This is primarily a housing crash blog, but we will also deal with the broader issues of the credit bubble and collapse, and the severe deflation that is to come. I am a fervent admirer of Ludwig von Mises and the Austrian School of economics, so I will inject salient quotes from that tradition and commentary as well.
I will do my best to document the crash with text and photos from my perch here in smug Seattle. I'm a long-distance hiker and I walk just about everywhere. I used to like Seattle a lot more. I still like it, but I can't wait for RE prices to return to their proper place and teach a lot of the idiots here a lesson they deserve.
Yes, the author of this blog believes that foreclosure is a Good Thing, the one true solution to the housing mess. May we have more foreclosures!
Thank you, kind readers, for visiting Deflation Land.