tag:blogger.com,1999:blog-18675105.post5181111156343486561..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: BUBBLETALK - Open thread to talk about the housing crash, mortgage meltdown and other stuffbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger284125tag:blogger.com,1999:blog-18675105.post-60504092533350211652008-09-15T20:03:00.000+01:002008-09-15T20:03:00.000+01:00Hi - The RFK youtube video referenced in the comme...Hi - The RFK youtube video referenced in the comment posted on June 10, 2008 9:32 PM has changed. The new youtube link is http://www.youtube.com/watch?v=77IdKFqXbUY.<BR/>Check it out.Melessahttps://www.blogger.com/profile/06095343078692029920noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74945861948264482992008-06-27T04:58:00.000+01:002008-06-27T04:58:00.000+01:00Local home for sale includes wife.SLUT ALERT! And...Local home for sale includes wife.<BR/><BR/>SLUT ALERT! And she's realtor!!!!!!<BR/><BR/>http://tinyurl.com/6n6h7yAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15688165301524737582008-06-27T04:00:00.000+01:002008-06-27T04:00:00.000+01:00"My intuition tells me something big is about to g..."My intuition tells me something big is about to go down in the markets."<BR/><BR/>For once I have to agree. I'd give a greater then average chance of a crash in the next week.Alan Statichttps://www.blogger.com/profile/09196717411481032075noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77256952397823094872008-06-27T03:55:00.000+01:002008-06-27T03:55:00.000+01:00"While the housing market is not what it was two y..."While the housing market is not what it was two years ago, it is still an ideal time to buy for many people."<BR/><BR/>The myth spreaders are still at it in Charleston. Didn't BofA just announce thousands of layoffs? Aren't they buying Countrycrack? Isn't the core "industry" of Charleston banking which was booming because of real estate.<BR/><BR/>Dude get out of real estate right now. If you have a home sell it.Alan Statichttps://www.blogger.com/profile/09196717411481032075noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38168991381231200232008-06-27T03:48:00.000+01:002008-06-27T03:48:00.000+01:00"The National Association of Realtors reported Thu..."The National Association of Realtors reported Thursday that sales of existing single-family homes and condominiums edged up by 2 percent to a seasonally adjusted annual rate of 4.99 million units in May."<BR/><BR/>Looks like that housing crash and stock market mayhem is never going to happen HP fools.<BR/><BR/>DOLTS<BR/>TOOLS<BR/>FOOLS<BR/>DOPES<BR/>DARTS<BR/>FARTSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55234604045794634822008-06-27T02:27:00.000+01:002008-06-27T02:27:00.000+01:00Charleston SC Real Estate News The Charleston SC r...Charleston SC Real Estate News<BR/> <BR/>The Charleston SC real estate market is holding steadier than many markets nationwide. Because of current economic factors and media misrepresentation of the real estate market, some buyers are still hesitant to buy. The media plays an enormous role in the public's perception of the economy. While the housing market is not what it was two years ago, it is still an ideal time to buy for many people. It is important to ask yourself several key questions when you are making the decision of whether or not to buy a house in Charleston. One of the first questions you should ask yourself is how long do I plan on keeping this house? This is not a marketplace where one can expect to buy a house and have it significantly appreciate in value over the next six months. While the real estate market is correcting itself and readjusting to the new economic factors, it could take longer for prices to recover significantly. I predict that when the media announces that real estate prices have hit rock bottom, this will give investors and personal homeowners the green light to start buying which will driving prices even higher. One of the reasons that the market is in its current state is that there were not enough people buying houses to live in. People were buying houses as a tool to get rich quick from the appreciating marketplace. This is the ideal marketplace to buy a house that you plan on living in. As long as you are going to stay in a house for a number of years, it will be a huge financial advantage to own a house rather than rent one. When you rent a house you are essentially throwing away hard earned money that could go towards paying a mortgage. There are two ways that you make money by owning a house. You are paying down the mortgage instead of wasting money on rent, and over time your house will become more valuable and you will make money that way.<BR/>Investors usually try to focus their efforts on one of these two strategies, but generally hope that they can get both. Cash flowing a house refers to buying a house and renting it out where the rents cover the expenses that come with owning a house (mortage payment, insurance, and taxes). This is usually easier with houses that cost less money. Low income housing often cash flows, but you generally have more tenant problems due to socioeconomic factors like poverty. In this method you are paying off the mortgage of the house and making money in that way. The second strategy for making money by investment is through appreciation. If you buy a nice house in a nice location, it should appreciate over time. This method can cost more initially, but pay out more over time. www.askforjames.