tag:blogger.com,1999:blog-18675105.post1623905356052150969..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Bubble Sitters and Bitter Renters go mainstream: MSM reporting It's much cheaper to rent now than buybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-18675105.post-19668196388919502582007-04-21T09:46:00.000+01:002007-04-21T09:46:00.000+01:00like there is no pretentious bullshit in LA, SD, S...<I>like there is no pretentious bullshit in LA, SD, SF...give me a break man</I><BR/><BR/>Of course there is but it's maybe 10% of what's going on in Scottsdale. If you don't believe me you're either an idiot or you're one of the Scottsdale phonies who will deny all knowledge no matter what.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9147494443716523142007-04-20T23:24:00.000+01:002007-04-20T23:24:00.000+01:00"pretty pole dancer who would do the photo shoot f..."pretty pole dancer who would do the photo shoot for cheap"<BR/><BR/>...<BR/><BR/>Sounds like a realt-whore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17717294451254909692007-04-20T23:23:00.000+01:002007-04-20T23:23:00.000+01:00Pete said...Keith, I know you hate realtors, but I...<B>Pete said...</B><BR/><I>Keith, I know you hate realtors, but I gotta say that the realtor chick you have on that pic is pretty hot LOL.</I><BR/>&&&&<BR/><BR/>She's probably not a realtor...more likely a model...mayeb just a pretty pole dancer who would do the photo shoot for cheap...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-714515191454882072007-04-20T23:22:00.000+01:002007-04-20T23:22:00.000+01:00I rented for all of 2006, and I'll tell you...it w...I rented for all of 2006, and I'll tell you...it wasn't that great.<BR/><BR/>Yes, I was able to save money. That was cool. But I was at the mercy of a retarded FB who wanted to put his house back on the market, and I was not going to put up with the intrusions (not that anyone ever came to look at the sh|th*le anyway).<BR/><BR/>So I bought a new house from a good builder offering an $80k incentive. I understand that many of you will think I'm dumb for buying now. That's cool. I understand fully that the housing market is probably going to go down quite a bit more, and that I could be in a real bind if I need to sell my house.<BR/><BR/>I financed with a conventional mortgage, can easily afford the payment, am very happy to not be slave to some idiot FB who was trying to get rich flipping houses.<BR/><BR/>To those who find good rental situations: good for you, rent as long as you can and be sure to save your money. You'll be glad you did.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15520434931579501092007-04-20T11:02:00.000+01:002007-04-20T11:02:00.000+01:00"The number of foreclosures is the number of peopl..."The number of foreclosures is the number of people under foreclosure proceedings."<BR/><BR/>No, bonehead! "Number of Foreclosures" is the number of homes foreclosed upon (i.e. procedings have concluded with the bank taking ownershit).<BR/> <BR/>"And some people can file foreclosure"<BR/><BR/>People do not file foreclosure; banks do, you twit!<BR/> <BR/>"1 in 10 homes are not nor will they ever be in foreclosure."<BR/><BR/>I'm sure they said that in 1929 also, twit. <BR/><BR/>Go on now, and fill the empty space between your ears with more of the brainfarts of your hero, Rush Limbaugh.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66790282126506274892007-04-20T04:07:00.000+01:002007-04-20T04:07:00.000+01:00chris g,The number of foreclosures is the number o...chris g,<BR/><BR/>The number of foreclosures is the number of people under foreclosure proceedings. A foreclosure proceeding can take months and months, meaning the same people are counted 2, 3, 4, 5, 6 times ove the course of a year.<BR/><BR/>And some people can file foreclosure, get out and then a few months later file again, getting counted twice yet again. <BR/><BR/>1 in 10 homes are not nor will they ever be in foreclosure. This pure hysteria on your part and some pretty shoddy math to go along with it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12750383888049792622007-04-20T03:32:00.000+01:002007-04-20T03:32:00.000+01:00"If as you say the average household is 3 people t..."If as you say the average household is 3 people then there are 583,000 homes owned in Nevada. So 4700 out of 583,000 is less than 1%. Meaning 99%+ of people are NOT foreclosing and going about their daily lives."