tag:blogger.com,1999:blog-18675105.post7293864821866619739..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Buy.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger84125tag:blogger.com,1999:blog-18675105.post-78873647002383192212017-04-27T21:49:40.377+01:002017-04-27T21:49:40.377+01:00Followed your advice and my own inclinations and b...Followed your advice and my own inclinations and bought my first home May 2011. Sold four years later and made pretty good bank. Around 40%. Bought the last of the short sales, a bigger, nicer place. Refi'd the day of Brexit at 3%. <br /><br />My p/e is 2.75. Life is good. I get to live the American Dream while I watch it fall apart for so many others. A couple took my advice. <br /><br />And meanwhile the economy goes completely wonky. Institutional investors quietly backing out of stocks while a mania builds among retail investors. Stock bubbles everywhere. Stalled earnings. People struggling and turning to drugs while the media assures them everything is great. Westcoastradamushttps://www.blogger.com/profile/13261163005167229564noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1381019099404747102017-04-27T21:43:39.603+01:002017-04-27T21:43:39.603+01:00Keith was so, so right. Stayed out of the mania, b...Keith was so, so right. Stayed out of the mania, bought my first home May 2011. Made 40% profit in just under 4 years, sold (a little too low) and bought a bigger, nicer place, just about the last of the short sales, for less than I sold the first one for. Then I refi'd at 3.25%. Then the day of Brexit I said screw it and refi'd AGAIN at 3%. Don't even care where the market goes, my monthly is less than a quarter of my after-tax. My P/E is 2.75. Life is grand. <br /><br />Which is good because the crash chewed up my in-laws and spit them out, so we help support them. Westcoastradamushttps://www.blogger.com/profile/13261163005167229564noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34878675088187699342016-09-11T00:15:05.811+01:002016-09-11T00:15:05.811+01:00Keith --
I think it's time for another post, ...Keith --<br /><br />I think it's time for another post, don't you?<br /><br />"ZOMG SELL AND RUN FOR YOUR LIFE"<br /><br />Best regards, <br /><br />cgchristiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14053683473756979572013-03-19T04:15:35.134+00:002013-03-19T04:15:35.134+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57422541103268872842013-03-18T19:52:58.397+00:002013-03-18T19:52:58.397+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53362549684478721102013-03-16T21:31:47.881+00:002013-03-16T21:31:47.881+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34029770807266664522013-03-16T09:22:40.090+00:002013-03-16T09:22:40.090+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22895915214335440122013-03-16T09:22:39.854+00:002013-03-16T09:22:39.854+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19721893306531649812013-03-15T08:15:22.080+00:002013-03-15T08:15:22.080+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36634735487032797242013-03-15T00:14:17.921+00:002013-03-15T00:14:17.921+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27864038542688513402011-12-04T09:01:18.828+00:002011-12-04T09:01:18.828+00:00Keith:
I really enjoyed reading your insights. D...Keith:<br /><br />I really enjoyed reading your insights. Do you blog anywhere else. I know that this blog is finished and that Soot and Ashes appears to be done as well. You need a third act to complete the trilogy.David Schaeffernoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10851328251961396222011-11-12T01:31:06.257+00:002011-11-12T01:31:06.257+00:00How's that buy call looking now, almost a year...How's that buy call looking now, almost a year later? House prices have continued to fall, and are projected to fall another 5% where I live. Not to mention all the foreclosures held by banks for fear of flooding the market with the reality that there are 3x the amount of homes for sale in a typical year sitting idle?<br /><br />I'll wait another 3 years or so, thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30639312589635614162011-09-22T12:25:04.481+01:002011-09-22T12:25:04.481+01:00hahah keith... i still check from time to time... ...hahah keith... i still check from time to time... funny you post this..<br /><br />we did buy in an area where townhouses were formally in 350-500k range.. we got a brand spanking new sf home built starting at 360k ending in the low fours with options... @ 4% fed rate loan.. after we closed the builder jacked the price back up 20k.. and now rates seem to be going up.<br /><br />ThanksMahendrahttp://1goldinvestment.comnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9477492366174277392011-09-09T02:51:05.031+01:002011-09-09T02:51:05.031+01:00Keith,
It really is a loss that you do not write ...Keith,<br /><br />It really is a loss that you do not write here anymore.<br /><br />This blog was more about the housing market.<br /><br />This was a blog where I was able to get the truth 3-5 years before the media covered it.<br /><br />1) I learned about Ron Paul here<br />2) I learned about the Housing Bubble here before 99% of the population.<br />3) I learned to invest money in Gold, Silver, Oil, and Natural Resources back in 2007 and made a killing because we would discuss Bernanke and his dollar inflating policy's and how that related to commodities going up.<br />4) I learned about monetary policy.<br /><br /><br />And I am not just blowing smoke up Keith's ass. It was mainly the regular posters who would turn every post into an excuse to discuss the truth of the economy they were witnessing in their end of the world. I learned from the posters more then just Keith.<br /><br />I really wish this community still existed.Chrishttps://www.blogger.com/profile/03203543884180960534noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32262346312249293512011-08-28T22:55:07.598+01:002011-08-28T22:55:07.598+01:00Keith--come back! We need you!Keith--come back! We need you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42953199701997797632011-08-19T19:37:33.589+01:002011-08-19T19:37:33.589+01:00Wow I miss it in here.
