Bubbles are for bathtubs. Not.
Post random thoughts, articles that I missed (use tinyurl.com and hit the highlights only), and tell us what's on your mind
January 02, 2008
BUBBLETALK - New thread to talk about the housing crash, mortgage meltdown and Housing Gambler bailout
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401 comments:
«Oldest ‹Older 201 – 400 of 401 Newer› Newest»I just found out Levitz Furniture is going out of business!
Also closing down is Thomasville Furniture and of course Bombay Co.
Alliance Title is closing all offices in California...
Anyone know of any other companies going under?
I have a feeling there is going to be bad news hitting next week at end of year.
Get ready and prepare yourself!
Anon said:"BWA HA HA HA HA HA
Oh man I'd have to be in the shoes of you renting goons this morning. Look for the Dow to touch 14K by end of the week. Santa Claus rally is here fools, get on board or be left behind - as usual."
Alright then, and I'm the Easter Bunny!
Here is a link for those of you who would like to learn more about indexes... (ie; Libor) This website is chock full of nuts with information.
http://mortgage-x.com/general/mortgage_indexes.asp
Anonymous said...
>>>The Fed, which has regulatory powers over the nation's banking system, is considering:
--barring or restricting lenders from penalizing subprime borrowers -- those with tarnished credit or low incomes -- who pay their loans off early.
--forcing lenders to make sure that borrowers, especially subprime ones, set aside money to pay for taxes and insurance.
--barring or limiting loans that do not require proof of a borrower's income.
--setting new standards for how lenders determine a borrower's ability to repay a home loan.
ITS GONNA GET UGLY.
December 18, 2007 9:43 AM
Yep! The FED has the audacity to be blatantly enforcing these reg's NOW! Shouldn't this already have been ESTABLISHED?!?!? What a disgrace...
Southern California home prices fall again; sales perk up
http://www.dqnews.com/
RRSCA1207.shtm
2006 Price Versus 2007 Price
Los Angeles
$517,000 $499,000 -3.5%
Orange
$623,000 $582,750 -6.5%
Riverside
$427,000 $356,500 -16.5%
San Bernardino
$380,000 $330,000 -13.2%
San Diego
$487,000 $440,000 -9.7%
Ventura
$577,500 $521,250 -9.7%
SoCal
$485,000 $435,000 -10.3%
Ron Paul has lost me. His comments connecting fascism and Christianity go too far.
I don't want a president who is hostile towards people of faith.
Period.
If anyone is a fascist, it is Paul and precisely for this kind of comment. He is hostile towards people who do not believe the state is supreme.
Sometimes the government does not have the solution for every problem. Get a clue. It is freedom, not more government, that people want.
Christianity is not the problem, elitists who marginalize people of faith are the real enemies of freedom.
No vote, or money, from me, Ron Paul. Fascist.
Ron Paul video:
http://www.youtube.com/watch?v=mtmVyDUZK3g
Hey keefer's, Click on mortgage debt vs equity.
http://tinyurl.com/2brf4z
fire this morning at the eisenhower executive office building in washington dc. ah....it is nice to have a fire every once in a while. good to get rid of evidence...
Anonymous Girl Guide said...
Ron Paul has lost me. His comments connecting fascism and Christianity go too far.
I don't want a president who is hostile towards people of faith.
Period.
If anyone is a fascist, it is Paul and precisely for this kind of comment. He is hostile towards people who do not believe the state is supreme.
Sometimes the government does not have the solution for every problem. Get a clue. It is freedom, not more government, that people want.
Christianity is not the problem, elitists who marginalize people of faith are the real enemies of freedom.
No vote, or money, from me, Ron Paul. Fascist.
December 19, 2007 10:28 AM<<<
you just don't get it do you? quit drinking that republican coolaid my dear, and maybe you will wake up. i doubt it though. you have a long way to go grasshopper. you say that ron paul has lost you. he never had you, that is the problem.
Hey keeferino, you gotta watch this video!
http://www.youtube.com
/watch?v=m-TLfmLTiqA
(This includes you too shitferbrains)
Girl Guide.
What the fuck are you talking about?
Paul was quoting a quote.
Not read much are you?
"Fascism will come wrapped in a flag carrying a cross."
Think about that for awhile.
Although I doubt you will get the meaning of it...
I don't think Paul's small government, liberty induced message has had a chance to even penetrate you yet; let alone to change your mind back to something else.
Get a clue.
Ron Paul has lost me. His comments connecting fascism and Christianity go too far.
I don't want a president who is hostile towards people of faith.
Period.
If anyone is a fascist, it is Paul and precisely for this kind of comment. He is hostile towards people who do not believe the state is supreme.
Sometimes the government does not have the solution for every problem. Get a clue. It is freedom, not more government, that people want.
Christianity is not the problem, elitists who marginalize people of faith are the real enemies of freedom.
No vote, or money, from me, Ron Paul. Fascist.
December 19, 2007 10:28 AM
RELIGION IS THE PROBLEM!!!! IT always has been from the beginning of time. Social segregation and wars have all been fought in the name of religion.
Keith-
Can you help get some info for all us Bubblesitter renters?
I have no clue what the Hell to do if I come home & find a Foreclosure notice nailed to the front door of my rent house.
What rights/protection do renters have if their Floplord decides to go belly up?
How fast does one have to vacate the property? Do laws vary by State?
Any Lawyers out there?
Want to be ahead of this curve, not behind it!
Thanks-
Renter in NoVA
>Ron Paul has lost me. His comments connecting fascism and Christianity go too far.<
So, sending a bunch of zealots on a "crusade" to kill everyone who does not support the "right" kind of belief is what, in your opinion? Please enlighten us...
Dow down 25 today. I guess Santa didn't get the memo about the rally this week.
The cause of the fire at Cheney's White House compound office has been narrowed down to an overheated shredder or an accidently discharged firearm.
Yes, I know it was a quote that Ron Paul was referring to. Paul said this himself, and I didn't think I had to repeat it for all you acolytes on this site.
Not well read? Well, I know how to spell Kool Aid. So I have one up on some of you.
I was referring to the implication that Huckabee is a fascist because of the image of the cross in his ad. That is what he meant, isn't it? The image of the cross = fascism?
The remark reveals more about Ron Paul than it does about Huckabee. Smug. Arrogant. Dismissive. Just what we need in the White House. Someone who thinks people are near-fascists if they believe in the message of the cross. By the way, heathens, it is salvation, not fascism that the cross advertises.
Re: "RELIGION IS THE PROBLEM," Where did you learn this brilliant bit of quasi-history? Let me guess. In a government school? Yes, let's all trust the government to teach us the truth.
Anonymous Girl Guide said...
Yes, I know it was a quote that Ron Paul was referring to. Paul said this himself, and I didn't think I had to repeat it for all you acolytes on this site.
Not well read? Well, I know how to spell Kool Aid. So I have one up on some of you.
I was referring to the implication that Huckabee is a fascist because of the image of the cross in his ad. That is what he meant, isn't it? The image of the cross = fascism?
The remark reveals more about Ron Paul than it does about Huckabee. Smug. Arrogant. Dismissive. Just what we need in the White House. Someone who thinks people are near-fascists if they believe in the message of the cross. By the way, heathens, it is salvation, not fascism that the cross advertises.
Re: "RELIGION IS THE PROBLEM," Where did you learn this brilliant bit of quasi-history? Let me guess. In a government school? Yes, let's all trust the government to teach us the truth.
December 19, 2007 11:00 PM<<<
girl guide....
go back to the neocon republican blog you are allowed to post on and tell them.....
Valdez is coming....
There were 201,950 foreclosure filings in November, including default notices, auction letters and bank repossessions.
California's 39,992 filings in November.
California, the most populous U.S. state and the most expensive real estate market, had five cities whose foreclosure rate was among the top 10 in the nation.
Stockton ranked first with one filing for every 99 households, Modesto was second with one for every 104 households and Merced was third with one for every 106 households. Vallejo-Fairfield ranked sixth and Riverside-San Bernardino was ninth.
http://www.bloomberg.com/apps/
news?pid=20601103&sid=
aUJXYsY4gpKQ&refer=us
http://www.whowouldtheworldelect.com/
The World would elect Ron Paul.
Vote and view at the link above.
"Southern California home prices fall again; sales perk up"
There is some good in this. This means that the people buying now will only LOSE 30+ percent of their house's "value" when this thing hits bottom.
It's the price, stupid!
I heard some really stupid sh!t on the radio today (WTOP if you care about the station). They were talking about a new report that shows that the number of foreclosures went down by a double-digit percentage between October and November of this year. They did mention that the foreclosures might pick up again, but that interest rates are still low and it might be a good time if you have money and good credit to buy a house. They also posed the question "is the housing market finally turning a corner?" or something like that.
Two things really bothered me about this. One, even if foreclosures dropped to zero, the damage is already done! Those foreclosures are already part of the increased inventory. The media needs to understand that it's not the # of foreclosures per month that are a big deal, but the total inventory that already exists. I'll bet when the # of foreclosures per month goes down when we finally do reach bottom (could be a few years away), they'll act like everything is great again for the housing market, forgetting about the huge inventory that already built up.
The second reason is that the primary reason that people aren't buying houses is that the PRICE relative to income is still TOO HIGH! It doesn't matter if foreclosures drop or if interest rates are too low. Stop trying to convince people to buy overpriced real estate based on erroneous reasons!
PRICE/INCOME RATIO (a.k.a. AFFORDABILITY) needs to be good for people to reasonably buy real estate. Not low interest rates, not rate of foreclosures, or any other stupid reason!
