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APOCALYPSEFUCKisShostikovitch says
A complete meltdown would be a welcome alternative to what must come:
CANNIBAL ANARCHY.
Rates & Shocks
We are 16 months into Stage I. A sooner-than-expected rise in mortgage rates - or other adverse shocks - will domino the decline into Stage 2
So, judging by Goldman's past--that means he is probably extremely bullish on real estate and just wants suckers to take the other side of his trades...
...I am lamentably confident that home prices will fall by 15% within three years...
Nothing to be afraid of. In SFBA, prices went up >50% over three years, so giving back some is ok, technicians call it correction, no big deal.
...I am lamentably confident that home prices will fall by 15% within three years...
Nothing to be afraid of. In SFBA, prices went up >50% over three years, so giving back some is ok, technicians call it correction, no big deal.
A few months ago, I wrote this in jest, yet it may turn out true:
EVENT & PATNET COMMENT
2009 Prices 500K Don't buy now, prices are gonna CRASH!
2010 Prices 515K Don't buy now, prices are gonna CRASH!
2011 Prices 530K Don't buy now, prices are gonna CRASH!
2012 Prices 570K Don't buy now, prices are gonna CRASH!
2013 Prices 650K Don't buy now, prices are gonna CRASH!
2014 Prices 680K Don't buy now, prices are gonna CRASH!
2015 Prices 710K Don't buy now, prices are gonna CRASH!
2016 Prices 740K Don't buy now, prices are gonna CRASH!
2017 Prices 540K SEE I TOLD YOU SO!!!!!!!!!
What's with all the damage control ???
Dunno, I am still waiting for your explanation of this gem 18 months ago:
California Housing Prices Falling MoM and QoQ
If you buy a house now in California, you’ll will sustain irrecoverable losses.
What's with all the damage control ???
What's with all the damage control ???
Whoops! Did I hit a nerve? Still too soon to discuss?
OK, I know you desperately need to have the last word so I will check back in in a few months.
Have a nice day!
What's with all the damage control ???
What's with all the damage control ???
What's with all the damage control ???
http://www.zerohedge.com/news/2014-09-17/goldmans-former-head-housing-research-predicts-housing-crash-within-three-years
#housing