Tempe, AZ (PRWEB) November 7, 2005

Http://HousingPanic.Blogspot.com has launched today in order to allow Americans (and the world) to understand the issues and repercussions associated with the ongoing bursting of the worldwide housing bubble – the most important issue facing the world in 2006.

“The Bush/Greenspan credit bubble has led to over-investment and hyper-speculative conditions which will now cause a market crash of epic and historic proportions” according to Keith Brand, founder of the HousingPanic blog. “This new blog will allow readers to review current articles, commentary and statistics, while also allowing them to vent, learn and react.”

“We saw margin accounts and wild speculative behavior lead to a drop of 70%+ in the NASDAQ in the early 2000’s”, continued Mr. Brand. “With housing, these types of margin accounts have been replaced by an even more dangerous form of leverage – called mortgages.”

“Whether it’s no-money-down, or interest only, or even a 30 year fixed, home purchasers and speculators among us are now leveraged ten, twenty, or infinite times what the least sophisticated NASDAQ day-trader was in 2000. The 6% drop in housing values that we’ve already seen in October will wipe out many folks. The upcoming 20% or more decline will destroy the US economy, create a flood of HUD homes, and lead to a worldwide financial meltdown.”

So button your seatbelt, and bookmark http://housingpanic.blogspot.com for the latest news, opinion and user commentary.

About Housing Panic

Http://HousingPanic.Blogspot.com was developed to be the definitive source of news, opinion and user commentary for the worldwide housing and credit bubble. The goal of the HousingPanic.Blogspot.com blog is to simply inform, so that its readers may make their most intelligent housing choices.

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