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Preview: Comments on: Bits Bucket And Craigslist Finds For August 3, 2007

Comments on: Bits Bucket And Craigslist Finds For August 3, 2007



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Sun, 21 Jan 2018 13:29:09 +0000

 



By: Mary Lee

Sat, 04 Aug 2007 17:34:24 +0000

Didn't shrub buy a 40,000 acre (hectare?) ranch in Argentina?



By: Mary Lee

Sat, 04 Aug 2007 16:43:00 +0000

Given the growth of the level of corporate control of "consumers", and government over the past three decades, I'm pessimistic to say the least about our populace regaining any reasonable measure of control over our lives. The "free market" schtick which has been sold to the gullible resembles no classic definition of a free market I've been able to ferret out. Free for whom? Freakin' rigged game, and literally the only game in town. On the plus side, this pendulum swing appears to be nudging the top of its apex. Interesting to see what the result of the reverse swing will be. Unfortunately, the power grabbers will remain, as will the sheeple. Sucks.



By: Mary Lee

Sat, 04 Aug 2007 16:12:00 +0000

I regret I didn't run for office - and win, of course - years ago. What a scam!



By: reuven

Sat, 04 Aug 2007 13:31:21 +0000

It occurred to me that if this were any other necessary product whose prices were being manipulated, let's say "milk" for example, people would be angry. The press is so biased that they consistently term falling r-e prices as a bad thing. Even though I own two properties (in FL and CA, each with no mortgage), I welcome falling real estate prices. I don't sit and fantasize about my "wealth" by checking Zillow twice a day. I simply don't care what the house I'm living in is "worth" to some theoretical buyer.



By: tj & the bear

Sat, 04 Aug 2007 07:11:47 +0000

You can thank God for the Second Amendment. Amen to that.



By: tj & the bear

Sat, 04 Aug 2007 07:05:00 +0000

The truth is contained to HBB!



By: Sally OMaley

Sat, 04 Aug 2007 04:54:35 +0000

I never miss a chance to send people to this blog!!



By: Chip

Sat, 04 Aug 2007 02:53:03 +0000

hd74man -- "Work one day in the legislature and you’re vested." That is appalling -- impossible for me to imagine. Even in the federal government, I understand that it takes (or took) 5 years to become vested in their retirement plan. I'm not hunky or hot -- nevertheless, do you have any ideas how I can get hired by any such legislature for, oh, a week or so? Shucks, I'd even hang on for a few months or even a year or more, to get them kinda' benefits. Mamma'd be proud, up there in her double-wide -- I know she would.



By: Pondering the Mess

Sat, 04 Aug 2007 01:56:04 +0000

Stuff like this really, REALLY angers me! Okay, it's fine to make money and spend it on some luxuries... Maybe a $100 pen? I don't even know why a pen would cost that much, but you get the idea... but this is SICK! Waste for its own sake! If I had that type of money I would do something USEFUL and productive with it - something that would make the world a better place. But as we all know, for the most, people with souls and who would try to improve the world never end up with that type of spending money. Sickening...



By: Pondering the Mess

Sat, 04 Aug 2007 01:46:38 +0000

Trust me, even with a more than basic security clearance, you're not making that much in the DC-Maryland-NOVA area to really get by here. Oh, okay: if you're making above median household income AND married to somebody making above median household income AND willing to stretch or buy a real dump, you can make it, but that's about it. Maryland is the "Silent Bubble" - people here making $60K to $95K a year looking at fields of $300K to $600K starter homes while thinking, "Oh, that's okay - everyone is rich here because all those government jobs in DC." Right - next time a Senator happens to drop off a couple hundred thousand doallars on my doorstep while going on a drinking tour of the dismal areas in Maryland, I'll believe that theory. Until then, prices need to come down.



By: ACH

Sat, 04 Aug 2007 01:43:12 +0000

You are correct. Cramer really doesn't understand credit bubbles. Lower rates? Will not work anymore. Roidy



By: Pondering the Mess

Sat, 04 Aug 2007 01:41:35 +0000

I am a strange environmentalist: I hate the pointless sprawl, the urban trashholes, the paving over of everything, and the almost exponential growth rate of the human population as if nobody is bright to realize that we have limited resources. On the flip side, I despise the global warming nuts not because of global warming itself, but because they want to run my life. We all know how it will play out: vast government programs that produce nothing but higher taxes, all of the ex-middle class forced to live in dreery concrete boxes while trying to scrape by on our gas rations (or "carbon rations" or whatever nonsense they make up to control us), while the rich fly around in their private planes, go to their big mansions, and so on because they are "leaders" and shouldn't have to sacrifice! BS! The global warming movement as pitched by Al Bore and the rest has nothing to do with the environment and everything to do with power and control of every aspect of our lives. Get the dang meddlers out of my life! I already conserve - far more than some shmuck like Gore who lives in a huge mansion, flies on his own plane, and so on - so they should just leave me out of their "brave new world."