From Washington DC - the Bubble Bench. Desperate condo owner lock boxes sprouting like mushrooms.
Actually, looks like my old digs in Tempe - by the entrance gate. San Diego probably has a few of these too. And Miami. Send any pics to housingpanic@yahoo.com and I'll be sure to post.
Game. Set. Match. This is going to get so ugly, and so fast, that even I didn't anticipate what reality will look like. Now we know.
Hat tip to HPer Anonyruss and Bubblemeter
33 comments:
That was originally on the Bubble Meter Site
thanks - got it sourced
i thought that was a bicycle rack.
i like that little silver scion in the street. great cars.
It's not funny...my "conservative" bro-in-law just got his 20yo daughter into a condo in MD just outside of DC. He is the macho guy who gets all his info from conservative talk radio and doesn't take no shiite from "liberals". And he has been really pushy with his kids about buying a house- "a sure bet".
She's not yet out of college and her boyfriend's job is delivering newspapers. And they now own a $200,000 small condo bought right at the top of the housing boom. She will start life out with a debt of $50,000+ and unable to get out of the condo.
The greatest tragedy is that this bench could have provided refuge to at least one bubble victim;)
This has to be the best bubble picture I've seen so far. We've seen many lockboxes before, but this has to beat it.
Per complex:
I wish I knew how many condo units exist total and the count of the lockboxes. And are there any for sale that don't have a lockbox (FSBO)?
Was that photo for real or some sort of joke? Are there such things as rakc for lockboxes? Is that common? Wow, that is an awesome picture if its real.
Simmssays…
AmericanInventorSpot.com
This picture is for real.
Sold 182 properties in the last 6 years!! YAHOO! Avg. profit 1075% per deal and avg. hold 21 months! Buy low, sell high! Let the newbies keep the over priced properties and I will enjoy paying long term capital gains!!
I am looking for partners in the Hurricane Damaged states! My expected returns will be about the same 1000% and holding about 24-60 months. 1million minimum and 50-50 split of profits! Call me at 1-888-532-7999 and listen to message!
What's not funny about the NeoCon supporter gettin' burned? Those are some of the funniest!
I love all you liberals who are wishing for a crash because you believe it will help your (even more) socialist party. You people are pure evil.
I love all you liberals who are wishing for a crash because you believe it will help your (even more) socialist party. You people are pure evil.
And you are pure stupid. There is nothing "conservative" about taking on insane levels of debt and acquiring overpriced real estate through (reckless and irresponsible) creative financing. I'm a true conservative, unlike George Bush and his neo-con cabal, and I can't wait for the bubble to burst and fiscal sanity to reimpose itself.
So the guy in office now is not the brightest bulb on the Christmas tree - we all know that. But I think the guy before him knows how bad things really are. He at least had a brain. His problem is he wants to become Elanor Roosevelt. Good Old Bill figures Harding is in now and we all pretend how great things are. Then Good Old Bill gets to go back to the White House with his wife the new FDR.
I love how all you liberal morons blame the housing bubble on Bush, but you think Clinton was a genius for the dotcom bubble.
herds and flocks move across plains, into antholes, through blizzards and across oceans because of security in numbers; species survive, individuals die.
I love how all you liberal morons blame the housing bubble on Bush, but you think Clinton was a genius for the dotcom bubble.
Wrong, Corky. First, bubbles aren't created by Presidents. They're created by popular delusions and lemming-like stupidity. Greenspan and the Fed are the unindicted co-conspirators along with the sleazy hucksters and touts who inflated both the real estate and dot.com bubbles. But the ultimate blame lies with the fools who threw caution to the wind and got in over their heads.
Are you a screwdriver or wrench, tool?
Has the Housing Bubble popped? Boca Raton says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem. read more ....
Has the Housing Bubble popped? Boca Raton says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem. read more ....
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If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.
Blogging is a hit or miss trip ... usually a miss ... but I did enjoy reading your blog, which I put in the 'hit' category. Thanks for look. Stop by my site if you can.
If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.
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