Comments on: What's the real crisis here? http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/ Thu, 24 May 2012 17:28:21 +0000 hourly 1 http://wordpress.org/?v= By: leggo http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16872 leggo Tue, 07 Jul 2009 06:13:41 +0000 http://housingdoom.com/?p=3065#comment-16872 Somebody, somewhere, has to make a game show out of this. Wheel of Misfortune? Somebody, somewhere, has to make a game show out of this. Wheel of Misfortune?

]]> By: mtnmike http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16871 mtnmike Tue, 30 Jun 2009 13:16:59 +0000 http://housingdoom.com/?p=3065#comment-16871 cpgone, Thanks for the link. I have studied Dr. Albert Bartlett for years along with M. King Hubbert and others who have pointed to the root cause of our downfall. It's a shame that more people don't understand the basic premise of exponential growth. cpgone,

Thanks for the link. I have studied Dr. Albert Bartlett for years along with M. King Hubbert and others who have pointed to the root cause of our downfall. It’s a shame that more people don’t understand the basic premise of exponential growth.

]]> By: cpgone http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16870 cpgone Mon, 29 Jun 2009 19:13:45 +0000 http://housingdoom.com/?p=3065#comment-16870 reply to mtnmike. "our delusional underpinnings of exponential growth". Yep. http://www.youtube.com/watch?v=F-QA2rkpBSY It seems boring, but it IMHO is one of the "Most IMPORTANT Video(s) You'll Ever See" reply to mtnmike.

“our delusional underpinnings of exponential growth”.
Yep.

http://www.youtube.com/watch?v=F-QA2rkpBSY

It seems boring, but it IMHO is one of the
“Most IMPORTANT Video(s) You’ll Ever See”

]]> By: Linenoise http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16869 Linenoise Mon, 29 Jun 2009 16:04:38 +0000 http://housingdoom.com/?p=3065#comment-16869 At least Mr. Fortin is owning up to his mistakes and actively working to correct them. It's refreshing not to see someone whining about predatory lending or some nonsense - this guy has the sense to realize he spent more than he could afford, and has to pay for it somehow. At least Mr. Fortin is owning up to his mistakes and actively working to correct them. It’s refreshing not to see someone whining about predatory lending or some nonsense – this guy has the sense to realize he spent more than he could afford, and has to pay for it somehow.

]]> By: mtnmike http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16868 mtnmike Mon, 29 Jun 2009 14:52:24 +0000 http://housingdoom.com/?p=3065#comment-16868 "The question is then, what’s the real crisis here?" --AZMaestro My answer; A lack of viable employment. It is my studied opinion that the U.S. long ago exceeded "maximum viable employment numbers." We must remember that housing WAS the employment. Unsustainable, yes, but the basis for a large percentage of our employment base, none the less. The law of diminishing returns is raising havoc with our delusional underpinnings of exponential growth. The exact sciences take no prisoners and go about their work in a totally unemotional fashion. “The question is then, what’s the real crisis here?” –AZMaestro

My answer; A lack of viable employment.

It is my studied opinion that the U.S. long ago exceeded “maximum viable employment numbers.” We must remember that housing WAS the employment. Unsustainable, yes, but the basis for a large percentage of our employment base, none the less.

The law of diminishing returns is raising havoc with our delusional underpinnings of exponential growth. The exact sciences take no prisoners and go about their work in a totally unemotional fashion.

]]> By: Russ http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16867 Russ Mon, 29 Jun 2009 07:48:54 +0000 http://housingdoom.com/?p=3065#comment-16867 "My interest is to make sure my wife and kids have as little disruption as possible. If that means we rent a house, so be it." Oh my goodness, Chris. You are going to rent? You have decided that this is now a reasonable possibility to minimize disruption? Surely, moving back and forth from the Canadian border to the Mexican border, and sweating out unaffordable loan payments since '06 while waiting for the other shoe to drop are more disruptive. But I love that this is still a close call for him. He must love house debt. And cow smells. “My interest is to make sure my wife and kids have as little disruption as possible. If that means we rent a house, so be it.”

Oh my goodness, Chris. You are going to rent? You have decided that this is now a reasonable possibility to minimize disruption? Surely, moving back and forth from the Canadian border to the Mexican border, and sweating out unaffordable loan payments since ’06 while waiting for the other shoe to drop are more disruptive.

But I love that this is still a close call for him. He must love house debt. And cow smells.

]]> By: Chuck Ponzi http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16866 Chuck Ponzi Sun, 28 Jun 2009 22:30:52 +0000 http://housingdoom.com/?p=3065#comment-16866 Sounds like AZ Maestro may be going the way of Fortin, if you ask me. He likes high prices, but doesn't like stupid decisions... Little problem: they went hand in hand. You can't have high prices without the thousands of stupid decisions. I do agree with one thing... cash and carry is a harder lifestyle but ultimately allows one to sleep better at night. I speak from experience. Chuck Ponzi Sounds like AZ Maestro may be going the way of Fortin, if you ask me.

He likes high prices, but doesn’t like stupid decisions…

Little problem: they went hand in hand. You can’t have high prices without the thousands of stupid decisions.

I do agree with one thing… cash and carry is a harder lifestyle but ultimately allows one to sleep better at night. I speak from experience.

Chuck Ponzi

]]> By: Mark in San Diego http://housingdoom.com/2009/06/28/whats-the-real-crisis-here/#comment-16865 Mark in San Diego Sun, 28 Jun 2009 18:48:07 +0000 http://housingdoom.com/?p=3065#comment-16865 The real crisis it seems is now the international financial crisis (impacting everyone), because the "real-estate banking complex" made everyone that rented feel like scum, and that owning was the right thing to do. Many people would have been better off renting, and today are much better off renting, as rents have gone down in most areas. . .especially Phoenix, NV, and SoCal. I have owned, and I have rented, and both have advantages and disadvantages. I rented for three years here in SD before buying recently, and I enjoyed not having to deal with repairs, etc. Just call the landlord. Either way, if you have a mortgage, you don't own the home . . .you are renting from a landlord or renting from a bank. We are now stuck with another 5 to 10 years of a bad economy because of the housing bubble. The real crisis it seems is now the international financial crisis (impacting everyone), because the “real-estate banking complex” made everyone that rented feel like scum, and that owning was the right thing to do. Many people would have been better off renting, and today are much better off renting, as rents have gone down in most areas. . .especially Phoenix, NV, and SoCal.

I have owned, and I have rented, and both have advantages and disadvantages. I rented for three years here in SD before buying recently, and I enjoyed not having to deal with repairs, etc. Just call the landlord. Either way, if you have a mortgage, you don’t own the home . . .you are renting from a landlord or renting from a bank.

We are now stuck with another 5 to 10 years of a bad economy because of the housing bubble.

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