Home › Forums › Financial Markets/Economics › Great Interview
- This topic has 96 replies, 21 voices, and was last updated 13 years ago by
sdrealtor.
-
AuthorPosts
-
November 10, 2011 at 6:38 PM #732703November 10, 2011 at 8:54 PM #732711
markmax33
Guest[quote=SK in CV][quote=markmax33]”Ron Paul didn’t predict the housing bubble for the right reasons” – SK in CV
That is your lie. Even Rich agreed with the fact the fed and Fannie Mae and Freddie Mac were the enablers of the housing bubble. None of the rest of the crap could have happened without those things. In the end everybody abused it, but you have to root out the CAUSE.[/quote]
There could be differing opinions on that. I don’t recall Rich saying that GSE’s had much to do with it. (I thought he placed primary responsibility with the rating agencies.) If he did blame it on the GSE’s, he’s wrong. And I’m pretty sure tht what I said was that Paul predicted it would be the GSE’s, not the Fed. (They really are different entities. And even moreso when Paul predicted the housing bubble.)
And probably more important, it wouldn’t be a lie if I thought it was the truth, even if I was incorrect. A lie is intentionally telling an untruth. It was intentional. And it was the truth. Ergo, no lie. Keep trying.[/quote]
You obviously didn’t take the 8 minutes to watch the video link I provided. Watch it and get back to me.
November 10, 2011 at 9:36 PM #732714scaredyclassic
Participantbig expectations usually involve a big letdown.
or at least we ron paulites will need to start thinking of who to blame when big changes don’t happen.
im not sk in cv. hell, im barely me.
November 10, 2011 at 9:40 PM #732715SK in CV
Participant[quote=markmax33]You obviously didn’t take the 8 minutes to watch the video link I provided. Watch it and get back to me.[/quote]
No, I didn’t. I don’t even know which link you’re talking about. Videos take too long. I read. Which video are you talking about?
November 10, 2011 at 9:46 PM #732716
Rich ToscanoKeymaster[quote=markmax33] Even Rich agreed with the fact the fed and Fannie Mae and Freddie Mac were the enablers of the housing bubble. [/quote]
Can you please stop A) dragging me into your debates and B) misquoting me?
November 10, 2011 at 9:59 PM #732718Participantnow i thinki just want ron paul to win to see if he lets markmax down.
November 11, 2011 at 2:08 PM #732757ucodegen
Participant[quote=Rich Toscano][quote=markmax33] Even Rich agreed with the fact the fed and Fannie Mae and Freddie Mac were the enablers of the housing bubble. [/quote]
Can you please stop A) dragging me into your debates and B) misquoting me?[/quote]The price of fame.. <snark>quoting you can give the author a sense of authority, even if mis-quoted.</snark>
BTW: Thanks for the Austrian links.. some of my reading I need to do this weekend.
November 11, 2011 at 2:44 PM #732762Guest[quote=SK in CV][quote=markmax33]You obviously didn’t take the 8 minutes to watch the video link I provided. Watch it and get back to me.[/quote]
No, I didn’t. I don’t even know which link you’re talking about. Videos take too long. I read. Which video are you talking about?[/quote]
http://www.youtube.com/watch?v=TNDvLRUevSo
Watch that, it’s an astonishing good 8 minutes.
November 12, 2011 at 8:32 PM #732820gandalf
ParticipantInterestingly enough, Ron Paul is upside down on his house in Galveston.
He bought into the housing bubble expecting to flip and sell, but now he’s underwater and fucked like all the rest of you chimps.
November 13, 2011 at 6:56 AM #732823briansd1
GuestI wonder how much down-payment Ron Paul put on his house. Maybe he wasn’t that smart and got a toxic mortgage?
November 16, 2011 at 10:09 AM #733049sdrealtor
Participant[quote=gandalf]Interestingly enough, Ron Paul is upside down on his house in Galveston.
He bought into the housing bubble expecting to flip and sell, but now he’s underwater and fucked like all the rest of you chimps.[/quote]
If he really did buy into the bubble and as we’ve been told he knew about the bubble, what does that say about him?
November 16, 2011 at 4:58 PM #733078aldante
Participant[quote=gandalf]Interestingly enough, Ron Paul is upside down on his house in Galveston.
He bought into the housing bubble expecting to flip and sell, but now he’s underwater and fucked like all the rest of you chimps.[/quote]
Gandalf,
Can you provide source for that?
November 17, 2011 at 9:49 AM #733105Guest[quote=aldante][quote=gandalf]Interestingly enough, Ron Paul is upside down on his house in Galveston.
He bought into the housing bubble expecting to flip and sell, but now he’s underwater and fucked like all the rest of you chimps.[/quote]
Gandalf,
Can you provide source for that?[/quote]
lol, he’s got a ton of gold and gold stock. He’s far from being in trouble financially. He’s actually got one of the best ROIs in Congress. He also does NOT have a big house. It’s one of the smallest and valued well under a $1M, probably closer to $400k.
November 17, 2011 at 10:53 AM #733108ParticipantSorry MM but that does nothing to answer the question. Is he upside on his house or not? If so how much underwater? If he is far underwater what does that say about him knowing we were in a massive housing bubble and why on earth he would buy into it?
FWIW I am a very independent voter and havent made my mind up on RP yet. I’m interested to see if actions sync with words here. I am all about actions as talk is cheap.
UPDATE: Looks like we can rule out him being a flipper or underwater unless he refi’d his way into it.
What he does appear to be however is a delusional seller!!!
http://www.zillow.com/homes/101-Blossom-St.,-lake-jackson,-tx_rb/#/homes/for_sale/Lake-Jackson-TX/18915_rid/29.044445,-95.427283,29.041105,-95.437347_rect/16_zm/0_mmm/
The house next door is currently asking $125,000 and he’s asking $325,0000
November 17, 2011 at 11:07 AM #733109bearishgurl
Participant[quote=sdrealtor] . . . UPDATE: Looks like we can rule out him being a flipper or underwater unless he refi’d his way into it.
What he does appear to be however is a delusional seller!!!
http://www.zillow.com/homes/101-Blossom-St.,-lake-jackson,-tx_rb/#/homes/for_sale/Lake-Jackson-TX/18915_rid/29.044445,-95.427283,29.041105,-95.437347_rect/16_zm/0_mmm/
The house next door is currently asking $125,000 and he’s asking $325,0000[/quote]
The $125K house is 1784 sf and Dr. Paul’s longtime homestead is 5500 sf. If this area is not on tract, then this price discrepancy is common in TX. Residents there normally build the type of home they want or need on the land they have available. If Dr. Paul actually built the house 42 years ago on land he previously owned, then the smaller, neighboring houses were already there and didn’t bother him at the time.
I don’t have any proof, of course, but based upon my personal knowledge of semi-rural and rural lifestyles in that area, Dr. Paul’s house was likely paid off many years ago.
Longtime Texas natives typically buy land and build houses exactly the way they want. They don’t care if there is a grain elevator next door, a cattle ranch or a small house. The small neighboring houses will not affect Dr. Paul’s value as he’s not asking for the moon, IMO.
-
AuthorPosts
- You must be logged in to reply to this topic.