Sunday, January 22, 2006

Today's Bubble Blog Wisdom

Comment by BKlawyer
2006-03-09 18:41:52
I’ve been ranting about the housing bubble for a few years and fending off death threats in the meantime.

Comment by GetStucco
2006-03-10 07:26:04
Now I fully understand my gut-level instinct to post under a pen name…

surfer-x Says: March 9th, 2006 at 3:10 am
Eat my ass fool who couldn’t afford the house ahahahahahahahahah

Comment by crash1
2006-03-10 07:44:17
How about some hard-core entertainment?

Comment by capitalME
2006-03-04 01:51:31
Oh no! I prefer people think for at least 10 good seconds before they speak. Chat is for perverts, anyway. The last thing we need is hundreds of horny bubble watchers on here.

newsfreak Says: March 3rd, 2006 at 5:56 am
There will be growth in the spring, despite what we have polluted, trashed, and tainted, but I would like to burn an effigy of the dog-king,because everything he touches he destroys.
My daughter asked why “don’t we burn effigies in Amerika?”And I told her, “People are too busy trying to subsist.”
People are too busy.

Comment by SunsetBeachGuy
2006-03-02 17:20:13
Nice version… would you please stop posting racist comments.
To the point version…you are a dumbass

Comment by lainvestorgirl
2006-03-02 08:29:46
There was never a reason for Palm Springs to have a housing bubble in the first place. There are acres and acres and acres of vacant land there, and new homes are being put up very cheaply every day. There are no limited supply pressures like on the coast. The only reason prices have gone up is homos’ deep pockets.

Comment by crash1
2006-03-01 06:19:38
I quit my job to be a full-time blog reader.

hate to rent Says: February 28th, 2006 at 11:59 pm
My god, thing are falling apart. but we still got our uc system.
Last time I talk to a friend, she say that some of her client intentionally give themself HIV by sleeping with people they know to be HIV+. Why, because they get welfare, FREE HOUSING and the drug”alone” cost the state 10K per years. If this thing grow, what out.

Peter P Says: March 1st, 2006 at 12:42 am
Very true. But many positives do not develop AIDS for many years. People are very shortsighted, otherwise, why was the demand for ARMs so great amid historically low interest rates?

Comment by goose_egg
2006-03-01 06:29:32I have a humble request –
I’m glad to see everyone so eager to participate, but could we try to boost the signal:noise ratio here a little bit? Pretty please?

surfer-x Says: February 22nd, 2006 at 7:36 pm
$anta Barbara uni is the best ahhhh, but the best uni is the uni that is served on Mr. Rights toiliet seat, now that’s some good eats, and quite frankly as a maggot rentor I feel better knowing that Mr. Right’s well heeled arse was near my Uni.

Fewlesh Says: February 22nd, 2006 at 8:20 pm
Thanks for the well reasoned analysis.

newsfreak Says: February 22nd, 2006 at 6:06 am
Hereafter, all who enter this thread, must beat the Dead Horse, or we be fools who spoke the truth and no one listened, village idiots without a village.

Comment by Auction Heaven in '07
2006-02-21 16:20:36
I KNOW you’re waiting to see what I write ...Does doggie poo even have a use?

surfer-x Says: February 22nd, 2006 at 11:04 pm
Oddly enough my wife’s dog doesn’t bite the finger and she cleans up the 2 coil steams the boston leaves on the lawn. Go figure.

Comment by ca renter
2006-02-21 14:47:38
As a native Californian, I have a theory about earthquakes and dry, warm Februarys and Octobers. There seems to be a correlation. Sounds weird, but there also seems to be a bit of fidgety-anxiousness in the air. I’m going to go out on a limb and predict a fairly good-sized earthquake in CA by November.

Comment by Robert Cote
2006-02-21 14:11:52
It was already a crappy calculator the last time you referenced it.

Comment by The Lingus
2006-02-21 08:18:00
So eloquently put Mr. Cote. It’s nothing personal. We’re merely fed up with the influx of maggots from your area

Comment by also renting in ma
2006-02-21 13:06:05
Here’s the thing. There is a lot of yabbering going on within this blog about “bursting”, “popping”, etc. but the reality is that nothing is really happening..

