Housing Bubble Stories

[NotCranky]

Going to the other extreme:

We never hear, in mainstream media about the less educated, math challenged people,who worked hard and bought smart, who could make a few hundred thousand bubble windfall mean something and did. We all know,or have heard of some of them them right? Not people who worked the system too much, just normal people,In some cases even poor pre- boom FHA buyers,who knew when the gift horse showed up and made excellent decisions even though it was the first time they had ever seen money in their lives. The first time any of us had seen a bubble of this proportion they do everything right.What made that happen? Could there be lessons in their stories.

Maybe these people I speak of don’t want the attention anyway. The ones I know probably wouldn’t.

[ocrenter]

[quote=qwerty007]I’m a great fan of PBS. It’s just about the only channel on cable worth watching[/quote]

there’s something very wrong with that statement.

if PBS is the only channel you really watch, you really shouldn’t be wasting money on the cable bill, switch to OTA antenna! you’ll get PBS and all of the locals in HD for free!

[ocrenter]

[quote=qwerty007]I’m a great fan of PBS. It’s just about the only channel on cable worth watching[/quote]

there’s something very wrong with that statement.

if PBS is the only channel you really watch, you really shouldn’t be wasting money on the cable bill, switch to OTA antenna! you’ll get PBS and all of the locals in HD for free!

[ocrenter]

[quote=qwerty007]I’m a great fan of PBS. It’s just about the only channel on cable worth watching[/quote]

there’s something very wrong with that statement.

if PBS is the only channel you really watch, you really shouldn’t be wasting money on the cable bill, switch to OTA antenna! you’ll get PBS and all of the locals in HD for free!

[ocrenter]

[quote=qwerty007]I’m a great fan of PBS. It’s just about the only channel on cable worth watching[/quote]

there’s something very wrong with that statement.

if PBS is the only channel you really watch, you really shouldn’t be wasting money on the cable bill, switch to OTA antenna! you’ll get PBS and all of the locals in HD for free!

[ocrenter]

[quote=qwerty007]I’m a great fan of PBS. It’s just about the only channel on cable worth watching[/quote]

there’s something very wrong with that statement.

if PBS is the only channel you really watch, you really shouldn’t be wasting money on the cable bill, switch to OTA antenna! you’ll get PBS and all of the locals in HD for free!

[twisterfilms]

Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.

[twisterfilms]

Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.

[twisterfilms]

Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.

[twisterfilms]

Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.

[twisterfilms]

Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.

[Coronita]

[quote=twisterfilms]Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.[/quote]

Why does bad behavior always get rewarded with spots of being famous? Why not do a story, on you know, responsible people. I guess that wouldn’t see well, because the audience would be so small 🙁

[Coronita]

[quote=twisterfilms]Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.[/quote]

Why does bad behavior always get rewarded with spots of being famous? Why not do a story, on you know, responsible people. I guess that wouldn’t see well, because the audience would be so small 🙁

[Coronita]

[quote=twisterfilms]Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.[/quote]

Why does bad behavior always get rewarded with spots of being famous? Why not do a story, on you know, responsible people. I guess that wouldn’t see well, because the audience would be so small 🙁

[Coronita]

[quote=twisterfilms]Thanks for all the replies. We aren’t trying to do a hackneyed piece about how some tragic people who misread the housing market are now to be pitied. It’s more about reminding ourselves about what it felt like during the peak of the bubble. Robert Shiller is very good on how one of the things that convinces late entrants is their sense that they’ve missed out. It’s often people who start as housing bears who eventually succumb when they see people around them making huge amounts of money. Of course there are many fools who lose money because they don’t understand that anything that goes up can go down…but it’s fascinating to explore the rhythm of bubbles and how the apparent success of investors drives a momentum. It happens in the stock market apparently too…stocks that are doing well…are often traded more than statistically they should be (since the fact that they HAVE been doing well doesn’t signify anything about their future performance). Anyway, maybe there are ways to play the housing bubble, or any bubble and still come out of it ahead of the pack…but perhaps to do that, we have to control our emotions. Thanks for taking time to comment. All interesting. The show is broadcast on 27th April.[/quote]

Why does bad behavior always get rewarded with spots of being famous? Why not do a story, on you know, responsible people. I guess that wouldn’t see well, because the audience would be so small 🙁

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