All About Wealth Disparity
by HARM
on 21 Apr 2007
234 comments, latest 6 days ago
One of the topics that has kept coming up over the 2 years of this blog's existence is wealth and income disparity. It's pretty obvious from a number of different ...
HARM
joined 2005 Jul 4 Has 0 followers. Is following 0.➕follow (0) 💰tip
threads pinned by HARM
authored 4,751 comments and 119 threads
HARM's threads
by HARM on 12 Jun 2007 85 comments, latest 12 years ago
Patrick.net's housing bubble blog today faced perhaps the greatest threat in its 2+ year existence when a newcomer named "Busted" posted the following: Busted Says: June 12th, 2007 at ...
by HARM on 27 Aug 2007 201 comments, latest 12 years ago
First came Jim Cramer's incoherent rant on the hedge fund/Wall Street meltdown, then came Bill Gross's semi-coherent plea to POTUS for a federal bailout of his struggling PIMCO bond ...
Favorite Realt-whore Cliches
by HARM on 4 Mar 2006 108 comments, latest 12 years ago
It’s not a house it’s a home. Buy now or you’ll be priced out forever. Renting is just throwing your money away. You have to live somewhere. They’re not ...
by HARM on 4 Mar 2006 108 comments, latest 12 years ago
It’s not a house it’s a home. Buy now or you’ll be priced out forever. Renting is just throwing your money away. You have to live somewhere. They’re not ...
by HARM on 22 Feb 2008 146 comments, latest 15 years ago
Judge Smales: "You'll get nothing and like it!" Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish Some highlights: Feb. 22 (Bloomberg) -- Joe Lents hasn't made ...
by HARM on 11 Jul 2007 121 comments, latest 16 years ago
We all know that a picture is worth a thousand words, and I believe this is also true of charts and graphs. A well designed chart has a way ...
by HARM on 20 Nov 2007 129 comments, latest 16 years ago
Sacramento Bee: "California lenders agree to freeze rates" In an unprecedented move designed to save thousands of California homeowners from foreclosure, Gov. Arnold Schwarzenegger announced a deal Tuesday with ...
by HARM on 7 Mar 2008 150 comments, latest 17 years ago
Lately, The Gloom-n-Doom here seems a bit thicker than normal, even for a grizzly bear such as myself. Yes, pain from the HB implosion & MEW withdrawal is spreading ...
by HARM on 27 Feb 2008 273 comments, latest 17 years ago
Fannie Mae, Freddie Mac Portfolio Caps Will Be Lifted (Update2) Phase 1 : Congress raised the GSE (Fannie and Freddie) conforming loan limit from $417,000 to $729,000. Phase 2 ...
by HARM on 19 Feb 2008 201 comments, latest 17 years ago
*pun courtesy of CalculatedRisk Intractable social problem: meet opportunity. Some homeless turn to foreclosed homes There have been several posts from yours truly contemplating this very idea, and now ...
by HARM on 20 Dec 2007 94 comments, latest 17 years ago
While the sheer volume of bubble/hedge fund/MBS-CDO implosion stories appearing in the news daily nowadays, it can be difficult to pick out the "pearls" among the pebbles, or the ...
by HARM on 15 Nov 2007 196 comments, latest 17 years ago
Wall Street Journal: "Home Builders Opt for Mothballing" (subscription required) Free re-post “As the glut of unsold home remains stubbornly high and housing demand slides, home builders face a ...
by HARM on 8 Nov 2007 161 comments, latest 17 years ago
Bankruptcy Law Backfires as Foreclosures Offset Gains (Update1) Nov. 8 (Bloomberg) -- Washington Mutual Inc. got what it wanted in 2005: A revised bankruptcy code that no longer lets ...
by HARM on 5 Nov 2007 141 comments, latest 17 years ago
PIMCO says housing delinquencies to rise into 2008 NEW YORK, Nov 5 (Reuters) - The Federal Reserve will have to cut its federal funds target rate to prevent a ...
by HARM on 2 Nov 2007 47 comments, latest 17 years ago
Mountain Enterprise: "Foreclosures May Not Impact Mountain As Badly As Bakersfield" The Mountain Enterprise. “Kathy Flick’s job is to compile all the notices of default that are recorded with ...
by HARM on 30 Oct 2007 130 comments, latest 17 years ago
LA Daily News: Foreclosures, housing slump hurting California economy “â&#x problem we are seeing now is that first-time homebuyers can’t get into the market,’ Mozilo said. ‘This is the ...
by HARM on 19 Jul 2007 254 comments, latest 17 years ago
We've often had lively debates here at Patrick.net about tax policy (flat tax vs. progressive tax, taxing wages vs. passive capital gains or consumption, what constitutes a "luxury" good ...
by HARM on 30 Jul 2007 125 comments, latest 17 years ago
We've had many posts on Laissez-Faire, anarchic capitalism vs. regulated markets here before, and I'm sure we'll have more in the future. Just saw this gem today (nod to ...
by HARM on 14 Jul 2007 54 comments, latest 17 years ago
Due to privacy & security concerns, I am unable to show you an actual street-front photo of Surfer-X's used house, so a 6-year-old nephew obliged with an artist's conception: ...
