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I swear to god, I come out of there feeling like Nero with an electric fiddle. The more bad news, the happier I am. It aint healthy! :-D
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It's not healthy. I feel that some on the buyers forum are only acting happy because they are more concerned with proving themselves "right" than they are with the economy. It's really sad that some people are so narcisistic that they'd rather tthemselves be "right" (redundant, I know) than see the economy recover.
I go into the buyers forum trying to keep a standback and watch and report, but end up getting disappointed with some over there.
When I try to be helpful by posting things like "Constructive Advice on Waiting", or things like that, the hardcore pessimists say "you're just trying to sell houses". I do feel however, that the average person on the buyers board "doesn't" want to see pain and suffering, and are very receptive to helpful advice without the "buy now" lines that a lot of Realtors say.
Try to keep a realist mind, and keep things in perspective. We don't want a suffering economy, and affordable, responsible homeownership is good for all. I don't want to see job losses, but I do want more responsibility in the real estate industry. As ghennis would say..."This is my pew, this has always been my pew."
Oh, and not to leave any characters out...there are "some" over there who make the buyers board worse, because they claim to be rich, and that all bitter renters are idiots. So the hardcores post to try to bring them down a notch. They don't help either. That's not a realistic view, so others take joy in proving them wrong.
Actually Jim, I make my money when the economy is not healthy. Almost all of my big gains come from other people's stupidity. Heck one of my biggest early gains was buying stock in Unisys, back when everyone wrote them off in 91. The public and the so called experts wrote them and Fairchild off since the “evil patriotic war machine” was dead. That is the point of a free market, someone is right and someone else is wrong. The mass majority tries to ride the wave in between (Hedge fund). When you have an artificial economy in place like the last 15 years, it really bites for those of us that want to play the game.I am less gleeful about being right, that is a given or I would not be where I am. I am gleeful that the masses are getting their just deserts for living like idiots for 2 decades and thinking it was normal. I look forward to a time where the normal people live in their means and quit thinking god/the universe/*insert deity here* loves them best and gives them McMansions and SUVs.Gleeful about sums it up. You know when that 2 year old is throwing an all out tantrum in the store and the parent does nothing, then the kid wipes out and smashes into the ground due to his own stupidity? The parent then is suddenly involved and embarrassed but everyone knows who will be on Springer in 20 years. That same type of ironic glee comes when I see every bad economic report..Don't get me wrong, I do my part to help people that need it. I volunteer in what is nearly a second career. I just think people who choose badly should be punished. I have made my bone head mistakes and paid for them as well. Problem is, most people demand a bailout or try and cheat the system.GleefullyVal
I wouldn't consider a 2 year old's wiping out in the store their stupidity. Two year olds are still babies in my eyes. Maybe a 5 year old.
And this just deserts you are talking about....is that like camels and sand? Or dessert like chocolate cake and fruity Jello? LMAO
HA! I am a slave to spell checker. I am undiagnosed dyslexia till college. I R teh wurst speelur in teh wurld. Thanks god for MS Word.
er I was undiagnosed dyslexia. I am going to go over here and play with my leggos now and eat the paste.
I understand your point very well Val. Coming from a family of investors, the most money comes from the worst of times. Going against trends with a smart, established formula has always been the "secret". I just don't like how some just seem evil about the whole thing. At least be constructive ya know.
I don't find your posts over there offensive at all. You have a great handle on what's going on. So I wasn't pointing fingers at you, I was just making an assessment of the board. Keep posting though, I like your style.
If you don't know by now Val, I was kidding.
So was I. Yellow crayons taste so much better than paste.
The buyer's forum is great. Most of us have been ahead of the curve. Industry insiders like Jim and azrob offer insightful opinions. But mostly, it's great to finally have a place to speak out against the industry propaganda. Realtors still stop by and extol the virtues of owning, delivering the typical scare tactics that renters will "miss the opportunity", but a lot of us are there waiting to tackle them.
Klarek, I just had a funny conversation over on the investment board with a somewhat newcomer that asked about the "xxx..the realist" thing. I told her that I think you started it, and that it's kind of a battle between sides on what stance is the "realist" stance.
The buyer's forum is a mess. It is full of people who scour the internet and Google all day long looking for the next great gloom and doom article to post. And they are always inconsistent. Within the same 24 hours, Aldreth psoted an article that says prices will fall another 7% while Spleng posted an article that says prices will fall by 38%. Come on, enough aldready!
For Val :
Most kittehs are VERY good
But there are those who do find it very tuff....
Damn, someone already registered Doomers.com. But it has nothing to do with the world ending or the housing collaspe. Just some fool trying to make money.
Hey, he has to help offset his 1.2 million dollar loss on the condo some how. Cut him some slack!
