Tuesday, June 28, 2011

Today's Tied with Me

This blog has the same Technorati rank as the U.K. Telegraph's Finance blog.
Today, it brings note of a sad milestone - housing prices are down 30 percent from their peak in 2007.
Something the blogger said would eventually happen. Even though he thought the peak would be in 2004.
We house price bears are a hardy, arrogant bunch, though. And as prices continued to rise our general perspective was that it didn’t make sense and would all end in tears, but there’s only so many times you can go on TV and make an idiot of yourself, so from 2005 most of us simply shut up.  Then when prices started falling again, we all re-emerged, blinking, into the limelight and recommenced our cheerful intonings.

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