talking stupid in the USA
 

Talkng stupid in the U.S.AAAAAA.Hey,somebody could make a song out of
that.
cuhulin

buying stupid in the USA
 

The only people that will seriously get hurt are those that have
mortgages/owe money. Esp adjustable or interest-only mortgages.

I purposely bought a small house that I could afford to pay cash for.
Five years ago, people told me I was nuts, didn't I want to make
appreciation money on the biggest house I could afford?

No. I refused to be buried in debt. As the job market disappears and
wages go down, I will still be able to live. I may not have 3 bedrooms
and 2 baths....but at least I can pay the bills with the lower wages
being paid in this country now days.




On Thu, 24 Aug 2006 01:02:19 GMT, Dick Chisel wrote:


All well and good, but paying insane prices for real estate is a
"bubble" and when the bubble bursts (as they all do), the -ENTIRE-
country gets hurt...even maroons in Holland Michigan.

(Or doesn't your feeble brain remember how bad the -country- got hurt
when the "dot com" bubble went bust????)

buying stupid in the USA
 

LJ wrote:
The only people that will seriously get hurt are those that have
mortgages/owe money. Esp adjustable or interest-only mortgages.

I purposely bought a small house that I could afford to pay cash for.
Five years ago, people told me I was nuts, didn't I want to make
appreciation money on the biggest house I could afford?

No. I refused to be buried in debt. As the job market disappears and
wages go down, I will still be able to live. I may not have 3 bedrooms
and 2 baths....but at least I can pay the bills with the lower wages
being paid in this country now days.

I sincerely and whole-heartedly congratulate you! (and too bad there
aren't a whole lot more like you).

Unfortunately (and as I stated previously), you and those like you are
sadly a very small minority. A large portion of the country is in debt
up to their eyeballs and are teetering on the edge of financial ruin.
Will the housing bubble going bust push them over the edge???

(note for the nit pickers: that's just a -rhetorical- question).

P.S. from your comments above, I'm glad to see you realize that the job
market is disappearing and that wages are going down. Many others on
this newsgroup haven't quite figured that out yet.

buying stupid in the USA
 

Dick Chisel wrote:

LJ wrote:
The only people that will seriously get hurt are those that have
mortgages/owe money. Esp adjustable or interest-only mortgages.

I purposely bought a small house that I could afford to pay cash for.
Five years ago, people told me I was nuts, didn't I want to make
appreciation money on the biggest house I could afford?

No. I refused to be buried in debt. As the job market disappears and
wages go down, I will still be able to live. I may not have 3 bedrooms
and 2 baths....but at least I can pay the bills with the lower wages
being paid in this country now days.

I sincerely and whole-heartedly congratulate you! (and too bad there
aren't a whole lot more like you).

Unfortunately (and as I stated previously), you and those like you are
sadly a very small minority. A large portion of the country is in debt
up to their eyeballs and are teetering on the edge of financial ruin.
Will the housing bubble going bust push them over the edge???

(note for the nit pickers: that's just a -rhetorical- question).

P.S. from your comments above, I'm glad to see you realize that the job
market is disappearing and that wages are going down. Many others on
this newsgroup haven't quite figured that out yet.

But many of us have figured out how to use a SW radio which is more than you
seem to have done Grabowski.

dxAce
Michigan
USA

buying stupid in the USA
 

John S. wrote:
First, I sincerely hope it just "slows down", not collapses.

What exactly is a collapse.

If you claim to have "been in banking for 30 years" and have to ask what
a collapse is, you've not been doing your homework or reading your
history and should perhaps consider a different occupation.

You have avoided telling us exactly how the "entire country" (your
words) will be hurt by a slowdown or even downturn in real estate
prices. Please tell us precisely how the entire country will be hurt.
Remember entire country means just that...each and every person,
business and governmental unit.

There were two reasons I used the phrase "entire country". The first is
that it is just a figure of speech; don't try and read too much into it.

The other reason is -context-. This was originally written to answer a
previous responder that said the only people affected were -just- the
sellers, a premise I disagreed with.

Please don't be so foolish or naive as to think that my figure of speech
-literally- meant every man, woman and child in the country.

Furthermore, I fully realize that even during the Great Depression of
the 1930s, as horrible as it was, there were people who weren't hurt and
even those who profited. Yet, this didn't mean the Depression was a
good thing for the country.

Petty nit picking on your part notwithstanding, I fully believe that the
collapse of any bubble, housing or otherwise, affects more of society
than just the seller and that, generally speaking, is detrimental to the
nation's economic well being.


The only crowd to get burned in this speculative madness will be those
who got in late.
Sorry, Jack--I don't buy that. Very naive of you. That's like saying a
Ponzi (pyramid) scheme is good for the early but bad for the latecomers.
I believe the Ponzi scam/scheme is ultimately going to be bad for
-everybody-, all the time, every time, early or late.

You need to look up the definitions of ponzi scheme, pyramids, etc
before throwing them around. You look like a fool by using them
inappropriately here.

