Financial Armageddon: It's Ugly Down There
” . . .we're in deep doodoo." --Robert Toll, CEO of Toll Brothers
Monday, October 1, 2007
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Finally, finally, finally... The housing market bubble is bursting. It seemed like in the past couple of years, the ones that were trying to warn people of the writing on the wall were largely being ridiculed and ignored. I saw it coming too. It was very obvious we were in a housing bubble and it proved once again an old addage that I learned from stock investing: When everyone and their mother is an expert, that is the time to "head for the hills"!
A History of Home Values
Map of Misery
Greenspan to Bernanke
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