With the bubble bursting and the damage spreading from shore to shore, we're getting more and more haters on the blog - likely REIC members who are out of work and looking for someone (other than themselves) to blame. HP is a lightening rod for those types, and it's just going to get worse.
We also get trolls who don't want to hear my version of the truth. People who believe anyone should be allowed to break into our country with no respect to law and order. People who are hard-core Democrats or Republicans. People who don't understand the evil of islamist cult members. People who refuse to believe that iran, oil, china, interest rates, the housing bubble and wal-mart are all tied together. I could go on and on.
The bottom line is that HousingPanic is an opinion blog, hopefully funny sometimes, and definitely not politically correct.
If you want a mind-numbing (and boring) list of housing bubble stories, I'd recommend paranoid Ben's boring blog. If you want to only view information that confirms your hard-set beliefs, I'd recommend DailyKos (on the left) and Fox News (on the right).
If you want an out of control, in your face, 'crap I can't believe he just said that' blog that reports on the issues America refuses to address and tries to tie it all together in a neat little red bow, I'd recommend HP.
To the haters, REIC and trolls - this simple message: Welcome to HP, we value your input. Now kiss my ass.
Cheers
Keith
September 18, 2006
A note about HousingPanic
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70 comments:
Yea Keith. You the Man. ROTFLMAO and I have not had my coffe yet.
Okay, gotta go to work now.
Keith,
I admire your Chutzpah in expressing your opinions.
Also, your graphics are excellent!!!
However, I have one question:
Why do you call Ben Jones "paranoid". Granted, he isn't the most exciting Blogger in the world, but he IS very consistent and his site attracts a number of excellent posts by readers.
Just curious
Ben's paranoid because in all this time he never put housingpanic on his blog roll - fearing that if his readers read HP they'd never go back
Kinda like that kid who doesn't want other kids to play with his toys
As HP'ers know, I've linking to his blog and any other bubble blog that's asked
Bubble bloggers should be united against the forces of evil. Except for paranoid ben, that seems to be the case
I do find his blog mind-numbing and boring though. Probably matches his personality
HP,
Ben still is the biggest housing bubble blogger.
I don't understand why you have such venom towards illegal immigrants themselves. The policy may be out of whack, but if you were put in the same circumstances, chances are, you'd make the same calculation.
My knowledge and understanding of the problem is highly limited, but a serious discussion would include:
1. Our economy seems to be dependent on lower-than minimum wage labor. In some cases, such as orange picking, outright slavery. No one wants this, but take away all the illegal immigrants, and hello, hyperinflation. Who wanted that cheap labor?
2. The "Minutemen" solution is disguised vigilantism and won't work, although it certainly was effective in calling attention. Putting up a wall is also not radical enough, as in "root cause".
3. Europeans ripped off the Native Americans and are thus, themselves "illegal immigrants". From that perspective, it is the height of arrogance to say anyone does or does not "belong" here. Zoom out on the Americas - it's mostly brown people, and there is an unstoppable momentum happening. The current empire is crumbling and will inevitably be replaced with something different. Zoom out on the world, same thing.
4. Things in Mexico must be simply awful. Isn't the economic situation there in part owing to a currency devaluation, the very thing this blog fears the most? If things were better in Mexico, then fewer people would take the risk of crossing the border. Is it too difficult to ask "how can we make things better in Mexico and all around?" Maybe the hope of NAFTA, however flawed, was to start looking at North and South America as a connected unit. Like it or not, there is a de facto global economy.
I'm with you on not getting hung up on ideology. I want to understand the real world, the way things actually are, and to embrace reality. This blog is a great antidote to the housing Ponzi illusion of the past few years. I'd like to see an unemotional, intelligent, and equally realistic discussion about the question of immigration and the economy.
