Comments for The Mother of all Bubbles at http://pacificfreepress.com , comment 0 to 2 out of 2 comments http://pacificfreepress.com Sun, 12 Oct 2008 09:54:59 +0100 FeedCreator 1.7.2 http://pacificfreepress.com/content/view/848/81/#pc_1084 I live in Southern California and my wife and i have spent the last two years searching for a home and following the market. i can personnally verify that homes that I've seen that were bought in 2005 and 2006 are selling LOWER than they are being priced today. I would say in one area in Southern California, i have seen homes that were just bought 3 years ago being put up for sale now. Are these investors, speculators, flippers, or people jumping ship?? difficult to say but it makes me very suspicious and it is very evident to me some people are getting nervous. Some of the homes we've seen are already empty due to the owners unable to pay. One home was bought in Sept 2006 and was put on the market yesterday. The ad says it is BANK Owned. Only 4 months ago. The bank is selling for $10,000 more than what it was bought in Sept last year. Does not look good. - a guest Wed, 31 Jan 2007 21:56:54 +0100 http://pacificfreepress.com/content/view/848/81/#pc_1062 One point about the impending doom for the dollar, the UK housing market is setting itself up for an almighty fall and we have pretty much zero jobs to fall back on, we are going to be in a position of higher unemployment, falling retail sales, falling house prices and so on, the Uk pound will be slaughtered. As for the likes of Ireland, well they have nothing other than their rising house prices, yeez they don't give tourists the light of day now that they are property millionaires. Thats the Euro in trouble as well, so coming back to the main point, has the dollar got much to worry about when all other currencies are in trouble? Now gold, ahhhhh, I would bet you my last dollar we will see $2000 once the meltdown starts :o - a guest Wed, 31 Jan 2007 02:19:14 +0100