tag:blogger.com,1999:blog-6568749253826790814.post7450780664847931717..comments2024-01-05T10:11:27.498+00:00Comments on Soot and Ashes: The World AFTER the Crash: HousingPANIC took it from Euphoria all the way down to Panic, Capitulation, Despondency and Depression. Soot & Ashes picks up the story from there.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-6568749253826790814.post-17923633779517631562010-01-04T05:09:43.811+00:002010-01-04T05:09:43.811+00:00We never got to total panic, so we certainly haven...We never got to total panic, so we certainly haven't seen capitulation, despondency, depression.<br /><br />I'd say, we're still a country in DENIAL.........Stair ClimbLunatichttps://www.blogger.com/profile/11283864930819447762noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-67136142331840051692008-11-07T20:07:00.000+00:002008-11-07T20:07:00.000+00:00Hello all,Just checking out the new place. Missing...Hello all,<BR/><BR/>Just checking out the new place. <BR/><BR/>Missing HP...probably cuz I'm obsessed with housing. Everything else is secondary, at least for me.<BR/><BR/>What's this talk of another stimulus. I will be watching Obama to see if he really has the right judgement to go against Pelosi. It's a wasteful, idiotic idea.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-37925888594524072972008-11-07T02:28:00.000+00:002008-11-07T02:28:00.000+00:00Orange County, CA Beach Cities still in denial by ...Orange County, CA Beach Cities still in denial by 51 percent ratioAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-81417404577518928332008-11-06T22:26:00.000+00:002008-11-06T22:26:00.000+00:00"it's going to take everyone changing the..."it's going to take everyone changing the way they live, and getting rid of the ceaseless, mindless worship of consumerism & blowing money on shiny toys with no regard to the future."<BR/><BR/>Wow! You realize that is fiscal conservatism, right? You realize that was Ron Paul's platform not Obama's, right?<BR/><BR/>Obama will be encouraging more consumerism. He will give more and more people government jobs to help fuel it. Count on it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-59019653345050770222008-11-06T22:20:00.000+00:002008-11-06T22:20:00.000+00:00We aren't even out of into "fear" yet. The left i...We aren't even out of into "fear" yet. The left is still having it's post-election orgasm plateau. The housing bottom is out in 2011...at least. The disinflation period will be raging for several more months and we've not even seen inflation begin. Things are going to be horrible one year from now and impossibly ugly the year after that. Obama's got a trillion dollar deficit to run up (not including Iraq).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-5150968684612978952008-11-06T22:03:00.000+00:002008-11-06T22:03:00.000+00:00So happy you have a blog to replace HP.HP kept me ...So happy you have a blog to replace HP.<BR/><BR/>HP kept me sane while everyone around me was living high off the hog.<BR/><BR/>Even my mom, who wondered what she had done wrong to produce such a pessimistic offspring, kept on recommeding I see a shrink until she started seeing the financial devastation on Oprah.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-42917597169465476822008-11-06T21:57:00.000+00:002008-11-06T21:57:00.000+00:00Keith, Just because Obama got elected president is...Keith, <BR/><BR/>Just because Obama got elected president is no reason to proclaim we're in the hope stage and it's all going to go be all right now. Why did you suspend the arrest watches? <BR/><BR/>A house in my upscale neighborhood in the greater NY area was just listed for $729K, this is where people make $100K-$150K/year at best. Realtwhores are in deep denial, fear at best. <BR/><BR/>The MSM is barely beginning to talk about plummeting housing and how it's beneficial to allow housing values to collapse. It's going to be a long and tough way down. <BR/><BR/>Other stuff to think about is the college tuition bubble, the diseasecare system disaster, the exorbitant prices of brandname drugs of questionable safety, ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-41450884427541328342008-11-06T20:12:00.000+00:002008-11-06T20:12:00.000+00:00Transparency. Transparency. Transparency.Transparency. Transparency. Transparency.