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Social effects of the bubble


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2005 Sep 21, 3:01am   51,182 views  583 comments

by SQT15   ➕follow (0)   💰tip   ignore  

Per Jamie's request

What kind of social impact do you think there has been by the bubble? Are people any different because of the wealth effect? What about the social impact on people who have not bought into the RE market? Do you think what we are seeing is predictable human behavior that will occur again in the next bubble?

Is there a social impact we haven't discussed yet?

#bubbles

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468   Peter P   2005 Oct 4, 5:18am  

Why aren’t you in Vegas?

The restaurants are too good. It has been said that I will go broke without gambling.

469   Jamie   2005 Oct 4, 7:08am  

"I still content that there are only 2 to 4 posters on this board."

LMAO! For the record, I am not Peter P. Or MP. Or Fake P. Or Surfer-X. Or anybody else.

Sigh. I did not make Surfer-X's list of regulars. I feel so left out of the cool kids' club. :-P

"the nipr.mil domain is spooky/scary/fascinating"

Isn't it illegal to use .mil domains for anything but official government stuff?

470   surfer-x   2005 Oct 4, 7:34am  

And Jamie!
:)

471   surfer-x   2005 Oct 4, 7:36am  

Isn’t it illegal to use .mil domains for anything but official government stuff?

That's just it, I think we've got us a official guberment troll.

Keywords: Jihad, trigger, enriched uranium, dirty bomb, car bomb, I'm bombed, Allah, white devil, mecca, Muhammed, holy land, Zion, blah blah blah.

472   Peter P   2005 Oct 4, 7:49am  

New keywords: bubble, Fannie, housing crash, bankruptcy, foreclosure

473   brightc   2005 Oct 4, 7:49am  

Phuong Nguyen, you are a terrible liar. I hope you're a realtor(tm) because from your miserable failure to discredit this blog, it shows that the Bay Area real estate bulls (or fools) are getting desperate.

Can we say, backfire, Phuong? :-)

474   brightc   2005 Oct 4, 7:51am  

Phuong, good luck dealing with surfer-x :-)

475   surfer-x   2005 Oct 4, 7:56am  

brightc, poohong is a guberment troll, he/she/it has the nipr.mil IP.

476   surfer-x   2005 Oct 4, 7:58am  

Man, wouldn't it be just peachy if the guberment is sooo worried about the housing bubble that they have their trolls post dribble on this blog? Nice how the guberment troll left when he/she/it was outed.

477   Peter P   2005 Oct 4, 8:02am  

poohong may be a government employee but I doubt he is trolling for the government.

Government trolls are probably smart enough to mask the IP so that it would appear to be coming from Adobe.

478   surfer-x   2005 Oct 4, 8:16am  

Maybe it's just me, but do any others find the need to go to pro-housing (bull) sites and post mindless dribble in a vain attempt to bring them to the bear side?

479   surfer-x   2005 Oct 4, 8:16am  

I just can't understand why trolls like poohong find it necessary to post outright fucking lies trying to make people believe everything is fine, housing only goes up.

480   Jamie   2005 Oct 4, 8:33am  

"That’s just it, I think we’ve got us a official guberment troll"

Or else he's just some bored pencil pusher wasting not only our time but our tax dollars. ;-)

481   Jamie   2005 Oct 4, 8:36am  

"do any others find the need to go to pro-housing (bull) sites and post mindless dribble in a vain attempt to bring them to the bear side? "

Not me. I don't participate in any other online discussions, because in my experience most sites are just full of pissing contests and slack-jawed idiots who can't compose complete sentences, let alone logical arguments. I keep coming back here because it has a much higher concentration of intelligent people than other places on the internet.

482   Jamie   2005 Oct 4, 8:37am  

"Government trolls are probably smart enough to mask the IP so that it would appear to be coming from Adobe. "

LOL, excellent point.

483   Jamie   2005 Oct 4, 8:39am  

"And Jamie!"

