skip to main |
skip to sidebar
A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
About Me
HP blogs & websites
- AmericaPANIC
- Angry Bear
- Angry Renter
- Bank Implode-O-Meter
- Big Picture
- Blown Mortgage
- boom 2 bust
- Bubble Blog News
- Bubble Markets
- Bubble Meter
- BusinessWeek Hot Property
- Calculated Risk
- Case Shiller Graphs
- Charles Smith
- CNBC Realty Check
- Contrarian Chronicles
- Countrywide Foreclosures
- Deflationland
- Denninger Market Ticker
- Dirty Scottsdale
- Dollar collapse
- Dr. Housing Bubble
- Drudge Report
- Fed Up USA Protest
- Financial Sense
- firedoglake
- Flippers in Trouble
- Foreclosure Data
- Gawker
- Gold equals money blog
- Gold Prices
- High Probability kid
- homegain blog
- Housebubble blog
- Housing Blog Recap
- Housing Bubble Bust
- housing bubble hall of shame
- Housing Doom
- Housing Fear
- Housing Tracker
- Housing Watch Price Tracker
- Housing Wire
- I Can't Sell My House
- Infectious Greed
- Inventory Overload (realtor)
- Irvine housing blog
- itulip
- J-walk blog
- Kitco
- Kunstler
- LA Times Bubble Blog
- LA Westside Bubble
- Lasner on Real Estate (OC)
- Lawrence Yun Watch
- Long Island Bubble
- Marin Bubble
- Media - BusinessWeek
- Media - Financial Times
- Media - New York Times
- Media - News Hounds
- Media - Olbermann Blog
- Media - TV Newser
- Media - Wall Street Journal
- Media Matters
- millionaire mommy
- Mish's Global Economic
- ML Implode-o-Meter
- Moneyfiles Bubble Blog
- Mortgage Fraud Blog
- Mortgage Insider
- Mortgage Ledger
- mortgagefit portal
- My Two Cents Blog
- National Mortgage News
- News: Reddit
- Northern New Jersey Bubble Blog
- NYC bubble
- Paper Economy Blog
- Paranoid Ben's boring blog
- Patrick.net
- PeakOil - Life After the oil crash
- Phoenix Flippers in Trouble
- Piggington
- PIMCO Bill Gross
- Politics - C-Span Videos
- Politics - Dick Morris
- Politics - First Read
- Politics - FreeRepublic GOP Talking Points
- Politics - Huffington
- Politics - Kos
- Politics - Malkin
- Politics - National Journal
- Politics - Politico
- Politics - PoliticsTV.com
- Politics - realclearpolitics.com
- Politics - RedState GOP Talking Points
- Politics - The Note
- Politics - TPM Cafe
- Portland Oregon Bubble
- Prudent Investor
- Ramen Recipes for Realtors
- rancid truth
- Real Clear Politics
- Real Estate & Housing Outlook
- Real Estate Bloggers
- Real Estate Decline
- Redfin.com
- Republicans Are Assholes
- Sacramento Landing
- Scottsdale Sucks
- Seattle Housing Blog
- SlackerRevolution
- SoCal Bubble
- Soot & Ashes - New from HousingPANIC
- Speculative Bubble
- Stocks - Blogging Stocks
- Stocks - Bob Brinker
- Stocks - Cramer Mad Money Videos
- Stocks - DealBreaker
- Stocks - Denninger
- Stocks - Financial Times
- Stocks - Forex expert
- Stocks - I Bank Coin
- Stocks - Market Ticker
- Stocks - Money Week
- Stocks - Motley Fool Caps
- Stocks - Option Addict
- Stocks - Options Trader
- Stocks - Portfolio.com
- Stocks - RealClearMarkets
- Stocks - Seeking Alpha
- Stocks - TheStreet.com
- Stop the Mortgage Bailout
- the greenspan mess
- The Superficial
- Trulia
- Truth about mortgage blog
- UK House Bubble
- Video - Blip Radical TV
- Video - BrassCheckTV
- Video - Countdown
- Video - Fox Business
- Video - Movietone News
- Video - NBC News
- Video: Bloomberg Live
- Video: BNN Bubble News
- Video: C-span Junkie
- Video: CNN Live
- Video: Crooks and Liars
- Video: Daily Show
- Video: Housing Crash TV
- Video: Jim Cramer
- Video: MSNBC
- Video: PBS Frontline
- Video: Peter Schiff EuroPacific
- Video: Politics Videos
- Video: Presidential Debates
- Video: TPMTV
- Vigilant Investor
- Voice of San Diego
- What Bubble?
