patrick.net

pbass,

Hehe. First they get designated as money laundering operations for the North Koreans and now this. Not to mention all the under-secured debts to SOEs that they're never getting back. I almost feel sorry for these bloated (cuz half their job is getting boozed and dinned by borrowers) Chinese bankers.

astrid Says:

> I predict 2008 to 2012 will be good years to buy exotic
> vacations and slightly used European handbags/cars
> with cash.

I wonder if any of the Junior League SF gals that bought $9K Hermes Birkin Bags (many JLSF gals have more than one) with cash from HELOCs will try and sell to save their homes from foreclosure?

http://tinyurl.com/f2qx8

Again, one should not trust me on economics. Randy is the expert.

**Disclaimer: Randy is not an expert, just well researched and opinionated. Always consult a licensed expert before you make a financial decision.

"**Disclaimer: Randy is not an expert, just well researched and opinionated. Always consult a licensed expert before you make a financial decision."

Egad! Licensed economists? Next thing I know, we're going to have a philosophers' strike on our hands.

In the spirit of really OTness, I bring you a link to eBay's guide to buying Hermes bags.

http://tinyurl.com/enleb

I like Hermes perfumes. But paying more than $1,000 for a bag seems pretty insane. I guess the secret is to get a sugardaddy to buy that stuff for you a la Carrie Bradshaw.

Not that I'd pay more than $250 for a bag. For my purposes, a man-purse is much more practical.

http://www.fatiguesarmynavy.com/store/item/FA1955

Apologies to all for going really really OT.

My crystal ball says property taxes will no longer be deductable off your federal income tax. They will be tax credits! You will get dollar for dollar off your federal tax bill for property taxes paid. This will effectively transfer the cost of local government to the federal budget which is perfect since they have the printing press. The result will be a reduction in the cost of owning; thereby putting a floor under housing prices.

"They will be tax credits!"

I sure hope you're kidding. This is ALL we need right now. Plunge Protection Team Damage Control to the rescue!

If anything the pendelum is swinging the other way. You mean to tell me we don't subsidize home ownership enough already? If this is what we're counting on to prop up the RE market we're all screwed.

Conor,

Please count yourself (along with the only guy studying for CFA) among this "esteemed" crowd! I actually value ALL of the posters here opinions. Or I wouldn't be here.

When you work at home this is the closest thing you have to a "water cooler".

along with the only guy studying for CFA

Who is that?

speedingpullet Says:

"Wolf Blizter on CNN is going to have a story on the HB sometime this hour."
____

Ahh, sorry to burst YOUR bubble; however, his name is Wolf Cheese-Blintz, not Wolf Blitzer. That's Wolf CHEESE BLINTZ!

Thank you kind sir!

Peter P,

Giving the books a rest are we?

New Thread: Collateral Damage

you never know when a driver or crazed motorcyclist might come round a blind bend on your side of the road

OMG 8-O

This is why I will avoid undivided highways if at all possible.