So how is everything worki...Wow I miss it in here.<br /><br />So how is everything working out Kieth? That "buy" was a stupid call in fact DR Horton, Pulte, McMillin all heard you say build.....so they did and have created an even larger inventory. What a mess. I htink we need Scooby Doo and the ganag to see if they can pull that mask off of Obama.....I think it is really Bush in an Obama mask. You fucked up endorsing that peice of shit loser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36529264400905586912011-08-17T21:06:39.072+01:002011-08-17T21:06:39.072+01:00From housing panic to debt crisis in just a few ye...From housing panic to debt crisis in just a few years. How do they do it? All i know is that we are in a real big mess!!goudbeleggerhttp://www.goudbelegger.comnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82675906655961971642011-08-09T14:50:26.271+01:002011-08-09T14:50:26.271+01:00Sorry to see this great blog end on such a WRONG n...Sorry to see this great blog end on such a WRONG note!<br /><br />We never got to capitulation - but we will. <br /><br />Home prices are about half-way through their purging process - why would anyone want to buy when the best deals are yet to come.<br /><br />This blog was timely, fun and right-on during the mania. I'm not sure what caused a premature end followed by such a poor call on the bottom of the housing market - perhaps just fatigue of the daily grind?Davidhttps://www.blogger.com/profile/14073090925170972148noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11106547740019663282011-08-09T04:09:40.184+01:002011-08-09T04:09:40.184+01:00"No matter what some agency may say, we'v..."No matter what some agency may say, we've always been and always will be a triple-A country." - <br /><br />Barack "I'm a fucking retard" Obama<br /><br />And then a few eyes opened and they realized that lines like "the greatest country on earth" might just be a bunch of bullshit to make ourselves feel better.<br /><br />I seriously never thought that this spit and polished politician would make a simpleton like George Bush look smart, but damn if he hasn't done just that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29184991968829722692011-08-05T09:47:48.026+01:002011-08-05T09:47:48.026+01:00We kept telling Keith that such a crash takes gene...We kept telling Keith that such a crash takes generational time to resolve itself. But Keith is obviously just scheming for his own benefit. So he compressed the <i>Stages of Grief</i> down to a few weeks or months per stage, instead of the solid YEARS per stage that are really required.<br /><br />1. Denial: "It can't be happening"<br />2. Anger: "Why me? It's not fair"<br />3. Bargaining: "Just let me live to see my children graduate"<br />4. Depression: "I'm so sad, why bother with anything?"<br />5. Acceptance: "It's going to be OK."<br /><br />Here's the truth, Keith: WE'RE STILL IN THE DENIAL PHASE. Most people are calling the bottom in every month, and are taking each Spring selling season as "aha, now comes the recovery". Prices are mainly dropping from force-- foreclosures, short sales. Prices are not dropping from voluntary means. Prices amongst unforced sellers are still at epidemic levels of WISHING.<br /><br />True, some of the more advanced areas are into the Anger phase. But essentially no one caught up in the Housing Bubble is in the Bargaining stage.<br /><br />This U.S. housing ennui will carry on into the 2020s. That's A.D., folks. Japan has endured 20 years of deflation and stagnation, and we've tried to cover up our same problems in the same way. So we're in for at least 20 years of the same results. So, the "buy" signal of some scheming property flipper like Keith isn't going to truly arrive until the 2020s.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42877230341911169842011-07-23T21:09:07.168+01:002011-07-23T21:09:07.168+01:00Here we are in late July 2011, and our esteemed pr...Here we are in late July 2011, and our esteemed president is living up to the nickname I gave him years ago. The Retarded Negro won't cut a fucking thing in this budget, but let's soak the rich some more. I didn't think it was possible, but he's making Dubya look pretty good.<br /><br />Oh, those house prices are doing wonders since your "Buy" recommendation in December. <br /><br />Yeah, I'd probably be in hiding myself, Loser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27917941248530902752011-07-16T07:57:50.914+01:002011-07-16T07:57:50.914+01:00Keith, you are wrong!
A) House prices stagnant ev...Keith, you are wrong!<br /><br />A) House prices stagnant even though interests rates are at all time lows.<br /><br />B) Before any meaningful real recovery comes to housing prices, interest rates will rise.. what will that do to housing prices?<br /><br />C)Jobs, Jobs, Jobs... I don't care what you say Keith! Almost 20% unemployment and will continue to get worse.. what will that do for home values?<br /><br />Looks like you swallowed the Obama Kool Aid Keith!<br /><br />We are doing the same thing Japan did and the prices didn't level out until 15 years later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58775711006054846872011-07-09T03:20:25.370+01:002011-07-09T03:20:25.370+01:00The cheerleading is back! One month of gains and R...The cheerleading is back! One month of gains and Reagor is back at it.<br /><br />http://www.azcentral.com/community/ahwatukee/articles/2011/07/08/20110708arizona-housing-market-gaining-ground.html<br /><br />I don't see this forming a trend. The jobs situation in Phoenix is terrible and the shadow inventory looms large.Rosshttps://www.blogger.com/profile/02838979958618850383noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9074535026469796762011-07-01T18:06:10.852+01:002011-07-01T18:06:10.852+01:00Anonymous said...
Where I live (DC) the time to b...Anonymous said...<br /><br /><i>Where I live (DC) the time to buy was 2 years ago. Back then Case Shiller was at 165. Today its closer to 185 & rising. <br /><br />In DC, the bottom was in 2009 and it never ever is coming back</i><br /><br /><br />Yep - since then DC has tacked on another percent - Case Shiller is at 187 and rising 4% per year.<br /><br />I Feel bad for those who did not buy in early 2009. Sad to say, but some of them truly were priced out forever...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56401033460953924312011-06-21T16:45:48.200+01:002011-06-21T16:45:48.200+01:00It’s been since December when this blog was create...It’s been since December when this blog was created but now that its summer of 2011 “The Real Estate Season” now is the best time to buy. If anything, it’s even better as time goes on.Jonathan Longhttp://www.yournorthochomes.comnoreply@blogger.com