Comment by Unknown Attorney
2006-02-21 09:22:27
You’ll see how valuable this place becomes when it’s your night to treat and you need only walk out your front door to score some quality chiba or wicky.

Comment by Pismobear
2006-02-20 22:37:12
That’s why I’ve got a ‘right to carry’ permit and several small ‘dirty harry’s’ (38 spec) loaded with wad cutters. When I visit my income property I make sure that the hood knows I’m packing.

surfer-x says:February 20th, 2006 at 11:13 pm
Watch out, boomer in charge, turn up the Zep and lube up.

Unalloyed Says: February 16th, 2006 at 9:27 pm
After the collapse of the bubble and the US$, you will need basic survival skills. Buy lots of guns and ammo. Get Lasik so you won’t need your glasses. Learn building shelter, improvised clothing, fire lighting, trapping, fishing, evasion of human and robotic enemies, living on plants & fungi, improvised navigation, water purification, knife sharpening, gun maintenance. Side arms will be more liquid than gold. Realize that you will be stronger immediately after the RE Bubble bursts than later when you are cold and hungry, so act decisively. Above all, avoid gastric bypass or stomach stapling surgery - you may need every calorie you can absorb. I’ll meet you in the hills and we’ll talk over a human-jerky lunch.

Comment by moonvalley
2006-02-16 14:55:39
Just got back from lunch off the Plaza, there was a table full of Realtors behind us, about 7 of them, anxiously talking up properties.

Comment by Left LA Behind
2006-02-16 13:10:55
Starved pigs will happily decimate a human corpse in minutes, including bones.

Comment by Auction Heaven in \\\'07
2006-02-16 16:19:26
Projectile vomitting, diarrhea, migrane headaches, overactive bladder and bowel movements, constant ticks (with swearing), and impulsive, innappropriate public ass-scratching episodes are just a few of the side effects.
This ad was paid for by Ben Jones, of TheHousingBubbleBlog.Com.

Comment by also renting in ma
2006-02-16 07:18:45
Is home building up, or are project being cancelled? Are prices up or down? Is inventory up or down? Are sales up or down? I follow this story closely and hard to read the tea leaves at the moment. JQ Public will probably start tuning this out for a while

Sunnyvale_Renter Says: February 15th, 2006 at 10:27 pm
Fuckity fuck indeed, I’d like to make a Surfer-X edition surfboard…… um, …….. if I shaped surfboards. And um, glassed them. And could get some fuckity fuck boomers burn in hell decals. That would be cool.
Yeah well I guess we’ll all have to get lives now, along with our shitboxes, wonder if we can do that all at Ikea? Or rent-to-Owned?

Peter P Says: February 16th, 2006 at 1:06 am
Yes, let’s face reality, there is no bubble!

San Francisco RENTER Says: February 15th, 2006 at 10:41 pm
Next year after my condo appreciates 105% I will probably trade up to a palace in Pacific Heights where I will sit on my sun deck and ogle MILFs all day while swilling martinis with my Boomer neighbors.

Comment by crispy&cole
2006-02-13 13:52:50
Yes, I am a loser who drives by model homes and open houses to see what the traffic is.

Comment by dawsons_greek
2006-02-13 13:25:56
I hate to ruin this thread with a super-offtopic comment, but I find no other way of finding out about this: where is Ben’s metals blog, that’s been mentioned he runs?

Comment by Bubble Butt
2006-02-13 13:31:43
On the right hand of this page. Under Links is the link called Ben’s Money And Metals

Rat_Patrol Says: February 13th, 2006 at 2:00 am
It’s like somebody farted and the smell is stuck to the wallls.

Comment by turnoutthelights
Good stuff. Very good. Ben, this is one for the books when the analysis of this blog is completed. Lord, I swear I can smell a PhD in economics coming out of this thing.

Comment by Robert Cote
2006-02-10 06:24:39
‘I really think we’re poised to see people dump Unbelievable.

Comment by Glenn
2006-02-10 08:07:25
Just saw the treasury yield curve and crapped my pants.

