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JWM in SD
ParticipantOh come off it already…who are you kidding? You are truly deserving of the scorn and derision you’ve received here for truly ignorant remarks.
Rationally bidding up home prices? Really? Tell that to those in Murietta and Temecula who were defrauded to the tune of over 1B.
Credit contraction is happening as we speak (a little event called subprime implosion…maybe you haven’t heard). Check out the following tickers: NFI, NEW, LEND. Now tell me that people were rationally bidding up home prices. NO THEY WERE NOT JACKASS!!! They were doing so with exotic lending and in a lot of cases outright fraud.
Inflation will save the day…yeah right. My salary will double overnight and Bernanke will giftwrap a wad $1,000 bills for me personally. Ain’t going to happen.
Get over it douchebag, the party is over. People in SD have to start getting real jobs again as opposed to living off their overpriced stucco boxes.
Bitter renter you say…well maybe two years ago, but not now.
I have cash and I have time desperate seller, what do you have besides a mountain of debt and a stucco box?
February 25, 2007 at 9:39 PM in reply to: Is it just me or has the troll quotient ratcheted up recently? #46211ParticipantYes, I’ve noticed it on the Ben Jone’s Blog as well as the SCREB blog too. Maybe it’s the REIC launching a counter attack on the bearish blogs since we seem to be raining on their parade.
ParticipantSorry, but it’s still not the norm to do telecommuting at most workplaces. You do that at the risk of your own career advancement. Most who do that indefinitely are career contractors. Maybe you do okay and maybe you don’t, but it’s a stretch to say that those people are going to hold up the SD economy.
ParticipantJust won’t give up there will you raybyrnes? Good, you keep on spouting that nonsense right into the downturn you moron and I will be laughing at you all the way…
ParticipantDesparate Buyer??? More like Desparate Seller. Get lost you Freakin Moron.
Seriously, people do not get rattled by weak ass attempts like this clown made today.
Hey desparate buyer why don’t you go out and buy a few houses here in SD with 100% neg am loans then and tell us how you’re doing a year from now.
Get A Fucking Clue.
ParticipantMaybe you need to sharpen your reading comprehension skills there Chris. What I said was that I don’t make bets with people that I don’t know…nothing to do with my convictions about where the economy is heading and it is heading for a severe recession given the scope of this credit bubble….yes, credit bubble, not housing bubble. House prices are merely symptom of the liquidity that’s been pumped into the system via M3 by the Fed. This will not end nicely and OC will suffer severely because of it’s dependance on Real Estate related growth over the past several years. It will switch from being a virtuous cycle to a vicious cycle with several feedback loops ranging from house prices through consumer goods.
I suggest that you start reading more about economics before you suggest that OC will be spared.
ParticipantYeah, but first they have to sell their house…..
ParticipantSorry, not in the habit of making bets with message board posters that I don’t know. Try someone else on that one.
ParticipantBwhahahaha, are you freaking kidding me?? Get a clue pal, OC is toast.
Participant….and coffee is for closers…
Participant“We don’t regret our purchase.”
Not if you used exotic financing and/or have to move in the next couple of years.
ParticipantSo what are you saying exactly? That rate decrease will kick this off again? No, it won’t save housing. The Fed cannot drop rates much lower than they are now and certainly not low enough to save all the FBs from their resetting teaser rates.
ParticipantDuck,
You’re driving with your rearview mirror man.
ParticipantYeah, I have to admit, you called it alright. Now if we can get this site to be a housing bubble site again instead a bunch of pansies fretting over foot traffic at 4closure ranch.
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