patrick.net
An Antidote to Corporate Media
1,365,122 comments by 15,736 users - Al_Sharpton_for_President, desertguy, floki, HeadSet online now
Comments 1 - 2 of 13 Next » Last » Search these comments
TechGromit
@
2010 Oct 19, 1:05am
Trust me, were still crackpots. We were crackpots when we were telling them that the bubble couldn't last. We were crackpots when we told them that the crash will affect there "special" town / neighborhood. We were crackpots when we said it wasn't just a sub-prime problem it would affect the higher priced neighborhoods and homes. And were still crackpots because we say things are not going to get any better any time soon. From what I read from one economic Crackpot, that for every year of prosperity there are two years of depression. So if housing began to expand in 2000 and peaked in 2005, it should take until 2015 until things bottom out and the next expansion begins.
- TechGromit, A crackpot and Proud of it.
Comments 1 - 2 of 13 Next » Last » Search these comments
I haven't seen the other news channels lately, but since Thursday of last week, every hour, on the hour Fox Business News is talking about the Foreclosure crisis.
It's really good, and surprising that the main stream media, and the public in general is waking up to what we have all been talking about for years.
Patrick has in a large part, been spearheading our outcry on the RE market. Thanks to Patrick our percieved "crazy" rantings about the real estate market has given us some vague form of validity. I can't count the numerous conversations I've had over the years with wide eyed bay area locals who argued with me, and wanted to counter my points about the future (and now present) RE collapse.
Thanks Patrick. You've been a great champion.
So, join me in three cheers for our favorite RE blogger Patrick! :)
Yip Yip Hurray!
#housing