tag:blogger.com,1999:blog-6568749253826790814.post8979913685437741673..comments2024-01-05T10:11:27.498+00:00Comments on Soot and Ashes: The World AFTER the Crash: In 2007, realtor on commission Greg Swann had 21 reasons to buy Phoenix real estate. Right before it crashed predictably and horrifically.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-6568749253826790814.post-22116314314922929862009-04-29T10:58:00.000+01:002009-04-29T10:58:00.000+01:00Greg Swann, a Phoenix real estate agent, took a mo...Greg Swann, a Phoenix real estate agent, took a moment to marvel at the news. "What happened here will some day be a new chapter in 'Extraordinary Popular Delusions and the Madness of Crowds,' " the classic survey of investing mania, he said. "We were living during the boom like there was no tomorrow. And guess what? Now it's tomorrow."<br /><br /><A HREF="http://www.nytimes.com/2009/04/29/business/economy/29econ.html" REL="nofollow">Home Prices Continued Their Decline in February - NYTimes.com (29 April 2009)</A>Your Computer Conciergehttps://www.blogger.com/profile/03814970470083455930noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-115413094500047372009-04-01T05:21:00.000+01:002009-04-01T05:21:00.000+01:00Phoenix isn't a bad part of the country, and is a ...Phoenix isn't a bad part of the country, and is a nice place to live for many people. It's too bad that stated income and major speculation destroyed their real estate market. Once those crashing home prices find their bottom (when ever that is) and those bad loans are largely purged out of the system then those 21 points might be a little more valid. <BR/><BR/>It truly is amazing though how Realtors in large part don't understand (or choose to ignore) the economics of Real Estate. The fact that this guy assumingly believed that real estate values would continue to converge away from rents and real income growth just proves that he's as clueless about the economics of real estate as is Wall Street.marcohttps://www.blogger.com/profile/02702969767620944357noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-37742151462057054822009-03-30T12:41:00.000+01:002009-03-30T12:41:00.000+01:00PERFECT POST. Lifestyle, migration, and golf have ...PERFECT POST. Lifestyle, migration, and golf have nothing to do with IF YOU ARE PAYING THE RIGHT PRICE OR NOT. People dont understand mortgage rates, tax, inflation, asset bubbles. They get some pitch about snowbirds and they buy......WHEN IS THE PUBLIC GOING TO SMARTEN UP? ITS SADwallstreetveterannoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-6077752577258853952009-03-30T00:33:00.000+01:002009-03-30T00:33:00.000+01:00I wonder: Is Greg Swan bawling balefully in privat...I wonder: Is Greg Swan bawling balefully in private right now. I'm sure he'll never admit publicly how foolish he was.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-14073213557354749212009-03-29T17:20:00.000+01:002009-03-29T17:20:00.000+01:00That's a pretty expensive golf lessonThat's a pretty expensive golf lessonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-91645373191826122912009-03-29T13:28:00.000+01:002009-03-29T13:28:00.000+01:00Gee, all his reasons sounded sooo good on paper. B...Gee, all his reasons sounded sooo good on paper. But you know, lies, damn lies, and statistics. You just can't always go with the numbers and the rationales. Some things just happen the way they do. And the Phoenix crash just happened without all those good reasons for it not happening. Will the Phoenix rise from these new ashes?Deserted Desertnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-11478076317008441972009-03-29T12:17:00.000+01:002009-03-29T12:17:00.000+01:00Those 123°F summers must be nice !Those 123°F summers must be nice !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-9402636775687420262009-03-29T12:07:00.000+01:002009-03-29T12:07:00.000+01:00Currently, homes in the Inland Empire, (for exampl...Currently, homes in the Inland Empire, (for example Lake Elsinore) are under $150,000 to $200,000 and big 2700sq+ ft homes at that! That's like under construction cost!<BR/><BR/>You guys think it's wise to buy investment properties at this point? I do think rents will go down 20-30% from this point.<BR/><BR/>Btw, check out the blog I started http://www.askbutwhy.com<BR/><BR/>March 28, 2009 9:13 PM<BR/><BR/>No, don't jump in and buy just because prices have come down so much in a short time span. Remember, this deflationary depression is just starting out. Rents will come down big time, thus you must factor that in. Also, just be patient and remember that with real estate prices, you won't see a 150K home shoot up to 250K in four months, the prices when they turn around will be small and gradual.Nimeshnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-888743529474722172009-03-29T05:39:00.000+01:002009-03-29T05:39:00.000+01:00Everything on Swann's list may be true, but it onl...Everything on Swann's list may be true, but it only adds up to a 1 or 2% annual increase, not 20%. That's where he made his mistake.