- Wiki US Bubble
- Zillow.com
- zz HP Mandatory Terms of Use
Blog Archive
- February 2022 (1)
- August 2018 (1)
- November 2016 (1)
- June 2013 (1)
- December 2010 (1)
- November 2008 (22)
- October 2008 (155)
- September 2008 (164)
- August 2008 (141)
- July 2008 (108)
- June 2008 (129)
- May 2008 (128)
- April 2008 (161)
- March 2008 (198)
- February 2008 (168)
- January 2008 (190)
- December 2007 (151)
- November 2007 (132)
- October 2007 (146)
- September 2007 (157)
- August 2007 (143)
- July 2007 (163)
- June 2007 (147)
- May 2007 (153)
- April 2007 (135)
- March 2007 (118)
- February 2007 (147)
- January 2007 (138)
- December 2006 (157)
- November 2006 (154)
- October 2006 (193)
- September 2006 (199)
- August 2006 (182)
- July 2006 (184)
- June 2006 (140)
- May 2006 (200)
- April 2006 (166)
- March 2006 (154)
- February 2006 (105)
- January 2006 (74)
- December 2005 (119)
- November 2005 (132)
55 comments:
I blame you, Kieth.
ditto.
The sky will fall, the sun will run out of H. There'll be 100 seats only for the spaceship to Mars...
Too much sensationalism lately.
This post is what I call a filler...
First off, I blame all the stupid MF's who can't spell K-e-i-t-h.
Then I blame myself for working in the construction industry and not having been aware enough to move into something that wouldn't be impacted so much by the bubble.
I blame "Sleasy Al" Greedspam. Shoulda took our medicine back in double ott. Nurse Ratchet, hand me the saw and tourniquet.
I blame Greenspan for not giving us the recession we needed in 2001.
I blame the mortgage companies for offering creative financing options, IO, arms, neg ams and my favorite, the no-doc.
I blame the apraisers who were taking kick-backs from the realtors.
I blame the realtors who told people lies, like houses only go up in value, better make an offer before someone else does, that offer is to low I can't take them that offer.
I blame the filthy Title Companies who scam people when a Title was run 2 years ago.
I blame the Escrow companies who feast on money that is not theirs.
I blame the banks who took loans, then dumped them on the open market because they knew the loans would never be paid.
I blame the MSM who is getting kickbacks and always tells people to buy stocks and Real Estate.
I blame stupid people at parties who try to make people feel bad because they don't own a home.
This is a partial list of where the blame belongs, it also belongs to stupid people who got in over their heads and let ego take control.
"I blame the banks who took loans, then dumped them on the open market because they knew the loans would never be paid."
Yes - THAT is a blog unto itself. . .the entire derivative trade and re-packaged debt instruments. . .banks are NOT dumb - in the "old days" I had many loans with Citibank and Wells Fargo that were sold within months. These instruments are all over the place, and likely in most of our pension systems and mutual funds.
The massive speculatory bubble and its horrid offshoot the Real Estate bubble are near deaths door.
Blame should be placed at the feet of liquidty and the people(banks) who give that liquidty.
Completely agree with anon @11:29:13 PM - you have it all covered.
I blame Keeph!
I blame people who think that they need or deserve a vacation home.
I blame people who only consider income when making an "investment" in real estate. Outgo such as property tax, home owners insurance eat the investment alive.
I blame people who feel that they are failures if they rent.
I blame the Jones complex. The entire state NJ, CA, most of Florida, AZ and CO have become gentrified. People acting as though they hit the lottery because the value of their house is 50% higher than it was 2 years ago.
I blame greed.
I blame Jan Michael Vincent. He gave up on life and now we'll never have an Airwolf reunion show.
I also blame just sheer greed. Whether it be bankers, brokers, agents, appraisers, speculators or builders... everybody just wants to make a quick buck, usually at somebody else's expense. There are a lot of pieces of shit in this world. Although, if I had to pick somebody, I'd sure like to kick a baby boomer right in the nuts.
I blame people who feel they need to blame others because they can't take any personal responsibility.
