tag:blogger.com,1999:blog-18675105.post1042243375070983865..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Feeling 1929?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger47125tag:blogger.com,1999:blog-18675105.post-28591177040521207992008-01-05T09:49:00.000+00:002008-01-05T09:49:00.000+00:00how much did i cut back this year in xmas spending...how much did i cut back this year in xmas spending? <BR/><BR/>usually went to tiffany's and bought my wife a decent piece of jewelry ($500 to $1000). This year bought nothing. no one in family bought antything. xmas was as good as ever. don't think i will ever buy xmas again. the charm of that season is gone. i can remember when it used to give me a certain feeling - no after i was 50 - but no more. it's nothing but the crass commercial thing they always said it was. there's no reason for the damn thing other than commercialization. our new god!! well not new - but becoming apparent to goy like me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29547514877952649862008-01-03T02:32:00.000+00:002008-01-03T02:32:00.000+00:00They are GSEs you moron. They have government regu...They are GSEs you moron. They have government regulators watching their every move and backing them up with the guarantee of generations of American taxpayers. You are a true idiot. Anyway, the bailout will not be able to save your stupid McMansion from foreclosure. It will only go to pad the bonuses of Wall Street crooks. You are too dumb to realize that.<BR/><BR/>January 02, 2008 10:53 PM<BR/><BR/>What regulation are you blabbing about? They've deregulated the entire financial system. They've overturned all the FDR era protection enacted back in the 1930's in order to prevent another depression.<BR/><BR/>But dont talk to me about government regulators and how Fannie Mae is a government controlled entity. Sure the WS flunkies always like to stick the taxpayers with their debt, that's not anything new.<BR/><BR/>But tell me again that the Government is responsible for this financial collapse. Youre dead wrong. The real culprits are the idiot populists like you who bought the idea of free trade and de regulation. De regulation and free trade mean NO GOVERNMENT interference.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24854596639874174982008-01-02T22:55:00.000+00:002008-01-02T22:55:00.000+00:00Nazi = National Socialist = liberalsNazi = National Socialist = liberalsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29506599723724779662008-01-02T22:53:00.000+00:002008-01-02T22:53:00.000+00:00FDR's Fannie Mae was "PRIVATISED" years ago. You d...<I><BR/>FDR's Fannie Mae was "PRIVATISED" years ago. You do know what that means, dont you? It means it is not a government run institution. <BR/></I><BR/><BR/>They are GSEs you moron. They have government regulators watching their every move and backing them up with the guarantee of generations of American taxpayers. You are a true idiot. Anyway, the bailout will not be able to save your stupid McMansion from foreclosure. It will only go to pad the bonuses of Wall Street crooks. You are too dumb to realize that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66081895320094113762008-01-02T21:34:00.000+00:002008-01-02T21:34:00.000+00:00**********WOW*********************WOW***********Princess Mononokehttps://www.blogger.com/profile/11062180421571379213noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50668322229447298852008-01-02T19:05:00.000+00:002008-01-02T19:05:00.000+00:00fdr said:"Who will declare the system bankrupt? Wh...<I>fdr</I> said:<BR/><BR/><B>"Who will declare the system bankrupt? Who will decide how the new system will function? Only government can do this."</B><BR/><BR/>Nonsense.<BR/><BR/>I declare the system to be bankrupt. I also declare the American nation to be bankrupt.<BR/><BR/>The new system shall be 1929 redux, except worse.<BR/><BR/>If you like your present form of fascism, you'll love what it will be like in just a few short years.<BR/><BR/>Cheer up, the party is just getting started.Alpha_Bearhttps://www.blogger.com/profile/05599262809240948196noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64915804333894076602008-01-02T17:22:00.000+00:002008-01-02T17:22:00.000+00:00Mark in San Diego said... BTW - My pick for best Y...Mark in San Diego said... <BR/>BTW - My pick for best YouTube video for 2007 is DEFAULTING http://youtube.com/watch?v=vkBgX61Y2_c<BR/><BR/>Still laughing. Great!