tag:blogger.com,1999:blog-18675105.post3136673099378775875..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.comBlogger66125tag:blogger.com,1999:blog-18675105.post-4840086839931594042008-01-17T11:11:00.000+00:002008-01-17T11:11:00.000+00:00I don't even bother anymore! I'm still getting cal...I don't even bother anymore! I'm still getting calls from former prospective clients who thought I was full of $hit a year or two ago, panicked and NOW need my help. Bottom line: I can not help them anymore. Toooooo late!<BR/><BR/>I ought to just change my number!Princess Mononokehttps://www.blogger.com/profile/11062180421571379213noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58059567703788643112008-01-16T21:05:00.000+00:002008-01-16T21:05:00.000+00:00Peter Schiff is on NBC news tonight 1/16/08.Peter Schiff is on NBC news tonight 1/16/08.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84902570876626551292008-01-16T19:07:00.000+00:002008-01-16T19:07:00.000+00:00"I hope you guys are happy living in your shitty a..."I hope you guys are happy living in your shitty apartment while I live in my nice house."<BR/><BR/>Why do you assume all HP'ers are renters? And there's nothing wrong with renting. Multi-millionaires like Peter Schiff choose to rent. I also am happy living in my nice house. Mine is paid for, yours?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84541285745277017012008-01-16T19:04:00.000+00:002008-01-16T19:04:00.000+00:00" Anonymous said... Real estate over the long term..." Anonymous said... <BR/>Real estate over the long term does not go down in value. But you HP'ers won't buy that. I hope you guys are happy living in your shitty apartment while I live in my nice house."<BR/><BR/>First of all you must define "value" and specify the time frame. Whenever you use the word "always" you need to back it up. Not to mention factoring in macro economic factors such as the current imploding bubble with it's knock on effects. Markets, including RE ebb and flow. Are you going to fault HP'ers for choosing to buy at the right time? Put your money where your mouth is and get out and buy some AZ condos! It's a great time to buy,right?<BR/>'<BR/><BR/>January 16, 2008 1:22 AMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1797469379016100242008-01-16T01:22:00.000+00:002008-01-16T01:22:00.000+00:00Real estate over the long term does not go down in...Real estate over the long term does not go down in value. But you HP'ers won't buy that. I hope you guys are happy living in your shitty apartment while I live in my nice house.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57282927997552697032008-01-15T05:03:00.000+00:002008-01-15T05:03:00.000+00:00Around here most people own. I find it best not t...Around here most people own. I find it best not to say anything.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66863477332114115512008-01-15T04:42:00.000+00:002008-01-15T04:42:00.000+00:00Problem with saying anything is , UNLESS they are ...Problem with saying anything is , UNLESS they are "loved ones" does anything I say to some fool make a difference to their denial state of mind. My dear sister, bless her soul. Due to her Christian bible thumping hubbie, thinks that we (US)love the world and do everything for selfless Christian love sharing for Democracy.<BR/><BR/>Housing is an investment, not a consumer item. Peak Oil is fake. Gold and silver are bad. His stock holdings consist of E-Trade, Krispy Kreme, Home Depot, Wal-mart, and Apple.<BR/><BR/>Despite most being down to slaughter level. His biblical beliefs state that storing silver and gold are bad, and quotes some slave belief..quote<BR/><BR/>All I know is that he still thinks he is worth over $ million, But has really been cut in half in the last three months.<BR/><BR/><BR/>Only to get cut in half again, and again and again. Will he realize that all is not well in the world.<BR/><BR/>I think the straw that breaks his back is when he realizes that his house is not worth $400,000, but only $250,000 or less.<BR/><BR/><BR/>Then he may wake up from his denial.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8046954507344577992008-01-15T04:08:00.000+00:002008-01-15T04:08:00.000+00:00No one likes to talk about the die off Keith!I kee...No one likes to talk about the die off Keith!<BR/><BR/>I keep mostly quiet about it.<BR/><BR/>Bwhahahahahahhahahahahaha!!!!!!!!!Roccmanhttps://www.blogger.com/profile/13941353492023923157noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55336926654740679412008-01-15T03:39:00.000+00:002008-01-15T03:39:00.000+00:00I laugh up my sleave, it keeps me from getting the...I laugh up my sleave, it keeps me from getting the bloody nose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31412441301025785252008-01-15T01:35:00.000+00:002008-01-15T01:35:00.000+00:00Heck yeah I talk about it.I've saved some. Others...Heck yeah I talk about it.<BR/><BR/>I've saved some. Others are in denial and went ahead and walked off that cliff.<BR/><BR/>If I offend someone, so be it. It isn't the first time and won't be the last. <BR/><BR/>As my mom has always told me, it is better that you leave a room having made an impression whether it is good or bad than to not have made one at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31267022087985210432008-01-14T23:07:00.000+00:002008-01-14T23:07:00.000+00:00"Anonymous said... You were smart enough to avoid ..."Anonymous said... <BR/>You were smart enough to avoid the house bubble. Are you smart enough to see peak oil coming?<BR/><BR/>January 14, 2008 9:19 PM"<BR/><BR/>OF COURSE WE ARE!!! Charles Hugh Smith (one of the links here) wrote on this extensively years ago. Personally, I have read three books on the subject. Next question?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74023341944637868532008-01-14T23:04:00.000+00:002008-01-14T23:04:00.000+00:00I used to send info on the crash and the recession...I used to send info on the crash and the recession/depression to everyone I knew. When one relative began blocking my emails, I sent out an email that said I wasn't going to bother anymore. A few people complained that I was stopping. Those people became my new email list.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17530406657908313612008-01-14T23:01:00.000+00:002008-01-14T23:01:00.000+00:00"Semi-Unemployed" and soon to be divorced "Loan Of..."Semi-Unemployed" and soon to be divorced "Loan Officer"<BR/><BR/>You poor guy! Good luck!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60042464301381287722008-01-14T21:41:00.000+00:002008-01-14T21:41:00.000+00:00Well, haven't heard any "it's a great time to buy!...Well, haven't heard any "it's a great time to buy!" speeches from anyone but realtors. <BR/><BR/>Actually, they are pretty funny....insisting that there are customers out there. (I guess "out there" means Mars?) I haven't seen a sold sign in weeks.<BR/><BR/>Anyway...instead of people talking about how much money they "made", I've been hearing more ridicule of what realtors have to say....get any group of homeowners together here, and mention some of the staging tips that realtors insist on. God forbid you have two appliances on your countertop, or have a wall in a color other than beige! <BR/><BR/>You know that realtors are pretty much hitting bottom when people openly say they would rather have their kids grow up to drive the porta potty emptying truck, because at least they would be providing a valuable service while they are slinging shit everywhere....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64304222507721018442008-01-14T21:19:00.000+00:002008-01-14T21:19:00.000+00:00You were smart enough to avoid the house bubble. ...You were smart enough to avoid the house bubble. Are you smart enough to see peak oil coming?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13799465278042880052008-01-14T21:13:00.000+00:002008-01-14T21:13:00.000+00:00happy homedebtor said... "At least I won't be deci...<B> happy homedebtor said... "At least I won't be decimated with a 50-75% correction like gold in the next 2-3 years."</B><BR/><BR/>If you really believe that government RE bailouts are on the way, then how the hell can you also expect gold prices to crash? Gold prices are increasing because money supplies around the world are increasing. Just like RE prices increased as more credit became available. You don't need a PhD in economics to see what is happening. <BR/><BR/>You however might do well to read a book or two and learn some basic economics, before it's too late.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82239412869733684212008-01-14T21:04:00.000+00:002008-01-14T21:04:00.000+00:00For the most part I keep quiet because when I do s...For the most part I keep quiet because when I do speak up DENIAL is all I get in return. I listen to them and point out the factual weaknesses in the points they make (if the cite any facts at all).<BR/><BR/>I would make my well reasoned fact based balanced analysis and from it draw a conclusion that is reasonable only to realize it was all just wasted time, energy, effort and breath as the just pan my entire position based upon DENIAL and nothing else.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43109227939483195952008-01-14T21:00:00.000+00:002008-01-14T21:00:00.000+00:00I read once a story about a young teenager in 1914...I read once a story about a young teenager in 1914 Belgium who loudly heckled town-incoming foreign troops the very first week the war started, like it was some kind of lost fotballgame. He understood deadly late that war actually was something quite different. <BR/><BR/>Similarly; then one can read about smart remarks on the theme "I told you so" leading to fists and handguns comming out from nowhere - then one knows its high time for a more unassuming profile.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45418049793033523252008-01-14T20:46:00.000+00:002008-01-14T20:46:00.000+00:00I've been a housing bear since around 2001, here i...I've been a housing bear since around 2001, here in Silicon Valley. To me, housing seemed always ridiculously priced by comparative standards. When prices really began to take off, having a front row seat for the dot com bubble allowed me to recognize a secondary bubble for what it was.<BR/><BR/>Right around the peak of housing, in 2005, I had MANY debates regarding what I thought would be a large correction in housing moving forward. It was a very common topic of conversation.<BR/><BR/>Nowadays, I just keep quiet. I have friends that are borderline on their capability to own their homes and many are also now unemployed. So when the topic of housing comes up, I generally just nod when folks who are still optimistic are talking about it. It is somewhat strange because knowing me, they expect me to bring up counterpoints to their ideas. But I often just respond with the "its your money, do whatever you want with it" phrase.