tag:blogger.com,1999:blog-18675105.post7849106894950952992..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Stupid Question of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger97125tag:blogger.com,1999:blog-18675105.post-91006711889889768392008-05-22T19:19:00.000+01:002008-05-22T19:19:00.000+01:00BTW, please don't give me the usual "If you don't ...<I>BTW, please don't give me the usual "If you don't like it, then leave argument" as I don't live in the states.</I><BR/><BR/>Just send our damn royalty checks and the hot Scandinavian girls, and STFU.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21896091526946570192008-05-22T17:14:00.000+01:002008-05-22T17:14:00.000+01:00This whole thing is just really sad to me. Some o...This whole thing is just really sad to me. Some of the people here have legitimate things to say, otehrs are just insulting one another and bragging about their "success". What is our definition of success? Does it just have to do with the bottom line? Yes, money is important, but what about family, friends, travel, having time to enjoy life? I know I sound totally corny to many of you, but I think there is more to life than having more and better "stuff" than other people. Why are we so concerned with not just keeping up with the Jonses but showing them up? It's just STUFF - who cares? We lost our home in a fire less than a year ago, and let me tell you, it really doesn't matter. It really is just stuff. We got ourselves and the kids and even our pets out and that's all that matters. I just think that we've been brainwashed into thinking that all of these material possessions are so important, and they're really not. If we could learn that what we already have is just fine, that we don't need to constantly upgrade to something "better" - TV, house, car, spouse - we'd probably be a lot happier. If we can get over this need for THINGS to define us and provide status, maybe we can be a lot more free to spend time with people we care about and enjoy life. It will be over one day and you can't take your stuff with you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55873230370089369062008-05-22T15:35:00.000+01:002008-05-22T15:35:00.000+01:00I e-mailed my Buddy who works in Iraq and married ...I e-mailed my Buddy who works in Iraq and married the hot Czech nerd. He informs me that his kids tell him that his ex is serious with another stupid guy and is discussing marriage. Guess since the ex -wife (alimony vampire) can't get any money from him now that he is ex-pat, she needs another "husband" to pick up the bills.<BR/><BR/>Meantime he travels on his new Czech passport, and has no plans to return to the US until the ex is dead or remarried. <BR/><BR/>I post this to make a point, perhaps its hard to patch togther, but, follow me if this makes any sense. Perhaps the housing issue is as much an issue of bribing the typical mercenary American Wife as it is bad loans and greedy brokers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14048832102312797582008-05-22T05:29:00.000+01:002008-05-22T05:29:00.000+01:00To the Honda CRX guy:Do you know what HONDA stands...To the Honda CRX guy:<BR/><BR/>Do you know what HONDA stands for?<BR/><BR/>Hold<BR/>On <BR/>Not <BR/>Done <BR/>Accelerating...<BR/><BR/>LOL<BR/><BR/>-BCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58347931551778742582008-05-22T04:33:00.000+01:002008-05-22T04:33:00.000+01:00Let us not forget that the vast majority of Americ...<I>Let us not forget that the vast majority of Americans were produced by Europeans.</I><BR/><BR/>So by that reasoning, let's not forget that Europeans were produced by Homo Erectus.<BR/><BR/>Do you now know who invented the CD-ROM? Glad to help; send the checks and the Scandinavian girls.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63958138146829954242008-05-22T03:03:00.000+01:002008-05-22T03:03:00.000+01:00Think of all of the thousands of excited couples t...Think of all of the thousands of excited couples that dry humped in front of their realtors, out of sheer joy at their new home purchase.<BR/><BR/>How many of those bunnies are now getting a divorce?<BR/><BR/>What a disaster.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11139286095459314752008-05-22T00:43:00.000+01:002008-05-22T00:43:00.000+01:00"Quite true. The majority of the crowd here is int..."Quite true. The majority of the crowd here is intensely jealous of successful people."<BR/><BR/><BR/>Not universally true.<BR/>I don't demean people who start a company, with all of the associated risks, build it, employ hundreds or thousands (in THIS country) and pay themselves well.