tag:blogger.com,1999:blog-18675105.post115436297039281918..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Incredible leverage: The reason this financial bubble was and will be the biggest in world history - we're in unchartered territory nowbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger60125tag:blogger.com,1999:blog-18675105.post-1160635384384545362006-10-12T07:43:00.000+01:002006-10-12T07:43:00.000+01:00Fallbrook Bathroom Remodel BlogersGreat Fallbrook ...Fallbrook Bathroom Remodel Blogers<BR/><BR/>Great <A HREF="http://fallbrookremodeling.com/sitemap_1.html" REL="nofollow">Fallbrook Bathroom Remodel</A> advice can be founf at http://fallbrookremodeling.com/sitemap_1.html . We are starting a home improvement site for home remodeling experts and home owners.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1158669664340494962006-09-19T13:41:00.000+01:002006-09-19T13:41:00.000+01:00Handy man and RepairmenCan You Fix this and Can yo...Handy man and Repairmen<BR/><BR/>Can You Fix this and Can you fix that well <BR/><BR/><A HREF="http://remodeling11.com/bee.pl?ki=master&remodeling=home " REL="nofollow">tool time home improvement</A> Advice at http://remodeling11.com/bee.pl?ki=master&remodeling=home . If you are Looking for tool time home improvement Then Here it isAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154615836640521642006-08-03T15:37:00.000+01:002006-08-03T15:37:00.000+01:00Your blog I found to be very interesting!I just ca...Your blog I found to be very interesting!<BR/>I just came across your blog and wanted to<BR/>drop you a note telling you how impressed I was with <BR/>the information you have posted here.<BR/>I have a <A HREF="Http://www.credit-center.ws" REL="nofollow">second mortgage interest rates</A><BR/>site.<BR/>Come and check it out if you get time :-)<BR/>Best regards!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154412888151188502006-08-01T07:14:00.000+01:002006-08-01T07:14:00.000+01:00Oops, I meant to post this here under Leverage...h...Oops, I meant to post this here under Leverage...<BR/><BR/>http://www.bloodhoundrealty.com/BloodhoundBlog/?p=155<BR/><BR/>It is, I kid you not, and article by Greg Swann at Bloodhound entitled "How to turn $1.00 into $27,000. in eight years..."<BR/><BR/>A select quote....<BR/>"And paying ahead on your mortgage is just dumb no matter where you buy. With a 100% leveraged property, every penny of appreciation is 100% cash-on-cash profit to you. If you have any excess cash, you should be using it to buy more properties."<BR/><BR/><BR/>His advice - buy a $200K rental property with 100% financing and burn cash at a rate of $569. per month.<BR/><BR/>But it'll all be OK because appreciation of the property will give you a cash windfall of $27,000. AFTER 8 YEARS. Wow, a possible 13.5% return. <BR/><BR/>Oddly enough, there is no mention of the downside risks - like deadbeat tenants, maintenance, or the possiblity that Gregs optimistic scenario could go pear shaped. <BR/><BR/>I cannot believe any person would be advocating this risky investment behaviour in what is at the very least an uncertain market.<BR/><BR/>But I guess it's OK because Greg will be there when you buy and Greg will be there when you sell. And under Greg's scenario, RE commissions will be about $30K (at 6%) - so who really wins on this deal?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154402337877749432006-08-01T04:18:00.000+01:002006-08-01T04:18:00.000+01:00great_boom_ahead:Here's your stability of central ...great_boom_ahead:<BR/><BR/>Here's your stability of central banks:<BR/><BR/>http://br.endernet.org/~akrowne/econ/charts/pe_vs_interestrates-fed.gif<BR/><BR/>http://br.endernet.org/~akrowne/econ/charts/cpi_and_the_fed.png<BR/><BR/>http://br.endernet.org/~akrowne/econ/charts/broad_money_vs_inflation.gif<BR/><BR/>http://br.endernet.org/~akrowne/econ/charts/income_gains_histogram.gif<BR/><BR/>http://br.endernet.org/~akrowne/econ/charts/m3_since_1969.gif<BR/><BR/>Lesson: all central banks do (at least, operating like the US does) is create massive quantities of money which foster instability (bubbles), inflation, and transfer wealth to the rich from everyone else.<BR/><BR/>I might enjoy this game if I was part of the top 1-10% that benefits from it, but apparently I lost the lottery when I was born. That and I have a conscience.<BR/><BR/>There will be a great bust before any great boom. And the great boom will be preceded by the elimination or more likely the drastic reworking of central banks, probably super-nationalizing them (as Europe has done).