0
0

Global warming and the housing bubble


 invite response                
2006 Jun 30, 4:02am   18,028 views  167 comments

by Peter P   ➕follow (2)   💰tip   ignore  

The inconvenient truth about human greed, its consequences, and possible remedies.

Is Global Warming real?
Does the Housing Bubble exist?
Is there a Santa Claus?

The truth will set you free (or not).

#housing

« First        Comments 84 - 123 of 167       Last »     Search these comments

84   Different Sean   2006 Jul 1, 3:23pm  

see also Helen Caldicott - Books

e.g.
'THE NEW NUCLEAR DANGER: GEORGE W. BUSH'S MILITARY-INDUSTRIAL COMPLEX '

85   Different Sean   2006 Jul 1, 3:26pm  

THE NEW NUCLEAR DANGER: GEORGE W. BUSH'S MILITARY-INDUSTRIAL COMPLEX

"A timely warning, at a critical moment in world history, of the horrible consequences of nuclear warfare." Walter Cronkite

On September 18, 2001, one week after the World Trade Center disaster, Lockheed Martin, the country's leading manufacturer of conventional weaponry, nuclear delivery systems, and national missile defense, took a full-page ad in the New York Times echoing JFK's famous call to "pay any price to assure the survival and the success of liberty." The ad offered an unusually public display of what is typically the invisible hand and muscle of the arms industry guiding American sentiment and government.

In her uncannily timely new book, Dr. Helen Caldicott looks at the indebtedness of the Bush Administration to the arms industry and warns of the incredible dangers inherent in allowing weapons manufacturers to dictate foreign policy. Recounting the history of government collusion with industry, Caldicott shows how the merging of weapons firm in the 1980s created hugely powerful "death merchants," including Lockheed and others, ready to lobby politicians and manipulate public opinion on behalf of their corporate interests.

Now, with unprecedented acts of terrorism fueling the American public's willingness to grant its government broad power to wage war, the constant pressure from weapons makers to use military force -- and by extension, buy more of their weapons -- poses the very real threat of nuclear war. Enumerating, as a physician, the medical consequences of such a war, Caldicott demonstrates conclusively that the notion of nuclear survival is a complete fantasy, and that nuclear victory is an oxymoron.

In the same way that a generation embraced Caldicott's hugely influential Nuclear Madness and Missile Envy, The New Nuclear Danger stands to educate, alert, and mobilize millions of young people and concerned citizens, who must understand the planetary threat posed by overly aggressive nuclear scientific establishments and weapons industries in a volatile world.

86   tsusiat   2006 Jul 1, 3:50pm  

SQT -

I agree with you on the links, but if anyone here wants to post a wordpress site where everyone can blog, let us all know, and we can link it to a page with housing links on it.

Actually, I could do that...

87   tsusiat   2006 Jul 1, 4:36pm  

Bap33-

Boy, ‘ol B33 sure dont mind flapping his lips about America while swatting flies in Death Valley. Aint there a political CA blog that needs your attention B33? Just kiddin’.

If it is good for America the repubs will attack it and hate it. No matter what “it” is. If it is bad for America repubs will support it and protect it. No matter what “it” is. Is that simple enough for ya pardner?

Mirror image, why not, I'm right and you're squat.

88   Peter P   2006 Jul 1, 4:50pm  

The road trip was good. I wish I took a pair of Tevas along and hiked more slot canyons. Let me know if you want to see pictures.

Sure. I always like pictures of roadtrips.

89   Peter P   2006 Jul 1, 4:53pm  

I have a question for some of the other Patrick.net regulars. Am I wrong in being a little annoyed that Patrick now wants to charge for the housing article links?

I am not annoyed. However, I think a donation button (like the one on Ben's blog) may also be effective.

90   Peter P   2006 Jul 1, 4:58pm  

I will admit I have spent less and less time authoring threads as it’s a completely thankless task most of the time. But I have authored quite a bit more than Patrick and I guess I am feeling a little put out.

I personally thank you, SQT. If you have a subscription service, I will probably subscribe too. ;)

91   Peter P   2006 Jul 1, 5:27pm  

But then I’d have to pay you too, you do at least as much.

No, I probably have to pay you to read my silly threads.

92   Peter P   2006 Jul 1, 5:29pm  

My contribution is not much beyond huh, duh, and doh.

93   Peter P   2006 Jul 1, 5:31pm  

I just make silly comments to compensate.

Huh? Okay, you are going to author the next thread.

94   Peter P   2006 Jul 1, 5:36pm  

If I can think up a decent topic, sure.

Be creative. Think outside the housing bubble. ;)

95   GallopingCheetah   2006 Jul 1, 5:39pm  

How about best women in the world?

96   GallopingCheetah   2006 Jul 1, 5:40pm  

How about best wine you've had for under $100?

97   Peter P   2006 Jul 1, 5:44pm  

How about best wine you’ve had for under $100?

Pinot Noir, Robert Sinskey, 2001

I do not drink much. So please forgive my ignorance.