<BR/><BR/>Housing bubbleheads who expected to make tens or hundreds of thousands while sitting on their a$$ is another story.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18304280199432672722008-05-21T23:43:00.000+01:002008-05-21T23:43:00.000+01:00"BTW, we're still waiting for royalty payments on ..."BTW, we're still waiting for royalty payments on <BR/><BR/>I have no idea what you're talking about - but the CD was first developed by Philips - a Dutch company.<BR/><BR/>And lets not forget that the whole electrical distribution system (into which you plug in your high tech toys) was developed by Tesla.<BR/><BR/>Aspririn was developed by BASF - Bayer Analin und Soda Fabrik - a German company. Which also developed most of the dyes used in fabrics - probably everything you wear is dyed with a chemical first invented at BASF.<BR/><BR/>What drivel - why don't you get an education before you start blathering garbage that doesn't make sense."<BR/><BR/>This is a perfect example of why America is in the mess it is in. Stupid Americans uneducated belief that they are still great and the world cares what they think. We are American, we rule! Bull, at one point in time America was the promise land - now it is a debt laden, obese, lazy, uneducated nation that puts it's future in the hands of leaders that cannot even intelligently spell or speak, and the ones that are steal every last penny and ship it overseas. They pay their sports stars more than their scientists. They vote more regularly on American Idol than their own leaders. The health care is great for 1% of the population (if you are lucky). If America keeps on the path it is going it will also be bankrupt (most likely already is)and a third world country, owned by Asia and the Middle East. Get a clue Americans!!!! BTW, please don't give me the usual "If you don't like it, then leave argument" as I don't live in the states.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50799779613462222782008-05-21T21:47:00.000+01:002008-05-21T21:47:00.000+01:00"Ex wife's lawyers can't touch him for alimoney, h..."Ex wife's lawyers can't touch him for alimoney, house in LA County now REO since ex can't extort any alimony, and his kids traveled to Paruage for the wedding and loved it."<BR/><BR/>This guy sounds like he could be a hero to many male homedebtors. Make a made for TV movie out of this and put it on Spike.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42440065660079097562008-05-21T20:56:00.000+01:002008-05-21T20:56:00.000+01:00"I have no idea what you're talking about - but th..."I have no idea what you're talking about - but the CD was first developed by Philips - a Dutch company."<BR/><BR/>Let us not forget that the vast majority of Americans were produced by Europeans.<BR/><BR/>What's really funny about this guy is first he carries on about how useless scientists are, and then attempts to take credit for their discoveries. <BR/><BR/>Unfortunately there are millions like him out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65406186330831264052008-05-21T20:54:00.000+01:002008-05-21T20:54:00.000+01:00I have no idea what you're talking about - but the...<I>I have no idea what you're talking about - but the CD was first developed by Philips - a Dutch company.</I><BR/><BR/>Nice try but you're wrong (stick with your insignificant Aspirin):<BR/><BR/><B>The digital compact disc, now commonplace in stereos and computers, was invented in the late 1960s by James T. Russell.<BR/><BR/>Russell was born in Bremerton, Washington in 1931. At age six, he invented a remote-control battleship, with a storage chamber for his lunch. Russell went on to earn a BA in Physics from Reed College in Portland in 1953. Afterward, he went to work as a Physicist in General Electric's nearby labs in Richland, Washington.<BR/><BR/>Russell envisioned a system that would record and replay sounds without physical contact between its parts; and he saw that the best way to achieve such a system was to use light. Russell was familiar with digital data recording, in punch card or magnetic tape form. He saw that if he could represent the the binary 0 and 1 with dark and light, a device could read sounds or indeed any information at all without ever wearing out. If he could make the binary code compact enough, Russell saw that he could store not only symphonies, but entire encyclopedias on a small piece of film.