So with all this idiocy flying around, what are your credentials?

[Ns1]

Originally posted by: miketheidiot
i'm also smarter than all of you and have 7024 posts on an internet forum.

But the real question is, did you noble that DFXA guy in retaliation or for the lulz?

Inquiring minds on dailysum want to know

 

[miketheidiot]

Originally posted by: Ns1

Originally posted by: miketheidiot
i'm also smarter than all of you and have 7024 posts on an internet forum.

But the real question is, did you noble that DFXA guy in retaliation or for the lulz?

Inquiring minds on dailysum want to know

i haven't nobled anyone in a week, and haven't logged on to dailysum in a month

 

[Special K]

Originally posted by: ShotgunSteven
Another one from the same person, from further down in that same thread.

I never said the market won't cool, in fact I said just that, it will be a gentle cooling with likely stagnant prices for a decade. What I said it is not going to be is a market collapse where estate prices drop 20-50% in a year as some in here have gotten their wishfull thinking to believe. In localized markets there could be as much as a 20% drop but even that is at the very far end of what's possible and would take some rather extreme financial moves in the market.

See there are some in this forum that are priced out of purchasing realestate in some markets, particularly california, and as a result they have convinced themselves that if they can't afford it, no one else can so the market is oversold and there will be some dot-boom like crash in housing prices. And that will happen when a million people in california drop dead or terrorists detonate a nuclear bomb in LA. Either way I wouldn't be betting on "the crash".

Another archived thread on the same topic.

He also linked to this article and called it "fuel on the fire," or something along those lines. From the context of the thread, as it was in the same one as those other two posts, I am guessing he meant it was supportive of the ideas behind the notion that there was in fact a nation-wide housing bubble that was going to burst.

Some of the quotes in that thread are epic:

Topic Title: How fvcked are you going to be when the real estate bubble bursts?

It never will. Real estate is a required standard in life.

This real estate bubble you speak of, can you tell me when some more land was created such that the supply/demand curve changed?

 

[LegendKiller]

Originally posted by: Special K

Originally posted by: ShotgunSteven
Another one from the same person, from further down in that same thread.

I never said the market won't cool, in fact I said just that, it will be a gentle cooling with likely stagnant prices for a decade. What I said it is not going to be is a market collapse where estate prices drop 20-50% in a year as some in here have gotten their wishfull thinking to believe. In localized markets there could be as much as a 20% drop but even that is at the very far end of what's possible and would take some rather extreme financial moves in the market.

See there are some in this forum that are priced out of purchasing realestate in some markets, particularly california, and as a result they have convinced themselves that if they can't afford it, no one else can so the market is oversold and there will be some dot-boom like crash in housing prices. And that will happen when a million people in california drop dead or terrorists detonate a nuclear bomb in LA. Either way I wouldn't be betting on "the crash".

Another archived thread on the same topic.

He also linked to this article and called it "fuel on the fire," or something along those lines. From the context of the thread, as it was in the same one as those other two posts, I am guessing he meant it was supportive of the ideas behind the notion that there was in fact a nation-wide housing bubble that was going to burst.

Some of the quotes in that thread are epic:

Topic Title: How fvcked are you going to be when the real estate bubble bursts?

It never will. Real estate is a required standard in life.

This real estate bubble you speak of, can you tell me when some more land was created such that the supply/demand curve changed?

I love when people scream "supply and demand" and "free market", when they really have no idea what those mean, or how they do/do not work.

Some interesting characters in that thread, gives a lot of insight into people's ability to be rational wrt economics/finance.

 

[Pliablemoose]

I have a BS in Nursing, and don't engage in personal deficit spending, and I'm pissed as hell for being asked to bail out an industry that has been fucked for years.

I believe strongly in the moral hazard argument, if we allow the credit markets to implode for a while, we can start over from the ashes after we hang some "geniuses" for allowing/encouraging this to happen, politicians and businesspeople alike.

 

[Nitemare]

"You know, like nunchuku skills, bow hunting skills, computer hacking skills... Girls only want boyfriends who have great skills."