[lonestar2000]

Scary list there, my heart goes out to all those families affected. It is also going to further depress spending, and as it was pointed out it is a killer for RE. Quite the feedback loop building here.

[lonestar2000]

Scary list there, my heart goes out to all those families affected. It is also going to further depress spending, and as it was pointed out it is a killer for RE. Quite the feedback loop building here.

[lonestar2000]

Scary list there, my heart goes out to all those families affected. It is also going to further depress spending, and as it was pointed out it is a killer for RE. Quite the feedback loop building here.

[lonestar2000]

Scary list there, my heart goes out to all those families affected. It is also going to further depress spending, and as it was pointed out it is a killer for RE. Quite the feedback loop building here.

[lonestar2000]

Scary list there, my heart goes out to all those families affected. It is also going to further depress spending, and as it was pointed out it is a killer for RE. Quite the feedback loop building here.

[lonestar2000]

As I commented before (a long, long time ago, in another thread on a similar topic), although there were a couple of mal-contents calling for the resession itself, who don’t speak for the majority, most of us simply wanted a return to the normal level of affordability of housing. Now, if correcting the said cost inbalance requires a resession, then there simply is no other choice, but the balance must return one way or another. The inbalance was simply unsustainable and was a bubble waiting to burst.

Now that it has begun, it is bursting in a big way, and in some ways faster and more dramatically than most of us figured it would, and it certainly is no fun when a job loss or other calamity hist close to home, but if you’re realilstic you’ll agree that this correction is necessary and was inevitable.

So, to the end of restoring the inbalance — I say Bring it On — all the while smirking to myself because it matters not what I say, because the market will correct itself no matter what and there is not a thing that anyone can do about it, just like it has every single time in the past. As big as this inbalance was, so will the correction be…messy and unrelenting in its fury, wreacking everything in its path. Those who are to survive will learn to ride the wave, or get out of its way, because attempting to fight it is utter foolishness.

[lonestar2000]

As I commented before (a long, long time ago, in another thread on a similar topic), although there were a couple of mal-contents calling for the resession itself, who don’t speak for the majority, most of us simply wanted a return to the normal level of affordability of housing. Now, if correcting the said cost inbalance requires a resession, then there simply is no other choice, but the balance must return one way or another. The inbalance was simply unsustainable and was a bubble waiting to burst.

Now that it has begun, it is bursting in a big way, and in some ways faster and more dramatically than most of us figured it would, and it certainly is no fun when a job loss or other calamity hist close to home, but if you’re realilstic you’ll agree that this correction is necessary and was inevitable.

So, to the end of restoring the inbalance — I say Bring it On — all the while smirking to myself because it matters not what I say, because the market will correct itself no matter what and there is not a thing that anyone can do about it, just like it has every single time in the past. As big as this inbalance was, so will the correction be…messy and unrelenting in its fury, wreacking everything in its path. Those who are to survive will learn to ride the wave, or get out of its way, because attempting to fight it is utter foolishness.

[lonestar2000]

As I commented before (a long, long time ago, in another thread on a similar topic), although there were a couple of mal-contents calling for the resession itself, who don’t speak for the majority, most of us simply wanted a return to the normal level of affordability of housing. Now, if correcting the said cost inbalance requires a resession, then there simply is no other choice, but the balance must return one way or another. The inbalance was simply unsustainable and was a bubble waiting to burst.

Now that it has begun, it is bursting in a big way, and in some ways faster and more dramatically than most of us figured it would, and it certainly is no fun when a job loss or other calamity hist close to home, but if you’re realilstic you’ll agree that this correction is necessary and was inevitable.

So, to the end of restoring the inbalance — I say Bring it On — all the while smirking to myself because it matters not what I say, because the market will correct itself no matter what and there is not a thing that anyone can do about it, just like it has every single time in the past. As big as this inbalance was, so will the correction be…messy and unrelenting in its fury, wreacking everything in its path. Those who are to survive will learn to ride the wave, or get out of its way, because attempting to fight it is utter foolishness.

