by Calculated Risk on 7/27/2006 10:12:00 PM

Mish provides a series of posts from a real estate broker based in Atlanta (Sonnypage on Motley Fool): Lights Out in Georgia. A sample:

Jan 30, 2006:

Our business here on Atlanta's north side is very strong. We have four contracts year to date, we will get number five this week. This compares with twenty six closings in 2005, so we are clearly off to a strong start.
...
All of which leaves me free to make my biggest and strongest Sonnypage prediction ever. This time next year, I will still be making money hand over fist, and Mish and Gary Shilling and the rest of the doomsday crowd will still be pumping the next depression.

July 20, 2006:

It's been a "character building year" as another agent in our office put it the other day. What makes it more stunning, at least to me, is that it started out so well. We ended the first quarter with nine deals pending or closed, which is a very solid start. Then we hit a brick wall with only three deals in the second quarter and that would make it our worst second quarter ever in our twelve years.

Then it got worse.

There is much more.