Is this inexplicable title of this ridiculous post.
If you spend any time watching "technical analysts"1 on the market watch shows--and who can resist?--you'll notice they spend a fair amount of time talking about "capitulation". This is what they call it when everyone decides the market isn't going up any time soon and sells out in the hopes of sheltering in safer investments. It is supposed to be a good time to buy because once everyone has capitulated, the market starts going up again.Dear stupid bitch,
I don't hold much faith in technical analysis. But looking at all the "just reduced!" ads in the Washington DC real estate classifieds, I wonder if homeowners aren't finally throwing the towel and trying to sell at any price.
People buy houses so that they can live in them, not for an investment. Sure, some people invest in housing, but this crisis is centered around people's homes. Don't you think pimping a scheme to making money of the evicted is kind of heartless? Oh, yes, I forgot, you have yet to learn that heartless is a modifies with negative connotations.
Also, take a look at a graph of prices over time. We're nowhere near the correction necessary to bring prices down to their historic levels. Anyone who gets into housing now is just as stupid as anyone who's done it in the past 5 years.
Someone with a brain