- This topic has 36 replies, 17 voices, and was last updated 17 years, 7 months ago by
patb.
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August 18, 2006 at 12:25 AM #7236August 18, 2006 at 1:05 AM #32297
PerryChase
ParticipantWe beleive that the Middle East is the finest city anywhere. The climate is pleasant and the sea shore is beautiful. The Holy Land is located there so everyone wants to live there also.
In 2003, we bought a house on Iraq street. The place was a dump and the price was sky-high but we knew for sure that prices will keep on going up and the neighborhood would gentrify once we moved in and started to make improvements. Everyone in the neighborhood will copy us and beautify their houses, thus creating even more appreciation. It’s a slam dunk!
People who don’t follow us and invest in the appreciating Middle East market will be forever priced out. We certainly won’t share our newfound wealth with the loosers who didn’t listen to us. However, people in the coalition of the willing investors will be amply rewarded.
It’s now 2006 and we think that the improvements that we’ve made to the Iraq house positions it well in this stable market and improving market. After we borrow some more money and make additional improvements, we think that we can sell in it to investors. They are already standing by ready to buy the house — well they still need to qualify for a loan. They are credit counseling right now trying to improve their FICO scores.
The holding cost and negative cash flows have been killing us for the last 3 years but we’re confident that we can make it all up in appreciation.
Oh, btw, it looks like the houses on Lebanon Court, Syria Circle and Iran Way are great investments also. Unfortunately, we sunk all of our money in the Iraq house already so we need to borrow some more from the Bank of the People of America. But don’t worry, once all those houses sell, we’ll be so rich that we’ll be the masters of the universe.
That investment is for real, man. Don’t miss the boat!
August 18, 2006 at 1:30 AM #32300bgates
ParticipantYou’re unable to refute an argument of mine or make one of your own, so you make little jokes. Tell me why you believe everything the papers tell you about Iraq when you know they’ve been wrong about housing for the past 3 years. Can’t do it, can you.
August 18, 2006 at 7:51 AM #32306socalarm
Participantso you’re convinced that all the media are lying? this is interesting because the big media you criticize were precisely the ones who empowered this war three years ago. were you challenging their ideas then? if you were, in all seriousness i’m impressed. but if like a lot of buyers in RE, you are convinced the facts are wrong, not you, then there’s not much to say. i thought perry was hilarious btw.
i’m all for independent research too. try a blog search at technorati. use google news. if you see a single definitive news sources that paints a pleasant picture, i’d love to read itAugust 18, 2006 at 8:24 AM #32308lendingbubblecontinues
ParticipantThe main difference is there are plenty of WMDs to be found here(Warlocks of Marketing Doublespeak)that have been effectively terrorizing our citizenry with proclamations of “buy now or be priced out forever”.
No..I look forward to the day CNN shows footage of Marines pulling a filthy, scruffy David Lereah out of an abandoned condo conversion while shining a flashlight into his mouth and holding an article in front of him that quotes him as saying “soft landing”.
August 18, 2006 at 8:45 AM #32312(former)FormerSanDiegan
Participant“Home Prices in Deep Freeze” -CNN,
LA Times, NY Times, SD U-T all claiming that sales are off and prices are coming down.It’s being spread everywhere as if it were true. Major media outlets are now saying that the bubble is losing steam. Should we believe these mainstream media rumour-mongers ?
Perhaps, sometimes we should.
August 18, 2006 at 8:49 AM #32313powayseller
Participantbgates, I’ve wondered the same thing. If the media can be so wrong on housing, so wrong on stock market reporting (linking 2 unrelated events and implying causality), then how can I trust them on political reporting?
My brother says the media is hopelessly biased due to the views held by the owner of that media. Most media owners, and most Americans support Israel and Israel’s view.
Did anyone notice the german magazine Spiegel interviewed Iran’s president? Did a US media ever do this? If not, how can we expect to know anything about Iran? Second hand reporting about Iran is less accurate, as we all know. Bush telling us that Iran wants nuclear weapons could be self serving, to rally us behind his next war (which he desperately wants), and is like David Lereah telling us that now is a good time to buy houses.
Do you think NPR is any better? They seem to be independent and do their own coverage.
August 18, 2006 at 8:50 AM #32314smfj
ParticipantPerryChase: Fantastic!
bgates: Iraq is a catastrophe. Why do I believe this? Just because the media told me so? No, because I’ve heard it first hand from people I know who’ve been there, who are there, and who will be there again. Even the ones who most staunchly stand by our decision to be there will admit that it’s not a pretty picture.
August 18, 2006 at 8:51 AM #32315MANmom
ParticipantNow this, by the way, is good political satire related to the housing bubble! This is a perfect way to post political views on a housing blog…at least the two are related (kind of). It was a refreshing diversion from the norm, while still relevant. Very funny!
August 18, 2006 at 12:39 PM #32339North County Jim
ParticipantDid anyone notice the german magazine Spiegel interviewed Iran’s president? Did a US media ever do this?
