tag:blogger.com,1999:blog-18675105.post113724891778255067..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: BUBBLE TALK - old threadbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger99125tag:blogger.com,1999:blog-18675105.post-1154269222471428772006-07-30T15:20:00.000+01:002006-07-30T15:20:00.000+01:00Hey, you have a great blog here! I'm definitely go...Hey, you have a great blog here! I'm definitely going to bookmark you!<BR/>I have a <A HREF="http://www.insurance-center.ws" REL="nofollow">budget travel insurance</A> site.<BR/>Come and check it out if you get time :-)<BR/>Greetings.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1145428602879121132006-04-19T07:36:00.000+01:002006-04-19T07:36:00.000+01:00I have been following a site now for almost 2 year...I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating<BR/>the indexes easily.<BR/><BR/>Take a look at Wallstreetwinnersonline.com<BR/><BR/>RickJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141307565180547672006-03-02T13:52:00.000+00:002006-03-02T13:52:00.000+00:00The thing that gets under my skin is the person wh...The thing that gets under my skin is the person who has never read a business publication in their life and is now an expert in real estate now that they have some equity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141109681725341612006-02-28T06:54:00.000+00:002006-02-28T06:54:00.000+00:00try to stick to the bubble question. English who c...try to stick to the bubble question. English who cares in 30 years will be speaking spanish in most states. So all you smart people who gave this country away over the last 20-30 years great jobs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141100419320647132006-02-28T04:20:00.000+00:002006-02-28T04:20:00.000+00:00Hey, no need to beat a dead horse here, but respec...Hey, no need to beat a dead horse here, but respect for the English language realy isn't about who works for who or who has the most swag. "I'm richer than you" is not an intelligent response to people who are trying to protect mother English from the grubby embrace of barbarians and dickheads. It's our language, all of ours, and for many of us who never learned another one, it's the only language we have. I don't care how much you make or what kind of car you drive -- you can try to show the old girl a little respect. If you got C's or dropped out or whatever, fine, that doesn't mean you are any less of a person. But you can make a little effort, at least. <BR/><BR/>It's what's wrong with this country; you have too many people wearing gold chains and designer suits and driving $80,000 cars and thinking that makes them hot shit. But if you're ignorant, tasteless, and live an unexamined life, those of us who respect the life of the mind are laughing at you. Not laughing so you'll see us -- laughing about you when you aren't around.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141091026693569982006-02-28T01:43:00.000+00:002006-02-28T01:43:00.000+00:00anon 2/26/2006 10:52:44 said:"english lauguage or ...anon 2/26/2006 10:52:44 said:<BR/><BR/>"english lauguage or not whats your point. There are plenty poor english teachers. Not everyone needs to or care to get the wording on this site correct. Lots of "A" students work for "c" students. That is why people in business hire other people. just answer the posts."<BR/><BR/>This was written with all the skill and command of English that might be expected from a fire hydrant. Maybe the problem with our schools is not with the current crop of students, but with the vast array of illiterate adults that have already been passed through the system. God, have mercy on the future of our once-great country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141072955116639202006-02-27T20:42:00.000+00:002006-02-27T20:42:00.000+00:00"The prices will be flat maybe for years in my est..."The prices will be flat maybe for years in my estimate."<BR/><BR/>FLAT PRICES = BUST.<BR/><BR/>If asset prices do not keep pace with inflation the price is depreciated by the shortfall. I.E. if I get a 3% raise this year and inflation is 5%, I've fallen behind by 2%, which is close to a 2% loss in spending power.<BR/><BR/>I've explained numerous times mathematically how a 10 year stagnation in prices (with 5% inflation) will reduce house prices by 40%.<BR/><BR/>Keep your fallacy alive that flat prices are nothing to be concerned about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141046649560393012006-02-27T13:24:00.000+00:002006-02-27T13:24:00.000+00:00Those of you worried about a housing bubble, shoul...Those of you worried about a housing bubble, should be aware of the Syracuse Home Equity Protection scheme. A similar scheme is available for other areas. Take a look at www.livepropertyservices.com which covers most parts of the US.