The housing crash is here. The final act is now upon us. So where does HousingPANIC go from here?

HP went through a similar transition a year or so ago, when we moved from "Act I: Is there a housing bubble?" to "Act II: The housing bubble ends".

Well, now it feels like Act II firmly and unequivocally ended last week, and we've now entered Act III - The Great Downfall (and eventual recovery).

During Act II, the REIC liars, conmen and manipulators were harshly and solidly exposed. HP and the bubble bloggers were validated. The HP community did a good job pulling the various pieces together, getting a robust feel of how the bubble happened, who and what was involved, and what the crash will look like. And the MSM finally got off their ass (except for Time magazine), taking some of the burden off of HP, and started reporting the truth, vs. REIC and NAR spin and lies.

So now we enter the final act.

How long will Act III last? What should HP's role and focus be? What is our raison d'être?

HP has been accused by corrupt REIC blowhards of being evil, and in our role as messengers we will continue to be personally attacked and blamed. I think that's a certainty, especially with millions of REIC about go unemployed, trillions of dollars of paper wealth disappearing, and millions of homedebtors and speculators facing certain financial ruin.

However, HP'ers know that what we do here is good. While the REIC is trying to protect their fat commissions, the HP community fights on as a rag-tag volunteer army. We didn't want this fight - all we wanted was for the damn bubble to end.

All we want now is simply for houses to be homes again - not get rich quick lottery tickets. We want the REIC and NAR lying and deception to stop. We want young couples out of school to be able to buy a nice home, with a reasonable payment, and the security that the asset value will keep up with inflation.

We want the commission-hungry realtors and mortgage brokers gone. Now. All of them. We want the NAR and realtor profession to be discredited and disbanded. We want the REIC to be regulated. We want the MSM to do their jobs and report, versus copy and paste. And we want people to wake the f*ck up and live within their means once again.

So have at it. What do you want from HP? Where do we go from here? How can we continue to best serve our fellow man? And how can we help each other weather this unavoidable storm?

Weeeeeeeee!!! Enjoy the ride HP'ers, Desperate Homedebtors, Daytraders, Sheeple and Hamsters

Today should be another wild one. And what does Monday have in store? I got some '87 deja vu.

Another rocky start's on tap - Gloom deepens, as futures spell out bearish open.

LONDON (MarketWatch) -- U.S. stock futures turned sharply lower on Friday as investors expressed concern over the dollar's continued slide against the Japanese yen, and about computer maker Dell's downbeat outlook.

S&P 500 futures dropped 9.50 points to 1,395.40 and Nasdaq 100 futures slumped 22.75 points to 1,735.00. Dow industrials futures slid 77 points to 12,175.

The move, like others this week, came quick -- Dow futures were only down about 20 points at around 6:45 Eastern.