98   Mike/a.k.a.Sage   2006 Jul 1, 5:51pm  

New Topic

Do people move more often when prices are rising? It seems to me that people can move to a larger house when their old one sells quickly.

When prices are falling, people must stay put for much longer. Even if they want to buy a bigger but cheaper foreclosure they cannot, because the sale of their old house won't even cover what they owe on the mortgage.

What are your thoughts Hobbson?

99   Peter P   2006 Jul 1, 5:56pm  

It seems to me that people can move to a larger house when their old one sells quickly.

It is easier to move up when

1. there is significant price compression
2. the move-up house is priced above the said compression, and
3. credit is easy and cheap

100   Different Sean   2006 Jul 1, 6:44pm  

does anyone here own mexican real estate?

only if they live in california, texas or new mexico...

101   surfer-x   2006 Jul 1, 6:50pm  

Anybody realize that their rent is actually paid with after tax dollars?

So, in essence, your real rent is about 1.4X what you’re paying now to get your gross rent wherease homeowners have their interest and their profits subsidized by the gov’t?

My rent 2K, 2K X 1.4 = 2800, house is "worth" ~850K, just the fucking mortgage payment is > 5K, not including insurance, property tax, maintainence etc. So tell me you small dick maggot fucking troll, why the fuck would I buy? Oh, yeah, I forgot so i can flip the house in 2 years because it only goes up. Hmmm, seems $anta Barbara is down 9.44% so far, and there are 44% more listings that this time last year. do me a favor you 5'3" piece of shit, go back to wishing your fucking big assed whore of a wife would put down the fucking ben & jerrys and turn american idol off so you take in her fat assed glory.

102   GallopingCheetah   2006 Jul 1, 6:58pm  

SX,

Wrong calculation. Only the interest & tax part of your house payment is sunk money. The principal payment should be treated as saving. Of course you should factor in the opportunity cost of the principal payment that you could've otherwise used in productive investments (i.e., CDs in Iceland just prior to the crash of Icelandic krona).

But, 850K x (6% mortgage interest + 1% real estate tax) = roughly 60K. Take away tax deduction. Your net payment is 42K. That's about 35K/year and 3K per month.

103   GallopingCheetah   2006 Jul 1, 7:03pm  

3K is still 50% more than 2K rent. Not worth it. Castrate that 5'3" guy's dick.

104   Different Sean   2006 Jul 1, 7:06pm  

look, guys, we could actually start a joint effort site fairly cheaply that uses more sophisticated and still free blogging php software, i.e. one that includes a text editor toolbar, the ability to edit own posts, no posting problems, proper member profiles, a chatroom (god help us), etc. i've already had a discussion with patrick about that, and if he had more time he would look at it. there's no reason we can't put something together, and include patrick's links or similar.

e.g. http://www.phpbb.com/

i'd do it, except i'm trying to raise my own site in time for a state election, which i keep putting off...

105   Different Sean   2006 Jul 1, 7:07pm  

oh shit… tammy bruce the lesbian republican is basically saying that WE ARE GOING INTO IRAN. Fuck that stupid bitch. I am sick of this stupid terrorist shit.

you should write to her and let her know... politicians are amazed when constituents actually write to them and engage in a democratic political process...

106   GallopingCheetah   2006 Jul 1, 7:11pm  

This Tammy chick looks quite masculine. I like her (as a person or a man).

107   GallopingCheetah   2006 Jul 1, 7:12pm  

It's funny. These days in Amerika, men look feminine and women look masculine.

108   Different Sean   2006 Jul 1, 7:16pm  

Boy, ‘ol DS sure dont mind flapping his lips about America while swatting flies in rooville.

actually, aussies own about half of america right now... do a google search on 'what rupert murdoch owns' and look up frank lowy and westfield in wikipedia. that's right, the westfield shopping mall chain in NoCal and SoCal -- $42 bn in assets... owned by an aussie... and rupert murdoch own half your influential press and Fox, and makes and breaks govts on a whim...

and guess who leased out the WTC retail space 6 weeks before 9/11? westfield america...

109   Different Sean   2006 Jul 1, 7:26pm  

all your base are belong to us....

110   Different Sean   2006 Jul 1, 7:31pm  

it has nothing to do with the land, its the government’s fruits that they covet.

i bet if the mexicans realised what the gold and oil was worth in 1848 they would've put up more of a fight...

111   Different Sean   2006 Jul 1, 7:32pm  

All your shopping mall and newspaper belong to us...

112   HARM   2006 Jul 1, 7:43pm  

SQT Said:

I have a question for some of the other Patrick.net regulars. Am I wrong in being a little annoyed that Patrick now wants to charge for the housing article links?

But as one of the blog moderators, I spend easily as much time per day, checking in, clearing the spam from the moderation queue and watching threads when I have them. And now I’m thinking it’s not worth the effort if the guy who created the blog finds the task to onerous without pay.

I too had the exact same response. I can sort of understand Patrick charging readers or occasional posters, but thread moderators/authors? It's not as though we're getting compensated for our time (and drawing eyeballs with our brilliant topics & commentary :-) ). I don't mind donating considerable time because I thoroughly enjoy the debate and company here (and occasionally learn a useful thing or two), but now I've got to pay for links?? Hmmm...

