Saturday, January 21, 2006

Drop Your Cocks and Grab Your Socks!



Centex is excited to announce a one-time-only twenty four hour sale at many of our Dot communities in California and Arizona. Just tell our friendly sales folks you heard about our blowathon at the Jonestown Blog, drop your cocks and grab your socks, and we'll do the rest! Might be a good idea to bring a jug of your favorite personal lubricant 'cause you're gonna like what we do to your Golden Globes. And if you are a Gen-Xer you get an extra two fingers right where you want 'em, just our way of thankin you for fucking up the housing market by taking out all those creative loans!

6 Comments:

At 4:45 PM, Blogger Rob Dawg said...

Has anyone proven the housing bubble is the creation of Generation X? It seems the first time buyers are the folks using all the creative financing. Any help with this theory would be greatly appreciated.

Just a theory Jack. The great housing bubble of '06 is the consequence of Fed screw ups and radical unrestrained creative lending practices. The contribution of the Gen Xers was only to artifically inflate the assumed underlying demand. They got in years earlier than if lending standards had been enforced. The same effect was seen last fall with the automakers. Incentives frontloaded a lot of demand and new car purchases fell off a cliff when removed.

The Xers biggest problem is going to be overhang. Enough boomers are going to be able to undercut any price an Xer could imagine and still walk away with money in their pockets.

Oh and get a better picture up, there's so many good Greenspan and Centex parodies out there that a mashup of Ben isn't funny even to people like me with really bad taste in humor.

 
At 5:02 PM, Blogger threadbear said...

I don't know anything about overhang, underlying demand or falling off a cliff. Sounds a bit too strenuous, even muscular, for me. From my limited experience, it seems house prices have risen since 1996 nationally. I would be willing to wager the Generation X folks did most of the first time buying since that date. Most boomers have owned houses a lot longer. So I would agree with Jack. Xer's need to shoulder the responsibility. Besides, the boomers need these guys to pay for their social security.

 
At 12:31 PM, Blogger Rob Dawg said...

Not so minor correction, I actually wrote:

‘I really think we’re poised to see people dump their homes in other markets to come here [Denver].’

Unbelievable. It must be -different- in Denver.

Side note, do you actually "get" my blog or were you just yanking my chain?

 
At 3:10 PM, Blogger jack mehoff said...

Robert, I am attempting to take the very best remarks uttered by the bubble blogos fear and arrange them so they make sense to the average american dolt who actually owns property. The portion of your statement I published was the unpolished nucleus of your original thought. The remainder of your original statement did not add any further substance. After all, who cares about Denver? As you know, we housing bloggers work on limited budgets with limited resources. I notice Ben's Jonestown blog is now begging for financial assitance via PayPal. In the end he is a capitalist trapped in a renters body.

 
At 9:55 AM, Blogger Rob Dawg said...

"In the end Ben is a capitalist trapped in a renters body."

LOL. Good one. So you are saying that he is trying to get in on the ground floor and then bail before the blog bubble bursts?

 
At 4:41 PM, Blogger jack mehoff said...

That's right. I overheard a box boy at Ralphs yesterday talking about his personal housing bubble blog!

 

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