tag:blogger.com,1999:blog-18675105.post2985162999653764814..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: A brief snapshot of why the worldwide financial system is melting downbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-18675105.post-89146870565030517492008-10-07T20:22:00.000+01:002008-10-07T20:22:00.000+01:00Baneed Vieo Can Be Viewed Here:http://patdollard.c...Baneed Vieo Can Be Viewed Here:<BR/><BR/>http://patdollard.com/2008/10/it-is-here-the-banned-snl-skit-cannot-hide-from-louie/jahmanhttps://www.blogger.com/profile/13937228406692693264noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64664177891532361412008-10-02T15:32:00.000+01:002008-10-02T15:32:00.000+01:00There's always exceptions to the rule but generall...There's always exceptions to the rule but generally, republicans are the shallow, money-obsessed freaks of nature.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85664594450021219102008-10-02T03:10:00.000+01:002008-10-02T03:10:00.000+01:00F you bitterrenter!I know a couple in the Sacto ar...F you bitterrenter!<BR/><BR/>I know a couple in the Sacto area that bit for 650 on the first, added another 200 just to f around and add a pool and the like, and now that their POS mcBox is worth about 400k, they are towwing the keys to their stupid lender. <BR/><BR/>Guess what/ They have obama signs all over the front yard of their soon to be repo'd POS. <BR/><BR/>So don't give me the Mccain shit you a-hole.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84605845456704204972008-10-01T23:06:00.000+01:002008-10-01T23:06:00.000+01:00"It really makes you scratch your head...do any of..."It really makes you scratch your head...do any of these people have any sense of responsibility. "<BR/><BR/>People have been punished for taking responsibility for too long. If you're identified as responsible, a line forms of people wanting to use that to f*ck you over.<BR/><BR/>Gotta adapt, or become extinct.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32870836855786777942008-10-01T22:35:00.000+01:002008-10-01T22:35:00.000+01:00Refuse to buy overpriced said... If Pennsylvania G...Refuse to buy overpriced said... <BR/>If Pennsylvania Governor Ed Rendell had his way, they wouldn't even have to worry about a negative impact on their credit score.<BR/><BR/>October 01, 2008 10:16 PM<BR/>--------<BR/>Good for him & the citizens of PA. But out side of Philly I do not think much of the bubble perked up in PAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74292508114237711812008-10-01T22:16:00.000+01:002008-10-01T22:16:00.000+01:00If Pennsylvania Governor Ed Rendell had his way, t...If Pennsylvania Governor Ed Rendell had his way, they wouldn't even have to worry about a negative impact on their credit score.Refuse to buy overpricedhttps://www.blogger.com/profile/04529128673944692315noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80184493514358468082008-10-01T21:05:00.000+01:002008-10-01T21:05:00.000+01:00DAve said... It would be SIMPLE to make walking aw...DAve said... <BR/>It would be SIMPLE to make walking away so damaging financially through tax assessments or huge credit dings etc...<BR/>that people would be more "motivated" to fulfill their obligations.<BR/>If we don't we're going to lose everything I'm afraid.<BR/><BR/>October 01, 2008 7:52 PM<BR/>-------<BR/>We've already lost everything. Where have you been.<BR/>Legal obligations that are the result of a gaming of the system by the banks to me are contrived and therefore do not hve to be honored. What's good for the goose ios good for the gander and its survival of the fittest (not the foolish). If the banks were not so foolish they'd have foreseen this as the product of what the sowed and they would not have done it!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82176867584272712542008-10-01T19:52:00.000+01:002008-10-01T19:52:00.000+01:00It would be SIMPLE to make walking away so damagi...It would be SIMPLE to make walking away so damaging financially through tax assessments or huge credit dings etc...<BR/>that people would be more "motivated" to fulfill their obligations.<BR/>If we don't we're going to lose everything I'm afraid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62417995948175949602008-10-01T19:39:00.000+01:002008-10-01T19:39:00.000+01:00The Tragedy of How Housing Wrecked America: What a...The Tragedy of How Housing Wrecked America: What act are we in?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59411006568243577072008-10-01T19:13:00.000+01:002008-10-01T19:13:00.000+01:00What does it all represent but massive wealth tran...What does it all represent but massive wealth transfer and massive inflation? Banks will fail, maybe all of them, and thus depositors will lose some money, maybe all of it, who knows? But was any money destroyed? No, it was printed in enormous quantities, the world economy was flooded with dollars. People sold their 50K sheetboxes for 500K, 450K of which in the best cases was money provided simply as fiat currency. Then the -450K on the balance sheet was sold and resold in a big virtual reality money market. But no money has been destroyed. It's all out there stored up or sloshing around, driving up the price of everything worth trading. That's right, real estate isn't worth trading, for the most part, it isn't worth much unless you can rent it for a profit, and you can only do that when there are businesses that can pay. The vast quantities of paper that have been created are going to go into something, I would imagine. Who would want to hold a bunch of paper that's rapidly losing it's value. It looks like it's the beginning of the end of the dollar as the world's reserve currency.