[xcamel]

Oh yeah.. big crash...

[Always Right]

After a huge run up in the hottest housing market ever, it is not exactly shocking that things are coming down closer to levels more in line with the historical trend. Of course by cherry-picking data it is quite easy for the bubble heads to try to convince everyone the sky is falling. Of course looking at the regional data, the west did get hit pretty good. Home sales in the midwest though were actually up slightly.

[SF Republican]

Exactly; we had a report here in San Francisco a few months ago about this poor little lady that had tired to sell her house for two months and finally accepted a lower offer. From $900,000 to $850,000. In another report on the same story it was indicated she had paid $650,000 only two years earlier. Poor thing only made $200,000 in two years of equity.

[dangus]

Oh, no! The home Janet Yuppee bought for $230,000 six years ago is worth only $930,000, not $928,000!

[dangus]

I mean:

Oh, no! The home Janet Yuppee bought for $230,000 six years ago is worth only $928,000, not $930,000!

She was a fool to buy!