tag:blogger.com,1999:blog-18675105.post9051149429747522114..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: BUBBLETALK - New thread to talk about the housing crash, mortgage meltdown and Housing Gambler bailoutbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger401125tag:blogger.com,1999:blog-18675105.post-13113638719903131782008-01-03T19:53:00.000+00:002008-01-03T19:53:00.000+00:00Hadn't clicked on Casey Serin's blog for a few mon...Hadn't clicked on Casey Serin's blog for a few months - and now I find a pleasant surprise:<BR/><BR/>http://iamfacingforeclosure.com/<BR/><BR/>Something good came out of it in the end!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38269331633466695872008-01-03T18:20:00.000+00:002008-01-03T18:20:00.000+00:00So now we need to be self-employed. Last week we n...<B>So now we need to be self-employed. Last week we need graduate degrees, the week before that B.S. degrees, the week before that high school diplomas. </B><BR/><BR/>Hey you ass-wipe IT code monkey working as an employee in the basement cubicle nerd-farm. Your comment makes it obvious that you're a 1BR shit-hole renter, a moronic retard that has an IQ below 70. Calling yourself a systems engineer? How about half-circle engineer? Know how to swing a broom in a half circle? Na, you're just a f*cking imbecile that should have been put out of his misery a long time ago. I hope you commit an act that nets you a Darwin award asap. Now get back to your for next loop you dimwitted shit for brains.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14798649129027977522008-01-03T17:38:00.000+00:002008-01-03T17:38:00.000+00:00For the IT consultants, what typeof work are you d...For the IT consultants, what type<BR/>of work are you doing and what type from home? Programming, project management, software testing, other?<BR/><BR/>Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49585687988350310332008-01-03T16:37:00.000+00:002008-01-03T16:37:00.000+00:00esus you idiot, do some homework before you post s...esus you idiot, do some homework before you post something so retarded! watch aninconvenienttruth and get a clue to what global warming is, global warming doesn't mean the planet is going to heat up, catch fire and explode into space.<BR/><BR/>============<BR/><BR/>An incovenien truth eh? Oh you mean that movie by Al Gore where he exaggeratedl by a factor of 10 what will be happening? Same movie that was discredited by the very same "scientists" he profiled?<BR/><BR/>Baaahhhhh<BR/>Bahhhhhhh<BR/>Bahhhhhhh<BR/><BR/>Al Gore says jump and this sheep says how high.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23770714275096482512008-01-03T16:35:00.000+00:002008-01-03T16:35:00.000+00:00Most people do not have the connections to get int...Most people do not have the connections to get into consulting, you dummy!<BR/><BR/>January 03, 2008 7:18 AM<BR/><BR/>---<BR/><BR/>Bullshit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10619899709134606122008-01-03T15:02:00.000+00:002008-01-03T15:02:00.000+00:00I am headed for central PA: stable economy, close ...I am headed for central PA: stable economy, close to family, cheap fertile land, ample hunting, ethnically undiverse, safe, not another boom town with the traffic/ problems which always are to follow, should survive the coming apocolypse...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4753131176961078802008-01-03T11:48:00.000+00:002008-01-03T11:48:00.000+00:00Check your tickets everyone:Their builder is Levit...Check your tickets everyone:<BR/><BR/><A HREF="http://www.iht.com/articles/2008/01/02/business/abandon.php" REL="nofollow">Their builder is Levitt & Sons, which ran out of cash in October and declared bankruptcy in November. All work on this planned 460-home development for retirees, grandly named Seasons at Prince Creek West, has ceased. The Levitt employees were laid off, the subcontractors put down their tools, and the Costanzos found themselves in limbo.<BR/><BR/>The first big home builder to fail in the current slump, Levitt's collapse illustrates how the turmoil in real estate is spreading far beyond subprime borrowers who cannot pay their mortgages. Levitt had a fabled brand, decades of experience and enthusiastic customers with good credit, but that was not enough to save it...</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-92229282029315044102008-01-03T07:18:00.000+00:002008-01-03T07:18:00.000+00:00"you should have done what all "smart" IT people h..."you should have done what all "smart" IT people have done. You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are. That's the price you pay for fear..."<BR/><BR/>Most people do not have the connections to get into consulting, you dummy!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37103156684962887982008-01-03T07:16:00.000+00:002008-01-03T07:16:00.000+00:00"Jesus you idiot, do some homework before you post..."Jesus you idiot, do some homework before you post something so retarded! watch aninconvenienttruth and get a clue to what global warming is, global warming doesn't mean the planet is going to heat up, catch fire and explode into space."