You must have missed his interview with Mike Wallace on 60 minutes last weekend.
BTW, the German magazine is der Spiegel.
August 18, 2006 at 2:53 PM #32353speedingpullet
ParticipantSadly, this week all other news is subsumed by the most important story in the Whole Wide World…the capture of the (possible) killer of JonBenet Ramsey. Two days of wall-to-wall ‘coverage’ (ie specualation) on some guy in Thailand.
I mean no disrespect to the Ramsey family, and its not as if they haven’t had enough tragedy in thier lives recently. I’m glad for them if they manage some kind of closure over this.
But:
War in Afghanistan
War in Iraq
Shaky ceasefire in Lebanon
Worst oil spill since the Exon Valdiz in the Mediterranean
Syria and Iraq rattling sabres
North Korea possibly testing a nuclear bomb
The UN getting tough
Racial slurs caught on tape from both sides of the aisle
The White House battling with the Feds about US phone tapping
House prices tanking…these are the things I’m interested in.
CNN has spent two days rehashing old 1996 stories, talking to Joe Schmoe on the telephone, making #hit up and generally going to @ucking town on the JBR case, while the rest of the world goes to Hell in a Handcart.
All media is biased. Its best to get your news from as many different scources as you can, and make up your own mind.
August 18, 2006 at 3:51 PM #32356rocketman
ParticipantNow that 98 percent of the media is controlled by two major share holding corporations and one foreign investor I’ve noticed that there is more sensationalism and less focus on domestic and foreign news. Over the past five years I’ve seen more and more network news stations dropping off the air.
Don’t get me wrong, I don’t watch a lot of television, but I do consider myself somewhat of a “news hound” and just want to have a wide variety of news (print, radio, TV and internet) with as much unbiased facts as possible. Editorials and opposing views are welcomed as well.
It seems the Internet is turning out to be the most desirable place to google news stories – however, Google has shareholders too, as well as friends in Government (shhhh..).
The only national news on cable here in SF are CNN, Fox (if you consider Fox news) and BBC. MSNBC is not much different than CNN. I thought Larry King was into interviewing celebs – now he’s practically on the front lines. What’s up with that? Maybe Jerry Springer will be hosting “Suni’s vs Shites tonight at 6:00pm”. How about Oprah interviewing President Mahmoud Ahmadinejad – Now there’s an interview I’d want to watch :-). Next: Mike Wallace OUT – Katie Kouric IN.
August 18, 2006 at 6:07 PM #32365bgates
ParticipantEach in turn:
Socalalarm, it’s as foolish to assume the media are always wrong as it is to assume they’re always right (as FormerSanDiegan points out, they’re not always wrong even on housing). As for being convinced ‘the facts’ are wrong, you’re begging the question – our information comes from sources we know to be fallible. In the housing bubble, the ‘Rathergate’ fake memo story, the recent Photoshopped photos from a Reuters stringer, the media has screwed up or deliberately lied. Again, doesn’t mean they all do it all the time, but it means we should try to find independent information.Powayseller, I’ve noticed you tend to not believe anything Bush says. He claims Arabs were behind the 9/11 attacks. Do you believe him? Do you think maybe it was the Jews?
As far as Iranian nukes, France, Germany and the UK put out a united statement earlier this year that began:
Iran‘s nuclear activities have been of great concern to the international community since 2003, when Iran was forced to admit to the International Atomic Agency Authority that it was building a secret installation to enrich uranium, which could be used to produce material for nuclear
weapons. The IAEA Director General at the time found Iran’s policy of concealment had resulted in many breaches of its obligation to comply with the provisions of its Safeguards Agreement. Under the IAEA‘s rules, this should have been reported to theSecurity Council then.
Do you think Israel forced them to make that statement?I remarked on the Spiegel’s coverage of Ahmadinejad in another thread when I noted he claimed that “a green aura was coming out of his head during his speech to the United Nations.” The same article referred to his “hate mongering” in discussing the destruction of Israel. What do you think, ps, do the Jews run the German media as well?
smfj, I’ve been talking to guys who were there too, and they won’t call it a pretty picture either. But they won’t call it a lost cause or a catastrophe, and I have yet to hear from someone over there, “Yep, it’s pretty much the same as what the tv news says.”
Speedingpullet, agreed.
August 18, 2006 at 7:41 PM #32370smfj
Participantbgates, my point was that my opinion is not based on what I have heard in the media, as was implied in your initial post.
August 18, 2006 at 11:31 PM #32380rankandfile
ParticipantPowayseller, you are dripping with Iranian bias. Learning about Iran from Ahmadinejad is like learning about California from Charles Manson. You also downplayed his comments that Israel should be wiped off the map by saying there is no such phrase in his language. Should I also point out that he stated publicly that the Holocaust was a myth? http://www.cnn.com/2005/WORLD/meast/12/14/iran.israel/
I know you are of Iranian descent, but comon. Do you believe the Holocaust was a myth?
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