Sunday, June 26, 2005

Keep Talking About the Bubble

The housing bubble is undeniable to me, but I concede that prices might not face a sudden and recognizable drop, or like the paragraph says below "a flash from Zeus' bolt." However, I don't doubt that the price correction in house prices we are all looking for can be accelerated by all of the recent media and blogger attention.


Snip...

"It may not happen next week or even next year, and it may not happen in a flash from Zeus' bolt in a 20 percent tumble, but the evidence is undeniable: Many real estate markets around the globe are being driven to the precipice the way a drunken 14-year-old video game addict might drive a Humvee on Devil's Slide. It's an accident waiting to happen."

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