What a difference a year makes!
http://tinyurl.com/36yhpp
jim cramer was on glenn beck tonight. two of my favorite people discussing the economy. beck told him that a lot of people are telling him one thing off the air and then when they go on the air they say something different. aw, you think glenn? no way pal. cramer is not the person to be asked about this, since he does the same thing. cramer said, that the only part of the economy that he is worried about is the housing sector. imagine that. jimbo lying out the side of his mouth. the stock pumper , pumping this bogus economy and the bogus stock market to the end, to squeeze as much money as they possibly can out of any unsuspecting victims and fools...
A recent Pual Krugman article is very good. Why is it that a socialist understands this but none of the cnbs a-holes do?
http://tinyurl.com/2xmrqx
Great series of articles on Bloomberg.com about how subprime securitization started, shady loan originators, hedgefunds who made money playing the downside, and rating agency's missing the ball...
http://tinyurl.com/36gr8h
http://patrick.net/housing/contrib/collapse.html
We know its going to happen, but when?
2008, 2009, 2012?
The news you've been waiting for:
S&P Cuts Alt-A Mortgage Bonds; Analysts Warn on Prime
http://www.bloomberg.com/apps/news?pid=20601009&sid=a891s97DJR1E
Ok, here's what I'm researching today because I'm curious. In yesterday's WSJ, there was an article about Fair Isaac "revamping" it's credit score system.
The article claims that the new method of calculating scores will change the credit scores of many. I am so curious as to how this will affect the current problems in housing. Has anyone researched this?
For the past few years, every time I've ducked into creditboards.com, it's been filled with people that run up a bunch of debt, declare bankruptcy, and then coach each other on how to raise their credit scores again. It's also been FILLED with brokers and "mortgage professionals" giving advice. What I'm hoping is that it will be harder for people to play the new FICO system and that people will finally have to start taking responsibility for financing their stupid crap instead of paying for it.
Keith- would love to see your comments or read other analysis about this.
GIRL GUIDE -
You are completely bastardizing the quote; including, the context and meaning of it.
I'm not sure what they taught you in PRIVATE SCHOOL.
However, I can assure you that:
"FASCISM will come wrapped in a flag and carrying a cross."
MEANS:
Watch out for people who calls them self the only "true" patriot; in addition, this person will say that they are from God; or of God. This person means to do YOU Harm; or bring about change that they can only bring about if you are blind to it; due to your blind obedience to the flag OR religion.
Now; think about that with your PRIVATE SCHOOL BRAIN. IT does not sound like Paul is belittling religion; for he himself is a devout Christian. IT sounds to me like he is saying watch out, for someone may be doing this to YOU!
I find it funny that you take it personally as it has no such meaning whatsoever in that regard.
PLEASE TAKE YOUR PRIVATE SCHOOL EDUCATION and use it!
Ok, here's what I'm researching today because I'm curious. In yesterday's WSJ, there was an article about Fair Isaac "revamping" it's credit score system.
The article claims that the new method of calculating scores will change the credit scores of many. I am so curious as to how this will affect the current problems in housing. Has anyone researched this?
For the past few years, every time I've ducked into creditboards.com, it's been filled with people that run up a bunch of debt, declare bankruptcy, and then coach each other on how to raise their credit scores again. It's also been FILLED with brokers and "mortgage professionals" giving advice. What I'm hoping is that it will be harder for people to play the new FICO system and that people will finally have to start taking responsibility for financing their stupid crap instead of paying for it.
Keith- would love to see your comments or read other analysis about this.
===================================
Anon, the FICO scoring change is meant to curb the type of fraud that was rampant during real estate boom by methods of adding 'clients' onto a long established credit line. For example, company "Sheister" has a few credit card accounts with premium credit standing. Sheister then adds client "Suzanne" onto the card as authorized user, therefore, the credit history of Sheister's premium long-standing credit reflects on her credit report.
This has been happening for awhile to boost fraud clients' scores and that's the only thing FICO change is supposed to address, as far as I know but it'll be a good one and well justified.
http://tinyurl.com/38rmop
what is basically a rebellion has broken out on the dakota sioux reservation. the first of many i might add. they have been screwed around and are tired of taking it in the shorts. i support this rebellion fully and completely. there will be more. God bless the insurgent and the renegade.
Anon @ December 20, 2007 4:50 AM. Nice story. I think it can be best summed up with this statement: Party is over!
LOL
Lavish parties fall victim to slump
OK, Keith, go ahead are read this:
http://www.cnbc.com/id/22343660
then verbally b1tch slap this guy in one of your own "Keith Olbermann - Special Comments" posts!!
Pls use keywords "Stupid MSM", "Incompetent MSM", "Self Defeating Fools"
Dopes, Blowfly, and the rest of you BULL market S@@TTERS can go and start your own blog.
Hey you dumbass imbecile renter dipshit. If stupidity would hurt, you'd be screaming like a banshee all day long.
Living on moma's sofa, residing in 1BR shit holes and squatting under bridges. Does that Big Mac you found in the trash can taste mighty fine bubba...dunnit?
White red-neck rental trailer trash!
mon Dieu!!!
http://tinyurl.com/3aobo5
Dow's up 7 points. The Santa Claus rally is in full affect! 14k is in the bag tomorrow! Everything is going to be ok!
BWA A HA HA HA HA
some crash
Oracle kicks ass, nasdaq up huge
enjoy your 4% CDs losers
Wonder which one of these losers is an HPer...probbaly all of you
http://www.flickr.com/photos/ronpaul2008/
1868578328/in/photostream/
Hey blowfly- hows the market treating you? Goes up one day, and down the next,and getting closer to 13k than 14k.
What happened to that Santa rally?!
BIG_J said...
Girl Guide.
What the fuck are you talking about?
Paul was quoting a quote.
Not read much are you?
"Fascism will come wrapped in a flag carrying a cross."
======
Dr. Moron misquoted the quote. Sinclair never said that. It is one of those quotes that was made up somehwere along the way and attributed to him. Dr. Moron is so unread he doesn't know that. Just like he thinks the Shia control N. Iraq when in fact the Kurds do.
Dr. Moron wouldn't get my vote for hall monitor let alone prez.
Thank god very few of you idiots exist who willvote for him.
foreclosures down 10% last month, amazingly enough it is ignored by KEEF and the rest of you renting babboons.
girlguide said...
>>>Smug. Arrogant. Dismissive. Just what we need in the White House.
December 19, 2007 11:00 PM
Uuummm, girlguide isn't that EXACTLY the character of the man who is suppose to be our Leader?!?!
girlguide said...
>>>By the way, heathens, it is salvation, not fascism that the cross advertises.
December 19, 2007 11:00 PM
My gosh! You self-righteous people NEVER change do you?!?! Your type of people are the worst hypocrites of all time.
If Jesus were to return today, He would be quite ashamed of all of you for NOT following His teachings as HE taught them and NOT how you would like them to be.
...nasdaq up huge
Wha? NASDAQ went nowhere on Dec 20th. If you're going to troll, jeez, pick something better than sad old NASDAQ.
Hey you dumbass imbecile renter dipshit. If stupidity would hurt, you'd be screaming like a banshee all day long.
Living on moma's sofa, residing in 1BR shit holes and squatting under bridges. Does that Big Mac you found in the trash can taste mighty fine bubba...dunnit?
White red-neck rental trailer trash!
Anyone here want to take a guess as to what is the IQ of blowfish? I say about 81 whereas DOPES had about an 85.
And, the bonuses keep coming. Clark Griswold (Chevy Chase) would be proud.
http://news.yahoo.com/s/ap/20071221/ap_on_bi_ge/wall_street_bonuses
Blogger TM said...
...nasdaq up huge
Wha? NASDAQ went nowhere on Dec 20th. If you're going to troll, jeez, pick something better than sad old NASDAQ.
December 21, 2007 9:54 AM
-------
NAZ was up over 1% on 12/20 dumbass
Hey blowfly- hows the market treating you?
Rentards such as yourself and shit for brains living in 1BR shit cans just don't get it. This is an OWNERSHIP not a DIPSHIT society. Owning a home brings plenty tax benefits. Renting subtracts from your credit score.
Ahhh, why am I wasting my time with imbecile jackass meatheads? My advice, head south and join the peons who subsist on renting, working and barely eating. WE WANT TO GET RID OF ALL OF YOU!
quote: White red-neck rental trailer trash!
In my neck of the woods, we would consider that as a compliment. BUT, don't you go sayin' anything about me sleepin' on my "moma's sofa"! I had to work real hard to pull that sofa out of the county landfill.
Anonymous Anonymous said...
Blogger TM said...
...nasdaq up huge
Wha? NASDAQ went nowhere on Dec 20th. If you're going to troll, jeez, pick something better than sad old NASDAQ.
December 21, 2007 9:54 AM
-------
NAZ was up over 1% on 12/20 dumbass
December 21, 2007 1:56 PM
==================================
And NAZ is up 1.5% today. Hey look I made almost as much money in 2 days than you tools made all year keeping your money in a money market account.
This is a great story about a family who's home is being foreclosed.
http://latimesblogs.latimes.com/laland/2007/12/a-vacation-a-ne.html
ABC Prime Time TV Drama on Subprime, starring James Spader.
Heh-heh-heh
Let's Kill All the Bankers: Subprime Renegotiation
Quotes:
"If Shakespeare were alive today, he might say, "First thing, lets kill all the bankers."
"What happened to the housing market was unforeseeable."
"...even drug dealers have turned to mortgage lending."
NASDAQ closed at 2640.86 on 12/20, vs 2601.01 the day before... in my opinion that's going nowhere.
And here is NASDAQ in all it's awesomeness over the past 6 months:
http://finance.yahoo.com/q/bc?s=%5EIXIC&t=6m
But let's make this fun. Grow a pair and give yourself a name, and then really teach me a lesson and make fun of me as the NASDAQ continues to go "up huge" after new years.
girlguide said...