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154400831363802292006-08-01T03:53:00.000+01:002006-08-01T03:53:00.000+01:00"...there is a flattening out of prices in 06 but ..."...there is a flattening out of prices in 06 but housing will take off in 07." <BR/><BR/>This is so true, just give it a little push and it will take off right down that hill...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154398992531293312006-08-01T03:23:00.000+01:002006-08-01T03:23:00.000+01:00great_boom goes away and we get anon sent here by ...great_boom goes away and we get anon sent here by his realtor. unfortunately they're both right- and it is just so obvious. ECON101<BR/>Last summer I asked my realtor why prices are going up so fast, he told me its simple: SUPPLY and DEMAND. This summer I asked...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154395484455419852006-08-01T02:24:00.000+01:002006-08-01T02:24:00.000+01:00"Actually it was the aliens. They pumped up the bu..."Actually it was the aliens. They pumped up the bubble as a way of turning more humans into pod people who would go out into the fields, diusguised as construction workers, and make crop circles." <BR/><BR/>I resent this remark. Are you anti-Alien? Do you have something against green and gray people? Are you envious of our large, bulbous brains, telepathic abilities, and superior intellect and sight? <BR/><BR/>If it were not for we beings from The Rings of Uranus combining our genetic materials with your DNA and various bacteriological life forms, you would not exist to enjoy life as you do on this lovely blue planetoid. <BR/><BR/>Please be advised that I am immediately reporting this incident to the High Council located in the deep recesses of Uranus. Further displays of disrespect will be considered highly inflammatory and subject to your immediate evacuation from this planetoid and permanent disposal.<BR/><BR/>Sincerely, <BR/><BR/>Eep-blitz-perp-bubba-flop-eeeahhhAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154390285154942432006-08-01T00:58:00.000+01:002006-08-01T00:58:00.000+01:00"I was referred to this hyperbolic site by a realt..."I was referred to this hyperbolic site by a realtor friend for a laugh. You guys have no idea what you are talking about. We are due a correction and flattening out of real estate prices, but a crash simply can't happen with floating currencies and central bank mandates. By early next year when the housing market and economy begin to take off again, you guys will eventually "get it" and just shut up. I won't hang around to witness it, as I have money to make; lots of it."<BR/><BR/>They said the same thing back in '90.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154389974247250202006-08-01T00:52:00.000+01:002006-08-01T00:52:00.000+01:00"Has anyone ever thought this re the bubble: it wa..."Has anyone ever thought this re the bubble: it was the governments sneaky way of increasing taxes without actually raising taxes."<BR/><BR/>Actually it was the aliens. They pumped up the bubble as a way of turning more humans into pod people who would go out into the fields, diusguised as construction workers, and make crop circles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154388208177101742006-08-01T00:23:00.000+01:002006-08-01T00:23:00.000+01:00Here'a story of builder scumbag screwing people ov...Here'a story of builder scumbag screwing people over..... I wanted to eat the morning paper after reading this !!!!<BR/>http://www.azcentral.com/community/pinal/articles/0731TurnerDunn0731.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154387246297368652006-08-01T00:07:00.001+01:002006-08-01T00:07:00.001+01:00PS I do that a lot on this blog!PS I do that a lot on this blog!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154387225285142662006-08-01T00:07:00.000+01:002006-08-01T00:07:00.000+01:00You forgot ROTFLMAOYou forgot ROTFLMAOAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154383019351815632006-07-31T22:56:00.000+01:002006-07-31T22:56:00.000+01:00GLD - gold, a fund to buy the yellow stuffLMFAO - ...GLD - gold, a fund to buy the yellow stuff<BR/><BR/>LMFAO - laughing my f'ing ass off<BR/><BR/>WTF - what the f*ck <BR/><BR/>BTW - by the way<BR/><BR/>IMHO - in my humble opinion<BR/><BR/>MSM - mainstream media<BR/><BR/>HP'er - someone addicted to this site, usually a renter who cashed in at the topAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154382844792697332006-07-31T22:54:00.000+01:002006-07-31T22:54:00.000+01:00"Do you know how many clueless housewives (and hus..."Do you know how many clueless housewives (and husbands) are out there who need a handyman around the house, even to the extent of needing help changing light bulbs?"