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141019564052358552006-02-27T05:52:00.000+00:002006-02-27T05:52:00.000+00:00english lauguage or not whats your point. There ar...english lauguage or not whats your point. There are plenty poor english teachers. Not everyone needs to or care to get the wording on this site correct. Lots of "A" students work for "c" students. That is why people in business hire other people. just answer the posts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1141003521150756542006-02-27T01:25:00.000+00:002006-02-27T01:25:00.000+00:00I'll second the last post. Yes, America is a bles...I'll second the last post. Yes, America is a blessedly egalitarian society and we don't ridicule those who haven't had the best educational opportunities. However, I've often been appalled at how the internet and blogging culture seems to treat English like the town whore instead of an elegant lady, as she deserves. Just a little effort in this direction will make your posts more persuasive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140978707963053522006-02-26T18:31:00.000+00:002006-02-26T18:31:00.000+00:00There, their, they're.Were, we're.Your, you're.Pri...There, their, they're.<BR/>Were, we're.<BR/>Your, you're.<BR/>Principle, principal.<BR/>Affect, effect.<BR/>Lose, loose.<BR/>Its, it's.<BR/>Whose, who's.<BR/><BR/>These are all legitimate words in the English language. Please learn the difference in their meanings and usage. If you are unsure, then please try to express yourself without attempting to use these words. When you misuse them, you simply exhibit your own ignorance and demonstrate that an education is not a requirement for purchasing a computer and posting to a blog. This is especially amusing when one who misuses these words is critical of the public schools. Fifth graders are able to learn these things. Anyone else who attended fifth grade should have, as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140887879945877132006-02-25T17:17:00.000+00:002006-02-25T17:17:00.000+00:00utah/ austin/ seattle,bainbridge island, s&s homes...utah/ austin/ seattle,bainbridge island, s&s homes in socal still selling homes no problem and no drop in prices. Were years away from melt down if any. The prices will be flat maybe for years in my estimate. People on all the sites keep talking about rates going up but rates still have not moved much so tell the truth. Rates will have to get to 7.5 to 8 to have a real impact. The only thing that will cause real estate to crash is if china, japan , south korea etc stop buying our bonds but this wont happen no where else to put there money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140863658572478612006-02-25T10:34:00.000+00:002006-02-25T10:34:00.000+00:00check out America's most expensive househttp://ove...check out America's most expensive house<BR/><BR/>http://overvalued.blogspot.com<BR/><BR/>sandmoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140807129629943772006-02-24T18:52:00.000+00:002006-02-24T18:52:00.000+00:00"I just want to say that ANONYMOUS is WAY behind t..."I just want to say that ANONYMOUS is WAY behind the times. I think that max VOLUME (meaning money involved in transactions) peaked 6 or so months ago." <BR/><BR/>The bubble metaphor is about prices, values, not sales volumes. Prices are at an all time high; lower sales are a leading indicator of price declines. The bubble has, indeed, inflated to its max volume.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140798466302181342006-02-24T16:27:00.000+00:002006-02-24T16:27:00.000+00:00thereisnohousingbubble.blogspot.comIs he serious?thereisnohousingbubble.blogspot.com<BR/><BR/>Is he serious?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140791126814431722006-02-24T14:25:00.000+00:002006-02-24T14:25:00.000+00:00Here is an article from a housing bull. Can you po...Here is an article from a housing bull. Can you point out where his calculations are off? I sure can...<BR/><BR/>http://www.modbee.com/business/story/11843013p-12557207c.html<BR/><BR/>He starts out by saying home owners are 34 times as wealthy as renters. He says this means buying a home makes you wealthy. This silly noob has made a classic causation fallacy. The fact is, if you are poor home ownership is out of the question. If you are loaded, renting is out of the question. That is why the statistics are what they are. <BR/><BR/>His next mistake is to say that the monthly expenses of renting equal the monthly expenses of buying. He compares a $1500 rent with a $200,000 mortgage. Maybe that is true in Candyland where he lives, but where I live, renting will run you $1800 a month for a small home that you would need $700,000 to buy. The mortgage payments and tax payments would be at least triple the monthly rent depending on your mortgage. The tax break isn’t going to bridge that gap!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140735090303779072006-02-23T22:51:00.000+00:002006-02-23T22:51:00.000+00:00"But there's one thing that's clear -- the bubble ..."But there's one thing that's clear -- the bubble has inflated to its max volume."<BR/><BR/>I just want to say that ANONYMOUS is WAY behind the times. I think that max VOLUME (meaning money involved in transactions) peaked 6 or so months ago. Since sales are down 30% or so YOY, but the price is only up 10% YOY. It is also becoming more clear that prices maxed out in July. They have stagnated since then, but we will know what is going on come March to clear out the possible seasonal fluctuations. What we do know is that INVENTORY is UP in a huge way in any way you look at it.