>>>By the way, heathens, it is salvation, not fascism that the cross advertises.
December 19, 2007 11:00 PM
My gosh! You self-righteous people NEVER change do you?!?! Your type of people are the worst hypocrites of all time.
If Jesus were to return today, He would be quite ashamed of all of you for NOT following His teachings as HE taught them and NOT how you would like them to be.
HAHAHAHAHAHAHAHAHA - Jesus return -HAHAHAHAHAHAHAHAHA
Thanks I needed that :) You obviously have not studied religion in any depth...
Are you watching the Santa rally you dumb-ass vacant stare renter? You see when the day is over all of us are going home to our cribs taking a bath in my jacuzzi, watching my 50" flatscreen, relaxing with my fine lady and a glass of Krystal champagne while you retreat to your 1BR rental shit-hole smelling the moldy carpet and watch the cockroaches scurry under the 40 year old range.
Renting is the most idiotic thing anybody can do. It's like wiping your ass with money and is a statement that you're a dumb moronic retard.
Are you watching the Santa rally you dumb-ass vacant stare renter? You see when the day is over all of us are going home to our cribs taking a bath in my jacuzzi, watching my 50" flatscreen, relaxing with my fine lady and a glass of Krystal champagne while you retreat to your 1BR rental shit-hole smelling the moldy carpet and watch the cockroaches scurry under the 40 year old range.
Renting is the most idiotic thing anybody can do. It's like wiping your ass with money and is a statement that you're a dumb moronic retard.
December 21, 2007 6:41 PM
Why is it moronic numb nuts? You can't take the fucking house with you when you die - so its a moot point. Your just pissed because you smell shit, better check your pants, from the coming shit storm.
Remember NovaStar Financial, one of the last of the remaining subprime shops? Its co-founder, chief executive, and chairman Scott Hartman is resigning, along with their senior vice president and chief financial officer. Founded in 1996, the publicly traded real estate investment trust recently sold its $15 billion servicing portfolio to Morgan Stanley for $175 million in cash. NovaStar is no longer funding subprime loans and, like many nonconforming funders, has laid off most of its production staff.
Renting is the most idiotic thing anybody can do. It's like wiping your ass with money and is a statement that you're a dumb moronic retard.
-----------------------------------
Have you ever rented a place before at any time in your life?
Blowfly,
I'm actually renting a $1million house that has a tax bill of $10k a year . . . all for $2500 a month. If I had bought the same house, the interest payment alone would be $5k a month, plus another $1k for tax, water and insurance. All money that I'd never see (no principal payment included in that number). Besides the $2500 a month rent that I pay, I have been socking away additional $3500 a month in assets that far outperform the housing market . . . that's $3500 per month free money that would have gone into interest, tax, water bill and property insurance.
http://tinyurl.com/34ysl4
Dow still nowhere near its all-time high, gold and oil up agian. Finanicials tanking and being bought out by Asians and Arabs. But people are buying game systems so I guess it's not all bad eh? Better luck next time trolls.
SIV is DEAD!!!
Burn Baby Burn
Now the SIV that was going help with the subprime mess has failed!
What's next?
Now that the SIV superfund has failed, what's next? When will we exit this credit morass?
Now we are teetering on the edge of a recession. How on earth can this real estate downturn be over before 2010?
girl guide....
go back to the neocon republican blog you are allowed to post on and tell them.....
NEO-CON? You can't mean me.
The Neocons are those who are horrified that Huckabee could get the nomination. Rush, Coulter, Noonan, etc., ad nauseum. The more the main-stream Republicans are against Huckabee, the more I like him.
Paul said Huckabee's ad reminded him of a Sinclair Lewis quote about fascism. Well, Paul's remark has reminded me of a quote from Shakespeare's, The Tempest:
"Hell is empty and all the devils are here."
DOW JONES 1980: 800
GOLD 1980: $800
DOW JONES TODAY: 13,500
GOLD TODAY: $800
Any questions?
Anonymous said...
>>>Thanks I needed that :) You obviously have not studied religion in any depth...
December 21, 2007 6:31 PM
That is my point precisely… Religion has always been used as a means to control the masses.
Spirituality, discovering your higher self, awareness is what the RIGHT doesn’t want you to achieve!
The "Super SIV" is dead. Yay!
(NYTIMES)
http://tinyurl.com/224g9s
Jesus is the SON OF MAN, NOT the SON OF GOD. Say not, 'Trinity.' Desist!
http://islam.about.com/cs/jesus/f/
You sons of pigs are following the wrong path!
You sons of pigs are following the wrong path!
Damn! We're following the wrong path? Ok then, give me some dynamite to strap to my body so I can follow the right path. BWAHAHAHA
The pattern is cropping up in communities across the country, like Cleveland, Ohio, where Mark Wiseman, director of the Cuyahoga County Foreclosure Prevention Program, said there are entire blocks of homes in Cleveland where 60 or 70 percent of houses are boarded up.
"And it's not just a problem of a neighborhood filled with people squatting in the vacant houses, it's the people left behind, who have to worry about people taking siding off your home or breaking into your house while you're sleeping."
http://tinyurl.com/ywltfr
Build a wall down W.117th, drive the section 8 voucher maggots out of Lakewood with torches and pitchforks, and shoot first ask questions later anybody who tries to cross.
It is a nice sounding theory that when you separate the Christian Church from the state, you get stability, but it does not pass the common sense test.
For instance, I know it is the first words out of any atheist mouth when you try to talk with them about Jesus, “Explain the Inquisition," and “Look how evil the church was!" and "Look what they did in the name of Jesus!"
It is true that about 500 years ago, Christian fanatics killed about 10,000 people over a 100 year time period (about 100/year) in the name of the Roman Catholic church. It is a shame on the record of an organization that claims to be promoting the ministry of Christ. Now compare this record to the example of the countries that have officially done away with religion. To the countries that have outright banned religion and imprisoned those who try to practice it (the ultimate test of the theory of separation of church and state).
Yes, I am talking about Communist countries. In the Communist Manifesto, Engel and Marx declared, "Communism abolishes all religion." In my father's lifetime, the numbers of people that officially atheist countries have murdered in the name of no-religion is staggering; the USSR slaughtered 20 million, China slaughtered 10 million, Communist Cambodia slaughtered 2 million, Communist North Korea has/continues to murder untold numbers, Communist Cuba has/continues to murder untold numbers, the list goes on.
The grand total is over 50 million dead in the last 80-year time span (over 600,000/year). Even comparing the worst time of "Christian Persecution" to an average time of a just one country that has officially and forcefully separated church and state, the conclusion is obvious: Christianity has a huge calming influence on government.
Pope Benedict XVI said it in his speech in Regensburg - violence in the name of religion is inherently irrational (as well as evil).
Atheists and narcissistic people like Elton John, love to hark back to the dark days of Christian sectarian violence, but it is Christian Europe with its underpinnings of Judaic law that brought forth western civilization. The bad is infinitesimal compared to the good in western civilization. We had better resolve to defend it.
The death of Christianity would bring forth the worst in humanity including gay people like Elton John having no protections whatsoever. He would be the first to be singled out for extermination if his idiotic wishes were to come true.
Marky Mark
Look at what Peter Schiff says at europac.net (latest inflation/deflation comment), in short:
Because there is no more gold-standard constriction for Fed (in printing money), there will be monetization of current insolvency.
The rest of his article explains what it means in practical terms: Fed will stop lending money, and start GIVING money. This is designed to save financial system and wipe off national and foreign debt.
Final word from Schiff's article: housing prices will be supported by this, and food/items prices will skyrocket.
Only gold will perform in his opinion. However, US gov is known for erecting legal barriers for gold and I'm convinced it will do it again.
There doesn't seem to be much hope for buying affordable housing any time soon.
Anonymous said...
>>>Jesus is the SON OF MAN, NOT the SON OF GOD. Say not, 'Trinity.' Desist!
http://islam.about.com/cs/jesus/f/
You sons of pigs are following the wrong path!
December 22, 2007 4:17 PM
Okay extremist... By all means, you are entitled to believe whatever you want to believe. That is why God gave us all free-will.
However, it would be a nice change if people like you would simply respect others with different beliefs and NOT impose your belief's on the rest of the World.
Awesome - and I mean AWESOME article. It has everything in it:
This Is the Sound of a Bubble Bursting
http://www.nytimes.com/2007/12/23/business/23house.html?pagewanted=1&_r=1
Marky Mark
Title this one,
"Tits Up in Las Cruces"
http://tinyurl.com/3a4qxz
LOL
Kieth & Hp'ers; check out this utube, staged reality shows fake home sales for the camera A&E - FLIP MY FORECLOSURE SCAM PART 1 http://www.youtube.com/watch?v=3aG5G38GzhU&feature=related
2007 California Housing Crash http://www.youtube.com/watch?v=8bzabOjB9lg&NR=1
SON OF MAN?
Don't you mean the son of woMAN, Mary????
Doh'
Wow, Florida is going t!ts up
Wow, blowfly is spewing venom like a cobra.
Is Genetic Engineering the next dotCom
http://www.sciencedaily.com/
releases/2007/12/071218154220.htm
An international team of researchers led by Mayo Clinic have designed a technique that uses the body's own cells and a virus to destroy cancer cells that spread from primary tumors to other parts of the body through the lymphatic system. In addition, their study shows that this technology could be the basis for a new cancer vaccine to prevent cancer recurrence.
http://www.sciencedaily.com/
releases/2006/10/061030143318.htm
Harnessing The Measles Virus To Attack Cancer
Mayo Clinic Cancer Center has opened a new clinical study using a vaccine strain of the measles virus to attack recurrent glioblastoma multiforme, a largely untreatable brain tumor. This is the second of several pending molecular medicine studies in patients using measles to kill cancer.