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75383547294654747762008-06-26T23:48:00.000+01:002008-06-26T23:48:00.000+01:00Pretty good article on greenfaucet today by Janet ...Pretty good article on greenfaucet today by Janet Siderman about how to sell your house in a crap market like this one. She’s a big money agent in SoCal but I think the advice is valuable for anyone looking to sell right now.<BR/>Main points: first impressions are huge, market history doesn’t matter right now, and it’s going to be a buyer’s market for sometime.<BR/>If you’re interested, here’s the link:<BR/>http://www.greenfaucet.com/real-estate/tips-for-selling-your-home-in-this-market<BR/>basically, sellers are going to have a rough time for a while.. so you need to find a way to do decently in the face of market changesUnknownhttps://www.blogger.com/profile/06375818945179855936noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76397219791337823882008-06-26T23:01:00.000+01:002008-06-26T23:01:00.000+01:00Ramen eaters try to sell the home, and now the pu$...Ramen eaters try to sell the home, and now the pu$$y too!!!<BR/><BR/>http://tinyurl.com/4guh8h<BR/><BR/>Jesus...these people have no shame, but we knew it was only a matter of time until they started selling the only thing they have left: their bodies (no brains on a realtwhore)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54035249166913150222008-06-26T20:04:00.000+01:002008-06-26T20:04:00.000+01:00gutless and lazy senses a big sell off said... I c...gutless and lazy senses a big sell off said... <BR/>I concurr with Anon at June 18, 2008 10:32 PM.<BR/><BR/>My intuition tells me something big is about to go down in the markets. I've had a strange nagging feeling for a few weeks now, that we're about to hit a big sell off. Like over 1,000 pts in a couple days. Either that, or Keith is about to take another trip and log off the blog for a few days.<BR/><BR/>Still, markets feel very, VERY strange.<BR/><BR/>June 18, 2008 10:39 PMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1398224748866055872008-06-26T19:43:00.000+01:002008-06-26T19:43:00.000+01:00Keefer!!You gotta do a flash on the markets. Reme...Keefer!!<BR/><BR/>You gotta do a flash on the markets. Remember on your live thread I said the markets looked spooky and felt weird. <BR/><BR/>Well this could be it. This could be a Thursday, Friday, Monday market 1,000 pt collapse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64712401556226150792008-06-26T16:32:00.000+01:002008-06-26T16:32:00.000+01:00Does anyone remember the name of the blog where FB...Does anyone remember the name of the blog where FB's whine and complain about how they are victims of the mortgage blowout?<BR/><BR/>It was mentioned on this website before and I forgt what it was called. <BR/><BR/>Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72300168641502104152008-06-26T06:03:00.000+01:002008-06-26T06:03:00.000+01:00When I run AndrewHac poststhrough my proprietaryHa...When I run AndrewHac posts<BR/>through my proprietary<BR/>Hac emulator, he makes more sense<BR/>than Bushwacked or McLame.<BR/><BR/>Where was Andy 10 years ago ?<BR/>Maybe he can still save us.<BR/><BR/>Well, no; too late.<BR/>But maybe he can help us<BR/>through eternal purgatory.edd brownehttps://www.blogger.com/profile/08825894326281481673noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78607762947627395222008-06-26T04:00:00.000+01:002008-06-26T04:00:00.000+01:00One guy's thoughts on peak oil truths lies and con...One guy's thoughts on peak oil truths lies and consequences.<BR/><BR/>http://theseuncertaintimes.blogspot.com/<BR/><BR/>I thought it was good reading.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47777347267815690832008-06-26T02:25:00.000+01:002008-06-26T02:25:00.000+01:00Keith, lets be a bit fair to Chris Dodd..he went O...Keith, lets be a bit fair to Chris Dodd..he went OFF on Bush and the wiretapping and retroactive immunity. I know its like the pot calling the kettle black, but he spoke this with vitriol and passion.<BR/><BR/>http://www.washingtonpost.com/wp-dyn/content/blog/2008/06/25/BL2008062501380.html?nav=hcmoduleAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65532944301785910142008-06-25T20:26:00.000+01:002008-06-25T20:26:00.000+01:00"SEATTLE -- Gov. Chris Gregoire says the state is ..."SEATTLE -- Gov. Chris Gregoire says the state is pulling the license of Countrywide Home Loans to write loans in Washington and that investigators found evidence of "predatory practices" aimed at minorities."<BR/><BR/>http://www.kirotv.com/news/<BR/>16706810/detail.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32713617439168579602008-06-25T11:59:00.000+01:002008-06-25T11:59:00.000+01:00Hi Everybody! I'm new to this blog. Can someone te...Hi Everybody! I'm new to this blog. Can someone tell me why there's a picture of a corpse in the upper right corner under the word MoziloGate?