Boy, wait 'til they see 2007 - 2008.
The first stage of the crash is big news, but oh my god the full crash and the mess to come, that may be the business story of the century my friends...
With headlines like these, how can Todd Tarson, Athol Kay, Greg Swann, Russ Shaw, Tom Stevens, Donald Trump, David Lereah, Bob Toll, Jim Jubak, Chris Mayer, the Harvard JCHS, Nicholas Retsinas, Alan Greenspan and other laughable and discredited housing bubble deniers continue to spin their lies and deceit?
The gig is up. The rabbit is out of the hat. The liars and deceivers have been exposed. And the housing crash underway will be brutal.
Housing Decline Is Business Story of 2006
Sudden Stall in Home Sales, Construction, Prices Is Voted AP's Top Business Story of 2006
The nation's house party ended with a thud in 2006, leaving everyone from condo flippers to Federal Reserve chairman Ben Bernanke waiting to see what would happen next.
The sudden stall in home sales, home construction and home prices -- and what that will mean for the economy -- was voted the top business story of the year by U.S. newspaper and broadcast editors surveyed by The Associated Press.
At the housing market's peak, buyers rushed to open houses, blank checks in hand. Lenders gave big-money mortgages to people who could barely afford their monthly payments. That ended in 2006, when home builders scuttled projects, walked away from land they'd hoped to develop and would-be buyers canceled orders.
December 22, 2006
Posted by blogger at 12/22/2006