Comments on: Politicians and Bush say ‘F-you’ to RESPONSIBLE Americans and extend the housing bubble 5 more years (at least) http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/ Mortgage insiders view on mortgages, real estate, debt, and the housing bubble. site by SoCalMtgGuy, author of - Another F@CKED Borrower Wed, 23 Jul 2008 18:30:53 +0000 http://wordpress.org/?v=2.0.5 by: Pernell Oliver http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-547119 Mon, 24 Mar 2008 12:05:23 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-547119 everbearer postloral panesthesia loess journeyworker logographical impact errantness <a href="http://www.alwintonparish.co.uk/" rel="nofollow">Alwinton Parish Council</a> http://www.epaxsys.net/ everbearer postloral panesthesia loess journeyworker logographical impact errantness
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]]> by: consolidated credit counselors http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-533759 Thu, 21 Feb 2008 07:47:37 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-533759 <strong>consolidated credit counselors...</strong> Levitt Bauhaus lurch!ruddy?... consolidated credit counselors…

Levitt Bauhaus lurch!ruddy?…

]]> by: SoCalMtgGuy http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-509438 Sun, 16 Dec 2007 07:38:52 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-509438 (Posting this for RoadTripBoy - SoCalMtgGuy) Alex, Thank you for your exposition of market efficiency. I've never heard of such a concept, but then financial markets aren't something I know much about. I think I'm really struck by the hypocracy we inject into our capitalist system. No one has any difficulty extolling its virtues, in theory. But when it comes to actual practice, it seems to me that principles of the "free market" and personal responsibility go out the window in favor of more (dare I say!) socialist approaches to solving problems. Someone else on this blog said it well a long time ago: Privatize the profits and socialize the losses. RoadTripBoy (Posting this for RoadTripBoy - SoCalMtgGuy)

Alex,

Thank you for your exposition of market efficiency. I’ve never heard of such a concept, but then financial markets aren’t something I know much about. I think I’m really struck by the hypocracy we inject into our capitalist system. No one has any difficulty extolling its virtues, in theory. But when it comes to actual practice, it seems to me that principles of the “free market” and personal responsibility go out the window in favor of more (dare I say!) socialist approaches to
solving problems.

Someone else on this blog said it well a long time ago: Privatize the profits and socialize the losses.

RoadTripBoy

]]> by: RoadTripBoy http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-508784 Thu, 13 Dec 2007 05:46:50 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-508784 Dogma/Diomedes, You both raise a lot of good points. I've been a life long democrat and over the past several years I have lost nearly all my patience with that party. Even today I just read an article on Yahoo about someone from the Clinton campaign suggesting that Clinton attack Obama on his admitted illegal drug use. For her to do that after her own husband went on record saying "I didn't inhale" would be the height of hypocracy. I hope she doesn't do it. I've seen the suggestion that those of us who are registered democrats and republicans change our status to independent. I wonder if that really would get our 2 parties to take notice? We desperately need a third and fourth party in this country. Our current two parties take way too much for granted. It's time they start to earn our votes again! Dogma/Diomedes,

You both raise a lot of good points. I’ve been a life long democrat and over the past several years I have lost nearly all my patience with that party. Even today I just read an article on Yahoo about someone from the Clinton campaign suggesting that Clinton attack Obama on his admitted illegal drug use. For her to do that after her own husband went on record saying “I didn’t inhale” would be the height of hypocracy. I hope she doesn’t do it.

I’ve seen the suggestion that those of us who are registered democrats and republicans change our status to independent. I wonder if that really would get our 2 parties to take notice? We desperately need a third and fourth party in this country. Our current two parties take way too much for granted. It’s time they start to earn our votes again!

