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Social effects of the bubble


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2005 Sep 21, 3:01am   51,094 views  583 comments

by SQT15   ➕follow (0)   💰tip   ignore  

Per Jamie's request

What kind of social impact do you think there has been by the bubble? Are people any different because of the wealth effect? What about the social impact on people who have not bought into the RE market? Do you think what we are seeing is predictable human behavior that will occur again in the next bubble?

Is there a social impact we haven't discussed yet?

#bubbles

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445   Peter P   2005 Oct 3, 8:42am  


>> No, but someone who bought in 1989 and sell in 1995 would probably have lost money.

I seriously, seriously doubt it. Not in Silicon Valley.

Go do some research. Prime locations like Marin county did weather the downturn pretty well. San Jose did not fare so well.

Why do Indians, Chinese, Eastern Europeans come here and become billionaires by starting companies but don’t do the same thing where they’re from?

Because they want to duplicate the environment in their home countries. They will suceed eventually.

446   Jamie   2005 Oct 3, 9:35am  

Over 700 comments! Holy cow.

>

I know people who were upside-down in their peninsula condo (desirable location) for years before they could finally sell. They bought in the 80s during a price peak, wanted to sell in the 90s because the place was too small once they had a child, but they were stuck there for way longer than they wanted while they waited for their place to appreciate. Finally sold in the late 90s.

447   Jamie   2005 Oct 3, 9:36am  

"No, but someone who bought in 1989 and sell in 1995 would probably have lost money.

I seriously, seriously doubt it. Not in Silicon Valley."

Oops, sorry, above is what I was responding to in my last message with:

I know people who were upside-down in their peninsula condo (desirable location) for years before they could finally sell. They bought in the 80s during a price peak, wanted to sell in the 90s because the place was too small once they had a child, but they were stuck there for way longer than they wanted while they waited for their place to appreciate. Finally sold in the late 90s.

448   Peter P   2005 Oct 3, 9:39am  

Over 700 comments! Holy cow.

This thread was your idea, so I guess the most popular thread award should go to you.

BTW, how is your finger?

449   Peter P   2005 Oct 3, 10:22am  

Don’t tell me that a programmer with domain knowledge can’t do algebra.

Perhaps a programmer with real estate business knowledge sees new math that we mere mortals cannot.

450   Jamie   2005 Oct 3, 12:44pm  

"This thread was your idea, so I guess the most popular thread award should go to you."

LOL. If we're handing out awards, then you get the Most Diplomatic Guy On the Internet Award, hands down. :-)

"BTW, how is your finger?"

It's a strange color but much better, thanks.

451   surfer-x   2005 Oct 4, 3:24am  

I still content that there are only 2 to 4 posters on this board.

SactoQT
Peter P
Randy H
Jack
tsusiat
KurtS
Stanman
Prat
H.Z.
Ptiemann
Owneroccupier
ScottC
Schmend Rick
and ....... Surfer-X

Wow, paranoia, nice. Back to your cubicle and the angry chair.

452   surfer-x   2005 Oct 4, 3:59am  

Yes, but as an admin for this site I can assure you that each persons comments come from different IP addresses.

And do you really think that I post only under “Phong nuygen”?

Dude, just plain not cool, good thing you live in San Jose, you belong there. Enjoy your angry chair.

453   surfer-x   2005 Oct 4, 4:00am  

Phong nuygen, odd I didn't know that Adobes IP's were managed by the D.O.D.

454   surfer-x   2005 Oct 4, 4:01am  

So I guess that would make you just a plain liar all around. As stated prior you have yet another badge of pride to parade around in asshole filled San Jose. You Sir are a shining example of your city, were your "SJAHOLE" badge with pride!

455   Peter P   2005 Oct 4, 4:05am  

I still content that there are only 2 to 4 posters on this board.

You can content anything. Do you really think that I care. :)

456   surfer-x   2005 Oct 4, 4:07am  

Do you really think that I care

The pain Peter P, the pain. Here I go thinking you cared. Yet another blow in this cruel cruel world. ;) Is your heart black Sir?

457   brightc   2005 Oct 4, 4:09am  

I wonder if I should find in amusing to see Phuong destroying himself, but that may be too mean (if he's actually one of my colleagues at Adobe). However, now I'm starting to doubt if he's actually one of my colleagues.

If that's still the case, I hope that Adobe will be even more selective in hiring. In most cases, companies are very selective when hiring people out of state, but for locals, they tend to relax their standards.

Just an out-of-topic comment...

458   Peter P   2005 Oct 4, 4:09am  

The pain Peter P, the pain. Here I go thinking you cared. Yet another blow in this cruel cruel world. Is your heart black Sir?

I care about you. I just do not care too much about people like PN and MP.

My heart is purple. (Disclaimer: I do not have a Purple Heart)

459   surfer-x   2005 Oct 4, 4:12am  

brightc, you indeed work for Adobe, Phuong (poo-hong?) does not, he works for a .mil organization, DOD paycheck. He is a liartroll, LT?

Adobe makes great products and I'm sure it's a great company.

460   Peter P   2005 Oct 4, 4:18am  

Adobe makes great products and I’m sure it’s a great company.

It has great employees too. My ex-neighbor works for Adobe and he is one of the nicest guy one can meet.

461   surfer-x   2005 Oct 4, 4:30am  

Peter P, it you're on the console view, check out the spammers hitting the site. Nice.

462   surfer-x   2005 Oct 4, 4:44am  

One thing I've never liked is a liar. Good fucking by asshole, enjoy your Pho, dickhead.