Two unemployed guys, in their 60s, cashing-out 600k from one house, crying for help - what do you think ??
http://tinyurl.com/2rzc6s
This mozilo video is hilarious!
http://tiny.cc/sxLXn
First time poster here...
I've been lurking for a few weeks now, and wish I had known about this site a few years ago.
The housing bubble cost me my family and my country, I'm now leaving the US and heading to europe. Here is my sob story...
Jason, an old high-school buddy got his real estate license back in '05 after selling used cars since the mid 90's.
Out of the blue a few year ago, he knocked on the door to my family's appartment. In a couple of hours over a few beers, he convinced my wife Katie & I that if we did not buy now, that we would be poor renters for life.
He showed us graphs of skyrocketing property prices; and told us that his firm could get us special financing that would make "owning" cheaper than renting.
So Katie and I, after looking at several homes made an offer on a 1450 sq. ft. 3 bedroom ranch in Southern CA. Jason convinced us that $589,900 for our house was a steal and that we could sell at anytime in the future with a large profit of at least $100K after 1yr.
Our house is now in the final stage of foreclosure. Jason won't return our calls.
Paul, who also graduated High school with us, told me last summer that Jason was bragging that he personally made $9K in commission off of my purchase.
The worst part is that Katie now want's a divorse, because we lost the $60K that her mom and dad (gave/loaned) us for the downpayment. They signed papers for Jason stating that it was a gift so we could get the mortgage; but in reality they wanted the money back when we sold or re-financed the property.
For months now, my mother-in-law has been calling Katie and bad mouthing me for being so stupid... she has convinced her that I am not good enough for her and has been pushing for a divorse. My mother-in-law wants Katie and my three kids to move in with them, so she can take what-ever child-support the court orders from Katie as room & board (effectivly getting back her $60K out of my ass over time).
I told Katie that if she files for divorse, that I'm going to skip the country to avoid being made a court-ordered peon to her and her mother for the next 17 years. I told her that I will help support my kids on my terms; but not on her mother's or some judge's terms.
This was working for the last three weeks after Katie talked to her divorse lawyer and he confirmed to her that American Courts can't enforce child-support payments from abroad.
But he told her that If I were to fall behind on court ordered payments then I would be barred from leaving the USA.
Last night, we had a big fight (it started like it always does after she gets off the phone with her mother); anyway she told me that her mother talked to an attorney and found out that I needed a passport to leave the country. She also said that the law won't let me leave if I owe child support payments.
Today, when I got home from work her and the kids were gone. She took all the kids clothes, toys and even the crib. I called and talked to her mother, who confirmed that she had moved back in with them and then hung up on me.
I'm busted. Everything was financed. I stopped paying the bills last month and have raised $8500 in cash from selling off most of our home furniture at giveaway prices last week. If Katie would have stayed with me, I was going to use the money to get us an apartment when they kicked us out of the house (something I expect to happen sometime in Feb '08.)
I hate to leave my kids, but I figure I won't get to see them much anyway with them living at my mother-in-law's house.
I never told Katie, but my employer paid for my passport in October so I could attend a technical semminar in Ontario during the 2nd week of January.
I've been thinking about my escape plan; selling everything that I own and walking away from what I don't and going to europe to start over from scratch.
I have my paychecks on direct deposit, so I will get my last paycheck while in Onterio. I'll use my debit card attached to the account to drain my paycheck out while in Canada; then I'll purchase a one way ticket to somewhere in the UK.
So long America home of the slaves.
P.S. Thank god for the internet; as I have already setup two interviews in the U.K. Just part of my backup plan that is now getting executed.
To the last poster
http://www.nomarriage.com/
G.E. to Buy Several Merrill Financing Businesses
Merrill Lynch, in an effort to raise cash amid mounting mortgage losses, agreed Monday to sell the majority of its capital finance business to General Electric for an undisclosed amount.
The deal will allow Merrill to reallocate about $1.3 billion of capital into other parts of its business, John A. Thain, the investment bank’s chief executive, said in a statement. Merrill, which has already announced billions of dollars in write-downs, is expected to announce a second consecutive quarterly loss next month.
Reports last week said that the investment bank was seeking up to a $5 billion capital injection from Temasek, the Singapore government’s sovereign wealth fund. If it secures such financing, Merrill would be following in the footsteps of rivals like Morgan Stanley, Citigroup and UBS.
Merrill Lynch Capital will sell its corporate finance, equipment finance, franchise, energy and healthcare finance units to GE Capital. Merrill Lynch Capital, which is based in Chicago, will keep its commercial real estate finance business.
The deal will add more than $10 billion in assets and $5 billion in commitments to GE Capital’s existing $260 billion in assets, the two companies said in a statement. It is scheduled to close in the first quarter of 2008.
China stops buying Treasuries. Game over.
link
"Ron Paul on the cause and solution for the housing bubble"
(Excerpt from the Eggs and Politics Breakfast in NH on 12/19/07)
http://www.youtube.com/watch?v=99ed8reuX5I
Alex3191,
Two unemployed guys, in their 60s, cashing-out 600k from one house, crying for help - what do you think ??
We think they were Hall of Shame material, that's what.
To Anon: I'm sorry to hear of your sad story. It's too bad your MIL is driving a wedge between you and your wife and children.
I don't know quite what to say, but this so called friend of your Jayson, is a coward, who can't even return your calls-is just a rotten person...
I wish you the best, and hope that your situation works out for you-it sounds like you have a plan already.
Best of luck.
Bear Stearns Mortgage Unit Accused of Predatory Loan Servicing
Dec. 10 (Bloomberg) -- Bear Stearns Cos., the second- biggest U.S. underwriter of bonds backed by mortgages, and its EMC Mortgage unit were accused of predatory loan servicing that particularly harmed Hispanic and black borrowers.
``EMC routinely and systematically mismanaged Hispanic and African Americans' mortgage loans by charging them unauthorized fees,'' four minority borrowers said in a complaint filed today in federal court in Connecticut. ``Many borrowers were trapped into a downward spiral ending in foreclosure.''
EMC Mortgage, based in Lewisville, Texas, is a Bear Stearns unit that specializes in buying and servicing troubled mortgages. U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers failed to make higher payments on adjustable-rate mortgages, Irvine, California-based RealtyTrac Inc. said Nov. 29.
The plaintiffs, who seek class-action status for their complaint, accuse Bear Stearns and EMC of violating the U.S. Fair Housing Act. They seek unspecified damages.
Renu Aldrich, a spokeswoman for Bear Stearns in New York, didn't immediately respond to voice-mail and e-mail messages after business hours.
The case is Scott Rodriguez v. Bear Stearns, 07-1816, U.S. District Court, District of Connecticut.
BWA HA HA HA HA HA HA HA HA
Stocks markets soar once again.
Keep stuffing the $5 bills under the mattress while dreaming of a Ron Paul communist revolution.
Not dopes, not morons,
IMBECILES
Are some markets immune from the crash? This Realtor thinks so:
2039 Impressionist Wy
El Dorado Hills, CA 95762
Built in 2007, Sold in 2007 (to a Real Estate "professional", up for sale in 2007!
The owner is a realtor...I know they put in a pool and fancy backyard landscaping, How can I find out how far underwater this property is?
listed at 865k I think it sold for 740k but not sure.
Will this flip work? Lets watch and see! EDH is immune to the the pop they say...
Never hold discussions with the monkey when the organ grinder is in the room.
Winston Churchill
Cats and monkeys, monkeys and cats, all human life is there.
Henry James
To the guy (anon) with www.nomarriage.com - GOD BLESS YOU CHILD, I'M HOOKED !! you really made my Christmas day ... besides that, I'm connecting the dots : HP - video ad with harpy/wife ("you guys can do it") - nomarriage.com ...
MERRY CHRISTMAS !
Subprime Securities Market Began as `Group of 5'
http://tinyurl.com/ywskeu
"...Representatives of five of Wall Street's dominant investment banks gathered around a blonde wood conference table on a February night almost three years ago. Their talks over take-out Chinese food led to the perfect formula for a U.S. housing collapse.
The host was Greg Lippmann, then 36, a fast-talking Deutsche Bank AG trader who aspired to make mortgage securities as big a cash cow for Wall Street as the $12 trillion corporate credit market..."
El Dorado Hills....
homes built there in a country club community were not built up to code for gail force winds in the area.
Hundreds of homes were not built according to Elevation C standards.
Also, there is something about radon in the topsoil??? A story about this was on the news last year. The dirt is contaminated, and people are afraid to garden or let their kids play softball.
Why do you people even care anymore? It's obvious the whole country is on its last legs. Who cares if the middle class gets crushed. Good riddance. They're a bunch of worthless obnoxious Walmart junkies. They're the ones who advocated for this garbage, and they can eat it. The rest of the world doesn't care if the middle class goes to hell. I don't.
Indeed +1 for www.nomarriage.com. I wish I'd read it years ago before I made that horrible mistake of getting married.
Nice Timing
http://tinyurl.com/yw2wsu
Good article from the Sunday Times (yikes!) on how sovereign wealth funds are bailing out the banks. Makes the point that US banks in particular are going to need a lot more 'infusions'.
The concept of these funds is dodgy enough. But this caught my eye at the end, where the oppressive Chinese authorities seem to be giving a lead on setting up a bank-police state:
"And government links can bring advantages. Bank of China has struck a deal which, in effect, out-sources the job of chasing up credit-card customers who fall behind with repayment. The people who do the chasing are the Chinese police."
