[ex-Texan]

"Seventy-one percent of consumers believe it is very likely (24%) or somewhat likely (47%) that housing prices will collapse in housing markets across the nation as a whole within the next year . . ."

View more graphs and charts here Now even the experts at Gallup confirm my opinions about hyper-inflated real estate prices. The naysayers have been proven wrong again. Watch cowardly idiots post abusive personal attacks in my KEY WORDS section. By the way, mortgage companies and realtors are laying off staffs all across the U.S. That must be why realtors report the housing market is falling apart in industry blogs. Yada, yada, yada

[RegulatorCountry]

You're cherry-picking your excerpts. Also from the linked article:

"Overall, most consumers remain optimistic about the future trend of housing prices in their local markets. While about one in three consumers feel a housing bubble could burst in their local areas, only 11% say housing prices in their local market will decline over the next year. Another 27% expect housing prices to stay the same. Still, 6 in 10 consumers expect housing prices to increase in their local areas. While these expectations are less optimistic than those observed a year ago, they likely do not reflect a belief that bubble-bursting in selected markets across the nation will lead to a widespread decline in housing prices."

[Dr. Frank fan]

Those people should immediately sell their homes for whatever they can get, if they really believe what the poll purports to show they believe.

They can sell to me, for example. I'll bid. Maybe not as high as they'd like, but hey, with the bubble about to burst and everything, how could they possibly turn me down?

[antceecee]

Man.. you are truly obsessed with your theories of housing BUBBLES!
Why is it so important to you to see people lose the equity in their homes?
What business are you in?
Are you going to profit from the LOSS of others?
You seem to be wringing your hands and jumping up and down, just waiting for the misery of others!
You really need to get out and gain a new perspective of what is important in life.

[AZ_Cowboy]

Well, you were right about the keyword kooks.

Interest rates are certainly headed up thanks to the soaring energy costs, and the energy costs will eventually lead to increases in all sorts of other things. It will sure be interesting to see how this affects the Interest-Only folks, but it can't be good.

I am always open to more land on the cheap, though.

[Porterville]

Watch out for falling sky... I also hear that Americans are dumb in math and science, and that global dimming will bite you in the butt if the real estate market or gold market or oil market or google market or super market doesn't get you first.

[Cementjungle]

Self-fullfilling prophecy?

[martin_fierro]

That's why I live in a Big-Ass Gold House.

[Cindy]

MAY 1, 2006 IS CONSERVATIVE SHOPPING DAY.
Let's shop 'til we drop and then do it all over again!

http://www.humaneventsonline.com/article.php?print=yes&id=14045

[GSlob]

Define "housing prices will collapse". What magnitude and duration of housing prices drop would qualify as "collapse"? If the prices are frozen for, a few years - it is not a collapse. If the prices drop by 10%, but then recover within these same few years - it is not quite a collapse either.

[Proud_USA_Republican]

anyone remember about 14 rate hikes ago, when greenspan was saying ARM loans were a good way to go?

Ouch!

[montag813]

The economy is rockin', the stock market is about to undergo a 5-year boom, and the spineless GOP is about to make 36 million aliens into citizens and will likely follow that up with homeowner subsidies (sorry, no white guys). Housing prices may cool this year, but they wont fall for long. The fundamentals are super strong. This is not France.

[montag813]

Should say "7 in 10 Americans recall seeing obsessive media coverage about the supposed 'Housing Bubble', and became worried about it".

[Redcloak]

3 in 10 must live in L.A..

[toddlintown]

Nobody worries about housing until they go out and buy. 7 in 10, my ass.

[Joe Brower]

"Seven in 10 Consumers Expect Housing Bubble to Burst"

How about Seven in 10 Consumers Believe Anything They Read in the Newspaper!"

[M. Espinola]

The same people saying the housing boom will continue even if oil prices hit $100 ignore reports of the beginning of the slow down on a world-wide basis.

When oil was $30 the same types would state it will never hit $50. Where are they now? These people were also those which never traded a drop of oil in their life, yet they were experts on international energy trending & supply.

Danger signals still dog (UK) housing market.

Bubble Talk: Why Consumers Fear Collapse

Is the US housing bubble close to collapse?

[nmh]

It's true in New Jersey.

In your better communities and developments, prices are dropping. We held off doing an upgrade last year. This year, we've had a few Realtors practically beg us to take a second look at homes that dropped 20-30K since they were first listed 2 months ago. Yeah, the owners are feeling the squeeze. When you've got your house up for sale and it's not moving ... you've got to start thinking about dropping the price.

Any honest Realtor in New Jersey that deals with the desirable homes will tell you - things are SLOW offers are way below list price. Last year there was still a frenzy but it tappered off at the end of the season.

It's really a cylindrical thing. I've been told every five years or so things heat up. Now they're leveling off to more realistic market value.

[proudpapa]

The beauty with the bubble, is that people in Blue cities will most likely get hit the hardest.

Boston, Chicago, San Fran,Seattle and Portland. Oh well.

I suppose after losing 30% of their home value, they'll be tighter when it comes to funding liberal candidates.

[SuziQ]

Seventy-one percent of consumers believe it is very likely (24%) or somewhat likely (47%) that housing prices will collapse in housing markets across the nation as a whole within the next year, according to the April Experian/Gallup Personal Credit Index survey. * * *

Well of COURSE they do. That's all they've been hearing on the news for the last year or so, what else would they think?

[proudpapa]

Here is my supporting evidence, from the Seattle PI:

http://seattlepi.nwsource.com/national/1110AP_Fleeing_Big_Cities.html

Census: Americans are fleeing big cities

By STEPHEN OHLEMACHER
ASSOCIATED PRESS WRITER

WASHINGTON -- Americans are leaving the nation's big cities in search of cheaper homes and open spaces farther out.

Nearly every large metropolitan area had more people move out than move in from 2000 to 2004, with a few exceptions in the South and Southwest, according to a report being released Thursday by the Census Bureau.