Quote:
Originally Posted by Slava
Seems to me that there is a lot more cheering and hoping for a crash here in this thread(which is sad considering the number of people that will be hurt by this) as opposed to actual evidence?
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1. There is tons of evidence for a correction from posters linking website along with their own analysis. Read the thread.
2. It's funny how posters that work in the industry and paid commision appear to make up a good chunk of the minority (not picking on you specifically). Just saying.
3. The unfortunate part of unsustainable growth is that the correction can be just as sharp. Yes, a lot of folks will be hurt by a correction but at the same time a lot of people were hurt by the boom. Not everyone works in cushy jobs that benefited from the boom and a lot are in worse shape today. Housing costs are most peoples biggest expense.