Does "condo flipper" or "high end luxury loft buyer" have the same stench associated with it now as "day trader" and "pets.com shares owner"?
I'm thinking guys in Scottsdale clubs who introduce themselves to the ladies as a "real estate investor" might get more of a chuckle and smirk than a phone number and smile.
And then there's the $30,000 millionaire fools who took out option-ARM, no-down $800,000 liar's loans mortgages for the "lifestyle" of Optima Camelview, Centerpoint, The Vale, Northshore Tempe etc, who are likely seen as being well on their way to financial insolvency, versus the marketing brochure wine, cheese and leggy models by now.
Yes, photo is from Toll Brothers. Someone should put together a collage of homebuilder stock art photos to go back and laugh at
October 20, 2006
HousingPanic Stupid Question of the Day
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16 comments:
They'll say, "I'm a repo and foreclosure specialist"
Well I bet you are.
Hey, I thought the early 90's were OK. When "grunge" was in and it was cool to be poor.
ha, ha! I love those photos.
You're right, Keith, a huge collage of them (along with a title for each that shows what builder/developer and city each photo was for) would be priceless.
Goodpost Keith here is a fill in the caption pic...Little do they know they are screwed.
http://www.nahb.org/
the girl looks hot. I must buy overpriced $1M condo so I can meet her.
That guy does not have enough testosterone to be on HP.
Hey, Baby...
What's a nice investor like you doing waiting tables in a place like this?
Once the crash really gets underway, those of us who have been prudent with our finances will be able to swoop in and buy their chicks for 10 cents on the dollar...
Lots of financially over-extended scum in Snottsdale, AZ.
Keith,
the Asians in the pic are virtually
non-existent in Scottsdale...probably an L.A. advertisement.
The ad for Scottsdale should show uptight, Republican, Christians from the Midwest. God I hate it here.
I prefer he leggy models with an overbite like your picture shows.
Nice.
Anon said:
"The ad for Scottsdale should show uptight, Republican, Christians from the Midwest. God I hate it here."
I'm with you man...after 11 years, I'm getting the flock out of here in 7 months. Scottsdale, in my opinion, is one of the most over-rated, over-hyped destinations in the US. If anybody wants to experience first hand most of the issues discussed on this blog, spend a few days here.
The people in this town are unlike any in this country and I've been to 43 of our United States.
The Congressman is JD Hayworth a former local sportscaster and boozer..a Bush lapdog who's wife has breast implants and he stomach reduction surgery. Fake people, fake lifestyle, conservative hypocrites jerking off the stupid Republican "base".
Flippers?
Are much worse!
Since most so called real estate "investors" also have an asian woman fetish... this makes sense!
Daytrader's risk less with a 4:1 margin which is relinquished as soon as the trade closes.
HELOCS and flippers have no such ejection button because once no one's buying, one could be waiting a long time to unload.
In addition, a trader knows, within a year or two, if he's in the right profession for him because newbies are eaten alive in a short while whereas in RE, idiots can prosper for a long time until the whole enchilada collapses taking them all out at once.
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