tag:blogger.com,1999:blog-18675105.post8796890094968531963..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: The Fed is going to take rates to 0% to try to get us out of this clusterf*ck. So what's the next bubble?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger84125tag:blogger.com,1999:blog-18675105.post-30243789636993190342008-01-20T19:23:00.000+00:002008-01-20T19:23:00.000+00:00.FirewoodCigarettesbeer.....alcoholguns n ammogaso....<BR/><BR/><BR/>Firewood<BR/>Cigarettes<BR/>beer.....alcohol<BR/>guns n ammo<BR/>gasoline<BR/>KY jelly<BR/>porn<BR/><BR/><BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85842852148323791592008-01-20T16:55:00.000+00:002008-01-20T16:55:00.000+00:00Throws $800 on the store counter saying "A dozen c...Throws $800 on the store counter saying "A dozen cases of beer, 5 sleeves of cigarettes, oh and I'll take the rest in lottery tickets"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61553093229371644842008-01-20T13:01:00.000+00:002008-01-20T13:01:00.000+00:00aren't ramen and popcorn commodities?aren't ramen and popcorn commodities?socalchrishttps://www.blogger.com/profile/15313628981458057960noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47533887946650539432008-01-20T04:42:00.000+00:002008-01-20T04:42:00.000+00:00Bed mattresses! For more than one reason!Bed mattresses! For more than one reason!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52709052263809526432008-01-19T22:54:00.000+00:002008-01-19T22:54:00.000+00:00ALL COMMODITIES......................................ALL COMMODITIES...........................................................................start reading about the commodity super cycle (jim rogers, marc faber, etc).......................ASIAN STOCK MARKETS.....this blog did well reading about the housing crash and peak oil...start expanding your book listAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6747812354003992502008-01-19T22:04:00.000+00:002008-01-19T22:04:00.000+00:00Unfortunately the next bubble could be religion. ...Unfortunately the next bubble could be religion. People seek things to believe in during hard times.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27340583373114189892008-01-19T20:30:00.000+00:002008-01-19T20:30:00.000+00:00The next bubble will be in FEAR.There will be no m...The next bubble will be in FEAR.<BR/><BR/>There will be no more asset-based bubbles, as deflation is on its way:<BR/><BR/>http://ponziworld.blogspot.com/2008/01/deflation-vs-inflation-vs-both.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33310218551649784192008-01-19T19:58:00.000+00:002008-01-19T19:58:00.000+00:00If rates were to return to 1% soon, this would re-...<B><I>If rates were to return to 1% soon, this would re-inflate housing.</I><BR/><BR/>That won't help unless the liars loans come back. Even when the FFR was 1% the average mortgage rates were still above 4.5%</B><BR/><BR/>Yup, exactly right. Interest rates haven't mattered in the decision to buy, except in the earliest days of the boom.<BR/><BR/>Since 2003, the stimulus to the price run-up was actually the lending terms and loose credit, with all the exotic loan devices (neg-am, stated, NINJA, liar loans, etc) being used. <BR/><BR/>In fact, these late-to-the-party buyers really didn't CARE about interest rates (or artifically-inflated house prices), as much as the familiar question, "how low can you make my monthly payment"? As a result, all they cared about was getting shoe-horned into a house, regardless of the costs (or if they could afford it in the long run).<BR/><BR/>A great example is a friend who "bought" a small place in L.A. for $650k, using a 7 (seven) year I/O loan! Ridiculous, ain't it? <BR/><BR/>That's basically a permanent renter's loan, as there's no way in hell the house will continue to appreciate to the point that she could EVER pay down the principal (and hence build equity), as she can hardly keep up with the interest only portion, as it it!<BR/><BR/>That's truly a loan for losers, or one for financial idiots...<BR/><BR/>Meanwhile, the broker has earned his commission on the front and back-end, and I doubt this buyer even realizes the depth to which she was screwed for the sake of a hefty commish.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33874216879697262272008-01-19T19:54:00.000+00:002008-01-19T19:54:00.000+00:00#7 (Bullets and Guns)#7 (Bullets and Guns)Owner Earningshttps://www.blogger.com/profile/17837801719246490816noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81230829358043266352008-01-19T19:47:00.000+00:002008-01-19T19:47:00.000+00:00Next bubble?I dunno: Lladro and Hummel figurines? ...Next bubble?