<BR/><BR/>Hey moron! <BR/><BR/>Al Gore is not a scientist. He is an idiot who probably could not even name the planets of our solar system. Who gives a shit about what he has to say?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76081670568452663482008-01-03T06:39:00.000+00:002008-01-03T06:39:00.000+00:00RON PAUL must not be excluded from the debate. The...<B>RON PAUL must not be excluded from the debate.</B> <BR/><BR/><BR/>The FCC and the loopholes Congress has given media companies are largely to blame for this Fox News debacle. The original intent of equal time rules was to specifically prohibit media companies from selecting which candidates should be able to access the airwaves. Unfortunately, so many exceptions to equal time rules were given - i.e. interviews and debates became "on the spot news", that media companies are now allowed to do precisely what Congress originally intended to prevent when they wrote the Communications Act that first gave the FCC its authority.<BR/><BR/>This farce of a forum takes things to a new level though. It is a manufactured event specifically intended to limit voters' awareness to only the corporate-backed shills who currently lay claim to Fox News' own appellation of front-runner status (never mind that some polls have Dr Paul running third in New Hampshire). There's certainly enough precedent to suggest that they can get away with trying to call this "on the spot news", <B>but if one were to mention that the FCC takes abuse complaints from the public at fccinfo@fcc.gov, or that they accept official complaints by phone at 1-888-CALL-FCC, there's a good chance that Fox News would suddenly see a few thousand complaints added to their public file.</B> And if that were to happen, it would certainly make the job of some freedom-loving independent attorney's lawsuit against them all the easier to win, should one rise to the occasion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7290514768681666432008-01-03T05:56:00.000+00:002008-01-03T05:56:00.000+00:00Schiff vs De GrootRound 2<B>Schiff vs De Groot</B><BR/><BR/><A HREF="http://housingdoom.com/2007/10/31/peter-schiff-vs-rabid-realtor" REL="nofollow"/><BR/><A HREF="http://www.youtube.com/watch?v=h4dOh8--rN8" REL="nofollow">Round 2</A>Tyronehttps://www.blogger.com/profile/04226876002855072090noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33800832005129774962008-01-03T04:05:00.000+00:002008-01-03T04:05:00.000+00:00As I type, here in Atlanta, GA the temperature is ...As I type, here in Atlanta, GA the temperature is 22 degrees. Last night it was 15, tonight could go down to 10 according to the local forecast.<BR/><BR/>There is snow forecast for Orlando, Florida tonight.<BR/><BR/>About that global warming.....<BR/><BR/>January 03, 2008 12:21 AM<BR/>----------------------------------------<BR/><BR/><BR/><BR/>Jesus you idiot, do some homework before you post something so retarded! watch aninconvenienttruth and get a clue to what global warming is, global warming doesn't mean the planet is going to heat up, catch fire and explode into space.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40612949660279350622008-01-03T02:00:00.000+00:002008-01-03T02:00:00.000+00:00off_the_grid:Dude get a grip. I am a consultant as...off_the_grid:<BR/><BR/>Dude get a grip. I am a consultant as well. I work from home most of the time. In 9 years of doing this, I have had 1 and only 1 client stiff me.<BR/><BR/>PS: I live on 18 acres about 35 miles from the city. You can have it all if you try.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43396688147014009032008-01-03T01:41:00.000+00:002008-01-03T01:41:00.000+00:00Hey the mozillo linky no worky.Hey the mozillo linky no worky.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75296805281089042102008-01-03T01:28:00.000+00:002008-01-03T01:28:00.000+00:00Hey off_the_grid_forever, I am in similar position...Hey off_the_grid_forever, I am in similar position, thinking of similar things...<BR/><BR/>Where are you buying your ranch (I presume)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66259588586436302982008-01-03T01:18:00.000+00:002008-01-03T01:18:00.000+00:00Actually, bubbles are for bathtubs and they are no...Actually, bubbles are for bathtubs and they are not for markets, housing, credit or tulips.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66401837551586298602008-01-03T01:13:00.000+00:002008-01-03T01:13:00.000+00:00Beignet--SAD story, but I have often wondered how ...Beignet--<BR/>SAD story, but I have often wondered how many pets will be left behind in this current housing/financial crisis...makes me crazy to think about.<BR/><BR/>For what it's worth--from a fellow dog owner/lover, THANK YOU for caring, thank you for taking this poor guy in and giving him a home-I am sure he is so grateful.