<BR/><BR/>Oh yes, but how many want to or can pay the price?<BR/>They wont work for fuck all, but expect everyone else to.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154382445060365322006-07-31T22:47:00.000+01:002006-07-31T22:47:00.000+01:00"Why are Saudis, Japanese, Germans, Brits, Aussies..."Why are Saudis, Japanese, Germans, Brits, Aussies, and now Chinese investing hundreds of billions of "worthless" dollars in the US?"<BR/><BR/>Er..because they're worthless, and want rid of them?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154382136030672012006-07-31T22:42:00.000+01:002006-07-31T22:42:00.000+01:00How about someone listing all the Acronyms for a n...How about someone listing all the Acronyms for a new commer to the blog world so they can get up to speed <BR/>what does GLD - LMFAO - WTF - BTW - IMHO Mean<BR/>clue me in on all the Acronyms you use so i can Participate too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154381501664016092006-07-31T22:31:00.000+01:002006-07-31T22:31:00.000+01:00We are due a correction and flattening out of real...<I>We are due a correction and flattening out of real estate prices, but a crash simply can't happen with floating currencies and central bank mandates.</I><BR/><BR/>no, no sirree, never mind that miniscule third world country known as <B>JAPAN</B><BR/><BR/>Fact:<BR/><BR/>Property prices in Japan have declined nationwide for I believe <I>seventeen years</I>, and their interest rates were about 2% or less almost the whole time.<BR/><BR/>They have a modern central bank and paper (fiat) money and have been flooding it with liquidity, monetary and fiscal. Their government debt is now huge (though at negligible rates). <BR/><BR/>And yet, property went lower, and lower and lower, and lower and lower and lower.... And then for most people there, it kept on going lower, worse than they ever thought. And when they thought that, it <I>still</I> went lower. <BR/><BR/>I think this is finally the bottom in Japan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154381358373118642006-07-31T22:29:00.000+01:002006-07-31T22:29:00.000+01:00Roll the printing presses. We have some idiots on...Roll the printing presses. We have some idiots on this website who don't know the difference between a business-cycle and a bi-cycle.<BR/><BR/>I got the same newletter put out by our local NVAR and it said the same thing. "...there is a flattening out of prices in 06 but housing will take off in 07." You all are starting to believe your own b.s. You are suppose to tell your customers (buyers) that line. You are not suppose to believe it yourselves. Get yourself an Ed-Ju-Ma-Ca-Tion.<BR/><BR/>If every realtors dream could come true the boom times in housing would go on forever and ever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154381079735331482006-07-31T22:24:00.000+01:002006-07-31T22:24:00.000+01:00You gloom-and-doomers are a piece of work! The US ...<I>You gloom-and-doomers are a piece of work! The US central bank has been incredibly successful in reducing the boom-bust nature of capitalism. Floating currencies have given policy makers flexibility in smoothing out the business cycle.<BR/><BR/>What you losers call bubbles are evidence of our system's ability to create tremendous wealth and sustain a standard of living that is the envy of the world!</I><BR/><BR/>I'm the first poster, and actually I sort of agree. I am not one of those nutters who go around frothing "fiat money fiat money we're gonna go to hell".<BR/><BR/>But there was a huge, ginormous, elaphantine, brobdingnagian, ruthian, gargantuan, colossal liquidity bubble<BR/><BR/>Three big mistakes by central banks:<BR/><BR/>1) Yuan peg. But China isn't capitalist, they are Leninist-mercantalist, and they are after strategic destruction of US industrial capacity.<BR/><BR/>2) *bad inflation measures used by the Fed*.<BR/><BR/>3) negligible banking regulations and capital reserves due to junk loans.<BR/><BR/><BR/>On the second: The Fed decided to exclude from the inflation measure that it used the ACTUAL HOUSE PRICES, as part of the "cost of shelter". They assumed (cough cough) that there had to be some equivalent equilibrium with rents and so they substituted "owner equivalent rents", what you could rent the house for, as the cost.