Tuesday, April 29, 2008

Home prices down 12.7% in Feb

The decline countinues in real eastate with home prices down 12.7% in US as banks refuse to give loans and foreclosures are being auctioned off at fire sale valuations. A vten city index set a record monthly fall of 13.6% and prices are still falling.

Debunkers now say "That was obvious", but in 2005 I sounded the alarm and told people about the real estate bubble and mortgage meltdown. The dumber than dogdirt debunkers told me that all I predict is gloom and doom.

Well, now I predict shortages of food & fuel in the future.

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