We are richer when house prices go down

[sdduuuude]

“The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom.”

So many people don’t realize this. All that cash can disappear quickly when faced with no job.

[kewp]

So many people don’t realize this. All that cash can disappear quickly when faced with no job.

I’m an uber-bear and even I have underestimated this. I figured employed in RE would go down with the housing bust, but with the bond market blowing up I didn’t realized the contagion would spread to financial services as well. All of those 100k/year brokers hitting bread lines is going to take a major toll on the economy.

[kewp]

So many people don’t realize this. All that cash can disappear quickly when faced with no job.

I’m an uber-bear and even I have underestimated this. I figured employed in RE would go down with the housing bust, but with the bond market blowing up I didn’t realized the contagion would spread to financial services as well. All of those 100k/year brokers hitting bread lines is going to take a major toll on the economy.

[kewp]

So many people don’t realize this. All that cash can disappear quickly when faced with no job.

I’m an uber-bear and even I have underestimated this. I figured employed in RE would go down with the housing bust, but with the bond market blowing up I didn’t realized the contagion would spread to financial services as well. All of those 100k/year brokers hitting bread lines is going to take a major toll on the economy.

[kewp]

So many people don’t realize this. All that cash can disappear quickly when faced with no job.

I’m an uber-bear and even I have underestimated this. I figured employed in RE would go down with the housing bust, but with the bond market blowing up I didn’t realized the contagion would spread to financial services as well. All of those 100k/year brokers hitting bread lines is going to take a major toll on the economy.

[kewp]

So many people don’t realize this. All that cash can disappear quickly when faced with no job.

I’m an uber-bear and even I have underestimated this. I figured employed in RE would go down with the housing bust, but with the bond market blowing up I didn’t realized the contagion would spread to financial services as well. All of those 100k/year brokers hitting bread lines is going to take a major toll on the economy.

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Aecetia]

I think Temecula Guy is really one of the main characters from Office Space: “The thing is, Bob, it’s not that I’m lazy, it’s that I just don’t care.” The way things are going, someone will just donate their house to him because he is so darn funny.

Wake up Felix, the bubble has popped, the ship has sailed.

[Aecetia]

I think Temecula Guy is really one of the main characters from Office Space: “The thing is, Bob, it’s not that I’m lazy, it’s that I just don’t care.” The way things are going, someone will just donate their house to him because he is so darn funny.

Wake up Felix, the bubble has popped, the ship has sailed.

[Aecetia]

I think Temecula Guy is really one of the main characters from Office Space: “The thing is, Bob, it’s not that I’m lazy, it’s that I just don’t care.” The way things are going, someone will just donate their house to him because he is so darn funny.

Wake up Felix, the bubble has popped, the ship has sailed.

[Aecetia]

I think Temecula Guy is really one of the main characters from Office Space: “The thing is, Bob, it’s not that I’m lazy, it’s that I just don’t care.” The way things are going, someone will just donate their house to him because he is so darn funny.

Wake up Felix, the bubble has popped, the ship has sailed.

[Author]

Posts