April 19, 2007
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
4 comments:
Truth in lending, HA, how 'bout stupidity in lending.
it's amazing that the piece blames subprime mortgages and not wages and affordability.
I was in S.F. last year. housing stock is old. More furgel buyers will demand more for their money. No 2% up swing.
Central cities will see housing prices fall slower than suburbs and exurbs. That's only common sense.
Unless, of course, said central city has an economy based on nothing. Phoenix, anyone?
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