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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   45,344 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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205   Jamie   2005 Nov 9, 5:16pm  

Okay, my last comment was beyond stupid.

And RE fading fast, I just sense it. It isn't any one comment.

206   Jamie   2005 Nov 9, 5:17pm  

HUh? I didn't notice you misunderstand anything. Look now we're misunderstanding our misunderstandings.

And I have measured out my life with coffee spoons!

207   Jamie   2005 Nov 9, 5:18pm  

Good night, poet laureate.

208   Jamie   2005 Nov 9, 5:19pm  

Huh?

209   Jamie   2005 Nov 9, 5:22pm  

What was the power of suggestion?

210   Jamie   2005 Nov 9, 5:24pm  

He's not going to help you now...

211   Jamie   2005 Nov 9, 5:26pm  

Oh, okay. But seriously. Go to bed. Ciao. :-) No really! Ciao!

212   Jamie   2005 Nov 9, 5:27pm  

What has gotten into me? I"m too tired to think of a good answer for that. Night.

213   Jamie   2005 Nov 9, 11:27pm  

Yes Pigalle is a welcoming and cozy place now. Many of the pickpockets are gone, but the sleaze remains.

214   Jamie   2005 Nov 9, 11:29pm  

The buttcrack of dawn: when my daughter stands up in her crib and yells "The suns is up! The suns is up!"

215   Jamie   2005 Nov 9, 11:31pm  

Hi newsfreak!

216   Jamie   2005 Nov 9, 11:32pm  

I thought Prufrock might inspire you in the house hunting process.

217   Jamie   2005 Nov 9, 11:34pm  

Light particles. I've got an answer for that one.

Sorry your house hunting has hit snags.

218   Jamie   2005 Nov 9, 11:35pm  

Have a good day. I'm off to make breakfast and stuff.

219   Jamie   2005 Nov 10, 5:42am  

Yes, now that we're calling it Pigalle, this place makes a nice little thread. I'm thinking Prick is the new Huh.

I'll be around this afternoon/evening, but tomorrow we're taking off on our trip (a day delayed) and will be gone all weekend. I'm past due to bust outta this joint (my house, I mean) and go see some actual civilization. If San Diego can be called that. Need to go feel the wind in my hair, the bugs hitting the windshield, the toddler kicking my seat... It'll be like that trip through the desert in Fear and Loathing In Las Vegas, only without the drugs.

Still, the void is mocking me, and I must go fill it with some words. Later my peeps.

220   Jamie   2005 Nov 10, 5:45am  

"As it is, the worst stains are in the master bedroom (I don’t even want to THINK about how they got there) and I have them covered up."

Hmmmm.... An unfortunate goat play incident? A can opener malfunction gone very very wrong? Strange animal sacrifice rituals? Oh, wait, you said you DON'T want to think about it. Sorry.

221   Jamie   2005 Nov 10, 7:57am  

Oh, the echo in here. More curtains, more curtains!

222   Jamie   2005 Nov 10, 7:59am  

"I am not much of a Heliose"

It took me a long while to figure out this was a typo, and I just sat puzzling over it. Heliose. Heliose. It sounds space age, or geometric, but I couldn't place it.

223   Jamie   2005 Nov 10, 8:02am  

" have a meeting with RITUAL, THE ABSCENCE OF LIGHT, MYSTERY AND DEATH!"

How's that going for you there? When you meet DEATH face to face, do you live to tell the tale?

And you must have been joking about me being an example of health and progress. RIGHT? Because I thought I was an example of neuroses and regression.

224   Jamie   2005 Nov 10, 8:03am  

Only five pages in five hours today. That is not progress of the type I was hoping for.

225   Jamie   2005 Nov 10, 8:40am  

Oh here I am.

226   Jamie   2005 Nov 10, 8:40am  

Sorry for the diatribe on hair color. Should have been a simple answer.

227   Jamie   2005 Nov 10, 8:43am  

So what's the big red hair connection?

228   Jamie   2005 Nov 10, 8:44am  

NO invitations. Huh should die with little fanfare.