<BR/><BR/>I dunno: Lladro and Hummel figurines? Collectibles have always been good candidates, as they're made in limited amounts, and are meaningless trinkets that people like to look at and require skill to counterfeit. Oooh, they're so cute, and at least they're not made of cloth (Beanie Babies). I predict massive Lladro shortages and riots by 2009. ;)<BR/><BR/>It reminds me of how the early colonists traded handful of beads with the natives to get the land that became Manhattan (New York).<BR/><BR/>As stated above, though, we need to RAISE interest rates, not lower them! This is exactly what Paul Volcker did in the 70's and 80's to burst a pesky bubble of the day, administering tough love to deal with inflation. <BR/><BR/>And FWIW, I don't blame Bernanke, who simply inherited the mess made by Greenspan...<BR/><BR/>Foggy-brained recovered alcoholics like Bush want to play the populist card with this "Free Government Cheese" hand-out, catering to the sheeple to try and save his already-spoiled legacy. The only thing worse than an an out-of-control tax-and-spender is an out-of-control spender who doesn't want to tax with one hand, while tapping into the till with the other!<BR/><BR/>I say raise the rates, and screw the borrowers who took out ARMs banking on the financial world's equivalent of a perpetual-motion machine (AKA guaranteed appreciation), while running up their credit cards to the hilt. They didn't REALLY think rates would stay low forever, did they? <BR/><BR/>Or did they not comprehend what the meaning of the word "ADJUSTABLE" means, in the phrase, "ADJUSTABLE RATE MORTGAGE" (ARM)? Yup, it moves around and up-and-down.<BR/><BR/>So why exactly should we sacrifice our country's economy for the sake of those idiots who over-extended themselves? Borrowers took out loans for homes they NEVER could've afforded under traditional lending rules, in the first place. <BR/><BR/>All I want is for some of these people to get the hell out of MY future house (I have great credit, and a good job), and the sooner, the better!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24562095277657865702008-01-19T19:28:00.000+00:002008-01-19T19:28:00.000+00:00Roccman said...FarmlandI don't see this, farmland ...Roccman said...Farmland<BR/><BR/>I don't see this, farmland needs to be worked, you can't just leave it there doing nothing. Check out any piece of land left for over a year, it ends up full of weeds, thistles, dock etc. There's a saying in horticultural circles, 1 years weeds, 7 years seeds. If you're buying to work the land you have to buy all the tractors, ploughs, harvesters and they're all big buck items and cost more than the land. Thats OK if you're spreading the cost over 10 years, but for short term not worth it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59756029421462837332008-01-19T19:00:00.000+00:002008-01-19T19:00:00.000+00:00If rates were to return to 1% soon, this would re-...<I>If rates were to return to 1% soon, this would re-inflate housing.</I><BR/><BR/>That won't help unless the liars loans come back. Even when the FFR was 1% the average mortgage rates were still above 4.5%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41598919510330643922008-01-19T18:09:00.000+00:002008-01-19T18:09:00.000+00:00Next Bubble:CARBON TRADING. It does not matter who...Next Bubble:<BR/><BR/>CARBON TRADING. <BR/><BR/>It does not matter who is elected President. The population has already been molded and will ask/demand it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39684178503058206692008-01-19T17:00:00.000+00:002008-01-19T17:00:00.000+00:00oilIt will be fuiled by peak supply....it won't ge...oil<BR/><BR/>It will be fuiled by peak supply....it won't get seriously recognized until we pull out of this recession...and it will pop will introduction of viable alternatives in techAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50582219480981063412008-01-19T16:45:00.000+00:002008-01-19T16:45:00.000+00:00There probably won't be another bubble since acces...There probably won't be another bubble since access to credit simply won't be available to most people.<BR/><BR/>Gold, and possibly other precious metals (PMs), may soon look like they are in a bubble however this will simply not be the case. IMHO, a fraction of the worlds wealth moving into PMs will propel their prices into the stratosphere.<BR/><BR/>If you think $900.00/oz for gold is high then you will be shocked at $9,000.00/oz and awed at $90,000/oz. Don't think it can't happen as there are simply too few safe havens to dilute the volume of fiat currency/ficticious capital currently in circulation.<BR/><BR/>Just wait until there is physical shortage/non-delivery of gold or silver. This is when the 'owners' of ETFs get their moment of reckoning as they try to exchange their paper certificates for the physical equivalents only to find that it simply does not exist.<BR/><BR/>TPTB are now running scared as they realize that things are rapidly coming apart. The one thing that has always made the USA appear 'safe' is our stability.