Pessimistic thought of the day

[tres_faux]

There is nothing that the US Government can do to overcome the basic fact that housing stock was overproduced and overvalued 2001-current, and that prices still have quite a way to come down from the bubble

Comments

[pescana]

Love, love, love the tags.

As a soon-to-be-former bank employee who insisted on a fixed-rate mortgage every time and sold the house over a year ago: yeah. It's a little scary to be nearing the end of my job right now, but I'll be a lot happier when I'm free.

[montval]

Agreed. Epic fail.

[anticrackmonkey]

I would opt to just raze everything. Por favor. Live in the ash, save lots of cash!