tag:blogger.com,1999:blog-18675105.post1658789636435151663..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.comBlogger86125tag:blogger.com,1999:blog-18675105.post-69511614725517827222008-03-25T22:30:00.000+00:002008-03-25T22:30:00.000+00:00Started reading about a year ago, cause the posts ...Started reading about a year ago, cause the posts were so funny yet educational at the same time. Found the site by linking with Patrick.net, which convinced me NOT to buy back in 2005, despite pressure from parents and friends. Am to this day extremely grateful to everybody for putting alternate views out there for consideration even if I don't always agree with all particulars. Saved me and the Mr. from wasting a tiny yet hard-earned down payment on one of those worthless McMansions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10740107933669137912008-03-25T13:53:00.000+00:002008-03-25T13:53:00.000+00:00been reading only for about 3 months now but every...been reading only for about 3 months now but everything you post is totally on point. just started a job in the real estate market (not a realtor) but we'll see how long it lasts. <BR/><BR/>thanks for all the right on, insightful, truthful, commentary on the current real estate/economic situation!<BR/><BR/>c.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44504896920631582142008-03-25T06:20:00.000+00:002008-03-25T06:20:00.000+00:00Keith,I've been coming here since 2006 when I did ...Keith,<BR/><BR/>I've been coming here since 2006 when I did a search about bubbles on google. Also became very aware of peak oil a few years before that. Pretty soon, HP will be the new mainstream.<BR/><BR/>There are a lot of great threads here and some great opportunities to learn more.<BR/><BR/>Also you introduced me to the Casey Serin saga which I followed closely, thanks for that and thank god it's over.<BR/><BR/>I believe empoyers should be mad at you for all the hours of lost employee productivity! <BR/><BR/>By the way, what's your age?<BR/><BR/>-BCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26708565011540272982008-03-25T05:05:00.000+00:002008-03-25T05:05:00.000+00:00I've got a CPA, and MBA from UCLA and still have p...I've got a CPA, and MBA from UCLA and still have probably learned more about how the macroeconomy works than from anything I've learned in my previous schooling or work in finance.<BR/><BR/>I would demand my tuition back if I were you. What I've learned here is that renters are big cry babies and that they are jealous of people who make a lot of money.<BR/><BR/>March 24, 2008 5:41 PM<BR/><BR/>*******************************<BR/><BR/>I do make a lot of money ($160k and I'm only 32...at least I hope that's good). But this site has taught me how to wisely use that money. For instance, renting for a year vs. buying has saved me at least $100k. Also I would never ask for the tuition money back, because just having the MBA makes you the money regardless of what you learn, which is not saying that I didn't learn a ton during the MBA, just no one was speaking of the information you could find here at HP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81705901546475340442008-03-25T01:44:00.000+00:002008-03-25T01:44:00.000+00:00Spring 2006, almost daily.Proud HP'er.I'd buy the ...Spring 2006, almost daily.<BR/><BR/>Proud HP'er.<BR/><BR/>I'd buy the T-shirt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69762105964752615062008-03-25T01:03:00.000+00:002008-03-25T01:03:00.000+00:00I've been checking in nearly everyday since Since ...I've been checking in nearly everyday since Since Feb '06 and this is my first post.<BR/><BR/>You are right, Ben's is very boring. I stopped reading his site a year ago.<BR/><BR/>Your commentary is sometimes a bit over the top, but that is what is needed right now. Love your steady reference to "Manias, Panics, and Crashes."<BR/><BR/>Funnily, within a year after I started talking with coworkers about the bubble, several proceeded to buy. They all thought housing never goes down and refused to entertain my housingpanic infused exhortations. One is now saying the market has bottomed. LOL.<BR/><BR/>In a weird way, this bubble is just a very entertaining side show. Yes I did read Only Yesterday and Since Yesterday. But, I know that this blow off, as Kunstler would say, is just the first groanings of a much more over riding force waiting to make itself inexorably known to the masses. The inevitable decline in energy supplies will catch growth dependent capitalism, by inconsolable surprise. See peakoil.com, peakoil.net, hubbertpeak.com, theoildrum.com, lifeaftertheoilcrash.net, energybulletin.net (I could go on), for some truly scary shit. This housing/finance bubble stuff is a cake walk by comparison. And no, I don't think the great depression was a cake walk. I wouldn't have wanted to go through that, and I know I don't want to go through what's coming. But this "energy thing" is much much...much...worse.<BR/><BR/>Keep up the good work Keith.<BR/><BR/>--To tired to get a blogger account<BR/><BR/>P.S. I promise I'm not the excessively repetitive Richard or the anonymous that posted the lifeaftertheoilcrash.net link on 04/06.<BR/><BR/>P.P.S. While I'm not against protecting the environment, I'm not a tree hugger, not too worried that the seas will swallow my island, and, as of yet, am still undecided on anthropogenic global warming.