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buying stupid in the USA
sometimes people complain when I point out people paying real stupid prices
for something on eBay. over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. |
buying stupid in the USA
There are people who buy stupid in every Country on Earth.It's their
money.I say let them buy what they like. cuhulin |
buying stupid in the USA
mike maghakian wrote: sometimes people complain when I point out people paying real stupid prices for something on eBay. over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. And if folks want an item and desire to bid it up on eBay it's THEIR money. Now YOU might THINK it's a high price, but it's THEIR money and they want the item for whatever reason. Something to think about, after all we're not all as blessed as Mike Maghakian. :-) dxAce Michigan USA |
buying stupid in the USA
mike maghakian wrote: sometimes people complain when I point out people paying real stupid prices for something on eBay. over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." That's a perfect example of someone who was very late to the real estate buying mania prevalent in many major cities for the past 5 years. I'm sure he was one of the last who got into a bidding war that escalated many multiples over asking price. Unfortunately double digit inflation disappeared and he couldn't flip the house at a profit. There are many holders of over-priced real estate now. Good story, but it doesn't tie well to collector prices people are paying for radios on ebay. the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. The consequences to paying $500.00 for a Sony CRF320 are far far different than the consequences of paying $750k for a house now worth $500k. |
talking stupid in the USA
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buying stupid in the USA
"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. |
buying stupid in the USA
mike maghakian wrote: over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. dxAce wrote: All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. 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
Dick Chisel wrote: mike maghakian wrote: over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. dxAce wrote: All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. 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????) Apples and Oranges... You go sleep on it, you might figure it all out by morning. dxAce Michigan USA |
buying stupid in the USA
Yep! All them are reasons I have stopped attending Dayton and many other
hamfests. But ebay is also a contributor. I got some 2m old crystal rigs via ebay and shipping cost more than the radios. My last time at Dayton a few years ago it was a costly one day ticket (my health not good either) and $8 to park in a handicap parking spot that might as well been down at the mall it was so far. I thought handicap parking meant CLOSE to the doors. With Gas about $3 a gallon depending on the wind... another $100 bucks down the tail pipe. The items for the most part these days are "vintage" things that have been to more hamfests than I have or they are "Like New" and priced as new. Most "Homebrew" projects in magazines and books these days have little chance of success with the ol' junk box and requires a large part of it to be bought and often via mail. "What radio supply store?" When you do get to a hamfest the people are rude, bump into you, step on you, just same as many drivers on the road have aggressive attitudes. All the fun of the fest's has gone as well as a pleasurable drive getting there has gone. And the total cost of just going is 1/2 the cost of a new 2m rig. UGH!! Oh and don't forget other tech'y things like the cell phones that has displaced a lot of would be radio operators for maybe contacts with more secure and reliable contacts. 2m and 70cm not as impressive as it used to be. "What do you mean, point the antenna UP?" LOL ;-) My wireless home phone and my computer has more MHZ than my radio now. ;-( Maybe it's as well though. Having started in the TUBE days and seeing SMD parts now I can't find, or use if I could find them for projects... might be appropriate that we go out together in a few years. Sorry I missed the original post to this thread. Hope it didn't wander too far... Have rag chew paper too . LOL de K4TWO Gary OT -- emailto: "bobbbo" wrote in message groups.com... "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. |
buying stupid in the USA
dx(FMLAO)Ace 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. I have it on good authority that there is only ONE maroon in Holland MI. No sense in tarring decent people with the same brush. (Or doesn't your feeble brain remember how bad the -country- got hurt when the "dot com" bubble went bust????) Apples and Oranges... You go sleep on it, you might figure it all out by morning. dxAce Michigan USA We can't expect any better advice from someone who recommends that playing POKER is a good way to wealth. mike |
buying stupid in the USA
"Mr Fed UP" wrote in message ... My wireless home phone and my computer has more MHZ than my radio now. ;-( de K4TWO Gary OT Gary my boy, you just broke the DaVinci Code. :-) That statement alone noted above speaks sheer volumes for those educated and or intelligent enough to comprehend the implications of the same. Thanks for a most refreshing posting. |
buying stupid in the USA
ole droopy-drawers wrote:
