tag:blogger.com,1999:blog-9026484337051027793.post7646821511672635096..comments2008-08-13T09:37:28.582-04:00Andyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger4125tag:blogger.com,1999:blog-9026484337051027793.post-18728441235582062552008-08-13T09:37:00.000-04:002008-08-13T09:37:00.000-04:00ME - Agree with your sentiments. Housing is a big issue because directly or indirectly if affects all our finances.<BR/><BR/>Curt - Agreed, a paper loss is not the same as a real loss. However perception of wealth also drives consumers to spend more, and current conditions make people feel poorer and hence less consumption takes place. This is bad for the overall economy.<BR/><BR/>SB - Great video. American finance has been characterized by bubbles. This is just another one. The higher we go, the further we have to drop.Andyhttp://www.blogger.com/profile/14309605333128481208noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-35173563670900802202008-08-09T23:44:00.000-04:002008-08-09T23:44:00.000-04:00Housing was way over priced in this country, in certain areas to the extent that what you're seeing now is an inevitable result.<BR/>Too much cheap money sloshing around the past eight years has led to this bubble, and like all bubbles it bursts. We have Alan Greenspan mostly to blame for keeping interest rates cheap; after the tech bubble burst, he immediately saw to it that we entered a housing bubble.<BR/>What we are seeing is a much needed correction in the valuation of homes.<BR/>Look, go to Youtube and check out what Peter Schiff has predicted for a while now. Get educated, and then plan your investing accordingly.<BR/>http://www.youtube.com/watch?v=yoZV5jt9pucsirbeefhttp://sirbeef.livejournal.com/noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-784915890409809182008-08-07T17:36:00.000-04:002008-08-07T17:36:00.000-04:00Yes, the full effect of the housing market collapse is going to devastate the country. There are very few who have accepted the housing market decline. Many are trapped in their homes and can only hope for a quick correction before they are forces to sell for one reason or another. They will lose the most.<BR/><BR/>I bought my house in 2001 at the beginning of the housing bubble and its value when up and is now it’s coming down - but it doesn't matter because I'm not selling. It's the same with a stock that goes down. It doesn't matter unless you have to sell.Curthttp://www.pennyjobs.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-70266881287356740862008-08-07T14:16:00.000-04:002008-08-07T14:16:00.000-04:00Wow, us bloggers are really starting to focus more and more on this issue, which I think is a good thing. We each have access to different sources of information and it can be a real help to share it with others, as your quotes from friends reveal. We are each like canaries in our respective coal mines across the continent. We should continue to help keep each other informed.MoneyEnergyhttp://www.getmoneyenergy.comnoreply@blogger.com