The boys in the west will want some of that action in their domestic markets.
http://tinyurl.com/268u3c
Retailers are opening earlier, closing later, and practically giving shit away and they still not make their already modest sales goals.
http://tinyurl.com/yr2djv
Indymac announces additional restrictive guideline changes, especially in the state of Florida . They adopted (in all states) the 5% reduction in LTV in “declining markets”, including those identified by Fannie Mae DU as "being located in either an area of declining home prices or in an area where it may be difficult to assess home values." For Indy’s loans in Florida they are requiring full doc only, Second Home and Investment Property transactions are limited to a maximum 60% LTV / CLTV, and for primary residences the maximum LTV and CLTV otherwise available for the transaction type must be reduced by 5%.
BWA HA HA HA HA HA HA HA HA
Stocks markets soar once again.
Keep stuffing the $5 bills under the mattress while dreaming of a Ron Paul communist revolution.
Not dopes, not morons,
IMBECILES
December 24, 2007 6:45 PM
Finally someone posts something intelligent on this moron blog. YESSS!!!!! Imbeciles, brain-dead renters, this is it the game is up. You'll be spending the rest of your life on that stinking thrift shop sofa in your rented efficiency shithole dreaming the Blowfly dream. You were part of the middle class? Hahahaha!!!!! Now you'll be part of the scavenging lowlife scumbags, lining up at soup kitchens and soon you'll be joining your buddies under the Causeway for some fine 1 gallon swill. Ron freaking Paul can't even wipe his own ass let alone lead the country.
BLOWFLY FOR PRESIDENT!
Nice article on housing price decline by NYT today...finally...some MNM coverage of NYC housing prices. Now hopefully my "housing always goes up" family and friends will have something else to chew on:
http://www.nytimes.com/2007/12/26/business/27home-web.html?ref=business
Nothing surprising here...
America's Housing Troubles Won't End with 2007
December 26, 2007
With the collapse of the housing market, many economists are warning that a recession has become more likely. Gone are the days when homeowners flush with rising equity buoyed the economy with confident spending.
...
"People are not spending as much money as they have in the past," Alves said. "If you look at our core products — roofing, siding — [they are] down about 30 percent."
...
...millions of people are in adjustable-rate loans that have big jumps in their monthly payments built in. Mark Zandi of Moody's Economy.com says when it's all added up, there will be 750,000 foreclosures in 2007.
Looking forward, he said, "I think we're in store for at least a million lost properties in '08."
Dow up 2 points today. What do all the doom and gloomers have to say now?
"Dow up 2 points today. What do all the doom and gloomers have to say now?"
Can I get an A-men brothers and sisters!!!
Dow up 2 points today. What do all the doom and gloomers have to say now?
Big Deal!
OK, so things are kinda bad, and will probably get worse and stay crummy for a long time.
However, are they really that bad and is going to get extremely bad?
Isn't there still a very long way, time and conditions to go before superbad?
http://www.infratrans.gov.ab.ca/2760.htm
Interesting post from another blog:
Think of all the luxuries that we have now and will do without when we are forced to pay down debt..
Cable TV? - Gone!
Internet Access from home? - Gone!
Cell phones? - Gone!
"More than one car per family - Gone!
More than 200 square feet of home per family member? - Gone!
HDTV? Try a 13inch Black and White set with rabbit ears!
Paris Hilton? - Gone!
NFL? MLB? NBA? - Luxury! Luxury! Luxury! "
It's not actually that hard, is it? It's not that we are going to have to start living within their means, it's that we're going to find out what our means is.
The world turns.
We'll live.
My I.T. salary is the same now as 7 years ago. Prices around me have doubled. Housing has almost tripled in my area.
7 years ago I worked hard (to include weekends, late nights, no lunches, lots of travel). I cared about what I did. I was always learning new things and pushing the technology for the benefit of our clients.
I now show up 4 days per week. Since I live in America, I have very little vacation time. So I come up with reasons to work from home or I call in sick. On days when I show up, I take 2 hour lunches were I go home and relax. While at work, I spend most of my time surfing the net, blogging, playing games, talking, taking breaks, snacking, and managing my investments.
I have reduced my work output to 25% of what I produced 7 years ago. I am tired of being raped by our government, wall street, and illegal aliens. I have learned to be like the elites, I get paid for nothing. And when the fed lowers rates and the dollar falls by 2%, I do 2% less work.
Let America die. It's beyond resurrection anyhow.
Dow only down 190 points today. Citi's expected 11 billion dollar writedown is probably going to be 18 billion. I'd like to hear what all you doom and gloomers have to say now?
I have reduced my work output to 25% of what I produced 7 years ago. I am tired of being raped by our government, wall street, and illegal aliens. I have learned to be like the elites, I get paid for nothing. And when the fed lowers rates and the dollar falls by 2%, I do 2% less work.
Let America die. It's beyond resurrection anyhow.
You people get it!
WHERE ARE WE NOW POLL
Anxiety
Denial
Fear
Desperation
Panic
___________________-
You forgot ANGRY and that's me.
Real estate co. does a moonlite shutdown;
realtors now anxious about their unpaid commissions.
http://tinyurl.com/2euf2u
Well blowfly-the stockmarket dropped again. Now it's closer to 13000 than 14000! Everything in the economy's great!
Wow, Citi Bank is writing off more toxic subprime garbage-their stock is headed much lower...I guess you would call that a buying opportunity!
I cut down on my whore expenses by getting a cat at the shelter.
Trouble is, now I gotta teach it to give me a rim job at just the right moment.
I come here just for the nihilism.
So far, the housing collapse will not affect you unless you;
a) go to put your house on the market
b) own a restaurant
c) are a retailer
d) would like to borrow money to expand your business
e) are a realtor
f) are a mortgage broker
g) are a banker
h) depend on sales/property tax
i) work in construction
j) own stock in any of the above mentioned businesses.
What if it’s not just subprime?
Interesting article in the NY times
http://tinyurl.com/2yedbk
"how different was subprime lending from other lending in the days of easy money that prevailed until this summer?
The smug confidence that nothing could go wrong, and that credit quality did not matter, could be seen in the many other markets as well.
That was particularly true in the corporate loan market. Loans were cheap, and anyone worried about losses could buy insurance for almost nothing. It was not an environment that encouraged careful lending."
Subprime crisis hits newspapers’ revenues
The subprime mortgage crisis is tearing through the newspaper industry as US papers suffer sharp falls in real estate advertising.
The extent of the damage was visible this month when Tribune Company, which owns the Los Angeles Times and Chicago Tribune, reported a 40 per cent decline in November for its real estate classified advertising revenues.
http://tinyurl.com/28xdpd
http://www.fakepaycheckstubs.com is the website to goto In these times of economic woes, i say if you cant beat them, join them! Get the car or home loan you deserve! GET THE COMMISSIONS
YOU DESERVE! Bad credit or not http://www.fakepaycheckstubs.com you can get approved by any bank for any amount......100% money back GUARENTEED!!!
Where Oh where has my money gone?
Where Oh where can it be?
Perhaps Roubini is a HP reader?
http://www.rgemonitor.com/blog/roubini
He's been there with HP ideas from day 1.
Well blowfly-the stockmarket dropped again.
If I need a comment from an imbecile retarded renter I shall ask for it. But do tell me how you spent your Christmas Day in your sorry-ass 1BR shit-hole month to month rental apartment. Ah, I can just imagine what's for dinner: Condiment Sandwich and boiled Spam.
Listen all you shit for brains out there. Here is what's coming to the America near you.
1. The first black president (as in my famous song) a democrat
2. Massive taxation of rich and super-rich up to 65% on incomes
3. GeStaPo like raids by armed IRS crews.
4. Government confiscation of Gold and other PM
5. Elimination of all tax deduction for mortgage interest and property taxes.
6. National bulldozing program of unoccupied homes
All you brain amputated witless renters will be royally f*cked because then you'll never be able to even think about buying a crib for yourself. Take a good hard look at your rat-hole, this is where you will remain in the best case scenario. Then take another peek under the closest bridge or causeway being your most likely residence for years to come.
There is nothing else that I could possibly expect from a bunch of asinine, backward, deranged, dim-witted, fatuous, idiotic and ludicrous rentards!
OH that's freaky, was just going to post the same link:
http://www.rgemonitor.com/blog/roubini
Here he is, spin-doctor in the flesh...
NAR Chief Economist says there's no housing bubble in KY
He mentions that the news coverage is too focused on sales volume, which consumers shouldn't be concerned about. Rather, the consumer should be concerned about price. NO SHIT, ASSTARD!
blowfly said...
>>>There is nothing else that I could possibly expect from a bunch of asinine, backward, deranged, dim-witted, fatuous, idiotic and ludicrous rentards!
December 28, 2007 5:56 PM
Well blowfly, YOU obviously love us or else YOU would NOT be wasting your precious time reading this blog, YOU could very well be doing something else more constructive...
YOU have a choice!
Diana Olick, Nouriel Roubini, and the beautiful Erin Bernett:
Housing stil doing a Stuka Dive:
http://www.cnbc.com/id/15840232?video=616676494
Paid to fail:
http://www.cnbc.com/id/22420231
Bank in Eastern Europe (Raiffeisen Bank) offering 40 years mortgage plan with 100 % LTV ratio ! what this means ?! bubble still runing ! maybe they should do this over here (USA) too ...
http://www.raiffeisenbank.co.yu/english/index.asp
Anon, to your "My I.T. salary is the same now as 7 years ago. Prices around me have doubled. Housing has almost tripled in my area." post:
AMEN BROTHER.
I work as principal software engineer and am actually responsible for good chunk of new products (real $$)
Just like you, nowadays I work more from home, go to the gym during the day (saying I worked), browse Web to the point of exhaustion, go walk, or watch my favorite dvds
I would say my output is 50% down
The thing is, so are the other engineers, and I bet mgmt is perplexed...
