This lady in Dublin believed the realtors, believed the media, and believed in the "housing ladder". And she's lost $100,000 already, and counting

So many lied in order to earn a commission.

So many believed, for so many reasons.

The commissions - they got pocketed, with the realtors and mortgage brokers making out like bandits.

The buyers? Well, quite frankly, they got f*cked.

Should have listened to HP.

Housing Woes in U.S. Spread Around Globe

DUBLIN — The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India.

In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one, will face an even more wrenching adjustment than that of the United States, including the possibility that the downturn could become a wholesale collapse.

HousingPANIC Stupid Question of the Day

One day on this blog, I'll say "OK folks, that's it. The fundamentals are back in line, you can buy a house now and rent it out for positive cash flow, and the Late Great Housing Bubble has been deflated. Go out and buy homes again (but don't use a realtor!)"

So what calendar date do you think that will that be (be specific)?

NEW YORK (Reuters) - U.S. housing prices may not start recovering until 2010 or 2011, according to a Barron's report that quotes bond fund manager Jeffrey Gundlach.

The report in the October 1 edition cites a Gundlach forecast that U.S. home prices may drop an average of 12 percent to 15 percent annually and not reach a trough until late 2008.

According to the report, Gundlach sees particularly sharp declines in bubble markets of California, Florida, Nevada and Arizona and areas in Michigan, Ohio and Indiana, with price drops of 30 percent to 40 percent in those areas.