<BR/><BR/>Sorry to interject here, but that is a problem. Not exactly the right percentage, since the article says 1 out of 183 households (~0.55%), but that's in only 1 month. Now multiply that rate by 12 months and you're talking 6.6% of all households in foreclosure in a given year. Of course it will be higher because foreclosures are continuing to grow at an alarming rate, so the figure could be close to 10% before the year is over. Think about that --- 1 of every 10 houses in the entire state of Nevada having a foreclosure filing in 2007 (assuming the population is 2.5 million which I did not verify).<BR/><BR/>That, my friend, is a problem.Chrishttps://www.blogger.com/profile/10586722597797330208noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6892286299450433532007-04-20T02:57:00.000+01:002007-04-20T02:57:00.000+01:00That bitch would sell her Grandmother. "It's alwa...That bitch would sell her Grandmother. <BR/><BR/><BR/>"It's always a great time to sell your Grandma."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75545176902559205872007-04-20T02:35:00.000+01:002007-04-20T02:35:00.000+01:00Keith, I know you hate realtors, but I gotta say t...Keith, I know you hate realtors, but I gotta say that the realtor chick you have on that pic is pretty hot LOL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61494095473209964872007-04-19T23:33:00.000+01:002007-04-19T23:33:00.000+01:00As for the forelcosure rate, yes it is insignifica...As for the forelcosure rate, yes it is insignificant when 4700 homes are foreclosed out of a population of 2.5 million. 70% of people own their homes. So 70% of 2.5 milion is 1.75 million. If as ou say the average household is 3 people then there are 583,000 homes owned in Nevada. So 4700 out of 583,000 is less than 1%. Meaning 99%+ of people are NOT foreclosing and going about their daily lives. <BR/><BR/>April 19, 2007 9:15 PM <BR/><BR/><BR/><BR/>Key word is YET. Have you even looked at an ARM and other reset schedules. The majority come due this year and next. Its just a matter of when not if...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32198506352624359172007-04-19T22:15:00.000+01:002007-04-19T22:15:00.000+01:00You recently told us you were living and employed ...<B>You recently told us you were living and employed in souther California. Either YOU are full of shit or managed to move and get re-eomplyed in a hurry. But we know you have been full of shit since the day you started trolling here.</B><BR/><BR/>Are you high? I am the one that wrote that about LV. I have lived in LV for 7 years moron. In case you haven't clued THERE ARE MULTIPLE POSTERS HERE. Some live in SoCal. Some don't.<BR/><BR/>God almighty you really cannot be this stupid.<BR/><BR/>As for the forelcosure rate, yes it is insignificant when 4700 homes are foreclosed out of a population of 2.5 million. 70% of people own their homes. So 70% of 2.5 milion is 1.75 million. If as ou say the average household is 3 people then there are 583,000 homes owned in Nevada. So 4700 out of 583,000 is less than 1%. Meaning 99%+ of people are NOT foreclosing and going about their daily lives.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34779912511325832082007-04-19T22:10:00.000+01:002007-04-19T22:10:00.000+01:00Keith, the chick in the pic in an attorney, not a ...Keith, the chick in the pic in an attorney, not a realtor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32123753953164063572007-04-19T21:13:00.000+01:002007-04-19T21:13:00.000+01:00"So I ask you HPers, where are all these layoffs t..."So I ask you HPers, where are all these layoffs that were supposed to result from the housing "crash"? Either you are all full of shit or all the laid of contrsuction workers, mortgage brokers, realtors, etc are driving up and down the road every morning just for fun. I'm betting on the former myself. "<BR/><BR/>You recently told us you were living and employed in souther California. Either YOU are full of shit or managed to move and get re-eomplyed in a hurry. But we know you have been full of shit since the day you started trolling here.<BR/><BR/>"4738 foreclosures in Nevada!!! Out of a population of 2.5 million. Run for the hills everyone!!"