BREAKING NEWS Pending home sales index falls to lowest point on record | |
Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 10:13 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 10:50 AM Report Abusive Post Report Copyright Violation | Time to start building log cabins on federal land. Quoting: Anonymous Coward 559493I can honestly say the thought of doing that has gotten stronger by the month. There's the Appalachian mountains to the west that still have plenty of cheap land with water. |
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Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 10:52 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 10:53 AM Report Abusive Post Report Copyright Violation | |
riker User ID: 505009 United States 01/06/2009 11:13 AM Report Abusive Post Report Copyright Violation | Has it occurred to anyone that the problem isn't a fuckin credit crunch, just a bunch of broke indebted Americans with no demand for a house??????? You shall know the TRUTH, and the TRUTH shall set you free. ********************************* rikerglp (at) gmail.com ********************************* |
Anonymous Coward User ID: 577634 United States 01/06/2009 11:15 AM Report Abusive Post Report Copyright Violation | |
riker User ID: 505009 United States 01/06/2009 11:18 AM Report Abusive Post Report Copyright Violation | Has it occurred to anyone that the problem isn't a fuckin credit crunch, just a bunch of broke indebted Americans with no demand for a house??????? Quoting: Anonymous Coward 577634Ummm, yes. I know. I just had to say it. You shall know the TRUTH, and the TRUTH shall set you free. ********************************* rikerglp (at) gmail.com ********************************* |
Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 12:23 PM Report Abusive Post Report Copyright Violation | Has it occurred to anyone that the problem isn't a fuckin credit crunch, just a bunch of broke indebted Americans with no demand for a house??????? Quoting: rikerUmmm, yes. I know. I just had to say it. It's more than just the broke indebted Americans. Maybe that was the first domino to fall but there's the politicians and special interests that managed to chip away at regulations designed to prevent dangerous lending. It's the companies that over-leveraged, over-borrowed, and over-built in their rush to soak up the American consumers money. It's governments not being prudent and cautious in lending and borrowing. It's a global financial system built to fail and fail in the most epic way. I guess it's just plain greed. We reap what we have sown. My parents lived through the last Great Depression and learned the right way to live within their means. We're in for a great and hard fall. |
Red N. Rawcock User ID: 578217 United States 01/06/2009 12:50 PM Report Abusive Post Report Copyright Violation | I am watching the ensuing hilarity as the investment class pulls out all the stops to save themselves. It's unfolding right in front of us, right out in the open, and they have no shame. You can see it buy paying just the slightest amount of attention. I can't take credit for the following, but I can paraphrase the words of someone else who basically said there are morons walking around wondering what all the fuss is about. You can't make this stuff up. This will be made into a movie someday. |
Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 01:06 PM Report Abusive Post Report Copyright Violation | I am watching the ensuing hilarity as the investment class pulls out all the stops to save themselves. It's unfolding right in front of us, right out in the open, and they have no shame. You can see it buy paying just the slightest amount of attention. Quoting: Red N. Rawcock 578217I can't take credit for the following, but I can paraphrase the words of someone else who basically said there are morons walking around wondering what all the fuss is about. You can't make this stuff up. This will be made into a movie someday. Yeah... kinda like "Bonfire of the Vanities" but with more greed and such. Or the Great Gatsby... |
riker User ID: 505009 United States 01/06/2009 01:27 PM Report Abusive Post Report Copyright Violation | Has it occurred to anyone that the problem isn't a fuckin credit crunch, just a bunch of broke indebted Americans with no demand for a house??????? Quoting: Anonymous Coward 564451Ummm, yes. I know. I just had to say it. It's more than just the broke indebted Americans. Maybe that was the first domino to fall but there's the politicians and special interests that managed to chip away at regulations designed to prevent dangerous lending. It's the companies that over-leveraged, over-borrowed, and over-built in their rush to soak up the American consumers money. It's governments not being prudent and cautious in lending and borrowing. It's a global financial system built to fail and fail in the most epic way. I guess it's just plain greed. We reap what we have sown. My parents lived through the last Great Depression and learned the right way to live within their means. We're in for a great and hard fall. Yes, I didn't mean to exclude corporations, politicians, governments, central banks and fiat currency. However, what I have sown is not what will be left for me. I have NOT lived above my means, I do NOT use credit, I save and then buy cash. I have NO debt, NO payments. But I will still suffer - in my opinion, more by these "bailouts" and the New new deal than the economy itself. You shall know the TRUTH, and the TRUTH shall set you free. ********************************* rikerglp (at) gmail.com ********************************* |