Comment by dawnal
2006-02-10 06:20:51
Do you anticipate the bottom as it is still falling?

Peter P Says: February 9th, 2006 at 2:36 pm
Can anyone here guess the probability of infection though a single known sexual exposure to HIV.

surfer-x Says: February 9th, 2006 at 12:41 pm
Here’s what polite society calls for in such situations, give your half, when you determine that pisser-on-er is going to in fact make contact with you, slightly dip shoulder and as contact is made straighten out legs and spin pisser-on-er around.

Bull$hitter Says: February 9th, 2006 at 12:41 am
I eat people who make more than that for breakfast, then I shit them out in little gold nuggets I use for bling.

Comment by Uncle_Git
2006-02-09 16:10:36
It’s the opium smoking that did it - happens to me all the time.

feepness Says: February 7th, 2006 at 6:43 am
God… the TOL put are paying off. I have to roll down to a lower strike price.

OC_Stomp Says: February 7th, 2006 at 6:44 am
Please oh please…let the bloodbath for the fat pigs start

GetStucco Says: February 7th, 2006 at 6:46 am

thejdog Says: February 5th, 2006 at 9:14 pm
Man you’ve got a hard-on

Ben Jones Says: February 5th, 2006 at 6:28 pm
Thanks for reminding me.

Catherine Says: February 6th, 2006 at 2:05 pm
Hilarious.I got a visual!

Richard Shmend, PhD Says: February 5th, 2006 at 7:44 pm
what you are referring to is the ‘rapture’. and thats when shiloh come.

GetStucco Says: February 5th, 2006 at 4:09 pm
Some aspects of the bubble may actually be easier to see with a PhD

HerdChemist Says: February 6th, 2006 at 7:57 am
It’s unreal how bizzare this mess has become.
Speaking of rock stars, I have a very close friend who “made it big” in the music business

legal_immigrant Says: February 5th, 2006 at 9:34 pm
A little OT, but I am sure many posters here will enjoy the photos

Jeff D. Says: February 6th, 2006 at 7:41 am
Sadly, I expect to see a whole lot more

James Howard Kunstler:
“You can only introduce so much perversity into an economic system before distortions cripple it.

Unalloyed Says: February 5th, 2006 at 2:28 am
Americans and Europeans alike realize that their standard of living has become destabilized and will soon degrade rapidly.

Ben Jones said...
This blogs been down for hours.

thejdog said...
Hate to say it, but Blogspot is a huge POS.

bottomfeeder1 said...
i need more room than that to turn around and wipe.think andy gump with winter clothes on.

GetStucco said...
the invisible hand eventually finds a way.

SD Jim said...
I've got a nice anecdote that's too juicy not to share.

Ben Jones said...
Cornville is east of Sedona and Page Springs.

Deflation Guy said...
I would point to several important signs that we are there (or close to being there):

Bap33 Says: 2006 at 10:43 pm
It dont taste good, smell good, and does a poor job of keeping rain off your face while sleeping. After the next war, he who grows corn and cooks rabbit will be king. ……

jeffolie said...
The housing bubble and the economy is DOOMED, DOOMED, DOOMED.The DARK SIDE glows with anticipation.

Robert Coté said...
I'll have to take this up at the next trilateral commission meeting if I get get a word in edgewise between JFK and Elvis bickering over who gets to sit in the front seat of the black helicopter.

george_ie said...
Good topic. We are in for one hell of a wild ride.

peterbob said...
quick question:Who typically has the best rates for a 10% down 30 yr fixed mortgage? Credit Unions? Internet mortgage lenders?

Michael Holliday Says: February 2nd, 2006 at 6:36 pm
The answer: Every swinging Tom, Dick (no pun intended), and Harry militant, homosexual activist.
That’s who.

Eastofwest said...
Have your kids learn Mandarin, not Cantonese because most Chinese further south already have a domestic helper.

Bap33 Says: February 3rd, 2006 at 6:25 am
Randy H - “I’m sure we’ll still have California Rolls.”
Yep, they are called burritos.