]]> by: Cash Is King http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-508172 Tue, 11 Dec 2007 03:46:09 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-508172 Please save the anti-Bush hysterics -- Hillary Clinton rolled out her own bailout plan. Politicians pander, it's what they do, regardless of party, so let's get past the partisan blinders. These "plans" won't do much, except perhaps slightly ease the panic among home sellers and realtwhores. But housing "affordability" is still out of control, so there will be no rush to snap up the bloated housing inventory. I read this week that Ohio has a 20 YEAR supply of $500K homes. Also, lenders such as Countrywide have already securitized the mortgages and sold them to investors. The train has left the station. The housing meltdown will continue unabated. Please save the anti-Bush hysterics — Hillary Clinton rolled out her own bailout plan. Politicians pander, it’s what they do, regardless of party, so let’s get past the partisan blinders.

These “plans” won’t do much, except perhaps slightly ease the panic among home sellers and realtwhores. But housing “affordability” is still out of control, so there will be no rush to snap up the bloated housing inventory. I read this week that Ohio has a 20 YEAR supply of $500K homes.

Also, lenders such as Countrywide have already securitized the mortgages and sold them to investors. The train has left the station.

The housing meltdown will continue unabated.

]]> by: Nozferatu http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-508090 Mon, 10 Dec 2007 22:24:34 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-508090 FOR ALL THE PEOPLE WHO THINK THIS BAILOUT WON'T HELP...you're missing the point. The point isn't that whether it will help or not, the point is that the government WILL NOT help or assist people who are honest, hard-working, and have integrity. No one...NO ONE cares about those things in this country. Perhaps there was a time (WHICH I doubt very much given this country's history of lying, cheating, every man for himself legacy) where people worked like that but not anymore. Laws are not made to keep people honest...they are made to keep people people down. It simply doesn't pay to be honest and hardworking in this country...only the bigger fools do that. FOR ALL THE PEOPLE WHO THINK THIS BAILOUT WON’T HELP…you’re missing the point. The point isn’t that whether it will help or not, the point is that the government WILL NOT help or assist people who are honest, hard-working, and have integrity. No one…NO ONE cares about those things in this country. Perhaps there was a time (WHICH I doubt very much given this country’s history of lying, cheating, every man for himself legacy) where people worked like that but not anymore.

Laws are not made to keep people honest…they are made to keep people people down. It simply doesn’t pay to be honest and hardworking in this country…only the bigger fools do that.

]]> by: Tom http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507683 Sun, 09 Dec 2007 14:47:02 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507683 Don't forget about the anti-bailout petition. http://www.petitiononline.com/bailout/petition.html Don’t forget about the anti-bailout petition.

http://www.petitiononline.com/bailout/petition.html

]]> by: tina http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507584 Sun, 09 Dec 2007 06:48:24 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507584 This plan will not work. It is a plan to help investors who were blowing actually sobbing in Bush's ear...his friends. They are getting PAID. That is all he did is get them paid. Its not a bailout for Joe Blow. I am in Arizona, the developer built in 2004 and finished very quickly and did a turnover to the association in early 2005. He eliminated the parking and squeezed as many houses as he could into this development. The highest house was sold for 264k that house is now worth 180K, people who bought 4 and 5 of these homes on speculation with a 3-5 yr arm, 80/20 loan are now trying to rent them...turning the complex into a fiasco. The management companies are renting with a lock box on the door at a discounted rental rate (wonder if the owner knows), and if someone buys they move the tenants to another house they have for rent. The rent that is collected doesnt cover the mortgage note and the assessments which have just gone up due to more maintenance needed due to the mentality of certain renters. I have bought lots of popcorn for the show that I am about to see unfold for the next 5-7 years (maybe 10). Credit card debt is at an all time high, somethings got to give. You have to pay the piper sometime. By the way, I am from Michigan and Michigan is doing (in certain areas) better than Arizona. This plan will not work. It is a plan to help investors who were blowing actually sobbing in Bush’s ear…his friends. They are getting PAID. That is all he did is get them paid. Its not a bailout for Joe Blow. I am in Arizona, the developer built in 2004 and finished very quickly and did a turnover to the association in early 2005. He eliminated the parking and squeezed as many houses as he could into this development. The highest house was sold for 264k that house is now worth 180K, people who bought 4 and 5 of these homes on speculation with a 3-5 yr arm, 80/20 loan are now trying to rent them…turning the complex into a fiasco. The management companies are renting with a lock box on the door at a discounted rental rate (wonder if the owner knows), and if someone buys they move the tenants to another house they have for rent. The rent that is collected doesnt cover the mortgage note and the assessments which have just gone up due to more maintenance needed due to the mentality of certain renters. I have bought lots of popcorn for the show that I am about to see unfold for the next 5-7 years (maybe 10). Credit card debt is at an all time high, somethings got to give. You have to pay the piper sometime. By the way, I am from Michigan and Michigan is doing (in certain areas) better than Arizona.