<BR/><BR/>Yes, this foolish change happened sometime during the late 90's, I believe, but the disparity between prices and rents has exploded now obviously.<BR/><BR/>The Fed's idiotic reluctance to consider that asset price inflation is not "real" inflation is really indefensible, especially with housing. <BR/><BR/>So, during the huge boom---as people were buying buying buying, the rental market was of course stagnant as you had less and less demand. So despite the housing bubble, apparent """inflation""" was low since it saw only rents.<BR/><BR/>And now, as the boom collapses and people stay renting---or are forced to after forced sales/foreclosure---now rents go up and so apparent inflation in rents is exacerbated. <BR/><BR/>If they had measured housing prices correctly, i.e. actual housing prices as well as rentals, in proportion to actual ownership vs rentals, we would have felt that asset inflation earlier and raised rates, a little bit, earlier to cool off the bubble.<BR/><BR/>And now as the cycle turns, the inflation would be lower (and there wouldn't be as much to drop). But nooo, inflation is going to get jammed by the three horsemen of oil, war, and rental prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154380785238538242006-07-31T22:19:00.000+01:002006-07-31T22:19:00.000+01:00great_boom_ahead-Please go back to the Sean Hand-j...great_boom_ahead-<BR/><BR/><BR/>Please go back to the Sean Hand-jobitty blog!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154380492738478032006-07-31T22:14:00.000+01:002006-07-31T22:14:00.000+01:00Debt is not a problem for US households because ou...Debt is not a problem for US households because our net wealth is rising so much from the booming unreal estate market, right?<BR/><BR/>WRONG!!!<BR/><BR/><A HREF="http://tinyurl.com/pr9np" REL="nofollow">Deeper in Debt.</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154379439758637522006-07-31T21:57:00.000+01:002006-07-31T21:57:00.000+01:00I've come to the conclusion that most of the remai...I've come to the conclusion that most of the remaining Housing Cheerleaders like 'BoomAhead' are very similar to those who fall in love with a stock or some other equity/derivative, and defend it to death on messageboards even when writing is not only on the wall, but singed into it!<BR/><BR/>They just focus all their energy into finding obscurities and exceptions to the general direction of the equity (in this case, while not as liquid, the housing market).<BR/><BR/>Instead of seeing the obvious, they concentrate obscurities and string them together to create quite interesting, albeit sadly misdirected assertations.<BR/><BR/>As evidenced by characters including "BoomAhead", there are still many who have not progressed to the "Anger" phase yet and are still in the "Denial" phase.<BR/><BR/>Interesting to note how recently, many have actually progressed to the "Anger" phase.<BR/><BR/>The sooner the cheerleaders go through the cycle, the better for all of us.<BR/><BR/>Regards,<BR/><BR/>MMAfiaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154379008731145062006-07-31T21:50:00.000+01:002006-07-31T21:50:00.000+01:00Why would prices continue to rise when demand fall...Why would prices continue to rise when demand falls way off? I'm seeing prices for lumber AND concrete falling so SOMETHING is going on. Any ideas on why some folks believe these wouldn't correct in a housing bust???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154378873884988472006-07-31T21:47:00.000+01:002006-07-31T21:47:00.000+01:00"This is more BS! The US is not an empire, b/c we ..."This is more BS! The US is not an empire, b/c we don't want to be! We just want to make money. Democracy? Who cares! Authoritarianism? Do they buy our stuff and let us repatriate profits? Good! Fascism? If it works, hell yeah!<BR/><BR/>History is dead!!! Donate the books to the Marxist college or university in your town/city, and let them spin their fanciful, delusional theories; they're all BS!<BR/><BR/>Better yet, have a Marxist-Leninist book-burning party and invite all your friends and family to contribute a book or two."<BR/><BR/><BR/>You seem a bit confused about the reality that has been shoved down your throat.<BR/><BR/>Central Banking *is* a fundamental part of the Communist Manifesto. As a matter of fact, it is the 5th plank in the central platform of the Communist Manifesto.<BR/><BR/>Communism is socialism, and Fascism is national socialism. As such, they both two sides of the same totalitarian/tyrannical coin.<BR/><BR/>I want my Constitution back.Anonymousnoreply@blogger.com