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-19182775748810110942008-11-06T19:54:00.000+00:002008-11-06T19:54:00.000+00:00Don't we have a bunch of damn that don't really do...Don't we have a bunch of damn that don't really do anything except hold back water?<BR/><BR/>Let's hire people to rebuild those so that they contribute electricity or cleaner water or more environmental imporovement. Let's do something, even it's wrong.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-69641054424355895332008-11-06T19:45:00.000+00:002008-11-06T19:45:00.000+00:00Create jobs, demand transparency and help your nei...Create jobs, demand transparency and help your neighbor. <BR/><BR/>I hired my best friend to help me insulate a room before winter to keep him out of jail for being unable to pay his child support. And I live in an affluent capital city.<BR/><BR/>Come on...you want help fix the world...help your neighbor...check on people and start thinking really hard about big ideas that will get our entire country out of this mess. Then write it down on this blog!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-87380600559981654292008-11-06T19:40:00.000+00:002008-11-06T19:40:00.000+00:00Now the corporate espionage begins.Now the corporate espionage begins.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-7220572867174286942008-11-06T16:22:00.000+00:002008-11-06T16:22:00.000+00:00Anonymous said..So what is this change?Can any of ...Anonymous said..<BR/>So what is this change?<BR/><BR/>Can any of you fawning dolts be a bit more specific? There are some of us that like to engage in fact rather than feelings of Hope and Change.<BR/><BR/>Keith said he wants this blog to be "positive" and constructive. No negativism. We will just be happy smilers here at Soot & Ashes. <BR/><BR/>Soot & Ashes will apparently begin the tough job of rebuilding America now, one happy keyboard at a time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-3445179225779566572008-11-06T09:25:00.000+00:002008-11-06T09:25:00.000+00:00The "bad news" is still all a FROTH of nasty stuff...The "bad news" is still all a FROTH of nasty stuff, having little informative substance. Underneath there's still hope and sunshine and all that other stupidity of the speculators.<BR/><BR/>Face facts, Keith: This crash will take MANY YEARS to play out. Prices in the USA will either bottom out or stagnate until 2016 at the earliest.<BR/><BR/>So DENIAL is the stage that we're firmly in on average. Didn't the news contain yet another gem about a survey that showed that a strong majority of "homeowners" still thought their house prices were solid, even rising? The media is pushing the froth as a sole product, and they're plainly hoping to get past all this unpleasantness ... which is a clear denial of reality since the BULK of the foreclosures have YET to occur, and looking at all the empty houses that have yet to see listings or auctions, that's a ways off.<BR/><BR/>Keith, I'm attending these auctions like mad, looking for house in the sub-$20/sf range. The auctioneers and realtWHORES are heavily in denial. All thet EVER talk about is "investment" for the sales they're trying to arrange. Only a few of them admit later that living in the house in question is an actual option. Literally, small mobs of HGTV-brainwashed hicks in Toledo, Ohio are going around thinking they can bid on a house for $30K and then turn around and rent it out for $800/mo.<BR/><BR/>THE SICKNESS RAN TOO DEEP, KEITH. It's a RELIGION, now. And par for religions is a deep denial of what clear evidence shows you.<BR/><BR/>What FEAR that does exist around here is mainly being felt by the "stuck sellers" -- the people who MUST sell at a high price due to bills and HELOCs and stranded down payments. The "walked sellers" are of course gone from those houses anyway -- they are numerous, hence seller fear hasn't yet infected the population as it should.Peahippohttps://www.blogger.com/profile/01249343346796502619noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-502645476785707172008-11-06T06:05:00.000+00:002008-11-06T06:05:00.000+00:00Get ready for high taxes, base closures with milit...Get ready for high taxes, base closures with military spending cutbacks that destroy nearby towns, big layoffs, corporate site cutbacks, trickle down poverty, and the financial reassignment of the undereducated nonessential middle class.<BR/>--------------------------<BR/><BR/>so what? let them cling to their guns and religion!