tag:blogger.com,1999:blog-18675105.post4510220403118104336..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HP'ers - Have We Won?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-18675105.post-78573513227725029412008-03-14T20:58:00.000+00:002008-03-14T20:58:00.000+00:00When the Schiller index gets back down to a pre - ...When the Schiller index gets back down to a pre - 9/11 level, when irresponsible lenders no longer have a job, when frauds are in jail, when Kiyosaki Trump Cramer and Greenspan are no longer best-selling authors, when the Federal Reserve starts taking its anti-inflation mandate seriously, when Congress stops wasting taxpayer on the housing bailout, when "real estate investors" are ashamed to admit how they got rich - that will be victory.Refuse to buy overpricedhttps://www.blogger.com/profile/04529128673944692315noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5960424069234325602008-03-14T16:41:00.000+00:002008-03-14T16:41:00.000+00:00love me some snapper turtle haclove me some snapper turtle hacGThttps://www.blogger.com/profile/16967976099367166675noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79543063029427664392008-03-14T14:30:00.000+00:002008-03-14T14:30:00.000+00:00WHY NOT reward people with good credit, financiall...<I>WHY NOT reward people with good credit, financially responsible, who waited, saved and knew better than to buy a house with a crappy ARM?? If anyone deserves a break buying a house now, it is THESE people!!<BR/></I><BR/><BR/>Yeah right, Obama will surely reward the responsible people. LMAO!!!<BR/><BR/>The whole platform of the DemonCrats is to reward bad behavior and and the squeaky wheel freak groupsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49913060025994382112008-03-14T04:56:00.000+00:002008-03-14T04:56:00.000+00:00"And the failure hangs over the State like a great..."And the failure hangs over the State like a great sorrow.<BR/>... and in the eyes of the people there is the failure; and in the eyes of the hungry there is a growing wrath.<BR/>In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage."edd brownehttps://www.blogger.com/profile/08825894326281481673noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25419270210519479602008-03-14T01:16:00.000+00:002008-03-14T01:16:00.000+00:00Won my ASS !!!The Americano land is pathetic !!!Th...Won my ASS !!!<BR/><BR/>The Americano land is pathetic !!!<BR/><BR/>The Americano occupants are pitiful !!!<BR/><BR/>#####<BR/><BR/>This Americano nation and its citizens, occupants, dwellers are low, pitiful, pathetic and all at once despicable !!!<BR/><BR/>How can you call yourself the greatest nation on Earth when dishonor, divorce, immorality, greed, cheat is every day's code of conduct, the way to conduct business in the land of the Snapper Turtle ???<BR/><BR/>Look around you: What do you see ? Fat-ass Americano male and female driving that chicken-coop, pig-raising SUV or F350, for what I may ask ? So you can feel big and powerful, huh !!!. Here is a suggestion if you want to feel all almighty, big, and powerful: Go and invade Red China, right now, at this minute, and see what the result may turn out to be.<BR/><BR/>As I have stated over and over again: This land of the Fat-Ass Americano Homosexual Erectus is a cesspool of sewage now. And to add insult to that, the Americano is being slowly roasted nicely over a bed of white hot charcoal, skewered from mouth to ass like a Snapper Turtle, juice dripping down, fat oozing, sputtering, succulent flesh aromatically wafting hungryly in the air.<BR/><BR/>Americano Homosexual Erectus == Roasted Snapper Turtle !!!<BR/><BR/>Go Hick, Hillbilly and Cracker Nuthead. Party all you can while the going is still good. Drink that Cold Mountain rotgut moonshine until you puke your snapper turtle gut out. The doomsday is coming and it will judge you and your heathen crowd harshly.AndrewHachttps://www.blogger.com/profile/05114474456963405679noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3570413441079200122008-03-14T00:58:00.000+00:002008-03-14T00:58:00.000+00:00YOU PEOPLE CRACK ME UP. I WAS PREDICTING THE HOUSI...YOU PEOPLE CRACK ME UP. I WAS PREDICTING THE HOUSING CRASH LONG BEFORE YOU WERE. I SEEM TO RECALL A LOT OF BET-HEDGING ON THIS BOARD, LOTS OF PEOPLE PLAYING BOTH ENDS AGAINST THE MIDDLE AND SAYING "WELL, MAYBE THERE WONT BE A CORRECTION AFTER ALL." <BR/><BR/>ME AND BLOWFLY WERE THE ONLY VOICES THAT UNHESITATINGLY, UNRESERVEDLY PREDICTED THE CRASH FROM THE VERY BEGINNING. THE REST OF YOU ARE JUST COMING LATE TO MY PARTY.