And yes, when dollar takes plunge or when I see something more expensive (gas, food, whatever), I tend to just work maybe 2 hours a day...
I think that our dear leaders don't (yet) understand the meaning of 'moral hazard'.
Btw, I make exactly the same as I did in 1997 (meaning my salary went down and then up again), but in $$ terms it's the same.
And they think I will buy a house?
BWHAHAHAHAHAHAHA
Japan's inflation rose at the fastest pace in more than nine years in November.
Core consumer prices, which exclude fresh food, climbed
http://www.forbes.com/markets/
2007/12/28/japan-inflation-energy
-markets-econ-cx_jc_1228markets4
.html
Japan hands have long looked for signs of price inflation to confirm the reviving fortunes of its economy. But when the government reported Friday the highest rise in nearly a decade in its measure of core consumer prices, they found instead a new cause for worry: rising energy costs.
Core consumer prices rose 0.4% year-on-year in November, excluding volatile fresh food prices.
Following a long and vicious deflationary cycle, it would seem to be welcome news, but the rise in prices is less reflective of economic strength and healthy consumer demand than a sharp increase in fuel costs, and to a certain degree, food.
The government reported a 2.2% increase year-on-year in prices for fuel, electricity and water. Gasoline prices soared 10.8% in November from a year ago and prices of oil-related products rose 9.3%.
We've all seen the video, but it really puts the bubble mentality into perspective.
Schiff on Cavuto: 1 Year Apart
2006-12-31: Real Estate Predictions for 2007
All Adkins and Norman could do was ridicule and giggle at Peter Schiff in the background. They have been completely discredited by the events and data associated with housing for 2007.
2007-12-26: Schiff on Cavuto
Adkins and Norman are absent this year--what a shame. Schiff reaffirms his opinions regarding home prices.
NY Times OP-ED by Schiff:
2007-12-26: Frozen Rates, Falling Prices
Everyone seems to agree that a return to traditional lending standards is a good idea, but no one seems willing to accept a return to rational prices as a consequence.
While the bubble was inflating, self-serving explanations were offered for why traditional formulas of home valuation no longer applied. As it turns out, the laws are still in effect. These traditional measures, like the relationship between home prices, rents and income, indicate that prices need to fall at least 30 percent more nationally. The sooner this balance is achieved, the sooner lenders will again commit capital.
My advice to people who save their money and make wise financial decisions is to get a bunch of credit cards, max out them and request a credit increase and then max out on those too. Then get more credit cards and do the same. If you have a house, get a HELOC and use the money up and then finally when the bill comes due, just don't pay it and declare bankruptcy. Why should you work hard and save your money while other's do the opposite AND get away with it?
Is the Media is SCARED of Ron Paul?
ARLINGTON, VIRGINIA – According to the New Hampshire State Republican Party and an Associated Press report, Republican presidential candidate and Texas Congressman Ron Paul will be excluded from an upcoming forum of Republican candidates to be broadcast by Fox News on January 6, 2008.
Full Article
My advice to people who save their money and make wise financial decisions is to get a bunch of credit cards, max out them and request a credit increase and then max out on those too. Then get more credit cards and do the same. If you have a house, get a HELOC and use the money up and then finally when the bill comes due, just don't pay it and declare bankruptcy. Why should you work hard and save your money while other's do the opposite AND get away with it?
-----------------------
You advise committing FRAUD!
Yes, people have gotten away with this over the past several years... But things are changing FAST. The investors and hedge funds that bought up all the SIV's which provided folks with all that easy credit have STOPPED BUYING. THEREFORE, we are now in a credit-crunch. Over that past 4+ years, the SIV's provided lots of cheap CREDIT CARD CREDIT, AUTO LOAN CREDIT, MORTGAGE CREDIT, and COMMERCIAL LOAN CREDIT. All of that is going bye-bye.
When we emerge from this crunch, the financial world will never be the same. Expect the cost of borrowed money to skyrocket and lower LTV's; or the FED to go down the path of HYPER-INFLATION by monitising all the bogus SIV paper.
Can't have your cake and eat it too!
Everyone should steal, just like the Bush crime family. There isn't an honest person left in this country.
My advice to people who save their money and make wise financial decisions is to get a bunch of credit cards, max out them and request a credit increase and then max out on those too. Then get more credit cards and do the same. If you have a house, get a HELOC and use the money up and then finally when the bill comes due, just don't pay it and declare bankruptcy. Why should you work hard and save your money while other's do the opposite AND get away with it?
-----------------------
You advise committing FRAUD!
Yes, people have gotten away with this over the past several years... But things are changing FAST. The investors and hedge funds that bought up all the SIV's which provided folks with all that easy credit have STOPPED BUYING. THEREFORE, we are now in a credit-crunch. Over that past 4+ years, the SIV's provided lots of cheap CREDIT CARD CREDIT, AUTO LOAN CREDIT, MORTGAGE CREDIT, and COMMERCIAL LOAN CREDIT. All of that is going bye-bye.
When we emerge from this crunch, the financial world will never be the same. Expect the cost of borrowed money to skyrocket and lower LTV's; or the FED to go down the path of HYPER-INFLATION by monitising all the bogus SIV paper.
Can't have your cake and eat it too!
December 29, 2007 12:55 PM
My logic is that since everyone else is borrowing money up the wazoo, and NOT going to pay it back, then why should anyone in this country work hard, save their money and play by the rules? Why? Large corporations borrow money to the hilt and then go belly up, a lot of people borrow money up the the hilt and then go belly up, so why should anyone in this country play by the rules when playing by the rules means you are sucker?
The local Gov. is trying to take our Condo Association's and equally owned private Drive way and guest parking away from us to GIVE, thats is right, GIVE to a fu@k tard developer, with threats of code enforcement leans and code enforcement foreclosures on each condo home owner in the building if we do not "VOTE" to let the City have the downtown land so the developer can build a 9 story high, rise, one foot away from my balcony, which will probably be the 4th story GARAGE floor! Whilst blocking any fire truck access if needed, and blocking my city view that I paid 10 thousand for and blocking my sun! I am so pissed. The City also raised my taxes for 2007! I am going to put on a 'V' mask and call the press and have them film me giving the Mayor my Condo Keys. They have to threaten foreclosure to someone who hasn't already lost everything twice in the last five years for it to matter (fire and hurricanes). If they want my fucking 535 sq foot 'hotel room' that only has an antique dresser, a bed and a couch and my cloths, then fu@k em, they can have it! It will take me about 5 minutes to move out.
If the developer builds on what was sold to me as a !!PARK!! then I will lose my equity and live next to a dirt pile for five years anyway.
My $180,000.00 home will be worth $80,000 then.
I can save $20,000 in 6 months, if I get 'foreclosed on' Casey Serin style, (I put $55,000 down, 30 year, fixed) while the city and the mortgage weasels fight over my home's carcass.
Fu@k em.
Yeah, I too am noticing that the city of Los Angeles is getting pretty desperate!
For the past month, they have had check points in Hollywood. But NOT for the reasons you would think (ie; alcohol, drugs). These stops were specifically for driver's license and registration verification!!!
Plus, The City of Los Angeles just passed a law that anyone smoking or suspected of smoking in their car with a minor (under 18yrs.) will be citated! Where does it end...
BOYCOTT FOX NEWS
The following is an email sent to fox news on behalf of the Ron Paul supporters here on this blog.
---------------------------------
Viet D. Dinh:
Given the fact that you are listed as a member of the Board of Directors for News Corporation, parent of FOX NEWS; please deliver the following message to your fellow board members:
The growing internet community who support RON PAUL is going to: BOYCOTT FOXNEWS if they don't allow Ron Paul to participate in the Jan 6 GOP debate forum!!!!!!!
This is the message from 1,000,000+ people who support RON PAUL and stand united in the internet community. The days of the mass media stranglehold on the mind of the American people is coming to end.
Learn more at www.housingpanic.com one of the few blogs which identified the housing bubble years ago & is now predicting a global banking systemic failure due to massive WALL STREET FRAUD in SIV's and CDO's dumped onto unsuspecting foreigners.
Want to learn more about the U.S. Dollar crash, check out www.europe2020.org [a think tank funded by the Club of Rome].
Ron Paul doesn't have a chance to win, but the media/establishment seems to be SCARED of his message. NEWS FLASH. Ron Paul is just the current focus point for a growing global political awareness which will only be fueled by FOX NEWS's attempt to ignore him.
-- FROM THE ARMY AT www.housingpainc.com
Don't the bank who gave the buyer the original $800,000 loan on the 2005 short sell home has any legal recourse?
If the house right across the street is worth $500,000, then who will pay the $300,000 difference on the short sale home, assuming the bank can get $500,000 for the $800,000 short sell home?
http://forum.brokeroutpost.com/
loans/forum/2/192289.htm
I got an agreement of sale today from a realtor looking for a prequal on a shortsale , the buyer lives next door , he has a current mortgage for $800,000 on a home he purchase in 2005 with no money down , the home he has under contact is right across the street from his present home , the offer is for $500,000 and it looks like the bank will accept it
The borrower plans to buy it as a primary , once he moves in , they will stop making payments on the $800,000 loan that they have with CW
He qualifies full doc and has a 770 FICO , he figues letting his credit tank is not a big deal when he is lowering his mortgage debt by $300,000 .
I told him the new bank may deny the deal based on occupancy , tried to convince him to go NOO but he does not want the higher rate .
What do you think ? anyone had this scenario yet , I sure it will be happening more and more especially in CA and FL
Aren't many of these same individuals flocking into the insurance business. Selling things like life to health insurance.
Initially, this process will help drive the cost of insurance down for many people, but in the end someone or some industries will have to pay the price.
It is unfortunate, but history seems to repeat itself.
