April 05, 2007



Anonymous said...

Roger Waters said it all:

What do you get for pretending the danger's not real?
Meek and obedient you follow the leader
Down well trodden corridors into the valley of steel.
What a surprise!
A look of terminal shock in your eyes.
Now things are really what they seem.
No, this is not a bad dream.

From the song 'Sheep', Pink Floyd, 'Animals'

FlyingMonkeyWarrior said...

That was fun. It reminded me of playing WII golf, except in WII golf you get to the 18th hole. With this ride I kinda wanted to get to the score at the end. It left me hangin, and we still have a long ride down to anticipate.
insert date here :________

Anonymous said...

Great chart!

Anonymous said...

Great graph!

Great ride!

I threw up on myself!

LauraVella said...

I'm sick from just watching the video, but imagine how sick homeowners must feel witnessing the real thing!

Anonymous said...

Awesome, why no splat?

Anonymous said...



I'm riding that it again!

That last drop-off is gonna be ONE HELL OF A DOO-ZEE! Weeeeeeee!!!!

Cant wait!

Anonymous said...

Holy cow.

Anonymous said...

Great, I like the end.

Anonymous said...

OK, I'll be first. I am not one to laugh out loud to videos of any sorts. Thank you very much for the opportunity to change that and truely laugh :) That is the best portrayer I have seen yet! Does anyone see 75% of historic as very likely? Great ride. Yah right....

Anonymous said...

Ryland Expects Loss in 1Q
Wednesday April 4, 7:12 pm ET
Ryland Sees Loss in Fiscal 1st-Quarter, Due to Charge, Lower Sales of Units


CALABASAS, Calif. (AP) — The Ryland Group Inc., a homebuilder and mortgage finance company, on Wednesday said it expects to report a loss in its first quarter, due partly to a hefty impairment charge and lower sales of units.

The company expects a loss between 50 cents and 60 cents per share, for the quarter ended March 31.

That includes a $65 million impairment charge related to assets in Fort Myers, Fla., Phoenix, Southern California and Washington D.C.

Ryland also expects to write-off $15 million in goodwill associated with buying California homebuilder J.J. Brock & Sons in 1986.

Ryland also said its annual effective tax rate has grown to 39 cents from 37.5 percent, mainly due to the goodwill charge, which is nondeductible.

Not including the impairment charge, the goodwill write-off and the change in effective tax rate, the company expects earnings will be between 63 cents and 73 cents per share.

The company said aggressive pricing strategies have persisted in several markets, leading to the write-down of value of several assets.

Preliminary sales for the first quarter fell 26 percent to 2,989.

Shares closed down 65 cents at $41.25 on the New York Stock Exchange.

Anonymous said...

That is awesome.

Scary, but awesome.

ty said...

April 5, 2007 http://query.nytimes.com/gst/
Plywood Found to Decay in a Few Years

A fire-retardant plywood that has
become a standard building material
in town house developments in the
last decade has now been found to
decompose after only a few years,
leaving homeowners and builders
with leaky and unsafe roofs and
large repair bills.
The plywood, called F.R.T.P., for
fire resistant treated plywood, has
been used in the roofs of a million
housing units east of the
Mississippi …

The plywood was introduced after
fire codes were changed in the
early 1980's, just in time for the
long nationwide building boom.
Now that the boom is past, worries
about the plywood come on top
of a glutted town house market,
falling prices, and a rash of
builder bankruptcies. ….

The culprit, according to ...the
Department of Agriculture's
forest-products laboratory, is the
chemical treatment of the plywood
with organic and inorganic salts.

But heat built up on roofs by the
sun's rays - at temperatures as low
as 150 F also sets off the
fire-stopping acidic reaction that
the wood's designers intended to
happen only at the temperatures of
an actual house fire, about 400 F.
The heat and the chemicals attack
the cellular structure of the wood,
weakening it. ….
Before the plywood was introduced
in the early 80's, town house
developments were usually built
with two-foot-high masonry parapets
extending above the roof line
between each house. The new plywood
allowed builders to eliminate the
parapets by using four-foot-wide
pieces of the plywood on either
side of a fire wall. ….every
attached-housing development with
smooth roofs built east of the
Mississippi since the early 80's
probably contains the material.

Anonymous said...

So how will the GF's who bought that $800K McMansion feel when they find out that their neighbors bought a similar house in foreclosure for $400K? This is just like the NASDAQ. The first ones in and out made a fortune. The last ones get screwed. The ones who bought early and didn't sell will lose all their paper gains. Those on the sidelines watch the show and preserve their capital to pick up the bargains.

Anonymous said...


Anonymous said...

I watched it with my 10 year old he thought it was great too..... that ending is a little scary so wwwaattcchhh ooouutt.......

Anonymous said...


CashFLo said...

See? We're at a new plateau. This coaster will never come down, I tell you.

Amber said...

In the 1940's the market spiked over 57%, and sustained that level for 50 years (until the current boom).
I'm not saying there isn't a housing bubble, or that prices aren't going to decline, but if the current sustained upward shift, matches that that happened in the 1940's, the current post peak sustainable level would be around 172.

Anonymous said...

I was waiting for the ride go reach the clouds that whould have been cool