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35432244529767236972008-01-02T16:54:00.000+00:002008-01-02T16:54:00.000+00:00The government intervention is what caused this cr...The government intervention is what caused this crisis you idiot. Fannie/Freddie buying all of those subprime loans, the Fed lowering rates to 1%, all the RE & debt tax breaks. Now you socialist morons want a bailout for Wall Street. You socialist idiots are what caused the crisis with your "affordability" programs that have driven home prices up to ridiculous levels.<BR/><BR/>January 02, 2008 4:30 PM<BR/><BR/>FDR's Fannie Mae was "PRIVATISED" years ago. You do know what that means, dont you? It means it is not a government run institution. <BR/><BR/>Your poor little brain doesnt even grasp the nature of this crisis. Only Government can resolve the financial collapse which is accelerating with each new day.<BR/><BR/>Who will declare the system bankrupt? Who will decide how the new system will function? Only government can do this.<BR/><BR/>Youre worried about a Wall Street bailout? That's highly unlikely seeing as how there is $500 trillion in unpayable debt.<BR/><BR/>The only real solution is to declare the system bankrupt and freeze the debt until it can be sorted out. And all derivatives bets should be wiped off the books.<BR/><BR/>Now that is hardly a Wall Street bailout. <BR/><BR/>PS- youre such an idiot that you dont even know what you mean when you scream "socialism". There are far too many like you. You'll make a good nazi for some Hitler puppet who the Wall Streeters will try and put forth over the coming days. Maybe NYC Mayor Bloomberg will fit the bill as the new Hitler or Hlajmar Schacht?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5633009402594120402008-01-02T16:33:00.000+00:002008-01-02T16:33:00.000+00:00It will be a long slow decline like Japan due to g...It will be a long slow decline like Japan due to government intervention. The US$ will be on par with the Yen and home prices will still be dropping while an orange will cost $40. How does 20 years of staglfation sound to you? Hopefully that will send the illegals packing back to their craphole countries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3298674137805449682008-01-02T16:30:00.000+00:002008-01-02T16:30:00.000+00:00Should we eliminate government all together and le...<I>Should we eliminate government all together and let the "markets" take care of the crisis? </I><BR/><BR/>The government intervention is what caused this crisis you idiot. Fannie/Freddie buying all of those subprime loans, the Fed lowering rates to 1%, all the RE & debt tax breaks. Now you socialist morons want a bailout for Wall Street. You socialist idiots are what caused the crisis with your "affordability" programs that have driven home prices up to ridiculous levels.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7717500126261429852008-01-02T15:41:00.000+00:002008-01-02T15:41:00.000+00:00edgar allen idiot = bitteridiottwo socialist loser...edgar allen idiot = bitteridiot<BR/><BR/>two socialist losers with nothing to show for. only complete losers and deadbeats want socialism. look at the loser realtors and bankers begging for socialist government intervention.<BR/><BR/>January 02, 2008 4:00 AM<BR/><BR/>Look at the idiot that doesnt even know his country's history. Government regulation and protectionism is not socialism you moron. <BR/><BR/>You guys wont be easy to manipulate during this crash now will you? Should we eliminate government all together and let the "markets" take care of the crisis? That would be the work of real genius.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5887281619509907752008-01-02T15:38:00.000+00:002008-01-02T15:38:00.000+00:00Asian stocks start off the year with huge run. US ...Asian stocks start off the year with huge run. US stocks will do the same this morning.<BR/>----------------------------<BR/>Um...NOT!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66936484085632686522008-01-02T15:36:00.000+00:002008-01-02T15:36:00.000+00:00Housing is no different. We survived the .com cras...Housing is no different. We survived the .com crash and 9/11 within 1 year of each other. I think a housing recession will be quite manageable as well.