<BR/><BR/>For anyone cruel and heartless enough to contemplate just leaving an animal on the street, please take the time to just drop them off at a local animal shelter or breed rescue group. At least they will have a chance at finding a home.<BR/><BR/>Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8825683540359779312008-01-03T00:25:00.000+00:002008-01-03T00:25:00.000+00:00you should have done what all "smart" IT people ha...you should have done what all "smart" IT people have done. You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are. That's the price you pay for fear...<BR/><BR/>January 02, 2008 8:57 PM<BR/><BR/><BR/>-------------------------<BR/><BR/>DING DING DING DING!!<BR/><BR/>Before I was a "consultant" I made $105K a year as an IT flunky. Then I wised up and became a "consultant" Now I do the exact same thing I did before. I work only 80% as much and make $150K a year. And I don't have to deal with any corporate politics bullshit which by itself is worth $50K a year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36223740459957664172008-01-03T00:21:00.000+00:002008-01-03T00:21:00.000+00:00As I type, here in Atlanta, GA the temperature is ...As I type, here in Atlanta, GA the temperature is 22 degrees. Last night it was 15, tonight could go down to 10 according to the local forecast.<BR/><BR/>There is snow forecast for Orlando, Florida tonight.<BR/><BR/>About that global warming.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86940643289393440222008-01-02T22:06:00.000+00:002008-01-02T22:06:00.000+00:00I encourage Housing Panic readers to blog other re...I encourage Housing Panic readers to blog other relevant sites to spread the faith. I enjoy blogging here and sharing thoughts on the issue among the mostly like minded, but it's a bit like "preaching to the choir". So, fellow bloggers, lets hit some other sites as well.<BR/>For example, here's my blog below that I just sent to USA Today:<BR/><BR/>Why on earth would anyone believe anything NAR shill Lawrence Yun has to say. His predecessor, David Lereah, was the NAR "cheerleader" who helped entice suckers into buying overpriced houses, often by using suicide "creative" financing, as the housing bubble inflated. Lereah was to the housing bubble what Goldman Sachs shill Abby Joseph Cohen was to the Internet / stock bubble. <BR/>Now Yun is trying to put a happy face on the unfolding disaster. The housing price collapse is just getting started. If the Fed continues to cut interest rates it will only further weaken the dying dollar and bring on more hyper inflation. <BR/>Nothing will save the idiots who bought overpriced houses. They need to pay the price for their folly. <BR/>Only drastically lower prices will again bring the housing market back to health. Houses are fairly priced when selling for about 100 to 115 times what they would rent for per month. In most parts of the country prices have a long way to fall.Merciless Minghttps://www.blogger.com/profile/13328765587887516553noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37739885761612260052008-01-02T21:50:00.000+00:002008-01-02T21:50:00.000+00:00You should have become a consultant that gets paid...<B>You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are.</B><BR/> <BR/>Ok, you're right. I hate I.T. work so I should start my own I.T. consulting firm. <BR/><BR/>I will be living in the woods while you're stuck in traffic trying to get to your next client (who hasn't paid you in 6 weeks). <BR/><BR/>Since I've heard this dribble before, let me deconstruct your answer:<BR/><BR/>1) 95% of my I.T. friends are employees. Even the ones that do consulting on the side. <BR/><BR/>2) I would never work for any consulting firm or technology firm again let alone BE the consulting firm or technology firm. Been there, done that. It sucks. My blood pressure dropped precipitously the day I walked away from that crap for good. Good luck in the next recession.<BR/><BR/>3) I don't really work anymore. I just get paid for doing nothing, since that is about what my salary is worth today.<BR/><BR/>4) Here's the real kicker.....<BR/><BR/>What if everyone becomes consultants? What if (during the same period) our government continues the flow of H1-Bs and those folks go into consulting also. What if, at the same time, an entire generation of youth (brought up with technology, and with little else in the way of oppurtunity) and H1-Bs reduce your hourly rate just like the employees over the past several years. Don't you see your logic is what got us here in the first place? You can't win, the future will overtake you and your life will be one of neverending reinvention and refinement of your career. Just ask Paul Krugman.<BR/><BR/><BR/>So now we need to be self-employed. Last week we need graduate degrees, the week before that B.S. degrees, the week before that high school diplomas. Last year, it was enough to keep on top of the latest technologies, now we need certifications and security clearances. Last year we needed to drive 30 minutes to work, now you need to go an hour if you want to live somewhere decent. Last decade an index fund and frugality were the path to wealth, now you need to be constantly vigilant about where the next asset bubble might grow and continually reallocate your portfolio accordingly. You used to need one engineer to support 6 kids, then 4, then 2, and now....you guessed it - most of us stopped reproducing.