Sunday, Sep 17, 2006

Not news - but a sister site in the US. Worth a look ... if you are bored

patrick.net: US Housing Crash Continues

Nice pithy answers to the drivel of the chattering (VI) classes, such as the following:

"Maybe we should just accept that we missed out on a great opportunity to get into the real estate in the past N years."
FALSE. Did we all miss out on a great opportunity to get into the stock of pets.com or other Internet companies with no business model? The real question is what is likely to happen in the next few years according to fundamental economics. The answer is a huge crash. The last guy to buy into the bubble will get hurt the most

Posted by sirgoogle @ 08:01 PM (544 views)
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