tag:blogger.com,1999:blog-18675105.post1436801794711910969..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Stupid Question of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger85125tag:blogger.com,1999:blog-18675105.post-30734310061666634592007-11-03T19:37:00.000+00:002007-11-03T19:37:00.000+00:00us shares 1.5%bonds (some foreign) 0.3%uk shares 1...us shares 1.5%<BR/>bonds (some foreign) 0.3%<BR/>uk shares 12.5%<BR/><BR/>remainder in cash earning around 6% pa on average.<BR/><BR/>had a spread bet (long) on gold as a hedge w/about another 15% recently, but bottled out of it for a very small profit because it wasn't working well psychologically as a hedge. <BR/><BR/>possibly not very rational but what good is a strategy supposed to increase financial security if it affects one's sleep (and therefore one's work: where pay is most definitely performance related)!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55365414805788317012007-11-02T22:26:00.000+00:002007-11-02T22:26:00.000+00:00Happy Homedebtor said... To Turdly: 1. You d...Happy Homedebtor said...<BR/><BR/> To Turdly:<BR/><BR/> 1. You do know that a ROTH IRA is never taxed once the money goes in, right, since contributions are taxed before they go in? ;) Man, you guys actually know less about financials than I do...sad.<BR/><BR/> 2. You do know that, assuming you work for "the man" and not yourself, the only way to get the free money from an employer with matching is to contribute to your 401k, right? So that's a 50-100% return on 3-10% of your salary (I've got a couple friends who've found deals at the high-end) instantly, guaranteed, free.<BR/><BR/> 3. You do know that you can roll a 401K over to a Roth, right? Yeah - in a year or 2, you can do a direct-rollover, right now it's a bit trickier. You just pay some taxes on the conversion obviously - but since you're going to be in a higher tax bracket later...<BR/><BR/> In short: my GOD, you people have no financial savvy at all, you're just shooting in the dark with a gun you didn't even read the manual for!<BR/><BR/> I forgot: after 2010, we're going to shift EVERYTHING we can into Roths...earlier if the Dems push through tax increases. For the few - if any of you - who really do make gobs of money and want to not get screwed with 70% tax brackets to prop up social security, I suggest Roths all the way. :)<BR/><BR/> November 02, 2007 1:57 PM<BR/><BR/><BR/>Just remember, THE RULES CAN BE CHANGED. Just because under current law Roth's aren't taxed, doesn't mean that when push comes to shove it will be left alone. Gold was legal until FDR stole it from Americans and repriced it. All bets are off when things go to hell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48234798017248092092007-11-02T19:54:00.000+00:002007-11-02T19:54:00.000+00:00My financial strategy is simple. Hold nothing in ...My financial strategy is simple. Hold nothing in USD except the change in my pocket. Hold liquid gold (GLD ETF), short the housing market (SRS) and get my popcorn ready once China finally decides to let us know what inflation REALLY looks like.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6424485384487375682007-11-02T19:35:00.000+00:002007-11-02T19:35:00.000+00:00GOLD TO DA MOON ALICE!!!!!!GOLD TO DA MOON ALICE!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89424952816788904922007-11-02T16:17:00.000+00:002007-11-02T16:17:00.000+00:00>> I've gone back to living like a hippie or colle...>> I've gone back to living like a hippie or college student. I was much better off and much happier than when I had credit and pursued the "American Dream." Any trolls think I'm a loser or un-American. Kiss my ass!<BR/><BR/>Why, you un-American Hippie Loser!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10653174330794171212007-11-02T15:56:00.000+00:002007-11-02T15:56:00.000+00:00Buying gold, commodity and oil stocks now is like ...Buying gold, commodity and oil stocks now is like buying NASDAQ in 1999. You may catch the end of the rise, but will most likely get caught in the crash.<BR/>The US dollar will return in strength.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61653137238967447412007-11-02T15:15:00.000+00:002007-11-02T15:15:00.000+00:00For the few - if any of you - who really do make g...For the few - if any of you - who really do make gobs of money and want to not get screwed with 70% tax brackets to prop up social security, I suggest Roths all the way.