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Housing Bubble Haiku


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2006 Apr 3, 5:40pm   31,566 views  245 comments

by HARM   ➕follow (0)   💰tip   ignore  

Haiku room

:mrgreen: Courtesy of Zen Master HARM :mrgreen:
©2006, all rights reserved

Please feel free to post your own "pearls of wisdom"...
(FYI: traditional Haiku uses 3-line stanza; 5-7-5 beat format)

The bids you receive,
The sound of one hand clapping.
Do they sound the same?

Poof! In an instant--
Disappearing without trace
--All your equity.

Hot market blazing
Burn rate growing, credit maxed
--Who put the fire out?

Your intelligence,
Your credit, your house: all are
Well below average…

Paper gains, but air
Mortgage, a lead anchor.
Which carries more weight?

Costs are high, hope gone.
The lender demands –foreclose!
And away goes house…

Like cherry blossom
In last days of spring, your home
Is well past its prime.

Above the summit
Beyond soaring clouds, comes
…New tax assessment!

As small kindnesses
Shown strangers, your upgrades too
Go un-rewarded.

Dark clouds approaching,
No more buyers found –Next comes
Vengeful ‘Silent Spring’.

Your Realtor job seems
Beyond your abilities.
--Is McDonalds hiring?

Many clouds slip by,
Unseen, unknown; much like your
…Prospective buyers.

How vast the ocean
That separates asking price
From true house value.

Many are the paths
That lead to prosperity.
Sadly, none lead here…

Daytrader before,
Flipper now; coming soon:
Parking attendant.

Stainless steel, marble
Glistens so, like Fool’s gold,
It has no takers.

#housing

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244   HARM   2006 Nov 16, 6:12am  

Not Haiku or poetry, but here's one of my all-time favorite REIC bullshit filters that resurfaces from time to time:

RE.Agent Says:

November 15th, 2006 at 6:32 pm e
It’s a new paradigm, and everybody who doesn’t buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

245   HARM   2007 Jan 22, 4:43am  

Also not Hailu, but worthy of remembrance:

‹^›_‹(ô¿ô)›_‹^›

(c/o Surfer-X)

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