Yes, some days the housing crash feels like it's happening in slow motion, even though some weeks (Exhibit A: This Week) feel faster than others.
Good god, you ask, why haven't prices (if we knew the truth, not the NAR and Commerce Department BS) crashed 50% already?
Why aren't we in Desperation stage by now - can people still seriously be in Denial?
Why isn't the Great Housing Crash the cover of Time magazine already?
Why aren't Desperate Homedebtors up in arms, protesting in front of the NAR head office in Chicago?
For those of you who complain that this is taking forever, I've got some bad news for you. This is gonna take some time. Maybe (brace yourselves) ten years. Look to Japan.
But just look how far we've come in a year and a half - from lines of sheeple camping out in front of new condo developments, to lines of people camping out at foreclosure auctions.
From The Corrupt David Lereah writing a book on how home prices will never go down, to The Corrupt David Lereah unsuccessfully and unconvincingly calling bottom every month.
Be patient, the crash is FIRMLY underway. But this is gonna take years, not days, not weeks, not months.
Years.
