tag:blogger.com,1999:blog-18675105.post3928510775521157324..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Want to know why the government's employment numbers are bullsh*t?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-18675105.post-3169043766930803792007-12-29T16:29:00.000+00:002007-12-29T16:29:00.000+00:00"America is still the greatest nation on the face ..."America is still the greatest nation on the face of this earth."<BR/><BR/>What is America the greatest at again? Oh yea, that's right, we have the most powerful military. Whooopee!!! We can kill anybody we don't like - that's so awesome. <BR/><BR/>Meanwhile we aren't the greatest in terms of:<BR/><BR/>standard of living<BR/>literacy<BR/>healthcare<BR/>education<BR/>human rights<BR/>etc., etc., etc.<BR/><BR/>I swear, if we elect a president that does not believe in evolution, I AM OUTTA HERE !~!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5491246819383791082007-12-28T07:01:00.000+00:002007-12-28T07:01:00.000+00:00Lets not forget 100Billion in MEW =2.5 million 400...Lets not forget 100Billion in MEW =2.5 million 40000 dollar a year jobs. That will be a bigger drag on the economy than unemployment. If MEW dropped from its 800B peak to say 200B that is like 15 million unemployed people. That is going to leave a mark!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47548269951379268622007-12-28T04:30:00.000+00:002007-12-28T04:30:00.000+00:00"We believe that employment in the industry needs ..."We believe that employment in the industry needs to drop by roughly 30 percent over the next year to flush out overcapacity,..."<BR/><BR/>Aggressive fraud investigations/prosecutions would have the same effect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28017345770362100662007-12-28T03:35:00.000+00:002007-12-28T03:35:00.000+00:00Recap:GDP data = bullshitUnemployment data = bulls...Recap:<BR/><BR/>GDP data = bullshit<BR/><BR/>Unemployment data = bullshit<BR/><BR/>Housing data = bullshit<BR/><BR/>Commercial banks balance sheets = bullshit<BR/><BR/>Investment banks financials = bullshit<BR/><BR/>Conclusion: We are in a world of shit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52307688331707394652007-12-28T00:35:00.000+00:002007-12-28T00:35:00.000+00:00On a side note, there are an estimated 30 million ...On a side note, there are an estimated 30 million illegal aliens in this country. Have you stopped to think about the price pressure 30 million additional people have put on housing, whether it be rentals or purchases? It must be enormous.<BR/>-------------------------<BR/>Well said. And another aspect to this whole fiasco is that illegal alien Mexicans are notorious for creating clown houses- these are homes with multiple families (sometimes upwards of thirty people to a three bedroom home and the housing authorities conveniently ignore living codes limiting specific numbers of people per bedroom)<BR/><BR/>Upward pressure is felt in these areas because several adults all contribute to the mortgage payment. Once again, our good for nothing government does nothing to stop this illegal activity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25884750489561799682007-12-27T22:48:00.000+00:002007-12-27T22:48:00.000+00:00Why do you folks see the negative side always? We ...Why do you folks see the negative side always? We still have a very high level of employment. Most Americans are employed and make a living/earning. America is still the greatest nation on the face of this earth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43103795562708411302007-12-27T21:22:00.000+00:002007-12-27T21:22:00.000+00:00Anonymous said... "They're simply independent cont...Anonymous said... <BR/>"They're simply independent contractors and agents. Or were. Now they're just unemployed. And to add to the misery, they have no jobless benefits, they can't make their mortgage payments, and they have no employable skills."<BR/><BR/>I disagree. I was just in a Nevada brothel and commented to the Madame that they needed more MILF-types. She told me she was interviewing three this week - all former real estate salespeople...<BR/><BR/>I remarked that we already know what they are, it's just a matter of price and to be careful. Realtors can never be trusted to give a full-day (or hours) work andto test them for STDs as they have been promiscuous for quite some time now and may not make good whores...<BR/><BR/>I recommended she put them on straight commish and turn them loose...<BR/><BR/>Happy Holidays 6%ers. You are DEAD.<BR/><BR/>December 27, 2007 3:54 PM<BR/><BR/><BR/>You are a sicko ...<BR/>What kinda sicko goes to a brothel to bang a MILF ... That's what your Failed Flipper, nieghbor's wife is for.<BR/>Its OK, she's working on her mortgage payment.<BR/>You Go to a nevada brothel to bang a ... that's right, a wanna be starlet.<BR/>I mean. How cool would be be today to say, yup, I banged Angelina Jolie 15 years ago. She was young and hot back then. Only cost me 40 bucks. Here is some pics I took.<BR/>Cool.<BR/>Cow_tipping.Cow_tippinghttps://www.blogger.com/profile/00096024651157768242noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25142508379369809352007-12-27T21:17:00.000+00:002007-12-27T21:17:00.000+00:00Firing 1 illegal creates up to 2 jobs.Why ???Lets ...Firing 1 illegal creates up to 2 jobs.<BR/>Why ???<BR/>Lets say a family of illegals is living and working. Dad in construction, mom in domestic based, son in Fast food. OK Dad gets 18/hr, and tons of overtime, mom gets $10 on a 40 hr week and Jr gets $8 and a 30hr week.<BR/>Dad gets fired when construction craps out and booya, they lose 60% of their income. They leave and go back to Mexico ... they leave behind 2 jobs to fill. That's why unemployment is down as well as employment.<BR/>Cool.