Question: Will anyone read an architecture / cycling / global warming / peak oil / housing bubble bursting blog? Answer: Don't care, therapy is therapy. Looks like it's gonna be a long hard slog, uphill, into the gale, with rusty gears and a bad attitude.
When home prices plunge more in September, year-over-year, than they have in 35 years, Howard thinks it's safe to say that the real estate bubble is bursting right now in a big way. Hang on tight, kids. Lots of suffering to come... after the election, of course. That way Democrats can be blamed.
posted by Howard at 7:40 PM
I try to work as little as possible, but when I do, I bill at $75 an hour. I'm worth more, but illegal immigrants are holding down wages. And yeah, that's a picture of me... only I'm taller and younger. You want to believe me, don't you?
1 Comments:
IMF's 'World Economic Outlook' 2003: "Housing price busts were associated with stronger and faster adverse effects on the banking system than equity price busts... All major banking crises in industrial countries during the postwar period coincided with housing price busts".
EEK!
-J
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