<BR/><BR/>January 02, 2008 12:36 PM<BR/><BR/>Is that you Mr. Greenspan? I am so honored and comforted by your great economic expertise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50299549718836566082008-01-02T15:34:00.000+00:002008-01-02T15:34:00.000+00:00Face it morons, you are dead wrong. You have been ...Face it morons, you are dead wrong. You have been predicting doom and gloom ever since 1998 when your Y2K fantasies started appearing. Every year or two you have another reason why the end of the world is here. And every time nothing happens. <BR/><BR/>NOTHING HAPPENS? I guess if youre braindead then you can say that. But thinking people know that weve been in a collapse for years.<BR/>Shipping your jobs off to China is a reflection of this collapse. I could name countless others- HMO's, Welfare reform, the stripping of the auto industry by hedge funds et.al.<BR/><BR/>This country doesnt produce enough to meet it's own needs let alone a surplus.<BR/><BR/>Nothing happens, my arse. You just havent hit bottom yet you moron.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18545380483311721802008-01-02T15:30:00.000+00:002008-01-02T15:30:00.000+00:00Edgar said... If a depression comes then the peopl...Edgar said... <BR/>If a depression comes then the people will revolt and vote for a regime change.<BR/><BR/>January 01, 2008 5:46 PM<BR/><BR/>Hlajmar Schact 1933Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67557039376690277852008-01-02T12:36:00.000+00:002008-01-02T12:36:00.000+00:001929? BWA HA HA HA.Asian stocks start off the year...1929? BWA HA HA HA.<BR/><BR/>Asian stocks start off the year with huge run. US stocks will do the same this morning. Wasn't the dow supposed to be at 5000 by now? What happened?<BR/><BR/>In December it was the conspiracy that Wall St was pumping up the numbers for their year end bonus. What is it now? The magic tooth fairy is in on it? Santa? The Easter bunny? Jesus?<BR/><BR/>Face it morons, you are dead wrong. You have been predicting doom and gloom ever since 1998 when your Y2K fantasies started appearing. Every year or two you have another reason why the end of the world is here. And every time nothing happens. <BR/><BR/>Housing is no different. We survived the .com crash and 9/11 within 1 year of each other. I think a housing recession will be quite manageable as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28132031125999930862008-01-02T08:48:00.000+00:002008-01-02T08:48:00.000+00:00Oh yes, it is 1929 all over again. And anyone who ...<I>Oh yes, it is 1929 all over again. And anyone who disagrees with the gloom and doom financial scenario is insulted/name called upon by most members on this forum by being called "a sheep", "a sheeple", "a turd", "stupid", etc...</I><BR/><BR/>Shut up, you stupid turd! Hah, sorry, couldn't resist. Seriously, though, lay out a sound argument against a worst-case scenario and let it stand on it's own merit. Of course people will call you names, that's what they do when they have any sort of anonymity. But if time proves you right, no name-calling will be able to refute that.TMhttps://www.blogger.com/profile/16972726941993291842noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8291557193222875362008-01-02T04:00:00.000+00:002008-01-02T04:00:00.000+00:00edgar allen idiot = bitteridiottwo socialist loser...edgar allen idiot = bitteridiot<BR/><BR/>two socialist losers with nothing to show for. only complete losers and deadbeats want socialism. look at the loser realtors and bankers begging for socialist government intervention.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40778796357978863992008-01-02T03:57:00.000+00:002008-01-02T03:57:00.000+00:00I would vote for Hugo Chavez or an extremist islam...<I><BR/>I would vote for Hugo Chavez or an extremist islam cleric before I vote for another rethug. They are hideous.<BR/></I><BR/><BR/>Which shows the stupidity and low IQ of the DemoCrapsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74837297119867819972008-01-02T02:27:00.000+00:002008-01-02T02:27:00.000+00:00I suppose you think Hitlary or BaaCrock Obama will...<I>I suppose you think Hitlary or BaaCrock Obama will save the Midwest?</I><BR/><BR/>I would vote for Hugo Chavez or an extremist islam cleric before I vote for another rethug. They are hideous.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67391405823785662982008-01-02T02:11:00.000+00:002008-01-02T02:11:00.000+00:00What am I to do with all the $$ I've saved if the ...What am I to do with all the $$ I've saved if the Banks are going to go bad anyway?<BR/><BR/>Stuff the $$ in my mattress?<BR/><BR/>How (Where) can I find out about how "good" my Bank is??