As the steroids pump up the muscles, the cheap credit pumps up the bubble.
Take away the cheap credit, the bubble must shrivel like the muscles of a girly boy cut off by his steroid pusher while living too far from the Mexican border.
How far can designer body modification analogies be stretched to explain past economic modifications of all girly boy market interventionists?
As credit is cut off, will girly boy financial geniuses lose their financial powers and be reduced to pumped up wannabes with sand kicked in their faces?
At the end of the “correction”, will the housing market/girly boys be:
10% cheaper/smaller? 20% cheaper/smaller? 30% cheaper/smaller? 40% cheaper/smaller? 50% cheaper/smaller? God help us, even cheaper or smaller than that?
NO, I tell you, this spring prices will be at an all time high and they will PUMP YOU UP UP UP!
True or not? Offended or not?
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FollowBefriend15 threads5,071 comments astrid's websitePremium
Now, how about negotiations?
Randy H already outlined the target for a cheap home - long term homeowner with substantial equity cushion. But how to approach such an individual?
Do any of you ever cruise nice neighborhoods looking for a house you'd like to buy? Do you ever mentally think about the offer you'd make the owner when the time is right?
As for me, I'm curious about anyone's experience in buying foreclosed properties or knowledge about the workings of trust resolution corporations. I think there's a potential for a whole gush of liquidated property at some point in the future when there will be very few buyers, that seems like the best place to pick up a large number of bargain rental properties.
Anyone like this idea? Anyone think it's completely idiotic? Please tell!
FollowBefriend472 comments Idyllwild, CA
You are on a roll today!
Did you guys see this funny, narrated, condo thingy?
FollowBefriend (1)119 threads4,785 comments HARM's website
Yeah someone on Mish's or ben's blog posted the link a while back --pretty hilarious. Hat's off to "Joe Stool" for writing it.
Just added a graphic to Surfer-X's "?????" thread. I think you'll all agree it's very 'X'! :P
FollowBefriend (5)44 threads4,602 comments Los Altos, CAPremium
In fairness, it was DinOR, George, FAB, and perhaps Zephyr (during one of his rare appearances) who outlined the ideal home seller in a down market.
I'd start the thread but I'm not knowledgeable enough in real-estate negotiations to do the subject justice. I'm waiting for more good economic news until I launch my next thread.
but I suspect you’re all about as stymied as I am as to how to move the country forward in a positive direction with the system we have right now.
SQT, not at all stymied. A simple, temporary suspension of the Constitution in order to grant me full and unchallenged authoritarian powers would be certain to move things forward. I'd agree to do this up until (a) I feel my work is done, (b) I get bored (c) someone abruptly ends my reign with cold steel.
All Hail Randolphus Caesar!
Et tu, Astrid?
LOL! No, I can tolerate benevolent dictatorship. I'm no defender of a corrupt and ineffectual Republic.
Feel free to conquer to conquer the People's Republic of Berkeley, so we'll have continued access to patchouli and good bookstores.
FollowBefriend1 threads331 comments
The legions (of housing bubble bloggers) are loyal to you, Randy. We await your word to march on the Marina district!
Although I don't agree with you about Iraq, I commend you for putting yourself at risk for your beliefs.
I'm not sure I would be so generous about the political beliefs of my co-generationals, I know a few hard left people my age and they're very loony. Anti-WTO and Free Momia(sic?) protests don't form themselves :P
My plans are coming together nicely :) I have already formed the broadest coalition since the Bull Moose Party! I may speak softly, but I carry a big blogging stick!
FollowBefriend2 threads2,944 comments Different Sean's website
Now, I pay tax to the US to advance OUR interest as a nation, if you are telling me that by invading Iraq we will collectively get enough cheap oil that will last another 200 years, I am all for it. Or if Saddam Hussein is doing something that is jeopardizing my lifestyle in THIS country, then I am all for taking him out.
That's exactly what the Roman citizens were saying as they sacked Gaul or Germany as their only source of new wealth and 'economic growth'...
Everyone did that for a time, and it lead to 3 centuries of constant European warfare, culminating in WWI and WWII, so if you want to be the first to get back in on the 'competitive colonialism' act all over again, it will at first be censured by the UN, and you may even end up at war, not with the little 3rd world countries you bully, but with the EU, Russia or China themselves. Or else the entire middle east, in an escalation similar to what we are seeing in Iran. That's why unilateral invasions against other countries' recognised sovereign rights are generally frowned upon these days. The Roman Empire collapsed because of barbarian resentment and learning the military tricks of the invader, so watch out - things are already a quagmire in Iraq.
As Dubya tried to say, 'fool me once, shame on you, fool me twice, shame on me', except he couldn't remember the saying due to alchohol poisoning. Probably no worse than Reagan, that other Republican puppet. (US = late Roman Empire decadence?) So attempting to take Iran on pretexts wold be fooling us twice. However, Iran is 4x larger with 4x the population of Iraq, so I think military strikes on strategic sites are more likely than an attempted invasion - altho what happens if you use missiles on sites which are beng used to enrich uranium?
Further, if it's OK for the US to take colonial conquests, then it's OK for every other larger, technological power to start doing it as well, so where would that process end? (Interestingly, the US-UK axis of invasion agrees well with Orwell's 1984 construction of 'Oceania' as one of the superpowers.)
