In a previous thread, our friend FRIFY raised an excellent point:
There is a danger of group think on this blog. There are plenty of economic variables which could change and make buying a house a smart move even at inflated prices. The ongoing trashing of the dollar with the resultant inflation could be one such sea change. Don't become as blinded as the FBs to economic reality.
While I don't fully agree that this blog is that boneheaded :-) I think it would be very interesting to discuss the impact that these economic variables will have on the housing crash.
Despite the title, this is NOT a discussion about whether we have group-think. And it is decidedly not a question of whether there was a bubble - that is patently obvious even to the trolls.
Instead, I would like us to take stock of the current economic and political situation and pick out key indicators ("sea changes", as Frify put it) that are game-changing and should necessitate a change in our bearish sentiment.
In a previous thread, our friend FRIFY raised an excellent point:
While I don't fully agree that this blog is that boneheaded :-) I think it would be very interesting to discuss the impact that these economic variables will have on the housing crash.
Despite the title, this is NOT a discussion about whether we have group-think. And it is decidedly not a question of whether there was a bubble - that is patently obvious even to the trolls.
Instead, I would like us to take stock of the current economic and political situation and pick out key indicators ("sea changes", as Frify put it) that are game-changing and should necessitate a change in our bearish sentiment.
Have at it,
SP
#housing