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79872574242294032302008-06-25T11:48:00.000+01:002008-06-25T11:48:00.000+01:00Lisa Madigan (Illinois states Attorney)is listing ...Lisa Madigan (Illinois states Attorney)is listing Countrywide and Angelo, the mo we know, in a civil suit so I think that dayeter is going down just like the orange one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56831690877977472262008-06-25T05:44:00.000+01:002008-06-25T05:44:00.000+01:00NYTimes: "The Illinois attorney general is suing C...NYTimes: "The Illinois attorney general is suing Countrywide Financial, the troubled mortgage lender, and Angelo R. Mozilo, its chief executive, contending that the company and its executives defrauded borrowers in the state by selling them costly and defective loans that quickly went into foreclosure."<BR/><BR/>http://tinyurl.com/5mazfmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64954558968982529632008-06-24T21:53:00.000+01:002008-06-24T21:53:00.000+01:00Just a thought from the nothing..I pay taxes. My t...Just a thought from the nothing..<BR/><BR/>I pay taxes. My taxes go to use the road and public transportation. And social security and welfare..<BR/><BR/>Stuff I use and can use if i really need to. In a sense I own this stuff through my taxes.<BR/><BR/>If my taxes go to bail out people and purchase foreclosed homes... why can't i use them?<BR/><BR/>Shouldn't I be able to live in them since my taxes purchased them?...<BR/><BR/>just a thought...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43631007311563331822008-06-24T17:59:00.000+01:002008-06-24T17:59:00.000+01:00BWAHAHAHA!Sign of the times/democracy in action: c...BWAHAHAHA!<BR/><BR/>Sign of the times/democracy in action: check out the "George W. Bush Sewage Plant!"<BR/><BR/>http://tiny.cc/t0W1CAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22907034017964354602008-06-23T23:37:00.000+01:002008-06-23T23:37:00.000+01:00"I noticed the anonymous poster always posting how..."I noticed the anonymous poster always posting how the DOW was "up today, losers" no longer posts here anymore.<BR/><BR/>hmmmmmmm"<BR/><BR/>Hey I'm still here HP fools.<BR/><BR/>Guess what? S&P 500 up +0.07. <BR/>Where's your housing crash?<BR/><BR/>TOOLS <BR/>FOOLS<BR/>DOOLS<BR/>DOLTSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64668237672870071412008-06-23T21:54:00.000+01:002008-06-23T21:54:00.000+01:00PROOF Mortgage Brokers are SLIME!God Lucky Howard,...<B> PROOF Mortgage Brokers are SLIME!</B><BR/><BR/><BR/><I>God Lucky Howard, 39, described in jail records as a mortgage broker, was arrested by Tampa police on one count each of delivery of cocaine within 1,000 feet of a church, a school and public housing; one count each of delivery of cocaine with intent to sell within 1,000 feet of a church, a school and public housing; and two counts of possession of cocaine. </I><BR/><BR/><A HREF="http://www.nbc4i.com/midwest/cmh/news.apx.-content-articles-CMH-2008-06-23-0010.html" REL="nofollow">Full Article</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67274268655322326432008-06-23T21:03:00.000+01:002008-06-23T21:03:00.000+01:00OLD NICKELASS RETINASS DOESN'T EVEN GET HIS NAME M...OLD NICKELASS RETINASS DOESN'T EVEN GET HIS NAME MENTIONED ANYMORE...<BR/><BR/>"Harvard University's Joint Center for Housing Studies painted a bleak picture of the current housing downturn, pegging it as possibly being "the worst in a generation" in its "The State of the Nation's Housing 2008" report."<BR/><BR/>"The study noted that housing starts, new home sales and existing home sales are at all-time lows since after World War II, while home price declines and mortgage defaults are the worst on record."<BR/><BR/>http://tinyurl.com/4oankr<BR/><BR/>PRICK MUST HAVE GOT FIRED!!!<BR/><BR/>DOPES!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3028716639922164792008-06-23T18:20:00.000+01:002008-06-23T18:20:00.000+01:00Dow up 11 points at 1:10. Where's your depression ...Dow up 11 points at 1:10. Where's your depression HP'ers?<BR/><BR/>DOLTS <BR/>DOPES <BR/>DOTES<BR/>LOSERSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12228892095130305342008-06-23T18:17:00.000+01:002008-06-23T18:17:00.000+01:00Response to "not the Realtors fault, Get your fact...Response to "not the Realtors fault, Get your facts straight."<BR/><BR/>My response would be that the housing bubble is not solely the fault of Realtors. But Realtors definitely contributed to it by facilitating and profiting from an unaffordable and unsustainable increase in home sales and home prices.<BR/><BR/>Realtors associations never EVER provided objective, expert information about home price levels to potential buyers. This is despite the fact that part of their MISSION is to act in the interests of sellers AND BUYERS.<BR/><BR/>Even while prices were/are falling Realtors will always encourage someone to buy, saying 'now is a great time to buy real estate'.<BR/><BR/>Many, many people trusted their Realtors and bought at prices that Realtors either did or should have known were inflated and unsustainable. Many people are suffering financially as a result of taking Realtor advice.<BR/><BR/>Realtors are just like used car salesmen: they do not represent the interests of the buyer (despite lying and saying that they are) and are incentivized to push for as high a price as possible.<BR/><BR/>Yes, Realtors are at fault.Paul E. Mathhttps://www.blogger.com/profile/03719759088047080921noreply@blogger.com