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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   44,932 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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60   SJ_jim   2005 Nov 5, 5:04am  

161 comments? What is that?

Hmmm...shameful?

61   Jamie   2005 Nov 5, 12:07pm  

"Well at least you guys nicely transitioned from Huh to Sphuh…I was fading fast when that was occurring."

Yeah, what's up with that, SJ Jim? Is this because of the illness? Or because you feel like you should like, have a social life outside your computer or something? Getting too good for us shed dwellers?

What do you want to bet Jack is in his shed tonight with the walking stick?

62   Jamie   2005 Nov 5, 12:07pm  

Er, I meant talking stick. Maybe he's walking the talking stick.

63   Jamie   2005 Nov 5, 12:12pm  

'Perhaps we have to get over nostalgia for the “Best thread ever” before we can see what this new thread can even be. Its like starting a new painting. At first it feels sterile, or disconnected, or artificial comared to the one you were so immersed in just before"

Okay, okay. I'll buy that.

So is this like performance art? Or is it some new art form? A fusion of words and bytes and human interaction? An internet installation piece?

64   Jamie   2005 Nov 5, 1:27pm  

Jack and his rantings and ravings...

65   Jamie   2005 Nov 5, 1:29pm  

At some point, it seems to me, the freakish number of posts Huh could take on will serve as a draw to onlookers. Like a train wreck, and they'll be willing to wait for the reload just to see what all the hubbub is about. I prefer a bit more anonymity.

But, since Huh hasn't died yet...

66   Jamie   2005 Nov 5, 1:30pm  

I do like that idea of unreachability though...

67   Jamie   2005 Nov 5, 1:34pm  

"I like the level of sheer PAIN involved in posting, and how it might transform and or “fuse” with the experience of trying to communicate in this context?"

You're a masochist, aren't you?

"“Huh?” as “Shed”? "

Do you really want all that Sphuh in your shed?

68   Jamie   2005 Nov 5, 1:36pm  

So is your shed wired yet? Are you actually participating in the Huh-as-shed thread FROM the shed?

69   Jamie   2005 Nov 5, 1:54pm  

Behave yourself over there on my writing blog!

70   Jamie   2005 Nov 5, 1:56pm  

Doesn't this thread feel kind of musty or something?

Or dank. I love that word, dank.

71   Jamie   2005 Nov 5, 1:57pm  

LOL, I can always DELETE you. Oh the power of running a blog.

72   Jamie   2005 Nov 5, 1:57pm  

Just joking.

73   Jamie   2005 Nov 5, 1:59pm  

Oh, so my poor pitiful no-one comments blog needs my friends to "create interest?" LOL, I should just turn off the comments option. It's sad really, how few people actually comment. And they're all people who know me.

74   Jamie   2005 Nov 5, 2:04pm  

I'm such a dummy, I registered for this site back when HARM put out a call for everyone to post a thread, but then I forgot I was supposed to ask for a password, I guess? So I can't log on. Well, I can never think of serious thread topics anyway. I'd just want to post something like "If you're going to park your wad somewhere, where would you park it?"

75   Jamie   2005 Nov 5, 2:05pm  

I think my mom reads my blog, and my husband does, but much of my family has only just discovered the internet and is still marveling over Ebay, and instant messaging, and stuff. They have not discovered blogs.

76   Jamie   2005 Nov 5, 2:05pm  

Forgot to say, hi SQT!

77   Jamie   2005 Nov 5, 2:07pm  

I started a family blog and no one visits it, LOL.

78   Jamie   2005 Nov 5, 2:08pm  

Just be careful not to shoot your wad on the wrong, um, investment...Property.

79   Jamie   2005 Nov 5, 2:09pm  

But it's okay, Jack, you should not feel inhibited from posting to my blog--just don't do any pity postings. That's just...humiliating. LOL.

80   Jamie   2005 Nov 5, 2:11pm  

Yeah, I hear you SQT. When we first moved to Germany, my husband deployed to Bosnia, and no one ever freaking called! I guess they figured the occasional email was enough.

81   Jamie   2005 Nov 5, 2:12pm  

I was joking, Jack. Really. I replied to you a little while ago and made a goat joke.

82   Jamie   2005 Nov 5, 2:13pm  

You are welcome to post there, SQT! I did write a few writing articles in the past month or so that are posted there. But if you post on old theads there, I likely won't notice...blogger is supposed to notify me when there's a new post but it never does. So I only ever look at the latest threads.

83   Jamie   2005 Nov 5, 2:15pm  

I think people just couldn't figure out the time zone thing.

84   Jamie   2005 Nov 5, 2:15pm  

If it weren't for WTF, I'd never say anything at all.

85   Jamie   2005 Nov 5, 2:17pm  

"So I guess I have now posted on a total of TWO blogs. "

Didn't you post on Surfer X's blog? We should go troll him.

86   Jamie   2005 Nov 5, 2:18pm  

Except now surely isn't a good time to be smart-ass trolls, if the poor cat is still missing.

87   Jamie   2005 Nov 5, 2:22pm  

I just checked--no new posts there.

88   Jamie   2005 Nov 5, 2:23pm  

If there is an option of posting as Anonymous, that's the only trick to posting without having to register.

89   Jamie   2005 Nov 5, 2:24pm  

But I think blog owners have the option of allowing only registered users to post.