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1501278595658173082008-03-24T23:45:00.000+00:002008-03-24T23:45:00.000+00:0014 months? Just in time to stop me from buying a ...14 months? Just in time to stop me from buying a condo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89897364514679837442008-03-24T22:38:00.000+00:002008-03-24T22:38:00.000+00:00Since March 2006 when I had a waking intuitive imp...Since March 2006 when I had a waking intuitive impression of my wife and I in despair over losing our house and our down payment. <BR/><BR/>It was a warning, and we avoided that happening.<BR/><BR/>I also had an impression that this housing thing would bring down the entire economy and would devolve into upheaval and violence.<BR/><BR/>The first part was correct and I expect the other part to be coming soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44216012913447768822008-03-24T21:33:00.000+00:002008-03-24T21:33:00.000+00:00I have been a loyal reader since your inception. T...I have been a loyal reader since your inception. Those were trying times in 05. A lot of pressure to cave and buy a house(I sold summer 02 in Oakland and watched another two years of insanity from the sidelines)coming from friends and broker inlaws. HP helped me keep the faith and believe in myself. Now, I am referred to as a "genius," which of course I don't pretend to be. For fun, I like to Zillow my old house. Still the highwater mark in my old townhouse development. The Zillow price is almost back to where I sold it. Meanwhile, my money continues to grow in gold,commodities and CDs.I am not willing to declare victory until home prices in the core East Bay drop another 20%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77025606134423338382008-03-24T20:33:00.000+00:002008-03-24T20:33:00.000+00:00I already posted but wanted to add that this blog ...I already posted but wanted to add that this blog has been truly uncanny in foresight and has been an incredibly accurate investment guide for so many people. <BR/><BR/>Count me in as being addicted.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56230029970661499212008-03-24T20:32:00.000+00:002008-03-24T20:32:00.000+00:00my brother became a realtor in LA. i remember seei...my brother became a realtor in LA. i remember seeing written on a chalkboard in his office, patrick.net. that led me to bubblemeter as i live in DC and that led me here somehow. <BR/><BR/>i gotta say i imagined keith as a smarter clone of myself, late twenties but it's always bugged me how much he travels, so maybe he is older 40s and retired. who knows, we'll find out in vegas i guessGThttps://www.blogger.com/profile/16967976099367166675noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74137774854283420062008-03-24T19:48:00.000+00:002008-03-24T19:48:00.000+00:00Summer 07. My fiance and I were moving to Phoenix ...Summer 07. My fiance and I were moving to Phoenix from Houston and I asked him why the house prices were so high and the median income wasn't. He said things are just more expensive there. I didn't buy that answer. I started researching on the "Internets" and found your site and I knew I wasn't crazy or cheap. Since I've been in Phoenix, I've been able to rent a luxury condo for half the cost to buy, while I had a friend who walked away from her home and another friend that is holding on, but realizes her home is not worth what she paid. You saved me alot of $$$<BR/><BR/>Thanks Keith!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42206454110678867342008-03-24T19:40:00.000+00:002008-03-24T19:40:00.000+00:00"I would demand my tuition back if I were you. Wha..."I would demand my tuition back if I were you. What I've learned here is that renters are big cry babies and that they are jealous of people who make a lot of money."<BR/><BR/><BR/>u must be one of dem dar dandies from the big bright city - tanned and well ed-u-ma-kated... and believe there is nothing wrong with paying a million dollars for a trailer because it is situated on a rented lot in Malibu with an ocean view.<BR/><BR/>Good luck in the coming decade Junior. You're going to need a lot of it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67008909870694069992008-03-24T19:32:00.000+00:002008-03-24T19:32:00.000+00:00i've been hanging around since 2006...when I decid...i've been hanging around since 2006...when I decided to sell my house and rent. Best financial decision i've made in my life, and it was based on the advice I received from blogs like this, books like SELL NOW, and economists like roubini & schiff.<BR/>Thanks Keith, it's been a hell of a ride. I think my next move is to short the Euro....anyone else thinking of this? Any strategies....I was just going to short the FXE, but maybe futures contracts would be the way to go? Any advice would be appreciated!michaelhttps://www.blogger.com/profile/11757562525905357651noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75641939500257874992008-03-24T19:19:00.000+00:002008-03-24T19:19:00.000+00:00Anonymous said... I would demand my tuition bac...Anonymous said...<BR/><BR/> I would demand my tuition back if I were you. What I've learned here is that renters are big cry babies and that they are jealous of people who make a lot of money.