tag:blogger.com,1999:blog-18675105.post556562847784135862..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Debt is not wealth. There. Got it. Any questions?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-18675105.post-60743892861935633562008-02-27T16:16:00.000+00:002008-02-27T16:16:00.000+00:00Debt can be an absolute nightmare when it starts t...Debt can be an absolute nightmare when it starts to spiral Out of control. It best to get some <A HREF="http://www.mydebtconsolidationadvice.com/" REL="nofollow">debt consolidation</A> advice if it starts to affect your health through the stress of it all. Then when your finally out of debt try and make sure it does'nt happen again!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83158819793313431322008-02-20T21:12:00.000+00:002008-02-20T21:12:00.000+00:00Historical foreclosure rate is ~0.5% of all houses...<I><BR/>Historical foreclosure rate is ~0.5% of all houses. Now it's up to 1-1.5% or so. Overall, we're still only looking at a very small proportion of the popluation. </I><BR/><BR/>You're an idiot and a dope. Even the prime default rate is at 4.5% now. The subprime at CountryWide is almost 20%<BR/><BR/>Add those numbers up year over year for 3 years and you have a disaster.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84711115205256127122008-02-20T02:53:00.000+00:002008-02-20T02:53:00.000+00:00To ed:Hells ya dawg, I feel ya'.....To ed:<BR/><BR/>Hells ya dawg, I feel ya'.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10833101875222317732008-02-19T18:41:00.000+00:002008-02-19T18:41:00.000+00:00"Anonymous said... >> Yo, dat ride iz da shizzn..."Anonymous said...<BR/><BR/> >> Yo, dat ride iz da shizznit to da wizznit, kno what I'm sayin?<BR/><BR/> No. Speak English you stupid fuck!<BR/><BR/> February 18, 2008 4:26 PM"<BR/><BR/>Dude, lay off the tripple espresso today. Geezus fucking christ, lighten up.Edhttps://www.blogger.com/profile/13750286862065420283noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34182163139683721922008-02-19T09:06:00.000+00:002008-02-19T09:06:00.000+00:00Anon 2:06, since the argument that "Frank is just ...Anon 2:06, since the argument that "Frank is just jealous of Scottsdale" annoys the crap out of me, I looked up the demographics for where I now live:<BR/><BR/>Average individual income: $388,600<BR/>Average home price: $1.8 million<BR/>58% of homes are owned outright with no mortgage<BR/>Median age: 38<BR/><BR/>Here's the link if you think I'm lying:<BR/>http://tinyurl.com/ynknvp<BR/><BR/>Dude, stop trying to tell me I'm jealous of Scottsdale (where the avg individual income is $39k) because it just makes you look like a dumbass to say something that ignorant.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13369163970384274782008-02-19T08:53:00.000+00:002008-02-19T08:53:00.000+00:00"The problem with people like you Keith and Frank ...<I>"The problem with people like you Keith and Frank at Scottsdale Sucks is that you guys are really jealous of people who do possess wealth."</I><BR/><BR/>Actually, no, I respect and celebrate legitimate wealth that is honestly earned.<BR/><BR/>Are you even aware of the fact that I left Scottsdale to move to 92657, the wealthiest zip code in America?<BR/><BR/>I *LOVE* real wealth. I *HATE* fake money.<BR/><BR/>PS: There's no real wealth in Scottsdale. Get a clue and stop drinking the Kool-Aid.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8913241136801248312008-02-19T08:10:00.000+00:002008-02-19T08:10:00.000+00:00It will be a great day in America when the Hummer ...It will be a great day in America when the Hummer brand goes the way of Oldsmobile and is phased out for lack of generating income. The H1 was about serious offroading and could not be used as a daily driver.<BR/><BR/>The H2 and H3 represent everything wrong with our nation; vanity, stupidity, debt, phoney front, egomania, mental disease, etc...<BR/><BR/>I'm just glad fuel will be too expensive for these POS trucks to get into the hands of high school kids 5-10 years from now when they depricate to under $5000. Junk GM product, immature driver, lack of proper care, and a heavy weight = killing machine. Um...not to discount the dumba**es who drive them these days.