[lonestar2000]

As I commented before (a long, long time ago, in another thread on a similar topic), although there were a couple of mal-contents calling for the resession itself, who don’t speak for the majority, most of us simply wanted a return to the normal level of affordability of housing. Now, if correcting the said cost inbalance requires a resession, then there simply is no other choice, but the balance must return one way or another. The inbalance was simply unsustainable and was a bubble waiting to burst.

Now that it has begun, it is bursting in a big way, and in some ways faster and more dramatically than most of us figured it would, and it certainly is no fun when a job loss or other calamity hist close to home, but if you’re realilstic you’ll agree that this correction is necessary and was inevitable.

So, to the end of restoring the inbalance — I say Bring it On — all the while smirking to myself because it matters not what I say, because the market will correct itself no matter what and there is not a thing that anyone can do about it, just like it has every single time in the past. As big as this inbalance was, so will the correction be…messy and unrelenting in its fury, wreacking everything in its path. Those who are to survive will learn to ride the wave, or get out of its way, because attempting to fight it is utter foolishness.

[lonestar2000]

As I commented before (a long, long time ago, in another thread on a similar topic), although there were a couple of mal-contents calling for the resession itself, who don’t speak for the majority, most of us simply wanted a return to the normal level of affordability of housing. Now, if correcting the said cost inbalance requires a resession, then there simply is no other choice, but the balance must return one way or another. The inbalance was simply unsustainable and was a bubble waiting to burst.

Now that it has begun, it is bursting in a big way, and in some ways faster and more dramatically than most of us figured it would, and it certainly is no fun when a job loss or other calamity hist close to home, but if you’re realilstic you’ll agree that this correction is necessary and was inevitable.

So, to the end of restoring the inbalance — I say Bring it On — all the while smirking to myself because it matters not what I say, because the market will correct itself no matter what and there is not a thing that anyone can do about it, just like it has every single time in the past. As big as this inbalance was, so will the correction be…messy and unrelenting in its fury, wreacking everything in its path. Those who are to survive will learn to ride the wave, or get out of its way, because attempting to fight it is utter foolishness.

[lonestar2000]

socrattt you’re not completely off base, not in the least, there is no short-term end in sight for this correction that is engulfing the entire planet. The rules of cause in effect are ever proving their point, the decoupling myth is so quickly proving itself wrong it is not even funny.

We have a perfect storm that has been brewing ever since Nixon nixed (pun intended) the gold standard and all the levereging built up since then is unwinding.

Hell hath no fury…as they say, and payback is a b*tch. Revenge is a dish best served cold, and it is very cold in space. Ok, enough quotes…

The point is, not until all the inbalances come back into balance will this be done, and we’re barely in the 2nd inning in this ballgame.

Nobody is saying that you’ll be able to pick up a home for $100, although in some places of the country you can do just that right now, but they WILL correct to a level that is in line of earnings and prices people can afford in this market of a rapidly disappearing credit pool and tightening loan standards. As it was pointed out, those who have cash reserves will be able to pick up some real bargains, and those who used up their reserves to survive a job loss will be left renting until they have 20% to put down.

I’m not a doom and gloomer, but I AM a realist, and anyone can only guess how much the markets will correct this time around and how much it will overshoot on its way down. I have no need for a tinsel hat, but I do believe that we’re not out of the woods quite yet.

[lonestar2000]

socrattt you’re not completely off base, not in the least, there is no short-term end in sight for this correction that is engulfing the entire planet. The rules of cause in effect are ever proving their point, the decoupling myth is so quickly proving itself wrong it is not even funny.

We have a perfect storm that has been brewing ever since Nixon nixed (pun intended) the gold standard and all the levereging built up since then is unwinding.

Hell hath no fury…as they say, and payback is a b*tch. Revenge is a dish best served cold, and it is very cold in space. Ok, enough quotes…

The point is, not until all the inbalances come back into balance will this be done, and we’re barely in the 2nd inning in this ballgame.

Nobody is saying that you’ll be able to pick up a home for $100, although in some places of the country you can do just that right now, but they WILL correct to a level that is in line of earnings and prices people can afford in this market of a rapidly disappearing credit pool and tightening loan standards. As it was pointed out, those who have cash reserves will be able to pick up some real bargains, and those who used up their reserves to survive a job loss will be left renting until they have 20% to put down.

