Every time I see a house sell off the MLS for the past couple months, I can’t help but breathe the word “idiot”.

I mean honestly, what are these people thinking? They’ve been warned time and time again now that the market will crash.

You’d think with such a major purchase they’d do a tiny bit of research beforehand.

Today Bernanke did his 2nd day of questions before Congress. Half of the silly congresspeople were whining about the housing market going backwards. Bunch of numbnuts.

Are we going to find out that even congressmen and women bought overpriced homes with ARM loans?

BTW, Seattle has been being promoted as the “next San Fransisco” by realtors since winter as a way to suck in the last few suckers.

Now SF is starting to go down. (See todays Housing Bubble BLOg).

So I guess we know for sure now what our future holds.

But hey, like Bill says, sellers NEED those greater fools. So do somebody a BIG favor and buy their house just before the mother of all housing crashes.

They’ll be glad you did.

It’s been bizarre watching the RE mania seep through all corners of our culture. Both Backpacker and National Geographic Adventurer magazines include references to RE purchasing in their articles.

For example, in Adventurer, they can’t just write about a wild place and the attractions there (e.g kayaking, mountaineering). Now there’s always a little sidebar explaining the cost of RE there.

And of course, thanks to the market distortions of the bubble, a lot of these wild, lonely places will be overdeveloped. “Hey, let’s build luxury condos in the Methow Valley …”