<BR/><BR/>That stability was simply a reflection of the fact that the majority of people were getting what they wanted and lived comfortably. Soon the majority of people in the USA will not be comfortable. This will, not may, lead to instability. How bad that instabilty gets remains to be seen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75078465255705904122008-01-19T16:07:00.000+00:002008-01-19T16:07:00.000+00:00Mark in San Diego said... Just watched the 13 minu...Mark in San Diego said... <BR/>Just watched the 13 minute Jim Cramer video on CNBC web site. . .he is so spot on - instead of giving people $500 - bail out the AMBAC, etc. . . would cost less. . .should we at HP support this or do we really want a 1929 collapse of the system? It is the question to ponder this weekend. . .be careful what we ask for. <BR/><BR/>I admit that I am a Puritanical Prig, and part of me wants a meltdown that will end the credit lifestyle once and for all. . .but the price we all will pay will be severe. . .I don't have the answer.<BR/>---------------------------<BR/><BR/> YUP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24122718326762887992008-01-19T15:24:00.000+00:002008-01-19T15:24:00.000+00:00The next bubble to burst is government services......The next bubble to burst is government services...<BR/><BR/>1. Education<BR/>2. Health Care<BR/>3. Military and Police<BR/><BR/>Tax revenues from property, income, sales, and capital gains are all plummeting. This is already happening in California.<BR/><BR/>1. Schools and universities will have government spending slashed as states will not have extra money to pay for them. Education is worthless anyways since most of the skilled labor jobs have moved to China and India. <BR/><BR/>2. Health Care will largely be deregulated. Nurses and 2nd tier health care workers will have wages slashed.<BR/><BR/>3. Military, police, and prison spending will be slashed as there is no money to pay for them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81077631785260423882008-01-19T15:04:00.000+00:002008-01-19T15:04:00.000+00:00Princess Mononke said:"***Gold*** A little further...Princess Mononke said:"***Gold*** A little further down the road. The commodities dealer's have been on a broker/agen recruiting frenzy! They need help handling the volume."<BR/><BR/><BR/>Funny you mention this. I'm sure they're very busy...not to mention numerous all the new 'Buy or Sell Your Gold' websites that have sprung up recently.Miss Goldbughttps://www.blogger.com/profile/10801986805626811706noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66376433847372797122008-01-19T13:47:00.000+00:002008-01-19T13:47:00.000+00:00*** THE NEXT BUBBLES ARE ****AgucultureCopperLeadG...*** THE NEXT BUBBLES ARE ****<BR/><BR/>Aguculture<BR/>Copper<BR/>Lead<BR/><BR/>Gold is getting ready to pop<BR/><BR/>Copper is already needed more and moreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83924167809647988362008-01-19T11:55:00.000+00:002008-01-19T11:55:00.000+00:00green tech/alternative energygreen tech/alternative energyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40078462496969952282008-01-19T09:33:00.000+00:002008-01-19T09:33:00.000+00:00An executive of a collapsed subprime mortgage lend...<I>An executive of a collapsed subprime mortgage lender jumped to his death from a bridge Friday, shortly after his wife's body was found inside their New Jersey home, authorities said.</I><BR/><BR/>Good. Another 20,000 to go. Imagine how the air will become much cleaner without all these weasels around.<BR/><BR/>I'm glad that the crook Tobias was found dead on the pool, too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72576675271078133772008-01-19T09:20:00.000+00:002008-01-19T09:20:00.000+00:00Next bubbles will be emerging markets stocks and h...Next bubbles will be emerging markets stocks and housing bubble in emerging markets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65689788319641158762008-01-19T09:18:00.000+00:002008-01-19T09:18:00.000+00:00Gold won't be a bubble as long as there's rampant ...Gold won't be a bubble as long as there's rampant inflation and an unsafe world. Check, check.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38479849611177422572008-01-19T08:03:00.000+00:002008-01-19T08:03:00.000+00:00POP!Mortgage Company Exec Jumps to DeathFriday, Ja...POP!<BR/><BR/>Mortgage Company Exec Jumps to Death<BR/>Friday, January 18, 2008<BR/>http://tinyurl.com/2shk5bAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59844274446700975082008-01-19T07:50:00.000+00:002008-01-19T07:50:00.000+00:00Eric Janzten (sp?) at iTulip argues that "alternat...Eric Janzten (sp?) at iTulip argues that "alternative energy" will be the next bubble, and his argument has a lot going for it. Apparently it was in Harper's mag.Anonymousnoreply@blogger.com