<BR/>---------------------------------<BR/><BR/>Uh, sorry, they already thought of that one. I make too much (more than 160k AGI) to contribute to a Roth IRA.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49004826945509449852007-11-02T14:39:00.000+00:002007-11-02T14:39:00.000+00:00Hookers and blow, Keith. Hookers and blow.Hookers and blow, Keith. Hookers and blow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40947348898498416842007-11-02T13:57:00.000+00:002007-11-02T13:57:00.000+00:00To Turdly:1. You do know that a ROTH IRA is never ...To Turdly:<BR/><BR/>1. You do know that a ROTH IRA is never taxed once the money goes in, right, since contributions are taxed before they go in? ;) Man, you guys actually know less about financials than I do...sad.<BR/><BR/>2. You do know that, assuming you work for "the man" and not yourself, the only way to get the free money from an employer with matching is to contribute to your 401k, right? So that's a 50-100% return on 3-10% of your salary (I've got a couple friends who've found deals at the high-end) instantly, guaranteed, free. <BR/><BR/>3. You do know that you can roll a 401K over to a Roth, right? Yeah - in a year or 2, you can do a direct-rollover, right now it's a bit trickier. You just pay some taxes on the conversion obviously - but since you're going to be in a higher tax bracket later...<BR/><BR/>In short: my GOD, you people have no financial savvy at all, you're just shooting in the dark with a gun you didn't even read the manual for!<BR/><BR/>I forgot: after 2010, we're going to shift EVERYTHING we can into Roths...earlier if the Dems push through tax increases. For the few - if any of you - who really do make gobs of money and want to not get screwed with 70% tax brackets to prop up social security, I suggest Roths all the way. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80224189809629716322007-11-02T11:45:00.000+00:002007-11-02T11:45:00.000+00:00"burn baby burn said...I bought guns and ammo so I..."burn baby burn said...<BR/>I bought guns and ammo so I can take anything else I might need from people that did not buy guns and ammo."<BR/><BR/>So bbb, what's your plan for taking what you need from others who also bought guns and ammo? How will you know who has guns and ammo? They might be letting you know VERY LOUDLY.<BR/>Hey, you just reminded me....I'll need a shovel.<BR/><BR/><BR/><BR/>Oh yes, and body armour, don't forget body armour. You need type 3a or 4 with the plates, It doesn't half give you an edge when you're up against someone who couldn't hit a cows arse with a banjo!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17557706043538006922007-11-02T11:04:00.000+00:002007-11-02T11:04:00.000+00:00Clearing my mortgage before I need to renegotiate ...Clearing my mortgage before I need to renegotiate my term, where I certainly won't get 4.5% fixed.<BR/>Keeping cash in an interest only account, waiting until the markets really drop.<BR/>Existing investments are in high-dividend paying blue chips. Even if/when they drop, they still have a strong history of payouts, and most of those companies have been around long enough and had enough success to weather the upcoming storm.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15089428034988030162007-11-02T10:04:00.000+00:002007-11-02T10:04:00.000+00:00All one big scam, and they're trying to keep a lid...All one big scam, and they're trying to keep a lid on it<BR/><BR/><BR/>Merrill Lynch in deals to delay mortgage losses: report<BR/><BR/>LONDON (MarketWatch) -- Merrill Lynch has engaged in deals with hedge funds to delay when it had to record losses on risky mortgage-backed securities, and the Securities and Exchange Commission has started a probe looking at how Wall Street is valuing mortgage securities, The Wall Street Journal reported Friday, citing people close to the situation. In one deal, a hedge fund bought $1 billion in commercial paper issued by a Merrill-related entity containing mortgages, the newspaper said. In exchange, the hedge fund had the right to sell back the commercial paper to Merrill itself after one year for a guaranteed minimum return, it added, citing an anonymous source. In recent weeks, Merrill has been scrambling to line up hedge funds to take as much as $5 billion in mortgage-related securities, people close to the situation said, the report addedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3435093008806585162007-11-02T08:34:00.000+00:002007-11-02T08:34:00.000+00:00sold my biz, and have diversified my bucks amongs ...sold my biz, and have diversified my bucks amongs foreign dividend paying stocks (www.europac.net), CanRoys (mostly oil/gas/energy), some shippers, some US CD's and still trying to figure out what else to buy...