]]> by: REX http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507574 Sun, 09 Dec 2007 06:04:07 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507574 I'VE WORKED HARD TO SAVE MONEY AND GET OUT OF DEBT. I RENT A PIECE OF $%#^ CONDO WHICH MY WHOLE FAMILY IS COMPACTED IN, INCLUDING THE DOG. I HAVE A GREAT JOB WITH THE FIRE DEPARTMENT AND MAKE GOOD MONEY. I HAVE WANTED TO OWN A HOUSE FOR FIVE YEARS BUT WITH $200,000 HOMES GOING FOR $600,000 HERE IN CALIFORNIA, I NEW I WOULD HAVE TO BE AN COMPLETE IDIOT TO PURCHASE, EVEN WITH LENDERS PUSHING SUB-PRIME LOANS DOWN MY THROAT. I WAS SURE WRONG. I AM BEING PUNISHED NOW BY THE GOVENMENT WITH THIS BULL%$#@ BAIL-OUT. I SHOULD HAVE BOUGHT A MILLION DOLLAR MANSION ON THE BEACH, HELL WHY NOT GET A NEW HUMMER AND ROLEX TOO! IT DOES NOT MATTER IF I CAN'T AFFORD IT, BUSH AND PAULSON COULD JUST BAIL ME OUT. I JUST WANT TO VOTE RIGHT NOW! I’VE WORKED HARD TO SAVE MONEY AND GET OUT OF DEBT. I RENT A PIECE OF $%#^ CONDO WHICH MY WHOLE FAMILY IS COMPACTED IN, INCLUDING THE DOG. I HAVE A GREAT JOB WITH THE FIRE DEPARTMENT AND MAKE GOOD MONEY.

I HAVE WANTED TO OWN A HOUSE FOR FIVE YEARS BUT WITH $200,000 HOMES GOING FOR $600,000 HERE IN CALIFORNIA, I NEW I WOULD HAVE TO BE AN COMPLETE IDIOT TO PURCHASE, EVEN WITH LENDERS PUSHING SUB-PRIME LOANS DOWN MY THROAT.

I WAS SURE WRONG. I AM BEING PUNISHED NOW BY THE GOVENMENT WITH THIS BULL%$#@ BAIL-OUT. I SHOULD HAVE BOUGHT A MILLION DOLLAR MANSION ON THE BEACH, HELL WHY NOT GET A NEW HUMMER AND ROLEX TOO! IT DOES NOT MATTER IF I CAN’T AFFORD IT, BUSH AND PAULSON COULD JUST BAIL ME OUT.

I JUST WANT TO VOTE RIGHT NOW!

]]> by: TresSher http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507441 Sat, 08 Dec 2007 19:21:56 +0000 http://housingbubblecasualty.com/politicians-and-bush-say-f-you-to-responsible-americans-and-extend-the-housing-bubble-5-more-years-at-least/#comment-507441 Was talking to a friend about all this the other day and he pointed out the timing of the Bush bailout. Christmas. Could this also an be an attempt to keep the consumer spending party going through Christmas? Then there's the possible move to keep the economy looking better for 2007 so the Democrats have less to complain about during the 2008 election season. Think so? Was talking to a friend about all this the other day and he pointed out the timing of the Bush bailout. Christmas. Could this also an be an attempt to keep the consumer spending party going through Christmas?

Then there’s the possible move to keep the economy looking better for 2007 so the Democrats have less to complain about during the 2008 election season.

Think so?

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