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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   45,068 views  442 comments

by Peter P   ➕follow (2)   💰tip   ignore  

I suspect the Fed is behind much of the stories about reconsidering mortgage interest deduction. (If they were really serious about it, they would stop deductions on interest for second (and third…) homes. I think this is basically a made up story, trying to inject a little caution into potential homebuyers who have trouble reading the writing on the wall.

By EBR

#housing

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323   Jamie   2005 Nov 13, 1:19pm  

Actually I have a group of writer friends I'm on a Yahoo email loop with, and we do manage to replicate pretty much the rapid fire conversations we have here on the thread, only maybe a wee bit slower. Occasionally Yahoo screws up and sends posts out of order or gets slow, but it doesn't happen too often. Trust me, I manage to waste plenty of time on that email list.

324   Jamie   2005 Nov 13, 1:20pm  

Also if start a Yahoo list, they come with chat rooms, so if we really needed to all be talking at once we could use the chat room.

325   Jamie   2005 Nov 13, 1:21pm  

The posts are kept in an archive, so Peter P could lurk by just reading the posts on the website without answering them, I suppose.

326   Jamie   2005 Nov 13, 1:22pm  

No, I don't have it.

327   Jamie   2005 Nov 13, 1:23pm  

I'm not a threadmaster. I was too dumb to figure out how to register and somehow never got a password.

328   Jamie   2005 Nov 13, 1:25pm  

I thought this is the cruelest month.

329   Jamie   2005 Nov 13, 1:26pm  

Oh were you talking about threadmaster on my blog? No, Blogger does not give me access to the email addresses of people who post on my blog unless they are registered users. Or if they do i haven't figured it out.

330   Jamie   2005 Nov 13, 1:31pm  

I saw that moon but didn't think of a connection...could be. it was one of those painted sky nights in the desert tonight, with a moon hanging over it all.

331   Jamie   2005 Nov 13, 1:33pm  

See and now you're not posting!

332   Jamie   2005 Nov 13, 1:35pm  

So you had to go legit and participate in the main thread this weekend. Heh.

333   Jamie   2005 Nov 13, 1:36pm  

"I am only pausiing…. LOL"

What the hell else do you think I'm doing besides pausing or typing a post?!

334   Jamie   2005 Nov 13, 1:38pm  

No, not at all. I just think it's crazy that we're all hanging out on the housing blog talking about everythign but housing bubbles.

335   Jamie   2005 Nov 13, 1:38pm  

"And give him shit I did."

You did a fine job. You made us all proud.

336   Jamie   2005 Nov 13, 1:40pm  

Actually I had the Yahoo email list idea months ago when somebody first mentioned that this was not such a great format for the way we all chat on this blog. These kinds of discussions are really better suited for email lists and message boards.

337   Jamie   2005 Nov 13, 1:41pm  

Well the tortured poetry was the breaking point for me, actaully, LOL.

338   Jamie   2005 Nov 13, 1:42pm  

crap i can't spell anymore and i think i'll just give up on caps and punctuation too.

339   Jamie   2005 Nov 13, 1:43pm  

i will have to dart at some point btw, but not at the moment.

340   Jamie   2005 Nov 13, 1:43pm  

I did like it.

341   Jamie   2005 Nov 13, 1:44pm  

No comment.

342   Jamie   2005 Nov 13, 1:46pm  

Huh?

343   Jamie   2005 Nov 13, 1:47pm  

Ahem.

344   Jamie   2005 Nov 13, 1:47pm  

I'm not darting.

345   Jamie   2005 Nov 13, 1:49pm  

I am here! Damn it!

346   Jamie   2005 Nov 13, 1:51pm  

I just meant I have stuff to do and will have to go in a little while. No big mystery, was just mentioning it.

347   Jamie   2005 Nov 13, 1:52pm  

The whole zombie thing is the sort of thing that should be discussed via email.

348   Jamie   2005 Nov 13, 1:53pm  

San Diego was very nice indeed.

349   Jamie   2005 Nov 13, 1:55pm  

So how's that housing bubble thing going?

350   Jamie   2005 Nov 13, 1:56pm  

It's hard to get past LA. The incessant traffic. It's like a big barrier dividing the state. Lucky 15 is not so trafficy so we could just go down in about 3 hours or 3.5, no big deal.

351   Jamie   2005 Nov 13, 1:58pm  

I haven't been sleeping much, I am walking dead.

352   Jamie   2005 Nov 13, 1:59pm  

Trying out the poem? You mean trying to live it or something? I will have to get a whole different life, and a gender change, and... LOL.

353   Jamie   2005 Nov 13, 2:00pm  

Robert Palmer music should indeed be hard to admit to!

354   Jamie   2005 Nov 13, 2:01pm  

Ah, coffee spoons, I get it.

355   Jamie   2005 Nov 13, 2:01pm  

Unlike SurferX I am actually a huge fan of certain 70s music. He's got it all wrong--music has been sucking more and more since then.

356   Jamie   2005 Nov 13, 2:02pm  

Well okay. I guess that's forgiveable.

357   Jamie   2005 Nov 13, 2:04pm  

SQT and newsfreak and anyone else lurking here in the basement needs to weigh in on the email list idea too. Peter P seems to deny the existance of a thread bubble, so I guess that makes him a "no" vote.

358   Jamie   2005 Nov 13, 2:05pm  

Was? Was a fan? How could she not still be? LOL, I guess Prince hasn't made any music in a while, but I don't tire of his old stuff.

359   Jamie   2005 Nov 13, 2:06pm  

Or maybe he has made music and I havne't noticed. I am a little out of tuch wiht current music.

360   Jamie   2005 Nov 13, 2:07pm  

Must have been nice to spend a decade raging on art. Did you always want to be an artist? Like from the time you were young? When did you figure out that's what you were?

361   Jamie   2005 Nov 13, 2:07pm  

Leave it where? Under your pillow? On the curb?

362   Jamie   2005 Nov 13, 2:08pm  

In a house? On a train? In a tree? Oops, sorry, lapsed into Dr Seuss Green Eggs and Ham.

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