Monday, July 30, 2007

The housing bubble

An interesting website on The US Housing Bubble.

What really burns my ass is that if the Republicans win, they'll use my tax dollars to bail out predatory lenders. If the Democrats win, they'll use my tax dollars to bail out irrational homeowners. Sound a bit like the S&L bailout?


  1. I for one hope that no one bails out the homeowners. A massive housing crash with hundreds of homes going on the auction block is really the only way I'll ever be able to afford to live in this goddamned expensive place. I am not sacrificing the best damned selection of ethnic cuisines in the world just so I can afford a fricking two-bedroom one-bath peesashit house.

  2. I'm with James on this.
    Unfortunately, the business I'm in is partially tied to housing starts. So, I could very well be prepared to sign a mortgage about the same time I'm ready to sign an unemployment claim.

    Room for squatters, Bum? 8^)


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