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-25122405811389315592008-11-06T06:03:00.000+00:002008-11-06T06:03:00.000+00:00to hear you talk, you'd think that we elected a pr...to hear you talk, you'd think that we elected a president who was against the bailout. what do you think he'll deliver on?<BR/>---------------------------------<BR/><BR/>bailout II and stimulus IIAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-45289246775964879772008-11-06T05:25:00.000+00:002008-11-06T05:25:00.000+00:00Well, I could use some hope. Life state-side has ...Well, I could use some hope. Life state-side has become quite gloomy and many of my in-laws are losing their jobs or have lost their jobs. I am hoping that these past few years can be a learning experience that will be talked about in textbooks for generations to come, so as to serve as a warning against the failure to save money. We need to change our society's reliance on debt.Formosanhttps://www.blogger.com/profile/11517908284207910183noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-71964146833388008522008-11-06T04:43:00.000+00:002008-11-06T04:43:00.000+00:00Hey kieth, it’s good to see you’re still keeping t...Hey kieth, it’s good to see you’re still keeping the keyboard warm. Great job over at housingpanic, didn’t get a chance at a last post over there but I’m glad that it will remain as an archive to that debacle.<BR/><BR/>Not a perma-bear, but I do think this down turn will last for quite some time. All indicators still point flat or down, and no options have been presented to me to suggest otherwise for the foreseeable future (that’s where I hope this blog will come in). We haven’t even had a thought as to how to put a chip in all the debt (both personal and national), well, other than raising taxes.<BR/><BR/>And that puts me in the perma-independent camp. My vote was a write in. I refuse to continue to vote for the same two parties over and over again expecting a different outcome. However, I’m perfectly willing to be surprised by Obama. He’s seems like a great person. Great speaker. And he speaks of some of the changes I’d like to see. <BR/><BR/>However I worry that some of his changes will be even more towards socialism. I’m afraid the housing bailout sets precedence toward socialism and someone with a “spread the wealth” attitude will only get us there faster.<BR/><BR/>Other posters have already posted opinions on international affairs and how Obama will/may respond. The world keeps spinning. Other nations will need tending, either diplomatically, militarily, monetarily or socially. <BR/><BR/>But first and foremost, I hope that more efforts are turned inward. <BR/><BR/>Diplomatically, in that party lines must be crossed, and party loyalty be damned, just do the right thing.<BR/><BR/>Militarily, in that our Men and Women in uniform must be taken care of. They are a national treasure and are not to be handled haphazardly. They must be well trained, well equipped, well paid, well rested, and well compensated for their sacrifice.<BR/><BR/>Monetarily, in that our Nations monetary strength must return. Debt is not wealth. We need to trim the pork and get our heads back in the game. We can’t give millions in foreign aid, when we’re billions in debt.<BR/><BR/>Socially, in that I am my brothers’ keeper. I am to give him a hand up, not a hand out. I am to teach someone to fish. I am to donate to the food bank, not for the deadbeat parents, but for the child whose only good meal of the day may be from the school cafeteria. I am to keep a pair of jumper cables in the trunk for a stranded motorist. I am to be a good steward of the land, not for the tree hugger, but so that future generations may also have food on their plate, and warm hides on their backs. I am to turn the other cheek.<BR/><BR/>I am to judge not, lest the rod that which I am measured be short, and I am found wanting.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-16251497333963686772008-11-06T04:32:00.000+00:002008-11-06T04:32:00.000+00:00I can't wait for the "Radioactive fallout and SHTF...I can't wait for the "Radioactive fallout and SHTF" blog. Hi everyone, hi mammoth!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-771342866145339122008-11-06T03:02:00.000+00:002008-11-06T03:02:00.000+00:00Soot and ashes is what you get after seeds and ste...Soot and ashes is what you get after seeds and stems ;-)Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-35301485238616104302008-11-06T02:57:00.000+00:002008-11-06T02:57:00.000+00:00"I am not an obama supporter at all (he's going to..."I am not an obama supporter at all (he's going to destroy the country more than bush)...."