"Mr Fed UP" wrote in message ... My wireless home phone and my computer has more MHZ than my radio now. ;-( de K4TWO Gary OT Gary my boy, you just broke the DaVinci Code. :-) That statement alone noted above speaks sheer volumes for those educated and or intelligent enough to comprehend the implications of the same. Thanks for a most refreshing posting. That has long been common knowledge to those of us who noticed the downhill slide of radio receiver quality when the Volume knobs became larger than the Tuning knobs. mike |
buying stupid in the USA
I wont buy a hamburger next month from that food trailer at
www.celticfestms.org The one I bought there last year gave me indigestion.That was buying stupid. cuhulin |
buying stupid in the USA
Why does that Hamfest always have to be in Dayton? Why can't they have
it in other parts of the country? Bring it to Jackson and I will go. cuhulin |
buying stupid in the USA
Dick Chisel wrote: mike maghakian wrote: over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. dxAce wrote: All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. 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????) dxAce wrote: Apples and Oranges... Well, there's -another- day you woke up stupid. As different as "apples and oranges"? I think not. "dot com" bubble = people paying waaay too much for stocks, then the bubble bursts, then the -entire country- was hurt. Per Mike's post... Real estate bubble = people paying too much for housing, the bubble is starting to bust and people throughout the country are starting to get hurt. A virtually identical analogy (like all bubbles), NOT "apples and oranges". You offering your opinion-- Worth: 2 cents You demonstrating once again why you so richly deserve your "dxAss" moniker-- Worth: Priceless! |
buying stupid in the USA
Dick Chisel wrote: Dick Chisel wrote: mike maghakian wrote: over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. dxAce wrote: All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. 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????) dxAce wrote: Apples and Oranges... Well, there's -another- day you woke up stupid. As different as "apples and oranges"? I think not. "dot com" bubble = people paying waaay too much for stocks, then the bubble bursts, then the -entire country- was hurt. Per Mike's post... Real estate bubble = people paying too much for housing, the bubble is starting to bust and people throughout the country are starting to get hurt. A virtually identical analogy (like all bubbles), NOT "apples and oranges". You offering your opinion-- Worth: 2 cents You demonstrating once again why you so richly deserve your "dxAss" moniker-- Worth: Priceless! Yeah, you demonstrating your lack of comprehension is indeed: Priceless! dxAce Michigan USA |
talking stupid in the USA
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buying stupid in the USA
Real estate bubble = people paying too much for housing, the bubble is starting to bust and people throughout the country are starting to get hurt. I grow my own food (no grocery shopping bills), tenured teacher (job for life), own a scooter, and have installed solar panels to hedge my energy costs. I also own a gun to shoot poachers wishing to steal my vegetables, and live in a shooter friendly state (i.e. I won't get arrested for killing you on my own property) How is someone like myself affected by the housing bubble, except that it provides me the ability to get RE on the cheap? Yours In Christ, John |
buying stupid in the USA
The Moving Wall www.themovingwall.org gets around,I have been to
it a few times.A couple of years ago,114th Aviation Company had a reunion at Fort Rucker,Alabama,I went there.I get to the most important events (important to me,anyway) if they aren't a blue million miles away. cuhulin |
buying stupid in the USA
"Dick Chisel" wrote in message et... 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????) The whole country got hurt? The dot com bust didn't effect me one bit. But I thought the topic was related to paying "too much", not selling. The people who were paying "too much" didn't know they paid too much until the after the bust. If the whole country gets hurt, how might we protect the innocent victims of these periodic busts? Perhaps punish those would sell "too cheap"? Frank Dresser |
buying stupid in the USA
www.devilfinder.com Mississippi's right to shoot first law
Scooter? I own a 1961 Hecules (made in Germany) Moped,I bought it for $350.00 about twenty three years ago from an elderly guy who bought two Mopeds for his grand daughters to ride.They didn't care that much for riding Mopeds,my Moped only has about nineteen miles on it. alt.scooter news group. cuhulin |
buying stupid in the USA
That is part of what the War on terrorism is about,America is not going
to wind up paying euros for oil.The U.S.housing market always has it's ups and downs.There is a building boom going on right now here in Jackson and the surounding suburb cities (Richland,Brandon,Pearl,Madison,Ridgeland,Byram,Fl owood etc) of Jackson.I hope Jackson never turns into one of those great big cities that are so full of crap and crazy people.One ''crazy'' (me) around here is enough. cuhulin |
buying stupid in the USA
