A former Fed-watcher looks at the real estate meltdown
Sunday, September 9, 2007
The Five Stages of Real Estate Grief
I posted a version of this on the L.A. Land blog the other day. Ha!
DENIAL: "Don't listen to those doom and gloomers. They're nothing but a bunch of jealous renters. Probably Democrats."
ANGER: "You traitors in the liberal media are driving down prices and killing the American Dream! And dammit, stop laughing at me!"
SADNESS: "I'll be ruined, I'll tell you! Ruined! Everything I've worked for will be gone! Just kill me now!"
BARGAINING: "Okay, maybe things got a little out of hand. If I take a 15% haircut, will you give me a bailout?" ACCEPTANCE: "Honey, who knew that we'd be so happy in a trailer?"
DENIAL: "Don't listen to those doom and gloomers. They're nothing but a bunch of jealous renters. Probably Democrats."
ANGER: "You traitors in the liberal media are driving down prices and killing the American Dream! And dammit, stop laughing at me!"
SADNESS: "I'll be ruined, I'll tell you! Ruined! Everything I've worked for will be gone! Just kill me now!"
BARGAINING: "Okay, maybe things got a little out of hand. If I take a 15% haircut, will you give me a bailout?"
ACCEPTANCE: "Honey, who knew that we'd be so happy in a trailer?"