Oh, man, that was scary for a bit there wasn't it? Thank god the bubble is over!
Everyone get down to your local mortgage broker TODAY and get signed up for a no-down, no-doc, interest-only, teaser rate loan for that new construction condo you've been thinking about, regardless of price! Buy buy buy!
The housing bubble is over! Ding, dong, the witch is dead! Rejoice! Rejoice! The things we thought mattered, like positive cash flow, P/E ration on ownership to rent, affordability, income growth vs. housing price growth, supply & demand, all of it was wrong, dead wrong!
The only thing that matters in the end is that prices go up up up! Owning is always better than renting! Home prices historically have NEVER gone down, and they NEVER will, regardless of price!
Whooppeeee!!!! Whoppeeee!!!!
April 02, 2006
FLASH: Housing bubble over. All is well. Everyone back in the water. It's up up & up from here on out!!!
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6 comments:
great post - much better than the immigrant and political and racism posts of yesteryear......
Nice find, foobeca.
My favorite quote:
"Now is the time to buy (or the time to sell) a home. (As for Buyers . . . like they say about the stock market . . . "Buy when prices are going up - not down".)"
I never advise buying stocks on a "good" day. I'll have a list of stocks I like and then wait for one or more to have a bad week. This is "buying on the dips." I like doing the reverse on selling.
However, I hope other people follow her advice so that my 'up' stock keeps going up.
How many realtors does it take to screw in a lightbulb?
... it doesn't matter, they're too busy screwing you.
What's the difference between a realtor and a pothole?
... you'd swerve to avoid a pothole.
Zillow.com is going to take off like wild fire. When one combines the brewing lack of trust in realtors with zillow's new technology the demise of the realtor seems a year or two away.
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