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Originally Posted by LegendaryLars
Man oh man the frenzy is at its peak read this shit and tell me its not.
The Shit is gonna hit the fan so fucking hard !
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I've been preachin it on this board for many months... the first time I said within 18 months, and about 6 months later I said with 12..... It's going to happen by next april in my opinion... and yeah, depending on how hard it drops (there aren't any stops in the RE market like there are in the stock market).... we could be headed for a depressions much worst than the first.
Alot of people are going to panic and want to get out of their mortgages at the same time.... they'll want to rent 'for awhile'... but they'll wind up renting for the rest of their lives.
Here's a interesting bit of info.... you know that these days if you have a bad credit or a bankruptcy, a lot of places wont hire you? Think about that for a bit.