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Why do people deny the existence of housing bubbles?


               
2005 Jul 16, 10:29am   12,746 views  83 comments

by Peter P   follow (2)  

Some people deny that housing bubbles exist. Some even suggest that the recent appreciation is sustainable.

Are the consequences too scary to fathom? Are they just blinded by greed and fear? Do they even have the right information?

#housing

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25   Peter P   @   2005 Jul 16, 12:18pm  

Jack, honestly, I think Marinara is a different person. His hostility index is down, no?

26   SQT15   @   2005 Jul 16, 12:19pm  

Ok Jack. You're weird.

27   Peter P   @   2005 Jul 16, 12:19pm  

Call me weird, but I like the heat..

And you live where? North Bay?

28   SQT15   @   2005 Jul 16, 12:19pm  

:D

29   SQT15   @   2005 Jul 16, 12:26pm  

I hear BA has later summer's than here. A friend said that Sept. Oct. can be pretty hot out your way.

30   Peter P   @   2005 Jul 16, 12:31pm  

"Dang Marinara — 73 posts in 2 hours, you are a moooooover and a shaker"

Traffic is approaching that of Ben Jone's site... for now. :)

31   SQT15   @   2005 Jul 16, 12:31pm  

Ewe know that Marinara.

32   Peter P   @   2005 Jul 16, 12:33pm  

“The blog….Where people really DO care about YOU!”

Here, everybody cares about everybody. The choice of language is another issue though. ;)

(On Ben's blog, even I was called a troll once because someone misread my comments.)

33   SQT15   @   2005 Jul 16, 12:34pm  

(Would you like to be called “Ms. SAUCE”, Astrid? Hmmmmmmmmm?)

Now Jack. That's just uncalled for.

34   SQT15   @   2005 Jul 16, 12:42pm  

I think we've all run into Marinara type people in our personal lives, and it's hard not to wish people like that get burned when there is a reckoning. But, by and large, the people out there buying homes these last couple of years are just being taken advantage of by unscrupulous lenders pushing NAAVLP's, and no one wishes them HARM. I am very uncomfortable with the idea of a massive crash that could really hurt the economy. If I could wish for anything it would be a correction that forces lenders to tighten their standards so that people who don't know what they are doing don't get in over their heads anymore.

35   Peter P   @   2005 Jul 16, 12:43pm  

Ahh, life as a homeowner with 300K in liquid assets, and a nice SFH in The Marina is so wonderful.

You are not going get us jealous. You may try but you will fail.

I admire Soros/Buffett and am perheps jealous of someone who owns a Gulfstream G550. From your comments, I guess that you still fly commercial. Work at it. :)

36   SQT15   @   2005 Jul 16, 12:44pm  

Rented Lol.

37   Peter P   @   2005 Jul 16, 12:45pm  

You were not directing the language worries at me were you?

Not at all. Language is actually a non-issue. We do need some f???-words flying around occasionally or this will be too PG-13, right?

38   SQT15   @   2005 Jul 16, 12:45pm  

Jack
It's nice to know you're not a fixer-upper.

39   Peter P   @   2005 Jul 16, 12:49pm  

Actually though Peter, I NEVER stop being amazed at your INCREDIBLY unshakable patience. Are you that way all the time? or is it something you developed professionally, and you are just faking it!

What do you expect me to do? I lose patience only when I am waiting for food.

40   SQT15   @   2005 Jul 16, 12:52pm  

Peter P Says:

What do you expect me to do? I lose patience only when I am waiting for food.

You sound just like my 19 month old son. Come to think of it, so does Marinara, but my son is more articulate.

41   SQT15   @   2005 Jul 16, 12:53pm  

Not more articulate than you Peter. ;)

42   SQT15   @   2005 Jul 16, 1:16pm  

Never, Never feed the trolls. Baiting ok.

43   SQT15   @   2005 Jul 16, 1:17pm  

If you feed them, they keep coming back.