Peter P. Can you delete delete delete?

463   surfer-x   2005 Oct 4, 4:47am  

I am comfortably retired at relatively young age and I do independent contract work for many companies in the bay area because I get bored sitting around the house all day.

Wrong again Troll, your IP is always the same, a DOD contractor, likely Boeing or Lockheed if you're in San Hosebag. You're just another fucking liar who has nothing better to fill their shallow fucking life with. Oh, BTW here's your IP 214.3.118.1 . Perhaps I should send an email to the admin of the site with all your bullshit comments. Dick.

464   surfer-x   2005 Oct 4, 4:53am  

Ok Mr. Estein I paid off all my homes by refinancing ONE of my house in west san jose last year. My ONE mortgage is $2133 a month

One question, $2100 buys about a 200K mortgage, how did you pay off over 2mil worth of property with 200K? Nice, dude, you're not even a good troll Mr. Estein.

465   Peter P   2005 Oct 4, 5:05am  

Peter P. Can you delete delete delete?

Not my thread... need SactoQt's help.

466   surfer-x   2005 Oct 4, 5:06am  

Peter P, pull dickheads IP and do a search, facinating. Why would the guberment what to trouble with us?

There ARE bots out there which the brother of a friend has written for use by NSA, CIA & FBI (and I guess will be used by the proposed Department of Homeboy Defense) for surveillance. The agencies do scan church/religious pages looking for potential nutcases, trends, etc.

the nipr.mil domain is pretty fascinating.

467   surfer-x   2005 Oct 4, 5:09am  

SactoQT, seems we've had big brother spying on us. Pull Phung Nguyen's IP and do a search on it. the nipr.mil domain is spooky/scary/fascinating

468   Peter P   2005 Oct 4, 5:18am  

Why aren’t you in Vegas?

The restaurants are too good. It has been said that I will go broke without gambling.

469   Jamie   2005 Oct 4, 7:08am  

"I still content that there are only 2 to 4 posters on this board."

LMAO! For the record, I am not Peter P. Or MP. Or Fake P. Or Surfer-X. Or anybody else.

Sigh. I did not make Surfer-X's list of regulars. I feel so left out of the cool kids' club. :-P

"the nipr.mil domain is spooky/scary/fascinating"

Isn't it illegal to use .mil domains for anything but official government stuff?

470   surfer-x   2005 Oct 4, 7:34am  

And Jamie!
:)

471   surfer-x   2005 Oct 4, 7:36am  

Isn’t it illegal to use .mil domains for anything but official government stuff?

That's just it, I think we've got us a official guberment troll.

Keywords: Jihad, trigger, enriched uranium, dirty bomb, car bomb, I'm bombed, Allah, white devil, mecca, Muhammed, holy land, Zion, blah blah blah.

472   Peter P   2005 Oct 4, 7:49am  

New keywords: bubble, Fannie, housing crash, bankruptcy, foreclosure

473   brightc   2005 Oct 4, 7:49am  

Phuong Nguyen, you are a terrible liar. I hope you're a realtor(tm) because from your miserable failure to discredit this blog, it shows that the Bay Area real estate bulls (or fools) are getting desperate.

Can we say, backfire, Phuong? :-)

474   brightc   2005 Oct 4, 7:51am  

Phuong, good luck dealing with surfer-x :-)

475   surfer-x   2005 Oct 4, 7:56am  

brightc, poohong is a guberment troll, he/she/it has the nipr.mil IP.

476   surfer-x   2005 Oct 4, 7:58am  

Man, wouldn't it be just peachy if the guberment is sooo worried about the housing bubble that they have their trolls post dribble on this blog? Nice how the guberment troll left when he/she/it was outed.

477   Peter P   2005 Oct 4, 8:02am  

poohong may be a government employee but I doubt he is trolling for the government.

Government trolls are probably smart enough to mask the IP so that it would appear to be coming from Adobe.

478   surfer-x   2005 Oct 4, 8:16am  

Maybe it's just me, but do any others find the need to go to pro-housing (bull) sites and post mindless dribble in a vain attempt to bring them to the bear side?

479   surfer-x   2005 Oct 4, 8:16am  

I just can't understand why trolls like poohong find it necessary to post outright fucking lies trying to make people believe everything is fine, housing only goes up.

480   Jamie   2005 Oct 4, 8:33am  

"That’s just it, I think we’ve got us a official guberment troll"

Or else he's just some bored pencil pusher wasting not only our time but our tax dollars. ;-)

481   Jamie   2005 Oct 4, 8:36am  

"do any others find the need to go to pro-housing (bull) sites and post mindless dribble in a vain attempt to bring them to the bear side? "

Not me. I don't participate in any other online discussions, because in my experience most sites are just full of pissing contests and slack-jawed idiots who can't compose complete sentences, let alone logical arguments. I keep coming back here because it has a much higher concentration of intelligent people than other places on the internet.

482   Jamie   2005 Oct 4, 8:37am  

"Government trolls are probably smart enough to mask the IP so that it would appear to be coming from Adobe. "

LOL, excellent point.

483   Jamie   2005 Oct 4, 8:39am  

"And Jamie!"

Now my life is complete. :-P

484   Peter P   2005 Oct 4, 9:39am  

“I still content that there are only 2 to 4 posters on this board.”

LMAO! For the record, I am not Peter P. Or MP. Or Fake P. Or Surfer-X. Or anybody else.

Jamie, just let him believe what he wants to.

I believe in the Santa Claus. Please do not tell me that he does not exist.

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