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Recent Blog Posts
1 Billion
on Aug 13, 2007 in Housing Crash If you haven’t realized it yet, we are in the beginning stages of a worldwide credit meltdown. Over the coming weeks, months and even years we will all feel the pain that collectively we’re all responsible for in living such overtly spo...
The Flipside of my Argument Against a Housing Rally
on Aug 15, 2007 in Around The House Investing housing turn around market turn around housing collapse market collapse housing crash market crash interest rate drop interest rake hike Okay, so I sat down and thought more about what I wrote yesterday. After some careful consideration, I still think the housing market is in for some trouble, but I think that the light at the end of the tunnel might actually be closer than what I in...
The Second Great Depression or a Blip on the Radar?
on Aug 27, 2007 in Around The House housing crisis housing crash housing values housing prices housing turnaround housing turn around housing bottom Depending on who you ask, the “crisis” surrounding the United States housing market is likely to go one of two ways: 1) the decline in the price of homes, and the subsequent drying up of the housing ATM is going to lead the country into t...
The Biggest Mess Since 1929
on Dec 7, 2007 in Housing Market Finance Credit FED bubbles Mortgage Blog Bond Market Housing Crash credit crunch Liquidity Crisis It was Charles Mackay, the 19th-century Scottish journalist, who observed that men go mad in herds but only come to their senses one by one. We are only at the beginning of the financial world coming to its senses after the bursting of the biggest...
90% fewer buyers for five-times the number of homes
on Dec 9, 2007 in Housing Market Real Estate Mortgage Blog Housing Crash Herb Greenberg Even before this mortgage mess started, one person who kept emailing me over and over saying that this is going to get real bad. He kept saying this was beyond sub-prime, beyond low FICO scores, beyond Alt-A and beyond the imagination...