tag:blogger.com,1999:blog-18675105.post3236343739448472990..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: BUBBLETALK - New thread to talk about the epic historic housing crash firmly underwaybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger355125tag:blogger.com,1999:blog-18675105.post-51437926620141281662007-05-16T19:35:00.000+01:002007-05-16T19:35:00.000+01:00I live in the "HOT" Olympia, Wa market and have se...I live in the "HOT" Olympia, Wa market and have seen prices decline. Over the past 5 years I have NEVER seen a price reduced sign, until recently that is. Most of the houses are re-sales, with most new homes already adjusted to sell already via pricee cuts, inventives etc etc. Most of the "Real Estate Barons" here I predict will wake up come the end of the summer and that's when the franzy will take hold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44235878105818984122007-05-11T23:09:00.000+01:002007-05-11T23:09:00.000+01:00"My niece just bought a house, and my sister and b..."My niece just bought a house, and my sister and brother-in-law are looking for a new house as well. I tried to warn them we're in the middle of a housing bubble and it would be better to wait a while until prices come down, but they got mad at me for interfering in their business."<BR/><BR/>GREAT!! This just answered my question. Still suckers out there to buy my depreciating asset and put me in the rich house with 200k equity in my pocket. MUAHAHAHAHAH!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2079909424516778462007-05-11T23:04:00.000+01:002007-05-11T23:04:00.000+01:00I need some feedback. Here in Southern California,...I need some feedback. Here in Southern California, my neighbor just sold his house for about 10 under asking price. I am now thinking of cashing in and bubblesitting. Now I know some of you will say 'you missed your chance, the peak is long gone' but again, my neighbor just sold his!....would you guys try to sell the house so late in the game if you were me? Theres gotta be some more suckers out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54638981174648265032007-05-11T22:11:00.000+01:002007-05-11T22:11:00.000+01:00My neighbor had a tree fall on their 500K 1200SqFt...My neighbor had a tree fall on their 500K 1200SqFt 1950s home. Ripped off two corners of the roof. About 3 months ago.<BR/><BR/>Still covered with plastic. Hmmm. Got mortgage payments?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23874839252312563712007-05-11T21:22:00.000+01:002007-05-11T21:22:00.000+01:00People of all economic brackets got roped into bel...People of all economic brackets <BR/>got roped into believing all the housing hype.<BR/><BR/>It's going to hit all areas of <BR/>our economy.<BR/><BR/>Your friends - like too many - are in serious denial at this point.<BR/><BR/>Anonymous said... <BR/>In short, I am friends with a bona fide idiot who has just sealed her financial fate. How do you deal with this? How do you remain friends with people when they are so resistant to any form of dissent and refuse to think for themselves?<BR/>___________________<BR/><BR/>I hear you, paul. My niece just bought a house, and my sister and brother-in-law are looking for a new house as well. I tried to warn them we're in the middle of a housing bubble and it would be better to wait a while until prices come down, but they got mad at me for interfering in their business. Sometimes you just can't win....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79037761297477975502007-05-11T21:10:00.000+01:002007-05-11T21:10:00.000+01:00People are loosing jobs, and have very limited in...People are loosing jobs, and have<BR/> very limited income.<BR/><BR/> The jobs the majority of<BR/> people are getting don't pay <BR/> enough to even cover their<BR/> monthly (ballooning) mortgage <BR/> or rental payment.<BR/><BR/> Even $1.95 for a T-Shirt is alot<BR/> when you don't have money.<BR/><BR/> Welcome to the beginning stages<BR/> of the next great depression.<BR/><BR/>~~~<BR/>Wow, Walmart down, Whole f7oods down, what gives?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66463963114258313162007-05-11T20:56:00.000+01:002007-05-11T20:56:00.000+01:00"Are they nuts? Investors are going heavy into Hom..."Are they nuts? Investors are going heavy into Home Depot on news of this report.<BR/><BR/>http://tinyurl.com/37rt6k "<BR/><BR/>They are nuts indeed. When Lereah says things are turning bad, they're turning really bad! Even DL has stopped calling bottom. Who are these idiots all of a sudden who are now calling bottom?