tag:blogger.com,1999:blog-18675105.post9041118589036652693..comments2023-12-30T10:06:37.450+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.comBlogger58125tag:blogger.com,1999:blog-18675105.post-15899735009085443542008-04-20T18:02:00.000+01:002008-04-20T18:02:00.000+01:00I can't believe I almost forgot this one:hhttp://t...I can't believe I almost forgot this one:<BR/>hhttp://tinyurl.com/57fld3<BR/><BR/>The national NAR ad campaign 'Now is a great time to buy or sell a home'. They show their true colours with that little bit of prevarication.<BR/><BR/>The campaign commenced in early November of 2006 and stated, unequivocally:<BR/><BR/>- Prices have stabilized and are starting to rise<BR/>- The future of the housing market and the economy is positive<BR/><BR/>Do you see, Realtors?? Do you see why we hate you now?Paul E. Mathhttps://www.blogger.com/profile/03719759088047080921noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44084534603707023022008-04-20T05:05:00.000+01:002008-04-20T05:05:00.000+01:00What is the pointof all this recrimination? :)<A HREF="http://youtube.com/watch?v=Ubsd-tWYmZw" REL="nofollow">What is the point</A><BR/><BR/>of all this recrimination? :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28971736068481149212008-04-20T03:47:00.000+01:002008-04-20T03:47:00.000+01:00If I were to pick one thing, it would've been the ...If I were to pick one thing, it would've been the article where the lady demanded that the buyers feed the squirrels.<BR/><BR/>In general, though, I've always liked the stuff that focused on the mass delusions about home ownership. The idea that a building could actually generate wealth is profoundly stupid. On its own a building is capable of little more than rotting. All true wealth springs from human activity.Anonymoushttps://www.blogger.com/profile/07355117456789119940noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20822773953552037392008-04-20T02:27:00.000+01:002008-04-20T02:27:00.000+01:00Since I saw Caveman Adkins and Douchebag DeGroot c...Since I saw Caveman Adkins and Douchebag DeGroot compete to see who could shout the loudest and make a larger constricted anus of themselves on national TV.<BR/><BR/>Those two should be locked together like Siamese Twins and forced to mate, over and over again until they hatch something presumably human with strong chimp-like overtones (NOT to be confused with Bushco, that is Waaay to cruel) ...<BR/><BR/>We DO need more freaks for the carnival, but better yet, forget the procreation, we could just call it the Connie and Tom show and run an endless loop of their REIC cheerleading episodes...<BR/><BR/>Call it uglier and ugliest...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17303059357835910292008-04-19T13:56:00.000+01:002008-04-19T13:56:00.000+01:00Buzzsaw--That strawberry picker was the one that s...Buzzsaw--That strawberry picker was the one that sent me looking for answers. April '07--not bad for the MSM, esp. a rag like the SF Chronicle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64168313235180333542008-04-19T12:04:00.000+01:002008-04-19T12:04:00.000+01:00I think I knew we had a problem for years, but on ...I think I knew we had a problem for years, but on the way up it was hard to quantify what it would look like on the way down. In September 2005, I remember a Washington Post article where people were starting to complain that their houses were taking 3 weeks to sell instead of a couple days. I thought "This is where we start heading down if the Washington Post thinks something like this is actually newsworthy -- people whining that it takes a whopping 3 weeks to sell their houses." But all of the easy underwriting held up the housing market longer than I thought it would.Chrishttps://www.blogger.com/profile/10586722597797330208noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81536386539784883942008-04-19T11:08:00.000+01:002008-04-19T11:08:00.000+01:00When Katrina hit and you had such a visual of home...When Katrina hit and you had such a visual of homes under-water ,I thought about how the Nations homes would soon be underwater financially ,just like Katrina .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40801284550019731882008-04-19T10:04:00.000+01:002008-04-19T10:04:00.000+01:00"Sure you did. Oh and one more thing, if you've be..."Sure you did. Oh and one more thing, if you've been buying since Feb you're screwed:"<BR/><BR/>We're so blessed to be in the presence of people that can time markets perfectly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84727361681415473492008-04-19T06:22:00.000+01:002008-04-19T06:22:00.000+01:00What's the ONE memorable highlight so far of the G...What's the ONE memorable highlight so far of the Great Housing Bubble and Crash?