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Amazing Bubble Stories!


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2005 Jul 13, 5:31pm   13,025 views  138 comments

by HARM   ➕follow (0)   💰tip   ignore  

By now, pretty much everyone has their own favorite “crazy Bubble” story, with the possible exception of the Bullish Three ;-). (Perhaps they have a favorite “crazy renter” story?)

For some it’s the one about the $650K mortgage that was issued to a dead guy (yes, AFTER he died): tinyurl.com/af9ga For others, it’s the one about the Playboy Playmate quitting her “day job” to get into real estate investing: tinyurl.com/dq4kp Or how about the woman who got talked into buying 19 new Las Vegas houses on credit, only to see the developer slash prices 20% right after she signed the papers?: tinyurl.com/4y7fg

Some people have great stories, many of them from events witnessed firsthand, but until now, unpublished. Some are purely anecdotal or urban legend, but fun to tell anyway. I’ve told my own “bedtime tale”. So, what’s yours?

HARM

#housing

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131   SQT15   2005 Jul 16, 10:57am  

Why is anyone even responding to MarinaPrime's posts? Clearly he's only desperate for attention. Besides, no one who actually works for a living could be so arrogant, mummy and daddy figure into this equation somewhere.

132   SQT15   2005 Jul 16, 10:58am  

Unless it is Fake P taking on a persona. Let's hope so, otherwise we have to live with the assumption that this person exists somewhere.

133   Peter P   2005 Jul 16, 11:00am  

Marinara,

I think a many people on this board have 6-figure household income and 6-figure liquid assets. Do not assume too much.

Edwardian architecture is pretty, although I personally prefer something with lots of glass, metal, and exposed concrete.

BTW, according to CapGemini, there are only 77K individuals in the whole wide world with 30M+ of financial assets... (as of 2004, usual annual growth rate < 10%)

134   Peter P   2005 Jul 16, 11:04am  

He is very smart too, for recognizing the $60,000/median salary is totally irrelevant to housing.

Of course the $60,000/median salary is totally irrelevant to housing. With NAAVLPs and "stated-income" (liar) loan, one does not need an income to buy.

135   Peter P   2005 Jul 16, 11:05am  

SactoQt, sorry for feeding the troll and breaking my own rule. It is so tempting sometimes. :)

136   SQT15   2005 Jul 16, 11:07am  

Peter P

I thought you were talking to some one called Marinara. :D

137   Peter P   2005 Jul 16, 11:12am  

Oops, Freudian slip again. It is strange, I do not even like marinara sauce.

138   Peter P   2005 Jul 16, 5:23pm  

Perhaps surfer-x should write a "shitbox by the bay" fable. :)

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