March 21, 2006

HP'ers, this says it all


From Washington DC - the Bubble Bench. Desperate condo owner lock boxes sprouting like mushrooms.

Actually, looks like my old digs in Tempe - by the entrance gate. San Diego probably has a few of these too. And Miami. Send any pics to housingpanic@yahoo.com and I'll be sure to post.

Game. Set. Match. This is going to get so ugly, and so fast, that even I didn't anticipate what reality will look like. Now we know.

Hat tip to HPer Anonyruss and Bubblemeter

33 comments:

Anonymous said...

That was originally on the Bubble Meter Site

blogger said...

thanks - got it sourced

cereal said...

i thought that was a bicycle rack.

i like that little silver scion in the street. great cars.

Anonymous said...

It's not funny...my "conservative" bro-in-law just got his 20yo daughter into a condo in MD just outside of DC. He is the macho guy who gets all his info from conservative talk radio and doesn't take no shiite from "liberals". And he has been really pushy with his kids about buying a house- "a sure bet".

She's not yet out of college and her boyfriend's job is delivering newspapers. And they now own a $200,000 small condo bought right at the top of the housing boom. She will start life out with a debt of $50,000+ and unable to get out of the condo.

Anonymous said...

The greatest tragedy is that this bench could have provided refuge to at least one bubble victim;)

Out at the peak said...

This has to be the best bubble picture I've seen so far. We've seen many lockboxes before, but this has to beat it.

Per complex:
I wish I knew how many condo units exist total and the count of the lockboxes. And are there any for sale that don't have a lockbox (FSBO)?

Anonymous said...

Was that photo for real or some sort of joke? Are there such things as rakc for lockboxes? Is that common? Wow, that is an awesome picture if its real.

Simmssays…
AmericanInventorSpot.com

David said...

This picture is for real.

Repo4Sale said...

Sold 182 properties in the last 6 years!! YAHOO! Avg. profit 1075% per deal and avg. hold 21 months! Buy low, sell high! Let the newbies keep the over priced properties and I will enjoy paying long term capital gains!!

Repo4Sale said...

I am looking for partners in the Hurricane Damaged states! My expected returns will be about the same 1000% and holding about 24-60 months. 1million minimum and 50-50 split of profits! Call me at 1-888-532-7999 and listen to message!

Anonymous said...

What's not funny about the NeoCon supporter gettin' burned? Those are some of the funniest!

Anonymous said...

I love all you liberals who are wishing for a crash because you believe it will help your (even more) socialist party. You people are pure evil.

Sammy Schadenfreude said...

I love all you liberals who are wishing for a crash because you believe it will help your (even more) socialist party. You people are pure evil.

And you are pure stupid. There is nothing "conservative" about taking on insane levels of debt and acquiring overpriced real estate through (reckless and irresponsible) creative financing. I'm a true conservative, unlike George Bush and his neo-con cabal, and I can't wait for the bubble to burst and fiscal sanity to reimpose itself.

Anonymous said...

So the guy in office now is not the brightest bulb on the Christmas tree - we all know that. But I think the guy before him knows how bad things really are. He at least had a brain. His problem is he wants to become Elanor Roosevelt. Good Old Bill figures Harding is in now and we all pretend how great things are. Then Good Old Bill gets to go back to the White House with his wife the new FDR.

Anonymous said...

I love how all you liberal morons blame the housing bubble on Bush, but you think Clinton was a genius for the dotcom bubble.

liquefaction said...

herds and flocks move across plains, into antholes, through blizzards and across oceans because of security in numbers; species survive, individuals die.

Sammy Schadenfreude said...

I love how all you liberal morons blame the housing bubble on Bush, but you think Clinton was a genius for the dotcom bubble.

Wrong, Corky. First, bubbles aren't created by Presidents. They're created by popular delusions and lemming-like stupidity. Greenspan and the Fed are the unindicted co-conspirators along with the sleazy hucksters and touts who inflated both the real estate and dot.com bubbles. But the ultimate blame lies with the fools who threw caution to the wind and got in over their heads.

Are you a screwdriver or wrench, tool?

Boca Expert said...

Has the Housing Bubble popped? Boca Raton says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem. read more ....

real estate expert said...

Has the Housing Bubble popped? Boca Raton says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem. read more ....

Anonymous said...

I try to swap links with people in the real estate business. But most folks don�t seem to care too much for that. Still, while blogging, I enjoyed visiting your site. Interesting work. Visit my site if you have a chance.

Anonymous said...

I don�t really have a useful comment on your site, but it was a nice break from my own real estate work. I just wanted you to know I enjoyed the visit and hope you can visit my site if you have a chance.

Anonymous said...

You have a very intersting blog. Team Member's Forum

Anonymous said...

Cyber-wandering and looking for something that might help my own real estate business. Stumbled across your blog and enjoyed the visit. Thanks for the read. Visit my site if you have a chance.

Anonymous said...

Blogging is a hit or miss trip ... usually a miss ... but I did enjoy reading your blog, which I put in the 'hit' category. Thanks for look. Stop by my site if you can.

Anonymous said...

Cyber-wandering and looking for something that might help my own real estate business. Stumbled across your blog and enjoyed the visit. Thanks for the read. Visit my site if you have a chance.

Anonymous said...

Blogged your blog and enjoyed the experience. Nice break from my own real estate work. Thanks. Visit my site if you have a chance.

Anonymous said...

If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.

Anonymous said...

Blogging is not always a rewarding journey, but I ran across yours on this trip and it was a good break from my own real estate work. Thanks. Keep up the interesting work and visit my site if you have a chance.

Anonymous said...

If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.

Anonymous said...

Blogging is a hit or miss trip ... usually a miss ... but I did enjoy reading your blog, which I put in the 'hit' category. Thanks for look. Stop by my site if you can.

Anonymous said...

If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.

Anonymous said...

When I go blogging, it often ends up a fruitless journey. I often think I'd do better if I just stuck with my own real estate sites ... and then I come across a blog like yours, and it make the trip worthwhile. Thanks. Visit my site if you have a chance.

maverick said...

Hello,
Without much luck, I was searching for blogs about Baby when I happened across yours. It's a cool blog. Evidently you like telling it like it is! I have a really great ebay website that is easy to use that you may like. If you get a chance, check it out www.licensedbrandsclub.com.