Anonymous Coward (OP) User ID: 564451 United States 01/06/2009 01:46 PM Report Abusive Post Report Copyright Violation | Has it occurred to anyone that the problem isn't a fuckin credit crunch, just a bunch of broke indebted Americans with no demand for a house??????? Quoting: rikerUmmm, yes. I know. I just had to say it. It's more than just the broke indebted Americans. Maybe that was the first domino to fall but there's the politicians and special interests that managed to chip away at regulations designed to prevent dangerous lending. It's the companies that over-leveraged, over-borrowed, and over-built in their rush to soak up the American consumers money. It's governments not being prudent and cautious in lending and borrowing. It's a global financial system built to fail and fail in the most epic way. I guess it's just plain greed. We reap what we have sown. My parents lived through the last Great Depression and learned the right way to live within their means. We're in for a great and hard fall. Yes, I didn't mean to exclude corporations, politicians, governments, central banks and fiat currency. However, what I have sown is not what will be left for me. I have NOT lived above my means, I do NOT use credit, I save and then buy cash. I have NO debt, NO payments. But I will still suffer - in my opinion, more by these "bailouts" and the New new deal than the economy itself. Yeah. I know. I was just doing my "soapbox" thing. My wife and I used to drive through the "nice" part of town. You know the really nice new development where all the massive homes cost well over $800k and had 2 or 3 car garages housing the newest cars. We would look at each other and say "how do they afford these things?". I couldn't get past how the cost of even a modest home was so disproportional to the average salary. It just seemed absurd and yet all the business news shows said everything was just fine. It was insane. My wife and I are doing well compared with most people even though I was jobless for seven months this summer / fall. Thank God we never bought into that whole insane credit frenzy. |
riker User ID: 505009 United States 01/06/2009 02:58 PM Report Abusive Post Report Copyright Violation | Well done OP. I'm glad I learned early and backpeddled out of the mess I had started to make in time! You shall know the TRUTH, and the TRUTH shall set you free. ********************************* rikerglp (at) gmail.com ********************************* |
anonymous User ID: 587275 United States 01/06/2009 03:06 PM Report Abusive Post Report Copyright Violation | houses always sit unsold during winter and in hard regional recessions.....boom bust cycles are commom in house sales from sudden downturns ..equity drops in houses are commom in bust cycles .house prices can stay flat for 7 years in intry level executive homes during that period.. |
riker User ID: 505009 United States 01/06/2009 03:15 PM Report Abusive Post Report Copyright Violation | houses always sit unsold during winter and in hard regional recessions.....boom bust cycles are commom in house sales from sudden downturns ..equity drops in houses are commom in bust cycles .house prices can stay flat for 7 years in intry level executive homes during that period.. Quoting: anonymous 587275shit.... I'm looking at houses now. I could buy a house outright with 25,000 cash in a decent suburban neighborhood at the moment. It's not my dream location but hell to get rid of rent, own my own place, and then work on the dream home is my next step. You wouldn't BELIEVE some of the deals right now! You shall know the TRUTH, and the TRUTH shall set you free. ********************************* rikerglp (at) gmail.com ********************************* |
riker User ID: 505009 United States 01/06/2009 03:33 PM Report Abusive Post Report Copyright Violation | Time to start building log cabins on federal land. Quoting: Anonymous Coward 564451I can honestly say the thought of doing that has gotten stronger by the month. There's the Appalachian mountains to the west that still have plenty of cheap land with water. I have been considering this is in my daydreams lately. Not buying land, building a cabin on "public" land LOL. You shall know the TRUTH, and the TRUTH shall set you free. ********************************* rikerglp (at) gmail.com ********************************* |