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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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14 comments:
Sad but true
Excellent blog keith, I just bookmarked you! thanks.
Looks like a broke panhandling former realtor.
Dad!
Is that osama bin laden looking for work as a realtor?
I shouldn't have listened to HP.
Now I feel like a fool with Bernake's put.
Especially when it comes to estimating the true value of a home .... It has become impossible in So. Cal. to estimate the market value of a property.
Visited a house today - listed 1.6 Mil +, realtor estimates 1.2 Mil. will be accepted, suggests offer below that to arrive at sale price (offer approx 1 mil...)
A house with a $600,000 value range ? How do you begin to work with data like that ?
SUZANNNEEE!!
It's a sad image but shows a very real side to this situation. My co-worker spent his whole life building immaculate credit and now he is way over his head and can hardly make his payments and he could ruin his credit. When he gets depressed about it he tells me how guilty he feels for trusting his wife, his realator, his loan officer, he trusted them when they said everything was going to work out, now he is ashamed he wasn't more hands on with the process and really thought they had his interests in mind.
Anonymous said...
October 08, 2007 7:57 AM
"Especially when it comes to estimating the true value of a home .... It has become impossible in So. Cal. to estimate the market value of a property.
A house with a $600,000 value range ? How do you begin to work with data like that ?"
McFly! McFLY!!! Hello!!
Don't even try to figure it out. Don't even consider buying anything for at least a year. Sheez! Why do you come to this blog? Something that inflated has a lot of downside risk. There is no quick turnaround coming. CHILL!!
REALTORS must hate this blog but I bet a few have come to their senses after it's sunk in
Anonymous said...
It's a sad image but shows a very real side to this situation. My co-worker spent his whole life building immaculate credit and now he is way over his head and can hardly make his payments and he could ruin his credit. When he gets depressed about it he tells me how guilty he feels for trusting his wife, his realator, his loan officer, he trusted them when they said everything was going to work out, now he is ashamed he wasn't more hands on with the process and really thought they had his interests in mind.
October 08, 2007 10:05 AM
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When sitting at the modern settlement table:
TRUST NO ONE
QUESTION EVERYTHING
A BUYER'S POWER ENDS THE MOMENT YOU SIGN THE PAPERS
How does the ramen taste?
Baaaawaaaaaaaa
No more dopes to fool.
.
The sign actually reads,
"Where da white wimmin at"?
.
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