Let the housing crash really start..

You may know me as forsakencraft.com. I used the host for a business
since it will make money instead of not doing very much before. I have
been around watching this market crash since 2005 and sold all my properties in
late 05-early 06. If anyone is shocked by the bad news then you need to
get a gun and shoot yourself. The big part of the crash is now under way.
I read on broker's outpost a mortgage broker say, "how the hell am I going to get my
customers to put down 10% now?". Wait till they have to put down 20%....

If you can't borrow very much, if you can't put down very much, then you
CAN'T BID VERY MUCH, and people CAN'T sell for very much! How long does it
take idiot retard sheeple to understand that?

All you have to do is listen to MSM stupid asses on the housing crash
speak about a "bottom" and apply the opposite. These guys have been dead
ass wrong for years. We have been right.

I have seen posters on blogs talk about home debtors getting bailed out with
our tax dollars and now that's in Congress. Everyone I have seen in the
"bubble blog" community has the insight of 6 months on this crash.

I will post what I wrote about the stock market on
10-05-06:

The stock market right now is for day
traders. Anyone going long on stocks might as well go to Vegas and bet it all
on black (or green). So we had housing which has fueled our economy since the
dot com bust. If a bull says housing hasn’t done that much for our economy
then they are crazy, ignorant, or in denial. So for the long term we lost a
large part of our housing sector but they are still building at 2003 levels
which is helping to maintain some jobs but they are building homes they cannot
sell. If you think otherwise then you need to check the new home builder’s
inventories along with the Wells Fargo Index.

• You have seen housing take a steep dive so more jobs
  are going to be added from here?


• You see HELOC’s and 2nds down, so we are going to
  consume more to feed the economy?


• For the long term how is this the BEST economy EVER to
  hold any record highs?


• If you say job growth, are you thinking about the
  wages these jobs carry?

In the end the bulls come without any statistical data
nor do they carry any view for a better economy for the long run. Now even
helicopter Ben has said that the housing will knock 1% off GDP putting us
were? 4% GDP? hahahahahah

And good old helicopter Ben hasn’t taken into account on
the consumption side of housing.

So if you want to bash bears, come with more than lower
gas prices because adjustable rate mortgages will bash that amount 100 times
fold when we see the 1.5 trillion in resets coming in 07.

All I see from bulls are postings like:

1. Gas is coming down we are SAVED!

2. Somewhere will pick up job losses from the housing
market or better yet, what job loss? (day trader thinking)

3. We will keep building homes and consume off them till
the end of the decade because David Lereah said so last year.

The last paragraph shows how silly anyone is if they are
going long on stocks.

John xxxx

10-5-06

February 27th 07 DJIA dove 431 points (~$630 billion off
our market in 1 day)

Today March 13th 2007 DJIA dove 242.66 (we are down to the
low of Feb 27th now)

Yes sir, it is time for all the loose bubble money to get
eaten up.

So now you will see swing but you would be dead ass right
to see if trend lower and lower and lower.

Housing market=lower and lower and lower. How far?
YOU WILL SEE 01-02 prices for sure.

Look for in the next 6 months:

• More lenders going out of business
• News of construction and real estate jobs going out along
  with companies going out of buisness such as furniture makers, cabinet makers,
  real estate offices, and just about any business that is tied soly to
  residential real estate
• Recession.... Negative GDP is a comin people.
• Real Estate fraud worse seen in history

• Record foreclosures that USA has ever seen (2008)