housing bubble blogography

Today's Bubble Blog Wisdom

2006-01-22T08:58:00.000-08:00

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
BwaHaHaHaHaHa!!!

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
Wow.
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. So...to 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
@DinOR,
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.
Linda

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
SpendingUrRent

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.)
Fraud
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*.

Drop Your Cocks and Grab Your Socks!

2006-01-21T15:04:00.000-08:00

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!

The Jonestown Blogos Fear

2005-12-07T07:25:00.000-08:00

How does it feel to be a renter when the homeowners in your Sedona, Arizona neighborhood are enjoying double digit annual appreciation in their property value? How does your wife view your choice to rent because you insist there is an "impending housing crash?" Does she think you may be nuts? To prove you aren't nuts do you start a housing bubble blog? In case your wife logs on, do you delete any opinion that may dispute your housing crash dogma?

Desperate House Wife

2005-12-05T07:17:00.000-08:00

Sexy blonde sells house -- and herself

WASHINGTON, Nov 4 (PG) - For sale: house in Denver, Colorado, 600,000 dollars -- complete with bride. Jewelry manufacturer Deborah Hale, the house's owner, announced on a website that she is putting her home up for sale on the Ebay online auction site with the twist that she comes with it. The shapely blonde, 48, says she wants to find a bidder, aged 40-60, to share the home with in a longterm relationship. On her website, housewithbride.com, Hale said she bought and remodeled a 1910 bungalow in Denver, but was not satisfied living alone in it.

Saturday Laughs

2005-12-03T15:03:00.000-08:00

This story from the Washington Post is good for a few hearty bubble blog belly laughs:

The Post interviewed a Philadelphia resident who had been diagnosed with cancer and lacked health insurance. She fell behind on her house payments and had to foreclose. Another woman with a similar story approached her lender, who had already sold her debt to another credit agency. She attempted to file for bankruptcy but was denied, and currently contends with double payments because of late penalties. Most low-income homeowners across the country face comparable threats, lacking adequate health insurance. By one estimate, medical expenses are the primary cause of financial distress for 40 percent of those struggling to hold on to their homes.

What a bunch of losers! For more laughs visit the housing bubble Jonestown at thehousingbubble2.blogspot.com

Los Angeles Home Sells

2005-12-03T06:31:00.000-08:00

A reader submitted this unsourced story:

Shecky and Rebecca Wisenheimer awoke in their new Chatsworth home to the cheerful fragrance of fresh flowers and the sound of a distant train chugging along the track. “This ain’t exactly Folsom Prison” Shecky grinned as he handed his wife a tulip he had plucked from the Welcome Wagon basket which magically appeared on their front porch. The move from their Encino home of fifteen years was overdue. “The kids were grown and incarcerated. Who needed the extra rooms?” Shecky shrugged. Among those welcoming the Wisenheimer’s to their new neighborhood was Scheky’s mother Rose. “I’m gonna put a padlock on the icebox,"she said. “Look at that tuckas, will ya? He didn’t get that using the Stairmaster.” Shecky waved his mother off. “Living closer to her will be wonderful, but I gotta be honest, the money didn’t hurt. What’s not to like about $400,000 tax free semolions?” The Wisenheimers wish to thank Evan Williams for making the sales and moving process completely painless.

We have received these anecdotal fairytales before and suspect they are pure fiction, a product of the real estate conspiracy to dupe the American public. Besides, if true, the Wisenheimer's are in for a rough ride. Fires, earthquakes, landslides, the Manson Family legacy of depravity and a paucity of fine dining await them. Go to hell, Scheky!

Blog Virus Found In North Arizona

2005-12-02T13:09:00.000-08:00

A deadly mutated strain of avian bird flu virus has been traced to a bubble blogger in northern Arizona. Early today the World Health Organization (WHO) issued a Level II warning: "The northern Arizona case may be isolated, however there is a very high probability it will spread quickly. The avian virus required minimal mutation to move from the domestic chicken population to the bubble blog. If the virus is spread via internet bubble blogs it could wipe out three to five million unhappy renters in a matter of hours." WHO's Zahn Furst, professor of animal husbandry, added this Level III.c Advisory: "It does not require a signifcant leap of faith to predict the virus will migrate from the bubble bloggers to their relatives, threatening the entire population of California lemmings. My wife does not agree, but she's a bitch. Literally."

Bubble Blogger Mutual Funds?

2005-12-01T06:35:00.000-08:00

Some of Wall Street's leading equity fund managers, including Vanguard, T.Rowe Price, and the American family of funds, have introduced a product which is designed to capitalize on the anticipated spending of millions of housing bubble bloggers who are growing increasingly impatient, anxious and desperate as their predicted crash in housing prices does not happen. The funds are known as Real Estate Anxiety Matrix (REAM) funds, and typically contain a diverse basket of equities which have been hammered by consumer optimism but are likely to rise on bubble blogger angst. Of course, we like the J.Mehoff Income-Inequity REAM . Among the top holdings of the Mehoff fund: Roche Laboratories (Valium), Eli-Lilly (Prozac), Astra-Zeneca (Prilosec), Johnson & Johnson (KY personal lubricant), Old Crow Distilleries (Old Crow), Home Depot (ladders, ropes), Gillette (single edged razor), Pep Boys (anti-freeze), Forest Lawn (real estate).