I’m not a doom and gloomer, but I AM a realist, and anyone can only guess how much the markets will correct this time around and how much it will overshoot on its way down. I have no need for a tinsel hat, but I do believe that we’re not out of the woods quite yet.

[lonestar2000]

socrattt you’re not completely off base, not in the least, there is no short-term end in sight for this correction that is engulfing the entire planet. The rules of cause in effect are ever proving their point, the decoupling myth is so quickly proving itself wrong it is not even funny.

We have a perfect storm that has been brewing ever since Nixon nixed (pun intended) the gold standard and all the levereging built up since then is unwinding.

Hell hath no fury…as they say, and payback is a b*tch. Revenge is a dish best served cold, and it is very cold in space. Ok, enough quotes…

The point is, not until all the inbalances come back into balance will this be done, and we’re barely in the 2nd inning in this ballgame.

Nobody is saying that you’ll be able to pick up a home for $100, although in some places of the country you can do just that right now, but they WILL correct to a level that is in line of earnings and prices people can afford in this market of a rapidly disappearing credit pool and tightening loan standards. As it was pointed out, those who have cash reserves will be able to pick up some real bargains, and those who used up their reserves to survive a job loss will be left renting until they have 20% to put down.

I’m not a doom and gloomer, but I AM a realist, and anyone can only guess how much the markets will correct this time around and how much it will overshoot on its way down. I have no need for a tinsel hat, but I do believe that we’re not out of the woods quite yet.

[lonestar2000]

socrattt you’re not completely off base, not in the least, there is no short-term end in sight for this correction that is engulfing the entire planet. The rules of cause in effect are ever proving their point, the decoupling myth is so quickly proving itself wrong it is not even funny.

We have a perfect storm that has been brewing ever since Nixon nixed (pun intended) the gold standard and all the levereging built up since then is unwinding.

Hell hath no fury…as they say, and payback is a b*tch. Revenge is a dish best served cold, and it is very cold in space. Ok, enough quotes…

The point is, not until all the inbalances come back into balance will this be done, and we’re barely in the 2nd inning in this ballgame.

Nobody is saying that you’ll be able to pick up a home for $100, although in some places of the country you can do just that right now, but they WILL correct to a level that is in line of earnings and prices people can afford in this market of a rapidly disappearing credit pool and tightening loan standards. As it was pointed out, those who have cash reserves will be able to pick up some real bargains, and those who used up their reserves to survive a job loss will be left renting until they have 20% to put down.

I’m not a doom and gloomer, but I AM a realist, and anyone can only guess how much the markets will correct this time around and how much it will overshoot on its way down. I have no need for a tinsel hat, but I do believe that we’re not out of the woods quite yet.

[lonestar2000]

socrattt you’re not completely off base, not in the least, there is no short-term end in sight for this correction that is engulfing the entire planet. The rules of cause in effect are ever proving their point, the decoupling myth is so quickly proving itself wrong it is not even funny.

We have a perfect storm that has been brewing ever since Nixon nixed (pun intended) the gold standard and all the levereging built up since then is unwinding.

Hell hath no fury…as they say, and payback is a b*tch. Revenge is a dish best served cold, and it is very cold in space. Ok, enough quotes…

The point is, not until all the inbalances come back into balance will this be done, and we’re barely in the 2nd inning in this ballgame.

Nobody is saying that you’ll be able to pick up a home for $100, although in some places of the country you can do just that right now, but they WILL correct to a level that is in line of earnings and prices people can afford in this market of a rapidly disappearing credit pool and tightening loan standards. As it was pointed out, those who have cash reserves will be able to pick up some real bargains, and those who used up their reserves to survive a job loss will be left renting until they have 20% to put down.

I’m not a doom and gloomer, but I AM a realist, and anyone can only guess how much the markets will correct this time around and how much it will overshoot on its way down. I have no need for a tinsel hat, but I do believe that we’re not out of the woods quite yet.

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