Well, I think it’s time to throw a little more fuel on the fire, just for fun. My good buddy Reno Ignoramus is a voracious reader and kindly provided the following links:
Nasty recession coming soon. read
The psychology of the housing spike. read
Is it really a lending bubble? read
Sacramento flipper losses. read
Investment psyche roller coaster. see
Homebuilder mood is grim. read
Home sales slump lower than forecast. read
This could drag the entire economy. read
I think I need some chocolate. yes
Reno Ignoramus
“The housing market is deteriorating by the month. It feels a little scary right now. I think these markets will correct. The price gains that (the markets) have seen have exceeded what can be supported by the economic and demographic fundamentals.”
Celia Chen, Director of Housing Economics, Moodys Economy
August 24, 2006
“The housing market is undergoing a measurable adjustment. The bloated inventory levels indicate a very sudden change which I have never seen before.”
Lawrence Yun, Senior Economist, Realtor Association
August 23, 2006
Diane, pass the chocolate.