John Wang_

Housing Weakness Poses a Significant Threat to GDP and Stocks

Daniel, while my analysis may be hollowed, but it's based on substance. I do agree that a lot of people are riding on debts, and that's their own fault for not intelligently invested in the housing market at the right time. But, unlike the stock market where shares were giving away for free and nobody would want, houses on the other hand already have buyers waiting for the opportune timing.

I am one of those buyer that's sitting on the sideline waiting, and I'm sure there are more like me. My thinking is more along the line of Mr. DeLay, just not as eloquently presented. I thought I could just point out the obvious and most people should be able to correlate.

Housing Weakness Poses a Significant Threat to GDP and Stocks

While I agree that the housing bubble is on the verge of collapsing, I will disagree with the hard landing aspects or the comparison between the dot com bubble and the real estate bubble.

The dot com bubble was built on virtual estates, while the housing bubble is built on real-estates which have values. The values of these estates will not be reduced to nothing as in the case of the dot com estates. While the dot com bubble did crash, and there were no buying market to create that soft landing, the real-estate market is totally different. As prices drop, there will be buyers.

Just my $.02.