November 30, 2007

NBC video on the ripple effect of the housing crash

Boom, bust, boom, bust

Thank you Alan Greenspan. You dick.



Ripple effect of housing decline
Ripple effect of housing decline

6 comments:

Anonymous said...

Merle Hazard is the MAN!

www.merlehazard.com

Anonymous said...

Booms and bust are great as long as you get in and out at the right time. I did that with the .coms and also with housing.

Only people that get hurt are the dumb ones.

Andrew Hac said...

So now Joe6Pack is not making $25.00/hour pounding nail on the roof any more, how will he afford to pay for his brand new shiny Ford F-350 truck and his wife new Expedition ?

Man, Dude, it has got to hurt to be a member of Joe6Pack's family, relatives, or friends.

No more Budweiser now Joe !!!

Paul E. Math said...

'Member when Greenie gave a speech pointing out how much money some people could have saved by taking out an adjustable rate mortgage instead of a fixed? 'Member that?

I laugh to think of it since it was obvious encouragement to take out an adjustable rate mortgage when rates were at record lows. He was telling people that, even though rates have nowhere to go but up, you should take out an adjustable rate mortgage.

I also laugh when I think about the fact that the only reason an adjustable rate mortgage had been superior over the time period he mentioned was because of HIM, because HE had taken rates down, unprecedented, unpredictable lows.

I mean, seriously! What kind of double-talking douche-bag does that kind of shit??

I guess people with fixed rate mortgages are stupid for assuming that the fed chief was competent and sane enough to realize that dropping real rates below zero would create a massive, economy-crushing bubble.

Man, if only we were as wise as Alan Greenspan then we would know what that senile old twit was going to do and acted accordingly!

Anonymous said...

Y2K - The future was bright. My income was sweet. Housing was affordable. America was loved. Gas was cheap. The dollar was strong. Civil liberties were intact. America was not fractured. The rule of law and order was still respected.

2007 - American is hated. The dollar is toilet paper. Your savings for retirement have been stolen and eroded by the elites. Jobs are created in China and India and America's heartland is dead. Illegals run rampant. America is divided like never before. The government is as trustworthy as your neighborhood child molestor. People are leaving America for better oppurtunities and affordable healthcare. The deficit is over 9 trillion.

I never thought life could change SO much in 7 short years.

Thanks GW. You did great.

You destroyed the Republican party in less than 8 years. Other than Ron Paul, I won't vote Republican ever again.

Looks to me like .....the terrorists already have won.

Anonymous said...

Andrew Hac said...

So now Joe6Pack is not making $25.00/hour pounding nail on the roof any more, how will he afford to pay for his brand new shiny Ford F-350 truck and his wife new Expedition ?

Man, Dude, it has got to hurt to be a member of Joe6Pack's family, relatives, or friends.

No more Budweiser now Joe !!!

November 30, 2007 7:47 PM

Andrew you sound like a jealous little kid that other people are successful and you are not. Maybe you don't have money. But other people do!