July 30, 2006
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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.
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35 comments:
"I still can't see the peak!"
Sysyphus and his helpers.
the realtor leading her unknowing over-leveraged clients to the edge of the cliff
aaaaaaaaahhhhhhhhhhhhwwwwwwwwwwwwweeeeeeeeeeeeeee!!!!!!!!!!!!
why did we pay $800,000 for this shack?
I've seen the promised land. I may not get there with you. But I want you to know tonight, that we, as a people will get to the promised land.
Only 1 in 4 Americans can carry their mortgage. The rest are financially crushed by their own homes.
Damn the adjustable rate mortgage on this house seems to be getting heavier and heavier.
Are we being led uphill or something?
there's gotta be a bubble somewhere that I can move my phoenix based shack to to recoup!
What did the Realtor (man), the Lender (pink dress), and the Appraisor (man) say to the home owner at the top of the rocky cliff?
"We will close on Monday and then we are outta here...Don't worry about anything."
"You'll just refinance when it gets too heavy or we reach the top - whatever comes first."
Boy, you've got to carry that weight..carry that weight, a long time.
Its the new Ark of The Covent The key to untold riches in the RE promise land.
Being lead down the Primrose Path !
A Floating a Housing Loan with Strings attached.
We can do this! Suzanne researched it!
Rotate the picture 90 degrees clockwise....there, that's about right.
That's the picture off the cover of David Lereah's new book "How to keep your house and avoid foreclosure."
Soon we will have to cut our ties to this loser investment and let it go. Problem is by the time that happens there will be 1.5 million people doing the same thing. And with those houses go our economy. Bye. Bye.
yeah but are there flippers in Europe;)
"She's no real estate professional! She's a witch!! Throw it and we'll burn her!!"
The lady at the top is the owner and the other three are her co-signers.......
Why would any European with a decent job would want to live and buy a house in NY or SF?
I could see a Florida vacation home but with air fairs rising makes there are many more attractive places for Euro vacation homes and they don't need to worry about thier family getting shot by some American gang bangers.
This looks like a good spot, the view is much better, buyers should be lining up in no time...trust me.
Infidel, exellent observation! Wish you share your experience more. What's the difference in mortgage process between US and Germany?
I knew we shoulda' turned left at albuquerque
Reminds me of the slaves that built the pyramids carrying a stone up the slope.
Pyramid scheme...
Pull, bitch.
Follow me Sheeple to the land of Opportunity, Equity, Low Rates, Good Fortune ....& Foreclosure
You've got some interesting thoughts there Infidel. I checked your profile but doesn't appear you have your own blog. Maybe it's time?
lets sell now that way the house still has a lot of room to go up in value.
"We should have waited til after the house was in place to install the granite counter tops."
Looks like they roped themselves together to keep the sensible ones from leaving.
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"Just a little further i can almost see the top of the markrt!"
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