Comments on: Housing Market Crash Predicted in 2003 http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Tim http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188284 Tim Fri, 13 Feb 2009 09:40:15 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188284 I predicted the housing crash and mortgage crisis in 2001, ask any of my friends. Do I get a cookie? I predicted the housing crash and mortgage crisis in 2001, ask any of my friends. Do I get a cookie?

]]> By: thomas http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188282 thomas Fri, 13 Feb 2009 04:13:31 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188282 Really, this stuff shouldn't come as a shock to smart people. The real problem is that the signs were ignored or nobody wanted to look into it. I just hope I have the ability to ride it out and not lose everything in the process. Really, this stuff shouldn’t come as a shock to smart people. The real problem is that the signs were ignored or nobody wanted to look into it. I just hope I have the ability to ride it out and not lose everything in the process.

]]> By: The Weakonomist http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188276 The Weakonomist Thu, 12 Feb 2009 23:58:21 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188276 I can't remember his name, but Meredith whitney's mentor predicted the current recession back in 2000. People called him a fear monger and a pessamist. People didn't listen to him and ignited whitney for years. Finall in fall of 2007 we started listening. I can’t remember his name, but Meredith whitney’s mentor predicted the current recession back in 2000. People called him a fear monger and a pessamist. People didn’t listen to him and ignited whitney for years. Finall in fall of 2007 we started listening.

]]> By: Flexo http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188273 Flexo Thu, 12 Feb 2009 22:03:42 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188273 Thanks sf. You're right, it's John, and I fixed the post above. Thanks sf. You’re right, it’s John, and I fixed the post above.

]]> By: sf http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188272 sf Thu, 12 Feb 2009 21:56:28 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188272 I though his name was "John Talbott". By the way - brilliant book. I though his name was “John Talbott”.

By the way – brilliant book.

]]> By: Pev http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188266 Pev Thu, 12 Feb 2009 20:29:59 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188266 I remember this as well and did believe it; wasn't so sure how it would go down - But what I knew at the time was that what comes up will have to eventually go down. I remember this as well and did believe it; wasn’t so sure how it would go down – But what I knew at the time was that what comes up will have to eventually go down.

]]> By: frugalCPA http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188253 frugalCPA Thu, 12 Feb 2009 16:20:21 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188253 Yeah, I remember the predictions, and I remember believing them. I did not, however, think that more than the housing bubble would burst. It's strange to see how interconnected everything has become, and how the entire economy has been affected in diverse and far-reaching ways. Yeah, I remember the predictions, and I remember believing them. I did not, however, think that more than the housing bubble would burst. It’s strange to see how interconnected everything has become, and how the entire economy has been affected in diverse and far-reaching ways.

]]> By: KC http://www.consumerismcommentary.com/2009/02/12/housing-market-crash-predicted-in-2003/#comment-188243 KC Thu, 12 Feb 2009 14:26:49 +0000 http://www.consumerismcommentary.com/?p=5320#comment-188243 Indeed the signs were there...if you have common sense. I remember a conversation I had with a woman in her 50s in 2007 in Florida. She was saying how she really feels for her kids (early 20s) cause they won't be able to buy a house and "start" a life. My husband and I bought our first, small home in 2000 and we paid a nice price, but not the inflated price we would have paid 3 years later. The more I thought about her comments the more I realized she was right. If I had been buying my first home in 2003-2008 I would have felt completely overwhelmed. As I was talking to her I kept thinking...something's got to give, it just has too - housing can't continue to increase at this rate. Common sense. Indeed the signs were there…if you have common sense. I remember a conversation I had with a woman in her 50s in 2007 in Florida. She was saying how she really feels for her kids (early 20s) cause they won’t be able to buy a house and “start” a life. My husband and I bought our first, small home in 2000 and we paid a nice price, but not the inflated price we would have paid 3 years later. The more I thought about her comments the more I realized she was right. If I had been buying my first home in 2003-2008 I would have felt completely overwhelmed. As I was talking to her I kept thinking…something’s got to give, it just has too – housing can’t continue to increase at this rate. Common sense.

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