<BR/><BR/>Some good suggestions here.<BR/><BR/>BTW, Canada's CanRoys are becoming ripe picking for some of the SWF's looking for good energy assets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65722177216688232562007-11-02T07:44:00.000+00:002007-11-02T07:44:00.000+00:00Sometimes the combination of the "Right way", "Wro...Sometimes the combination of the "Right way", "Wrong way" and "Same way" is the best way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42283004435443682262007-11-02T06:32:00.000+00:002007-11-02T06:32:00.000+00:00I've gone back to living like a hippie or college ...I've gone back to living like a hippie or college student. I was much better off and much happier than when I had credit and pursued the "American Dream." Any trolls think I'm a loser or un-American. Kiss my ass!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80367917165847539562007-11-02T06:22:00.000+00:002007-11-02T06:22:00.000+00:002008 puts on mortgage banks (If there is a deflati...2008 puts on mortgage banks (If there is a deflationary crash)<BR/><BR/>Double Long Latin American mutual funds (for all the flood of dollars flying out the trade deficit if they can keep the inflation going)<BR/><BR/>GLD (Only U.S kooks by gold. The market is really moved by Arabs buying gold, price of oil going up means gold goes up.)<BR/><BR/>GIM (For the dividend return)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91640594915592877502007-11-02T05:36:00.000+00:002007-11-02T05:36:00.000+00:00First American in mortgage fraud probeA major US r...First American in mortgage fraud probe<BR/><BR/>A major US real estate appraisal company was accused on Thursday of conspiring with one of the country’s biggest banks to inflate home prices in a scheme that New York state officials said helped fuel the mortgage crisis.<BR/><BR/>Andrew Cuomo, New York attorney-general, filed a lawsuit against First American saying its eAppraiseIT subsidiary gave in to pressure from Washington Mutual, the biggest savings and loans group in the US, to use a preferred list of appraisers who allegedly provided inflated values for homes.<BR/><BR/>EDITOR’S CHOICE<BR/>US could be heading for a slowdown - Nov-01<BR/><BR/>US tops global competitiveness index - Oct-31<BR/><BR/>Data add to gloom on US economy - Oct-30<BR/><BR/>View of the day: US dollar - Oct-30<BR/><BR/>Lawrence Summers: How America must handle the falling dollar - Oct-28<BR/><BR/>Clive Crook: Settle down for some budget theatre - Oct-28<BR/><BR/>WaMu allegedly profited from the scheme because it allowed the lender to close more home loans at greater values. eAppraiseIT in turn became WaMu’s biggest client, according to the lawsuit. “We tend to look for cases that are emblematic of systemic industry-wide fraud and we believe this case does that,” Mr Cuomo told a news conference.<BR/><BR/>pwndAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43521104925023611582007-11-02T05:26:00.000+00:002007-11-02T05:26:00.000+00:00Jan RTH puts because consumer is tapped out.Jan RTH puts because consumer is tapped out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71829275865316494862007-11-02T03:58:00.000+00:002007-11-02T03:58:00.000+00:00I love those posters who say they have 100k or 800...I love those posters who say they have 100k or 800k of equity in their homes, have savings, and a "good job". Yes but of course as there is a serious recession and the consequences of the financial bubbles come to pass your "equity" and "savings" and "good job" may well be compromised. Don't be smug its not as simple as "I own" I will be o.k. or the renters are stupid by saving at 5% (yeah and the debt holders are brilliant for hanging on to a depreciating house). News flash: you will all be affected. Yes, all will be affected.