tag:blogger.com,1999:blog-6022241666945681777.post4039848568258023596..comments2024-01-02T04:37:12.836-08:00Comments on Economic Despair: Bring out your dead - Hovnanian comes down with the subprime plagueEconomic Despairhttp://www.blogger.com/profile/15834343361456412739noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6022241666945681777.post-35593853127009165752007-05-07T14:57:00.000-07:002007-05-07T14:57:00.000-07:00Great post! Another textbook example of investors ...Great post! Another textbook example of investors failing to ask the question "why" when investment values skyrocket, not just asking this question about an investment that is tanking. Could it be that back in 2005 home financing companies turned a blind eye to accepted lending standards and this fueled an already irrational run up on housing prices? While it's fascinating to watch these companies earn their just desserts, one must realize that many people (investors, homeowners, even some well-meaning, but stupid realtors) are several steps behind the learning curve when it comes to the housing market crash. Some still, in May 2007, don't believe what is happening all around them.Markus Areliushttps://www.blogger.com/profile/17399016153724723846noreply@blogger.com