re: Democrat Underground: Jonathan Gruber

No link. I wasn't on here then. I am not trying to say that I was warning everyone. I am simply saying that I could see it coming. There were cities all over America where housing values were going through the roof and there was no great population upswing. In other words, demand was not increasing with the number of people buying houses. It was increasing because developers were building more houses and because people were making money so more people wanted in the market. But, there was no real substance to it. The demand was soft underneath.

In my own city, housing values were going up 20-30% but the population was not growing at all. So, where was the influx in price coming from? Everyone told me that it was a stable increase, but it all looked like a bubble to me. Friends started getting into the real estate business and some started trying to flip houses. The HGTVs and other shows were telling everyone how easy it was. It all looked like a bubble. By 2006 it started to show and by 2007 it started to burst. We could see it coming.

So, no, I am not trying to say I am some great forecaster. I could just see it through simple things. Just like I could tell that Obama was lying about ACA. It didn't add up.