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73926229235238939302008-02-19T07:01:00.000+00:002008-02-19T07:01:00.000+00:00I don't think Mr Bling confuses debt with wealth. ...I don't think Mr Bling confuses debt with wealth. He bought that ugly hummer as an investment in getting some "trim". <BR/><BR/>Lighten up already. You can't blame a guy for borrowing money to try and get a car that will attract a little female companionship.Russ DoGGhttps://www.blogger.com/profile/16161611465473318748noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45071870966611544522008-02-19T06:47:00.000+00:002008-02-19T06:47:00.000+00:00Veronica Lodge - thanks for the link- that's good...Veronica Lodge - thanks for the link- that's good reding (kuntsler)Russ DoGGhttps://www.blogger.com/profile/16161611465473318748noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73842782449995511322008-02-19T04:59:00.000+00:002008-02-19T04:59:00.000+00:00its the world of today.....its the world of today.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50121387307668083492008-02-19T04:09:00.000+00:002008-02-19T04:09:00.000+00:00Damn! I'm really gonna miss those H2's emblazoned ...Damn! I'm really gonna miss those H2's emblazoned with Got Realtor? etc and or Mortgage broker website address graphics and a stupid personalized licsense plate with something like "1MTGBRKR" rolling around SoCal with some fake ass made up made up bitch or some pompous ass businessman realtor GOON yaking away on there crackberries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31242449834998054982008-02-19T03:00:00.000+00:002008-02-19T03:00:00.000+00:00Too many people believing that if you can drive a ...Too many people believing that if you can drive a shiny Yukon with shiny rims than you have made it. Pie in the sky baby. Who cares if it costs you 40% of your construction worker/field laborer/etc. wages. <BR/><BR/>Jeez, I chose to drive a small hyundai. why would you want to waste your hard earned income on extra gas and a depreciating asset. I'll never understand the car-ego connection.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13715113740548270662008-02-19T02:06:00.000+00:002008-02-19T02:06:00.000+00:00The problem with people like you Keith and Frank a...The problem with people like you Keith and Frank at Scottsdale Sucks is that you guys are really jealous of people who do possess wealth. You folks and your many minions on this board seem to think anyone who is wealthy is "fake". I have news for you: this economy will not falter, it will not fail, it won't collapse. This country is the greatest nation in history. This too shall pass.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15866139597682946332008-02-19T01:07:00.000+00:002008-02-19T01:07:00.000+00:00I find it simply delightful that I can go into a b...I find it simply delightful that I can go into a bank, sit down, munch on some chips, and observe the $30K millionaire phonies screaming and crying that they should get to keep their toys because they deserve them.<BR/><BR/>In the background you can hear me cackling!<BR/><BR/>Woman: I want my Hummer back!<BR/><BR/>Banker: No, we've taken it from you. You're all tapped out of home equity on a home that is twice the value, now, of your mortgage.<BR/><BR/>Wings: Crunch, crunch, cackle, cackle...<BR/><BR/>Bwahahaha!<BR/><BR/>Who needs the movies when this spectator sport is sooo much funner!<BR/><BR/>Yay!<BR/><BR/>You've made me so very happy with your shenanigans. If I'm going to have to foot the bill as a taxpayer, I'm sure as hell am going to enjoy the show!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75046590353003526802008-02-19T00:11:00.000+00:002008-02-19T00:11:00.000+00:00Once again, stories like this remind me to say THA...Once again, stories like this remind me to say THANK YOU Keith and loyal HP readers/bloggers!!<BR/><BR/>Thanks to being exposed to the wisdom and advanced warning I got on this site, I got off my A$$, paid my credit cards and car over the last year and began stashing as much cash as I could in the bank.<BR/><BR/>With such an insecure economic future ahead, I am feeling at least a little better--I can live on a Hooters waitress salary now if I had to! LOL <BR/><BR/>MUCHAS FREAKIN GRACIAS to all and best of luck in the storm ahead!