Yeah keith - even though you still have not connected the most importanat dot of them all - the US/UK/Israel hegmony ME/world dominion oil dot - you're still pretty cool.
bigger ain't necessarily better
Keep up the good work, Keith. Most visitors here appreciate information sources that try to show what's really happening out there. Who cares about the few 'squeaky wheels' that have nothing to contribute? Let them start their own pathetic (not to mention boring) blogs. Forewarned is forearmed.
Here is Housing by the numbers:
• 32.6% of new mortgages and home equity loans in 2005 were interest only, up from 0.6% in 2000
• 43% of first-time home buyers in 2005 put no money down.
• 15.2% of 2005 home buyers owe at least 10% more than their home is worth.
• 10% of all home owners have no equity in their homes
• $2.7 trillion in loans will adjust to higher rates in 2006 and 2007.
• 70% of borrowers who took out pay-option ARMS in the past year have loan balances larger than their initial loan.
• Homeowners face higher payments as mortgages are reset. Generally, monthly payments rise between $200 and $500 depending on the size of the mortgage.
• According to Reality Trac, August foreclosures were up 23% over July and 53% over a year ago.
• The number of homes for sale is at record highs, and inventories are 59% higher than a year earlier.
• New home sales are down 22% and existing home sales down 11%.
• The NASB housing market index has recorded an all-time decline.
• The housing affordability index is at a 15-year low.
• The house price-to-income (rents) ratio is off the charts. According to HSBC, in 18 states accounting for over 40% of national home values, the price-to-income ratio is 3.6 standard deviations above the mean.
• The OFHEO index of house prices deflated by the consumption price deflator has soared to a record high of 350 from 250 in 2001. From 1976 to 1996 it never was above 220.
• According to the NAR the year-to year prices of existing homes are now flat. A short time ago they were rising at a yearly rate of 16%.
• Nationally, home prices have not declined on a year-to-year basis since 1933. Recently, however, prices have been dropping in the North East, West and Mid-West.
• Sales incentives are now estimated at 3% to 7% of selling prices.
Wow -- that is some soft landing you got there . .
Agree with all you you say, Keith. Just 1 point:
Free Republic is possibly a better Republican counterpart to Daily Kos than even Fox. The reactionary Bush-bot "Freepers" (Freeptards) are as nasty as any in REIC and tag-team attack the few who post bubble stories. They view any bubble story as a direct attack on Bush.
Boring and paranoid eh? Keith, you are just so good for a laugh. Not only is your financial advice a perfect contraindicator but now your blog analysis can be used the same way. Ben is "boring" only in that he reports a protacted event rather than engaging in masturbatory self inflation. What you call paranoid could more likely be explained by an unwilliness to waste readers time on repetitious and inaccurate nastiness.
robert cote playing the roll of troll
"Ben's paranoid because in all this time he never put housingpanic on his blog roll - fearing that if his readers read HP they'd never go back"
That has got to be the most asinine thing I've read in a while on your blog, Keith. That's the same kind of self important mindset that fuels fools like Ahmanidejad and Bush. And you have less clout then their morning poop does, which make it especially silly.
Get over yourself, you wanker.
The housing market can take years to fall apart. It is going to get much, much worse. Put on your seatbelt and hold on.
Buyers will not forget being raped by sellers last year. it is going to be brutal.
As usual, you are ignoring all the good news. Oil prices have fallen, housing stocks have rebounded, interest rates are expected to decline, and we have made real progress in the war on terror. So what if real estate prices have declined 2% or 3% in the last couple of months. That only means investors are left with 98% of their profits. I say move all the doom and gloom crybabies to Canada, where the government is now implanting microchips in the heads of all newborns so they can track them. You know what they call the money up there? Loonies
Anon 4:02:32,
Have you heard about the "band aid" solution? If not, that's what you are seeing now.
Ben's blog is stodgey and desicated. Keith's is saucy, spicey and well-rounded, while conveying pertinent data.