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81205981075609384652008-03-14T00:32:00.000+00:002008-03-14T00:32:00.000+00:00We did "win" a little bit.There is no doubt in my ...We did "win" a little bit.<BR/><BR/>There is no doubt in my mind that some of the perceptive hedge funds started reading the bubble blogs and put on short positions in many complex derivative securities.<BR/><BR/>This lead to the collapse of the phony companies sooner than otherwise.<BR/><BR/>The U.K. and Europe still haven't popped. <BR/><BR/>I think there are fewer bubble bloggers there, and the anti-establishment culture isn't as strong. <BR/><BR/>So, yes the US has benefitted a little bit from the bubble bloggers. We're getting the pain over with first. <BR/><BR/>How bad will it get in Ireland and U.K.?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64017718892312400582008-03-14T00:00:00.000+00:002008-03-14T00:00:00.000+00:00"WHY NOT reward people with good credit, financial..."WHY NOT reward people with good credit, financially responsible, who waited, saved and knew better than to buy a house with a crappy ARM?? If anyone deserves a break buying a house now, it is THESE people!!<BR/><BR/>Reward the people who will make a great financial foundation from which to re-build on!!"<BR/><BR/>Unfortunately that will never happen, because then we would have LEADERSHIP in Washington, instead of the retards that currently run the place. Leadership means doing what is best NOT what stupid opinion polls think. Unfortunately you probably have more of a chance of winning the lottery than that happening anytime soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49501576652168224032008-03-13T23:59:00.000+00:002008-03-13T23:59:00.000+00:00The battle is not yet won because there are still ...The battle is not yet won because there are still large, powerful forces out there -- the banks, govt. non-bank financial institutions, etc. - that want to drag this out and try to keep housing prices high. Well, eventually they will lose because nothing they can do will stop the inexorable housing decline. And there is still a huge percentage of Americans who are in complete denial...in fact, more are in denial than not. They still don't get it. Once they do, prices will really come down.<BR/><BR/>When the final barriers have been overcome, then we will have won. Until then, we all need to stay on top of this and keep on fighting. We need especially to fight the govt. bailout proposals which will keep the undeserving in homes they don't own and continue to shut out the deserving people with down payments.<BR/><BR/>In the words of Ben Franklin before signing the Declaration of Independence: "We must hang together, gentlemen...else we shall most assuredly hang separately."<BR/><BR/>Our Independence Day is coming, but the fight is not over yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19851398868239891932008-03-13T23:12:00.000+00:002008-03-13T23:12:00.000+00:00It's kind of an empty victory. Best I can describe...It's kind of an empty victory. Best I can describe it would be deciding not to fly because of bad weather then finding out the flight you were to be on crashed. You avoided disaster but disaster happened any way. Yeah I kept my house purchasing limited and never maxed it. I prevented my parents from maxing out thiers like they wanted to at the very peak, but still the crash happened, was destined to happen. And now we all get to watch our false economy implode and hope things don't get 1930's out of hand. <BR/>I warned my family, some listened some didn't. I feel vindicated, I don't feel like anything was won. We knew this would happen, and now it's a little frightening to unfold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43212697015549829502008-03-13T23:04:00.000+00:002008-03-13T23:04:00.000+00:00"They should be giving $25K rebate checks to anyon..."They should be giving $25K rebate checks to anyone that buys a house this year or next"<BR/><BR/>If I just wait a little while, I'll get a better deal without bothering with the rebate check!