Remember the hay days of the insurance industry back in eighties, and then the after myth resulting in thousands of nurses being layoff.
http://news.traderdaily.
efinancialcareers.com/ITEM_FR/
newsItemId-12321
A Jekyll-and-Hyde year for the financial markets.
Here's our tally of institutions, individuals and sectors who in their holiday prayers probably begged for better luck in 2008.
The mortgage broker community - an easy target because so many skills-free and ethics-free individuals flocked there in search of an easy buck, as happens during bubbles.
You thought HousingPANIC was bad? Wait 'til you see CarPANIC!
LOCAL HOLIDAY OBSERVATIONS….
Here in Southern Virginia, gasoline costs over $3 per gallon, milk over $4 per gallon, and my local property taxes increased by 40% over the previous year. My yearly raise was not enough to pay the increase in my medical insurance.
The local phone company has begun consolidating and eliminating departments. They’re doing everything possible to off-shore as much work as possible. One day all calls and ISDN may route through Bombay.
A friend’s husband was just laid off from his job in the furniture industry because his company is moving off-shore. She and her husband have no health insurance now as unemployment benefits aren’t enough to pay premiums for any decent health insurance.
Surprisingly, on short notice, I was able to get an appointment at a top beauty salon here two days before Christmas. Christmas and New Years used to be extremely busy in this salon, but no so this year.
The weekend prior to Christmas I had lunch at a popular, Italian restaurant chain near a huge NC shopping mall. It was around noon and the place was oddly quiet with many idle staffers wandering around empty tables. The menu prices had increased by a dollar or two per item.
Any decent homes on the market here are not moving despite supposed price reductions (still ridiculously high IMHO). There are numerous listings for run-down shacks at $20K to $30K with pathetic realtwhores calling them great “starter homes”!
Fellow HP’ers….how are things in your neck of the woods?
Interesting Aussie video posted at HousingBubble...
USA Mortgage Meltdown Video
"New cars that are fully loaded — with debt"
LATimes article about sheeple upside-down on their cars
"owes almost $43,000 on two trucks worth no more than $29,000, perhaps as little as $22,000.
http://tinyurl.com/ypz2gv
Oh sheeple, when will you learn to live within your means? Would it kill you to drive around in older or smaller vehicle? Or would the shame be too much?
Here's a few facts I heard at the dealerships when I was car shopping;
1) the average car payment is $700
2) 90% of the people that go into a dealership are upside down on the car they want to trade in.
Maybe some-one should start an autoPANIC blog
What do people think about the new scourge of the housing bust, namely "Foreclosure Dogs"? It seems pet shelters are being overrun by animals that are being given up after a homeowner loses the house! Im not kidding:
http://economicdisconnect.blogspot.com/2007/12/foreclosure-dogs-surely-end-is-near.html
FYI:
RE: carpanic
Oh man here we go again. The MSM will make victims out of these people. Can you say bailout?
Just like the big bad evil mortgage man forced me into a $700K ARM, the big bad car salesman forced me into a $700 a month payment. And damn it I want help from the government.
"RE: carpanic
Oh man here we go again. The MSM will make victims out of these people. Can you say bailout?
Just like the big bad evil mortgage man forced me into a $700K ARM, the big bad car salesman forced me into a $700 a month payment. And damn it I want help from the government."
If you've ever seen the show King of Cars on A&E these people know exactly what they're doing.
If you want to read the sickening details of PAC contributions linked to watered-down state laws, read this WSJ article:
http://tinyurl.com/2z6tt9
CHOP IT!!
LOL-LOL-LOL
ameriquestmortgage.com expired on 12/09/2007 and is pending renewal or deletion
ameriquestmortgage.com
Happy New Year KWEEFER.
You and your merry band of socialist fools entertain me a lot. I'm off to start the partying. Although given the world wide depression you fools think is out there maybe they'll cancel new years. Then again maybe not.
Foreclosure Dog
We live in a neighborhood with one way in and one way out and only 40 homes. A safe place to drop off a dog.
A little black dog showed up at our house 5 days before Christmas. He is house broken and a clever little guy.
There are townhomes, condo and apartments around us.
The signs "Found - Small Black Dog" have been up for 11 days. Not one phone call.
I wonder if the family who dropped him off had any children. So close to Christmas.
My heart is broken.
We are going to keep him.
Realty Times thinks housing has a good chance of turning around in 2008! In fact, they think it's a good bet.
Real estate outlook 2008
(Original video at realtytimes.com)
Very interesting links tyrone, thank you.
Anonymous Ruprecht said...
moonlite shutdown;
"realtors now anxious about their unpaid commissions."
Happy new year I love to see realtwhores get stifffed! Woo hoo!
Mike Norman:
contrarianmedia@hotmail.com
re: your 2006 year end forecast for 2007
Thanks and I enjoyed your appearances on Fox business news!
my girlfriends and I reviewed your predictions from the end of 2006! Wow- Peter Schiff really schooled your dumb ass
http://youtube.com/watch?v=yoZV5jt9puc
I'm glad to see that you were too embarrqassed to appear at year-end 2007! The blogosphere is making fun of you!
It is funny how the fool who's been wrong on everything still doesn't realize that he's a fool. It's fun to watch, in a painful way.
Hey, it's gotta be tough to be a discredited idiot like Mike Norman. When you've been proven wrong on everything, and I mean EVERYTHING, and your nemesis has been proven right on everything, and I mean EVERYTHING, you should just shut it all down and go home. Or I guess these days you go on Fox TV and make yourself look even dumber.
Happy New year!
PS how are your real estate investments doing?
http://realestaterecord.blogspot.com/2007/08/mike-norman.html
http://housingpanic.blogspot.com/2007/12/its-dumbest-guy-in-room-mike-norman.html
http://housingpanic.blogspot.com/2007/11/hp-hero-peter-schiff-destroys-hps-new.html
Here is a link to Lake Superior State University's Banished Words List for 2008. If you don't know, this university issued a list of words each year that have been abused and misused to the point where they end up on the banned list.
Casey Serin should take note...many of these words are used by him on a daily basis, including the words "sweet" and "webinar". Of course everyone used the phrase "under the bus" to describe how Casey treats his business partners. I'm also sure that realtors are using "It is what it is" a lot these days (not like they said anything with any substance before).
http://www.lssu.edu/banished/current.php
http://krugman.blogs.nytimes.com
/2007/12/28/housing
-how-far-is-down/
"That was the thing that brought me to the conclusion: I don't care what anybody says, we are in a recession." - Ken Rappaport, a Boca Raton bankruptcy lawyer, in November, after receiving 250 applications for a $10-an-hour receptionist job, many from real estate and mortgage brokers suffering from the area's housing market collapse.
With the holidays now over and the shoppers having done their duty, will we find massive write downs and other information hitting the airwaves, information that was withheld until after the holidays? Or am I a conspiracy theorist?
Hey Keith,
What happened to the Yun talk on youtube?
"With the holidays now over and the shoppers having done their duty, will we find massive write downs and other information hitting the airwaves, information that was withheld until after the holidays? Or am I a conspiracy theorist?"
I think sales will be ok for month or so since retailers are giving product away trying to get people in their stores. It will be interesting to see if they make any profits though.
I don’t give a rat’s ass about traffic. What I care about is telling the truth as beautifully as possible — saying what we want in the way that we want. If we’re right, we’ll attract people who understand why we’re right. If we’re wrong, we need to learn better. Nothing matters to me more than being right — right ethically, right epistemologically and right in my behavior. BloodhoundBlog was built that way from the beginning, and it will run that way forever. - Greg Swann
The truth is it seems like every year around December to Febuary there are less houses going into the market.
The truth is that is good news because it can bring inventory down.
However the bad news is if home sells do not turn around in March or when spring home sell season starts then it is going to be a very long year in the re-sale home market, and that is the truth that this housing market is going have to face.
So the pick for the Iowa winners, is that who we think will win, or who we want to win?
Realty Times 2008 Outlook
http://ie.youtube.com/watch?v=AHT5UwiYtDc&feature=related
What a scam
Nice little voting gadget you got there. Looking at the result is proof that most of you are totally dimwitted imbeciles. Dr. Ron “Asswipe” Paul will never win the Republican nomination just like Blowfly will never rent a rat infested 1 BR shit-hole. Relaxing in my crib over the New Year holiday I found an article in the local paper that stated that most of you rentards now have to cough up 30% or more of your income for renting that crap-hole apartments. Just a tip for all of you moronic dipshits. When you apply for a job you better lie when they ask you if you own or rent. I would never hire a sorry ass renter when I can have a committed home owner. I heard that several famous people also rented apartments. Here is a short list: Timothy McVay, Ted Bundy and Jeffrey Dammer. All too deranged to own a home. Nice company guys, that’s all that I have to say about that.
2008 - The year I get off the grid.
The ultimate inflation hedge.
You see I am tired of the human race and their endless bullsh*t; Since I entered the workforce (IT), I have seen the .com implosion, the insourcing of IT talent during the .com layoffs (enough to make me come to arms), the housing bubble/bust while my salary is flat, the superrich exploitation growing to obscene proportions (and not sure what qualifies them for million dollars bonuses when their finanical and technology projects never amounted to anything but smoke and mirrors), the incompetence of the current administration, on and on....oh and the roller coaster/endless battle to keep my savings intact during the fiat currency crises that we see now....
I am done. Don't care anymore. I am buying my house for 125K cash, 13 acres with 2500sq foot new contruction home. Adjoining state game lands.
My wife will work, makes little money but likes to work (not sure why)...All I need from her is health insurance and 1000 pounds of rice per year. None of this sh*t was worth it, I'd rather be living with the aborigionees. At least their spirit is still intact.
And, of course, like most smart young Americans - I will not be having kids.