Keith's blog appeals to both box seats & groundlings. Might as well have some fun to balance the dreary news. I'd rather be "laughing wild amidst severest woe" at HP. Ben's blog makes me want to break out the Leonard Cohen albums and razorblades.
Good job, Keith.
Well said, Keith!
-Dragasoni-
Stolen from the SDCIA website which is home to the San Diego Real Estate Investors Club. These are observations of a sub-prime loan office manager:
I think that the “experts” should just spend one week in my office observing the financial profiles of our refinance applicants. I believe their outlook would be much different.
Most people simply cannot believe the profiles that we see.
I am the sales manager of a branch office of a top-10 national lender.
My office of 7 loan officers takes +/- 100 loan applications per week, 90% of that coming from cold calls.
Of the last 100, I have taken some simple statistics and have found the following:
68/100 had LTV’s over 80% at time of application
16/100 had LTV’s over 100% at time of application
78/100 had back end DTI’s over 55%
31/100 had back end DTI’s over 70%
23/100 had FICO’s under 500
81/100 had credit card debt above $10,000
54/100 had credit card debt above $20,000
18/100 had credit card debt above $50,000
66/100 had Pay-option ARMs
27/100 had Pay-option ARMs and mortgage lates
22/100 were either in forbearance or had been in forbearance within the past 12 months
We took 14 applications today and we cannot qualify a single borrower for any type of loan. We are sub-prime, in fact, sometimes I say we are sub-sub-prime. We can qualify almost anyone for a loan. Not today.
Let me tell you about just one borrower from today:
Husband and wife
Husband on fixed income military retirement $1800/mo
Wife makes $9500/mo as a registered nurse
5 properties with $3,400,000 in mortgages
All mortgages currently have prepays
8 interest-only mortgages
1 option ARM deferring $3500/mo
3 in Chula Vista and 2 in Escondido
No more than $75,000 equity in any of the homes (verified by comp checks with 3 appraisers)
All properties with front end LTV over 90%
$65,000 credit card debt $672 Mercedes payment
One property had 3 mortgages, one of them hard money
621 mid FICO
2×30 in the past 12 months
Not a dime in the bank
They have been making mortgage payments with their credit cards and refinancing to pay off the credit cards. They are at the end of their rope, but refuse to throw in the towel.
This is not even an “extreme” example. I could show you dozens of these every single week.
I just wish the experts would see what I see. I think the statistics released would be different.
Granted, I only see applications from San Diego and Imperial Counties, but this is just getting out of hand.
“I have no idea what the general public is like. I only know that this is what I see each day. We certainly do see our share of 800 FICOs and 25% LTV’s, but it is the exception, and not the rule.
Most applicants are desperate to lower their payments, not realizing that they cannot lower a payment when they currently have the option arm.
Others are desperate for debt consolidation. When their mortgage payment went from $3000 to $1000 (fixed or ARM to option ARM) they found other things to do with the cash flow. Mostly toys.
We generally pitch up to 4 strategies:
Debt consolidation - most common
Max cash - a close 2nd to debt consolidation
Max cash same payment - almost never possible
Term reduction - hardly ever fits DTI
We do not sell Option ARMS. We hardly ever sell interest-only. The bread and butter of my office is selling people out of option arms and IO and back into a “real payment.”
The broker office next door simply can’t believe that we stay in business without an option arm to sell.
I will say this without any hesitation: 9/10 borrowers who currently have Option ARMs have no real understanding of what their loan is doing. I have had more than a few old ladies cry in my office when I show them the amount of deferred interest on their loan.
They were careless enough to sign a bad loan (ultimately the responsibility of the borrower to read the docs before signing), but it doesn’t help that every hack broker out there is pitching the option arm just because the rebate is so high.
Almost daily I see 70-year-old+ borrowers who used to owe $50k on their home now owing $600k on option arms.
The reason Keith is so upset that Ben does not link to his blog is that if Ben did, then Housing Panic would rise higher in the blog rankings and traffic rankings.
