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Subject Doom Over: Business Insider Housing Bottom Hath Been Reached!

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[quote:Anonymous Coward 13864401:MV8yMDYxNDU0XzM0Njc4NDMzX0QzNjIyM0M=]
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"The Titanic is unsinkable"

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Not sure about the housing recovery yet.  But I can tell you my rent has definetly recovered!  LOL They are raising my rent again!!!  From $1200 to $1350!!!  If rents keep going up like this, housing is going to have to come back
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No, that's a clear indicator of supply and demand.
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Yeah, because rental prices and real estate prices have no connection... LOL
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Yes, it's harder to get a fucking home loan hence fewer houses are actually selling and rents are going up! Jesus, read a fuckin' book that doesn't start with a "The cold nectar of his vampire's kiss..." blah blah blah...
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blah.. blah.. blah... And dont you think some of the Morans renting will realize their rent is only going to continue to go higher?
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Original Message [link to www.businessinsider.com]

For one thing, it's always been right. In its early days, when we all started reading it, it was way ahead of the curve in terms of warning about the housing bubble, horrible bank lending practices, and generally the economic collapse. From his perch in Newport Beach, CA he could see first hand the people taking out loans worth 10x their income, filling their Inland Empire garages with Harleys and Boats that they obviously couldn't afford.

"It's all good, no debt, no Eurozone, no unemployment I'm a half wit always bullish baby boomer who 'invented' economics blogging."

Wow! As tragic as this moron's optimism is, I can't stop laughing.

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