<BR/><BR/>Battelle let Russell pursue the project, and after years of work, Russell succeeded in inventing the first digital-to-optical recording and playback system (patented in 1970). He had found a way to record onto a photosensitive platter in tiny "bits" of light and dark, each one micron in diameter; a laser read the binary patterns, and a computer converted the data into an electronic signal --- which it was then comparatively simple to convert into an audible or visible transmission.<BR/><BR/>This was the first compact disc. Although Russell had once envisioned 3x5-inch stereo records that would fit in a shirt pocket and a video record that would be about the size of a punch card, the final product imitated the phonographic disc which had been its inspiration. Through the 1970s, Russell continued to refine the CD-ROM, adapting it to any form of data. Like many ideas far ahead of their time, the CD-ROM found few interested investors at first; but eventually, Sony and other audio companies realized the implications and purchased licenses.</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48143336193661048462008-05-21T20:43:00.000+01:002008-05-21T20:43:00.000+01:00Aspririn was developed by BASF - Bayer Analin und ...<I>Aspririn was developed by BASF - Bayer Analin und Soda Fabrik - a German company. Which also developed most of the dyes used in fabrics - probably everything you wear is dyed with a chemical first invented at BASF.</I><BR/><BR/>Ladies & gentlemen, we Americans gave the Europeans really revolutionary inventions such as Internet, Broadband, GPS, Laser, LED, RFID, Cell Phone, Software, Fiber Optics, Barcode, Air Conditioner, Polio Vaccine, Oral Contraceptive, Human Grown Stem Cells, Cervical Cancer Vaccine, etc, etc, etc...even toilette paper and zipper we invented.<BR/><BR/>And what the Europeans have to offer? Aspirin.<BR/><BR/>So Europeans, if you listen to music invented by Americans (i.e., Electronic, Rock, Blues, Jazz, Hip-Hop, Soul, R&B, Disco, etc) or if you use a PC, Internet, Broadband, Cell Phone, Mouse, Keyboard, Zipper, Air Conditioner, and toilette paper in a daily basis, OR INVENT ANYTHING ELSE THAT DEPENDS ON OUR INVENTIONS (i.e., software and Internet), you should be sending a royalty check and hot Scandinavian girls to all Americans. We're tired of carrying your lazy a$$es around.<BR/><BR/>The checks for saving your arses from Nazies and Commies aren't needed. Consider that a gift.<BR/><BR/>PS: Your German Aspirin sux. Tylenol FTW.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50978448836020088652008-05-21T18:52:00.000+01:002008-05-21T18:52:00.000+01:00So many great fictitious stories hereSo many great fictitious stories hereAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8829705294305475212008-05-21T17:27:00.000+01:002008-05-21T17:27:00.000+01:00"...when public service employees start feeling th..."...when public service employees start feeling the pinch, you know the private sector is really, really hurting..."<BR/><BR/>Why? Are public sector employees somehow unable to fuck up, or are they denied liar's loans or something? I don't agree with your logic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80965641053111551552008-05-21T16:51:00.000+01:002008-05-21T16:51:00.000+01:00BTW, we're still waiting for royalty payments on I...<I> BTW, we're still waiting for royalty payments on </I><BR/><BR/>I have no idea what you're talking about - but the CD was first developed by Philips - a Dutch company.<BR/><BR/>And lets not forget that the whole electrical distribution system (into which you plug in your high tech toys) was developed by Tesla.<BR/><BR/>Aspririn was developed by BASF - Bayer Analin und Soda Fabrik - a German company. Which also developed most of the dyes used in fabrics - probably everything you wear is dyed with a chemical first invented at BASF.<BR/><BR/>What drivel - why don't you get an education before you start blathering garbage that doesn't make sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56353004950473829322008-05-21T16:34:00.000+01:002008-05-21T16:34:00.000+01:00This could be stupid or brilliant, your call;Buddy...This could be stupid or brilliant, your call;<BR/><BR/>Buddy (48) at work's wife filed for divorce, took him to the cleaners, with alimony (california law)and got the house as part of the deal. His two kids were over 18 and oout of the house, so no Child support.