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9723751275759734062008-02-18T21:31:00.000+00:002008-02-18T21:31:00.000+00:00Historical foreclosure rate is ~0.5% of all houses...Historical foreclosure rate is ~0.5% of all houses. Now it's up to 1-1.5% or so. Overall, we're still only looking at a very small proportion of the popluation. Yeah, it's fun to laugh at the Mr. leased Hummer types. But they only represent 1/100 people if not less. Hardly sounds like anything to get all worked up over.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21690260564071540892008-02-18T20:06:00.000+00:002008-02-18T20:06:00.000+00:00Please don't take my H2! My girl will leave me!Please don't take my H2! My girl will leave me!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19464620410245104842008-02-18T19:42:00.000+00:002008-02-18T19:42:00.000+00:00"If you can negotiate your rock-bottom price on a ..."If you can negotiate your rock-bottom price on a car (no strings) AND get the dealer to give you 0% or 1.1% financing (or anything lower than what a savings account pays) then take the financing and invest what you would have paid cash. You're better off with that math."<BR/><BR/>Don't forget to add the cost of full coverage insurance into that math. The only car I ever financed ended up costing more monthly in insurance than the payment. (It was an overpowered phallic symbol on wheels, but STILL)<BR/><BR/>My current disreputable looking beater costs me $28/month for liability AND if I decide I want to take it off road, or airborne, no worries. I could replace it for less than what is in my checking account.<BR/><BR/>Saw a filthy Hummer with bald tires in the costco parking lot yesterday. Full of blankets and trash...I wonder if somebody was living in it. After a few dozen $100 fillups, it has to start hurting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49113070762859597702008-02-18T19:25:00.000+00:002008-02-18T19:25:00.000+00:00"wait, renting houses is good but leasing deprecia...<I>"wait, renting houses is good but leasing depreciated vehicles is bad?"</I><BR/><BR/>You're obviously not a business owner. I paid cash for my last car which was S-T-U-P-I-D because the deduction is only $15,000 over three years, max. I leased my current car under my business and now I get to deduct 100% of the cost. I did a pre-paid lease so I paid it in one lump sum, without monthly interest payments.<BR/><BR/>This idea of "only buy a car for cash, no lease" is fine if you have a job but downright dumb for a business owner.<BR/><BR/>Anyway, back on topic - what's bizarre about Scottsdale is a lot of these debt-ridden phonies actually seem to believe they're rich. I guess it's the phenomenon of people believing their own lies after they lie long and hard enough.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12679170743676403762008-02-18T19:05:00.000+00:002008-02-18T19:05:00.000+00:00I don't think the debt is wealth has been totally ...I don't think the debt is wealth has been totally answered yet. If there is a government bailout then debt does equal wealth...Unknownhttps://www.blogger.com/profile/09833211033844942379noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89940140916750972992008-02-18T18:49:00.000+00:002008-02-18T18:49:00.000+00:00.It is interesting,I can mortgage a house I can't ....<BR/><BR/>It is interesting,<BR/><BR/>I can mortgage a house I can't afford, buy way to much vehicle, bling....and on and on,<BR/><BR/>And I would be considered rich.<BR/><BR/>Vanity of Vanities,<BR/><BR/> all is Vanity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86473602452165858472008-02-18T18:45:00.000+00:002008-02-18T18:45:00.000+00:00.I Want It all,and I want IT NOW!..<BR/><BR/>I Want It all,<BR/><BR/>and I want IT NOW!<BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44708875596568704972008-02-18T17:49:00.000+00:002008-02-18T17:49:00.000+00:00Vanilla Joe looks Ghetto fab! I know who he's vot...Vanilla Joe looks Ghetto fab! I know who he's voting for.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34451486814527519162008-02-18T16:55:00.000+00:002008-02-18T16:55:00.000+00:00That cannot be more true; keeping up with the Jone...That cannot be more true; keeping up with the Joneses has become a way of life in the USA with serious consequences.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24621618028158275532008-02-18T16:26:00.000+00:002008-02-18T16:26:00.000+00:00>> Yo, dat ride iz da shizznit to da wizznit, kno ...>> Yo, dat ride iz da shizznit to da wizznit, kno what I'm sayin?<BR/><BR/>No. Speak English you stupid fuck!Anonymousnoreply@blogger.com