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2449017078653171442008-10-01T18:49:00.000+01:002008-10-01T18:49:00.000+01:00YOU GOTTA BE REALLY, REALLY STUPID TO BE A REPUBLI...YOU GOTTA BE REALLY, REALLY STUPID TO BE A REPUBLICAN LAPDOG.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43086160923987347242008-10-01T17:54:00.000+01:002008-10-01T17:54:00.000+01:00I view her action & the action of the masses o...I view her action & the action of the masses of sheeple just like her as justice. The sheeple woke up and realized they had been taken and now they are just out flanking the corrupt bankers who forgot that as long as its not a recourse loan then they are on the hook for figuring out how to recoup the losses associated with the sale of an asset that is so overvalued that it cannot satisfy all liens. Multiply this loss by a few million awakenings by the sheeple now "walkers" and you have just desserts and rewards to the banks that gamed the system to make/maximize their profit on the transactions and pass the risks onto the greater economy.<BR/><BR/>When the bailout was for individuals and the banks would take a 25% haircut on each loan it was "Welfare." Now that it was defeated and everyone has or is walking and sticking it to the banks who will now take a 50%+ haircut its "Saving the Economy" when it is really nothing more that Corporate welfare. Sorry but rough justice and individualism is for both the little guy and the banks and not just the former. I say bring on the recession and/or depression and watch all the banks implode. Justice, sweet Justice. They will never play this game again if we just let it happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91193994060562975612008-10-01T16:35:00.000+01:002008-10-01T16:35:00.000+01:00"I thought, this woman is both stupid for paying $..."I thought, this woman is both stupid for paying $500K for an apartment and crazy to think that I should pay to bail he out," said anonymous.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12882082471026444672008-10-01T16:26:00.000+01:002008-10-01T16:26:00.000+01:00How do I know they're republicans? Because they're...How do I know they're republicans? Because they're superficial, greedy and have no sense of shame for what they're doing. When it comes to money, that is the way of the republican. Money is sacred and anything they can do to get their hands on it is a-ok. I mean, we're talking about an ideology based on greed whose adherents would eat their mothers if they thought they'd shit money.<BR/><BR/>Republicans often live beyond their means because for them, being shallow and incredibly materialistic is a way of life. They must "look" prosperous to impress their friends and neighbors. It's everything for them. That's why they hate paying taxes to support the country they profess to love. It takes away money they could be spending on more crap from the mall that will further convince their friends and neighbors of how superior they are due to their many possessions. <BR/><BR/>We all know republicans are like this. It's no secret. It's like saying gay people can decorate well. A stereotype but with a basis in reality.<BR/>----------<BR/>Some blogs, like this one, aren't run by Nazis who censor opinions they don't like. Portland Housing Blog is run by one of those Nazis. As expected, he's a republican shitheel.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83674302105715903192008-10-01T16:01:00.000+01:002008-10-01T16:01:00.000+01:00I see why she walks, however she is just another e...I see why she walks, however she is just another example of Americans not accepting responsibility for their own actions....a disgrace to be sure.....after all, did the bank do anything wrong?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24807255573073142682008-10-01T15:24:00.000+01:002008-10-01T15:24:00.000+01:00Some great statements in here.Keith, I think the n...Some great statements in here.<BR/><BR/>Keith, I think the next outrage and email campaign to Senators has to be about all the $30k millionaires who lived like kings whilst sensible people behaved,... sensible, and got screwed then and continue to get screwed. A third of So. Cal is living in beautiful homes rent free for 18 months, driving Escalades and still frequenting the fancy restaurants because they have no mortgage to pay.<BR/><BR/>They will eventually go rent but still have the Jet Skis, boats, Rolexes, gold coins; you name it, stolen from American tax payers. Even today they still are getting a better deal than us because they don't have a mortgage or rent payment.<BR/><BR/>Let's start putting some heat and the spotlight on these people, who share the blame with Wall Street for getting us into this mess.<BR/><BR/>GT CharlieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59774731557689045672008-10-01T15:11:00.000+01:002008-10-01T15:11:00.000+01:00megs,When she made the deal with the bank for the ...megs,<BR/><BR/>When she made the deal with the bank for the mortgage the law was that if she walked away the bank got the apartment and that's all.<BR/><BR/>Hence that was the deal the bank agreed to. Exercising call options when the strike price is above the market price is retarded - and that's what you think she should do???<BR/><BR/>The bank new the rules when they loaned the money, if they mispriced the risk that's their problem.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25597034005932680932008-10-01T14:31:00.000+01:002008-10-01T14:31:00.000+01:00bitterrenter said...Guarantee that she and the hub...bitterrenter said...<BR/>Guarantee that she and the hubby are McCain voters.<BR/><BR/><BR/>Unless you can prove it or back up your guarantee, shut your stupid mouth!<BR/><BR/>October 01, 2008 4:38 AM<BR/>_________________________<BR/><BR/>Ditto.. I am sick of you guys assuming the worst of McCain and his supporters.<BR/>__________________________<BR/><BR/>Guess what? I lost 20k when I tried to sell my house in KY to take a job in Fl... In order to sell the house, I took a personal loan to cover the difference.. b/c I am honest. <BR/><BR/>I am not stupid, nor completely self-centered. I entered an agreement with a company for a loan and when I sold my house 2 years later.. the market was imploding and I decided better to lose money and get out of it and move on..<BR/><BR/>my credit score is over 800.. I was "rich" according to Obama making almost 160k last year.. ironically got laid off from the fortune 10 company I worked for 8 months after i moved to florida. <BR/><BR/>Bottomline.. common sense is that if you make a deal with someone, you do what you need to do to keep your word. the woman in this story is not professional, nor conservative b/c she seems to have entitlement attitude. <BR/><BR/>I'm one of the adults i guess trying to do the right thing even when it's unpleasant.<BR/><BR/>It's life.. you take risks some pan out, some don't. I am happily renting, just got a new job and will eventually buy a very affordable home when this market bottoms..<BR/><BR/>happy days are ahead of us!Tracey Megerlehttps://www.blogger.com/profile/10267924106568058831noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77455380396546942892008-10-01T14:23:00.000+01:002008-10-01T14:23:00.000+01:00What do you have to say now, the great Americano c...<I>What do you have to say now, the great Americano citizens ? <BR/><BR/>Are you all still hubba, bubba, chubba... about Americana being the greatest nation on Earth, and her citizens are first class to none comparing to other human beings from other nations on this Allah-Given-And-Blessed Green Earth ?<BR/><BR/>Do you want me to post another story about the Great Snapper Turtle or no ?<BR/><BR/>Oh, I forget: Does the Americano ever find the WMD in the Iraq nation or no ???</I><BR/><BR/>Andrew Hac (if this is the real one) has jumped the shark.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12005226466359443412008-10-01T13:49:00.000+01:002008-10-01T13:49:00.000+01:00That video is sad, but I see what happened there. ...That video is sad, but I see what happened there. As a low-income renter, the same thing has happened to me. Lost my job, had to move, couldn't afford a moving service, stuffed my car to the gills with what I could, looked around at the stuff I couldn't take, felt helpless that I couldn't take the rest, then turned and fled, leaving the rest. That family would have taken that stuff if they could have, but they were broke and desperate, proving how precarious was the hold they had on that profligate lifestyle. But many people are short-sighted and impulsive. Dumb and dangerous, but true.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6141851497107269022008-10-01T13:44:00.000+01:002008-10-01T13:44:00.000+01:00Now that's the picture I want to see on the cover ...Now that's the picture I want to see on the cover of TIME mag.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69959965215955095582008-10-01T13:05:00.000+01:002008-10-01T13:05:00.000+01:00As a successful wall street investment Bank, Bear ...As a successful wall street investment Bank, Bear Sterns , Merrill Lynch, Lehman Brothers, etc could comfortably have managed the mortgage portfolios. Instead, they decided to stop using sound banking standards altogether and let the government repossess the bad loans. The banks credit record will not be badly damaged by the decision, but Mr and Ms Banks expects this to recover soon.<BR/><BR/>"Generally speaking, within 5 years after the taxpayers "government" buys all your bad mortgage debt you are about back where you were, so the banks decided we'll take the hit and live with it."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41451351753053536472008-10-01T08:03:00.000+01:002008-10-01T08:03:00.000+01:00bitterrenter said...Guarantee that she and the hub...bitterrenter said...<BR/>Guarantee that she and the hubby are McCain voters.<BR/><BR/><BR/>Unless you can prove it or back up your guarantee, shut your stupid mouth!<BR/><BR/>----------------------------------<BR/><BR/>but that is not the way of liberals. Prove something? say something actually based in fact?<BR/><BR/>No, name calling and degrading your opponent is the compassionate liberal way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14881672881979433022008-10-01T08:01:00.000+01:002008-10-01T08:01:00.000+01:00bitterrenter said... Guarantee that she and the...bitterrenter said...<BR/><BR/> Guarantee that she and the hubby are McCain voters.<BR/><BR/>-----------------------------<BR/><BR/>only yamyam would say a thing like that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69307971196056154502008-10-01T08:00:00.000+01:002008-10-01T08:00:00.000+01:00Guarantee that she and the hubby are McCain voters...Guarantee that she and the hubby are McCain voters.<BR/><BR/>----------------------------------<BR/><BR/>uh, no. only democrats would be that stupid to buy an apartment in CA for 500k.Anonymousnoreply@blogger.com