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7460866822533087732008-03-13T21:36:00.000+00:002008-03-13T21:36:00.000+00:00They should be giving $25K rebate checks to anyone...They should be giving $25K rebate checks to anyone that buys a house this year or next...and WHY NOT?? <BR/><BR/>They have already rewarded those who lived beyond their means and made wreckless financial decisions with rate freezes and loan workouts. <BR/><BR/>WHY NOT reward people with good credit, financially responsible, who waited, saved and knew better than to buy a house with a crappy ARM?? If anyone deserves a break buying a house now, it is THESE people!!<BR/><BR/>Reward the people who will make a great financial foundation from which to re-build on!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5549332085535320382008-03-13T21:31:00.000+00:002008-03-13T21:31:00.000+00:00NO ONE will win this one, but the Bankers and slea...NO ONE will win this one, but the Bankers and sleazy lenders.....<BR/><BR/>Fannie and Freddie will be finished in 6-8 months, a massive housing bailout is already underway and WE will get the bill!!<BR/><BR/>In a way, you were almost more rewarded by taking as much as you could get and walking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50021371485851329022008-03-13T20:54:00.000+00:002008-03-13T20:54:00.000+00:00"Yet you all still live in shithole 1 bed 1 bath a..."Yet you all still live in shithole 1 bed 1 bath apartments, drive 20 year old cars and live the lives of losers."<BR/><BR/>No, Mr. Know it all, it's 6 bedrooms and paid for with 3/4 acre. The car is 22 years old. The classic Chevy truck is 44 years old. Get your facts straight!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25816143470613251782008-03-13T20:27:00.000+00:002008-03-13T20:27:00.000+00:00Yes, we won if that means my wife Janez spends all...Yes, we won if that means my wife Janez spends all the grocery money on coke, and my daughter Brittnee spends her whole allowance on X, and I am paying 20 percent more fro my Schlitz this year than I did last. Oh yea, and my son Rittlan is breaking the bank trying buy AR-15 ammo.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82630491625124413922008-03-13T20:24:00.000+00:002008-03-13T20:24:00.000+00:00"Even Greg Swann admitted to the crash yesterday"-..."Even Greg Swann admitted to the crash yesterday"<BR/><BR/>----<BR/><BR/>and no-one cares about him any moreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53249845210042374142008-03-13T19:29:00.001+00:002008-03-13T19:29:00.001+00:00Wow - well said. It has been the rich keep gettin...Wow - well said. It has been the rich keep getting richer. Case in point - we are just outside Denver in Evergreen Colorado in mid to upper mid class area. Housing here has been slammed just like elsewhere in the country - prices dropping 5-15% depending upon area. Friend of ours works Breckendridge and Vail areas in real estate. His comment - what slow down? They can't keep inventory and prices have gone up 10% over last year. Rich get richer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21202508810547951562008-03-13T19:29:00.000+00:002008-03-13T19:29:00.000+00:00amtex, could it be that 28% of people don't keep d...amtex, could it be that 28% of people don't keep daily tabs on the dead soldier tally like you do? Or that people don't see two terms of Bush as a reason to view themselves as divided from others? Or that subconsciously you don't like people and find reasons to hate society? My guess is #3...<BR/><BR/>So some people don't place the same level of importance on things as you do. That's how the world works. Of the thousands of causes an individual can take up, some people choose differently. The Greenpeace youngsters don't seem to get it when I explain it to them, but I've come to expect that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16837548705803453782008-03-13T19:27:00.000+00:002008-03-13T19:27:00.000+00:00so where is HP going?so where is HP going?GThttps://www.blogger.com/profile/16967976099367166675noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56604053203057591032008-03-13T18:58:00.000+00:002008-03-13T18:58:00.000+00:00BWA HA HA HA HA HA HABWA HA HA HA HA HA HAAnother ...BWA HA HA HA HA HA HA<BR/><BR/>BWA HA HA HA HA HA HA<BR/><BR/>Another bailout is coming. Yeah you idiots are winners.