patrick.net

I hate roller coasters. The one in Disneyland is too much for me already.

Well I for one have HAD IT with all the whiners here complaining about whether RE is a good investment right now or not! You just have to "sack up" and get whatever loan they hand you and stop worrying about your entry point and property taxes built on fluff and hot air! In the long term that doesn't matter anyway.

Sure prices will probably be flat/free falling for the next 10 years or so while the well contained subprime meltdown and resultant foreclosure cycle runs it's course but you people want everything handed to you on a silver platter for crissakes! In the long run, they aren't making any more land so you have to decide. Are you a MAN or AREN'T you! WELL....?

No, I didn't make the video. I don't have time to play games anymore these days. But I think it's a great idea. Someone could use one of the other roller coaster sims to really do this right, including flaming crashes to the ground, panicking people and all.

Given the slo-mo train wreck we're witnessing (see PAR's post in astrid's thread), an interesting question is, what will be the next "major" or "significant" development in this tedious process? A dead cat bounce? Alt-A resets? Prices back to their relentless climb upwards (Bay Area only goes up!)? More boring stagnation and or gentle price declines? A "black swan" event?

skibum,

Welcome to the doldrums. It is hard to say, we can be fairly well assured foreclosures will continue to ramp up during the summer months. I don't see any stopping that.