Peter K Says: February 3rd, 2006 at 2:38 am
Randy H seems like a chronically pessimistic loser. Well, that is typical of liberal faggots.
He is even bothered by ‘The Futurist’, for Chrissake…

Lou Minatti said...
Holy crap. Look at Bakersfield!

Auction_Heaven_in_07 said...
Okay...let's solve this the intelligent way. solve this silly debate...can anyone post a link to a really dumb debate.

Tommy Trojan said...
Let’s try to keep the posts respectful and courteous. In my observation, the ones who post the most are often the ones who have nothing worthwhile to say.

also renting in ma said...
Some of the bold predictors here should actually read this blog on a regular basis. Then they would have the facts.I think the gloom and doom predictions are overblown. PS I have been waiting for the "crash" for over a year now. When is it coming?

sf jack said...
It is already underway. You do not see it because you are looking around for an automobile crash.

NYC analyst said...
Can we have a moritorium on PPT comments? Consipiracy theories just make the blog like a haven for nutters.

ghost of marina Says: February 2nd, 2006 at 2:22 am
I do appreciate your balls.

LowTenant said...
I kind of doubt these new condos have anything in common with them besides size.

GetStucco said...
My crystal ball suggests that they will magically continue gradually levitating upwards somehow managing to stay slightly above the short end

Ben Jones said...
It's a perfect example of how a craze can set in.

OC Homeowner Says: To quote a previous post by X in another thread let me be the first to say F@uck you! F@ucking troll. F@cking cock gobbler.

GetStucco said...
It might be pretty hard if you are swayed by trickle-down* commentary

Ben Jones said...
Thanks to the reader who sent this in.

newsfreak Says: February 2nd, 2006 at 5:08 am
Two thoughts on NIMBY-ism and trees
During our stint in Eureka, CA, there solution to new condos by Humboldt Bay was FIRE, that’s right good old fashioned FIRE do do do.

Chip said...
These days I'm pretty much a Human Inertial, so I don't get out enough to see these teasers.

Glenn said...
You're posts suck because they are pure anecdote...they cite no source...are neither proveable nor disproveable...

Wednesday, February 01, 2006 Marin Real Estate Bubble

A Vicious Downward Cycle?
Certainly a major event like a war, a nuclear attack, a recession, George Bush growing a brain, etc. would be sufficient to cause a decline in the housing market.

surfer-x Says: February 1st, 2006 at 2:30 pm
How fucking long can we beat a dead horse?

HARM Says: February 1st, 2006 at 12:18 am

Well… I’m the threadmaster, folks.I had thought about deleting the entire F-U / woody exchange, but frankly Btw, I prefer “stiffie”.

Linda Says: January 31st, 2006 at 8:48 pm
What the hell are you talking about, dude??

Your full off nothing but insults and bovine dung. I don’t come onto this board to give anybody else any fecal matter - I come on this board to share my experience.
So let me invite you to have sex with yourself –3 times!. You’re a jerk and I can swear like a sailor right along with the rest of you.

DCBubbleHead said...
getstucco...precisely my point, but i was thinking in terms of a more granular level--in terms of all these flippers caught fully levered with their pants down.

sm_landlord said...
In fairness to the South, the Midwest can suck too.

Tuesday, January 31, 2006

All the Little Bubbles Go Pop, Pop, Pop
All head bangers line up.Face the wall.Procede to bang your head.It's the only remedy for what you are about to read. And believe me, I'm there with you as I write because this makes absolutely no sense at all. Americans, it turns out, are more optimistic about the economy than they've been in three and a half years, at least as far as the Conference Board is concerned.

CA Renter said...
I had been telling friends not to buy because of the bubble since around 2001/2002. Sure haven't gained any points with them on that one.

feepness said...
I often question the use of the word intelligent as applicable to humans.That is all.
8:26 PM

OC Homeowner Says: January 27th, 2006 at 12:33 am

So to quote a previous post by X in another thread let me be the first to say F@uck you! F@ucking troll. F@cking cock gobbler. I hope you make out well in your RE investments (although I expect you wont). We will see who gets the last laugh. F@cking Ass.
Anyone else here getting ready to file for disability? I myself qualify under California law because I am on maternity leave. F@cking Troll.