<BR/>Cow_tipping.Cow_tippinghttps://www.blogger.com/profile/00096024651157768242noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90099971846077455422007-12-27T19:59:00.000+00:002007-12-27T19:59:00.000+00:00Keefer,Once again you miss the full picture. If th...Keefer,<BR/><BR/>Once again you miss the full picture. If the REIC numbers don't count now, they didn't count in 2004 or 2005 either. It's a wash. <BR/><BR/>The whole payroll numbers are really antiquated no matter what. The days of being a "payroll employee" are long gone for millions of people. Speaking for myself, I have not been part of a corporate payroll since 2002. Yet I have made $100K+ every year since as an independent contractor. About 50% of my friends are in the same situation.Dinohttps://www.blogger.com/profile/08326516434434155181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86012222901956206852007-12-27T19:50:00.000+00:002007-12-27T19:50:00.000+00:00The government has also been hiring primarily cont...The government has also been hiring primarily contract work for the past few years. My husband's location was just told that most of the contractors will be laid off next year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85704217010212361202007-12-27T19:03:00.000+00:002007-12-27T19:03:00.000+00:00Government numbers have been a joke since at least...Government numbers have been a joke since at least the time that senile old fool Ronald Reagon sat in the Whitehouse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67552343034237325232007-12-27T18:43:00.000+00:002007-12-27T18:43:00.000+00:00I'm waiting to see the effect on tax revenues and ...I'm waiting to see the effect on tax revenues and how the IRS will respond, because you know at least half of those 1099 realtors and mortgage brokers never filed or paid taxes on all that income.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38103484825383948992007-12-27T18:35:00.000+00:002007-12-27T18:35:00.000+00:00It gets even worse. These government numbers are ...It gets even worse. These government numbers are a complete farce because they rely on figures from state employment offices and count only those registered as active "job seekers". Once a laid off worker's unemployment benefits are exhausted... after six months or so... they are simply dropped from the lists. As if by magic they have vanished into thin air and cease to be counted as unemployed. <BR/>So, even excluding the multitude of self employed and contractors the "official" figures are off by untold millions.<BR/>The "official" unemployment tally makes no reference people who still work at reduced hours or at lower paying jobs. For example, if ones employment changed from a full time job that paid $35. an hour to a $6 per hour job delivering pizzas ten hours a week, they still show up as employed.<BR/>More Government lies and BS!Merciless Minghttps://www.blogger.com/profile/13328765587887516553noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29738146006476585162007-12-27T17:37:00.000+00:002007-12-27T17:37:00.000+00:00Don't kid yourself with the illegal aliens they a...Don't kid yourself with the illegal aliens they are smarter than you think..<BR/>I know a couple of Brazilians that were living here for well over 10 years...saved their money...and about 3 months ago one came up to me and told me they are leaving the country cause they fear the shit is going to hit the fan here, sure enough they up and left...with the cloths on their backs...left behind everything..plasma tv's you name it///strange.....to say the least.Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58612537712205840222007-12-27T17:32:00.000+00:002007-12-27T17:32:00.000+00:00But I want lies... if I know the truth I might hav...But I want lies... if I know the truth I might have to take responsibility.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72857795463196824912007-12-27T16:31:00.000+00:002007-12-27T16:31:00.000+00:00But when the government lies to you, THAT's ok. I...But when the government lies to you, THAT's ok. It's for your own good.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76463851378538357582007-12-27T16:12:00.000+00:002007-12-27T16:12:00.000+00:00You're right, Realtwhores® don't count.You're right, Realtwhores® don't count.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91902538786992133972007-12-27T16:04:00.000+00:002007-12-27T16:04:00.000+00:00mortgage guy:According to the census, we have 17.9...mortgage guy:<BR/><BR/>According to the census, we have 17.9 million VACANT homes. So even with 30 million wetbacks, we still have many more houses than we need. <BR/><BR/>Many of those illegals will be forced to return home and are currently being foreclosed on. <BR/><BR/>More bad news for housing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36399014998353300612007-12-27T15:56:00.000+00:002007-12-27T15:56:00.000+00:00You know we are a Dead nation when the Mexican ill...You know we are a Dead nation when the Mexican illegal alien sneak-thief felons head back South...<BR/><BR/>Put out a bounty on them. Just bring in the scalps only...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87376805448345767862007-12-27T15:54:00.000+00:002007-12-27T15:54:00.000+00:00"They're simply independent contractors and agents..."They're simply independent contractors and agents. Or were. Now they're just unemployed. And to add to the misery, they have no jobless benefits, they can't make their mortgage payments, and they have no employable skills."<BR/><BR/>I disagree. I was just in a Nevada brothel and commented to the Madame that they needed more MILF-types. She told me she was interviewing three this week - all former real estate salespeople...<BR/><BR/>I remarked that we already know what they are, it's just a matter of price and to be careful. Realtors can never be trusted to give a full-day (or hours) work andto test them for STDs as they have been promiscuous for quite some time now and may not make good whores...<BR/><BR/>I recommended she put them on straight commish and turn them loose...<BR/><BR/>Happy Holidays 6%ers. You are DEAD.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85452141645097469092007-12-27T15:09:00.000+00:002007-12-27T15:09:00.000+00:00You're right, the payroll survey doesn't count sel...You're right, the payroll survey doesn't count self employeds, independent contractors and illegal aliens who haven't bought fraudulent working documents.<BR/><BR/>However, these people are somewhat represented by the employment household survey, which was soaring during the bubble years. Which by the way, was over represented by illegal aliens. http://vdare.com/rubenstein/070105_nd.htm<BR/><BR/><BR/><BR/>On a side note, there are an estimated 30 million illegal aliens in this country. Have you stopped to think about the price pressure 30 million additional people have put on housing, whether it be rentals or purchases? It must be enormous.The Mortgage Guyhttps://www.blogger.com/profile/08831696935766249444noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63587984365492698512007-12-27T14:53:00.000+00:002007-12-27T14:53:00.000+00:00Add me to the list. Self employed so no record I e...Add me to the list. Self employed so no record I existed.Anonymousnoreply@blogger.com