tag:blogger.com,1999:blog-18675105.post5036787458714744102..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Top 10 reasons why this housing and economic crash will be the biggest everbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-18675105.post-33039143112166496742007-10-22T19:42:00.000+01:002007-10-22T19:42:00.000+01:00Because this world needs an enema.Because this world needs an enema.Professor Ichiro Vaderhttps://www.blogger.com/profile/16586293142845409280noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86816735062057219892007-10-22T18:32:00.000+01:002007-10-22T18:32:00.000+01:00You can`t predict a crash !You can`t predict a crash !Zbyszek PapiĆskihttps://www.blogger.com/profile/16769098082700487733noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36286336686292232652007-10-21T23:07:00.000+01:002007-10-21T23:07:00.000+01:00Goodbye nation. Anonymous said... Goodbye middle c...Goodbye nation. <BR/><BR/><I><BR/>Anonymous said... <BR/>Goodbye middle class<BR/></I><BR/><BR/>October 20, 2007 5:48 PMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60415120620003762362007-10-21T20:03:00.000+01:002007-10-21T20:03:00.000+01:00RE:.......extortion from the only buyer who made a...RE:<BR/>.......extortion from the only buyer who made an offer .......<BR/>----------------------------<BR/><BR/>That is not extortion. It is a business transaction.<BR/><BR/>It is paying the least you can for something, to someone whose desire (or need) to sell is their own choice (or a consequence of their own doing, e.g. buying something for too high of a price or buying something that they could not afford).<BR/><BR/>More importantly: you should not be referring to him as an extortionist -- au contraire, you should be reflectively kissing his ass for the fact that he existed and was willing to buy it at all; otherwise you would have had to sell it for even less to induce anyone else to buy it.<BR/><BR/>Extortion is different; extortion is when you threaten to do something damaging to someone else unless they comply with your demands.<BR/><BR/>Saying "I won't purchase your property unless it is at a price of $XXX or less" is hardly extortion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74300013203662927712007-10-21T18:48:00.000+01:002007-10-21T18:48:00.000+01:00BTW,Keith,Keeping publishing this blog! It is funn...BTW,<BR/><BR/>Keith,<BR/><BR/>Keeping publishing this blog! It is funny, inventive, insightful and informative. It is a great example of what a blog should be. It also is a reminder of what much of the MSM is missing. And I'm not just talking about the part where we posters respond to your comments.<BR/>Keep up the good work.<BR/>BTW, I am a lifelong Democrat.consultanthttps://www.blogger.com/profile/06212860754280555647noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47787657852721521092007-10-21T18:42:00.000+01:002007-10-21T18:42:00.000+01:00Peak oil (PO) clarification.PO is not about runnin...Peak oil (PO) clarification.<BR/>PO is not about running out of oil soon (1 to 5 years), it's about running out of cheap oil. <BR/>An important related issue to PO is oil consumption rising past oil production. This is where we are at now. <BR/>Much of the third world is dropping out of oil purchases. Can't afford it. Many OPEC producers are keeping more of their production because of their developing economies. We all know about the rise of China and India.<BR/>Everybody, do the math.<BR/>By the way, we are one 'event' away from oil shooting way past $100 a barrel. <BR/>Talk about scary.consultanthttps://www.blogger.com/profile/06212860754280555647noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26293467559797246342007-10-21T08:39:00.000+01:002007-10-21T08:39:00.000+01:00Why do you consider blogs to increase the crash? ...Why do you consider blogs to increase the crash? I see blogs more as a stabilizing force in the face of monopolized opinion in the MSM. Without blogs, there would have been even fewer opinions to be found that were skeptical of the Realtors' propaganda. One blog (patrick.net) saved me from buying a house.<BR/><BR/>Peter TAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51542098506799674352007-10-21T01:56:00.000+01:002007-10-21T01:56:00.000+01:00Peak oil!Peak oil!Peak oil!Peak oil!Peak oil!Peak oil!<BR/>Peak oil!<BR/>Peak oil!<BR/>Peak oil!<BR/>Peak oil!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90219049209889983082007-10-21T01:50:00.000+01:002007-10-21T01:50:00.000+01:00Peak Oil is largely a sales job to keep the price ...Peak Oil is largely a sales job to keep the price of oil up. For various reasons high oil prices masks the source of inflation. And we all know where inflation really originates (Greenspan, Bernanke, et al)<BR/><BR/>Energy is not the problem. There are MANY solutions to the energy "problem". The reason they never come to market is because there is too much profit to be made through controlling oil.<BR/><BR/>To take a simplistic example:<BR/>- build a bunch of nuclear power plants<BR/>- instead of spending a trillion dollars in Iraq, buy every working American an electric car<BR/><BR/>Problem solved. <BR/><BR/>But. The dollar instantly goes to $0. The Feds lose their tax revenue stream. The oil companies and banks disintegrate. <BR/><BR/>Good for us. Bad for a few thousand criminals who run this planet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91923733883146851202007-10-20T21:25:00.000+01:002007-10-20T21:25:00.000+01:00Peak oil is a hand waving maneuver. It's more pol...Peak oil is a hand waving maneuver. It's more political than anything else.<BR/><BR/>~35% of the foreign oil imported into the US is from Canada/Mexico, http://tinyurl.com/7ldt, right on the DOE site. <BR/><BR/>At the same time, Chevron's deep drilling units are finding that the Gulf of Mexico crude [ considered US territory, though a bit offshore ] isn't immediately running out when they dig further (http://tinyurl.com/lfe9x). In addition, the Alberta sands in Canada have barely scratched the surface of their total reserves and newer technologies will most definitely uncover the less accessible amounts down below.