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Is the Fed trying to prick the bubble?


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2005 Oct 17, 10:05am   45,599 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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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.

269   Jamie   2005 Nov 10, 3:20pm  

Hey, I have given up on legitimacy. It doesn't suit me very well.

270   Peter P   2005 Nov 10, 3:21pm  

I have given up on even numbers. It’s a slippery slope. 2600, and next thing you know we have to aim for 3000.

To be honest, the logical target should be 10000, no?

271   Jamie   2005 Nov 10, 3:22pm  

Sorry to hear you've been sick. I noticed you weren't around much, Peter P. Hope you're back to normal soon.

272   Jamie   2005 Nov 10, 3:23pm  

10,000?!?!?!? You are a masochist.

273   Peter P   2005 Nov 10, 3:25pm  

10,000 is logical? How long would that re-load hell be?

Technology will get us there. In a few years, we will all have fiber-optic internet connections. Huh-10000 will be possible.

No thread bubble. Threads will grow through the end of this decade!

274   Jamie   2005 Nov 10, 3:26pm  

"I will go for 3000 all by myself peter p , I am into it! "

Jack is into it all by himself. Just him and the reload time. Sick!

275   Peter P   2005 Nov 10, 3:27pm  

Sorry to hear you’ve been sick. I noticed you weren’t around much, Peter P. Hope you’re back to normal soon.

Thanks Jamie.

276   Jamie   2005 Nov 10, 3:28pm  

Peter P is still back on the Social effects thread talking about lobster or something. That's pretty funny, Peter P. Glad to see you're as dedicated to the thread as I am.

277   Peter P   2005 Nov 10, 3:28pm  

Hey, Huh-10000 sounds like the name of a marketable product. Why don't we sell something with that name?

278   Jamie   2005 Nov 10, 3:29pm  

The reload time is all about masochism. And staring at the horror of one's own inadequacies.

279   Jamie   2005 Nov 10, 3:31pm  

I'm sure we could have Huh-10000 tshirts made at cafe press or something. We could confound people. Create an underground craze. Write a blockbuster book with that title. Start an investing craze.

280   Jamie   2005 Nov 10, 3:33pm  

Watch Peter P will eventually just vanish with no explanation. I like how he appears and disappears like that. Like a magic trick, well except that I hate magic tricks, so maybe not like that.

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