Those rankings are calculated by the number of link to your blog, and if someone with a high readership and high traffic (Ben) links to your blog, then you get elevated in the rankings.
Hence Keith's agitation that Ben has not invited him to the island.
Some of us, like myself, wouldn't be interested in DailyKos even though we sometimes think that you go over the top on immigrant issues and Iran. I suppose we'll have to agree to disagree because there is enough other interesting material about the housing bubble within your housing panic blog to justify a look. Take this critique with a grain of salt because, hey!, it's your blog!
Sean, the Irish immigrants your talking about were crossing the borders illegally? Or were they arriving on ships and being processed according to law? there is a difference. I love how the people who think this is a shitty blog read every goddamn post as if their lives depended on it. I read Ben's blog and many others, they're all spices in the spice cabinet and each has it's place in the dish.
3. Europeans ripped off the Native Americans and are thus, themselves "illegal immigrants". From that perspective, it is the height of arrogance to say anyone does or does not "belong" here. Zoom out on the Americas - it's mostly brown people, and there is an unstoppable momentum happening. The current empire is crumbling and will inevitably be replaced with something different. Zoom out on the world, same thing.
Yet when the Muslims did the same thing in Europe, and we launched the Crusades in response, we're STILL the bad guys. I guess Whites just can't win with you.
The way I see it is that North America is ours. Whoever had it before is out of luck. Now, it is our time to defend North America from the foreigners. We can either do it, or we can convince ourselves we deserve to lose it. The only thing stopping us from saving ourselves is us. Or more precisely, folks like you.
If you want to have a real discussion as to why it is bad for non-Whites to be entering White nations, take a look at the school test scores. Take a look at IQ. Take a look at crime rates & criminal propensity. Think Darwin, think about the implications of evolution, think DNA. Just open your eyes.
"the Irish immigrants your talking about were crossing the borders illegally? "
It goes beyond Ellis Island and the rest.
Back then, there was, in fact, an industrial revolution. Workers and new businesses were needed to grow a relatively empty plot of land aka the USA.
And after that whole "Gangs of New York" era, the early 20th century up through the cold war had tons of eastern Europeans arriving and many of them were brilliant intellectuals who'd ignitated our nation's scientific infrastructure. Others were business types or simply hard workers who worked for those businesses. The children of these groups were almost immediately assimilated, all within a generation of arriving.
Today, we have an economy of nontradable services (healthcare and housing
see http://www.businessweek.com/magazine/content/
06_39/
b4002001.htm?chan=top+news_top+news+
index_businessweek+exclusives
)
but yet, we're allowing illegal immigrants amnesty just to assist some shady farming collectives down in Cali. Instead, we need more eastern European intellectuals and other peoples of the world with capital and businesses that can re-ignite this country and whose children will be readily integrated into the mainstream instead of remaining a separate nation within a nation.
"If you want to have a real discussion as to why it is bad for non-Whites to be entering White nations, take a look at the school test scores."
Wait a minute, I'd thought that Asian-Americans were the exam taking wonder of the modern world?
I think they are ~30% of MIT.
It's a decent blog. Keith is however a xenophobic ex-patriot wanker who pisses and moans about illegal immigration and islamic fundamentalists while sipping tea in jolly ole England. But hey, that's what makes it fun.
I have a get rich quick scheme. Go into the american flag and pope effigy business (with a free pack of matches), tell the truth about Islam and sit back and watch the money roll in.
Keith your bolg is pure genuis, I for one love it. All others pale. Ignore the haters & keep it up.
thanks
SteveM
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
Anon 7:24:53,
I guess you can't wait right now for others to really go nuts about your comment - huh.
Not me. In fact, I think you're absolutely right. How's that for a reverse psychology?
Panic, you can be the CPO (chief paranoid officer).
