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repo_man,
Even my mom's Chinese language papers are telling her that RE is no longer a sure bet and that the job market is not so hot. I think the only ones saying "it can't happen here" are willfully ignorant of the fact.
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My fellow Patrick.netters, we have been gathering here as a community and faithful standard bearers of the Housing Bubble Gospel for well over a year now. We have already shared our personal tales of redemption and rescue from the jaws of F@cked Borrower Purgatory, and saw that it was good indeed.
In recent months, we have rejoiced in seeing the Bubble Prophecies finally come to pass. We have praised the Bubble Apostles for having originally opened our eyes and brought us the good word: Patrick Killelea, Ben Jones, Robert Shiller, Bill Fleckenstein, Dean Baker, Rick Toscano, Barry Ritholtz, Mike Shedlock, Jim Puplava and Paul Krugman. We have even congratulated ourselves on our prescience, and rejoiced that our long night of persecution by the MSM and industry perma-bulls has finally ended.
Some praise is righteously deserved, this is true. But what of the multitudes of our f@cked brethren, who to this day wander the earth devoid of reason, basic math skills or the ability to distinguish truth from obvious falsehood? We have ministered to our own needs and have successfully spread the good news amongst our own flock, but what of the wayward sheeple who are still stumbling about in darkness? What have we done to illuminate their world and spread the HB Gospel to those who have not yet accepted it?
Please open your hearts, bear witness and share your stories of sheeple/FB/specuvestor conversion with us now. Have you ever tried to school the ignorant, humble the proud, or bring sight to the blind? What was the result? Are there any inspirational stories of success you would like to share with your fellow Bubble-onians? Are there any noteworthy failures? Are there any important lessons to be learned from either?
Discuss, enjoy...
Your humble servant,
Brother HARM
(with apologies to the genuinely faithful)
#housing