<BR/><BR/>He never pays her a cent in alimony, quits his job, and gets a job with in Iraq with a European based civil engineering company, big bucks. Meets, dates and gets married in Praugue to a hot younger (34) Czech civil engineer (something they both have in common, actually better than e-harmoney, two nerds, cept ones hot!) and when he has applied for Czech passport. Plans to totally blow off the US and return to Praugue after they make their nest egg rebuilding Iraq. <BR/><BR/>Ex wife's lawyers can't touch him for alimoney, house in LA County now REO since ex can't extort any alimony, and his kids traveled to Paruage for the wedding and loved it. <BR/><BR/>Negative, he is legally in deep shit in the states. Postive, he currently does not plan to, until, as he e-mailed me, his ex is dead or the statute of limitations.<BR/><BR/>Guess he thinks way out of the box.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2243923052517042672008-05-21T16:14:00.000+01:002008-05-21T16:14:00.000+01:00My stupidest decision was to to buy my Miami condo...My stupidest decision was to to buy my Miami condo in July of 2006 using money I made from the sale of my first house (another condo) that was owned between 2003-2006. I basically just moved money from one house to another. But it was the peak of the market and I'm an idiot for doing it. Well now I've got it up for sale, and if I lower the price enough I might get lucky and sell it and break even, housing-wise, between 03' and today. Goodbye $80k.Anonymoushttps://www.blogger.com/profile/06491602108656148787noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-709851819221710062008-05-21T13:40:00.000+01:002008-05-21T13:40:00.000+01:00I know an couple in their 50s who bought a second ...I know an couple in their 50s who bought a second house in the DC ex-burbs in March. They told me they needed to buy 5 bedroom 4,000 sq ft house "for the resale value." The sucker they bought it from lost $125K on it in less than a year. Today their neighbor is asking 15K less for an identical house. There are also two identical foreclosures down the street...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90696629811709760992008-05-21T13:21:00.000+01:002008-05-21T13:21:00.000+01:00Quote:And to anon #1, I was/am one of those nouvea...Quote:<BR/>And to anon #1, I was/am one of those nouveau riche. I drive a Porsche (and if you know anything about cars you'd know that a Porsche and Ferrari/Lambo are in different leagues money wise), own a boat, have a 5 bedroom house (rental) in the 'burbs and have a blonde (natural not bleach) wife.------------------------------------<BR/><BR/>I still cherish succes, but, have you taken account on how much value has the dollar lost in the last years? I must say, it made my shopping at amazon.com much more easier. To calculate how much I will in pay Euros, I just slash 50% off the dollar price. <BR/>Im no expert but, i kinda laugh at people when they say they bought the house for x, payed the mortgage for 5 or 6 years and sold it for x+y.<BR/>They never do the math. They think that by buying for 100,000 and selling for 130,000, they made a 30,000 profit. They dont consider the costs of buying and selling (taxes, registry, etc.), interest paid, mortgage costs, condominium, property tax and inflation.<BR/>Its scary.<BR/><BR/>And th most stupid thing I saw was a bank lending a friend of mine who got a mortgage for 40 years with monthly payments of about 80% of his disposable income...<BR/><BR/>PJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31302204984441595582008-05-21T12:36:00.001+01:002008-05-21T12:36:00.001+01:00Oh and if you have $800K in the bank earning 2% in...Oh and if you have $800K in the bank earning 2% interest you are the biggest dumb fuck ever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19006525819018379012008-05-21T12:36:00.000+01:002008-05-21T12:36:00.000+01:00"I have 800k in the bank and drive a crx that woul..."I have 800k in the bank and drive a crx that would give your porsche a run for its money but noone resents me."<BR/><BR/>A CRX? So you are 17 then.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8699906687098018672008-05-21T07:50:00.000+01:002008-05-21T07:50:00.000+01:00This is all true if you doubt me I'll give you the...This is all true if you doubt me I'll give you the address of my former home .