November 15, 2008

Here's your pretty picture. Made possible by the realtors and estate agents of the world.

24 comments:

keith said...

I was kinda hoping for a "Mission Accomplished" banner instead of this...

consultant said...

Just another failed accomplishment for Bush.

What is he up to now? 100,000 failures while in office?

I hope someone has been keeping track of the failures.

Anonymous said...

Do you think Bush will be able to get on and off the stage all by himself without assistance?

Maybe Bush can find a little defenseless country to invade and start a new war, who knows? He has a couple of months after all.

Bush's tablemate was named O. BinLaden. Bush remarked, hey, you look familiar. DO you live in a cave?

Who doesn't HATE Bush in the World today?

Laughingstock. Disgrace. Failure.

The Bush and GOP Legacy. Oops, I almost forgot, SHAME. IDIOT.

Censure this loose cannon today.

Anonymous said...

smoke 'em out...

Failure.

poem lover said...

Ode to Sean Hannity
by John Cleese

Aping urbanity
Oozing with vanity
Plump as a manatee
Faking humanity
Journalistic calamity
Intellectual inanity
Fox Noise insanity
You're a profanity
Hannity

vanilla ice said...

More realthore bashing, my favorite!
Sure Wall Streeters, bankers, homedebtors, the government were all to blame. But none of this could have happened without the realthores.

nuke Europe now said...

Isn’t it outrageously despicable and disgusting that the lowlife Eurotards are represented twice in the G20…. One time as the EU and again as individual states?

Isn’t it the same at the UN?

Tonto said...

"endorse a plan for an early warning system for problems such as the speculation frenzy that fed the U.S. housing bubble."

WTF? They have to be kidding. How about an early warning system called common sense; housing prices appreciate 300% in 3 years might be a red flag. 100% No Doc Investment Property Loans, might be a red flag.

Will this early warning system have sonar and electronic components?

Afterthought said...

Ghost Dancing.

Anonymous said...

If you have a good size down payment yet there is a good change you can go into foreclosure because the loan they gave you means that you have to live pay check to pay check, then who end up keeping that down payment if you should go into foreclosure.

Even if the house price continue to fall with your good size down payment, the risk for the lender has been built in.

In other words if your sign that loan contract, but know that you can not live pay check to pay check then the lender will be taking your money if you take the risk and fail.

http://patrick.net/housing/
contrib/lending.html

Countrywide Still Risking Someone's Money, But Whose?

Now my wife and I earn average incomes. I work full-time as a project manager.

My wife works part-time and brings in enough to cover some of our expenses. We have some money tucked away in savings and a moderate amount still remains in
my 401K. Our debt is limited to one car payment.

We have both earned a FICO
of 810 and 811 respectively.

So based on several other banks lending guidelines we figured we would get pre-approved for a $550K - $600K loan amount or possibly less due to the recent credit squeeze.

Insane Lending Continues Unabated At Countrywide

Congratulations! You have been pre approved for $824,000 loan amount and up to a $1,030,000 sales price. Please find the approval letter attached.

dirty 20 said...

I need a stimulous check so i can buy a flatscreeen at walmart on black friday.They have a blu ray player on sale to.I love walmart and all those cool chinese chicks.

Mammoth said...

Was chatting with a 55-year old colleague the other day, and he complained about having a $2,200 monthly payment on the house which he bought a year ago with a fixed 30-year loan.

I didn't have the heart to ask him how he would ever be able to retire - he will be making these payments until he is 85!

Perhaps this was made possible by a real estate agent, but nobody held a gun to his head and forced him to buy the house.

-Mammoth

P.S. this guy works in the company's Purchasing Dept. LOL!

Paul E. Math said...

This meeting is really a joke.

It's pretty pathetic that all the G20 leaders need to get together to produce a joint statement that bubbles are bad.

Like you said, Keith, this is just a photo op. They are just trying to 'restore confidence'.

They'll tell every lie in the book in the name of restoring confidence. The amazing thing is that confidence in the long term is a function of the underlying soundness of the system and they have done nothing substantial in this area.

What a bunch of monkeys.

Jeepers said...

This is good news, really. We have until mid-May of 2009 to get out of the USD and acquire hard assets that will maintain value in the coming devaluations and realignments. Diversify into farm land, base metals, gold, silver, anything that derives its worth from outside the realm of finance.

vanilla ice said...

Read an article in the NYT about people trying to sell in NYC without realthores. The whole article was a great example of how excessive real estate has become.

Realthores would call the sell by owners and beg them for their listing.

The Realthores also said the sell by owners were doing themselves a disservice for trying to sell by themselves. This was because they don't know how to 'price right', or know the best people to bring to the listing.

Also there was a bike mechanic making $40k/year. He was selling his apartment he probably bought in 1993 for $100k for $550k. He didn't want to use a realthore because with a 6% commision, that broker would get almost his year's salery for what he said was 'doing nothing.'

Someone also said the first five letters in 'broker' is 'broke'.

Anonymous said...

"...Do you think Bush will be able to get on and off the stage all by himself without assistance?..

...Laughingstock. Disgrace. Failure..."


Witnesses.

There will be MANY telling what they saw the last 8 years.

JT said...

What is with this 'after the crash' nonsense? The train has been derailed, but it hasn't finished crashing in spectacular fashion yet.

Anonymous said...

If all realtors were gone tomorrow and the next bubble (and there will be another someday) was all done For Sale by Owner...? Who gets the blame then?

Realtors don't do transactions - people do transactions. Behind every realtor I see a person buying or selling.

JaneZ said...

Anonymous said...

"...Do you think Bush will be able to get on and off the stage all by himself without assistance?..

...Laughingstock. Disgrace. Failure..."

Witnesses.

There will be MANY telling what they saw the last 8 years.

That photo makes me so proud to be an American citizen. This is the person that half of America chose to represent us to the rest of the world. Can't even trust him to sit and watch the Olympics without getting stinking drunk and sloppy.

God Bless

Anonymous said...

blah blah blah, that's all these summits produce....what IS telling is the rest of the world is calling time in dollar as reserve currency...
just wait..Fed pumping monetary base at 800% per annum....mini-Mugabe (your heard it here 1st, Obama;s new pet name) here we come!

Bukko_in_Australia said...

Where's Count von Stauffenberg when you need him?

Frank R said...

Is that Obama with the towel on his head?

Anonymous said...

jt:
"What is with this 'after the crash' nonsense? The train has been derailed, but it hasn't finished crashing in spectacular fashion yet."

Keith makes it up as we go along. You'll get used to it. He has declared American manufacturing dead while the U.S. is still the largest manufacturer in the world. He says so many jobs have been lost, savings are wiped out, while unemployment sits at 6% and only idiots ever lose 100% of what they have. We aren't even close to the 1930's, but in Keith's bizarro world here we are at Armageddon. Just as he predicted....

Anonymous said...

"Realtors don't do transactions - people do transactions. Behind every realtor I see a person buying or selling.
November 16, 2008 3:45 AM"

It takes an asshole to make Shit Happen. That's what I see when I look at a used-house peddler and their ilk.

DIE U PIGS