44   SQT15   @   2005 Jul 16, 1:20pm  

Blah Blah Blah, Yadda Yadda Yadda. Nothing new to say...
Uh Oh. I'm giving negative attention. Bad QT. I'm feeding the beast.

45   SQT15   @   2005 Jul 16, 1:21pm  

Jack

In some way's I'm always on your side. I certainly respect you.

46   SQT15   @   2005 Jul 16, 1:40pm  

I didn't know it was going to be fairy tale night on the blog. I wish I had known, I could've asked HARM for pointers and everything. Damn.

47   SQT15   @   2005 Jul 16, 1:46pm  

I NEVER NEVER believe braggarts. If Marinara is God's gift at 28, why's he here with all us "losers" on a Saturday night. Where are all the women panting to get their hands on his "prime real estate?"

48   SQT15   @   2005 Jul 16, 1:49pm  

And no, no matter what answer Marinara gives to that question, I won't buy it either. No credibility.

49   SQT15   @   2005 Jul 16, 1:57pm  

I guess he'll have to rent a good night's sleep.

50   SQT15   @   2005 Jul 16, 2:08pm  

Night Astrid

Fun having you along tonight.

51   SQT15   @   2005 Jul 16, 2:09pm  

I thought ALWAYS ON TRANSMIT was TWIT.

52   SQT15   @   2005 Jul 16, 2:11pm  

Jack
Only one beer. You're probably a couple of six packs behind Marinara. Have I been feeding the Trolls? All that negative attention, I know. I should know better.

53   SQT15   @   2005 Jul 16, 2:15pm  

Jack
I hear ya. Fog obscures everything. Even one's thinking apparently.

54   SQT15   @   2005 Jul 16, 2:23pm  

AC on all day. Still hotter than hades.

You know, I never thought I'd say this. But I'm really looking forward to Surfer-X's response to tonights blog. It should be really interesting.

55   SQT15   @   2005 Jul 16, 2:24pm  

Astrid was right, things have slowed down a bit. Did TWIT check out too?

56   praetorian   @   2005 Jul 16, 2:25pm  

Just an observation: the notion that someone who writes at the level that MP does can own a home at 28 without massive parental (and possibly governmental) intervention is, like, preposterous or something.

And I say this as a 28 year old. Seriously.

Like, Oh My Gah, Cheers,
prat

57   SQT15   @   2005 Jul 16, 2:28pm  

Prat
I've been saying all night that mummy and daddy must be involved. So far no rebuttals to that effect. But would anyone believe Marinara anyway?

58   SQT15   @   2005 Jul 16, 2:29pm  

That is, if one believes there is an iota of truth in Marinara's ravings, the only explaination is mummy and daddy.

59   SQT15   @   2005 Jul 16, 2:30pm  

I LOVE Surfer-X’s posts!

I'm learning to appreciate the finer points of Surfer-X's rants.

60   SQT15   @   2005 Jul 16, 2:33pm  

I am sitting here, hoping that HARM is working on a new fable to include the dearly deluded Marinara. If not, I'll have to brush off my story telling technique, but I think I could do it as well. I mean, what do I cast him as? Pinocchio?

61   SQT15   @   2005 Jul 16, 2:35pm  

I remember a really terriffic reply you had to one of Surfer-X's rants that went a tad too far. I really thought you had a good grasp of how to speak his *language*. ;)

62   SQT15   @   2005 Jul 16, 2:36pm  

Oops. I meant to say I DON"T think I could do the story as well as HARM.

63   SQT15   @   2005 Jul 16, 2:37pm  

Not sure at all. But the ego seems to be male. I mean women definately don't have the need to compensate that men sometimes do. And boy, is this guy (I thinkk) compensating for something.

64   SQT15   @   2005 Jul 16, 2:42pm  

Outside of school, I’m a totally unhealthy recluse!

I'm so surprised. (really) You seem like a people person to me.

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