The Prognostication Station – A Chance to go on the Record!

[latesummer2008]

Stay Tuned.. Program is starting to change now. The weak dollar will ultimately force the Feds hand by eventually raising interest rates to keep foreign money here. Possible rate decrease first, to try jumpstarting housing but it won’t last. Fed may just throw in the towel on housing and screw the little guy once again to save banks and Wall Street.

So Cal -50% off peak prices
Dow 8800

Post any big drops on the Westside here :

http://westsideremeltdown.blogspot.com

Maybe someone should start another meltdown posting sight for other neighborhoods ? San Diego, La Jolla etc..

[anxvariety]

I just hit the up for 34 hours mark.. bare with me, but I’d like to participate and toss some ideas out..

…Housing will be stagnant and prices won’t even matter for most people because they are either too busy putting in the 60 hours a week just to pay for interest on their home note and gas costs to and from work or they won’t have the job history/income to get a loan since money will be hard to come by.. there will be no investors in the real estate market since it will be taken over by some new government subsidies.. only people that have chunks of equity looking to trade spots with others in the same position will be buying/selling.. There will be federal socialist programs to start getting middle class used to living in government apartment buildings for discounted but still unaffordable while on unemployment rent..

….Crime will begin to go up, and it’s association with unemployment will reer its head… We will start to see what happens when illegal immigrants and hoodlums do with their time when they don’t have a job and their 9 kids need a place to live…

…Illegal immigrant thing in southern california will further highlight itself in the foreground as mortgages are scrutinized and loan information reconciled by banks looking to clean up/salvage their books.

….People will start to wonder how inflation is so high when cash is so hard to come by.. who moved the free money tree and so on..

….Stock market will be dormant and only those who like watching paint dry or have the pulse of a lizard on a block of ice will have the patience to earn their pennies on small fluctuations..

…There will be mass exodus to the great plains where people can have their unemployment dollar go further.. unemployment benefits can be modified in times of economic turmoil this will allow people to survive for the 5 years they won’t have a job.

[latesummer2008]

I believe they call that STAGFLATION. Housing price will drop from artificial highs. Mass emigration from expensive California to TX,and other parts of the more affordable south.

[Anonymous]

I was wrong, so I am moving my prediction to tomorrow. Dow down 400 points by close of business March 15th.

[Author]

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