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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (51262)5/16/2006 2:17:47 PM
From: patron_anejo_por_favor  Read Replies (3) of 116555
 
>>The worst possible scenario, that prices would 'stay the same' over the next three years, was selected by just 5 percent of homeowners<<

If anyone needs prima facie evidence that housing is in a bubble, here it is. That "the worst possible scenario" was considered to be housing prices "staying the same" makes me so bearish my head's gonna explode!<G>

And even with that, only 5 percent of homeowner's considered the "nuclear winter" price flat option likely! ROTFLOLOLOL!

Have I told you lately this is gonna end badly?
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