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Housing Bubble and Real Estate Market Tracker

Regarding Caterinicchia's article: Deja vu all over again. Just predate to May and substitute residential for commercial and you have the same Peter Pan reality. If only it were so. People lose their houses and therefore their personal bank in the bricks; all real estate industry components, and now financial houses, lay off, cut bonuses and salaries... Who's going to occupy the office space? Who's going out shopping? Doesn't anybody out there remember the "see-through" unfinished malls and strips and office buildings last time around in 1989-1992? Dan. Repeat after me. "If I only had a brain."

Housing Bubble and Real Estate Market Tracker

RE: Quote of the day; I find this: "Bill Gross, the chief investment officer of Pacific Investment Management Co., or PIMCO, on Tuesday lambasted rating agencies for failing to warn investors about the riskiest segments of the U.S. credit markets..." stunningly disingenuous. Does a chief investment officer rely on rating agencies? Anybody following the trend in flighty mortgage programs will have seen the writing on the wall. I'll assume he has kept himself informed. So, then, he's a greedy pig and a sheep following the flock off the cliff. Blame him and others like him managing funds with the attitude, "I don't care, the sky is blue today and anyway it's other peoples money." Who set up this mess. Not the rating agencies. Mr. Gross is the one on six-inch heels. And now he's stumbled and is saying the agencies bumped into him? Give me a break.