patrick.net

"Leave it to a RENTER FORUM to come up with LOW CLASS and DEROGATORY comments about various ethnic groups.
This board is pathetic. No wonder you guys WHINE AND COMPLAIN b/c you’re so uneducated and helpless.
You guys deserve to throw money away in rent EVERY SINGLE MONTH. I am so offended by this board."

Sounds like this person has some issues of their own, doesn't it?!

"Ewww, renters are un-clean and low class. If people on this board are talking about housing actually dropping in price, they must all be filthly renting Proletariat. They must be uneducated and helpless too, because all of my "upper class" friends and I all KNOW that housing only goes up. Dirty, dirty renters, I am SO offended! I'm going to have to go wash my own mouth out with soap now because even the act of reading this discussion board has defiled my sensibilities!"

Ha hah hah hah hah!

"Statistics are already showing a steep rise in foreclosures. Clearly it’s not the time to jump in. I’m thinking 2008 might be a good time to get a foreclosure deal."

Yep, don't get caught on the dead cat bounce! 2008 at the earliest. Lot of ARMS adjusting in 2007 according to the SoCal Mortgage Guy, that should accelerate the decline next year. We shall see.

I found something good that the Doomer/Gold Bug/Peak Oilers around here will love (although most of you probably found it already). James Howard Kunstler's blog, check out the January 2, 2006 entry:

http://www.kunstler.com/mags_diary16.html

He equates Peak Oil to the Housing Bubble in that entry and makes some (I think) valid points about high energy prices negatively impacting suburban home prices. I don't agree with all of his conclusions, but he's a smart guy and a good writer and makes some very good points.

More to the topic, I’ve noticed much more real estate bubble talk in the mainstream media lately. It hasn’t stopped the infomercials that are still pushing the get rich quick real estate programs.

This is the very signal that RE has peaked in this cycle. "When the paperboy is offering stock tips it's time to sell".

About the time you see the "get rich quick on foreclosures" infomercials, it's time to buy a new home and pick up some income rentals and perhaps a new vacation home to boot.

In a feeble attempt to twist threads: It is this reasoning behind why I don't buy gold. I'm quite confident that people who deal in commodities for a living are way ahead of whatever curve I think I see. And, they'd be more than happy to separate a fool from his money.

It's time for a new thread, btw. At 225 responses, the tail is no longer fat.

DinOR, does your e-mail address work?