wrote in message ups.com... The whole country got hurt? The dot com bust didn't effect me one bit. The housing bubble will behave similarity. Those who have saved and life an austere lifestyle will prosper most, as they will become the vultures in the pennies on the dollar housing market. Real estate is soooooo 2004.... [snip] Let's not forget that the housing price run up has been good to homeowners who bought years ago and choose to sell or refinance now and it's also been good for people in the building trades. I haven't given the subject of a housing market bubble much thought one way or the other. But I've seen the prices on various radios soar over the last few years, which seems odd given the way SW radio has declined. It's my suspicion that there's a bunch of older guys who are finally getting the radios they always wanted. They know that a few grand is alot of money, but that few grand now comes alot easier than a few hundred did back in the fifties. There's a bunch of radios which have sold for alot more than I would have paid. So what! To me, they're just radios. But to some buyer, they might be much more than just radios. Those radios might be a dream fufilled. How can any outsider call that buying stupid? I also wouldn't be suprised if there's some greedy investor types who are trying make alot of money. Who will be buying those radios in the future? The old guys will have the radios they want or they'll be gone and nearly all the kids will find radios totally uninteresting. And for the "investors" who have no interest in radio, buying stupid will be it's own punishment. Frank Dresser |
buying stupid in the USA
"Mr Fed UP" wrote in message
... My last time at Dayton a few years ago it was a costly one day ticket (my health not good either) and $8 to park in a handicap parking spot that might as well been down at the mall it was so far. I believe the admission prices at Dayton are largely driven by the "going rate" for the Hara Arena; renting large spaces like that is *quite* expensive. The prices are certainly not high compared to similarly sized non-amateur conventions I've attended. The handicapped parking largely seems to be an issue because *so many* people request it these days; it's impossible to have literally 300 handcapped parking spots *all* close to the door. I agree that you're probably better off parking in a handcapped spot at the mall and riding the shuttle bus. I believe that for hamfests to continue being successful, they're going to have to concentrate more on educational seminars, demonstrations, and events (transmitter hunts, contests, etc.) rather than just a swapmeet. I think it's a often sign of trouble when any organization seems to spend an inordinate amount of time worrying about their own numbers rather than just engaging in what it is that brought them together in the first place and letting the membership numbers drive themselves. Ham radio (or at least the ARRL) seem quite preoccupied with membership levels... My wireless home phone and my computer has more MHZ than my radio now. ;-( :-) Yeah, I know what you mean. To some degree FCC regulations have held back the development of amateur radio, but on the other hand the number of amateurs out there who could successfully *design* or even *assemble* something similar in complexity to a cell phone is miniscule. Maybe it's as well though. Having started in the TUBE days and seeing SMD parts now I can't find, or use if I could find them for projects... might be appropriate that we go out together in a few years. Parts availability today is, in many cases, far better than ever before. Mouser and DigiKey are real treasure troves of inexpensive RF parts, you know in the click of a mouse what the stock status is, and they deliver quickly. ---Joel Kostad |
buying stupid in the USA
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buying stupid in the USA
If a burglar broke into your house and was only interested in stealing
a can of carrots or some regular carrots out of your refridgerator,what would you do? One of my favorite foods is a bowl of boiled carrots. cuhulin |
buying stupid in the USA
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talking stupid in the USA
ok ok...
regards a href=www.gamestotal.comfree/a a href=http://unificationwars.freewebspace.com/free games/a a href=http://unificationwars.0catch.com/online games/a |
buying stupid in the USA
John S. wrote:
Dick Chisel wrote: mike maghakian wrote: over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. dxAce wrote: All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. 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. How do you figure the entire country will get hurt by real estate prices slowing down. First, I sincerely hope it just "slows down", not collapses. Next, it's intuitively obvious and I shouldn't have to explain to you why a bust is a bad thing for the economy...but on a very simplistic basis, try this on for size: People buy a large house, too big for their needs (stupidity, greed or both), the bottom falls out of the real estate market, the bank repossesses, the stupid/greedy original buyers now homeless, have to go on welfare, thus driving up taxes for the rest of us. Just one of hundreds or thousands of possible scenarios why a bubble bursting is bad for the country in general. Another fairly obvious scenario is that there will be a -lot- of repossessed houses on the market, causing the real estate market to stagnate, with related ripple effects (and yes, a -few- will profit from the misfortune and/or stupidity of others). Unfortunately though, the major portion of the people in this country are in debt up to their eyeballs, have a zero % or negative rate of savings and a major bubble going bust could push everything over the edge. 