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Randy H
2006 Aug 29, 1:41pm
Thanks Zephyr. I'm glad my obscure reference didn't go unappreciated.
Randy H
2006 Aug 29, 1:42pm
Data is not almighty. It often distracts us from the big picture.
Facts are not almighty. They often distract us from reality.
Peter P
2006 Aug 29, 1:45pm
Facts are not almighty. They often distract us from reality.
Facts are only data points. How we see them is more important. How we use them is the key.
Not a comment on this particular topic but one in general. I am SO glad I located this site; purely by accident and with the help of Google. I'm relocating after retirement from the PacNW, sold my house last month, and am sitting on a bunch of cash trying to figure out if I should wait a while to see what's going to happen with this real estate market. Before I listed my house, I had a feeling the market was going south so I "cashed in" asap......glad I did!
It's double important to me because my son lives in the Bay area and is dealing with the rental nightmare.
Thanks to Patrick for having the guts/balls to put this place together
Thanks to the contributors; I've learned a bunch in the short time here
Doug H,
You're most welcome! It's nice to know this blog (and others) are continuing to have a positive on people's lives, and hopefully preventing some from making foolish and costly mistakes, based upon fear and/or industry propaganda. I would recommend checking out some of the other sites I linked to in my thread topic (listed as "Bubble Apostles").
repo_man,
Even my mom's Chinese language papers are telling her that RE is no longer a sure bet and that the job market is not so hot. I think the only ones saying "it can't happen here" are willfully ignorant of the fact.
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My fellow Patrick.netters, we have been gathering here as a community and faithful standard bearers of the Housing Bubble Gospel for well over a year now. We have already shared our personal tales of redemption and rescue from the jaws of F@cked Borrower Purgatory, and saw that it was good indeed.
In recent months, we have rejoiced in seeing the Bubble Prophecies finally come to pass. We have praised the Bubble Apostles for having originally opened our eyes and brought us the good word: Patrick Killelea, Ben Jones, Robert Shiller, Bill Fleckenstein, Dean Baker, Rick Toscano, Barry Ritholtz, Mike Shedlock, Jim Puplava and Paul Krugman. We have even congratulated ourselves on our prescience, and rejoiced that our long night of persecution by the MSM and industry perma-bulls has finally ended.
Some praise is righteously deserved, this is true. But what of the multitudes of our f@cked brethren, who to this day wander the earth devoid of reason, basic math skills or the ability to distinguish truth from obvious falsehood? We have ministered to our own needs and have successfully spread the good news amongst our own flock, but what of the wayward sheeple who are still stumbling about in darkness? What have we done to illuminate their world and spread the HB Gospel to those who have not yet accepted it?
Please open your hearts, bear witness and share your stories of sheeple/FB/specuvestor conversion with us now. Have you ever tried to school the ignorant, humble the proud, or bring sight to the blind? What was the result? Are there any inspirational stories of success you would like to share with your fellow Bubble-onians? Are there any noteworthy failures? Are there any important lessons to be learned from either?
Discuss, enjoy...
Your humble servant,
Brother HARM
(with apologies to the genuinely faithful)
#housing