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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   45,242 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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162   Jamie   2005 Nov 9, 4:13pm  

Is he? I thought he was a literary author.

163   Jamie   2005 Nov 9, 4:15pm  

"I remember laughing so much watching that movie that I missed a lot of lines."

I'm a sap. I mostly remember crying my way through it.

164   Jamie   2005 Nov 9, 4:15pm  

You went vertical again!

165   Jamie   2005 Nov 9, 4:16pm  

Or was that your, uh, shaft?

166   Jamie   2005 Nov 9, 4:17pm  

LOL, "LUV" You're starting to sound like a teenager girl.

167   Jamie   2005 Nov 9, 4:18pm  

I haven't been watching the movie closely. Wouldn't want to risk Jack's wrath.

168   Jamie   2005 Nov 9, 4:19pm  

Vertical cave part. Now THAT's a new euphemism!

169   Jamie   2005 Nov 9, 4:20pm  

Admit it, we're boring you SQT.

But really, hope you're feeling better soon. Get some rest! Jack also needs rest, don't you, Jack?

170   Jamie   2005 Nov 9, 4:22pm  

Offend whom?

171   Jamie   2005 Nov 9, 4:22pm  

Night SQT!

172   Jamie   2005 Nov 9, 4:25pm  

Oh I just had to scroll way back to figure out what question you were talking about.

173   Jamie   2005 Nov 9, 4:25pm  

Nice, Jack. Very nice. That's all there is, huh? So predictable.

174   Jamie   2005 Nov 9, 4:26pm  

Heh.

175   Jamie   2005 Nov 9, 4:27pm  

LOL, and huh?

176   Jamie   2005 Nov 9, 4:29pm  

Oh noooo the echooooo.

177   Jamie   2005 Nov 9, 4:29pm  

Hitting the bong?

178   Jamie   2005 Nov 9, 4:30pm  

OR an altered state of exhaustion?

179   Jamie   2005 Nov 9, 4:31pm  

Yeah it's one of those nights isn't it?

180   Jamie   2005 Nov 9, 4:32pm  

LOL

181   Jamie   2005 Nov 9, 4:32pm  

I need to stop with the LOL. It's starting to sound way forced.

182   Jamie   2005 Nov 9, 4:33pm  

At least here in Pigalle we don't have to stare in horror at our mistakes before they are published.

183   Jamie   2005 Nov 9, 4:34pm  

Yes, I used to finish all my books after a week or two of sleep deprivation, then staying up all day and night drinking caffeine and by the time I finished I'd be so wired I couldn't sleep no matter what.

Amazingly my last two books I didn't do that.

184   Jamie   2005 Nov 9, 4:36pm  

Pigalle is forgiving that way. And hey, I was just trying to entertain you with the fluff. Sorry if it was a little TOO entertaining.

185   Jamie   2005 Nov 9, 4:36pm  

Were they better? Hmmm. I think everything I write is utter and complete garbage, so I'm probably not the person to ask.

186   Jamie   2005 Nov 9, 4:38pm  

But my editor was pretty complimentary (which is rare) on the first one I wrote without extreme sleep deprivation, and yeah, it's probably better for my having been well rested. it comes out in March. We shall see. Or not. I haven't gotten her feedback on the other one yet. but will soon.

187   Jamie   2005 Nov 9, 4:40pm  

I never look at the top when I'm posting. I actually think that's kind of an odd word. It makes me picture wee little sharp pointy things.

188   Jamie   2005 Nov 9, 4:42pm  

"You ARE the person to ask"

I'm the person to ask what?

I had no idea there were symposiums on trash culture. How interesting. Why was I not invited? :-P

189   Jamie   2005 Nov 9, 4:47pm  

Oh I just meant that I am a mostly un-talented writer. Not anything else by the garbage comment. Yes, I have to know whatever there is to know to write novels.

190   Jamie   2005 Nov 9, 4:49pm  

Ah, of course, anything called a "symposium" would have to take place on a university campus.

191   Jamie   2005 Nov 9, 4:52pm  

Well thanks but it's one thing to be able to write a few sentences, quite another to construct a whole book. It's weird I feel compelled to write novels but part of me wishes no one would read them. Isn't that WEIRD?

192   Jamie   2005 Nov 9, 4:54pm  

Noooooo. I was joking. I do not want to be invited. There are plenty of popular fiction writers in that area, who are not me.

193   Jamie   2005 Nov 9, 4:54pm  

But let's don't talk about ME!

194   Jamie   2005 Nov 9, 5:03pm  

Okay, so it's not weird. OR maybe mutual weirdness, which is cool.

195   Jamie   2005 Nov 9, 5:04pm  

Don't fuck with me.

196   Jamie   2005 Nov 9, 5:04pm  

Heh.

197   Jamie   2005 Nov 9, 5:05pm  

No, really, I doubt you could piss me off.

198   Jamie   2005 Nov 9, 5:05pm  

But that is NOT a dare!

199   Jamie   2005 Nov 9, 5:08pm  

Nothing to be curious about. I don't know what what wrong with me yesterday really. I just felt a lot of bottled up tension for no good reason.

200   Jamie   2005 Nov 9, 5:09pm  

But what? The less I know a person, the nicer I try to be. Isn't everyone that way?

201   Jamie   2005 Nov 9, 5:11pm  

Okay, so...be ruthless.

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