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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   45,295 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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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.

245   Jamie   2005 Nov 10, 1:24pm  

I've got a date to watch Survivor on Tivo now. :-) Catch you later!

246   Jamie   2005 Nov 10, 2:50pm  

Yeah, PETER P. You really need to chime in with one final Huh on the Huh thread. For old time's sake.

247   Jamie   2005 Nov 10, 2:56pm  

You WOULD have to be psycho to love Huey Lewis (Sorry SQT!).

248   Jamie   2005 Nov 10, 2:58pm  

They have every dog breed on earth. All my writer friends got really pissed off that most of them came out as some kind of terrier. I was the only one who came out a decent dog because I chose something like "needs to be outdoors." LOL, maybe I'm not house trained.

249   Jamie   2005 Nov 10, 3:01pm  

Jack, re symmetry versus asymmetry, I have no idea what the hell you were talking about, but it sounded impressive.

And I went back and re-read that vanity stuff of yours on the other thread and laughed until I had tears in my eyes. You're pretty funny when you're feeling insecure.

Still wearing that cheerleader outfit?

250   Jamie   2005 Nov 10, 3:03pm  

SQT, you should use that as a signature line "I am an aloof dog that is highly prized." Just kidding!

251   Jamie   2005 Nov 10, 3:05pm  

Oh I posted on the main thread, after you're whole "gimme a L..." thing, and HARM's before that. Said something like wow, guys dressed up in cheerleader outfits tonight.

252   Jamie   2005 Nov 10, 3:06pm  

SQT, after just watching a Tivo'd Boston Legal about cow love (bestiality), and am SOOOO not laughing at your dog/husband comment. Shudder!

Oh, what, that's not what you meant?!

253   Jamie   2005 Nov 10, 3:08pm  

Yeah I was pretty impressed. You're getting all angry and stuff on that thread. Heh.

254   Jamie   2005 Nov 10, 3:08pm  

SQT, stop that barking!

255   Peter P   2005 Nov 10, 3:10pm  

I have also been know to growl when angry. Just scroll up the thread a bit. Grrrrrrrrrrrrrrrrrrrrr.

Huh? Meow...

256   Jamie   2005 Nov 10, 3:10pm  

James Spader IS a little creepy! Even more so on Boston Legal where he has grown chubby on top of his creepiness. But I highly recommend the show anyway, because it's very funny and a few of the other actors are great. That star trek guy is hilarious. The only real flaw in the show is that their politics is annoying sometimes.

257   Peter P   2005 Nov 10, 3:10pm  

What is this thread? It is too explicit for me. See ya.

258   Jamie   2005 Nov 10, 3:11pm  

Peter P, see above comments directed at you!

259   Jamie   2005 Nov 10, 3:12pm  

Glad you found us down here in the shed--er, I mean, Pigalle.

260   Jamie   2005 Nov 10, 3:13pm  

Oh no, we offended Peter P. :-( Now I feel bad.

261   Jamie   2005 Nov 10, 3:14pm  

I do like it. That makes me more messed up.

262   Peter P   2005 Nov 10, 3:14pm  

Oh no, we offended Peter P. Now I feel bad.

Don't worry. I am back.

263   Jamie   2005 Nov 10, 3:14pm  

Why am I talking to myself now?

264   Jamie   2005 Nov 10, 3:15pm  

Did you leave a closing huh for the huh thread?

265   Jamie   2005 Nov 10, 3:16pm  

Let's all behave. How's that housing bubble thing going?

266   Peter P   2005 Nov 10, 3:18pm  

Hi Peter, dont forget to leave a little something at the bottom of the Huh? mineshaft, ok?

I did. Should we target 2600?

267   Peter P   2005 Nov 10, 3:19pm  

I’m still sick.

Hope you feel better.

I have been sick for the past few days. Feeling much better today though. Probably not the flu then.

268   Jamie   2005 Nov 10, 3:20pm  

I have given up on even numbers. It's a slippery slope. 2600, and next thing you know we have to aim for 3000. And so on. I do think it would be funny if we eulogized Huh and then just kept right on posting for another few thou. BUT the reload is already killer. Can't take the pain anymore.

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