There is no Housing Recovery just like there is no Economic Recovery.  It's a Bubble that's been created by massive liquidity being pumped into the market & fueled by speculators who are riding the greed train.  Over 30% of house sales to investors in cash-only deals.  That my friends does not equal recovery.  The best...more

Remember those old Chevy Truck commercials with Bob Seger singing "Like a Rock"?  I can't think of better background music as the economy implodes.

Anthony got one thing almost right - "This is a tragedy waiting to unfold", but it's already been unfolding for a long time.  This country has a huge debt problem that needs to be deleveraged.  The money printing by the Fed has only made this problem exponentially worse over the course of the last 5 plus years.  We hav...more

Eliminating or reducing the amount of mortgage interest you can write off is the surest way to send this country right over the brink.  It's assinine and ridiculous to even consider it.  No one will want to buy a house so you can kiss the housing industry goodbye.  For me and my wife what keeps us going is the motivati...more

As someone made the analogy - our economy is a big Stack of Cards that is going to come crashing down at some time in the very near future.  Nothing is much better (if better at all) from the Financial Crisis of 2008 no matter how the govenment spins it.  Europe has put a band aid on an arterial wound and it's only a m...more