The Mehoff fund is a bit pricey, with a front end load of between 5% and 50%, depending on where you live.

THIS OFFERING INVOLVES SIGNIFICANT RISK. PLEASE READ THE ENTIRE PROSPECTUS BEFORE INVESTING. YOU MAY LOSE SOME OR ALL OF YOUR MONEY. IN FACT YOU MAY EVEN LOSE YOUR NEIGHBOR'S MONEY. BUT HEY, THAT'S WHAT YOU REALLY WANT ANYWAY, RIGHT?

GDP Up, Inflation Down

2005-11-30T07:17:00.000-08:00

U.S. gross domestic product, a measure of all goods and services produced within U.S. borders, grew at a revised 4.3 percent annual rate in the July-to-September period, the fastest pace since the first three months of 2004, the Commerce Department said.

And inflation dropped during the period easing fears of continuing Fed rate hikes. So, productivity is up, inflation flat or lower and jobless claims slumped. Why the simmering worry on the home front? We believe we have figured it out. Be honest now and take this simple test:

Raise your hand if you voted for John Kerry.

Bubble Bloggers Revert to Mean

2005-11-30T06:49:00.000-08:00

In the last ten days consumer confidence jumped, new home sales hit new all time high levels, the stock market flirted with 11K and the bubble bloggers went ballistic with rage. How could this be happening, they ask? The most common bubble head explanatiion: the American people are stupid. The most common bubble head reaction: anger. One need only sift through the detritus left on this website by the bubble heads to observe the rage up close. But, in the spirit of the Holiday season, we offer the bubble heads these tips suggested by the American Psychology Association:

Breathe deeply, from your diaphragm; breathing from your chest won't relax you. Picture your breath coming up from your "gut."

Slowly repeat a calm word or phrase such as "relax," "take it easy." Repeat it to yourself while breathing deeply.

Use imagery; visualize a relaxing experience, from either your memory or your imagination.
Nonstrenuous, slow yoga-like exercises can relax your muscles and make you feel much calmer.

If you wish to conduct further field studies of the bubble heads in their natural environment, you can visit the Jonestown of bubble heads: thehousingbubble2.com. Make sure you use plenty of DEET and, if offered, don't drink the Kool Aid.

Investors Business Daily Spots Bubble

2005-11-29T07:15:00.000-08:00

Bubble Blogs, A Market Barometer?

2005-11-28T08:50:00.000-08:00

The quantity of housing bubble blogs reached new highs over the Thanksgiving weekend. Today, Google reports 1,810,000 "real estate bubble blogs" and a mind numbing 2,510,000 "housing bubble blogs." As the number of blogs increases, the quality has taken a sharp decline. "When free lance writers in northern Arizona climb aboard, you know the train is headed off the cliff," says a report from the NAR. "With this many morons fobbing themselves off as real estate investment experts, you know the time to buy property and homes is now" the report concludes.

Global Warming leads to soft landing scenario

2005-11-28T07:00:00.000-08:00

Rising sea levels caused by global warming will permanently eliminate densely populated areas on both coasts, experts warn. Southern California, Florida and Cape Cod have already seen huge price run-ups in anticipation of the calamity which has been described by Alan Greenspan as "frothy." As coastal residents are forced inland, an activity dubbed "surge purge" by Dr. Salvadore "Mustang" Sali, adjacent property valuations are pushed higher by the heavy demand. Of course, the permanent loss of buildable property heightens the effect of surge purge by negatively impacting the supply side. In his soon to be published book, "The Atlantis Effect", Dr. Sali points to a lesson learned four thousand years ago. "As Atlantis sank and residents were forced to flee to nearby Sicily, the median home prices there skyrocketed," he writes. "In 1997 BC, only eighty-three grams of salt put you into a median home in the Sicilian market. Five years later, after the last of Atlantis slipped under water, that same home cost more than two kilos of salt!" Dr. Sali sees a repeat of the Atlantis scenario already unfolding in the US and around the world. "More of us will be competing for less land. It's that simple."

Double Bubble

2005-11-27T17:09:00.000-08:00

This blog is dedicated to the memory of Ben Jones, the "freelance writer" who posts thehousingubble2.com which is sponsored by the real estate biz. Or, more accurately, the memory of what is left of Mr. Jones's credibility. We posted to Ben's blog and he quickly deleted our simple and respectful question: "What's with all the links to real estate agents, lenders and other bubble heads?" So, Ben, we're giving you another chance. What's up?