<BR/><BR/>Also, I was surprised by how deceptive the picture on his blog is. He's not a fit sun-worshipper, he's a fat little guy who can't even talk for thirty seconds without wheezing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-2254742030843055662009-03-29T04:32:00.000+01:002009-03-29T04:32:00.000+01:00Phoenix: Kidnapping Capital of the USA “We’re in t...Phoenix: Kidnapping Capital of the USA <BR/><BR/>“We’re in the eye of the storm,” Phoenix Police Chief Andy Anderson told ABC News of the violent crimes and ruthless tactics spurred by Mexico’s drug cartels that have expanded business across the border. “If it doesn’t stop here, if we’re not able to fix it here and get it turned around, it will go across the nation,” he said.<BR/><BR/>www.newsnet14.com/2009/03/phoenix-kidnapping-capital-of-the-usaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-71168064113379270912009-03-29T04:13:00.000+01:002009-03-29T04:13:00.000+01:00Let's pick on Kendra Todd next - probably the seco...Let's pick on Kendra Todd next - probably the second dumbest mental midget to grab the mic and announce her dumbness to the world! (2nd to Swannie, naturally)Nickhttps://www.blogger.com/profile/01929159406233957594noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-20268745313550851532009-03-29T04:11:00.000+01:002009-03-29T04:11:00.000+01:00I love it! Probably the funniest posts on this bl...I love it! Probably the funniest posts on this blog are the ones going back a few years and quoting the ass-hats like Swann. That guy, like so many of his kind was so arrogant, so condescending, and so completely full of (incorrect) gas. What a total douche!Nickhttps://www.blogger.com/profile/01929159406233957594noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-74380714028399073552009-03-29T03:46:00.000+01:002009-03-29T03:46:00.000+01:00Keith, while you're snoring away with visions ...Keith, while you're snoring away with visions of chicken wings dancing in your head, there are 300 million of us over here trying to get a word in edgewise. But we have to wait 'til TOMORROW to continue the conversation... pfffft!<BR/><BR/>Anyway, my point was...<BR/><BR/>Shit. I forgot. I had one, though.<BR/><BR/>Hey, I searched the archives, and you've made no mention of celery/bleu cheese... what's the deal?<BR/><BR/>Ahh, now I remember what I was going to say.<BR/><BR/>I can tell, sense, notice, etc...<BR/><BR/>just from reading HERE (S&A), that the masses (INcluding S&A'ers) are ALREADY lightening-up, numbing-down, losing-their-edge, blah blah...<BR/><BR/>The MASSES (ok, "Sheeple," I guess) are ALREADY adjusting to The New Deal, or, The New World Order (sorry, but the words fit)<BR/><BR/>The rage, the anger... it's ALREADY toned down by 40 decibels.<BR/><BR/>HERE, I mean. On S&A.<BR/><BR/>And EVERYWHERE else.<BR/><BR/>This wonderful blog-o'-yours is a perfect CASE STUDY all on its own. <BR/><BR/>Humans are resilient, that's part of it. <BR/><BR/>Humans are ______ ....<BR/>what's the other part(s)?<BR/><BR/>No, we won't willingly be led to the gas chamber, ever again.<BR/><BR/>But... but... <BR/><BR/>Isn't that what's happening?<BR/><BR/>There are ways to be a willing and able partner in a new global economy, etc... without losing our identity/history/pride/values/principles/vision... <BR/><BR/>productivity, even!<BR/><BR/>What say you, Mr. President?<BR/><BR/>Never mind. <BR/><BR/>We're fucked.<BR/><BR/>All you stupid motherfuckers.<BR/><BR/>It could've been SOOO easy.<BR/><BR/>So many problems solved.<BR/><BR/>So much pain eliminated, forever.<BR/><BR/>Even fun, too. <BR/><BR/>All at once.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-80832153545584642382009-03-29T03:40:00.000+01:002009-03-29T03:40:00.000+01:00Irrelevant chart, means nothing. Plenty of other ...Irrelevant chart, means nothing. Plenty of other news coming out of Phoenix to make the case for continued decline in housing prices, and reasons not to live in the city of ashes, drugs, and illegals.<BR/><BR/>KangtongAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-53612484462801832172009-03-29T02:31:00.000+01:002009-03-29T02:31:00.000+01:00saw that doggie 450,000 at 87,000 in 2002 and it l...saw that doggie 450,000 at 87,000 in 2002 and it looked better and less enslaving..............Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-63601564696595796192009-03-28T23:34:00.000+00:002009-03-28T23:34:00.000+00:0022. The kidnapping rate is less than Mexico City.22. The kidnapping rate is less than Mexico City.