Here's another: a board game called Monotheopoly®. The objective is to convert all the inhabitans of each parcel of real estate to Islam, complete with "get out of fatwa free cards". Each time you pass go you get 200 virgins. The tokens would be suicide belts, swords, rabid mullahs and croissants (french version only). Only the non-believers would have to pay taxes. The first one to blow themselves up wins.
"If you want to have a real discussion as to why it is bad for non-Whites to be entering White nations, take a look at the school test scores."
Wait a minute, I'd thought that Asian-Americans were the exam taking wonder of the modern world?
I think they are ~30% of MIT.
He's talking about the American Indians (which includes Mexicans, by the way) and blacks, genius.
And, besides, having immigrants on top is also bad for whites. They have none of the namby-pamby sense of fair play that whites have, and prefer to hire their co-ethnics instead. The result is more immigration and higher unemployment for whites.
I think white people are the only ones on earth who are actively encouraged and expected to cheer their own Darwinian extinction, by displacement (i.e. immigration), or by welfare supporting of other races, or interracial adoption and marriage.
Perhaps such a stupid race deserves to die out.
Thank you Keith - don't always agree, but love the blog. . .and yes, I am NOT PC either - my old saying - "ISlam IS the Problem". . .they never had a reformation, and have no central authority to keep "Jim Jones" types in line, so Kool Aid is the name of the game for any crackpot Iman with a megaphone!. . .tell THEM to get a Pope and clean up their act!!!!!!!
In Lebanon, we covered entire villages with cluster bombs, what we did there was crazy and monstrous," testifies a commander in the Israel Defense Forces' MLRS (Multiple Launch Rocket System) unit. Haaretz News
Yea, Islam is the problem. I think narrow minded people like you are the problem regardless of religious ideology. Where’s the outrage? Why do you think that you are any better then the hate filled monsters of a different culture? The only difference is your geographic location. Your minds are in the same place.
Keith said:
"Ben's paranoid because in all this time he never put housingpanic on his blog roll - fearing that if his readers read HP they'd never go back."
Not likely! I read both blogs, but find Ben's to be more intelligent and informative. I spend waaaay more time there, than here.
Tom, the answers to your questions are simple: humans pick teams.
It's biological. We would have all been hyena food if we hadn't formed teams way back when. Our stupid chimp leader chose to muddle the lines of who the other team was after we got hit on 9/11, and people who crave authority have followed him along in lockstep. Therefore, the hyenas become muslims, and the weak people fear getting eaten by those hyenas.
And to the other team, we're the hyenas, because their leaders are doing the exact same thing as ours: telling their followers who the hyenas are.
Personally, I think the hyenas are the team captains: Bush, Ahmanidejad, Ratzinger, Blair, Assad, The Saudi Royal Family, etc.
And I'll be damned if I'm gonna listen to a half dog, half cat, wild african creature tell me who I should be afraid of.
bens blog you get housing, period. this blog I get housing, US economic collapse, jews and arabs, iran, declining dollar, hispanics, 9/11, why walmart sucks, wood houses suck and tons of name calling. yup, the fox news of bubble blogs. keep it up.
mr vincent,
Ben has to approve you to allow you to post. Guess your attempts haven't met his approval yet. Try sucking up to him or something, or adding some info he finds would enhance the discussion.
That's one thing I will give Keith credit for, not limiting commenters to those he approves of.
tabasco -
you are correct to a point, though Keith sure does hit the delete button quite a bit on comments that hits his one nerve
I only delete multiple posts, or richard when he tries to threadjack, or posts that spell out the full F word or other vulgar sh*t
I'm too busy for that crap. And I like the freewheeling anarchy feel of HP
Sex Pistols rule!
You belong in jail.
We are at war and everyone is already very worried about the economy.
You are just a economic terrorist, who is using a web blog as a weapon to cause worry and fear.
You should spend less time spreading your lies and more watching the truth on FOX, if you can even stand the truth.