I know the definition of a Ponzi scheme. YOU look the fool by missing
the analogy here--early vs. late profiting, NOT to imply that the
housing bubble is a Ponzi scheme.

But to follow up on your statement, how does the homeowner who
purchased early in this housing cycle get burned. All he has to do is
do as others have - continue to use the house as a home and make the
payments.

Yeah, right. In some instances, I am sure this will happen---BUT, how
long is the happy homeowner going to keep making payments on his
$400,000 house that is now worth $300,000? It's just like being "upside
down" with your car payments...you owe more than the car is worth.

Pardon me for not responding to the rest of your nit-picking, but it
comes down to this irreducible minimum: I believe that the the housing
bubble going bust is bad for the economic well being of this country;
you, apparently, believe otherwise. We are each entitled to our
opinions. No sense going any further.

buying stupid in the USA
 

bobbbo wrote:
"mike maghakian" wrote in message
. ..
sometimes people complain when I point out people paying real stupid
prices
for something on eBay.

The reason for that is Hamfests and Swap Meets in general are DEAD.
Finished! Kaputski! Stick-a-fork-into-it! (etc..etc..)
Dayton Included too. I went to Dayton this year after a 5 Year sabbatical.
Fully 1/3'rd of the outside vendor spaces were empty.
Just 5 Years ago this was a rarity and 10 years ago it was downright
impossible.

Why? Reasons are many....aging ham/swl population, SK's, health/travel,
cost
of gas food lodging etc... then again, why drive when you can order new
online
an it's at your door via UPS in a few days?

Ham radio is changing and it is aging. more than HALF the hams I used
to talk with on 75M HF just from 10 Years ago are all SK's. That alone
speaks volumes folks!

E-Bay did not kill hamfests. Hams themselves are dying off and
most of the stuff is ending up on e-Bay where it's a feeding frenzy.
This too will end in a few (10?) Years time also.

In short....Wayne Green (W2NSD) had it right all along folks.

Enjoy the rest of the ride.


The various "free flea" ham events that pop up here ins S FL are well
attended. They are short and sweet events opening at the crack of
dawn and ending by noon. Stuff for sale is a mix of old radios
from the 50's through the 90's (with a few WWII boat anchors here
and there), lots of computer crap (who wants pre-pentium stuff these
days?), and a few tube vendors. Also the usual guys just cleaning
out their junk boxes. Why pay to go to a big ham fest when you
can show up at a freebee? I usually don't find any real big bargains,
but I do bump into old friends, chew the fat, and usually take home
some needed parts for a project.

Maybe the flea markets at the big
shows are lean because all the sellers have dumped their stuff at
the free fleas? It is a pain to have to load up, set up, hang around
for two long days and then pack it all back in and go home. With
the free fleas you just open your trunk throw a blanket on the floor
or open up a folding table or two. 5 or 6 hours later, (not too
long a drag) you pack it up and go home. You'll take less stuff
to sell, and maybe have to go to a few free fleas to get rid of it all
but somehow it seems like less wear and tear on the old body.

I still like to go to one big hamfest a year though, just to see what
the big vendors have come up with.

buying stupid in the USA
 

My biggest gripe is that the SAME guys show up selling the SAME old crap
that you have seen for the last 4 or 5 years now and the all think that they
have stuff made out of pure diamonds. If the rest of us don't buy their
overpriced crap then prices would come in line with reality. (getting off
soapbox now...;-)

Chris

buying stupid in the USA
 

Rather than using attention getting statements that place results at
the extreme why not take the time to tell us what you really think.
Yes, if the country isn't really going to collapse then what will the
problems be and what impact will they have. Yes, tell us what you
think will really happen rather than using using unsupportably wild
statements that project a collapse.

buying stupid in the USA
 

www.devilfinder.com U.S.federal government and new world order

Another devilfinder.com srarch,
RSF article about yahoo

Be sure to read what it says about yahoo and google and msn.

And bush is not the real prez (he is the so-called ''prez'' in name
only) of U.S.A. SHOTGUN cheney is.
cuhulin

buying stupid in the USA
 

Dick Chisel wrote that the housing bubble going bust would hurt the
whole economy.

dxAce then wrote:

All well and good, but it is THEIR money. Not MY money, not YOUR money, but
THEIR money. [implying that the -only- one to be hurt would be the home seller]

John S. wrote:

Yes, if the country isn't really going to collapse then what will the
problems be and what impact will they have.

Well, just for a start, here are two answers to your question of "what
will the problems be"...

On September 1, 2006, the Wall Street Journal wrote:

(Page A1, column 2)

"But retailers reported mixed sales for August, stoking concern that a
-slow housing market- may damp the fall and holiday shopping seasons".

and (Page C1, column 5 headline)

"Housing Chill Begins to Pinch Nation's Banks"

Let's see now...the housing bubble is causing the WSJ to express
concern, the retailers are worried and the banking industry is beginning
to get pinched.

Maybe it's time for you guys to drop them a note saying not to worry...

As John S. has been in the banking industry for 30 years, I will let him
figure out "what impact it will have".