Max, Skeeter, Vi, and gang....stay focused. Repeat 2008 is on the way, IMHO. I'll keep posting over here.
The 5 year nuclear bomb option arms are about to blow to hell. What's all of this about? What is this great depression about?
It's about greed, debt, and bust.
It's about greed, and the greed created the debt, and the debt will demolish this place.
What's this currently all about? It's about a false bottom....a CON rally.
Based on demographics, there's no reason to build another house, store, or road for maybe 15 years?
Commercial real estate is blowing up. Bye,, bye, Dubai.
We're about to witness Wave 2....these 5 year option arms are all pretty much a "0". These greedy folks are facing the doubling and tripling of their mortgage payments.
The media is putting out more and more stories lately about how it isn't right to "walk away". Walk away they will....will they have any choice?
This in turn will create 2008 all over again IMO.
5 year option arms blow to hell through 2011.
We might end up with 1 in 8 houses empty by the end of 2011.
They built 2 million new homes per year for only 1 million new households in the boom years (2002-2006).
This isn't rocket science.
10,000 baby boomers retire every single day through about 2022.
Spending is collapsing.
Housing is about to really explode....and hardly anyone is even talking about it! Not even the real estate thread.
These are the things I like in the market....things that almost no one is even talking about. It's hidden, it's a cover up, it's coming.
The housing story is far from over.
With the Wave 2 coming, and the commercial real estate bust as icing on the cake.....these banks are a "0", IMO.
It's coming....look at the market, look at the charts, stay focused and ignore the BS out there and the distractions.
This is a consumer based society....and the consumer is done.
A house next door to me just emptied out, quietly....they moved, gone....couldn't pay. I'm surrounded now by empty houses that the banks have as shadow inventory.
It's a massive CON and cover-up.
I can see things with my own eyes. I don't need some azzholes in the media telling me what I see and what I know.
This sucker rally is just like the one in 1930, IMHO.
There's no way out.
I'm with Faber....complete financial collapse and financial armageddon.
Blame who you want, but I think it's important to get prepared. |
