February 27, 2009

What lessons have you learned?

47 comments:

Dogcrap Green said...

The sad thing is world leaders learn from Hitler, Roosvelt, Castro, and Lincoln and imitate their horrors to seek and hold power during troubling times.

Obama may be the most evil of them all.

Anonymous said...

Not all that glitters is gold, and not all that stinks is sh!t. In other words, listen to it all and do your best to make sound decisions for yourself.

The mainstream cheerleaders were all wrong, but even those crying that the sky was falling were not totally correct -- the US dollar would be in the toilet except that every other nation is also against the ropes.

It has been amazing to witness the rapidity of some collapses (builders, subprime mortgage scammers) but equally amazing is how others continue to limp along with a glimmer of hope (GM, BOA, CITI) when they should be 6 feet under.

But the biggest lesson of all might be that the mainstream media truly are a bunch of monkeys, being manipulated for the gain of others. Bushco was never taken to task, the housing pump-and-dump has still not been exposed for what it is, the current economic catastrophe caused by greed is still just one of those things we should expect from time to time.

Monkeys!

Anonymous said...

I learned that sheeple will always be sheeple. For instance, lots of fake outrage from Washington against banksters, from types like Barney Frank and Dodd and BO, but even Madoff hasn't gone to jail.

You see, they will never arrest the hand that feeds them.

And the sheeple get all wet when Olbermann shows any of those political hacks faking outrage on TV against their master banksters.

And this message goes to you too, Keith. All I see is you spinning pro-BO rhetoric here. Everything is either Pelosi, Reid, GWB, and GOP fault. Oh my, because the other hacks are faking outrage written on teleprompters or photo ops?

H Y P O C R I S Y

Mark in San Diego said...

I learned that investing in good solid blue-chip companies with nice dividends was WRONG!!!. . .even some of my utilities have cut their dividends. . .I learned that "cash is king". . .I learned that there is NO rush to buy a house - even now. . .buying now in SD is still catching a falling knife. (a unit sold in my building last Feb. is now on the market for 50K less as a short-sale). . .I learned that there is NO safe area - my beloved Switzerland is now feeling the impact (although a bit late). . .

I am now learning to downsize, downsize, downsize. Eating in more often, only going to restaurants that offer discounts or great value, and not buying any junk.

I am also drawing down on all my airline milage for my trips to Zurich. . .still have about 3 freebies to go.

Anonymous said...

1. If you don't have your health, you don't have nothing (excuse the double negative).

2. If you try to snowboard like your kids, you will regret it.

3. If you can't touch it, you don't own it.

4. Less is more.

5. This too will pass (my back injury that it, not so sure about the economy).

Anonymous said...

1.That a having a mortgage on a home is the worst possible thing anybody could do with their money

2. Less is more.

3. That I enjoy being as frugal as I can posibly be.

4. That health, enjoying the outdoors and the simple things in life are all any body really needs to be happy.

5. That there are alot of dumb A** stupid, in Denial MF's out there That can't see the obvious and refuse to except the truth and will kill themselves trying to "Stay Positive" about the Real Estate Market, Stock market and whole economy. Let F&#@R! go down and crash already! So we can get back on the track.

Anonymous said...

The stock market and 401k plans are a scam.

Mitesh Damania said...

This crash has gotten a bum rap: http://www.youtube.com/watch?v=-CuBiIgsisw&feature=related

Anonymous said...

That americans are the most gullable people in the world.
Also our congress is corrupt beyond imagination.

Takes money to make money my friends.

Anonymous said...

The lesson I have learned from all this is that I should have bought a house in 2002 when I moved to San Diego, extracted every penny (and then some) of equity from the place, bought gold bullion, and buried it where the big boys will NEVER find it. My bad. I really thought at some point fraud would have been prosecuted, and that people like Nick, Casey, and David Crisp would be behind bars. I WAS WRONG. But life ain't over yet, maybe I can still get mine by stealing.

Mammoth said...

Just learned this week that if you miss paying a bill and you get hit by a ‘Late Charge,’ call the billing department and explain how tight things are for you these days, and ask them to drop the late charge. If they balk, then ask to speak with their manager.

Also tried the same thing when my Internet provider increased the monthly rate by $10 – I phoned and politely asked them to descend the price increase, AND to make it retroactive for last month.

The results? More than $135 stayid in my pocket, JUST BY MAKING A COUPLE OF PHONE CALLS!!!

This ties in with my post ~2 weeks ago, about getting the manager of Lowe’s to knock $50 off the price of a microwave oven. You, as a consumer, now have powers that you did not have in the past – Use this Power!

(Did you just learn something by reading this post?)

-Mammoth

Anonymous said...

