It’s Monday, and we’re hearing a number of opinions on the credit crisis. Is in nearing the end, or only the beginning? Here’s the opinion of a number of industry sources:
Doom is of the opinion that home values will continue to decline, which is going to continue to put pressure on lending and credit markets. This is your chance to weigh in on this though, or on any other housing related topic. This is an open thread, so let us know what’s on your mind!
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A blog post I found that was too funny to pass up:
rate comment:
Posted Feb-28
3:54 PMNo the space aliens are going to save housing – they are going to start transporting thousands of buyers, with pockets full of gold-latinum, into the center of Phx. They will all be working at huge aerospace companies, with great benefits, and unlimited health care, and making 75k a year plus;, manufacturing the components for inter galactic warp drive engines.
The center of the earth will be found to contain an unlimited supply of summer blend premium unleaded gasoline – dropping prices to 3 cents per gallon.
The economy will be so good, that they will all vote republican, since also by then their taxes will have been cut to zero, and the prime rate will be a negative 2 percent.
Grandpa Mc Cain will sweep all 50 states, and will be eventfully carbonite frozen in order to run for a second term – with Jaba the Hut as his running mate.
Trust me its all true – I read it while checking out with my $4 gallon of milk, and $3 loaf of bread at Albertsons.
I was in total agreement with you, Billy D, until you lost all credibility with this:
“with Jaba the Hut as his running mate.”
EVERYBODY knows that Jaba the Hut ate himself.
Wait…. or was that “Pizza the Hut?”
Either way, I’ll watch MTV for the first signs of the gold-latinum (in teeth caps or ‘grills’)… and I like the 3 cent / gallon gas!!!
Yippee!
We are an ostrich economy. If our heads are’nt stuck in the ground to avoid seeing what we don’t want to see then then they are surely stuck up something else. Hey it’s human nature. I came into work today to problems I avoided on Friday. I don’t want to deal with them this morning so I’ll just wait and look at them after lunch. But I know come afternoon I’ll find another excuse to put it off until the client calls. Same deal in a macro way with the credit crunch. It ain’t going away, anyone with common sense knows this but overextended consummers will keep borrowing and lenders will push the bad paper off their balance sheets. That is until the doo doo really hits the fan. It’s about the day of reckoning and putting off pain. Some problems just don’t have good solutions people can affect so they will have to resolve themselves. It isn’t going to be pretty.
“Why Rhett Butler, surely you don’t think I’ll lose my beloved Tara, do you?”
“Scarlett, I don’t give a damn about your beloved Tara.”
“Oh Rhett, surely you don’t mean that!”
“Damn Yanks and their credit crisis, I’ve got a good mind to…”
“Oh fiddle-dee-dee Capt’n Butler, I’ll think about it tomorrow.”
Our credit crisis isn’t going to be Gone With The Wind anytime soon…
BillyD-
M occasionally asks me, “What is it that we are missing? Are we just too bearish? Will something turn this all around and we’re not seeing it?”
It’s good to know the aliens will save us- I was worried there. : )
What to weigh in on, it’s a waiting game, driven by greed and greed only. Just keep following the money and watching the exits.
18.6 million empty homes?!?
http://liberatethis.com/about.html
The aliens will buy in Phoenix first.
It’s different here!
Billy D,
That blog is actually more believable than prices of homes will go up %20 a year indefinately.
Well, if they continued to go up, all my daughter could hope for when she’s grown is a rusted out VAN, down by the RIVER!