<BR/><BR/>All and all, it isn't the lack of oil that's the problem but perhaps the organic waste treatment of the output of chemical plants and refineries that are a greater concern for the ecology as a whole. If air/water/soil pollution (as oppose to the global warning hand waving) standards were addressed properly, then this might not be the problem as so many have envisioned.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26662628597793183422007-10-20T19:41:00.000+01:002007-10-20T19:41:00.000+01:00I don't know if it fits in one of your senarios bu...I don't know if it fits in one of your senarios but what about "Get Rich off Real Estate" infomercials and Billy Bob thinking he was a real estate Jed Clampett. If I paid 2000 for those classes I'd be out trying to get my 2 grand back too. LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91764484424517422382007-10-20T19:24:00.000+01:002007-10-20T19:24:00.000+01:00Most reporters have the lowest SAT scores in colle...Most reporters have the lowest SAT scores in college. In other words, they're as dumb as rocks and can only parrot the garbage they hear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24869672382862320482007-10-20T19:14:00.000+01:002007-10-20T19:14:00.000+01:00The globilization of risk. Before - banks wanted ...The globilization of risk. Before - banks wanted to make good loans because they were stuck with them is they went bad. Now they sell them to the world, and could care less if they are good or bad loans...<BR/><BR/>Marky MarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89463828367688556542007-10-20T18:02:00.000+01:002007-10-20T18:02:00.000+01:00A time-out for word of appreciationThank you for c...<B>A time-out for word of appreciation</B><BR/><BR/>Thank you for continuing this blog Keith. I visit at least a half-dozen times every day.<BR/><BR/>The wonderful web has given truth-tellers like you a voice, and readers hungry for truth a place of refuge from the daily twisting of reality.<BR/><BR/>The commenters here do a great service to furthering the reach of truth.<BR/><BR/>Even more so, the posters here who are generaly opposed to the purpose of this forum (you know who you are).<BR/><BR/>These are the <B>Real Posters of Genius(tm)</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36260946865180246822007-10-20T17:56:00.000+01:002007-10-20T17:56:00.000+01:00Peak oil.Peak oil.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57465687457494622352007-10-20T17:48:00.000+01:002007-10-20T17:48:00.000+01:00Goodbye middle classGoodbye middle classAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64669420286488140382007-10-20T17:43:00.000+01:002007-10-20T17:43:00.000+01:00Desperate HousewivesDesperate HousewivesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62163475096670500352007-10-20T17:26:00.000+01:002007-10-20T17:26:00.000+01:0011) derivatives11) derivativesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63300235002756509112007-10-20T16:54:00.000+01:002007-10-20T16:54:00.000+01:00Keith, please promote "Baby Boomers" to the #1 rea...Keith, please promote "Baby Boomers" to the #1 reason. They are much worse than any kind of financial leverage, SIVs, CDOs, neg-am pay-option mortgages, or other boogaboo. This is all their fault.<BR/><BR/>Enjoy your retirement, Baby-the-world-began-in-1946-Boomers!christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18976953764593367742007-10-20T16:45:00.000+01:002007-10-20T16:45:00.000+01:00Keith,Your blog saved me from financial ruin, as I...Keith,<BR/>Your blog saved me from financial ruin, as I bought into this fake economy as a flipper. I got out alive 18 months ago. Thanks. Just one question: Don't you think peak oil is real? I have read extensively on the subject. Believe it... it is the downside of the oil production curve that graces even the MSM daily. They just call it other things. There is going to be a race to last of the sweet light crude. There is nothing to replace oil... people in high places know this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47559344638372165832007-10-20T16:01:00.000+01:002007-10-20T16:01:00.000+01:0011. Because Bush is in charge of this country. (e...11. Because Bush is in charge of this country. (everything he touches fails.) <BR/><BR/>12. Overkill of granite counter tops, lofted ceilings and multiple roof peaks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14472494905710553942007-10-20T15:30:00.000+01:002007-10-20T15:30:00.000+01:00Keith, one item you didn't cite is something you t...Keith, one item you didn't cite is something you talk about regularly: the huge size of the REIC. The REIC is being depopulated because there are so few transactions for it to feed on. The migration to unemployment and lower paying positions will reduce aggregate spending. Big multiplier effect. <BR/> <BR/>BTW, I prefer "mortgage industrial complex" rather than REIC. It all starts with free money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5861466787787895752007-10-20T14:41:00.000+01:002007-10-20T14:41:00.000+01:00#8--- hey the Fed itself is a stupid policy.#8--- hey the Fed itself is a stupid policy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39638919614658040372007-10-20T14:40:00.000+01:002007-10-20T14:40:00.000+01:00Oh of course you forgot exploitation of illegal im...Oh of course you forgot exploitation of illegal immigration.Noodleshttps://www.blogger.com/profile/06462307269181909854noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33793108727355997502007-10-20T14:38:00.000+01:002007-10-20T14:38:00.000+01:0011.) EVERYBODY being "all-in".11.) EVERYBODY being "all-in".stuckinthecityhttps://www.blogger.com/profile/04103831140035179103noreply@blogger.com