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Zeitgeist.
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May 8, 2009 at 9:48 AM #15630May 8, 2009 at 9:54 AM #394969
Mark Holmes
ParticipantWell, it certainly seems like that’s what is happening right now, and I don’t see a reason for it to stop any time soon. I’ve given up on the idea of buying a house for now. The idea of “investing” in what is clearly a game controlled very tightly by the house (the banks) is not to my liking. It’s like going to a casino that you know is run by the mob, where all the slots are rigged and every game is fixed.
I’ll keep renting…
May 8, 2009 at 9:54 AM #395220Mark Holmes
ParticipantWell, it certainly seems like that’s what is happening right now, and I don’t see a reason for it to stop any time soon. I’ve given up on the idea of buying a house for now. The idea of “investing” in what is clearly a game controlled very tightly by the house (the banks) is not to my liking. It’s like going to a casino that you know is run by the mob, where all the slots are rigged and every game is fixed.
I’ll keep renting…
May 8, 2009 at 9:54 AM #395439Mark Holmes
ParticipantWell, it certainly seems like that’s what is happening right now, and I don’t see a reason for it to stop any time soon. I’ve given up on the idea of buying a house for now. The idea of “investing” in what is clearly a game controlled very tightly by the house (the banks) is not to my liking. It’s like going to a casino that you know is run by the mob, where all the slots are rigged and every game is fixed.
I’ll keep renting…
May 8, 2009 at 9:54 AM #395491Mark Holmes
ParticipantWell, it certainly seems like that’s what is happening right now, and I don’t see a reason for it to stop any time soon. I’ve given up on the idea of buying a house for now. The idea of “investing” in what is clearly a game controlled very tightly by the house (the banks) is not to my liking. It’s like going to a casino that you know is run by the mob, where all the slots are rigged and every game is fixed.
I’ll keep renting…
May 8, 2009 at 9:54 AM #395634Mark Holmes
ParticipantWell, it certainly seems like that’s what is happening right now, and I don’t see a reason for it to stop any time soon. I’ve given up on the idea of buying a house for now. The idea of “investing” in what is clearly a game controlled very tightly by the house (the banks) is not to my liking. It’s like going to a casino that you know is run by the mob, where all the slots are rigged and every game is fixed.
I’ll keep renting…
May 8, 2009 at 10:08 AM #394988carlsbadworker
ParticipantSlightly off the topic but the whole “stress-test” is a joke. But it did accomplish one thing: now that the government is the conspirator of the banks to hide those shadown inventory, or else it will contradict itself. We are going down the same route as Japan.
May 8, 2009 at 10:08 AM #395240carlsbadworker
ParticipantSlightly off the topic but the whole “stress-test” is a joke. But it did accomplish one thing: now that the government is the conspirator of the banks to hide those shadown inventory, or else it will contradict itself. We are going down the same route as Japan.
May 8, 2009 at 10:08 AM #395459carlsbadworker
ParticipantSlightly off the topic but the whole “stress-test” is a joke. But it did accomplish one thing: now that the government is the conspirator of the banks to hide those shadown inventory, or else it will contradict itself. We are going down the same route as Japan.
May 8, 2009 at 10:08 AM #395511carlsbadworker
ParticipantSlightly off the topic but the whole “stress-test” is a joke. But it did accomplish one thing: now that the government is the conspirator of the banks to hide those shadown inventory, or else it will contradict itself. We are going down the same route as Japan.
May 8, 2009 at 10:08 AM #395654carlsbadworker
ParticipantSlightly off the topic but the whole “stress-test” is a joke. But it did accomplish one thing: now that the government is the conspirator of the banks to hide those shadown inventory, or else it will contradict itself. We are going down the same route as Japan.
May 8, 2009 at 10:10 AM #394992blahblahblah
Participantsdduuuuude is absolutely correct, this is going to happen. As for the carrying costs of all these dead assets, well the bailouts will help. They may choose to rent some of them out or do loan reworks that basically turn “homeowners’ into renters. There will also probably be some mysterious fires from time to time that take care of some of the unoccupied ones. Home prices may come down but it won’t be because of these foreclosures. The values of homes must be kept high! It’s just like the Soviet Union pretending that their harvest are at record yields while all of the store shelves are empty; the party line doesn’t reflect reality, everyone knows it but we just keep playing along. Be brave, comrades!
May 8, 2009 at 10:10 AM #395244blahblahblah
Participantsdduuuuude is absolutely correct, this is going to happen. As for the carrying costs of all these dead assets, well the bailouts will help. They may choose to rent some of them out or do loan reworks that basically turn “homeowners’ into renters. There will also probably be some mysterious fires from time to time that take care of some of the unoccupied ones. Home prices may come down but it won’t be because of these foreclosures. The values of homes must be kept high! It’s just like the Soviet Union pretending that their harvest are at record yields while all of the store shelves are empty; the party line doesn’t reflect reality, everyone knows it but we just keep playing along. Be brave, comrades!
May 8, 2009 at 10:10 AM #395464blahblahblah
Participantsdduuuuude is absolutely correct, this is going to happen. As for the carrying costs of all these dead assets, well the bailouts will help. They may choose to rent some of them out or do loan reworks that basically turn “homeowners’ into renters. There will also probably be some mysterious fires from time to time that take care of some of the unoccupied ones. Home prices may come down but it won’t be because of these foreclosures. The values of homes must be kept high! It’s just like the Soviet Union pretending that their harvest are at record yields while all of the store shelves are empty; the party line doesn’t reflect reality, everyone knows it but we just keep playing along. Be brave, comrades!
May 8, 2009 at 10:10 AM #395516blahblahblah
Participantsdduuuuude is absolutely correct, this is going to happen. As for the carrying costs of all these dead assets, well the bailouts will help. They may choose to rent some of them out or do loan reworks that basically turn “homeowners’ into renters. There will also probably be some mysterious fires from time to time that take care of some of the unoccupied ones. Home prices may come down but it won’t be because of these foreclosures. The values of homes must be kept high! It’s just like the Soviet Union pretending that their harvest are at record yields while all of the store shelves are empty; the party line doesn’t reflect reality, everyone knows it but we just keep playing along. Be brave, comrades!
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