<BR/>It was when we realized we had to sell our house, even though we didn't want to. And we did sell it. Now we wait, and wish we had bought gold at $600 and oil at $45.<BR/>Right now I'm looking at Everbank, but I need to see what the tax will be on a savings deposit in a US bank, based in Euros (or whatever).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56078561852893836032008-04-19T04:31:00.000+01:002008-04-19T04:31:00.000+01:00Yep, you've definitely "won" Keith! :D This bill w...<I>Yep, you've definitely "won" Keith! :D This bill will pass, the only question is the scope - which will include anyone upside down so as not to encourage a wave of defaults to qualify. The House - both sides, the President, and almost the Senate, are on board.</I><BR/><BR/>You sure look desperate, praying for this bill. You must be leveraged up the wazoo, eh? I think you're going to lose your job pretty soon because you sound too stupid for companies to keep you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76625705546431095922008-04-19T04:27:00.000+01:002008-04-19T04:27:00.000+01:00And no wise asses I didn't lose anything. I sold o...<I>And no wise asses I didn't lose anything. I sold off last summer. But unlike you I have been buying back into stocks ever since mid-February.</I><BR/><BR/>Sure you did. Oh and one more thing, if you've been buying since Feb you're screwed:<BR/><BR/>Dow YTD: -3.13<BR/>Nasdaq YTD: -9.40<BR/>S&P YTD: -5.31<BR/><BR/>Add to that rampant inflation.<BR/><BR/>That phony rally you just saw was the sheeple doing last minute IRA contributions before tax day. Enjoy the HUGE nosedive coming up in the next few days. Watch the mediocre earnings everywhere as American consumers can't even put food in the table or get a job, and there's no credit or ponzi schemes for financials to make a buck. It's just the beginning.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14343082941415143112008-04-19T04:14:00.000+01:002008-04-19T04:14:00.000+01:00When Casey took a vacation in Hawaii, right after ...When Casey took a vacation in Hawaii, right after stiffing the American taxpayer with $2.4 mil. Sweeeeeet!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87562766536465430602008-04-19T03:40:00.000+01:002008-04-19T03:40:00.000+01:00The recent story that the Mortgage Brokers Associa...The recent story that the Mortgage Brokers Association in D.C. is <I>facing foreclosure</I> has gotta rank up there. <BR/><BR/>Another mystery - how could Keith possibly fail to make that a front page item, passing it over to flog his favorite, repeated stories? It was mentioned in the open thread twice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40039376780362506502008-04-19T01:02:00.000+01:002008-04-19T01:02:00.000+01:00Was it when my brokerage had 10 loans in the pipel...Was it when my brokerage had 10 loans in the pipeline and all of a sudden banks were calling and cancelling loans - doesnt matter if the borrowers had signed docs or were packing the U-Haul <BR/><BR/>Or was it when banks started getting rid of wholesale<BR/><BR/>Or was it when we got the call- should I answer the phone when my lender calls or just ignore them. Their home was adjusting and it was time to walk away. <BR/><BR/>Or was it that the stress of it all that made you hate your job that you once loved..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3113530923110741332008-04-18T23:30:00.000+01:002008-04-18T23:30:00.000+01:00It was not one moment but sometime in November 200...It was not one moment but sometime in November 2005 when I saw the historic housing charts and thought: It cannot go up infinitely, and when it comes down from this high, it will come down hard. Anecdotes like Casey Serin merely offered entertainment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90619701786042619562008-04-18T23:18:00.000+01:002008-04-18T23:18:00.000+01:00When that Adkins (the guy married to the newsgirl ...When that Adkins (the guy married to the newsgirl (news reader) said that housing is taking a hit do to high gas prices.<BR/><BR/>Priceless!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91012330750382770412008-04-18T22:30:00.000+01:002008-04-18T22:30:00.000+01:00The goobermint is giving everyone $100K for owing ...The goobermint is giving everyone $100K for owing money on a house? That comes out to roughly 7,000,000,000,000 or $7 TRILLION according to happyhomedebtor. Where is this magical money going to come form? Talk about being delusional. homedebtor is more delusional than that fat cow in the video who thought her house was worth $1.3 million.