The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (240419)	3/10/2010 1:59:45 AM
From: Perspective	Read Replies (3) of 306849

<DiTech has ads on CNBC every 30 seconds for 125% home loans so you can invest in home improvement (yeah right, thats why the ads are on cnbc)> And yet we got razzed for discussing the concept of a real estate bubble then. My biggest mistake was in not remembering that it is rational to play along with a bubble in its early days. I managed to do it in stocks up until late 1999, but blew it when it came to real estate. <and at that point, they'll start confiscating gold and cancelling out short trades, so there's no way you can make money on the short side anyway. Just give it up, you chumps, buy the damn calls. There is no way this will end profitably for anyone who doesn't join the mania.> Boy was that eerily prophetic given the eventual short sale ban. The dumbfounding thing to me is that TEN YEARS LATER we are no further along the road to unwinding the bubble than back then. They just keep trying to shift the assets underlying the credit hindenburg to a different sector. Doesn't matter whether its stocks, houses, or commodities, a credit bubble is a credit bubble is a credit bubble. All prior bubbles have ended badly: en.wikipedia.org `BC

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