<BR/><BR/>Yes! 4738 foreclosures out of a POPULATION of 2.5 million is significant, you dumb ass, since most homes have an average of 3 t0 occupants and there is a signifant number of people in Reno and L.V. who rent! <BR/><BR/>Keep trying, dumb shit!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73575640291351552802007-04-19T20:56:00.000+01:002007-04-19T20:56:00.000+01:00What's funny is all the AZ haters have probably ne...What's funny is all the AZ haters have probably never been to AZ. Hell they've probably never been 50 miles away from their momma's basement where they live. <BR/><BR/>Or maybe they went to Phoenix hoping to strat fresh, leaving behind the loser life they led in LA. However they quickly realized it was not LA but their own failure that held them back. So instead they blame AZ or Las Vegas, or Tucson or Reno or....<BR/><BR/>For you see a loser is a loser no matter where he lives.<BR/><BR/>And yea I know you all have $800K in the bank and make $175K a year and are married to a perfect 10, ex-Playboy model. Some of you even design pension "systems".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60712881243528066682007-04-19T20:49:00.000+01:002007-04-19T20:49:00.000+01:00frankie,like there is no pretentious bullshit in L...frankie,<BR/><BR/>like there is no pretentious bullshit in LA, SD, SF...give me a break man<BR/><BR/>I dunno what scottdale did to hurt you so much, but hating a city - any city - is retarded.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17690818561667440472007-04-19T20:38:00.000+01:002007-04-19T20:38:00.000+01:00"why or why do all the dead-enders, last-chancers,..."why or why do all the dead-enders, last-chancers, bottom-feeding scum wind up in Phoenix, AZ. looking for a "new beginning"?"<BR/><BR/>Because it's full of losers who are even lower than them and it's the only place left in America where they can actually feel superior to someone else. That's why the California rejects move there, the ones who couldn't hang in CA. Now that I live in CA I can see that secure, successful Californians would never dream of moving to Phoenix in a million years. It's the losers and rejects who go there.<BR/><BR/>Phoenix is also the capitol of easy credit, so people who cannot get approved for a lease and therefore cannot get a place to live in CA go to AZ where everyone else has bad credit too, so everyone therefore gets approved.<BR/><BR/>Vegas is the same, it's a bunch of hard luck losers looking for a last chance.<BR/><BR/>www.scottsdale-sucks.comFrank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69407316794091851302007-04-19T20:36:00.000+01:002007-04-19T20:36:00.000+01:00The costs that come with buying a home — mortgage ...The costs that come with buying a home — mortgage payments, property taxes, fees to real estate agents — remain a lot higher than the costs of renting. So buyers in many places are basically betting that home prices will rise smartly in the near future.<BR/><BR/><BR/>I thought you had to SPEND money to SAVE money?stuckinthecityhttps://www.blogger.com/profile/04103831140035179103noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88029711193454317982007-04-19T20:34:00.000+01:002007-04-19T20:34:00.000+01:00But if you rent you can't artificially inflate you...But if you rent you can't artificially inflate your ego and pretend to be better than renters. And for the ego-oriented homedebtors, the ones in places like Vegas, Scottsdale, and SD, vanity and pretentiousness are far more important than anything.<BR/><BR/>For that kind of desperate homedebtor, being able to say "I own so I'm better than you" is more important than anything & everything else. Fundamentals? Bah, humbug they say!<BR/><BR/>www.scottsdale-sucks.comFrank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60639711680693760022007-04-19T19:59:00.000+01:002007-04-19T19:59:00.000+01:00Well, duh! a day late and a dollar short.Well, duh! a day late and a dollar short.stuckinthecityhttps://www.blogger.com/profile/04103831140035179103noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12807934415726912732007-04-19T19:24:00.000+01:002007-04-19T19:24:00.000+01:003:58,There are always changes happening in the eco...3:58,<BR/><BR/>There are always changes happening in the economy, some good some bad. Point is in Las Vegas, nothing is noticably different from a year ago or even 2 years ago. Every store I go to is as packed as always, same with restaurants, same with bars, theaters, you name it. People are out spending money. I went to have my car serviced last weekend and the salesfloor was packed with people. <BR/><BR/>As of right now the downturn in r/e has simply not affected the local economy. People are going about their everyday business and living their lives.