I learned how to rob a bank, but it was all 100% legal. Can you believe that they financed my life of luxury from 2004 to 2007? God, I had the time of my life! I spent almost $400,000 in heloc money. For example, my wife and I was on Michigan Avenue in downtown Chicago and there was this guy in a tuxedo and he was giving out free samples of Godiva chocolates. We had a sample or two and then we asked how much was the price? His response was $90 for a box that has 36 pieces of chocolate! We didn't even think twice and went to Water Tower Place and bought four boxes!

I am going to tell these stories to my little grandchildren one day.

Anonymous said...

i learned that you can help sale your house if you paint your yard green.

Anonymous said...

Anonymous Anonymous said...

The lesson I have learned from all this is that I should have bought a house in 2002 when I moved to San Diego, extracted every penny (and then some) of equity from the place, bought gold bullion, and buried it where the big boys will NEVER find it. My bad. I really thought at some point fraud would have been prosecuted, and that people like Nick, Casey, and David Crisp would be behind bars. I WAS WRONG. But life ain't over yet, maybe I can still get mine by stealing.

February 27, 2009 7:58 PM

My point exactly! Yes, you should have bought an expensive home and take out every freaking penny and partied like there was no tomorrow. It's easy to do when it's someone elses' money! Trust me on that one.

Anonymous said...

I have learned that no matter how much money a billionaire has.....he still wants my last dime too.

Anonymous said...

He who got to sleep with itchy butt, wake with stink finger.

satan said...

Politicians don’t produce anything except for self importance, regulation, and public control.

People can easily be taken advantage of by being told what they want to hear.

The point of life is not property or material success. The desire for these things stems from the instinct for security whose true product is a feeling of well being.

Man improves patches of earth until they are rendered completely useless.

People are animals that share instinct with snakes, tigers, rabbits, slugs, etc.

The punishment for murder is death. The punishment for labor is tax.

Anonymous said...

Once people perceive the true value of bullshit, "the world" collapses.

Anonymous said...

Should have been irrational, irresponsible and dishonest during the bubble years.

Face it, what the Gov. has done by not punishing these actions (they are actually still rewarding these actions to this day) has and will continue to produce a society that will be as dishonest as they can get away with.

This will be the greatest cost to our nation of this bubble and the Govs handling of it.

GT Charlie

Anonymous said...

Don't start the night off with a bunch of Manhattans.

Anonymous said...

1) Working hard and keeping your nose to the grindstone only leaves you with a....flat nose.

Meanwhile; partiers, shysters, and con-men live in the best houses, drive the best cars, and have the finest women.

2) There is no accountability left in the U.S....instead, everyone is a "victim" requiring a "bailout".

3) The elite (FED, big banks and wallstreet) are so in control of this country that unless there is a violent revolution, that they will continue to parasite off all of us and live like kings while our standard of living goes into the toilet.

blogger said...

Wow - Dogcrap on a post!

Remember when Dogcrap was telling us we were a bunch of chicken littles?

Here's some classics:

Dogcrap Green said...

Toll Brothers is down 50 pennies for the week.

I'm not happy, but at least I don't own gold
August 10, 2006 12:11 AM

Dogcrap Green said...

I tuely believe there is a future with the home builders. Please excuse me for not being a mindless drone and running with main stream thought.

satan said...

Dogcrap, Please form your poop in the shape of a dollar sign.
Thanks,
Satan

Anonymous said...

But the biggest lesson of all might be that the mainstream media truly are a bunch of monkeys, being manipulated for the gain of others. Bushco was never taken to task, the housing pump-and-dump has still not been exposed for what it is, the current economic catastrophe caused by greed is still just one of those things we should expect from time to time.

Monkeys!

February 27, 2009 6:19 PM

----------------------

Prepare for the die off. It will end in chaos. Only you can defend yourself in that place. If you are strong you will survive. Vengence will be visited on all globalists. They are typically weak small greedy little trolls who viewed globalism as the only way they could dominate other men. Karma babbyyyyyy.

Anonymous said...

They don't care, they really don't care.

And, buy lower.

Anonymous said...

homes with tiny yards & no sidewalks represent a sad shift in values

Anonymous said...

1) Buying the lowest price home/condo in any area is not necessairly a conservative or a good deal. I should of bought beyond my means and lived it up.
2) It's better to live in a boarding house (and pay sub-market rents) then in an average house (with an over-priced mortgage) but have to work at a job you hate just so people will think your're normal or doing well in life.
3) Most jobs are not worth doing and they are usually lifestyle traps.
4) After working at bank, I realized that most people are full of crap, and that the most honest people were the janitorial staff that came after business hours and the all of the building maintenance staff. Most of the VP's, AVP's, and SVP's, were stupid, lazy, and had gold digging wives. Most of them had multiple marriages and had neglected their kids. The VP/AVP/SVP women were skanks, mostly childless, and had no souls
5) Walking away from a such a lifestyle is easy (including any of the so-called moral/legal obligations to creditors, government and child support/alimony)once you decide to do it.
6) Once you walk away, don't look back

Anonymous said...

