Here's a few for starters:
Benjamin Franklin
A penny saved is a penny earned
Franklin D. Roosevelt
Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.
Mohandas K. Gandhi
Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.
Benjamin Franklin
He that goes a borrowing goes a sorrowing.
Charles Dickens
Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
Henry Ward Beecher
Interest works night and day in fair weather and in foul. It gnaws at a man's substance with invisible teeth.
Josh Billings
Never run into debt, not if you can find anything else to run into.
Benjamin Franklin
Rather go to bed with out dinner than to rise in debt.
February 05, 2007
HP'ers - what are your favorite gems of wisdom that people could use during the housing crash?
Subscribe to:
Post Comments (Atom)
37 comments:
What people are going to learn is manias have painful downsides. And since we don't make things in the volume we once did, our only way out will be to devalue our currency and deminish our quality of life.
"It's God's Will Or Somebody Else's Fault"
MASH (1970)
Trapper and Hawkeye were referring to Frank Burns.
Did Franklin have ANY experience with inflation???
David Lereah
There is no bubble, just a correction.
"Think of debt as you would snakes. Every time you sign off on another loan, imagine letting loose another rattlesnake to slither about your house, ready to bite you at any given moment. And think of a mortgage as a giant Anaconda, waiting to squeeze the life out of you..."
Butch-2007
First Bank Failure Since 2004
From the FDIC: Failed Bank Information
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved the assumption of the insured deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania, by Allegheny Valley Bank of Pittsburgh, Pittsburgh, Pennsylvania.
Metropolitan Savings, with total assets of approximately $15.8 million at the end of the third quarter 2006, was closed today by the Pennsylvania Department of Banking, and the FDIC was named receiver.
This is a very small bank, but it is the first bank failure since 2004.
Metropolitan Savings is the first FDIC-insured institution failure in the country since June 25, 2004, and the first in Pennsylvania since Pulaski Savings Bank, Philadelphia, was closed on November 14, 2003.
----------
And so the Domino effect shall begin...first Sub-Prime then the banks...then your money.
Never a borrower or a lender be.
Shakespeare
and
What goes up, must come down.
unknown
"It depends on what the meaning of 'is', is!
William Jefferson Clinton aka Slick Willie, trying to B.S. like a lawyer to save his worthless ass!
For the love of money is the root of all sorts of evil!
Keep your lives free from the love of money, and be content with what you have.
Hebrews 13:5
Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will be dishonest with much. So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches? And if you have not been trustworthy with someone else's property, who will give you property of your own?
Lk 16
Scare tactics from USA Today
Renters will dig deeper in 2007
Updated 2/4/2007 11:57 PM ET
By Noelle Knox, USA TODAY
Renters be warned: Landlords are expected to raise apartment rents for a third-straight year in 2007, forcing tenants to turn over a growing chunk of their pay and making it harder to save for a home, a report to be issued today by Marcus & Millichap finds.
With the projected rise of 5% this year, rents would be 14% higher than at the end of 2004, the report says. Over the same period, paychecks are expected to rise 4%, adjusted for inflation...
Shameless whores for the REIC. I'm so scared, they're gonna raise rents, forcing everyone to buy, oooow. (Quakes in boots)
"This is the millennium of aftermath, ain't gonna be noting after that." -Dr. Dre
What we do in our dreams we also do when we are awake: we invent and make up the person we are dealing with—and immediately forget that we have done it.
Friedrich Nietzsche
Madness is a rare thing in individuals—but in groups, parties, peoples, and ages it is the rule.
Friedrich Nietzsche
Sometimes it just takes stronger eyeglasses to cure those who are in love—and someone with the ability to imagine a face or a figure twenty years older might perhaps pass through life quite undisturbed.
Friedrich Nietzsche
Check this video clip. A couple accused of real estate fraud suddenly attack the reporter and camera man:
http://housingcrashtv.blogspot.com
All very exciting!
saw a property in NY today, more than 50 down in asking price, a sale in that state still does not lower the neighborhood tax, am thinking of cold weather climate farming again, and probably just before the costs of heating treble
"It's different this time"
-Everyone who's ever gotten killed in the market or business
The recent International Living has down graded U.S. freedom on their index from a 100%, where it has been for 20 years
I would bet anything on the fact that the editors of this publication voted for Kerry and Gore, live in NY and think Michael Moore is a genius. In other words about as relevant an index as a UN "study" that shows Costa Rica has a better health care system than the US.