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. Those who tired of reading stories about double digit price increases in real estate and jumped in. Unfortunately those junior speculators may get their hands burned if they are over extended and have to sell. And some of the lenders who financed such buying excess may have to pop the property and be burned on the sale. Most of us who sat on the sidelines won't be hurt. True, but still very short-sighted of you; see above. Also true that "most of you" who are savers won't be hurt. Unfortunately, the "most of you" that are savers with minimal or no debt are a very, very small minority. Again, a large portion of this country is in debt up to their eyeballs and beyond. And some of us who are interested in buying may find some real opportnities. Absolutely true. If you get the chance please look up a book written in 1848 by Charles MacKay. It's been reprinted and quoted numerous times. "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" details the many speculative manias that occured over the centuries prior to 1848 including the well known dutch tulip craze. Forgive me if I don't look it up but I have read in other places of the Tulip craze, the "South Seas" bubble, etc. The tendency of the people to follow the crowd continues to this day. Must be why, even today, they are known as "sheeple". ..even maroons in Holland Michigan. How about the oranges, blues, greens, violets, purples, browns, greys, pinks, reds. (Hint...use the dictionary). Hint... please try not to be so cryptic. "Maroon" was a word play on "moron", not talking about the tulips in Holland nor referring to the "Tulip craze". (Or doesn't your feeble brain remember how bad the -country- got hurt when the "dot com" bubble went bust????) Well, tell us exactly how badly the entire country got hurt by the dot com speculative mania. Please be precise. Please do your own research. It has been well written up in ALL the media. BY DEFINITION, when a bubble bursts, it is bad for the economy and therefore bad for a large portion of the populace, especially a populace like ours that is so very deeply in debt. The real issue here is why you think a bubble bursting wouldn't hurt the country. |
buying stupid in the USA
In article
, "Frank Dresser" wrote: "Dick Chisel" wrote in message et... 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????) The whole country got hurt? The dot com bust didn't effect me one bit. Snip I wish I could say the same. Screwed up my work life. -- Telamon Ventura, California |
buying stupid in the USA
Slow Code wrote:
Do you lick BlueBerry doggies ear before you go to the bathroom? Ear? No. mike |
buying stupid in the USA
www.devilfinder.com Steorn
The dot com busted for them.So now they have come up with a slick marketing ploy. cuhulin |
buying stupid in the USA
I wish I could say the same. Screwed up my work life. That's what you get for working in lala land (i.e. dot com land). While you were out investing in .com stock and investing your career in them, I worked defense, bought real estate, and pursued my Ph. D. Suffice to say, I likely won't have to worry about work for the rest of my life. I'm sure 1999 was really good to you though. Yours In Chirst, John |
buying stupid in the USA
Please tell us where you teach; I'm sure the parents of the students would be interested to know that their child's teacher would kill somebody for taking a carrot. Considering that the kids love my teaching style, I doubt it will make a difference. You can only hope it'll appease your commie PC ACLU types to try to get my fired. Good luck in that. Yup, true-- people have always been able to make money off of the misfortune or stupidity of others. Here here. Seeing as -you- brought it up, what do you think Christ would say about you shooting and/or killing someone over a few lousy vegetables and who was only trying to feed his starving family? Hmmmm? Jesus would say that I'm in the right, BIG TIME. Jesus would say thank you for doing my part to prevent our world from turning into a communist **** land. P.S. Ya gotta be kidding, right? Ya really wouldn't kill somebody for taking a carrot? That really doesn't sound very "Christian" of you. The point is, there will be a LOT of starving people after RE bubble burs,t peak oil, etc taking hold. I will regrettably have to kill many. But, there's plenty of ammunition. God will grant me the speed and accuracy to slay thieving lowlifes. I have faith in this. Care to armchair quarterback some more? Yours In Christ, John |
talking stupid in the USA
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buying stupid in the USA
Dick Chisel wrote: John S. wrote: Dick Chisel wrote: mike maghakian wrote: over the last few years I have been saying how stupid people have been for paying crazy prices for homes. I said they would be sorry in the end and it is starting to happen: this is from an MSN article on home sales: I recently sold a house in Rochester Hills," Waquad says. "It was purchased a year ago by the seller for $615,000 -- a newer house. He changed all the appliances, the carpets and painted. He never lived in it. He must have spent at least $20,000 to $30,000 fixing it. We got it for a buyer for $440,000." the point is that there are consequences to being a stupid buyer. I am just trying to get people to think before they throw away money. dxAce wrote: All well and good, but it is THEIR money. Not MY money, not YOUR money, but THEIR money. 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. How do you figure the entire country will get hurt by real estate prices slowing down. First, I sincerely hope it just "slows down", not collapses. What exactly is a collapse. Next, it's intuitively obvious and I shouldn't have to explain to you why a bust is a bad thing for the economy...but on a very simplistic basis, try this on for size: People buy a large house, too big for their needs (stupidity, greed or both), the bottom falls out of the real estate market, the bank repossesses, the stupid/greedy original buyers now homeless, have to go on welfare, thus driving up taxes for the rest of us. Just one of hundreds or thousands of possible scenarios why a bubble bursting is bad for the country in general. 