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Bubblepalooza


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2007 Jan 31, 10:52pm   25,793 views  251 comments

by Patrick   ➕follow (59)   💰tip   ignore  

Bubblestock

From a Malcolm S in San Diego:

Hey Patrick, I just had an idea which is so morbid, ridiculous and ill conceived, I thought I would run it by you. You asked how to have fun during the bubble, well how about a party? This catastrophe is the biggest joke of the decade and I think it calls for a nationwide rally maybe in SF, or whatever city you designate as the birthplace of the housing bubble.

It could be called BUBBLESTOCK or BUBBLEPALOOZA! Some of your advertisers, and I guarantee a bunch of other businesses and media would love to sponsor, support, attend, and cover such an event.

Picture it! Swarms of like-minded bubbleheads converging on Golden Gate Park for an overnight festival of music, big screen bubble clips, movies, roasts.

Some ideas:

Lereah's powerpoint presentation on now is the time to buy
Fun with Dick and Jane
All the YouTube clips like Mortgage Gangstas
Gotta have at least a few country western songs about losing the house and the tractor

Think of the impact something like that could have. It could literally be a jab of historic proportions.

I guarantee that even with this theme you will have lenders, and realtors paying booth fees.

#housing

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250   Jimbo   2007 Feb 4, 6:40am  

FAB, yeah I thought it would work itself out that way, too, that is why I bought TOL puts.

I did okay, but I would have done better buying KBH puts.

I guess the global redistribution of wealth upwards has helped maintain the price of high end homes. Let's see if that continues.

My dream house is "only" $2M anyway, so I don't think I am going to be helped much either way...

251   Brand165   2007 Feb 4, 6:59am  

Jimbo: One thing I have often wondered is how many super-expensive homes get resold? They are often uber-customized for the original owner. It seems just as likely that someone who wants to build a $4M home would acquire the appropriate land and then build their own "perfect" home.

Of course, if you're going to buy or build a $4M home, then money probably isn't a concern anyway...

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