<BR/><BR/>You're gonna have to be more specific. Let's see...<BR/><BR/>Didn't do anything to stop 9/11 when the signs were there? Check.<BR/><BR/>Led a "dumb war" in Iraq? Check.<BR/><BR/>Took his eye off Afghanistan? Check.<BR/><BR/>Spent $10 billion per month on the "dumb war"? Check.<BR/><BR/>Said "screw it with people's privacy" and enacted the Patriot Act? Check.<BR/><BR/>Decided some forms of torture are not really torture, so it's okay? Check.<BR/><BR/>Looked the other way on the housing boom and bust? Check.<BR/><BR/>After not recognizing the housing crisis, decided that Paulson and Bernanke can spend taxpayer dollars bailing out Paulson's buddies? Check.<BR/><BR/>To say that Obama will destroy the country more than Bush is like saying that dropping a second bomb on Nagasaki would be worse than dropping the first one.<BR/><BR/>"It may, however, have unintended consequences for the racialists who will continue to say that America is an inherently racist country. It will be a lot harder for them to say that now that a black man is the most powerful man in the world."<BR/><BR/>That's actually a pretty smart comment. Not only that, but as one guy said on ABC News, young adults can't blame their problems on not having a father around. Their mothers can just point to Obama and say, "He didn't have his father around, and now he's president of the United States. What's your excuse?"Chrishttps://www.blogger.com/profile/10586722597797330208noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-39542271981166339952008-11-06T02:48:00.000+00:002008-11-06T02:48:00.000+00:00Well...well...well...Now Keith - we can discuss th...Well...well...well...<BR/><BR/>Now Keith - we can discuss the real issues...like:<BR/><BR/>Overshoot - Catton<BR/><BR/>www.dieoff.com<BR/><BR/>Peak Oil<BR/><BR/>See - housing was only the warm up show.<BR/><BR/>We will have some fun here.Roccmanhttps://www.blogger.com/profile/13941353492023923157noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-72757049835925012302008-11-06T02:32:00.000+00:002008-11-06T02:32:00.000+00:00I'm still getting over losing HP, but here we go! ...I'm still getting over losing HP, but here we go! Looking forward to more years of commentary from Keith and all the usual suspects. HP was the reason why I sold my home at the top, and I'm hoping everyone here gives all their thoughts pro and con about the issues, I love to hear all sides, even when I disagree! Cheers to everyone, and like Keith says, let's get to work!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-10566303990050824372008-11-06T01:59:00.000+00:002008-11-06T01:59:00.000+00:00Perhaps a Phoenix will rise from the ashes?Jersey ...Perhaps a Phoenix will rise from the ashes?<BR/><BR/>Jersey GirlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-10600254030237280362008-11-06T01:49:00.000+00:002008-11-06T01:49:00.000+00:00I think you're about 2 years early. Housing market...I think you're about 2 years early. Housing market in the U.S. hasn't bottomed, housing prices have only just begun to drop in Europe. The recession that started in December 2007 or January 2008 isn't even one year old. You sure you want to be calling a bottom right here and now?<BR/><BR/>We haven't capitulated yet. Stocks rally for a week and suddenly everybody's calling for the end of bear market. No, this is a suckers' rally. Valuations are still too high.<BR/><BR/>Also, Obama can't work miracles, even if he proves to be ten times the president Bush is/was. The damage to the world economy and financial system is too great. We might have a good president now, but we're still headed for much tougher times.<BR/><BR/>That said, even though you may be one or two years early, this is a ballsy move. You're definitely going against the majority opinion of your readers...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-91317306368831195772008-11-06T01:42:00.000+00:002008-11-06T01:42:00.000+00:00Keith,You do understand that...The Implode-o-Meter...Keith,<BR/>You do understand that...<BR/><BR/><B>The Implode-o-Meter HIT 300 TODAY!!!!</B><BR/><BR/>Right on Queue!! You couldn't have scripted it better, given the departure of HP.Tyronehttps://www.blogger.com/profile/04226876002855072090noreply@blogger.com