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spdrun
ParticipantHousing is shaky as it is. A generalized slowdown affects general confidence and put the brakes on it.
It sure wasn’t growing much around 2001-2. Last time, housing affected everything else. This time, it might be the other way around.
ParticipantCan’t lower rates below zero, QE4 is politically improbable at this point (yay for both GOP houses!), oil is crashing, and China is headed for a mess. Seems like the ECB isn’t so keen on QE either.
2001 to 2008 was seven years. It’s been six years since the last mess…
ParticipantSure you can — with a general recession reducing all risk assets 🙂 Basically, if Europe, Russia, China, and energy firms lead the way down.
ParticipantAlso, average down payment right now is something over 10% down (I read 20% in SD) depending on area. 5% down (prior to now) and 3% down are theoretical minima, if a bunch of other criteria are met. Those criteria tend to raise real down payment requirements higher.
Anyway, hope the GOP congress puts FHFA’s yarbles in a vise and twists the handle. Hard. Tick-tock-tick-tock. Another month till some … change.
Here’s to President Christie in 2016 *clink*.
ParticipantHere’s hoping for another crash. Crashes are more fun than bubbles.
ParticipantSo let’s nationalize the entire American banking system!
Wouldn’t be a bad idea to kick the Wall Street scum to the curb.
ParticipantTiming belt AND timing chain? Must be German or French with that level of bizarre complexity.
December 6, 2014 at 7:08 PM in reply to: ot. time to eat some of whatever the hell that stuff is in the freezer. #780815Participant20-30 years. Sealed compressor and all.
Participant… or France. Or Germany. Or any number of countries where certain companies are publicly owned.
ParticipantHarold and Maude? Is this what you’re talking about?
That was more like 40-50 years difference. I just can’t stand people my own age. Whenever a 20-something opens his or her mouth, I want to shut it for them.
ParticipantOld men are not anti establishment. They are the establishment.
Tell that to Bill Kunstler or George Carlin.
ParticipantIf it allows me to marry someone 10-20 years older and retire early with her, then probably. 20 and early 30 somethings are boring and mostly disgusting to me. I’m an old man at heart, so I want to be with someone of the same age.
ParticipantThat’s why I’m so interested in foreclosed and short-sold property. For an uncreative soul like myself, buying a few distressed properties, turfing whatever is squatting there out, renovating them a bit, and renting to decent humans represents the quickest route to having the financial security of a 50 year old while still in my 30s and be able to retire with her once I hit my 40s and she hits her 60s.
If I could be 50 years old tomorrow and skip the rest of my 30s and 40s, I’d be happy as a pig in shit.
Participantwhy?
Because Prohibition really worked. Yep.
Speaking of which, today is the anniversary of the end of Prohibition. I plan to drink some absinthe, because fuck it.
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