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49467219313996160092008-01-02T01:36:00.000+00:002008-01-02T01:36:00.000+00:00North Dallas here. We seem to be an island in the ...North Dallas here. We seem to be an island in the sea of despair. We have our fair share of foreclosures and 30K millionaire debt slaves, but prices were stable over the past decade and the cost of living is very low compared to much of the country. I read that when retail outlets tried to raise prices, Dallas was the only market in which they were successful. <BR/><BR/>We wanted to move a few years ago, but when we did the math and saw how hard it would be to save money in any other large market, we stayed put.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68296875583242811372008-01-02T01:29:00.000+00:002008-01-02T01:29:00.000+00:00Funny, as I could walk out of my house today with ...Funny, as I could walk out of my house today with a camcorder and record video footage that depicts the kind of poverty and despair on faces as seen in those Depression-era videos. On the other hand, I could drive to the other side of town and record people living in mansions, fancy cars, etc.<BR/><BR/>The thing to realize is that not everyone was broke in the Depression! Some people emerged wealthier than before, sometimes immensely so!<BR/><BR/>Don't forget that many of these brokers, real estate agents, specuvestors, etc. who fueled and serviced the Great Land Rush of 1999-2006 also timed and planned their exits, and cashed out their fake run-up in equity! <BR/><BR/>Same goes for those homeowners who benefitted from the run-up in market value by selling at the right time, without realizing what fueled the run-up. <BR/><BR/>My girlfriend (a nurse) pocketed $120k in capital gains by selling her place in 2005 (which she bought in 2003). Just realize that amount of profit pales compared to what the agents and brokers who were pulling $1-10 Mil a year during the heyday of the boom made!<BR/><BR/>Just saying, this little run-up in prices made alot of people wealthy with EZ money... Alot of people are still sitting on a healthy mound of fake run-up in equity (and it's all theoretical if they plan on keeping the house AND can still make their monthly mortgage payments).<BR/><BR/>So don't get the idea that everyone will be sleeping by a bridge, under an overpass, because of the market turning... It'll most likely be those who foolishly pushed aside affordability concerns to get their "piece of the pie" before it vanished for good, and/or banked on real estate as a "can't lose money" proposition.<BR/><BR/>HOWEVER, the funniest sign I've seen of the market downturn is a thread over at mortgage lenders forum, where people are discussing ways to make ends meet and ways to save money while on hard times:<BR/><BR/>http://tinyurl.com/2xr79g<BR/><BR/>If that's not a sure sign, I don't know what is! Funny, as only a year ago we had alot of these permabulls who'd denied there would EVER be a need for such a thread on the board, since they were raking it in at the time (as well as apparently spending like the party would go on forever).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71371828535014548972008-01-02T01:24:00.000+00:002008-01-02T01:24:00.000+00:00We've been in a depression since 1976, welcome to ...<I><BR/>We've been in a depression since 1976, welcome to the party pal. Ready for a change yet? Oust the rethugs!<BR/></I><BR/><BR/>Ha what an idiot. Decession since 1976? That's when Peanut Brain Carter became President and the DemoCraps were in full control of both houses of Congress. I suppose you think Hitlary or BaaCrock Obama will save the Midwest?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1584458915024797582008-01-02T01:21:00.000+00:002008-01-02T01:21:00.000+00:00Depression? Where is the depression? I live in For...<I>Depression? Where is the depression? I live in Fort Worth, Tx and they just discovered all the gas and oils in the Barnett Shale.</I><BR/><BR/>Most people get about $500/mo in royalties and that's only if they have the mineral rights to the property They also need to be on several acres because you cannot drill in somebody's backyard due to the risk of an explosion, which happened just last year. If only they could discover NG in everyone's backyard, then the economy can be saved. You're right about Texas being ok, but that's only because property values DID NOT go up like they did in Clownifornia and Floriduh. We're still in the top 5 in foreclosures though, thanks to the morons who used ARMs to buy big ugly McMansions they couldn't afford.Anonymousnoreply@blogger.com