by HARM on 17 Jul 2007 87 comments, latest 17 years ago
Thanks to Ben Jones at the Housingbubbleblog for posting this delicious, glorious link. Life is sweet for North Port renters A massive supply of vacant homes in the city ...
by HARM on 27 Jun 2007 48 comments, latest 17 years ago
Source "A steep but cyclical decline in real estate advertising has forced The Bakersfield Californian to eliminate 40 positions, 10 of them through layoffs, company President and CEO Richard ...
by HARM on 31 May 2007 118 comments, latest 18 years ago
*(Update - 06/12/2007): On June 6th, Snowflake brought the blog back (surprise, surprise!), with a vague and unspecified claim of having been "forced" to bring it back. A couple ...
by HARM on 15 May 2007 241 comments, latest 18 years ago
A Farewell to (option-)ARMs David Lereah has officially vacated his post as chief shill, propagandist, economist for the NAR. Needless to say, we're really going to miss him here ...
by HARM on 10 May 2007 246 comments, latest 18 years ago
Housing woes to continue, expert says Economist says downturn could weaken state's financial future Contra Costa Times 05/10/2007 “The malaise in California home building will hound the state for ...
by HARM on 24 Apr 2007 190 comments, latest 18 years ago
So far, looks like SP wins the "best successor to Robert Cote's 'Silent Spring, 2006' award! (Well, technnically he has to share some of the credit with Nathaniel Welch, ...
by HARM on 17 Apr 2007 547 comments, latest 18 years ago
Sadistic, Greedy Buyers Toying with Sellers Like Cats with Prey* Copyright © 2007 UnReality Times®. All Rights Reserved. by David Lereah, Leslie Appleton-Young and John Karevoll As the alleged ...
by HARM on 13 Apr 2007 336 comments, latest 18 years ago
This is not a joke. Strawberry Picker Buys $720,000 House on $15,000/year Income HARM P.S. Sorry about the lazy post. I didn't have time to come up with something ...
by HARM on 10 Apr 2007 248 comments, latest 18 years ago
Mortgage Bondholders May Bear Subprime Loan Risk Some excerpts: The top Democrat and Republican on the House Financial Services Committee said investors in mortgage bonds should be liable for ...
by HARM on 6 Apr 2007 143 comments, latest 18 years ago
Please help me out here, but I'm struggling with a new concept I can't quite seem to get my mind wrapped around. Apparently, at some point in the recent ...
by HARM on 29 Mar 2007 220 comments, latest 18 years ago
One of the more interesting side-effects of the housing bubble's collapse is its ability to produce victims from some rather unexpected places. For example: Lennar Corporation, one of the ...
by HARM on 8 Mar 2007 221 comments, latest 18 years ago
Most of the posts here tend to pretty much revolve around posting housing/economic news stats, debunking REIC propaganda, ranting about the NAR/Fed, sharing stories, parodying ignorant FBs, etc. This ...
by HARM on 6 Mar 2007 179 comments, latest 18 years ago
As the rolling bubble crash gathers steam, and even formerly hostile MSM sources now reluctantly admit the bubble --and its bursting-- is undeniably real, one question remains: how did ...
by HARM on 1 Mar 2007 196 comments, latest 18 years ago
CNN Money/Fortune Interview with David Lereah: "Mr. Real Estate: 'All systems go, pockets of pain'" Q: You've been accused by the blog David Lereah Watch of being too bullish. ...
by HARM on 12 Feb 2007 128 comments, latest 18 years ago
Over the past 18 months or so of regular posting here, I've taken a considerable amount of flack for my criticism of MBS/CDO debt instruments as being a primary ...
by HARM on 8 Feb 2007 301 comments, latest 18 years ago
Please help the REIC and banksters! (for those unfamiliar with the term, please refer to the Housing Bubble Glossary). They need our help. Signs their beloved mega-global housing/credit bubble ...
by HARM on 7 Feb 2007 277 comments, latest 18 years ago
Inspired by Rainman18 (from Ben Jones' blog): Expect real estate prices to decline in the coming year Redlandsdailyfacts.com posted 02/06/2007 Attention everyone: "When put into perspective of a 10-year ...
by HARM on 25 Jan 2007 239 comments, latest 18 years ago
Quite a lot of debate among us Amerika-and-success-hating Patrick.netters has focused on where to lay the responsibility for the current housing bubble crash (which doesn't exist, btw). For most ...
by HARM on 19 Jan 2007 113 comments, latest 18 years ago
Ok, it's official. We can finally put to bed one of the perma-bull/Trolls' favorite myths: rents are not about to shoot up and correct the price-to-rent imbalance all by ...
by HARM on 3 Apr 2006 245 comments, latest 18 years ago
:mrgreen: Courtesy of Zen Master HARM :mrgreen: ©2006, all rights reserved Please feel free to post your own "pearls of wisdom"... (FYI: traditional Haiku uses 3-line stanza; 5-7-5 beat ...
by HARM on 14 Nov 2006 127 comments, latest 18 years ago
Ok, all you Photoshop wizards out there finally have a creative outlet. Please post links to any of your REIC/Bubble-themed masterpieces here. If you don't know Photoshop, no problem: ...
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