Sunnyvale_Renter Says: January 25th, 2006 at 2:25 pm
Why believe in the Christian imaginary friend when you can believe in the Mogambo Guru?

george_ie said...
No matter how you look at the numbers, America's economy is circling the toilet bowl. The Fed is trying to print us out of this mess, but it's not working. It's easy to get durable goods growth when you're throwing money out of helicopters. However, we all know how it will end.
7:39 AM

Sunnyvale_Renter Says: January 23rd, 2006 at 3:57 pm
Yeah my parents were Eisenhowers/Silents and while they were not hippies, they might as well have been. We grew up with the flag, big Christmases, going to the library as a rite of passage at about age 5 (and getting our own library card!) and so on, all that All-American square stuff, but by the time we were reaching adolescence it was all falling apart, badly. They might as well have been fucked up hippies, as far as their responsibilities to their children, to society, and to themselves, they were some fucked up units.

OC_Stomp said...
This rent to own / lease option is exactly what I'm hoping to do. Not because it makes perfect economic sense, but because it would be a happy medium with my spousal unit.

foobeca said...
If I buy a big mac and take a bite out of it, should I expect to resell it tommorrow for more than I paid for it?

« OTUS (Other Than U.S.)
At this stage of the game to imply there is no real estate bubble is akin to implying that the Pope isn’t a Nazi*.


At 2:01 PM, Blogger quickdraw said...

My prediction:

In 2006 and 2007, inventories (and interest rates) continue to rise. With a shortage of buyers, prices start to fall. Suddenly all those folks who put no money down are underwater. When their ARMs adjust, they are unable to make the payments so they just walk away. This triggers a wave of foreclosures, further adding to inventory and further eroding prices. In turn triggering more foreclosures, continuing the cycle.

By the end of 2007, median real estate prices have dropped 80-90% in the USA.

But folks like Ben know to be patient. Because most people involved in the housing sector (brokers, builders, construction workers, etc.) are out of work, triggering a major depression and even more job losses. Since so few people are working, nobody can afford to buy houses and prices drop even further. By the end of 2009, prices have dropped another 80-90%.

This further deepens the depression and large parts of the country slip into anarchy. Nomad bikers terrorize the highways. People depend on pigshit for fuel and it's a serious crime to injure a pig.

In 2010, the sky literally falls, killing billions. By the end of 2011, prices have fallen another 80-90%. A San Francisco townhouse that sold for $1 million in 2005 now goes for about $1500, payable in gold. And you have to defend your townhouse against gangs of marauding mutant zombies.

But Ben is too smart to jump into the market - we haven't hit the bottom. Because in 2013, the Russians launch a preemptive nuclear strike. The resulting nuclear war kills everyone in the world except for Ben who happened to be in his basement at the time.

Every last piece of real estate in the world now belongs to Ben, with no mortgage and no down payment. Congratulations!!!

At 5:29 AM, Blogger Rob Dawg said...

Howsoever will I ever survive the hit to my ego? I've said nothing sufficiently bubblicious to merit derision? I'll have to try harder.

At 8:18 AM, Blogger Rob Dawg said...

I feel better now. Good stuff.

At 4:49 PM, Blogger surfer-x said...

It is people like Ben Jones and myself who will one day be vindicated. It matters not that our family and friends view us as one would view cat vomit on the carpet, if they even bother to have any contact with us at all. Real estate will indeed revert to the mean and I will soon be crunching over the emaciated corpses of bloated boomers and their hideous spawn as I take over possession of their cribz, as is my birthright.

At 5:48 PM, Blogger surfer-x said...

Hey, jackmeoff you pitiful little twerp. you are ganking ben jones for comment moderation on this blog yet you have it here. at least ben will give me nice, long, slobbery finger-in-the-ass bj when i'm in town - what are you gonna for me, BITCH?

At 9:12 PM, Blogger jack mehoff said...

Hey Surfer X Chromosome, Leave your mother out of this. You'll have to qualify for your own welfare benefits.

At 5:46 PM, Blogger BitterRenter said...

Check my blog and give me some feedback.

Cheers mate!


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