Now my life is complete. :-P

484   Peter P   2005 Oct 4, 9:39am  

“I still content that there are only 2 to 4 posters on this board.”

LMAO! For the record, I am not Peter P. Or MP. Or Fake P. Or Surfer-X. Or anybody else.

Jamie, just let him believe what he wants to.

I believe in the Santa Claus. Please do not tell me that he does not exist.

485   Peter P   2005 Oct 4, 1:01pm  

Is Bay Area is suffering from some kind of “Mathew Effect”. For those who are not familiar with matthew effect, it is a sociological concept:

Isn't it a case of reflexivity between status and the recognition of status? Status brings recognition of status, further reinforcing status...

486   SQT15   2005 Oct 4, 1:16pm  

OMG, the thread that will not die!

I stopped checking in because Phony Nguyen's BS got so thick a long time ago that I thought it pointless to keep answering his/her/it's ridiculous comments.

I figured it was just a bored troll making up the stories as it went along, clearly I was right.

I'm not even sure I should delete because it's kind of comical. It doesn't even have the ability to stir things up like our other troll. Really it's just boring.

487   Peter P   2005 Oct 4, 1:23pm  

OMG, the thread that will not die!

Yep. Some may say that there is a bubble in the comment count.

I’m not even sure I should delete because it’s kind of comical. It doesn’t even have the ability to stir things up like our other troll. Really it’s just boring.

If you delete, you will also pop this thread bubble.

488   Jamie   2005 Oct 4, 3:19pm  

"If you delete, you will also pop this thread bubble."

There is no thread bubble! Conversational conditions full support the numbers in this thread. This thread is unique. People will always want to participate in this thread because it is like no other thread--it has countless positive intangibles that make unlimited growth of comments possible. And also moneyed immigrants will always want to post here.

Long live the thread.

>:-)

489   Peter P   2005 Oct 4, 3:32pm  

And also moneyed immigrants will always want to post here.

LOL. This thread is a new paradigm!

490   surfer-x   2005 Oct 5, 5:06am  

My generation is still being punished for Vietnam by the Greatest Generation, which I am still trying to figure out what was so great.

Sorry way off topic and I’ll likely delete myself, hmmm lets see first, to deny your generation is the most indulged self-serving one yet, is well, indulgent. Regarding Vietnam, do me a favor, look up when your memorial went in, then look up the total amount of casulties, then look who funded it, now, look up when the WWII memorial went in, how many died and who funded it. Pardon me, I am sure you are different, but your generation has cried whined and bitched about vietnam, when you lost, yeah I know, it was McNamara that made that happen. The WWII generation saved the free world, beat back facism on two fronts and did so with grace and humility, something the boomer crowd is sorely lacking. I personally know a man who took two in the chest at Bastogne and didn’t talk about it for 50 years. Sorry man, but due to the shear volume of boomers you will get a lot of good ones, and a lot of bad ones. Ever watch frontline? Fascinating what the boomer accountants at the big 4, strike that big 3 have come up with, and that cat that figured out that by lowering the min monthly on credit cards would result in higher debt, we’ll he was a rep of your generation also. I just find it odd that the country pretty much worked well, yeah there was that nixon thing, but look what happened when boomer bill took office. Blowjobs, scandel and the greatest greed party the world has ever seen. Money was always important, but your generation has made it the only thing that was important. To quote one of your poets, “I hope I die bbbbefore I gettt old”, and “if you can’t love the one you want, love the one your with”. Boomers cant help it, they love themselves too much, had too much given to them to ever be responsible. The greatest generation scrimped and saved and were superstingy, and they left it to their children. In a way boomer behavior is resultant for their parents who came back from war and wanted nothing but peace. You grew up in a time where America was king and were handed the world on a silver platter, yet the boomers chose to squander it. Sorry man, but like I said I’ll delete myself. Enjoy.

491   Peter P   2005 Oct 5, 5:15am  

I have nothing against boomers... but this is one well-written rant!

