Today’s Housing Bubble Post

Oh Man,

And when the dollar bubble finally bursts . . oh man. If you’ve ever heard the joke about the pig, the monkey and the cork, you have some idea what to expect. Which is why hopeful talk about a “soft landing” or a “smooth adjustment” makes me laugh. By now it should be obvious: We’re not going to stop until somebody or something makes us stop – just as a jumbo jet in vertical descent doesn’t stop until the ground makes it stop.

Oh, the joke? Well, it’s the kind of joke Laura Bush might tell at a correspondent’s dinner, but certainly not appropriate for Seeing the Forest.

One thought on “Today’s Housing Bubble Post

  1. Everybody’s gonna be stuck with those high mortages. But for renters in NY — can’t happen fast enough for me!

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