Housing Doom

I’m going to say about the same as 2008. I don’t think you can believe anything the talking heads say anymore. Supposedly we have a credit card bubble waiting to burst, the housing bubble is being extended, and the government is borrowing trillions in 09, and supposedly the feds are planning on inflating our way out of this one.

http://seekingalpha.com/article/113123-will-2009-bring-ring-three-of-the-financial-circus?source=article_sb_picks

I really only had to listen to the first thing said to realize what morons I’m watching. As a RE agent, I’ve worked with investors for over 10 years and NOT EVEN ONE has ever counted on a “stimulus package” in order to reap a return on their investment.

If our business world has gotten to the point that an INVESTOR is counting on mama and papa to prime the pump so they can reap a return, then I am looking at a business world chock full of dipsh*ts and I cannot wait to jump into the market when the numbers look good to me, and take all those crying babies’ candy away forever.

I am just sitting like a snake in the grass, cash in CD, and am salivating at the thought that my competition is stupider than I even imagined.

Another $700 Billion won’t do anything to stop the defaulting loans coming down the pike; what it will do is dumb-down my competition so I can slap them silly when they’re not looking.

I would put money on the fact that ‘09 is going to be quicksand for a lot of folks.