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. Another fairly obvious scenario is that there will be a -lot- of repossessed houses on the market, causing the real estate market to stagnate, with related ripple effects (and yes, a -few- will profit from the misfortune and/or stupidity of others). To the extent that those who bought with the intent of flippping, yes there will be some losses taken by purchasers as well as lenders who have to pop the house. But even if I bought the house 6 months before the downturn if my intent is to use it as a home then I suffer no loss and the lender gets his money every month. Many more of the purchases are for occupancy, not flipping. Unfortunately though, the major portion of the people in this country are in debt up to their eyeballs, have a zero % or negative rate of savings and a major bubble going bust could push everything over the edge. What is your source for this information. I've been in banking for the past 30 years and cannot find a citation that says "a major portion" presumably at least 50% of homwowners have those kinds of financial problems. Please give us a specific citation. 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. 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. Those who tired of reading stories about double digit price increases in real estate and jumped in. Unfortunately those junior speculators may get their hands burned if they are over extended and have to sell. And some of the lenders who financed such buying excess may have to pop the property and be burned on the sale. Most of us who sat on the sidelines won't be hurt. True, but still very short-sighted of you; see above. Also true that "most of you" who are savers won't be hurt. Unfortunately, the "most of you" that are savers with minimal or no debt are a very, very small minority. Again, a large portion of this country is in debt up to their eyeballs and beyond. Again, where is your citation that a large proportion, presumably a number well above 50% of the residents of this country are in debt to unmannageable proportions. Please provide a specific citation. I'm interested because I've been in banking for over 30 years. And some of us who are interested in buying may find some real opportnities. Absolutely true. If you get the chance please look up a book written in 1848 by Charles MacKay. It's been reprinted and quoted numerous times. "Memoirs of Extraordinary Popular Delusions and the Madness of Crowds" details the many speculative manias that occured over the centuries prior to 1848 including the well known dutch tulip craze. Forgive me if I don't look it up but I have read in other places of the Tulip craze, the "South Seas" bubble, etc. You are missing the point - speculative manias have happened and will continue to happen. They happened with real estate over and over and over. Go back 30 years to the crunch in the 1970's, move forward to the 1980's, etc. None of those speculative runups are new and in each and every instance the most of the country survived just fine. It is instructive in MacKay's book that in each and every of the speculative manias documented over the centuries those who were greedy late in the cycle usually got burned the worst. As it will happen with this real estate cycle. The tendency of the people to follow the crowd continues to this day. Must be why, even today, they are known as "sheeple". ..even maroons in Holland Michigan. How about the oranges, blues, greens, violets, purples, browns, greys, pinks, reds. (Hint...use the dictionary). Hint... please try not to be so cryptic. "Maroon" was a word play on "moron", not talking about the tulips in Holland nor referring to the "Tulip craze". Nothing cryptic about your apparent misunderstanding of how maroon and moron differ. (Or doesn't your feeble brain remember how bad the -country- got hurt when the "dot com" bubble went bust????) Well, tell us exactly how badly the entire country got hurt by the dot com speculative mania. Please be precise. Please do your own research. It has been well written up in ALL the media. I lived first hand through the dot com experience. Both in banking and as participant in the dot com business. Please provide a specific citation that shows the "entire country" and not just a small portion of it was hurt by the dot com bubble bursting. You appear to be good a creating sensational statements, but back away quickly when asked to provide any substantiation for them. WHERE did you get this nonsense. BY DEFINITION, when a bubble bursts, it is bad for the economy and therefore bad for a large portion of the populace, especially a populace like ours that is so very deeply in debt. The real issue here is why you think a bubble bursting wouldn't hurt the country. |
talking stupid in the USA
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buying stupid in the USA
y'all know what some of those folks say,,, buy gold! by food stuffs you
can store for years and years,buy water purifiers,buy this,buy that,buy Guns and ammo,head for the hills! cuhulin |
buying stupid in the USA
If you do buy gold! be sure people dont find out about it.
cuhulin |
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