I think they're going slow in Iran because they realise it's not so easy to invade a country 4x larger, and they can't conjure up enough of a pretext a second time without arousing a lot of suspicion. If it was more Iraq-sized, I think they might be more tempted to have a go though. Just depends on whose oil contracts they're upsetting, as well...
Iran are engaging in absolute brinksmanship, by switching to the Euro and enriching uranium simultaneously - they should probably harry the US only one way at a time... Meanwhile, Condi Rice continues to keep a straight face as she lies through her back teeth about everything... sometimes you can only just tell when she's lying...
Huh? I know this is a stealthy way for us to focus on your income, but I just can't resist.
What's the big deal? My boyfriend makes more than that a year thru CC rebates and zero percent balance transfers. And he doesn't make 1 Ha Ha a year.
FollowBefriend23 threads2,038 comments surfer-x's website
HaHa, dude, get the mother fuck over it, your income is not normal. 160K is a very high income, even in the shithole bay area. Get over, no one fucking cares how much you make, nobody.
Did you guys see this funny, narrated, condo thingy?
Talk about selling the sizzle and not the sausage...
Those places look identical to the latest rash in Sydney, for about the same price.. but they never do fashion shows, serve drinks or need a DJ to sell them... probably fewer crack hos and homeless milling around outside too...
Actually if the US = Roman Empire, maybe Randy = Messiah!!?? 80
Mandy (Randy's mom): He's not the Messiah, he's a very naughty boy!
Randy: Look, you've got it all wrong! You don't NEED to follow ME, You don't NEED to follow ANYBODY! You've got to think for yourselves! You're ALL individuals!
The Crowd: Yes! We're all individuals!
Randy: You're all different!
The Crowd: Yes, we are all different!
yeah, talk more like Surfer-X, astrid - HaHa loves it when hot girls talk dirty to him in cyber... you should IM him and swear at him and threaten to paddle his bottom for being a bad boy! you know he wants it... :P
I still don't get your point. 5% and even periodic 10% rebate CC offers have been around for a while, and even a measily $30-40K of zero percent balance transfer offers in money market can now yield over $1000 a yr.
With a decent credit history, someone making .3-.5 ha has can easily get enough offers to throw off $1K after tax a year.
I'm not jealous, I just really don't see the fuss.
Well then! SFWoman is the best person to ask about such services. I'm sure a man making Ha Has can afford to help out some ladies with ARMs.
HaHa, dude, get the mother fuck over it, your income is not normal. [smack] :x Yes, matron...
$160K is a very high income, even in the shithole bay area. [smack] :x Sorry, matron...
Get over it, no one fucking cares how much you make, nobody. [smack] I won't do it again matron :cry: (swe-e-e-et) 8)
Talk like Surfer-X!
Astrid...you're never this quiet.
FollowBefriend3 threads310 comments tsusiat's website
playing Bball with the kids all day, just read your post and LOVED the artwork.
Take a bow! My SNL spoof talk nowhere near your photoshop rip job, ja.
:) DS makes a much better rent-boy/top than me.
Also, I don't cheat on my boyfriend, except in hypothetical situations involving a Jake Gyllenhaal movie.
Not Jake again!
Sit newsfreak in front of CNN for 15 minutes, that should do it.
I would say George Clooney, but that would be waaaaay too predictable.
Americans suck ass and are generally stupid fucking pigs that fill their empty shallow lives with trips to the strip mall! I fucking hate hippies, personally I think they should have their hair forcibly washed and their bongs broken! Dude, I’ve licked so many boots and kissed so much ass to get to where I am at it sickens me.Yeah fucker, I bet you’re really stressed out making 160 fucking K a year!
How was that for ya?
Or for some Asian flair, how about Takeshi Kaneshiro?
You've really captured the essence of Surfer X, but maybe with a little more random punctuation marks thrown in.
We really don’t want a heavy footprint in Afghanistan. For one thing, we just don’t need much of our military resources in Afghanistan — we don’t need tanks, or B-2 bombers, for example, becuase the Taliban terrorists don’t have an air force or an army, and the place is nothing but mountains and caves, there are no targets there to bomb.
You're just wrong. Did you know there are a couple thousand Canadians in Kandahar right now fighting ex-Taliban because OBL is still on the loose along with Mullah Omar?
Believe me, the US has dropped plenty of bombs and it was highly effective when the Northern Front was preparing to advance on Kabul, and what do you know, it worked!
And I think the Soviets dropped a few bombs back in the 80s.
The US should have finished business in Afghanistan, stayed out of Iraq and you would be in a position now to teach Iran a lesson.
"President Bush believes that all people yearn for freedom."
This, precisely, is the problem.
Not everyone in the world wishes to be Americans and almost no one in the Arab world does.
You started a war, hoping to transform a region that is perfectly happy to be a theocracy and has in fact been a theocracy for 1300 years.
All you have done is stirred up a hornets nest. It is amusing to me to see you claiming that the insurgency is not growing, that the Iraqis are embracing democracy, that the Iraq War has not lowered US opinion worldwide, etc, when it is obvious to even the casual observer that the opposite is true. But I guess when you emotionally, not intellectually, wedded to an idea, no amount of evidence can reason you out of it.
I disagree that it is a waste of time to discuss things like this. A vast majority of Americans supported this war three years ago and now a vast majority are opposed. Obviously something changed their minds.
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