114   HARM   2006 Jul 1, 8:02pm  

My favorite "money quotes":

"This was an unintended consequence of the farm bill," said former representative Charles W. Stenholm, the west Texas Democrat who was once the ranking member on the House Agriculture Committee. "Instead of maintaining a rice industry in Texas, we basically contributed to its demise."

"The original intent was to make a step in the direction of eliminating farm programs," said then-House Majority Leader Richard K. Armey (R-Tex.), who led an unsuccessful fight in the 1990s to trim the subsidies. "By 1998, there was no zeal left."

Instead of cutting, Congress ended up expanding the program, now known as direct and countercyclical payments. A program intended to cost $36 billion over seven years instead topped $54 billion.

115   Different Sean   2006 Jul 1, 8:04pm  

I can sort of understand Patrick charging readers or occasional posters, but thread moderators/authors?

he will start MLM blogging next... woops, he already has :lol:

116   Different Sean   2006 Jul 1, 8:22pm  

Shmend Rick Says:
http://rebubble.ning.com

that was quick, rick

build it and they will come...

117   Different Sean   2006 Jul 1, 8:30pm  

HARM Says:
FYI: Farm program pays people who don’t farm - Federal subsidies to owners of old, unused farmland top $1.3 billion
Your tax dollars at work… or non-work.

the face of pure evil... CONSERVATIVE republican congressmen doling out upper class welfare and dispossessing tenant farmers... we need more CONSERVATIVES in power from top to bottom...

118   Different Sean   2006 Jul 1, 8:31pm  

i didn't realise tammy bruce is just another ann coulter, except uglier... not even a politician, just another rupert murdoch stooge...

119   Michael Holliday   2006 Jul 1, 11:20pm  

SQT Says:

"I have a question for some of the other Patrick.net regulars. Am I wrong in being a little annoyed that Patrick now wants to charge for the housing article links?"

Yes and no.

Yes, because he's built a great site and deserves as much $$$ as he can get.

No, because one of the things I liked about this site was checking out the daily articles with my coffee. I won't pay for them, though.

Just my two cents.

:o~~ The Mouse

120   Michael Holliday   2006 Jul 1, 11:32pm  

surfer-x Says:

'My house is...“worth” ~850K...'
_____

Exactly!

Nice parenthesis around the word "worth."

Says so much with so little.

"Worth" my ass! Maybe in Monopoly money or bubble bucks.

121   astrid   2006 Jul 2, 12:49am  

I'd rather be a hedonist. If humanity is indeed doomed in its present incarnation, I might as well put off having kids and enjoy myself in the mean time.

122   astrid   2006 Jul 2, 1:05am  

Anyone here thought about the housing bubble as the outgrowth of the tech bust + outsourcing + threat of terrorism? I read Tulipmania a couple years back and I recall that book posits the tulip bubble and most other bubbles are accompanies by a sense of social upheaval and insecurity. Thus, the usual social norms and checks are suspended in favor of getting rich quick and the fear of being left behind.

At least the Dutch have a thriving flower bulb industry to show for their tulip bust. I wonder what positive contribution this housing bubble could have to American society.

123   Randy H   2006 Jul 2, 1:10am  

SQT,

RE: The state of the blog here, a couple of observations and opinions I have...

* There are a huge number of new readers now that the housing bubble has gone mainstream. That has increased the normal: spam, trolls, newbie questions, etc.

* Arguing the existence of the housing bubble issue has become a bit of a non-issue, so now even the moderators/authors are find themselves at odds over the next level of detailed debate. Hard versus soft landing, liquidity versus inflation, urban planning versus exburbia, etc.

* Those issues used to be related to supporting theories about whether there was a housing bubble or not, and why one formed. Now they're about how to make a better future...a subject on which people will widely disagree.

* Most topics now quickly digress or go clearly off in the weeds after about 10 posts. That's not a big deal, it was always the case. But now the digressions all go to generally the same place: liberals-v-conservatives, people with issues-v-those they offend, anarchists, trolls, troublemakers, drunks-v-anyone left reading.

* The level of name calling, offensive generalizations, and just down right immature nastiness has exploded. I had been trying to get Dave Barry of the Open MLS initiative to write a guest piece here. He declined recently after reading the site and determining it wasn't worth his time. If a guy trying to break the Realtor(tm) cartel in CA cannot find it worthwhile to use Patrick.net to spread his message and campaign for his initiative, then there is a problem.

* Most of our long-time readers and contributors are either gone or rarely participate anymore.

My personal opinion is that Patrick.net now suffers from the fate of all lightly/unmoderated open forums once they get enough readers. The diversity which once created a lot of value has now degraded into name calling and shouting matches and escalating levels of bigotry. Most people have limited time and will eventually decide it's not worth while to spend it here. Call it the f@ckedcompany.com fate. That was once a very useful forum...until it went mainstream...it is now a wasteland.

« First        Comments 84 - 123 of 167       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste