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Why do people deny the existence of housing bubbles?

By Peter P   Follow   Sat, 16 Jul 2005, 5:29pm   3,129 views   84 comments
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Some people deny that housing bubbles exist. Some even suggest that the recent appreciation is sustainable.

Are the consequences too scary to fathom? Are they just blinded by greed and fear? Do they even have the right information?

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1. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   45   8:21pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Jack In some way's I'm always on your side. I certainly respect you.

2. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   46   8:40pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I didn't know it was going to be fairy tale night on the blog. I wish I had known, I could've asked HARM for pointers and everything. Damn.

3. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   47   8:46pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I NEVER NEVER believe braggarts. If Marinara is God's gift at 28, why's he here with all us "losers" on a Saturday night. Where are all the women panting to get their hands on his "prime real estate?"

4. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   48   8:49pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   And no, no matter what answer Marinara gives to that question, I won't buy it either. No credibility.

5. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   49   8:57pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I guess he'll have to rent a good night's sleep.

6. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   50   9:08pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Night Astrid Fun having you along tonight.

7. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   51   9:09pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I thought ALWAYS ON TRANSMIT was TWIT.

8. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   52   9:11pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Jack Only one beer. You're probably a couple of six packs behind Marinara. Have I been feeding the Trolls? All that negative attention, I know. I should know better.

9. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

   53   9:15pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Jack I hear ya. Fog obscures everything. Even one's thinking apparently.

10. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    54   9:23pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   AC on all day. Still hotter than hades. You know, I never thought I'd say this. But I'm really looking forward to Surfer-X's response to tonights blog. It should be really interesting.

11. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    55   9:24pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Astrid was right, things have slowed down a bit. Did TWIT check out too?

12. praetorian Follow Befriend 2 threads 362 comments

    56   9:25pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Just an observation: the notion that someone who writes at the level that MP does can own a home at 28 without massive parental (and possibly governmental) intervention is, like, preposterous or something. And I say this as a 28 year old. Seriously. Like, Oh My Gah, Cheers, prat

13. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    57   9:28pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Prat I've been saying all night that mummy and daddy must be involved. So far no rebuttals to that effect. But would anyone believe Marinara anyway?

14. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    58   9:29pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   That is, if one believes there is an iota of truth in Marinara's ravings, the only explaination is mummy and daddy.

15. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    59   9:30pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I LOVE Surfer-X’s posts! I'm learning to appreciate the finer points of Surfer-X's rants.

16. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    60   9:33pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I am sitting here, hoping that HARM is working on a new fable to include the dearly deluded Marinara. If not, I'll have to brush off my story telling technique, but I think I could do it as well. I mean, what do I cast him as? Pinocchio?

17. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    61   9:35pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I remember a really terriffic reply you had to one of Surfer-X's rants that went a tad too far. I really thought you had a good grasp of how to speak his *language*. ;)

18. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    62   9:36pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike   Oops. I meant to say I DON"T think I could do the story as well as HARM.

19. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    63   9:37pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike   Not sure at all. But the ego seems to be male. I mean women definately don't have the need to compensate that men sometimes do. And boy, is this guy (I thinkk) compensating for something.

20. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    64   9:42pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike   Outside of school, I’m a totally unhealthy recluse! I'm so surprised. (really) You seem like a people person to me.

21. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    65   9:44pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike   Jack Do you think we should hang it up for the night. We seem to be way off topic and I'm not sure anyone else is around. It's fun talking to you, but this is a slow way to do it.

22. praetorian Follow Befriend 2 threads 362 comments

    66   9:44pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike   "But would anyone believe Marinara anyway?" Yeah. Particularly in this thread, the writing has become so absurdly poor that it simply becomes implausible. In any event, g'night. Golf tomorrow. _mr burns voice_: excellent Cheers, prat

23. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    67   9:47pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike   As surfer-X would say. Bazzzactly.

24. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    68   9:50pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   Night Jack.

25. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    69   11:40pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I don't know. Marinara has quite a bit of free time for an investment banker... oh well. Need another thread again.

26. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    70   11:45pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   You can disagree with me all you want. You can’t be all bad if you actually LIKE exposed concrete, metal and glass! My wife wants a normal house though. We may need to do half and half. :) Imagine a house that looks like a craftman from the northern elevation and a post-modern blob of concrete and steel from the southern elevation... interesting, no?

27. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    71   11:52pm Sat 16 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I just cruised craigslist, I like to look and see what the rental market is doing. It seems like there are a lot of condo's appearing for rent these days. Naturally the rents being asked for are rather high, as the speculator/owners have obviously paid too much. I wonder how long they'll be able to hold out before they have to start dropping rents.

28. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    72   12:09am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   I wonder how long they’ll be able to hold out before they have to start dropping rents. Not very long. A few months at most. :) It is a weird market because the fundamental demand of housing (as consumption) is not very strong. SactoQt, have you tried housingmaps.com?

29. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    73   12:12am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike   SactoQt, have you tried housingmaps.com? No I haven't, but I'll be sure to look at it now. I noticed you put up a new post. But I'm still a student of topics like inflation vs. deflation. Are there any good sites that give a good explaination of the difference and how the housing market and oil prices affect them.

30. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    74   12:20am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   SactoQt, we are all students of the subject. :) The argument about inflation or deflation is almost as heated as the one about whether there is a housing bubble. This url has some interesting arguments http://tinyurl.com/cuxuk but we need to use our own judgement, as usual. Please do suggest idea for posts through, we can have several active threads at the same time.

31. SQT15 Follow Befriend 25 threads 1,690 comments SQT15's website

    75   12:22am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike   Thanks Peter, as always.

32. HARM Follow Befriend (1) 119 threads 4,785 comments HARM's website

    76   3:34am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike   Good God. Leave this blog for one day and look what happens! Unreal.... Just got home & just checked in for the heck of it. Ended up spending 30 mins just to read/absorb it all. Let's see if I got it all: --Brand-new thread gets 200+ posts in under 5 hours (TWIT's right --gotta be a new Patrick.net record). --Insulting, arrogant braggart called "MarinaPrime" takes over Face Reality's old job (Actually that's not fair to Face --he often used facts and reasoning to support his arguments. He/she/it is less coherent than Face was at his WORST). --MP manages to insult/attack/alienate virtually everyone on the blog, including JACK, who's now DEFENDING THE POSSE !! ...Wow. --MP earns TWO nicknames in less than an hour ("Marinara" and "Sauce" --btw, nice one Jack!) --Jack & the Posse "speculate" on the identity/gender of MP, pretty much rule out Face or Fake P, then wonder if it's ME posing as an Alpha-Bull. (Sorry to disappoint, folks, but no. Not a bad idea, though... hmmm... file that one under Future Consideration). --Surfer-X is a total no-show, at precisely the time when his acid rhetoric/put-downs are most needed (to bitch-slap MP). --Peter ends the night by starting two more threads. Wow, quite a night here in BubbleblogLand. Can't wait to see what happens tomorrow. C'ya!

33. HARM Follow Befriend (1) 119 threads 4,785 comments HARM's website

    77   3:49am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike   Correction --Surfer-X got in one brief swipe at Sauce on the other thread (still reading).

34. KDLady Follow Befriend 37 comments

    78   10:18am Sun 17 Jul 2005   Share   Quote   Permalink   Like   Dislike   ha,ha bitch-slap LOL - Where's Surfer when we need him?

35. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

    79   12:48am Mon 18 Jul 2005   Share   Quote   Permalink   Like   Dislike (1)   People that deny bubbles either (1) Own property and bubble reality hurts to much to think about, (2) Never seen or have been affected by a major buuble, (3) The old “people have been saying this for 30 years” argument. I think (3) is quite understandable. However, talking about the bubble does not prevent its occurance. (Unlike the Y2K problam - focused efforts prevented the problem.)

36. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    80   8:26am Tue 19 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   Peter P says Why do people deny the existence of housing bubbles? People those deny are the couch potatoes - relaxing on their butts and calculating(dreaming!) 20% YOY home price appreciation. This is completely against basic laws of economics,making money while doing nothing.

37. Serpentor Follow Befriend 7 threads 438 comments

    81   10:43am Wed 20 Jun 2012   Share   Quote   Permalink   Like   Dislike   holy old thread resurrection

38. Dan8267 Follow Befriend (16) 764 threads 7,709 comments Boca Raton, FL Premium

    82   11:00am Wed 20 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   It's not that they don't believe the bubble is real. It's that they think they can convince a fool that it isn't and get the fool to pay much more for their house than its worth. When money is on the line, the truth goes out the window.

39. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 171 threads 4,208 comments Premium

    83   11:13am Wed 20 Jun 2012   Share   Quote   Permalink   Like (3)   Dislike   It's all that's left Pensions have been looted The stock markets are scams run by the same old scammers All the jobs are in China Any that come back can't pay enough to keep up on the interests on household debt The RNC is a front for industrialists that want to turn the states into a feudal theocracy. The DNC is a front for Wall Street interests who want to finish raping, burning and pillaging the domestic economy and send the world into catastrophic financial ruin You got Jesus and the hope you can ride a bubble and sell off a house to the next generation for 10x what you paid for it, cash out and retire in Guatamala It's a belief system for a people with nothing left to believe in

40. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    84   11:43am Wed 20 Jun 2012   Share   Quote   Permalink   Like   Dislike   God Bless America.

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