I've learned a lot over the past few years:

1) Keith rocks! (even if he does have crazy outbursts now and then). If it weren't for HP.com I'd be another fucked american.

2) The Congress and the two dominant political parties are nothing more than an organized crime syndicate. And the Executive branch too.

3) That mortgage crime does pay. It can get someone with a $50k salary a $500k house plus a $150k HELOC without paying any of it back.

4) The MSM are so over and the Blogosphere rules. They completely missed this debacle because they are bought by their advertisers and politicians.

5) Nothing will change unless ordinary Americans get off their asses and march on the Capitol building.

6) Wall Street is full of crooks and hypocritical cry babies who want govt. to stay out of their schemes on the way up but bailouts when their jobs are vanishing on the way down.

7) The NAR is the most evil organization on the face of the Earth.

8) Too much debt is a boat anchor and cash is king.

9) That most people are clueless, even after all the shit that's gone down.

10) That CNBC, Larry Kudlow, Jim Cramer, and many talking heads on that channel are all discredited and should shut up and retire.

11) You need a Plan B in life.

12) Denial is an extremely powerful state of mind.

13) When you know you're right, stick to your guns no matter what your friends, family, political pundits, business leaders, and politicians say to the contrary.

14) That the old adage, "Crisis is the rallying cry of tyranst", is true.

15) We are categorically, unenquivocally, absolutely FUCKED!!!

And more....

Anonymous said...

I should have followed my gut more--laddered CDs, not "target date mutual funds," however low-cost. Expensive lesson, that one.

When I DID follow my gut--avoid real estate and rent, buy a reliable compact car, watch everyday spending, keep "too much in cash" and eat at home--I had consistent success in both boom and bust.

There seems to be nothing new in finance that your Grandma didn't already understand.

Who knew? Well, us--now.

Anonymous said...

Ron Paul was right.

Oh wait, I already knew that...

Osman said...

Don't start the night off with a bunch of Manhattans.

+1

That's good advice.

Anonymous said...

.




Chicago politics as usual




.

Miss Goldbug said...

1)Don't trust anyone else to invest your money. No matter what the pros say.

2)Study up on the business cycle. There's cynical cycles for both stocks and real estate.

3)Sometimes it's best to stay out of all investments.

Anonymous said...

I learned a few things:


1: Hard work means nothing. If you get paid by the hour, do just enough so you don't get fired...but no more.

2: Republicans. Democrats. Same thing. They are all bought and paid for, they work for themselves and not the American people.

3: 401Ks are horseshit.

4: The stock market is horseshit.

5: People like Nick get to live a life of luxury, while the hardworking people lose their asses.

6: No matter what, never, EVER, under ANY circumstances, take your job so seriously that it drains the enjoyment out of your life or interiors with family/friend relations. Plus the stress could cause you to lose your hair, become fat, or otherwise unhealthy. When your place of employment closes down, when everything is said and done, you might end up being a fat bald guy with heart problems, no freinds, and a family that hates you. DON'T LOSE SIGHT OF WHAT IS IMPORTANT.

7: Relax, it's only a game.

Anonymous said...

Love is grand, divorce is 50 grand.

Actually I didnt experience that, but others around me did.

Anonymous said...

The real question is - what have you learned Keith?

First Obama and now another of Keith's illusions has vaporized:

Top Japanese Scientists : Warming is Not Caused by Human Activity

Bwahahahahahahaha!!!

Anonymous said...

Shhhhh. Don't tell anyone, but here's the scoop:

Once we pathetic little humanoid creatures stop fucking each other in the ass, we might have a remote chance of actually solving some problems.

Damn... methinks that might take a while.

Anonymous said...

Wasn't Suze Orman a housing head at one time.

http://www.brownstoner.com
/brownstoner/archives/2009/02
/retail_sales_su.php

> "I do blame Suze Orman for a lot of this mess. 2-3 years ago she was pushing everyone and their mama to just BUY A HOUSE"

She probably added the words "that you can afford" to that sentiment, but people forgot to listen to that part.

Posted by: SnarkSlope at February 12, 2009 1:43 PM

http://www.jewishjournal.com
/la_woman/article
/q_and_a_with_suze_orman_20041022/

SO: One has to ask, "What money?" When the question "How many of you have debt?" was asked recently in a room of 2,500 women, 100 percent of them raised their hands.

If you have debt, you have no money. The No. 1 move to make is to get yourself out of debt. Also, put money in the stock market that you don't need for at least 10 years and be willing to watch it change. You have to be an "on-it" investor.

The best investment is to buy a house, before anything else, and pay off the mortgage. Nothing makes a woman more powerful than a place to call her own.

Anonymous said...

I've learned that bankers can be malevolent.

Anonymous said...