<BR/><BR/>This 20 something guy who bought my house in Oceanside, CA 2005 for 3 times what i paid for it in 1999 putting almost 300K of profits in my bank account. This was a 1400 sq ft mid 80's stucco house in a HOA subdivision in Oceanside, Ca 92057. He even paid 10K over my asking price to cover his closing costs which I refused to pay because I was doubting the deal going through.. <BR/>He used creative financing to get a 495K loan with 0 down. This young man who's occupation was construction during the day and a printshop apprentice at night, he was just married with a newborn infant she was pregnent when they first looked at the house and they were hispanic and drove a newer big black chevy stepside pickup with chrome very large rims. This guy was dressed very GQ probably from ROSS but he was trying to look like a player and had spikey overly moussed hair too. There realtor a young like 23 yo attractive thin with nice boobs latino gal drove up in a C class benz a new one and was dressed very sexy and wore alot of jewlry and makeup like right outta HGTV. The realty she was with was called "Mi Banco" they got the loan. <BR/><BR/>They went into default 5 months later with 21K added added onto the loan in unpaid interest. I found it on a foreclosure website. The lender took it back and It is now vacant and for sale by lender. The same time I found it on foreclosure website I noticed another house in a neighboring zipcode 92054 i think anyways this one had a selling price of 580K and it showed he had purchased it 3 months after he bought mine and it was not in default but it showed it for sale for the same price he bought it for duh! and to contact this guy (Same guy his name was there) the seller. Well of course i checked back a couple months later and sure enough that one was in default with outstanding unpaid interest added on showing about 16K more then selling price.<BR/><BR/>CAN YOU SAY OPTION ARM OR PICK A PAYMENT LIAR LOANS!!!!!<BR/><BR/>Honestly at the time I was in escrow June 2005 I was crosing my fingers that this kid didnt cath wind of HousingPanic and back out because in june 2005 i was seeing inventory and fewer sales by a big jump and knowing nieghbors that were not getting offers too and lowering there prices. I did have a hot tub in the backyard nice wood flooring a small kitchen but I did put the granite and the stainless steel appliances back in 2003 because I refi to a super low fixed rate and took that damn HELOC that WAMU pushed me to take. And some of my friends had granite and steel and I thought it was cool too.Luckily I only spent about 20K on the house tops so I walked still with over 250K after the sale. true story THANKS KEITH AND HOUSING PANIC FOR EDUCATING ME BACK WHEN BLOG STARTED!! MY LIFE IS SO STRESS FREEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19497927983208645752008-05-21T05:09:00.000+01:002008-05-21T05:09:00.000+01:00Actually, there's nothing much scientific about 30...Actually, there's nothing much scientific about 30k scholars signing a piece of scroll. Science is about scientific methods: falsifiable theories about observables. There's nothing falsifiable about the global warming theory; you can't go in, remove humanity, and see if the temperature drops, all else being equal :-) Thousands of scholars with too much time on their hands and their sinecure pensions from the government on the line have been signing all sorts of scrolls long before rigorous scientific methods were born and practiced. Science is not about consensus; science is about veracity and provability. On most big hisotrical scientific debates that became so popular as to invovle the lay population, the minority scientific opinion of the time usually proved correct: e.g. Kopernicus, Darwin, etc..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46734763622878724782008-05-21T03:16:00.000+01:002008-05-21T03:16:00.000+01:00" Anonymous said... And to anon #1, I was/am one o..." Anonymous said... <BR/><BR/>And to anon #1, I was/am one of those nouveau riche. I drive a Porsche (and if you know anything about cars you'd know that a Porsche and Ferrari/Lambo are in different leagues money wise), own a boat, have a 5 bedroom house (rental) in the 'burbs and have a blonde (natural not bleach) wife."<BR/>--------------------<BR/><BR/>My clinical experience tells me that nouveau riche suffers from compulsive bragging. He was probably not allowed to when he was a child.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76580169611482860152008-05-21T03:08:00.000+01:002008-05-21T03:08:00.000+01:00Spend for the sake of spending just so I can show ...<I>Spend for the sake of spending just so I can show off. In other words you are castigating me for not doing what you castigate others for doing. In other words you are one dumb asshole.</I><BR/><BR/>No no, my brother is the dumb a$$hole, I'm the douchebag. So it's the blond free on weekends to check my oceanfront pad or what? Is she hot? I don't do chubby chicks.Anonymousnoreply@blogger.com