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44752031298055149632007-05-11T20:26:00.000+01:002007-05-11T20:26:00.000+01:00FMW has the ear of every guy here!Let's start a to...<I>FMW has the ear of every guy here!<BR/><BR/>Let's start a topic on why FMW ROCKS this site!</I><BR/><BR/>FMW ROCKS! You can say that again. Can we hear an AMEN! Keith?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29184924110993418312007-05-11T19:55:00.000+01:002007-05-11T19:55:00.000+01:00This is rather funny: "Real Estate Agent Finds Gr...This is rather funny: "Real Estate Agent Finds Grenades in Home" (http://tinyurl.com/2qpe3m). I like the last line: "Once the house is cleaned up it will go on the market." I don't know exactly why that's funny; it just sounds funny to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2321261330576165682007-05-11T19:39:00.000+01:002007-05-11T19:39:00.000+01:00It's entitled "A Real Estate Bull Has a Change of ...It's entitled "A Real Estate Bull Has a Change of Heart"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37229482598804021542007-05-11T19:37:00.000+01:002007-05-11T19:37:00.000+01:00"New construction on single-family homes will fall..."New construction on single-family homes will fall to 1.16 million this year, the lowest since 1997, the National Association of Home Builders has said. That will rise in 2008 to 1.23 million, the builders said."<BR/><BR/>Are they nuts? Investors are going heavy into Home Depot on news of this report.<BR/><BR/>http://tinyurl.com/37rt6kgregorywhttps://www.blogger.com/profile/13900940292043774887noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71565774065049670942007-05-11T17:36:00.000+01:002007-05-11T17:36:00.000+01:00Anyone hear Lereah on NPR (http://www.npr.org/temp...Anyone hear Lereah on NPR (http://www.npr.org/templates/story/story.php?storyId=10118254)? The audio file is there. Quite a change for the man we once knew.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37887209984504417892007-05-11T17:16:00.000+01:002007-05-11T17:16:00.000+01:00Sacramento Bee reports auto dealers feeling it now...Sacramento Bee reports auto dealers feeling it now - as HP predicted<BR/><BR/><A HREF="http://www.sacbee.com/103/story/175710.html" REL="nofollow"> Weak home market spills over to autos</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51844224493910026002007-05-11T16:29:00.000+01:002007-05-11T16:29:00.000+01:00FMW has the ear of every guy here!Let's start a to...FMW has the ear of every guy here!<BR/><BR/>Let's start a topic on why FMW ROCKS this site!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14379628832898819712007-05-11T15:36:00.000+01:002007-05-11T15:36:00.000+01:00Hi FMW!Hi FMW!Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51827681813420749262007-05-11T15:28:00.000+01:002007-05-11T15:28:00.000+01:00has anyone taken a look at the Ft. Myers new press...has anyone taken a look at the Ft. Myers new press and 1st homes?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19958706107343925872007-05-11T12:33:00.000+01:002007-05-11T12:33:00.000+01:00Condo supply in Orlando, valued at 400,000 thousan...Condo supply in Orlando, valued at 400,000 thousand and up at a <BR/>41 year supply backlog <BR/>according to Mike Thomas!<BR/>_______________________<BR/><BR/>If you do a breakout looking at specific segments of the market last month, you can see what is moving and what is not. The numbers are pretty telling about this current situation and about the Central Florida market in general.<BR/><BR/>The healthiest sales are homes valued under $200K, where there is only a 9-month inventory.<BR/><BR/>Condos in the same price range: 14.5 month inventory.<BR/><BR/>Now, let’s move up the price range:<BR/><BR/>Homes valued from $200K to $300K: 13 months.<BR/><BR/>Condos in the same price range: 52 months.<BR/><BR/>Homes valued $300K to $400K: 20 months.<BR/><BR/>Condos in same price range: 36 months.<BR/><BR/>Homes valued over $400K: 27 months.<BR/><BR/>Condos in same price range: 41 years!<BR/><BR/>That’s right, 41 years. In April there were 493 condos listed at more than $400,000, with only one sale. At that pace, it would take 41 years to sell them all.