I blame the parents of all those pale-faced, frowning Emo kids. If they hadn't tried so hard to make these little dipsh_ts happy, they wouldn't have taken all those cash out refis and HELOCs, or bought those huge McMansions so each Emo brat could have their own wing.
He's right. For those of use who have made our money. it's time to go have fun. I'm 48. I don't think the country will turn around in my lifetime. I have a lot of cash in 2000 dollars, and a lot of gold. Moving up to Someplace like Redding sounds really good.
I think I'll be loosing my job by the end of the year. I'm just starting to get ready for it. I'm selling off most fo my cars, and other stuff I don't need.
I read a while back that 70% of the houses sold in Redding last year were bought by get rich quick investors down here in LA. I just might take one of those houses off their hands in a year or so.
I don't know about the fat bottom women, but I haven't smoked a joint in some 30 years. Hmmmmmm
eye lame feef.
Anonymous said...
This post is what I call a filler...
Monday, June 26, 2006 10:48:22 PM
Thank you , that kicked my butt
I dont think it will all play out like you say. But I would have to blame Bill Clinton for the greed and liars out there. He set the example for the world: it is ok to try and get away with whatever you can by saying "it wasn't me". "I did not have sexual relations w/ that woman". I love it. Taste you left ing, liberal mo-fo's. W in the house, right vs wrong, an free market work Keith.
I blame myself. I profited from it all and even fanned the fire.
Please forgive me
Im in on the women, art, trout, and upland birds but the dope is out of the question for me. In the 90's i tried that retirement and didnt watch my pockets. Whoops, she got me and i got the clap.
I don't blame anyone.
I don't think it was smart to buy a home and to think it was an investment (unless it was purchased as a rental).
I don't think it was smart to borrow on the equity of the home to purchase a boat, SUV, plasma TV or practically anything else someone doesn't need.
I think that artificial forces created too many buyers while there wasn't enough supply of homes to purchase.
The war in Iraq and the emerging middle class in India and China really put a squeeze on the price of materials that fueled the price of new homes and the resellers benefitted nicely... if they sold.
It's unfortunate that many so called investors got into real estate to flip properties instead of holding for a longer period of time. Someone mentioned greed earlier in the thread and to me this segment was really the most greedy of all the blame I've seen thrown around.
If your realtor told you that prices would only go up, and you believed them.. Where does the blame go?? You all seem smarter than that to let that happen to you.
If your realtor gave kickbacks to appraisers in order to get the price on your new home, please file a complaint against him or press charges... but have some proof first.
If you were talked into an ARM while rates were creeping back up... you might have wanted to pay attention in economics class a bit more.
If you were an investor planning to rent properties, you better have investigated the rental market first. You don't buy an investment home, rent it out, and still have to come out of pocket to make your mortgage payment.
If you were renting a home while home mortgage payments were less than your rent and waited till rents were less than mortgage payments, you'll need to check yourself in the mirror.
I blame people who feel they need to blame others because they can't take any personal responsibility.
I blame the people who feel they need to blame people who feel they need to blame others because they can't take any personal responsibility.
If you purchased a home because mortgage payments were equal to or less than your rent BUT forgot to inclue Property tax and insurance payments AND knew you would not stay in that house for at least 7 years you'll need to check your IQ after you check the mirror
On Emo, and other bizarre youth phenomenon:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/06/25/CMG5EJ6PF71.DTL
I blame the Muslims, because without them, Christopher Columbus wouldn't have needed an alternate trade route.
I lame loose feef.
"Loose" is a verb. Loose the dogs of war. budadumpdump! Only a looser doesn't no that anonypuss. budadumpdump!
I blame stupid Europe for sending out colonbus to find an alternate route, when they knew the earth was flat.
Stoopid anonypuss sez:
I blame stupid Europe for sending out colonbus to find an alternate route, when they knew the earth was flat.
They wooda found Amurka with thar GPS anyways.
i blame keith for bringing it on..but wait, keith himself is on the line for soup kitchen after losing everything in precious metals. Precious, indeed.
I blame all the people who didn't care to earn money by working, but instead were obsessed with creating 'passive income'. I also blame those folks who fed into that lazy greed by promoting all the get-rich-quick-in-real-estate seminars that set these lazy idiots loose upon the land as flippers.
I blame Florida. They cant read a ballot, their flippers aint just at Sea World you know!
After that I blame kIeth and my mom.
I blame spleaf.
Anonymous said...
