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John
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This is a comment test
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Dirk Diggler
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I cannot wait to go snatch up some of these properties from the stupid idiots who took bad loans.
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blackbox
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Karevoll is an idiot. He called the bottom in 2006, 2007, and now in 2008.
They guy is clueless..........
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mike
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lenders need to restrcture londs to current values
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foothill
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Most people are clueless about where our country is headed.... our jobs have mostly been shiped overseas,our borders continue to be left wide open with americans left to foot the expence of these illegal criminal intruders, our national debt has spiraled out of control and our american dollar is approaching worthless. If you think the housing market and the economy is bad now, wait a year or two. 1933 will look like a walk in the park!
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818sfv
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foothill wrote: Most people are clueless about where our country is headed.... our jobs have mostly been shiped overseas,our borders continue to be left wide open with americans left to foot the expence of these illegal criminal intruders, our national debt has spiraled out of control and our american dollar is approaching worthless. If you think the housing market and the economy is bad now, wait a year or two. 1933 will look like a walk in the park! You conveniently left out the two wars we are currently fighting which take up the biggest chunk from the budget. I highly doubt it will be 1933 all over again. Every time there is a dip in the economy people like you over react and people like myself capitalize on it. It will be years before we get out of this funk but rest assure we will see good times once again.
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Mark
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Then why is my mortgage lender so eager to foreclose on me?
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JCB737
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Good, I am waiting to buy a house that I can afford - not some over-inflated piece of real estate. Now all the responsible and legal Americans who still live in L.A. County may be able to have a piece of that American dream.
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Phil Gramm from Texas
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Well as I see it....if ya'll paid $750,000 for a house out there in California, it's still gonna be worth $525,000...stop whining, at least the bank ain't forclosin'.........
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MCe
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Greed drove this market and greed will correct it.
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Kathy
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The only way we'll see good times again is to take back America--we're selling it off a little at a time. Remember the port of LA had almost been sold to Dubai--the only reason it wasn't was because of public outcry. We're borrowing money from China to pay for those two wars, we've sold out the American citizen screwed with our seniors while we give away the store to illegals. The stock market crashed in 1929 and while I don't think we are there yet, and we may never be but it's pretty scary right now. Houses will deflate some more and people will be able to buy if they still have jobs left. People are losing their jobs right and left. Yes, greed drove this market, but I hope the lack of it will correct it. What's happening in the economy is not just a "dip." The last "dip" also sold out America and American businesses and now its worse. We have done more outsourcing to India, China and the Philippines where customer service is non-existent. We have had tainted toys, lead, date rape drug in toys, tainted seafood, toothpaste, pet food, bad tires, viruses in new technological toys, to name a mere few of the problems. Yes, things have been recalled before but not on the scope its been in the last year. Products don't even last as long as they did, clothes don't last as long as they did and it goes on and on. It will still be a little while before Americans can enjoy the American dream.
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Rbay
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Americans, stop whining and take your medicine!
1) Nobody’s taking over our country, we still output 25% of the world’s GDP. Please remember the 1980’s and our constant worries of a Japanese takeover—they lost their shirts on American real estate.
2) EVERYONE has benefited from cheap goods overseas, your clothes don’t last as long?? How about the same shirt cost more in 1985 than it does today?! That sure helps dress the kids!
3) You know what happens when mundane mindless jobs go overseas? Americans create new and better opportunities. Also, please keep in mind, the best most highly sought after jobs will forever remain within our borders.
4) The capital markets WILL work themselves out, banks will fail, foreclosures will continue for a time. This is the price you pay for living beyond your means. The housing market has another 10-20% deterioration to correct itself from all the idiots who treated their houses like investment opportunities rather than that piece of the “American Dream” that you all speak of.
The American economy will look very strong in 5 years time, and hopefully people will change their habits and start living within their means. Isn’t that better than what we have currently??
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Rbay
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BTW, I love the guy from Texas, "they write the way they talk".......nice.
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I Got It
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SiliconDoc wrote: I have enjoyed the hiatus from the libtards whining about "lack of housing"...
Man I was getting soooooooooooooooooooooooooo sick of hearing it, year after year after year....
Like people in the USA can't build homes...
Then they whined endlessly (from the coasts) about "the commute" since they "travelled into high dollar areas to serve the rich, as mere per hour wage slaves ".
Of course the old American rugged individualism ideas like "start your own business", move to the edge of town, move into your work area but rent/buy within your means (a crackerbox or efficiency apt. for all these whining wannabe millionaire losers), you be the boss and hire others, and then you get to listen toendless whines...
Yeah, all those great American ideas, lost, forgotten, trashed, hated, and trodden upon, in favor of "the whining wannabe unable to feel good if they aren't Donald Trump" styled up, and damned well certain they deserve to be if their fruits hadn't been stolen from them their entire lives ( as marxist "profit is unpaid wages" rings through their raging gourds).
Well, now we don't hear about the endless whining ***t housing shortage!
Isn't that GREAT ?:-)
The idiot libs drove prices sky high, whining constantly that no living home psaces were available, while their cohorts RAPED the markets and banks for the buy low sell as it rises "house flip" TV fix em up generation of wannabes.
The louder you libs whined about housing, the higher the prices rose. The higher the prices went, the louder you lib cretins screamed, then with Fannie Mae and Freddie Mac, you screamed for ripoff untenable loans you lied to get, hoping to rape the markets off the gravy train booming prices...
LOL
Nice.
My question is, when do you libs start screaming about "housing shortages" again ?
I guess since the prices have plummeted, and so many are up for sale, at such reduced prices, you can bring yourself to whine your jackasses off just yet. You know what, Doc? A few years ago, I had co-workers who were displeased with their real estate agents and lenders who wouldn't either 'increase' their salaries so they can buy a fabulous home and show-off to their friends and families or who wouldn't give a loan to them due to their -300 FICO score. Consumers with such unrealistic expectations attracted these predatory lenders and now have to sleep in the bug infested bed they made. Now, not all people in foreclosure are in this category, but many of them are. I'll save my emotions and sympathy for those who are in trouble due to forces beyond their control--lost a family member or became ill or lost their jobs when their plants closed and/or the company decided to outsource. One must still plan for these unforseen occurences, yet, they are more understandable. We all must learn.
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