Someday, we will be able to put traiters like you in prison for saying your stupid things, and I hope we can torture you as well.
A creampuff said = don't understand why you have such venom towards illegal immigrants themselves. The policy may be out of whack, but if you were put in the same circumstances, chances are, you'd make the same calculation.
Are you Serious WTF do you think we are doing creampuffy - we are protecting our country from becoming a Brown Sea that looks like smells like and the language is Mexican This is America and We have the right to chose who comes here. We can not support the 4 billion poor people of the third world and if you want to become part of the third world just sit back and do nothing and before you know it we will be part of MEXICO.
Sound and fury, signifying nothing.
"This is America and We have the right to chose who comes here."
I agree, but that choice must be founded in education, no criminal record, not affiliated with a terrorist group, ability to speak, read and understand English and willing to embrace the American culture, without regrad to the COLOR OF THEIR SKIN.
You got a bit carried away with that Brown Sea, except it is your nature hidden behind the right of America to choose (and not chose) to come here. Get your grammar straight before you criticize other people's color.
http://tinyurl.com/fotxj
Here is a children's camp pic from the other side. Beware, Image is schocking.
Just to show above image was not a fluke.
http://tinyurl.com/gd46l
You belong in jail...etc. post.
Keith, You wrote this just to stir the bees hive, didin't you?
No, wait, Ben wrote it.
No, maybe............paintblot?
yea, paintblot can not resist HP.
HAHAHAHAHA
"having immigrants on top is also bad for whites. They have none of the namby-pamby sense of fair play that whites have, and prefer to hire their co-ethnics instead. The result is more immigration and higher unemployment for whites.
I think white people are the only ones on earth who are actively encouraged and expected to cheer their own Darwinian extinction, by displacement (i.e. immigration), or by welfare supporting of other races, or interracial adoption and marriage."
Very true. The social engineering has worked & whites apologize for every ill in the world and loudly ridicule their own Western Euro tradition & culture. NO other group, including the most f'd up, backwards ethnic groups do this - on the contrary, they're quite proud. Baffling.
"In Lebanon, we covered entire villages with cluster bombs, what we did there was crazy and monstrous," testifies a commander in the Israel Defense Forces' MLRS (Multiple Launch Rocket System) unit."
No shit. Guess WHO shipped Israel all those cluster bombs, guided bombs, jet fuel, and diesel for their tanks. Good Ole Uncle Sam.
To Keith,
Thanks for a Wonderful evening!
Luv, your BrianBoy!
sittinpattsandiego:
"...sea of Illegal Immigrants..." is much better than the "Brown Sea." There's a big difference! I don't think that I still need to explain.
By the way, I'm with you and all that you've said. No argument there. However, I'd like to hear a viable and realistic solution that you may have in mind.
In Lebanon, we covered entire villages with cluster bombs, what we did there was crazy and monstrous," testifies a commander in the Israel Defense Forces' MLRS (Multiple Launch Rocket System) unit."
No shit. Guess WHO shipped Israel all those cluster bombs, guided bombs, jet fuel, and diesel for their tanks. Good Ole Uncle Sam.
Tuesday, September 19, 2006 2:44:25 AM
Bush and his neoconservative Israeli bought lapdogs should be put on trial for war crimes against humanity.
Republican scumbags!
Lots of misunderstanding. First, let me point out that America is not a "white" nation. Second, I don't think I ever said I support illegal immigration; more along the lines of the post that pointed out it's a complex problem. I didn't mean to guilt trip and say "we [Americans present] deserve to lose" the country, more like there is a grand inevitable. Speaking for myself, the change is almost bewilering. And how's this for patriotic pride - I don't like it when immigrants don't strive for citizenship, and take not learning English as a borderline affront. My point was that simplistic solutions are ineffectual, not that there is no limit to how many people we can take on or help. (This is another involved subject unto itself, but it's pretty clear we've surpassed Earth's carrying capacity, meaning a drop in population is another grand inevitable).
