> Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

#1 2010-10-01 23:29:16

http://www.nicetaco.com/fcarchive/f6/58 … 88695.html

Well, they were wrong about calling the top.

#2 2010-10-01 23:32:13

http://www.nicetaco.com/fcarchive/f6/53 … 35419.html

posted 2002-07-30 09:20:00
shyt, i think the housing market gonna blow the fuq up sooner or later. i live in the washington dc metro and shyt is expensive here.
i am saving my cash for that fuqing day when everything tumbles like nasdaq - the shyt is evitable.

how the fuq are people paying for these fuqing houses - the debt is incredible. everyone is unemployed, well at the least the good paying high tech jobs.

#3 2010-10-01 23:33:05

posted 2002-07-30 09:34:00
quote:
Originally posted by Chesticles:
http://www.boston.com/dailynews/211/reg … _Is:.shtml

Sale prices in Rhode Island increased ONLY 19.5% in a three month period. This is a very healthy, sustainable increase commensurate with an exploding population and surging job market in New England.

Hey fuqstick,

That's a 3-month period YEAR-OVER-YEAR

Not in just 3 months... in TWELEVE months

But still, 20 fuqin' percent in a year... in RHODE ISLAND???

*POP* goes the bubble!

#4 2010-10-01 23:39:00

posted 2002-09-01 18:30:00
Because Freddie Mac and Fannie May own roughly 70% of all mortgages in the entire fuqing country.
If people start defaulting in droves, and the foreclosure price the banks can get on the property is a lot lower than the price they sold the debt to freddie and fannie, then the whole scam comes tumbling down.

Think savings and loan all over again, except this time for 100x as much. And freddie and fannie are both backed by the US government, which means the taxpayers will foot the bill.

Freddie and Fannie together hold debt larger than the entire GDP of this country.

quote:
Originally posted by jt:
here's a fundamental question that I would like answered. How will people not living in the speculative-buying areas like Boston, Silly Valley and like be effected? How can these pockets of speculation damage the overall market which is not homogenous?

WHAT A MORON!!!
lol

He could have made a lot more money if he bought real estate in 2002 and sold in 2005. Fuqing Tard.

http://www.nicetaco.com/fcarchive/f6/59 … 94339.html

#5 2010-10-01 23:46:37

hollowpoint
reg posted 2002-09-26 02:23:00
http://www.financialsense.com/stormwatc … 2/0920.htm
"At the moment American consumers are making the most of rising housing prices and falling interest rates to finance their monthly bills. The current trend in refis is coming from cash-strapped homeowners who need to borrow more money than their house is worth. Pressure is mounting on appraisers to come up with higher appraisal values now that home prices are starting to soften. We are now approaching the end of the line. When prices start to fall debt-trapped households will have nowhere else to go. The equity markets are doing the heavy lifting to replace savings and home prices will eventually turn down when a dollar crisis hits the bond markets. When this happens, interest rates will head up and the refi boom will go bust. The home equity well will run dry. When rates start to rise, variable-rate mortgages payments will go up. Limited-term fixed rate mortgages will have to be refinanced at higher rates when they mature. Home equity will start to disappear. The result will be a flood of bankruptcies that overwhelm the financial system as homeowners walk away from properties, leaving financial institutions and bondholders holding the bag. This will be a time of extreme social unrest."

http://www.nicetaco.com/fcarchive/f6/64 … 40675.html

houseprices.png

#6 2010-10-01 23:47:53

They're not making any more land! It's always a good time to buy a house! Renting is just throwing your money away! Don't listen to the renters ... they are losers, and will never own anything! In just 10 short years, your house will make you a millionaire! You deserve this, since you're smart! Blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah ....
/
phone

#7 2010-10-01 23:59:11

Author Topic: When will the Real Estate Bubble Burst?
any1know
unreg    posted 2002-07-21 21:59:00
Any ideas?

Stock Cars and Skanks
reg    posted 2002-07-21 22:02:00
Three to five years.

Chief_Wanker
reg    posted 2002-07-21 22:16:00
When interest rates rise due to inflationary pressures caused by the falling dollar.

.
unreg    posted 2002-07-21 22:17:00
March 18th, 2004.

thread_killa
reg    posted 2002-07-21 22:18:00
march 13, 2003 @ 10:35 am pst

the board still seems slow?

Dollar Bill
reg    posted 2002-07-21 22:20:00
Real estate usually trails the stock market by about 2.5 years.

now what dipshyts
unreg    posted 2002-07-21 22:27:00
It won't. This board is filled with negative dweebs (add lonely apartment house tenants) who probably don't even have two dimes to rub together. Werd.
http://www.nicetaco.com/fcarchive/f6/52 … 24118.html

> Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Re: Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Re: Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Re: Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Re: Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Re: Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.

Re: Look at the these morons that were calling a housing bubble in 2002. They were so very wrong.