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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   45,202 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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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.

202   Jamie   2005 Nov 9, 5:12pm  

You're fading fast aren't you?

203   Jamie   2005 Nov 9, 5:13pm  

Go get some sleep!

204   Jamie   2005 Nov 9, 5:15pm  

I'm about to draw the red curtains...

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.

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