<BR/><BR/>Oh, and to the moronic poster (or posters) who continuously claim that the government will swoop in and save people from losing their houses, you are mistaken. The government cannot create supply and demand. The government cannot create jobs. And the government will not lend you money.<BR/><BR/>Any actions being taken now which give the illusion of "helping" the common people exist merely to mitigate the damage to the banks. And ultimately, it is the banks and lenders that control the supply of credit.<BR/><BR/>As the mortgage debacle continues to unfold, the great engine that helped fuel this housing bubble (mainly the derivatives market) no longer exists. So loan reselling is rapidly dwindling. Without that faucet running, people will not be able to purchase homes since easy credit lending will be nonexistent since it will be the banks that ultimately have to incur the risk, as opposed to simply selling of their debt in CDOs. And that ultimately, will lead to a normalization of housing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44088608304644916752008-01-14T20:43:00.000+00:002008-01-14T20:43:00.000+00:00It's really bad here in Portland. The city already...It's really bad here in Portland. The city already has a bad case of superiority so they can't fathom a real estate downturn. They think everyone wants to live here.<BR/><BR/>When I, a renter, talk of the housing crash I get comments about my "sour grapes" for not participating in the madness. Then there's the veiled threats of MY financial ruin if THEY lose money on their houses. Boils down to "You better hope my house doesn't lose value or we'll see a deep recession and you'll suffer to!"<BR/><BR/>Makes me want to see it all crash harder and faster.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9844259236672614152008-01-14T20:22:00.000+00:002008-01-14T20:22:00.000+00:00re: Harvard doctorIf you want to know how to inves...re: Harvard doctor<BR/><BR/>If you want to know how to invest your money, ask 10 doctors what they're into. Then whatever the majority says, do the opposite. <BR/><BR/>re: happy homedebtor<BR/><BR/>Hitlery and McIdiot will talk about "saving homeowners" till they're blue in the face. they aren't talking about you though. look at Hitlery's latest plan. nothing but mentions of low income and poor. unless you make $20K a year you aren't getting shit.<BR/><BR/>oh and your decimated 401/IRA could have been prevented had you done some research and didn't listen to "financial experts". I moved 90% of my 401k/IRA/SEP money in May 2007 from s&p index funds to metals, SRS, cash, bonds, and treasuries. my return for 2007 was close to 30%. so far 2008 is looking to be even better.<BR/><BR/>oh and while your paying your motgage, tax, insurance, hoa, maintenance and repair bills, i'm renting the same house for 50% and investing the difference.<BR/><BR/>you're right it is a marathon. but you don't win marathons by going backwards.<BR/><BR/>you keep hedging your bets, i'll keep making moneyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69004992476870681972008-01-14T19:58:00.000+00:002008-01-14T19:58:00.000+00:00I only talk about it with other renters. I live i...I only talk about it with other renters. I live in Southern California and almost all of my friends who are home owners fell for the HELOC trap bigtime. All of them in over their heads. Talking realestate with them is just rubbing it in.Boombahttps://www.blogger.com/profile/06416035661224110156noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84543725009687958822008-01-14T19:24:00.001+00:002008-01-14T19:24:00.001+00:00I would be more sympathetic, I really would. But:...I would be more sympathetic, I really would. But:<BR/><BR/>1). When I would casually mention that housing was in a bubble when I started stating this five years ago (it was true here then), people looked at me like I had three heads.<BR/><BR/>2). This area had just come out of the implosion of the 90s bubble, and yet people were telling me up until last year that "housing never goes down". I looked at these people like they had three heads.<BR/><BR/>3). When things started looking like I said they would, everyone reached for the soothing syrup and ignored the signs.<BR/><BR/>For me, however, the last straw was: <BR/><BR/>4). Idiots who thought me nuts back in 2004, now claim that they foresaw all of this. They are naturally all underwater in mortgage debt. <BR/><BR/>Now, no sympathy, mo mercy. I rub their faces in it every chance I get. In spite of this, I get requests for "good investments"(!) <BR/><BR/>Damn sheep!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20432046448299179482008-01-14T19:24:00.000+00:002008-01-14T19:24:00.000+00:00For those betting on a housing bailout (Anon @ 6:3...For those betting on a housing bailout (Anon @ 6:32p), look at past housing cycles and see if there were bailouts back then. How many FBs will be helped by HOPE NOW? Clueless...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81836723057546036182008-01-14T19:16:00.000+00:002008-01-14T19:16:00.000+00:00http://leftofzen.com/quotes-atheism/2008/01/14/http://leftofzen.com/quotes-atheism/2008/01/14/Anonymousnoreply@blogger.com