The moniker "creampuff" is both a send-up of the realtor classified ad description of a junker house and a jab at Americans gone soft - I hope this doesn't apply to you or me, but I'm afraid it applies to what others here refer to as "sheeple".
I think what bothers me is Keith's pride in being "politically incorrect", encouraging all sorts of ignorant, insensitive posts like the white supremist comments. In fact, all humans are genetically about the same with very minor superficial differences. We're a bunch of mutts. Within a couple of generations, the current wave of immigrants will be neuvo riche yuppies, yelling at their creampuff-butt kids to mow the lawn. It's the American way.
Everytime I get to "The gains are permanent." I burst out laughing. Whoever you are - don't stop!
Why do you feel it necessary to put down someone else's blog? Insecure maybe? I may have missed it but I don't see that coming from his blog.
when i visit ben's blog, he sure doesn't spend any time talking bout Keith.....
just an observation
looks like a case of little-man disease bloggy style
Ben is paraniod because he does not link to your blog but Paper Money isn't linked here??
Keith pwn3z the haters
go get em Keith
Ben is a stiff, bland Arizonan who comes across as a white-bread pseudo-wonk. Arizona is awash with such mediocre white guys trying to eek out a modest living.
Keith was smart enough to escape from the Arizona shithole, had the cojones to go overseas and mix it up a bit.
Arizona, Land of underachivers and marginal second stringers.
Rum Runners you bet your life.
What do you think those fucking Kennedys did? The old man was a booze man. Now we're stuck with too many Kennedys some of whom like to drown their dates or just rape them.
Hey, where's the picture of that golf playing nigger who's searched every golf course in America for the drug runners who killed his wife.
Sean, perhaps you could invite all the illegals to live in your city and show them how it's done.
Islamophobic and proud of it. I'm also Naziphobic, Fascophobic, Bushophobic, neoconophobic, Fundamentalist Christianphobic, PC Uberliberalphobic and Moronophobic. All healthy fears to me.
"I don't know if my Irish ancestors crossed legally, but I know judging by their subsequent behavior (including bootlegging and smuggling) that legalities wouldn't have stopped them."
Mine did, and were law abiding and loved this country. I read old letters and they were so proud and grateful to be here, though life wasn't easy. Later generations of my family despised the shanty Kennedys. There's good & bad in all groups, but sadly, we're inundated with bottom of the barrel, lowest IQ Mestizos, whose first act, entering the country, breaks the law. We're importing a massive underclass who will siphon from this country, not contribute. There's no assimilation now, look at the data for 2nd generation Mexicans. When the Irish came, there was no national dole, just personal responsibility for their welfare.
National crime rate just rose-- a fluke?
Thank the Kennedys (and Javits, et al) for loosened immigration which was the beginning of the problem.
ben deletes any reference to housing panic on his blog
par-a-noid
Tabasco said:
Our stupid chimp leader chose to muddle the lines of who the other team was after we got hit on 9/11...the hyenas become muslims...
Are you saying we should be scared of being eaten by Hyenas? or mebbe dinosaurs (Grrrrrr!)?
No dummy, he's saying the dinosaurs and hyenas attacked us, not the moslems, therefore we should form an alliance with the moslems to fight the GLobal War on Dinosaurs (and hyenas).
THAT will teach those damn hyenas.
Ben's blog is straight up news articles. This one is much more personal and opinionated and frankly more compelling. It's interesting and exciting b/c of the controversy. Plus Keith puts a whole lot of work into this. I find it more intellectually challenging to open the argument beyond the sanitized whitewash that you typically get in a (copied) news article. They're not going to call David Nereah a straight-up shyster and a liar or point out the massive fraud and collusion in the REIC. That said, I doubt Ben is paranoid or scared, probably just wants nothing to do with sensaltionalism and only present and discuss news articles.
There is a place for both AFAIC.
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