This guy is glad that the "housing bubble blog" saved him from financial ruin, but he's not willing to believe some OTHER things that go against the mainstream...

Taken from the "Housing Panic" blog:


HPers I want to thank you all.

I was a homeowner blissfully unaware of the goings on around me. Then sometime last fall I stumbled upon your blog. It caught my interest and started reading it on a regular basis, learning new things along the way.

Hmmm subprime mess, never read about that in the MSM. Hmmm David Lereah's bullshit, never saw that analisys on the evening news. Hmmm income to debt ratios off the charts, never saw mention of that in the local paper.

I suppose I always had it in the back of my mind that my home's 200% appreciation in 5 years was not right. But everywhere I went I was high fived by my friends, co-workers all of whom also experienced this once in a lifetime financial lottery. It was an echo chamber with no dissent.

Well due to a lot of the stuff I read here I decided to put the home up for sale. And it sat and sat and sat and the more I read your blog the more I though, holy shit this is all coming true. Eventually I slashed the price $55K and got a sucker, err I mean a buyer to bite. As you can imagine my neighbors were none to happy with me. #### 'em!!

Today the deal closed and I am a free man. Almost all of my belongings are in storage as I type from my extended stay hotel room while I contemplate what to do next. Should I stay put? Should I move to a new city? Should I rent a home? An apartment? So many options. I just hope I won't be priced out forever now LOL!! I took today and tomorrow off from work and will go play golf, relax, enjoy the beautiful weather and smile as I drive by "For Sale" sign after sign after sign.

I still think the majority of regulars here are delusional and paranoid (9/11 inside job, Jєωs control Fed etc). But I think you wacky fools saved me a crapload of money and I will be eternally gratefull.