Suze Orman on when will housing market bottom.

http://www.youtube.com/
watch?v=N--RjTkaI7o

What did Suze Orman tell the sellers last year that got all of those real estate agents so upset at her.

Real Estate Market TODAY!!

http://www.youtube.com
/watch?v=A5nsCkPetw4

Anonymous said...

Suze Orman said buy a house if you can get a bargain of a life time like 30 to 50% off.

What is considered a bargain of a life time given current housing market conditions when California unemployment rate is at 10.1%

http://www.msnbc.msn.com/id/21134540/vp/
22799311#22799311

13# S Temple Dr
MILPITAS, CA 95035
Bed 3 Bath 2 SFH
Price: $149,000

181# Dennis Ave
Milpitas, CA 95035
Beds 5 Baths 3 Sqft: 2,100
Sold $51,000 (12/16/2008)

127# Traughber St
Milpitas, CA 95035
Beds 3 Baths 2 Sqft: 1,020
Sold $80,000 (12/31/2008)

66# Printy Ave
Milpitas, CA 95035
Beds 3 Baths 2 Sqft: 1,242
Sold $91,000 (01/22/2009)

125# Calle De Cuestanada
Milpitas, CA 95035
Beds 3 Baths 2.5 Sqft: 2,082
Sold $54,181 (01/29/2009)

163# Crater Lake Ave
Milpitas, CA 95035
Beds 3 Baths 2 Sqft: 1,484
Sold $80,000 (02/04/2009)

Anonymous said...

good god... prices like that in milipitas make me wonder why i bother anywhere else as that is as close to paradise as one can get and the rest is trash, even then such, from where i come??????/ with no winters , close to farmings, 3 bd 2 bth at 50 grand 2000 plus sq ft???????????????????

Miss Goldbug said...

a condo in Milpitas -a deal @ 80k?

Don't think so.

Milpitas was (is)a dump just as Union City, East Palo Alto and parts of San Jose were in previous recessions.

Suzie doesnt know what she's talking about-she has no idea what this market is doing, and if you listen to her, you'll loose a lot of money.

Anonymous said...

I have learned that the ultimate irony is that they are BUILDING a campus of shelters in Reno, Nevada for the homeless who have lost their homes to foreclosures. Huh? Can't they just use the empty homes for the homeless? Do we need to build more structures when so many stand empty?? Insanity.

Anonymous said...

"Anonymous said...
Suze Orman said buy a house if you can get a bargain of a life time like 30 to 50% off."

Fuck her. Are you taking investment advice from a former waitres who used to live in her brothers van?

Do you know what a shithole Milpitas is?

No dogs or cats run free for long there. They wind up in the cook pot for diner.

Place is a 3rd World dump inhabited by uncivil goons beyond description.

They don't care much for Lesbians there either and Suze wouldn't make 1 day in Milpitas. She would probably be stoned to death while fleeing...

Get Real.

Anonymous said...

Sounds like Milpitas is a very bad area.

What part of San Jose is bad, how about these area.

117# Avalon Dr
San Jose, CA 95125
Sold $38,500 (11/18/2008)
BEDS 4 BATHS 2.5 SQFT 2,478

124# Redoaks Dr
San Jose, CA 95128
Sold $34,000 (07/21/2008)
BEDS 3 BATHS 2 SQFT 1,718

165# Saint Anthony Dr
San Jose, CA 95125
Sold $40,000 (07/08/2008)
BEDS 3 BATHS 3 SQFT 2,333

529# Halifax Dr
San Jose, CA 95130
Sold $40,454 (05/29/2008)
BEDS 4 BATHS 3.5 SQFT 2,862

263# Meta Dr
San Jose, CA 95130
Sold $43,500 (12/17/2008)
BEDS 3 BATHS 2 SQFT 1,745

139# Dry Creek Rd
San Jose, CA 95125
Sold $51,000 (03/25/2008)
BEDS 4 BATHS 2.5 SQFT 2,707

127# Cristina Ave
San Jose, CA 95125
Sold $53,500 (01/14/2009)
BEDS 2 BATHS 1 SQFT 1,030

174# Fabian Dr
San Jose, CA 95124
Sold $60,000 (10/03/2008)
BEDS 4 BATHS 2.5 SQFT 2,014

487# Bannock Cir
San Jose, CA 95130
Sold $62,500 (07/08/2008)
BEDS 3 BATHS 2 SQFT 1,675

174# Fabian Dr
San Jose, CA 95124
Sold $60,000 (10/03/2008)
BEDS 4 BATHS 2.5 SQFT 2,014

Anonymous said...

"Anonymous said...
Sounds like Milpitas is a very bad area.

What part of San Jose is bad, how about these area."

You must be a used-house peddler, oops I mean Realtor because you are too lazy to do your own research.

Get off your fat lazy ass.

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