Bank Failures

[SHELLY]

Are there potties of gold at the end of above said rainbows?

I wouldn't know....you'll have to ask the folks who chased rainbows what they found in the potties.


.

 

[Capricious]

"...Fun to watch? I have heard this attitude from a few people....what the hell is fun about it? Hardworking people getting laid off?


As I have posted elsewhere on this board, I have had one employer
go bankrupt and dissolve on me, and my wife has been permanently
laid-off from not one but TWO jobs.

Been there. Done that. Stayed finacially solvent

Besides, the problems with the whole real estate/ sub prime/alt-a/etc.
mess have not been, generally speaking, arrising from issues with
the termination of employement.



"...People losing their life savings in real estate? People relocating their families hoping for a better life only to end up in financial ruin.....Maybe you would enjoy dog fighting and midget tossing too. .."



I am against midget tossing. It is my understanding that the gold medalist
in midget tossing was on sterioids.

Perhaps if the midgets themselves used sterioids...




'...There seems to be an attitude from some that seems to enjoy seeing people fail, especially those who may have ridden the bubble to some success, only to have it explode under them..."


If you ride a bubble, and the bubble "pops," dropping you arse back
to planet Earth, I happen to think that is EXTREMEMLY funny.

If your "success" dissolves that easily, then it really wasn't "success,"
now was it?

No apologies.

Now, intermission is over and the show is starting anew....

 

[John R]

Fun to watch?... and buy a lake house in Eufaula....even if it is one person I think that it is a damn shame.

So, you would have a board where no real life topics are discussed? There is much more to read here than the 'real estate' section, as you are well aware. Possibly you could start the Snapperheads board, that lists only yard sales and two for one drink specials...

What's wrong with a lake house in Eufaula?

 

[Yellow Hammer]

If you ride a bubble, and the bubble "pops," dropping you arse back
to planet Earth, I happen to think that is EXTREMEMLY funny.

Again, I have to ask why this is extremely funny?

I was not looking for an apology, I was just trying to figure out why someone would revel in someone elses problems......and your post explains your position......"if my life sucks, I hope yours sucks too"

 

[Capricious]

......"if my life sucks, I hope yours sucks too"


Au contraire

My life does not suck.

True, we don't own beachfront property on the panhandle.

But we do get to occasionally vacation there.

And we do have 7.5 acres of undeveloped lakefront
land, purchased (3) years ago for cash.

And the wife bought a new Toyota last year. Also for cash.
Made her quite happy

Our modest home is almost paid for (we could pay it off, but
at 5.5 apr, why bother?).

We are actually quite content.

But we do not have cable.

We don't miss not having cable, however.

We are much entertained by the "reality show"
occuring all around us.

Wth no commerical interruptions.

 

[Capricious]

"master liquidity enhancement conduit"


http://www.bloomberg.com/apps/news?pid=20601087&sid=abj6tFU69Wtk&refer=home


"Oh what a tangled web we weave,
When first we practice to deceive"

Sir Walter Scott

 

[flyguy]

I see opportunity knocking for those that waited.


I also agree. I almost bought in 2005. I am paying cash so it would not have been the end of the world. But boy am I glad to be on the sidelines waiting.

I also agree that it is still too soon to jump in. Better to be a little late than too early in this type of down real estate market. Prices could easily fall a good bit more, but probably won't bounce back up too quickly when the market does eventually turn around.

JMHO
Flyguy

 

[Yellow Hammer]

......"if my life sucks, I hope yours sucks too"


Au contraire

My life does not suck.

True, we don't own beachfront property on the panhandle.

But we do get to occasionally vacation there.

And we do have 7.5 acres of undeveloped lakefront
land, purchased (3) years ago for cash.

And the wife bought a new Toyota last year. Also for cash.
Made her quite happy

Our modest home is almost paid for (we could pay it off, but
at 5.5 apr, why bother?).

We are actually quite content.

But we do not have cable.

We don't miss not having cable, however.

We are much entertained by the "reality show"
occuring all around us.

Wth no commerical interruptions.

I am glad to hear how content you are, and I wish you continued financial happiness. I only hope that you are forced find another form of entertainment than the current economic situation of others on the panhandle.

 

[Capricious]

"... I only hope that you are forced find another form of entertainment than the current economic situation of others on the panhandle...."


(Continously clicking the remote control)

but there's nothing else on....




Look at the bright side: the troubles in the real estate
sector extend WAY beyond the panhandle

 

[Yellow Hammer]

I give up....