December 19, 2005

Merry Christmas Housing Panic readers - enjoy this one final US-consumer-run-amok blowout holiday season


I've got a feeling next year at this time won't be quite so cherry for the American consumer as the housing ATM closes, interest rates move up and the wealth effect of housing ends.

So get out there and enjoy the shopping with your fellow citizens this week!

On Best Buy on Wal-mart on Tiffany on Dixon's...


'Twas the week before Christmas, when all through the still
overpriced, on-the-market-for-six-months-now cookier cutter house

Not a creature was stirring, not even a realtor, mortgage lender, appraiser
or mouse;

The slick brochures and realtor cards were hung by the chimney
with care,

In hopes that a still-clueless prospective buyer soon would be there

7 comments:

000000000000000000000000000000000000 said...

Many radio advertisements in Los Angeles this Christmas season for no money down and no payments no interest for 6mos to years.
I feel it first hand this year in my retail shop. Sales way down.

Dogcrap Green said...
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keith said...
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Dogcrap Green said...
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Wes D said...

Turn on anonymous posts again Keith.

It's plausible that next Christmas won't be as merry as this one. Now that Santa is not bringing any more home-equity checks spending will tank. good thing everyone is driving a SUV, there is enough room in the back for a sleeping bag and probably a flat screen TV. Should make for some 'lean' (read: cheap) nights after the house is forclosed.

keith said...

Moman - I turned 'em off because of trolls - wanted to be able to identify who was who

why do you think I should allow anon's? Give me a good reason and I'll do it

Keith

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