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There are some great housing blogs out there and a wealth of information...

There are some great housing blogs out there and a wealth of information for people like myself. I do not even have time to read them all but occasionally I come across something that is just to priceless not to post. The following rant on The Housing Bubble 2 says it all. It was a reply made by DCBroker, about half way down the page. BEA 4th Quarter GDP 1st Estimate 0.7% Q&A: Why Did GDPNow Rise After Durable Goods? When are Construction Revisions Coming? I do not even have time to read them all but occasionally I come across something that is just to priceless not to post. if i have to explain to someone that this contract really means that they have to buy this 500k condo even if they have no financing in place, i am going puke. if i have to endure another dinner party or family event or just walking down the street with people constantly talking about real estate this and real estate that, i just might puke. i have to talk another young couple out of refi'ing their existing condo with a pay-option arm cash out based on a supremly inflated appraisal so that they can rent it out at a loss PLUS THE NEG AM!!! just so they can buy another $650k house that they would need to rent each room out just to make ends meet, i am going to puke. ESPECIALLY when its their own FAMILY FRIEND doing the loan. if i have to have another green ass newbie tell me how to make money by borrowing vast sums of money by lying to the bank, i am going to puke. i have to hear aging boomers tell me about how their home is their nest egg and they will just cash out in a few years and retire rich, i am going to puke. and yes, sales are down, inventory up and prices stagnant to declining in my market even with great jobs and no more land baby. A tip of the hat from Mish to all of the above and also to many other sites that I did not mention for attempting to keep us up to date on the current state of affairs in housing. The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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