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83652466053126810382007-11-02T03:51:00.001+00:002007-11-02T03:51:00.001+00:00"burn baby burn said... I bought guns and ammo so ..."burn baby burn said... <BR/>I bought guns and ammo so I can take anything else I might need from people that did not buy guns and ammo."<BR/><BR/>So bbb, what's your plan for taking what you need from others who also bought guns and ammo? How will you know who has guns and ammo? They might be letting you know VERY LOUDLY.<BR/>Hey, you just reminded me....I'll need a shovel.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72494563802076682612007-11-02T03:51:00.000+00:002007-11-02T03:51:00.000+00:00concerned said... I am into positively geared real...concerned said... <BR/>I am into positively geared real estate and cash. Have bit og gold just in case of a war, which I would never sell.<BR/>----<BR/><BR/>Unless you are a big gold player like the GIM guys, buy and hold. IF things REALLY sh!t out, you will kick your self for selling at $900.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24791906297781941352007-11-02T03:41:00.000+00:002007-11-02T03:41:00.000+00:00...oh! and lottery sales tickets!!!...oh! and lottery sales tickets!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-731655046268159382007-11-02T03:39:00.000+00:002007-11-02T03:39:00.000+00:00I have some gold and silver, but not too much. 90...I have some gold and silver, but not too much. 900 is possible but it's getting expensive. House flippers got in trouble busting budgets to get into the next big thing. Gold might be there pretty soon!<BR/><BR/>The Dow is a sham. Once the Baby Boomer pull out you better be gone already.<BR/><BR/>The dollar will be back once the Americans take their bitter medicine. Probably 12/2009 - 03/2010 once Hillary finds out JUST how bad it really is. Assuming she is not just another globalist/neo-con in a donkey suit. <BR/><BR/>Around that time RE will be good buys. <BR/><BR/>The only thing that I am sure will increase is TAXES!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18652450528942162572007-11-02T03:21:00.000+00:002007-11-02T03:21:00.000+00:00Keith-After reading these two articles, I'm no lon...Keith-<BR/><BR/>After reading these two articles, I'm no longer convinced that Bernanke is the devil we made him out to be.<BR/><BR/>By Ben B. Himself:<BR/>http://tinyurl.com/3d7ex4<BR/><BR/>By Dam Amerman, over at Safehaven<BR/>http://tinyurl.com/3c247d<BR/><BR/><BR/>Before you dismiss me totally, consider:<BR/><BR/>The greatest harm that will be done to the young generations is the legally binding entitlements that the boomers have promised themselves.<BR/><BR/>Inflating away the cost of those obligations will help the young tremendously.<BR/><BR/>High inflation will reduce the cost of mortgage debt, student loans, and future entitlement payments, that those young people never even had a chance to vote on.<BR/><BR/>Who gets hurt by inflation: Debt holders (banks, pension funds, etc.)<BR/><BR/>We are now at a point where the whole world knows the dollar is going down. But future generations are SHORT the dollar right now - they don't have any!<BR/><BR/>I think Ben B. is a very different animal than Easy Al.<BR/><BR/>I also think that devaluing the dollar - which he is doing in broad daylight - is going to be to their benefit. Besides, anyone who has dollars and knows what is going on has multiple easy options for getting out of the dollar. Think about it - China can't get out of the dollar tomorrow, but you or I can easily, since we have so few of them relatively speaking.<BR/><BR/>So who gets reamed? China, Japan, the big gov't pension scam, etc.<BR/><BR/>Inflation is great for the young people of America - read the articles.<BR/><BR/>Thanks for listening,<BR/><BR/>BrianAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74476208767827578892007-11-02T03:09:00.000+00:002007-11-02T03:09:00.000+00:00Spending my cash on hookers, hookers have not infl...Spending my cash on hookers, hookers have not inflated prices as of yet so take advantage while you can.<BR/><BR/>I keep looking for a prostitution ETF but cannot find one, I figure that would be the safest investment in volitile times on the planet.Anonymousnoreply@blogger.com