<BR/><BR/>You haven't learned anything here. I bet you can't carry a conversation for 5 minutes without slipping in how much money you make and its always embellished just a bit isn't it?<BR/><BR/>You live for the jealousy of others. snort snortAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54714841291452554972008-03-24T18:57:00.000+00:002008-03-24T18:57:00.000+00:00By the way, whatever happened to Mort...He went un...<I>By the way, whatever happened to Mort...</I><BR/><BR/>He went undercover. ;)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44098892509198152008-03-24T18:11:00.000+00:002008-03-24T18:11:00.000+00:00I think this blog has subliminally destroyed my ta...I think this blog has subliminally destroyed my taste for ramen. I used to love ramen, spiced up with veggies, hot sauce etc., and I ate it all the time, but the past few months I can't even look at the stuff.<BR/><BR/>I guess it's the subconscious realtor connection.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48364006411769888622008-03-24T18:09:00.000+00:002008-03-24T18:09:00.000+00:00It was early 2005, my wife and I had just paid off...It was early 2005, my wife and I had just paid off all our student loans, car loans, and were debt free except for our small mortgage (bought in 2000). We were expecting our child and were looking at buying a larger house. <BR/><BR/>At first I could not understand why couldn't comfortably afford a nicer house? I came across the term housing bubble, found this blog, patrick.net, paranoid Ben's blog, etc.<BR/><BR/>So for the past three years, I've received a wonderful education on housing and economics. Sitting on the sidelines saving up cash for the 1/2 off everything sale.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70611924595368668422008-03-24T18:08:00.000+00:002008-03-24T18:08:00.000+00:00since i could not get a building permit cause i co...since i could not get a building permit cause i could not answer the question "what are you gonna build" without knowing what quality materials would be on sale cheap on the day i started building in comparison to standard materials,,,,,,,,,,,,,,,,,,,,,,,,,,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68911350950653438742008-03-24T18:04:00.000+00:002008-03-24T18:04:00.000+00:00two to three years.two to three years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47173694404429750122008-03-24T18:03:00.000+00:002008-03-24T18:03:00.000+00:00i miss westchester chick or WC as i still get NYC ...i miss westchester chick or WC as i still get NYC hot flashes and its almost tulip time...............................Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67959862393694566662008-03-24T17:53:00.000+00:002008-03-24T17:53:00.000+00:00when i refused to resell myself into slaverywhen i refused to resell myself into slaveryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52515096891604858642008-03-24T17:50:00.000+00:002008-03-24T17:50:00.000+00:00right after i missed out on a very cheap well done...right after i missed out on a very cheap well done mobile in a somewhat retirement community and watched the price double, while i was calculating my using the savings on address and postbox to enable my not being there as i flit about the world free, missing out on well done, low ante, low keep, non associative that seemed a long time keeper can be realy disconcerning..........cost being less than one years average income as calculated by BLSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63108927939047734912008-03-24T17:41:00.000+00:002008-03-24T17:41:00.000+00:00I've got a CPA, and MBA from UCLA and still have p...<I>I've got a CPA, and MBA from UCLA and still have probably learned more about how the macroeconomy works than from anything I've learned in my previous schooling or work in finance.</I><BR/><BR/>I would demand my tuition back if I were you. What I've learned here is that renters are big cry babies and that they are jealous of people who make a lot of money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86235493758956167082008-03-24T16:50:00.000+00:002008-03-24T16:50:00.000+00:00Earlier posting: "ROTFLMFAO! You are 66% right. Ol...Earlier posting: "ROTFLMFAO! You are 66% right. Old and single divorced angry guy loosing his hair. Looks around each morning and thinks "How did this happen to me" and then ranting online about it.<BR/><BR/>Puts the "ooz" in Loozer!"<BR/><BR/>Earlier posting from someone speculating on who Keith is... hmmmm.<BR/><BR/>I suspect that Keith is doing just fine and will continue to do just fine in the years to come. heheheh, - whatever the motive, love the blog, Keith (don't ever change). <BR/><BR/>I've been coming around for ... ? Don't really remember now but it has been long enough. 2005 or so -I remember there being a fellow who went by "The Thinker" that I used to enjoy reading even though I didn't agree with all of his postings. I like the Paul E. Math no b.s. picture and postings too, keyser soze too. Bork a fatty was pretty fun to read. Some of these names are a riot by themselves. I have come around here to have saved myself a good deal of money. More importantly than just money, HP gave me some much needed reassurance that I wasn't going bonkers in a sane world. It turned out to be that I was remaining sane in a bonkers world.<BR/><BR/>Smug BastardAnonymousnoreply@blogger.com