I blame stupid Europe for sending out colonbus to find an alternate route, when they knew the earth was flat.
Tuesday, June 27, 2006 2:09:44 AM
Kolon-bus is spelt witha K dummy.
Tuesday, June 27, 2006 2:54:56 AM wrote:
"Kolon-bus is spelt witha K dummy."
You mean Kolonbuff?
Got a good laugh out of many of the posts.
Count me in for the hunting, fishing, and good looking women. Not a weed smoker though so I'll drink a Budweiser while you get high.
It will be like the song "she got the gold mine, I got the shaft". Only the greater fools got the shaft while those smart enough to cash out and not jump back into an overheated market will get the gold mine.
""Loose" is a verb. Loose the dogs of war. budadumpdump! Only a looser doesn't no that anonypuss. budadumpdump!"
Shit, if my boss if reading this I am going to loose my job as an English teacher.
By the way, the quote (Julius Caeser) is "Let slip the dogs of war."
I blame my penis, for wanting me to own a swank pad so I can get friendly with lots of ladies. And I blame the ladies for judging me by superficial factors such as my car and my home.
I blame my mother.
I blame this country for not having mofo's crazy enough to shoot presidents anymore. They're all too busy flipping. 20 years ago Bush woulda caught two in the face.
Stoopid anonypuss sez:
By the way, the quote (Julius Caeser) is "Let slip the dogs of war."
Blah, blah, Shakepeare sed Caesar sed this, and the Bard sed the other, of all the Gaul, et tu anonypuss?
anonymouse sez:
I blame my mother.
That's funny because I blame yer mother also. Budadumpdump!
Since blame must begin at the top, it's all on Greenspan. First he infused tremendous liquidity into the system, and most of it went into housing. Then a few years back, he suggested that not enough people were taking advantage of adjustable mortgages and the like. When it became clear last year that exotic loans had become the norm, he said maybe some people got into exotic loans who shouldn't have.
Greenspan got out 4-5 months after the top. Now Bernanke has the hubris to think he can get us out of this mess without a nasty recession or a major downturn in housing.
My question is, do these guys really not see the damage that has been done and the pain that will ensue when this thing implodes? Or is it that they really don't care about the rest of us?
P.S. for those bubble deniers looking to judge my angle: I sold out last summer and am renting. I am not a perennial renter and can afford plenty. However, I'm quite aware of the consequences of overspeculation on all things housing related. I'm also really concerned and saddened by all of the people who are going to get crushed in the unwinding of the housing (and other assets) bubble.
Yes people were greedy and stupid and uneducated about how housing really works. But mostly they were manipulated.
This is an excellent blog. Keep it going.You are providing
a great resource on the Internet here!
If you have a moment, please take a look at my automobile insurance online quotes site.
Have a great week!
Hi there Blogger, a real useful blog.Keep with the good work.
If you have a moment, please visit my automobile insurance rate stability act site.
I send you warm regards and wishes of continued success.
I was searching blogs,and I found yours.Please,
accept my congratulations for your excellent work!
If you have a moment, please visit my best home owners insurance site.
Have a good day!
Your blog I found to be very interesting!
I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
I have a bad credit car refinance
site.
Come and check it out if you get time :-)
Best regards!
Hi Friend! You have a great blog over here!
Please accept my compliments and wishes for your happiness and success!
If you have a moment, please take a look at my best quote auto car insurance site.
Have a great day!
A fantastic blog yours. Keep it up.
If you have a moment, please visit my bad credit loan mortgage refinance site.
I send you warm regards and wish you continued success.
A fantastic blog yours. Keep it up.
If you have a moment, please visit my bad credit loan mortgage refinance site.
I send you warm regards and wish you continued success.
I am here because of search results for blogs with a related topic to mine.
Please,accept my congratulations for your excellent work!
I have a bad credit loan site.
Come and check it out if you get time :-)
Best regards!
I am here because of search results for blogs with a related topic to mine.
Please,accept my congratulations for your excellent work!
I have a bad credit loan site.
Come and check it out if you get time :-)
Best regards!
A fantastic blog yours. Keep it up.
If you have a moment, please visit my california health insurance quote site.
I send you warm regards and wish you continued success.
This is an excellent blog. Keep it going.You are providing
a great resource on the Internet here!
If you have a moment, please take a look at my california health insurance quotes site.
Have a great week!
Post a Comment