“Tickle-Me Condos” for everyone!!

[lendingbubblecontinues]

Back in 1996, it was the Tickle Me Elmo doll that had speculators and parents alike slugging it out in the Wal-Mart parking lot. Hell, I remember donating the doll I bought for our daughter to our church for their holiday auction….remember those days? A $20 toy fetching upwards of $1000 at the peak of the frenzy?

I see a lot of similarities here with our local/regional housing bubbles.

We need to be reminded that within several months of XMAS 1996 the Tickle Me Elmo doll was once again easy to find on the shelves of Toys R Us for $20. There were still fools attempting to get $400 for them too, even after the supply shift.

2003-2006’s equivalent: The “Tickle-Me Condo?”

Caveat Emptor (Buyer beware)

[john67elco]

LOL I remember those days. Good analogy…

[NotARocketScientist]

I have 1500 Tickle-Me-Elmos hidden in a vault in Escondido. My hedge against inflation and adversity. they’re like Krugerrands, you know.

[MANmom]

And I have thousands of McDonald’s beanie babies that I am hoarding like toilet paper for Y2K…I just have to keep my running program going to loose all the weight I gained with all those happy meals…does that condo come with a happy meal? Perhaps a beanie baby?

[Author]

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