<BR/><BR/>The bar keeps getting raised and when you are done jumping through hoops you will be left with your old age (if you are lucky enough to live that long), worthless dollars, and an existence that has long become soulless.<BR/><BR/>No thanks. The answer is revolution and rejection of the game altogether (please read J Krishnamurti), not jumping on to the next promised land (always just out of reach) because you are AFRAID to leave the game behind (and because that's what the elites tell you should be doing to keep up.) <BR/><BR/>I (for one) don't want to spend my entire lifetime trying to arrive when the day I drop out, I am already there. Good luck and thanks for listening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44009060239483745942008-01-02T21:17:00.000+00:002008-01-02T21:17:00.000+00:00"Relaxing in my crib over the New Year holiday I f..."Relaxing in my crib over the New Year holiday I found an article in the local paper that stated that most of you rentards now have to cough up 30% or more of your income for renting that crap-hole apartments."<BR/><BR/>Really? I'm renting a gorgeous house for peanuts from a desperate homedebtor. <BR/><BR/>"Just a tip for all of you moronic dipshits. When you apply for a job you better lie when they ask you if you own or rent. I would never hire a sorry ass renter when I can have a committed home owner."<BR/><BR/>Haha home owner that's hilarious. I'd rather hire a financially secure renter than a home debtor that will rob the company blind because 90% of their income is going to a home they're underwater in and they need to eat.<BR/><BR/>Oh shit I think I just saw another price reduction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46167029320038652482008-01-02T20:57:00.000+00:002008-01-02T20:57:00.000+00:00Since I entered the workforce (IT), I have seen th...<I>Since I entered the workforce (IT), I have seen the .com implosion, the insourcing of IT talent during the .com layoffs (enough to make me come to arms)</I><BR/><BR/>you should have done what all "smart" IT people have done. You should have become a consultant that gets paid by the hour. Maybe you're afraid, many people are. That's the price you pay for fear...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44877173364365469472008-01-02T20:27:00.000+00:002008-01-02T20:27:00.000+00:002008 - The year I get off the grid.The ultimate in...2008 - The year I get off the grid.<BR/><BR/>The ultimate inflation hedge.<BR/><BR/>You see I am tired of the human race and their endless bullsh*t; Since I entered the workforce (IT), I have seen the .com implosion, the insourcing of IT talent during the .com layoffs (enough to make me come to arms), the housing bubble/bust while my salary is flat, the superrich exploitation growing to obscene proportions (and not sure what qualifies them for million dollars bonuses when their finanical and technology projects never amounted to anything but smoke and mirrors), the incompetence of the current administration, on and on....oh and the roller coaster/endless battle to keep my savings intact during the fiat currency crises that we see now....<BR/><BR/>I am done. Don't care anymore. I am buying my house for 125K cash, 13 acres with 2500sq foot new contruction home. Adjoining state game lands.<BR/><BR/>My wife will work, makes little money but likes to work (not sure why)...All I need from her is health insurance and 1000 pounds of rice per year. None of this sh*t was worth it, I'd rather be living with the aborigionees. At least their spirit is still intact.<BR/><BR/>And, of course, like most smart young Americans - I will not be having kids.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12715787490346744942008-01-02T20:16:00.000+00:002008-01-02T20:16:00.000+00:00Nice little voting gadget you got there. Looking a...Nice little voting gadget you got there. Looking at the result is proof that most of you are totally dimwitted imbeciles. Dr. Ron “Asswipe” Paul will never win the Republican nomination just like Blowfly will never rent a rat infested 1 BR shit-hole. Relaxing in my crib over the New Year holiday I found an article in the local paper that stated that most of you rentards now have to cough up 30% or more of your income for renting that crap-hole apartments. Just a tip for all of you moronic dipshits. When you apply for a job you better lie when they ask you if you own or rent. I would never hire a sorry ass renter when I can have a committed home owner. I heard that several famous people also rented apartments. Here is a short list: Timothy McVay, Ted Bundy and Jeffrey Dammer. All too deranged to own a home. Nice company guys, that’s all that I have to say about that.Anonymousnoreply@blogger.com