Headlines...

NEW -> Contingent Buyer Assistance Program
[quote author="profette" date=1231064523]Now, if we can just get the <em>NY Times </em>book review to feature the Great Housing Bubble...</blockquote>


I really hope my bastardizing of Wretched Gretchen has no influence on the rest of the NY Times crew. But... then again they were willing to do a tribute to Tanta, but never site her articles, or gawd forbid... her own bastardizing of Gretchen. Maybe the NY Times is just a bitter MSMer?
 
[quote author="zovall" date=1231061882][quote author="morekaos" date=1231036702]

Hey IR, Which post was it exactly?</blockquote>


<a href="http://www.irvinehousingblog.com/blog/comments/rudolph-the-red-nosed-reindeer/">Rudolph the Red-Nosed Reindeer</a></blockquote>


Looks like it did sell for 1.13M in July of this year. You think that was just the bank taking it back?
 
I hate this guy....



<a href="http://money.cnn.com/2009/01/05/real_estate/Lereah.moneymag/index.htm?postversion=2009010510">Confessions of a former real estate bull</a>
 
lol.. I hovered over the link, saw who the 'former real estate bull' was, and then decided to pass on clicking the link/reading the article..
 
another former bull...why do they listen to these guys?

<a href="http://lansner.freedomblogging.com/2009/01/06/forecaster-watts-eyes-slow-recovery-for-pricier-oc-homes/10664/">blowhard watts</a>



The ?bottom? of real estate will be in phases. I expect we will firm up the prices below $500,000 before the end of 2009. However, prices above $500,000 will still not see a bottom in 2009.



I thought OC real estate never went down
 
<span style="font-size: 14px;"><strong>Ohio unemployment claims crash the system</strong></span> (January 8, 2009)



<img src="http://www.blogcdn.com/www.walletpop.com/blog/media/2009/01/2659101604_7368ccdedb_m[1].jpg" alt="" />



<em>According to The Columbus Dispatch, the sudden burst of unemployment claims with the Ohio Department of Job and Family Services has brought the system to its knees. Calls are going unanswered, and worse, the online claim system that the state encourages claimants to use has been brought down by the onslaught.</em>



<a href="http://www.walletpop.com/blog/2009/01/07/ohio-unemployment-claims-crash-the-system/">woo doggy</a>
 
I am quoted in the Wall Street Journal tomorrow, but it is in their paid, online area. Does anyone know how to get around it so I can link to it on the main blog?
 
Someone was bound to do it...kinda morbid but....



<a href="http://wcvarones.blogspot.com/2009/01/greenspans-body-count-adolf-merckle.html">body count</a>
 
[quote author="IrvineRenter" date=1231466497]I am quoted in the Wall Street Journal tomorrow, but it is in their paid, online area. Does anyone know how to get around it so I can link to it on the main blog?</blockquote>


I don't know if this could possibly help, but read this.



<a href="http://machinist.salon.com/blog/2008/03/21/wsj/">http://machinist.salon.com/blog/2008/03/21/wsj/</a>
 
<a href="http://politicalticker.blogs.cnn.com/2009/01/07/porn-industry-seeks-federal-bailout/">Porn industry seeks federal bailout</a>



But the industry leaders said the issue is a nation in need. "People are too depressed to be sexually active," Flynt said in the statement. "This is very unhealthy as a nation. Americans can do without cars and such but they cannot do without sex."



"With all this economic misery and people losing all that money, sex is the farthest thing from their mind. It's time for congress to rejuvenate the sexual appetite of America. The only way they can do this is by supporting the adult industry and doing it quickly."
 
[quote author="IrvineRenter" date=1231466497]I am quoted in the Wall Street Journal tomorrow, but it is in their paid, online area. Does anyone know how to get around it so I can link to it on the main blog?</blockquote>


Any luck? It certainly seems you should be able to find out what's being said without paying anything.
 
<a href="http://www.latimes.com/business/la-fi-kbhome10-2009jan10,0,1186410.story">KB Home losses exceed estimates by 3X </a>



<em>He said he expects "housing market volatility will continue" this year, but added that foreclosures and falling prices are drawing buyers, especially in Southern California.</em>



One of my biggest pet peeves...when executives, pundits, or politicians use words like "unpredictable," "volatile," or "uncertain" as a euphemism for "bad," "declining," "poor," or in this case "crappiness." As if he's going to spare the stock by this weak attempt at obfuscation.



To make it worse, the reporter enables this BS by providing the translation: <em>"...but the company expects home prices to continue falling amid foreclosures." </em> Sheesh.





SCHB
 
[quote author="tmare" date=1231508760][quote author="IrvineRenter" date=1231466497]I am quoted in the Wall Street Journal tomorrow, but it is in their paid, online area. Does anyone know how to get around it so I can link to it on the main blog?</blockquote>


Any luck? It certainly seems you should be able to find out what's being said without paying anything.</blockquote>


The reporter told me it will not run until Monday. It looks like I can link through Google News and it is all free.
 
[quote author="IrvineRenter" date=1231583473]



The reporter told me it will not run until Monday. It looks like I can link through Google News and it is all free.</blockquote>


<a href="http://online.wsj.com/article/SB123152099299568447.html">David Lereah licks his wounds</a>



SCHB
 
[quote author="socalhousingbubble" date=1232065876]<a href="http://www.msnbc.msn.com/id/28645505/">Countrywide claims its workout offers are BS</a>





Everyone <em>try</em> to contain your shock.



SCHB</blockquote>


The Street isn't very happy with them today. <a href="http://finance.yahoo.com/news/US-mulls-fresh-aid-package-apf-14071320.html">Tsk tsk.</a>
 
<a href="http://lansner.freedomblogging.com/2009/01/18/oc-landlords-losing-renters-at-6th-fastest-rate/11922/#comment-95776">OCR: Bad News Landlords - you're losing renters.</a>



Even more downward pressure on OC real estate. Another log on an already blazing fire.
 
<a href="http://lansner.freedomblogging.com/2009/01/19/big-oc-builder-reportedly-cutting-projects-staff/12280/">Laing on Deathwatch?</a>



They've stuck with their Woodbury and Portola Springs projects for far longer than I thought wise...



SCHB
 
<a href="http://abcnews.go.com/Blotter/Economy/story?id=6658365&page=1">Fraud at the request of the Office of Thrift Supervision? Shocking!</a>
 
I have been trying to explain for a couple of years that the supposed great economy since 2003 has been a false economy based on a ponzi scheme of fiat currency, reserve banking, and folks dependent upon government intervention and substituting government intervention for critical thought. Madoff, IndyMac, the Fed and JPM, and now ...

<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aKR0.duZ39I4&refer=home">more fraud</a>

Obama and more debt and more throwing created money at a debt and fiat currency problem is akin to giving heroin to an addict to solve an addiction problem. This is not political. McCain would have done the same.

Trust starts with trust in whatever is being used as money.
 
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