229   Jamie   2005 Nov 10, 8:47am  

Argh, you made me reload Huh. Torture. Okay, so the hair color connection explained. I do have an affinity for redheads too. Odd.

230   Jamie   2005 Nov 10, 8:49am  

Sadly I have to go do more stuff. My son is waiting for me to go roller skate with him. At least it's fun stuff. I have those old-school roller skates. I had to go buy a pair after we were in Golden Gate park this summer on a Sunday and I saw all these grown ups there roller skating, and I was like, hey, why am I not doing that?!

231   Jamie   2005 Nov 10, 8:50am  

LOL, I am getting an awful picture in my head of long underwear that is somehow also a thong. I really gotta go, with that lovely image!

232   Jamie   2005 Nov 10, 12:46pm  

"Today the sea was a thief
and stole the dog’s collar
and he was a happy loser."

Nice!

233   Jamie   2005 Nov 10, 12:47pm  

Huh has been eulogized. Please go and pay your respects. Feel free to say a few words of your own.

234   Jamie   2005 Nov 10, 12:53pm  

Ah, yes, beloved Hwy 5 with the endless valley and the fast drivers and the smelly as hell cows. I mean, I like cows, even like the smell, but those are some SERIOUSLY fucked up cows, to smell that bad, and to be that crammed into such a miserable little space.

I've made that drive more times than I can count (we've lived here twice in the past 12 years). But we have to go through the desert to Bakersfield first, then cut over on some little road to 5, through a little crap town called Wasco that we can never forget because it has a sign that says "Wasco, CA, a nice place to live" at the town border. I think, um, if you need to point it out to people, it probably, um, isn't true.

Driving to SF always feels like trekking across continents, the way we have to go. Oh, and then through that lost hills or whatever area to Gilroy, and up. Then always 280, because I love 280.

More than everyone needed to know.

235   Jamie   2005 Nov 10, 12:54pm  

I wonder if I can find that legendary Denny's...

236   Jamie   2005 Nov 10, 12:59pm  

So I'm still not sure which won out, symmetry or asymmetry? I am a little compulsively attached to symmetry, but am beginning to see how the asymmetrical dark side has its strong points.

237   Jamie   2005 Nov 10, 1:00pm  

Aw, thanks for paying your respects, newsfreak. I'm getting a little teary-eyed. Oh the nostalgia. The humiliation. The bean dip.

238   Jamie   2005 Nov 10, 1:01pm  

Goats really don't belong in Pigalle. We will have to find a nice little rental plot of land where it can graze and commune with other goats.

239   Jamie   2005 Nov 10, 1:02pm  

So are you buying the fixer house?

240   Jamie   2005 Nov 10, 1:17pm  

I will miss CA too, newsfreak, if/when we have to leave next summer. I keep holding out some hopeless hope that there will be some other job in the state the husband can move to, but probably not. Most of the jobs in his field are gone from here. Lucky us he'll probably go to Iraq. But anyway, it's a hard place to leave, that's for sure.

I had a hard time getting used to the Pacific. It's a much better ocean for looking at, but I was shocked at how cold and uninviting it is when I first saw it. My previous exposure to ocean back then had been in Florida, the gulf coast. So anyway, I love to go to the beach in SF now, I jog there sometimes, and it's very inspiring, all those violent waves. Scary.

241   Jamie   2005 Nov 10, 1:18pm  

Sorry, I'm here, just typing long posts. :-)

242   Jamie   2005 Nov 10, 1:19pm  

I think Utah is one of the most beautiful places I've ever seen. We drove through the southern part and I nearly wrecked the car gawking at those red rock canyons.

243   Jamie   2005 Nov 10, 1:20pm  

I have not driven through much of Nevada--I've only been through the very southern part, other than a quick trip to Reno. I've flown over lots of times :-P but it's amazing to look at Nevada on a map and see how little of it is even populated.

244   Jamie   2005 Nov 10, 1:22pm  

I imagine Nevada is mostly a lot like where we live. It looks the same, anyway, the parts I've seen. We're near the border of Death Valley. That's our big claim to fame.

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