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-40827301834025323742009-03-28T23:26:00.000+00:002009-03-28T23:26:00.000+00:00Here's a good one:State police started placing the...Here's a good one:<BR/><BR/>State police started placing the cameras on highways around Phoenix in November. In December, a trooper arrested a man in Glendale while he was attacking a camera with a pick ax. In another incident, a troupe of men dressed as Santa Claus toured around the city of Tempe in December and placed gaily wrapped boxes over several traffic cameras, blocking their views. Their exploits have been viewed more than 222,000 times on YouTube.Wind Farmernoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-11139028857917151722009-03-28T23:20:00.000+00:002009-03-28T23:20:00.000+00:00Could you also explain the Rimsza thing in a littl...Could you also explain the Rimsza thing in a little more depth?<BR/><BR/>I knew the guy seemed slimy, but what was he able to pull off as Mayor aka Realtor in Chief.Rosshttps://www.blogger.com/profile/02838979958618850383noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-44785659958789992472009-03-28T23:19:00.000+00:002009-03-28T23:19:00.000+00:00Keith, did you read the article that Anon posted f...Keith, did you read the article that Anon posted from today's AZ Repugnant? Absolutely freaking priceless.<BR/><BR/>I posted a link below because it's a little hard to find, thankfully:<BR/><BR/>http://tinyurl.com/c6hgahRosshttps://www.blogger.com/profile/02838979958618850383noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-31153449983696963632009-03-28T23:16:00.000+00:002009-03-28T23:16:00.000+00:00Wow. Okay!It's been so long since I read those 21...Wow. Okay!<BR/><BR/>It's been so long since I read those 21 reasons that I had forgotten how bad they were.<BR/><BR/>It's not just that the reasons are wrong, like building thousands of houses a year is a reason the market won't collapse.<BR/><BR/>The problem with the list is that it's utterly nonsensical. It's like he wrote the list while very tired or drunk. How many of the 21 reasons are just a variation on 'people want to move here to avoid snow'.<BR/><BR/>I do feel some sympathy for the guy though. You have to feel sorry for someone who is such a clueless power-tool.Paul E. Mathhttps://www.blogger.com/profile/03719759088047080921noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-68603472219282699152009-03-28T22:10:00.000+00:002009-03-28T22:10:00.000+00:0022. Pro Athletes.23. Prone to one natural disaster...22. Pro Athletes.<BR/>23. Prone to one natural disaster - Summer.soft landingnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-72417238492803876882009-03-28T21:56:00.000+00:002009-03-28T21:56:00.000+00:00Stop renting and start living!Stop renting and start living!vanilla icenoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-31014626036520506622009-03-28T21:55:00.000+00:002009-03-28T21:55:00.000+00:00Good point about AZ and education.Not only do kids...Good point about AZ and education.<BR/><BR/>Not only do kids get a crap education, they also learn bad habits like debt, credit cards, strip mall shopping, cocaine use and never studying a day in their lives.<BR/><BR/>AZ is an incredibly beautiful state. But it was ruined by the REIC, especially Skip Rimza. <BR/><BR/>Unless they can get rid of the realtors, mortgage brokers, real estate scammers and developers, they'll be screwed forever.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-31021767609578777182009-03-28T21:52:00.001+00:002009-03-28T21:52:00.001+00:00Here's Swann mocking HousingDoom:This morning’s Ar...Here's Swann mocking HousingDoom:<BR/><BR/>This morning’s Arizona Republic has a little featurette on a housing bubble weblog in Gilbert. It’s called the Housing Doom Housing Bubble Blog, but I think would it be more sonorous if it were to be named the “Housing Doom Housing Bubble Housing Blog” or even the “Housing Doom Housing Bubble Housing Blog Housing.” After all, soon enough there will be no housing, according to the BubbleHeads. That notwithstanding, the Housing Doom Housing Bubble Blog insists that, “The housing bubble is getting ready to burst.” That sounds like an ascription of purpose to me, and I’m left wondering why the housing bubble doesn’t take itself down to the Doc-in-the-Box to have itself lanced. I mean, who wants bubble pus all over the carpet?<BR/><BR/>For what it’s worth, the Housing Doom Housing Bubble Blog is not as amazingly daft as some other BubbleBlogs. But so close to home… And in Gilbert no less, perennially the fastest growing small city in America… Think about it: How do you go about seeing faces in clouds in a place where there are no clouds?bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-71390801373142631212009-03-28T21:52:00.000+00:002009-03-28T21:52:00.000+00:00Why would anyone with kids more to AZ? They're in...Why would anyone with kids more to AZ? They're in the bottom 5 states in education and regardless your position on ESL, classes are going to be dominated by Spanish speaking students...Bennoreply@blogger.com