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60023363997260012642008-04-18T21:34:00.000+01:002008-04-18T21:34:00.000+01:00Your "Boomtown Mirage" blog was a great way to sum...Your "Boomtown Mirage" blog was a great way to summarize this mess...<BR/>http://www.nytimes.com/2008/04/06/realestate/keymagazine/406ariz-t.html?_r=1&hp&oref=slogin<BR/>TimeyeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31571797421089564012008-04-18T21:22:00.000+01:002008-04-18T21:22:00.000+01:00It was when homeowner Linda Gao made a condition o...It was when homeowner Linda Gao made a condition of selecting the lucky buyer of her house that they would promise to feed the squirrels. The article:<BR/><BR/>http://tinyurl.com/5txxkaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19763699876858261432008-04-18T20:04:00.000+01:002008-04-18T20:04:00.000+01:00The next sucker president who gets the bill!The next sucker president who gets the bill!Devestmenthttps://www.blogger.com/profile/13704339847524381868noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-854020069157722582008-04-18T19:44:00.000+01:002008-04-18T19:44:00.000+01:00For me it was the jumbo loan market melting down i...For me it was the jumbo loan market melting down in August last year. I sold my home in So Cal closed the first week of August, and breathed a big sigh of relief that my buyers didn't get hit with the credit crunch. Then I watched the market fall apart in California. This was the moment when it was obvious for me that this was not just about subprime, and that the housing market was headed for a big crash. Also, incidentally, this was when I discovered HP...G Spot1https://www.blogger.com/profile/09884356085701505055noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32235644458843819622008-04-18T19:29:00.000+01:002008-04-18T19:29:00.000+01:00Even after the bailout, housing prices will contin...Even after the bailout, housing prices will continue to fall to their pre-bubble levels.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43980277127370168132008-04-18T19:28:00.000+01:002008-04-18T19:28:00.000+01:00Happy Homedebtor said... For me, it'll be the $100...Happy Homedebtor said... <BR/>For me, it'll be the $100K in free money (+ or -) that the federal government will give me for my house so that I can giggle at paying $500K for a house with $0 down and suddenly owing less than $400K when it's worth about 450ish. ;) (We bought on the way down - got a fleshwound, didn't lose any digits). What's even better is it won't come out of anyone's taxes, and if you go to try and buy the same house, it'll still cost you $450K and you'll have to conjure $90K just to get in the door.<BR/><BR/>So you'll owe $360K on a $450K house, I'll owe $385K...but I didn't put a dime down, so I'm up $75K. <BR/><BR/>Yep, you've definitely "won" Keith! :D This bill will pass, the only question is the scope - which will include anyone upside down so as not to encourage a wave of defaults to qualify. The House - both sides, the President, and almost the Senate, are on board.<BR/><BR/>Hope you made an extra $75K+ hording that gold. ;)<BR/><BR/>April 18, 2008 5:39 PM<BR/><BR/><BR/><BR/>...and your so full of shit I can smell you through my monitor. The impending crisis with the global dollar devaluation and the increase in food and energy - as well as continuing food coupe's against many governments means that Amerika CANNOT continue to print its way out of problems as this will further exacerbate the problems at hand. <BR/><BR/>Wait until after the summer olympics when the Chinese dump the T-bills and a tsunami of dollars come flooding back into Amerika. You, and everyone else is FUCKED - there is no way out...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20069080126992221542008-04-18T18:53:00.000+01:002008-04-18T18:53:00.000+01:00The story about organized crime gangs in Californi...The story about organized crime gangs in California buying houses using no-down, no-doc, negative amortization option ARMs and then gutting the interior and turning them into marijuana grow houses. They pay the minimum until the loan resets or the cops find the grow-op, then they just stop making payments, leaving the bank with an upside down mortgage on a gutted house. Priceless!<BR/><BR/>http://www.creditbubblestocks.com/2007/05/marijuana-grow-ops-gutted-houses-are.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9576154366512137842008-04-18T18:50:00.000+01:002008-04-18T18:50:00.000+01:00Keyser to Realtor: I'm looking in the $500,000 ran...Keyser to Realtor: I'm looking in the $500,000 range.<BR/><BR/>Realtor to Keyser: So, you want a trailer.<BR/><BR/>Sedona, May 2005Anonymousnoreply@blogger.com