QUOTE(Cedric @ Fri 7th September 2007, 10:50pm)
![*](style_images/brack/post_snapback.gif)
QUOTE(Pwok @ Fri 7th September 2007, 4:11pm)
![*](style_images/brack/post_snapback.gif)
Sorry, but my latest
obsession interest is the ongoing real estate crash. This is something I've been predicting for five years, and now the snowball is really rolling. I don't have time for the missing white girl of the week, or even much time for Matt Sanchez or Wikipedia for that matter. The Category 5 financial storm is starting to move ashore. So many scandals, so little time!
![cool.gif](http://wikipediareview.com/smilys0b23ax56/default/cool.gif)
Yeah, but to be fair, was it
really that hard to foresee? The formula I use:
1) Greedy sellers and realtors
+
2) Greedy mortgage brokers
=
3) Profit! (for buyers at foreclosure sales)
True, the sellers, realtors and mortgage brokers more directly profit at the expense of the investors and mortgagors. But the bigger winners are likely to be the sale buyers who later flip the properties--if they have proper capitalization and patience.
It's very easy to foresee a crash. The trick is to know when and how bad it's going to be. I don't see this being anything like as bad as Pwok seems to think it's going to be, but in truth
noone knows. If it does turn out to be that bad, then it's because it will have combined with some other "black swan" event shortly.
QUOTE(FNORD23 @ Fri 7th September 2007, 10:56pm)
![*](style_images/brack/post_snapback.gif)
QUOTE(Pwok @ Fri 7th September 2007, 2:11pm)
![*](style_images/brack/post_snapback.gif)
Sorry, but my latest
obsession interest is the ongoing real estate crash. This is something I've been predicting for five years, and now the snowball is really rolling. I don't have time for the missing white girl of the week, or even much time for Matt Sanchez or Wikipedia for that matter. The Category 5 financial storm is starting to move ashore. So many scandals, so little time!
![cool.gif](http://wikipediareview.com/smilys0b23ax56/default/cool.gif)
I was reading some far-right forum last night (can't remember which) and they recommended another forum 'abovetopsecret' than is the typical far-far-right forum (so far that it almost turns full circle and becomes left) In between the posts about the NWO and Illuminati and North American Union, there were several posts about the coming collapse. The predict another depression unrivalled in history. (but then again these folks predicted that the world would collapse over Y2K.
abovetopsecret isn't far-right as such, it's just full of lunatics.