[cr]

This is the beginning of a shift in sentiment I’ve been looking for.

“Robert Toll, chairman and CEO of Toll Brothers, told CNBC that he sees the housing industry’s “recession” continuing through 2009.”

http://www.cnbc.com/id/26991230

Once all the speculators – “owners”, banks, Realtors, flippers, brokers – realize housing isn’t coming back anytime soon, then I’ll start looking.

[cr]

This is the beginning of a shift in sentiment I’ve been looking for.

“Robert Toll, chairman and CEO of Toll Brothers, told CNBC that he sees the housing industry’s “recession” continuing through 2009.”

http://www.cnbc.com/id/26991230

Once all the speculators – “owners”, banks, Realtors, flippers, brokers – realize housing isn’t coming back anytime soon, then I’ll start looking.

[cr]

This is the beginning of a shift in sentiment I’ve been looking for.

“Robert Toll, chairman and CEO of Toll Brothers, told CNBC that he sees the housing industry’s “recession” continuing through 2009.”

http://www.cnbc.com/id/26991230

Once all the speculators – “owners”, banks, Realtors, flippers, brokers – realize housing isn’t coming back anytime soon, then I’ll start looking.

[cr]

I think the course this thread has taken is indicative of the negative effect partisan politics has.

With but a very few exceptions our political leaders are incompetent embeciles.

Knowing that, the housing bubble should have been prevented by people realizing they can’t afford (and therefore shouldn’t buy) a house if you have to sell it when the full payments kick in. Plenty of us here figured that out, is that too much to expect?

Blame the polticians all you want (and I do too), but for decades now people have been trained to be stupid and not held accountable for their actions.

That’s as much a cultural movement as a political one, and equally at fault for this entire mess.

[cr]

I think the course this thread has taken is indicative of the negative effect partisan politics has.

With but a very few exceptions our political leaders are incompetent embeciles.

Knowing that, the housing bubble should have been prevented by people realizing they can’t afford (and therefore shouldn’t buy) a house if you have to sell it when the full payments kick in. Plenty of us here figured that out, is that too much to expect?

Blame the polticians all you want (and I do too), but for decades now people have been trained to be stupid and not held accountable for their actions.

That’s as much a cultural movement as a political one, and equally at fault for this entire mess.

[cr]

I think the course this thread has taken is indicative of the negative effect partisan politics has.

With but a very few exceptions our political leaders are incompetent embeciles.

Knowing that, the housing bubble should have been prevented by people realizing they can’t afford (and therefore shouldn’t buy) a house if you have to sell it when the full payments kick in. Plenty of us here figured that out, is that too much to expect?

Blame the polticians all you want (and I do too), but for decades now people have been trained to be stupid and not held accountable for their actions.

That’s as much a cultural movement as a political one, and equally at fault for this entire mess.

[cr]

I think the course this thread has taken is indicative of the negative effect partisan politics has.

With but a very few exceptions our political leaders are incompetent embeciles.

Knowing that, the housing bubble should have been prevented by people realizing they can’t afford (and therefore shouldn’t buy) a house if you have to sell it when the full payments kick in. Plenty of us here figured that out, is that too much to expect?

Blame the polticians all you want (and I do too), but for decades now people have been trained to be stupid and not held accountable for their actions.

That’s as much a cultural movement as a political one, and equally at fault for this entire mess.

[cr]

I think the course this thread has taken is indicative of the negative effect partisan politics has.

With but a very few exceptions our political leaders are incompetent embeciles.

Knowing that, the housing bubble should have been prevented by people realizing they can’t afford (and therefore shouldn’t buy) a house if you have to sell it when the full payments kick in. Plenty of us here figured that out, is that too much to expect?

Blame the polticians all you want (and I do too), but for decades now people have been trained to be stupid and not held accountable for their actions.

That’s as much a cultural movement as a political one, and equally at fault for this entire mess.

[cr]

No kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.

Afterall, it’s not their fault prices are going down, they’re innocent victims.

/sarcasm (in case it wasn’t blatantly obvious)

[cr]

No kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.

Afterall, it’s not their fault prices are going down, they’re innocent victims.

/sarcasm (in case it wasn’t blatantly obvious)

[cr]

No kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.

Afterall, it’s not their fault prices are going down, they’re innocent victims.

/sarcasm (in case it wasn’t blatantly obvious)

[cr]

No kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.

Afterall, it’s not their fault prices are going down, they’re innocent victims.

/sarcasm (in case it wasn’t blatantly obvious)

[cr]

No kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.

Afterall, it’s not their fault prices are going down, they’re innocent victims.

/sarcasm (in case it wasn’t blatantly obvious)

[cr]

Maybe I just don’t know anything about legislation anymore but if it doesn’t pass in the House then it’s dead, right?

So, why is any form of the bailout at all going to the Senate?

[cr]

Maybe I just don’t know anything about legislation anymore but if it doesn’t pass in the House then it’s dead, right?

So, why is any form of the bailout at all going to the Senate?

[Author]

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