<BR/><BR/>And the thesis that the only reason the economy was booming was due to housing is falling flat. Housing has been down for the past year or more. You'd think the effects would spill over by now. It hasn't not even close. <BR/><BR/>Only people convinced it has are bloggers, renters and goldbugs, each with their own agenda.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30856222440855814642007-04-19T17:41:00.000+01:002007-04-19T17:41:00.000+01:00Keif, my rent did not go up this year. My landlord...Keif, my rent did not go up this year. My landlord went George W. on me: "Stay the course."<BR/><BR/>I guess it's just better to have occupancy right now than to price gouge.<BR/><BR/>One note, while its still cheaper to rent in Southern California IMO, the monthly rent here could buy a freaking huge house almost anywhere else in the country! That sucks!Markus Areliushttps://www.blogger.com/profile/17399016153724723846noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30373515093751608992007-04-19T16:58:00.000+01:002007-04-19T16:58:00.000+01:00I keep reading how the housing crash is supposed t...<I><B>I keep reading how the housing crash is supposed to destroy the Las Vegas. How everyone in Las Vegas works for the REIC and is now unemployed.</I></B><BR/><BR/>Yeah, where'd you read all of that? That's a bit over the top.<BR/><BR/>The reality is that changes ARE occurring (noticed the sub-prime shift, the decline of the $, falling prices, etc). But if you're thinking you're going to witness people jumping out of windows ALA re-run of 1929, then you're going to be disappointed.<BR/><BR/>Instead, do a bit of reading of Germany's Weimar Republic deflation of the mark, as that might be a better scenario to depict what's in store. Sorry: that one didn't include people jumping out of windows, massive lay-offs, etc.<BR/><BR/>Unfortunately (or fortunately, depending on your point of view), economics ain't that exciting.... If you want death and violence, look no further than Iraq. <BR/><BR/>No, the powers that be prefer that you remain oblivious to the changes taking place around you, AKA being a sheeple.... Hell, even those of us who are aware of these trends are largely unable to do anything significant about it, side from plan and react in our best interests (just like the REIC is doing for IT'S members).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53668466545301229572007-04-19T16:14:00.000+01:002007-04-19T16:14:00.000+01:00I'd like rent a house + her!!!I'd like rent a house + her!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65870301421682444582007-04-19T15:53:00.000+01:002007-04-19T15:53:00.000+01:00Anonymous said... What a grip that lady has!Visual...<B>Anonymous said... <BR/>What a grip that lady has!<BR/>Visualize a sausage in that grip..'cause homies have really blown their wad!</B><BR/><BR/>Are you 12?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55160845944416685782007-04-19T15:22:00.000+01:002007-04-19T15:22:00.000+01:004738 foreclosures in Nevada!!! Out of a population...4738 foreclosures in Nevada!!! Out of a population of 2.5 million. Run for the hills everyone!!<BR/><BR/>I keep reading how the housing crash is supposed to destroy the Las Vegas. How everyone in Las Vegas works for the REIC and is now unemployed. Odd that my commute is no different today than it was 6 or 12 months ago. Actually it's longer now than a year ago. Used to take me 10 minutes to get to I-15, now it takes me 15-20. And once I',m on I-15, if I hit 30 MPH, I'm lucky.<BR/><BR/>So I ask you HPers, where are all these layoffs that were supposed to result from the housing "crash"? Either you are all full of shit or all the laid of contrsuction workers, mortgage brokers, realtors, etc are driving up and down the road every morning just for fun. I'm betting on the former myself.Anonymousnoreply@blogger.com