Since I entered the workforce (IT), I have seen the .com implosion, the insourcing of IT talent during the .com layoffs (enough to make me come to arms)
you should have done what all "smart" IT people have done. You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are. That's the price you pay for fear...
"Relaxing in my crib over the New Year holiday I found an article in the local paper that stated that most of you rentards now have to cough up 30% or more of your income for renting that crap-hole apartments."
Really? I'm renting a gorgeous house for peanuts from a desperate homedebtor.
"Just a tip for all of you moronic dipshits. When you apply for a job you better lie when they ask you if you own or rent. I would never hire a sorry ass renter when I can have a committed home owner."
Haha home owner that's hilarious. I'd rather hire a financially secure renter than a home debtor that will rob the company blind because 90% of their income is going to a home they're underwater in and they need to eat.
Oh shit I think I just saw another price reduction.
You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are.
Ok, you're right. I hate I.T. work so I should start my own I.T. consulting firm.
I will be living in the woods while you're stuck in traffic trying to get to your next client (who hasn't paid you in 6 weeks).
Since I've heard this dribble before, let me deconstruct your answer:
1) 95% of my I.T. friends are employees. Even the ones that do consulting on the side.
2) I would never work for any consulting firm or technology firm again let alone BE the consulting firm or technology firm. Been there, done that. It sucks. My blood pressure dropped precipitously the day I walked away from that crap for good. Good luck in the next recession.
3) I don't really work anymore. I just get paid for doing nothing, since that is about what my salary is worth today.
4) Here's the real kicker.....
What if everyone becomes consultants? What if (during the same period) our government continues the flow of H1-Bs and those folks go into consulting also. What if, at the same time, an entire generation of youth (brought up with technology, and with little else in the way of oppurtunity) and H1-Bs reduce your hourly rate just like the employees over the past several years. Don't you see your logic is what got us here in the first place? You can't win, the future will overtake you and your life will be one of neverending reinvention and refinement of your career. Just ask Paul Krugman.
So now we need to be self-employed. Last week we need graduate degrees, the week before that B.S. degrees, the week before that high school diplomas. Last year, it was enough to keep on top of the latest technologies, now we need certifications and security clearances. Last year we needed to drive 30 minutes to work, now you need to go an hour if you want to live somewhere decent. Last decade an index fund and frugality were the path to wealth, now you need to be constantly vigilant about where the next asset bubble might grow and continually reallocate your portfolio accordingly. You used to need one engineer to support 6 kids, then 4, then 2, and now....you guessed it - most of us stopped reproducing.
The bar keeps getting raised and when you are done jumping through hoops you will be left with your old age (if you are lucky enough to live that long), worthless dollars, and an existence that has long become soulless.
No thanks. The answer is revolution and rejection of the game altogether (please read J Krishnamurti), not jumping on to the next promised land (always just out of reach) because you are AFRAID to leave the game behind (and because that's what the elites tell you should be doing to keep up.)
I (for one) don't want to spend my entire lifetime trying to arrive when the day I drop out, I am already there. Good luck and thanks for listening.
I encourage Housing Panic readers to blog other relevant sites to spread the faith. I enjoy blogging here and sharing thoughts on the issue among the mostly like minded, but it's a bit like "preaching to the choir". So, fellow bloggers, lets hit some other sites as well.
For example, here's my blog below that I just sent to USA Today:
Why on earth would anyone believe anything NAR shill Lawrence Yun has to say. His predecessor, David Lereah, was the NAR "cheerleader" who helped entice suckers into buying overpriced houses, often by using suicide "creative" financing, as the housing bubble inflated. Lereah was to the housing bubble what Goldman Sachs shill Abby Joseph Cohen was to the Internet / stock bubble.
Now Yun is trying to put a happy face on the unfolding disaster. The housing price collapse is just getting started. If the Fed continues to cut interest rates it will only further weaken the dying dollar and bring on more hyper inflation.
Nothing will save the idiots who bought overpriced houses. They need to pay the price for their folly.
Only drastically lower prices will again bring the housing market back to health. Houses are fairly priced when selling for about 100 to 115 times what they would rent for per month. In most parts of the country prices have a long way to fall.
As I type, here in Atlanta, GA the temperature is 22 degrees. Last night it was 15, tonight could go down to 10 according to the local forecast.
There is snow forecast for Orlando, Florida tonight.
About that global warming.....
you should have done what all "smart" IT people have done. You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are. That's the price you pay for fear...
January 02, 2008 8:57 PM
-------------------------
DING DING DING DING!!
Before I was a "consultant" I made $105K a year as an IT flunky. Then I wised up and became a "consultant" Now I do the exact same thing I did before. I work only 80% as much and make $150K a year. And I don't have to deal with any corporate politics bullshit which by itself is worth $50K a year.
Beignet--
SAD story, but I have often wondered how many pets will be left behind in this current housing/financial crisis...makes me crazy to think about.
For what it's worth--from a fellow dog owner/lover, THANK YOU for caring, thank you for taking this poor guy in and giving him a home-I am sure he is so grateful.
For anyone cruel and heartless enough to contemplate just leaving an animal on the street, please take the time to just drop them off at a local animal shelter or breed rescue group. At least they will have a chance at finding a home.
Thanks.
Actually, bubbles are for bathtubs and they are not for markets, housing, credit or tulips.
Hey off_the_grid_forever, I am in similar position, thinking of similar things...
Where are you buying your ranch (I presume)?
Hey the mozillo linky no worky.
off_the_grid:
Dude get a grip. I am a consultant as well. I work from home most of the time. In 9 years of doing this, I have had 1 and only 1 client stiff me.
PS: I live on 18 acres about 35 miles from the city. You can have it all if you try.
As I type, here in Atlanta, GA the temperature is 22 degrees. Last night it was 15, tonight could go down to 10 according to the local forecast.
There is snow forecast for Orlando, Florida tonight.
About that global warming.....
January 03, 2008 12:21 AM
----------------------------------------
Jesus you idiot, do some homework before you post something so retarded! watch aninconvenienttruth and get a clue to what global warming is, global warming doesn't mean the planet is going to heat up, catch fire and explode into space.
Schiff vs De Groot
Round 2
RON PAUL must not be excluded from the debate.
The FCC and the loopholes Congress has given media companies are largely to blame for this Fox News debacle. The original intent of equal time rules was to specifically prohibit media companies from selecting which candidates should be able to access the airwaves. Unfortunately, so many exceptions to equal time rules were given - i.e. interviews and debates became "on the spot news", that media companies are now allowed to do precisely what Congress originally intended to prevent when they wrote the Communications Act that first gave the FCC its authority.
This farce of a forum takes things to a new level though. It is a manufactured event specifically intended to limit voters' awareness to only the corporate-backed shills who currently lay claim to Fox News' own appellation of front-runner status (never mind that some polls have Dr Paul running third in New Hampshire). There's certainly enough precedent to suggest that they can get away with trying to call this "on the spot news", but if one were to mention that the FCC takes abuse complaints from the public at fccinfo@fcc.gov, or that they accept official complaints by phone at 1-888-CALL-FCC, there's a good chance that Fox News would suddenly see a few thousand complaints added to their public file. And if that were to happen, it would certainly make the job of some freedom-loving independent attorney's lawsuit against them all the easier to win, should one rise to the occasion.
"Jesus you idiot, do some homework before you post something so retarded! watch aninconvenienttruth and get a clue to what global warming is, global warming doesn't mean the planet is going to heat up, catch fire and explode into space."
Hey moron!
Al Gore is not a scientist. He is an idiot who probably could not even name the planets of our solar system. Who gives a shit about what he has to say?
"you should have done what all "smart" IT people have done. You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are. That's the price you pay for fear..."
Most people do not have the connections to get into consulting, you dummy!
Check your tickets everyone:
Their builder is Levitt & Sons, which ran out of cash in October and declared bankruptcy in November. All work on this planned 460-home development for retirees, grandly named Seasons at Prince Creek West, has ceased. The Levitt employees were laid off, the subcontractors put down their tools, and the Costanzos found themselves in limbo.
The first big home builder to fail in the current slump, Levitt's collapse illustrates how the turmoil in real estate is spreading far beyond subprime borrowers who cannot pay their mortgages. Levitt had a fabled brand, decades of experience and enthusiastic customers with good credit, but that was not enough to save it...
I am headed for central PA: stable economy, close to family, cheap fertile land, ample hunting, ethnically undiverse, safe, not another boom town with the traffic/ problems which always are to follow, should survive the coming apocolypse...
Most people do not have the connections to get into consulting, you dummy!
January 03, 2008 7:18 AM
---
Bullshit.
esus you idiot, do some homework before you post something so retarded! watch aninconvenienttruth and get a clue to what global warming is, global warming doesn't mean the planet is going to heat up, catch fire and explode into space.
============
An incovenien truth eh? Oh you mean that movie by Al Gore where he exaggeratedl by a factor of 10 what will be happening? Same movie that was discredited by the very same "scientists" he profiled?
Baaahhhhh
Bahhhhhhh
Bahhhhhhh
Al Gore says jump and this sheep says how high.
For the IT consultants, what type
of work are you doing and what type from home? Programming, project management, software testing, other?
Thanks.
So now we need to be self-employed. Last week we need graduate degrees, the week before that B.S. degrees, the week before that high school diplomas.
Hey you ass-wipe IT code monkey working as an employee in the basement cubicle nerd-farm. Your comment makes it obvious that you're a 1BR shit-hole renter, a moronic retard that has an IQ below 70. Calling yourself a systems engineer? How about half-circle engineer? Know how to swing a broom in a half circle? Na, you're just a f*cking imbecile that should have been put out of his misery a long time ago. I hope you commit an act that nets you a Darwin award asap. Now get back to your for next loop you dimwitted shit for brains.
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