So here's how HousingPANIC (I assume it's us) is positioned by the mainstream media in a recent interview with a couple of investors:
Reporter: What do you think of bloggers who seem to root for an even bigger bust?
McEnearney: I'm not seeing that.
Foster: Good Lord. I'm not either. I'm hoping it's just a fringe bunch of nuts. Because, you know, I think that would be awful for the whole economy.
So I guess a few questions and statements come to mind:
1) We're indeed rooting for home prices to come down. Do you want to know why? BECAUSE THEY'RE TOO DAMN HIGH, NOT BASED ON THE FUNDAMENTALS, AND NOT GOOD FOR SOCIETY OR FUTURE GENERATIONS. GOT IT?
2) We're not a "fringe bunch of nuts". WE'RE SANE, RATIONAL PEOPLE WHO UNDERSTAND BUBBLES AND FINANCIAL MANIAS, AND ECON 101, AND MADE WISE FINANCIAL CHOICES, UNLIKE THE MILLIONS WHO DID NOT AND ARE NOW SCREAMING FOR US TO BAIL THEM OUT.
3) These investors apparently have never googled "housing bubble". Too bad. Lots of good stuff on that crazy google thing nowadays.