.....LMAO. We knew these ass clown shills WERE full of crap back then....
Your Obamalike twisting of my post is out of context.
My post was correct. The housing market had some softness but has returned. To be sure there are some soft spots still but a large portion of the country has moved on.
The problem now is not the housing market, it is the financial market. Your desire for prescience is misdirected at the housing market.
My original points on the solution are now being borne out. I thought bankers at banks would take control and the work out specialists would take control. That was not done by the bankers because it became a legal rather than a banking problem. The RTC will perform the workouts. Some will be able to work out, others will not.
Bankers will solve the problem, then turn the residual foreclosures over to the lawyers.
LMAO
Your Obamalike twisting of my post is out of context.
My post was correct. The housing market had some softness but has returned. To be sure there are some soft spots still but a large portion of the country has moved on.
You spinning again. Your original comment was that the housing hoopla was overstated and would lead to no real problems. Some softness in the housing market the last 2 years?? LMAO again. Worst record on prices, number of homes for sale etcfor many areas of housing since the depression.
No real problems huh? You mean like 3 out of 5 investment banks are now gone, stock market near collapse, record forclosures, record number of unsold homes for sale, lowest number of new building starts since 1979, many homebulders who have gone bankrupt, home prices that have dropped percentage wise to levels not seen since the depresssion, reorc number of people upside down in their mortgage.
No you are the one that was WRONG WRONG WRONG and now you don't have the backbone or character to admit you understated the problem.
You say the housing market has returned? You must be a realtor. BTW: Show me a link that home prices are again increasing throughout the country, home starts are increasing etc
You forgot your sarcasm tag.