-priced RE foundation.

Or, are you one of the folks that believe the greatest bubble in history will not follow the path of every other bubble?[/quote]

This is a very important article. Highly recommended to everybody.

[Arraya]

[quote=Rt.66]This is an article everyone interested in RE values should read. It certainly falls into the doom and gloom catagory, but its hard to fight the reasoning IMO.

http://europe.theoildrum.com/node/5917

Lot’s of charts drive the points home, we are in an historically difficult situation.

Without real jobs I can’t see the US pullling up from this plunge without the pain discribed. Where will the jobs come from? The fake FIRE jobs are disappearing at break-neck speed and the American people have no sense of job protection/support anymore.

RE has a lot farther to fall. If you don’t know that then you are just like the folks during the great depression who fell for the sucker rallies. Yet probably even more blind, as we all now have easy access to the facts and figures underlining the deterioration of the still over-priced RE foundation.

Or, are you one of the folks that believe the greatest bubble in history will not follow the path of every other bubble?[/quote]

This is a very important article. Highly recommended to everybody.

[Author]

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