<BR/><BR/><I>Under this proposal, the government would allocate as much as $20 billion up front. It would use those funds to buy up mortgages from investors in a reverse-auction process, at prices below the face value of the loans. In a reverse auction, sellers compete against one another, slashing prices until a buyer - in this case the government - says yes to a deal.<BR/><BR/>Since the government would buy the mortgages at a discount, it can pass the savings on to the borrowers by reducing the mortgage balances by the same percentage as the discount.<BR/><BR/>So if a batch of loans was bought at a 30% discount, the government would be paying $70,000 for a $100,000 mortgage. The government would then modify the mortgage, reducing the outstanding balance to $70,000. That would mean a big drop in the monthly payments, which would help many borrowers keep their homes.</I><BR/><BR/>Translation: every home owner just got a 30% reduction in their mortgage payment. <BR/><BR/>Thanks suckers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15201379630797360452008-03-13T17:43:00.000+00:002008-03-13T17:43:00.000+00:00Sorry, I don't see it. Every time I read a post, I...Sorry, I don't see it. Every time I read a post, I think about it a while and get on with my day.<BR/><BR/>When I have time to read the comments, though, I see a bunch of tin-foil hat wearing freaks who leave little doubt as to their age. It takes a while for people to get their slice of humble pie in life.<BR/><BR/>The opinions I read here are just as hard to accept as those on the NAR website because of the peripheral thoughts people choose to share about themselves.<BR/><BR/>It's to be expected, though. Every decade has something for people to point and say, "This is it." Kids in the 1920's were slightly rewarded, but the world didn't end.<BR/><BR/>I will repeat the comment of another, if this is victory...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28346604574457419682008-03-13T17:40:00.000+00:002008-03-13T17:40:00.000+00:00The game in in the refrigerator, but the its not o...The game in in the refrigerator, but the its not over yet. This is more like having a 30 point lead at the start of the 4th quarter of a basketball game.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6175704022839465332008-03-13T17:33:00.000+00:002008-03-13T17:33:00.000+00:00You had a good bitch fest about home prices. You m...You had a good bitch fest about home prices. You made some funny jokes. You came up with some clever nicknames like Tanzilo and Helicopter Ben. Yet you all still live in shithole 1 bed 1 bath apartments, drive 20 year old cars and live the lives of losers.<BR/><BR/>If you want to call that winning, go ahead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41807527918096856532008-03-13T17:10:00.000+00:002008-03-13T17:10:00.000+00:00Nobody can stop Bush and his chilling gang of reck...Nobody can stop Bush and his chilling gang of reckless GOP criminals, lies and mass deceptions. <BR/><BR/>NOBODY!!!!! <BR/><BR/>Bwwwwa!<BR/><BR/>YOU LOOSE.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32223960310022613312008-03-13T17:06:00.000+00:002008-03-13T17:06:00.000+00:00NO!Housing prices in the Mid Hudson Valley NY area...NO!<BR/><BR/>Housing prices in the Mid Hudson Valley NY area.<BR/>(Especially south of here, NYC metro area) <BR/>are still 300- 400% higher then they where in 2001, for no reason at all.<BR/><BR/>Housing is still totally unaffordable to the overwhelming majority of natives / middle income people.<BR/><BR/>Even though the FED lowered short term rates, Banks are not lowering 30 year fixed rates.<BR/><BR/>Banks are not reducing prices on homes in foreclosure or owned by them.<BR/>Banks are soo greedy they are holding out on homes until they find a sucker that would buy it for what the previous FBer owed them.<BR/><BR/>Bottom line, Houses are not on ‘Sale’ yet.<BR/><BR/>And until Banks begin passing some of the gov bailout goodies to its customers we are nowhere near winning.Anonymousnoreply@blogger.com