<BR/><BR/>Here <BR/><BR/>http://tinyurl.com/2amcgu<BR/><BR/>or here<BR/><BR/>http://blogs.orlandosentinel.com/news_columnist_mikethomas/2007/05/a_closer_look_a.html#moreFlyingMonkeyWarriorhttps://www.blogger.com/profile/01770643973751363527noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1792255183400460852007-05-11T11:21:00.000+01:002007-05-11T11:21:00.000+01:00Am I the only one who has a huge crush on Becky fr...Am I the only one who has a huge crush on Becky from CNBC? Whatta babe! She has that little mouth of Disneyland's bear. If I only had a private jet, we could chat about sexy things like EBITDA, Free Cash Flow, etc. Hot, hot..all right back to work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37050729452280467452007-05-11T11:12:00.000+01:002007-05-11T11:12:00.000+01:00PCI will come higher today. Buy Corn, buy corn.PCI will come higher today. Buy Corn, buy corn.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84631742881728040182007-05-11T09:39:00.000+01:002007-05-11T09:39:00.000+01:00Keith, why don't you take some pictures of London ...Keith, why don't you take some pictures of London life and post on the Blog for us to see. Show the real estate, hot girls, cafes, businesses, whatever...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19962356108771951292007-05-11T07:39:00.000+01:002007-05-11T07:39:00.000+01:00Wanna bet 5 bucks that PPT will make the market po...Wanna bet 5 bucks that PPT will make the market positive today, starting from 12 noon to 2 p.m.? It's so predictable. It's all fixed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16238261343476512472007-05-11T07:35:00.000+01:002007-05-11T07:35:00.000+01:00It's official. Warren Buffet said last night, duri...It's official. Warren Buffet said last night, during an interview with Charlie Rose, that things are looking a lot like 1929. He also said that he's endorsing Hillary Clinton or Obama for president of the US, and that the country would be better off if any of those two candidates were elected. Hey, when the sage of Omaha speaks, the world listens. The second richest man in the world must be right about a thing or two. You decide.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59885732222404320542007-05-11T06:50:00.000+01:002007-05-11T06:50:00.000+01:00NovaStar Financial Inc., a subprime mortgage lende...NovaStar Financial Inc., a subprime mortgage lender that is seeking a buyer, posted a big first-quarter operating loss on Thursday, amid tough conditions for lenders that make home loans to people with poor credit histories.<BR/><BR/>The Kansas City, Missouri-based company also plans to drop its tax-friendly real estate investment trust status on Jan. 1, 2008, after concluding it may generate no taxable income from 2007 through 2011.<BR/><BR/>http://www.reuters.com/article/<BR/>mergersNews/idUSN1019758320070510Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2919581331773502122007-05-11T06:46:00.000+01:002007-05-11T06:46:00.000+01:00Bear Stearns Asset Backed Securities Inc. mortgage...Bear Stearns Asset Backed Securities Inc. mortgage pass-through certificates, series 2005-1, has been downgraded from BB to B-plus by Fitch Ratings. <BR/><BR/>Nine classes from four IndyMac ABS Inc. home equity issues have been downgraded by Fitch Ratings. <BR/><BR/>Asset Backed Funding Corp. mortgage-backed securities have been placed on Rating Watch Negative by Fitch Ratings. <BR/><BR/>Four certificates from Ace Securities Corp. Home Equity Loan Trust series 2005-SL1 have been downgraded by Moody's Investors Service. <BR/><BR/>http://mortgageservicingnews.com/<BR/>plus/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70042423302632969492007-05-11T06:39:00.000+01:002007-05-11T06:39:00.000+01:00U.S. mortgage finance company Fannie Mae said on W...U.S. mortgage finance company Fannie Mae said on Wednesday that it could not present a timely quarterly report due to unresolved accounting problems.<BR/><BR/>"We are not able to file a timely Form 10-Q because we have not completed our consolidated financial statements for the quarter ended March 31, 2007," the company said in its 12B-25 filing with the U.S. Securities and Exchange Commission.<BR/><BR/>Fannie said it believes its "exposure to the Alt-A and subprime mortgage loans... is limited." Increased delinquencies among those two classes of mortgages offered to borrowers with few documents or damaged credit has shaken the home finance system in recent months.<BR/><BR/>http://today.reuters.com/news/<BR/>articleinvesting.aspx?type=<BR/>bondsNews&storyID=<BR/>2007-05-09T221301Z_01_<BR/>N09326148_RTRIDST_0_<BR/>FANNIEMAE-UPDATE-1.XMLAnonymousnoreply@blogger.com