492   surfer-x   2005 Oct 5, 5:34am  

Thanks Peter P, I try, I try, hopefully I will eventually be able to realize my goal, equally offending everyone. :)

493   surfer-x   2005 Oct 5, 6:01am  

Surfer-x still does not realize that in economics and life, not “all” follow the pattern, not all boomers were supplied with or demanded everything. That was my main point that was lost in the rant

And my response?

Sorry man, but due to the shear volume of boomers you will get a lot of good ones, and a lot of bad ones.

Like I said in a prior rant, boomers are very good at talking at you. I've encountered a "few" nice boomers, but the vast vast majority are the selfish indulged type. Your comments echo this, In trying to quell blaming boomers for the bubble, SUVs, etc., instead I am banished to “Social Effects” to respond. The point of the other thread is an attempt to stay focused on the housing bubble, and stay away from hot button topics, that's why my comments, and yours were deleted. You have said nothing to let me believe that you are anything more than an entitled boomer, you clearly didn't read my posts and you respond by talking at, typical of the boomer generation.

494   surfer-x   2005 Oct 5, 6:20am  

NF, yes which is why i've relocated this thread to the neverendingthread. You clearly aren't reading my comments, yes, not all boomers are indulgent, but a lot are. To suggest otherwise is bullshit, for every good deed the boomers have done, there are 10 bad. To deny the sorry state of the economy, the housing bubble, and the greed circus are anything but boomer artifacts is trying to re-write history. Stay, leave, lurk, I don't care, but don't try to make a case for boomers being anything but what they've proved themselves to be.

495   surfer-x   2005 Oct 5, 6:29am  

I only ask that you do not direct your anger to my whole generation.

NF, never meant to suggest all boomers are bad, clearly that isn't the case. I have just encounted too much crap from the +50 crowd to have fondness in my heart for them. Didn't mean to personally offend you, was not my plan. Stay and post, it's informative and fun, and everyone's comments are welcome.

496   surfer-x   2005 Oct 5, 6:36am  

Not my blog, it's Patrick's, he's just nice enough to let me play. I totally agree it's the greed that's bad, and it's most assured cross-generational.

497   surfer-x   2005 Oct 5, 6:40am  

I've just got to stop sniffing glue long enough to type correctly, "assuredly"

498   SQT15   2005 Oct 5, 6:41am  

You know, it's interesting, but I've noticed a trend in my generation. A lot of mom's I know, myself included, have chosen to stay home and raise our own kids. Why? Because our parent's didn't and the latch-key growing up didn't do a damn thing for me and my brother's except leave us at loose ends during the day with way too many opportunities to get into trouble.

I've noticed among my peers a strong desire to not follow our parent's example in spending money, not saving, and not raising our own kids. I'm not saying that ALL boomers did this. But lets face it, the feminist movement took a lot of women out of the home and no one stayed behind to take care of the kids. Are we really better off because of two incomes? I just haven't seen the positive effect on society that it was supposed to be. I guess I'm old fashioned, but given the trends my parents generation taught us-- I'd rather follow the example of my grandparents.

499   surfer-x   2005 Oct 5, 6:45am  

I guess I’m old fashioned, but given the trends my parents generation taught us– I’d rather follow the example of my grandparents.

I love you, any chance of ditching your husband and going with a bitter, over educated surfer? I kid I kid. I totally 100% agree with you. :) As a former latchkey myself, I must say when my wife and I have kids, she/me are staying home. I'll take the bullet and make sure they have a full-time parent. I want them to be raised like my grandparents would have raised them. The two-income trap, we've got less disposable income now then when women weren't in the workforce, it's all bullshit anyways. I feel women have been forced to believe they can have it all, work and family. We'll, you can't. And the kids suffer. Mine won't though! I've noticed the same attitude with my peers.

500   surfer-x   2005 Oct 5, 6:50am  

"Don't hate the playa, hate the game"

Ice-T

501   SQT15   2005 Oct 5, 6:54am  

I feel women have been forced to believe they can have it all, work and family. We’ll, you can’t. And the kids suffer. Mine won’t though! I’ve noticed the same attitude with my peers.