<BR/><BR/>Eric in DCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140734425493342042006-02-23T22:40:00.000+00:002006-02-23T22:40:00.000+00:00For you all watching condos in Northern Virginia t...For you all watching condos in Northern Virginia the inventory on condos/coops went up 540% YOY!<BR/><BR/>see www.nvar.com for more information<BR/><BR/>Eric in DCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140734161365780262006-02-23T22:36:00.000+00:002006-02-23T22:36:00.000+00:00To answer the questions about seasonal effects. It...To answer the questions about seasonal effects. It is not seasonal. Generally Jan and Feb are the months with the FEWEST listings. The Norther Virginia Association of Realtors (www.nvar.com) recently released the ACTIVE LISTINGS numbers for Jan 06. If we compare them to Jan 05 we show an increase of 392.54% for all listings.<BR/><BR/>Jan 06 - 5876 up 392.54%<BR/>Jan 05 - 1193 down 40.47%<BR/>Jan 04 - 2004 down 41.33%<BR/>Jan 03 - 3416 up 49.50%<BR/>Jan 02 - 2285 down 1.42%<BR/>Jan 01 - 2318 <BR/><BR/>If you think that 392% up in a year is normal then have I got a condo for you!<BR/><BR/>Eric in DCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140650963606784292006-02-22T23:29:00.000+00:002006-02-22T23:29:00.000+00:00Oh, my. Having thought it through now, I can see ...Oh, my. Having thought it through now, I can see that Ann Coulter, Rush Limbaugh, and Fox News are in fact voices of reason and balance, solicitous to those who disagree, thoughtful and balanced and not at all partisan, and whose audience are receptive and indeed eager to listen to opposing arguments. <BR/><BR/>Get real, fool. My analogy stands. The examples I gave -- not all conservatives, mind you -- are an excellent species of the political "bubble" mentality. People who only want to hear their own vehement opinions endless reiterated on TV, radio, and in books. Not so very different from the Islamic mullahs. <BR/><BR/>You may point out that the left fringe has the same types. This is true, but not, IMO, in the same degree or the same numbers. You don't hear a lot about "Left Wing Talk Radio" and CNN, no question about it, is more "fair and balanced" than Fox News.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140586900085924112006-02-22T05:41:00.000+00:002006-02-22T05:41:00.000+00:00Anon wrote:"I read the main blogs religiously; but...Anon wrote:<BR/><BR/><I>"I read the main blogs religiously; but I wonder whether we are simply reinforcing our own beliefs... sort of like the right wingers who read Ann Coulter, listen to Rush Limbaugh, and watch Fox News until they lose touch with reality."</I><BR/><BR/>Why the partisan smears to discuss real estate?<BR/><BR/>Here's some reality you may have lost touch with in your liberal bubble:<BR/><BR/>http://www.freedomagenda.com/iraq/wmd_quotes.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140536980132900662006-02-21T15:49:00.000+00:002006-02-21T15:49:00.000+00:00Better to sell at a small loss now than at a big l...Better to sell at a small loss now than at a big loss later, or worse, to get foreclosed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140502155058091702006-02-21T06:09:00.000+00:002006-02-21T06:09:00.000+00:00Not all sellers paid a lot. Some sellers have owne...Not all sellers paid a lot. Some sellers have owned their houses from before the bubble. They are under to emotional pressure to "not sell at a loss". <BR/><BR/>This crash will be at it's steepest by next November is my guess. Right now sellers holding their prices high are just ensuring that this tree will break and not bend.<BR/><BR/>Some owners MUST sell and when they do, that will cause appraisals for all surrounding houses to drop also.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140476274958077022006-02-20T22:57:00.000+00:002006-02-20T22:57:00.000+00:00I just saw the DVD Our housing bubble is reflect...I just saw the DVD <A HREF="http://www.imdb.com/title/tt0413845" REL="nofollow"/> Our housing bubble is reflective of what happened to ENRON.<BR/><BR/>What has happened to real estate on the coasts is the responsibility of mortgage brokers, realtors, and speculators. In the end, Fannie Mae, Freddie Mack, and the federal regulators will be found responsible. Mortgage bonds sold on Wall Street will eventually be found to have been sold with culpable knowlege they were based on inflated home values. In the end, greed trumps everything.<BR/><BR/>Just like ENRON, the whole sheebang is going to come toppling down. The whole U.S. economy is going to implode eventually.<BR/><BR/>Sorry. That is just how I see it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1140422519253983822006-02-20T08:01:00.000+00:002006-02-20T08:01:00.000+00:00Patience, renters. It's a waiting game now. Migh...Patience, renters. It's a waiting game now. Might be this year, moire likely next year, and perhaps 08/09 -- might be a smooth downward glidepath, maybe a rout. No one can see into the future. But there's one thing that's clear -- the bubble has inflated to its max volume. In the meantime, find a home you like and KEEP RENTING. Be happy to rent, knowing you are collecting hundreds or thousands a month in subsidies from the owner, and keep your powder dry, i.e., keep/save cash in stable investments, because when the great buying opportuntiy arrives, cash will be king.Anonymousnoreply@blogger.com