Comments on: Are We Headed for a Depression? This Guy Thinks So

By: Las Vegas Foreclosures

Las Vegas Foreclosures — Fri, 06 May 2011 22:58:12 +0000

Bookmarked this and I'll read that later.. I think he has a point there..

By: One Scary Collapse After Another | Redfin Los Angeles Sweet Digs

One Scary Collapse After Another | Redfin Los Angeles Sweet Digs — Wed, 17 Sep 2008 15:11:57 +0000

[...] few months back, I posted about a guy in Florida who was predicting a virtual collapse of the U.S. financial system. At least one reader thought it [...]

By: Pokey

Pokey — Thu, 12 Jun 2008 05:20:57 +0000

I’m a RE bear and don’t see the collapse as spreading beyond the usual suspects of FL, CA, NV, etc.

The demand is there but the pricing is too high.

Banks are required by accounting rules to write off the entire loan but when the home sells they can “write on” the ‘gain’. So many of these losses will regain as gains.

But gloom and doom brings eyeballs to your website.

By: Marcy

Marcy — Wed, 11 Jun 2008 19:22:37 +0000

I found that article fascinating, and a link within leading to “EconomicRot” to be chock full of pertinent information having to do with the economy and housing bubble.
http://economicrot.blogspot.com/
I already knew some of it, as I have a thing for facts as opposed to truth (truth is whatever a person decides to believe), and love to do my own research. Some of it is definitely verging upon over the top in EconomicRot, but most of it (when Randy isn’t giving his personal opinions on what people should do) is indeed sound. I’ve been watching the economy tanking in the past 10 years, and mapping the causes and effects. Most don’t bother, and I understand perfectly why. However, since I have investments in domestic and overseas holdings and stocks, what happens and appears to be happening matters very much to me in ways beyond simply purchasing a house and when.

Great links. I ended up spending the past 2.5 hours exploring and reading on Randy’s blogsite, and have come away with some excellent info.

By: Krystal Solomon

Krystal Solomon — Wed, 11 Jun 2008 16:17:18 +0000

This is a hard article to read, but you have to realize this guy spends his days in the trenches of our economy. He sees people at their lowest. He is so deep in the despair of others that it is all he sees.
Not everyone is despairing.
A lot of us are just waiting.
And there are people who had started saving before this mess and are content to purchase now that prices are dropping.

The most realistic and helpful article on this blog EVER was this one:
http://losangeles.redfin.com/blog/2008/05/how_youll_know_when_its_ok_to_buy.html

which describes when you’ll know if it’s agood time to buy based on plain old math.

It isn’t all doom and gloom.