90   Jamie   2005 Nov 5, 2:25pm  

I'm off to watch Seven Samurai. It has subtitles so I can't blog and watch. Good night!

91   SJ_jim   2005 Nov 5, 4:20pm  

Wholly cow this thread took off today. See what happens when I leave the house.... Well I'm actually going to go back & read all the nights posts...for better or worse. Looks like a lot of 1:1 btwn SQT & Jack. I should make it to the bottom in about 20 minutes but it looks like noone's here now LOL.

92   SJ_jim   2005 Nov 5, 4:45pm  

You also have to find a way to maintain the excitement long enough to finish what you started. Now that’s the hard part
.
.
.
Need to limber the fingers up.

To bad this isn't the Huh?-thread...oh the fun that' could've been had!

Nice discussions on art/writing. It's good exposure...my mind's stuck with tech/science too much. I'd like to see Jamie's blog, too. I've also tried to register just for posting to the blogspot blogs & found that it wanted me to create my own blog site.

SQT, I know you won't read this tonight, but I noticed you mention fantasy novels, and that you're writing something fantasy-detective hybrid. Sound good! Did you ever read Stephen R. Donaldson? I like reading his books when I was a kid (along with the usual tolkien, and some others I can't remeber). More recently, I've read a lot of Neil Stephenson. Ever read anything by him?

93   SJ_jim   2005 Nov 5, 4:46pm  

Oops that NeAl Stephenson.

94   SJ_jim   2005 Nov 5, 5:13pm  

SQT, regarding Stephenson. Probably more male-oriented...but IMO his best book is Cryptonomicon which is sort of sci-fi computer-geek type stuff...not exactly sci-fi...it's something that could take place today (or more likely ~1999 at peak of dot.bomb). It also is neat in that it switches back & forth between stories taking place "today" and during WWII, with the characters in the "today" story being related to thos in the WWII story.

His recent work...which I'm just now finishing, is a trio of 800-900 page books that are very hard reading. I don't know if they're just not that good, or if I'm too mentally lazy to read them. The story *should* be interesting...at least it's about interesting things. It takes place in ~1600's & has character's such as Isaac Newton and Willhelm Leibniz in it. It's about many things...including the beginnings of currency and world trade (think "dutch east-india trading company", etc.). Mostly the books focus on behind the scenes players that manipulate the kings, queens, dukes & duchesses...including one particularly powerful character...a women who's economic prowess & market manipulation skills are way ahead of her time. Well, something to look for.
Didn't I read once that you liked the John Sandford "prey" novels?

95   SJ_jim   2005 Nov 5, 5:17pm  

hmmmm...let's see... how about Marion Zimmer Bradley...Mists of Avalaon. Wow I can't believe I remember that.

96   SJ_jim   2005 Nov 5, 8:12pm  

Jamie Says:

Yeah, what’s up with that, SJ Jim? Is this because of the illness? Or because you feel like you should like, have a social life outside your computer or something? Getting too good for us shed dwellers?

Oops, almost forgot! Answers in order:
I don't know; to some extent; that's debatable; definitely not.
Well, another factor is the ongoing recovery from a 3rd saga w/my ex-fiance (disengaged 18 months ago). Funny thing is, I can't tell if I read this blog more when I'm anxiety-ridden or more when I'm not...but there is definitely some sort of correlation. Yeah, I think I should go to bed now :)

97   Jamie   2005 Nov 6, 12:41am  

"Thanks for the encouragement. I’m not sure how good it is. But I figure if I can just get in the habit of writing something, maybe I’ll develop a flow or sort of figure it out as I go along. It’s harder than you’d think it would be, so I’m still sort of just limping along. "

SQT, even getting a few pages a day done is great! You have a two-year-old at home with you, and another child too! Having a contract deadline makes all the difference in my productivity. I can only get so much done at night and during naps, so my daughter also goes to preschool for 3 hours a day so that I have some uninterrupted work time (she doesn't nap consistently so I can't rely on that for work time). If it weren't for preschool, I'd be lucky to get a few pages a day done.

And trust me, I don't get 10 pages a day done unless I'm in the groove with a work in progress. Getting started is soooo hard, and there are days when I write very slowly while trying to get to know the characters.

I just give myself permission to write crap, because like Jack said, 90% of the inspiration is in revisions. Or something like that. I figure I can always fix it later, and many times what I think is crap turns out to be fine later when I re-read it.

You have to find the pace that's right for you, not anyone else. I know full-time writers who only get a few pages a day done.

98   Jamie   2005 Nov 6, 12:51am  

"I get drained just teaching alot of times."

I was a student teacher for one semester and found it to be the most draining thing I've ever done. But I'm very introverted and interacting with other people drains me--so interacting with over a hundred kids a day left me nearly comatose at the end of the day.

It's great that you can be both an instructor and a painter, Jack.

99   Jamie   2005 Nov 6, 12:54am  

Wow, you guys were chatty last night. I missed an interesting conversation! And now it's taking way too long trying to read through it!

I fell asleep watching Seven Samurai, damn it. It was a good movie--I was just too tired. Yes, it's a classic Japanese film. It's not really a fight movie, more of an epic or something. It was the inspiration for The Magnificent Seven (?), I think.

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