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Seems the media has written off housing till 08′

Ben Jones @ The Housing Bubble Blog is getting alot of attention today. His recent post gathers news media reports from around the country addressing the pending Housing disaster heading our way.

From those attempting only a few months ago to shake off the warning signs as over-cautious, too many that are finally coming too terms with this not so rosy of a picture. Forget the rest of year an just move too 2008.

Conservative thinking has always be cautious of this pending dilemma. Like all growth patterns there has too be a downside or we never appreciate the climb up. Now even WaMu is playing with numbers, half-billion $$$ in old loans gone bad.

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