blangererer

1 Comment

    • ON: Wed Apr 9th 10:16 AM
      Commented on:
      Roubini Now Says House Prices to Fall 30%
      I don't understand what the big deal is. Assets got massively overinflated, now they seem to be back on their way to normal. A bunch of paper wealth gets wiped out. Big deal. It mostly hurts the suckers that bought into "real estate only goes up." Anyway, if banks need to fail and people need to lose everything they own to teach people how this whole housing boom was a load of crap, that's fine with me. I wasn't part of the problem. I did my part telling everyone only an idiot would take out a loan on a house that had increased 60%+ in 5 years and expect values not to fall. Idiots.
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