Try housingdoomers.com lol
Actually, although I do post a lot of dooming news, it upsets me GREATLY to hear it. I notice that when things hit real bad, and we are all shocked at the high numbers, that we all leave for a bit. Honestly, we don't like the news in here, but if we don't post it, how is that helping others that come here?
Debts, you're not included in the group I'm thinking of. It seems when the worst news hits, this group is here in full force, ready to trounce everyone with the bad news, and then laugh at the pain and suffering this causes.
I can specifically think of one post about countrywide's closing with MANY job losses. There were those on there that said "serves them right", and "it's about time". Now countrywide should be held responsible for their actions, but I'm willing to bet that those record job losses effected so many wives, husbands, and children. And some of the inocents had no part in dishonest dealings.
Laughing and revelling in this, to me, is unacceptable behavior, and I called them out on it. I mean, sure we have anonymity here, but we are humans first.
My family has debated this on numerous occasions. The question we must all ask ourselves is that are we contributing to the problems by our own actions?
For example, I had an arguement with my sis the other day. She's a teacher and the teacher's union out here refused to let the retirable, tenured teachers get laid off. I prefer the ways of back east, where even in a union, they asked for people to volunteer to get laid off and the older workers are the first to volunteer. They feel that other people have mouths to feed, and that it is their social responsiblity to be the first. Remember the miners that gave their oxygen to the kid that was going to college and had young kids in an attempt to save at least one of them? Well, in the discussion with my sis, she said that she would not volunteer when she gets older, that she earned the right to stay. My reply was then she deserves to get laid off. I'm honestly not sure who is more cold, me, for saying it, or her for saying it? Thankfully, we are sisters, and don't feel personally about these debates.
I personally feel that we should be teaching social responsibilty and ethics in school extensively. It's a hard line to draw. Business in itself is so cold and we are all forced into it to earn money. All these people are good people if we meet them, but are forced to be short term as a business thing. 'Business is business, friendship is elsewhere.'
I agree with you about that. I don't think that being a "wholistic" person is stressed enough now-a-days. The idea of "wholism" is that we are constantly living one life, and are one person through that life. We are now taught to be "compartmental" people who can seperate each aspect of their life, and live accordingly in each aspect.
I don't really know if this is what you were talking about, so if not..."here's my rant"
When I was a preteen, we moved to Oklahoma for a couple of years. Was still the oil boom and the rural areas were still 50 years behind the times in many ways.... not a bad thing. I aquired a stepgrandfather that turned out to be my strongest male role model. He was an old wildcatter that bought his own wells and made good enough to retire well.
We were walking through downtown Ardmore, something my father and I had done as he would race to the hardware store to get something. There were the typical small town alley bums. My father would walk by and ignore them. My step... well hell my grandfather stopped and greeted 2 of them. He gave 2 of them some money and talked to them for a while. Introduced me as his grandson and I shook their hands.
Walking away, I was puzzled. I never even had to ask the questions, the lesson started. He explained that each man had worked the oil fields with him. Each had made and lost many a fourtune. Both had made poor choices. They were associates, friends, and human beings worth respect. They were also paying for their mistakes and must learn from them, even if it was at the end of life.
We make everything out to be a crisis, a syndrom, an illness, or simply fate. We fail to teach ourselves and our children simply, "Don't be that guy."
My overall callouse "glee" comes from that lesson being taught to the entire nation. As a society, we need a good a** kicking.
Val: I have lived in Oklahoma my whole life. :) Not a bad place is it.
That explains a lot! :-P j/k
My living resume reads much like Cash's song "I've been everywhere."
Kidding is supposed to be funny Val.
WTF Is up with all the bad jokes today.
What bad jokes?!!??!
An okie walks into a bar with a moose on her head...........
Val, you got my point EXACTLY and even came up with another example. In fact, you just gave new meaning to the saying regarding the homeless that "They chose that life." Many people reply that they really didn't chose that life, yet I see your point that their choices of that past has consequences and that all people need to be respected. Great example.
I find it interesting that even people that know history well still do not think that the banks can someday run out of money because we still have fdic insurance. Could it happen? Yes. Will it? Yes, as soon as we forget that can happen.
It's frustrating not knowing what all is going to happen with this housing mess. Banks are failing. What if the bank that my employer works with fails? FDIC won't cover those accounts. And what about my 401k? I assume the guaranteed interest rate accounts are safe - but are they? What if Principal Financial goes under because of investing in those SIV's?
If my 401k fails, I've come up with a backup retirement plan. I'll plan a great bank robbery and if I'm successful, fine. If not, I'll eat and sleep for free at a federal jail until I die. They forgive you for murdering people, but not for stealing money.
Don't worry so much and enjoy what you have now. ;-) DO SAVE!! Just don't make it your purpose for living. Work to live, never live to work. :-D
You backup plan should be to live life now.
The most frustrating of all is knowing something could have been and still could be done to lessen this universal woe.
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