Comments on: Trapped Inside a Property Bubble http://www.socalbubble.com/2010/01/trapped-inside-a-property-bubble.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 04 Feb 2011 01:16:46 -0700 hourly 1 http://wordpress.org/?v=3.1 By: W.C. Varones http://www.socalbubble.com/2010/01/trapped-inside-a-property-bubble.html/comment-page-1#comment-94290 W.C. Varones Wed, 13 Jan 2010 02:35:41 +0000 http://www.socalbubble.com/?p=855#comment-94290 <i>We are quickly approaching the Day of Reckoning in our housing market. In my view this will be Armageddon for California debtors: the spending will stop, they will lose their homes and with it their illusion of wealth, and they most definitely will not be enjoying life. The cause of all the weeping and gnashing of teeth will not be some exogenous event, but rather a direct result of the circumstances they themselves created.</i> In a just world, yes. But this is not a just world. Obama and Bernanke are hell-bent on bankrupting the country and destroying the dollar to re-inflate the housing bubble. I'm <a href="http://wcvarones.blogspot.com/2010/01/how-i-learned-to-stop-worrying-and-love.html" rel="nofollow">buying</a>. We are quickly approaching the Day of Reckoning in our housing market. In my view this will be Armageddon for California debtors: the spending will stop, they will lose their homes and with it their illusion of wealth, and they most definitely will not be enjoying life. The cause of all the weeping and gnashing of teeth will not be some exogenous event, but rather a direct result of the circumstances they themselves created.

In a just world, yes.

But this is not a just world. Obama and Bernanke are hell-bent on bankrupting the country and destroying the dollar to re-inflate the housing bubble.

I’m buying.

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