Comments on: Bubble talk

By: TJ

TJ — Fri, 27 Nov 2009 06:38:48 +0000

This ‘Turkey’ from America and an astute analyst;

Today I wonder if a half trillion dollars will be enough to get the country through the waves of bank failures coming from the residential and commercial real estate meltdown. Make no mistake, we are nowhere near a bottom. In my August post called â€œReal Estate at A Bottomâ€¦NOT!â€ I said this,â€œA Deutsche Bank report claims that 25 million homeowners will probably owe more than their mortgage is worth by 2011. That will be nearly half of all homeowners in the U.S. The bank estimates 26 percent of homes are currently underwater.â€

http://usawatchdog.com/the-fdic-is-way-beyond-broke/

By: Tony

Tony — Fri, 27 Nov 2009 00:00:08 +0000

Re: I have modified it to include the bubble real estate market of 1989 Duh!!?? I’ve been hearing and reading the same thing for a decade why?? The last crash in real estate in southern Ontario was in the 3rd week of September of the year 1987. I’ll say or state this again for Garth and all the other people who have had everything wrong for over a decade. The last crash in Ontario real estate was the third week of September of the year nineteen eighty-seven.

Actually it was 1989. — Garth

By: TheComingDepression

TheComingDepression — Thu, 26 Nov 2009 21:04:26 +0000

Case Schiller report states REAL ESTATE will go down another 45%!!!!!!!!!!!! You will buy 5 houses in the US to CANADA’s 1 soon! LOL
http://thecomingdepression.blogspot.com/2009/11/case-shiller-still-predicts-massive-45.html

By: Q

Thu, 26 Nov 2009 14:50:49 +0000

‘Great fool’ is becoming an understatement to what’s been going on. Mass stupidity is a better description.