tag:blogger.com,1999:blog-22535876.post116277076782634200..comments2023-10-20T07:59:45.124-07:00Comments on Sonoma Housing Bubble : Sonoma Housing HairballAthenahttp://www.blogger.com/profile/15944962059749126687noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-22535876.post-1162926460976622592006-11-07T11:07:00.000-08:002006-11-07T11:07:00.000-08:00Not to mention the seismic shift in psychology: ho...Not to mention the seismic shift in psychology: how many people will be willing to take on gigantic mortgages for no appreciation or for a potential loss? MSM has been very negative on exotic financing, as well, and how many people can buy with 10% or 20% downpayments and P&I every month?<BR/><BR/>I don't think there's any way this landing is soft. Prices are completely disconnected from income & rents.Lisahttps://www.blogger.com/profile/00536167771093109826noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1162879197768157982006-11-06T21:59:00.000-08:002006-11-06T21:59:00.000-08:00"It was a bubble. And the bubble is popping. The r...<I>"It was a bubble. And the bubble is popping. The real </I><B>debate</B><I> is whether this is going to be a soft or hard landing," Thornberg said.</I><BR/><BR/>Debate? Debate!?!<BR/><BR/>The real estate circus has folded its tent. Once the equity goes flat, or into negative territory, all of the bills will come due. There will be no more "funny money" to bail out distressed home debtors.<BR/><BR/>Then, the spiral of death begins: The economy shrinks, foreclosures increase, the economy shrinks more, foreclosures increase more, the economy shrinks even more...and then, CRASH!<BR/><BR/>It's all over but the shouting. This will be a hard landing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1162817088239152712006-11-06T04:44:00.000-08:002006-11-06T04:44:00.000-08:00US HOUSING..Let IT "ROT on the Lot" AT LEAST until...US HOUSING..Let IT "ROT on the Lot" AT LEAST until the END of 2nd Quarter 2007 !<BR/><BR/>We AREN'T living UNDER Bridges and DON'T have to buy this OVER-PRICED CRAP !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-1162776825036334762006-11-05T17:33:00.000-08:002006-11-05T17:33:00.000-08:00thornberg is an optimist,i see nothing to indicate...thornberg is an optimist,i see nothing to indicate anything but a crash,and at least five years of declining prices.all of the "soft landing" scenarios i have seen assume no major job losses.we will be fortunate if the governments response to this is as competent as the response to katrina was.nice to see you posting again,Athena,i hope you will keep it up over the next year.Anonymousnoreply@blogger.com