Having it all...what a crock! Let's see. I can get up at 4:00 in the morning so I can get ready for work and get the kids up and ready for school/daycare. Then I get to drop the kids off and make it to work with seconds to spare. I get to work a full day then race to pick up the kids from their after-school/daycare programs. Then I get to go home and try to get some kind of dinner on the table as I am trying to get some "quality time" with my kids. My husband will then come home and try to wrangle the kids and get as many chores done as he can before dinner. We then scarf down our meal since we'll barely have time for homework before bed/bath time. We spend the rest of the evening catching up on the chores we didn't get to before we collapse into bed and do it again the next day.
Yep-- those two incomes have really increased our quality of life!

I also have a couple of friends whose husband's elected to be the stay-at-home parent. I have to say, every dad I have ever met who stayed at home did a fabulous job.

502   Jamie   2005 Oct 5, 7:30am  

Oh, and don't forget you'll feel so guilty for making the liberated choice and working full time, that in the 1 hour per day that you spend with your kids, you won't want to discipline them/you'll be too tired to discipline them, so your kids will grow up to be spoiled, self-entitled brats.

I'm totally in agreement on the statement that two incomes does not bring an increase in quality of life and hasn't done crap for society or the family. I grew up a latch-key kid too, and while my mom had little choice as a single parent, I was absolutely determined when I decided to have kids that I'd be home with them.

Related to my first paragraph, I notice quite a few Boomer moms who waited until late in life to have kids, then are so enamored with their offspring that they believe they can do no wrong. God help us all when those kids reach adulthood...

503   SQT15   2005 Oct 5, 3:24pm  

Related to my first paragraph, I notice quite a few Boomer moms who waited until late in life to have kids, then are so enamored with their offspring that they believe they can do no wrong. God help us all when those kids reach adulthood…

I've noticed this trend too. I have a couple of friends who are basically good people, but having a kid at 40-something turned them into complete idiots who are unable to discipline their kids. This is not a spank/don't spank argument, it's simply a matter that they can't (or basically don't choose to) control their kids. And as scary as those kids will be at adulthood, just imagine the teen years. Yikes!

504   Jamie   2005 Oct 6, 7:46am  

"but having a kid at 40-something turned them into complete idiots who are unable to discipline their kids."

We are close to a family that fits this description. Their son has grown from an out-of-control brat of a toddler/preschooler into a sullen, unfriendly, selfish, impolite elementary-age kid. I can't even imagine what he'll be like as a teenager.

505   SQT15   2005 Oct 6, 12:44pm  

JeffMN

It's interesting to hear a Gen Y perspective of your own generation. You seem very well spoken and intelligent. Hopefully people like you will be able to salvage some morality out of your generation. I totally agree with your assessment of the Hollywood culture. I've experienced it firsthand and it's as bad as it seems.

506   Jamie   2005 Oct 6, 12:50pm  

Interesting, JeffMN. I probably agree with you, though I haven't given the generation younger than me that much thought yet because I'm only now figuring out that there *are* some people younger than me, LOL. I'm Gen X, and your comments on the Hollywood elite are particularly interesting to me because I realized, I can't even remember much of a Hollywood elite that was my age when I was in my teens/early twenties. I was not at all tuned into that culture--too busy going to college, working, and then I lived in Europe for years and lost touch with American culture altogether.

But now it's almost impossible not to turn on CNN or any other channel and hear the things that the 20-something Hollywood elite are up to. Makes me want to barf. I have to force myself to avert my eyes from the magazines at the grocery store to avoid getting all caught up in the lurid details of the latest Hollywood scandal.

Anyway, I think we rant about the Boomers a lot because they are in control right now, and because we are at the age where we're starting to look around at the mess the generation before us made and wonder how we're going to clean it up.

507   Peter P   2005 Oct 6, 5:18pm  

I think Gen-X is the paranoid generation. I myself probably worry too much, about everything.

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