Yet you baffoons lap it up.
"'This time, it's different' are the four most expensive words in the English Language."
-- Ludwig von Mises
Franklin D. Roosevelt
Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.
So says the thief who stole the gold of the U.S. citizenry in 1933.
responding tp anon 4 07 23
money is the root of all evil
or is it ?
the lack of money thats the root of all evil
Money, in its true form, brings happiness.
It's the lack of it which entails misery.
responding tp anon 4 07 23
money is the root of all evil
or is it ?
the lack of money thats the root of all evil
Neither, according to the Bible:
"For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs." -- I Timothy 6:10
Money is simply a tool to use for good or evil. It is the most seductive tool of all, though, and therefore prone to be misused more than any other.
Money, in its true form, brings happiness.
Money, like happiness, is fleeting. If you're looking to moeny to provide meaning or fulfillment, you'll seek in vain, and your life will ultimately be devoid of either.
"Money, like happiness, is fleeting. If you're looking to money to provide meaning or fulfillment"
Sorry, the need to belong, whether it's to a company (ala company man/corporate serf), a religion (altar boy sycophant or conversely, brimstone preacher/cult of personality), or a sense of an exclusive community (the Americans of X descent are better than Y descent) causes more unhappiness than money itself.
True money allows one to be free of all of the above when applied correctly. In today's world, a Grizzly Adams cannot exist because he'll be evicted from his land/logcabin whereas having that cash will allow one to build a cabin on a low cost piece of land (think upstate NY, not NYC or LA), live within his means, and not pay homage to a fortune 500 to maintain that lifestyle. That's why I believe money brings happiness.
Money can't buy happiness but it can lease it.
A society that does not dole out the proper reward and punishment will fall .
Those quotes relate to sound money, not wasting fiat.
Housing increased at 20% per annum in the UK and Australia before it stalled, but it is now rising again.
The FED will sacrifice the dollar to save the economy. With enough liquidity, the same is likely to happen here. The most absurd prices will drop, but the homebuilder stocks have already started up.
The CPI is a fraud. Real inflation is 8-10%. With high inflation, debt with a multiplier is smart. People are desperate for effective inflation hedges.
The real losers are savers and those paid in depreciating dollars.
There are only two ways to tell the truth - anonomously and posthumously. Thomas Sowell
Aeschylus:
It is easy when we are in prosperity to give advice to the afflicted.
Bill Cosby:
A word to the wise ain't necessary, it's the stupid ones who need the advice.
Abraham Lincoln (attributed):
'Tis better to be silent and be thought a fool, than to speak and remove all doubt.
George Orwell:
In a time of universal deceit, telling the truth becomes a revolutionary act.
Plato:
The price of apathy towards public affairs is to be ruled by evil men.
Hey idiots, It's 'Love' of money is the root of all sorts of evil!!
Not Money is the root of evil!
Money can do many good things!
'Love' of money is the catch!
I get really tired of all the American "Archie Bunker" types that say the U.S. is the greatest but they have never been out of the lower 48! Then if the go to Tijuana, they get scared and run back!
To all those Archie Bunkers out there, you need to get a life and travel. It will open your eyes!
It's not getting what you want, it's wanting what you've got.
Sheryl Crow
Cling absolutely to nothing in this life.
-Buddha
Freedom is just another word for nothing left to lose .
Janis Joplin or maybe another songwriter .
hard assets,
You're an idiot. I know that sounds harsh but if you truly believe that cota rica has a better health care system than the US because it's "free" then you are one.
You are an even bigger idiot if you equate not publishing one's name on a blog with a lack of belief in freedom.
Finally you are the biggest idiot of all if you think "the magazine tells the facts". What facts bonehead? How do you measure a "fact" about how free a country is. It's OPINION you ignorant bastard.
Get a clue.
Post a Comment