We All Saw the Housing Crash Coming.....
Didn't We?
How the internet saved me and many more from financial ruin

01.05.2009
Jeremiah Allen
USHousingUpdate.com

When home prices were rising at a break-neck pace it was difficult to find people that thought home prices would stop rising, let alone anyone who believed that home values would eventually plunge back down to reality.

Homeowners that were sitting on mountains of equity and taking out home equity lines of credit (HELOCs) were certainly not complaining.  Nor complaining were the Realtors selling inflated-priced homes, bank loan officers making commissions, or home flippers that were buying and selling homes for easy profits.

So who was there left to sound the housing bubble alarm?  You might have needed to go to the internet to get any real insight into the massive ponzi-scheme known as the housing bubble. 

Many housing bubble information websites were started-up by renters  who took notice to the temporary mania and skyrocketing home prices and decided that renting was better off than buying a home.

I started RealEstateDecline.com in late 2004 to get the message out about the housing bubble.  I was a recent college grad who was sickened that I had spend 4 years of my life getting a college degree when all I really needed to do was just by a home in my hometown of San Diego, CA and watch it grow into nearly a million dollar investment.  However, I had a strange feeling about my regrets of not dropping out of college, getting a full-time job, and qualifying for a mortgage to buy my 4-walled investment of a lifetime.

At first glance of the new millionaire-maker housing market I thought that I had missed the easy-money boat and that I would be priced-out of the housing market forever.  After all, I had plenty of people telling me that home-prices never fall and could only
go-up. 

Common-sense then smacked me upside my hanging head and told me that if something gets too expensive for the average person to afford then demand has to dwindle and prices should begin to fall back down to earth...and home prices did just that, starting in 2007.

I changed the name of this site in early 2007 to USHousingUpdate.com so that the name of my site would still be relevant after home prices finally stop declining (my prediction for a housing bottom is 2012).

There were many great housing bubble info sites that I visited to get articles and views to post on this page.  Here are the sites that helped educate me about the housing crash that was on the way.

Radio truthist Alex Jones was the first person to educate me on the dangers of the Federal Reserve and the fiat money system and the controlled inflating and collapse of the housing bubble.  Just about everything that Alex Jones spoke about was new to my ears.  His frequent interviews with Ron Paul, and economists like Jim Rogers were an eye-opening jolt to my senses! 
The Alex Jones show is an amazing source of information for seeing were the economy is headed and for political insight that mainstream media doesn't even scratch the surface of telling.  Just wait until you hear whats next for the U.S. economy!
Listen to the Alex Jones show
(make sure your sitting-down before listening because the truth is shocking!)
 

Local to the San Diego market and forecasting the California real estate meltdown was Pigginton.com.  This site is full of nice charts and figures of the housing decline in SoCal.  Take a peek: Piggington's Econo-Almanac | San Diego Housing Bubble News and Analysis

There are dozens more excellent sites that were also responsible for warning myself and the masses about the current financial apocalypse.  This article is just meant as a quick thanks to the very first websites that awakened me, and I'm sure millions of other housing market watchers, from financial ruin.

Heres some other great articles that fore-warned of the housing plunge.  There are millions of underwater mortgage holders who now wish that they would have read these article years ago...
 

BW Online | July 19, 2004 | Is A Housing Bubble About To Burst?

Mainstream media forewarning:

The Pin That Bursts The Housing Bubble - Forbes.com

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