Kittie has a green surprise for you!
15 Kittie Ln, Belmont, CA 94002 MLS# 40357601 - Property Details
$968,000* Status: Active
* Bedroom: 4
* Bathroom: 3
* Year Built: 1959
* Lot Size: 9000
* Square Footage: 1900
* List Date: 7/22/2008
* Garage Spaces: 2
Great home on tree lined street featuring 4 bedrooms 3 baths hardwood floors fdr two fireplaces two car garage pool and great master suite
Here’s what Burbed reader Sam had to say:
Nothing like an algae filled pool to dress up a house. What it’s an REO? You’re kidding!
Au contraire! This green pool is actually just an example of the amazing plethora of green collar jobs that
are fast flooding the Bay Area. By harvesting the algae, you’ll be able to power your home greenly and reduce your dependence on foreign oil. Woot!
Not only is there instant equity here, there’s also passive income!
My personal bet: this will clear $1.5 million. Thoughts?
July 29th, 2008 at 7:33 am
WG,
M3 destruction means deflation, i.e. asset prices reduce (because there is less money chasing the same assets). Real estate is a good hedge against inflation. It’s a bad investment during deflation because demand for owning it drops dramatically as people spend on inferior goods instead (meant in the formal economic sense).
July 29th, 2008 at 7:41 am
Maybe it’s that algae that poops out diesel fuel! I hear there’s a startup in the area developing it.
This would be a good time for the realtor to break out the PhotoShop skills and turn that pool blue!
July 29th, 2008 at 7:50 am
Whoa, this was purchased for $1.2M in October 2006. Taken back by the bank for $772k - do you suppose there was a second loan that was forgiven too? Otherwise, the owners lost a boatload of equity. Way more than just plasma TVs.
http://www.redfin.com/CA/BELMONT/15-Kittie-Ln-94002/home/1461339/ebrd-40357601
July 29th, 2008 at 8:52 am
somebody should call Santa Clara county vector control (thats what they call the county exterminator for some reason)- because they have this huge initiative trying to eliminate standing water to fend off west nile virus. I heard they even will institute a fine. This looks like a west nile mosquito ‘hood if I ever saw one.
July 29th, 2008 at 8:52 am
Perhaps it isn’t Algae at all, but rather nuclear waste. Perhaps one advantage of this house could be the potential for the new ‘lucky’ homeowners to convert it into electricity to power their homes, effectively severing ties to “the system”. Stick it to da man!
July 29th, 2008 at 8:55 am
nomadic, the thing I question is why doesn’t the bank offer this at $775K or what they bought it back for. All the banks are trying to get top dollar (relatively speaking) for these places and most of them aren’t even worth what the buyback cost was and this doesn’t seem like any exception. The foreclosure I bought was priced at 180K LESS than what they bought it back for, which was appropriate because the place was a pig pen. This looks like there is some major cleanup work required also (although not as bad as mine). As soon as these banks bite the bullet and dump this stuff then the market will stabilize. They are pricing this basically 10% below peak pricing - WHOOPEE- even though there is likely 50K in repairs necessary.
July 29th, 2008 at 9:27 am
This place is not too far from where I live so it might be worth 900k+. I wonder sometimes about houses around here, in many cases 1.1M+ will get you really nice views, the rest of the houses don’t seem all that great to me, even the 1994 1.1M or so house down the street.
One thing I don’t like about the house is the back yard layout, the pool seems to close to the house and I don’t like the stairs there, I can’t come up with a nice design to redo that, short of doing major pool work.
July 29th, 2008 at 9:33 am
too bad I am still in NJ or I would not only turn that pool blue in Photoshop, I’d add the Loch Ness monster to it as well.
The picture of the shower door was so arty, they
had to feature it twice.
You know, for a 9000 sf lot, there doesn’t seem to
be a lot of yard anywhere.
My last pitcher of 64oz of stupid, I return tonight, assuming my flight isn’t canceled like they did yesterday.
July 29th, 2008 at 9:34 am
WG - it’s priced 20% below what the last buyers paid for it. (I use the word “paid” very loosely here.)
July 29th, 2008 at 9:43 am
Case Shiller report is out:
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/0,0,0,0,0,0,0,0,0,1,1,0,0,0,0,0.html
Still declining, but not by as much…
July 29th, 2008 at 9:51 am
Brian,
Things are flattening out nationally, even rising a bit in certain places.
July 29th, 2008 at 10:04 am
“Things are flattening out nationally, even rising a bit in certain places.”
Or not…
From Calculatedrisk –
The second graph shows the annualized month-to-month price declines for Los Angeles in the early ’90s.
This shows that price declines tend to come in surges and we shouldn’t read too much into the slowing monthly rate of decline.
In general prices are still too way too high, and will continue to fall for some time.
July 29th, 2008 at 10:06 am
The pool is green, the ground is white concrete…what is this, Bizarro World?
July 29th, 2008 at 10:40 am
OMG, Belmont is doomed. This place would go for 900k in Cupertino with a collapsing structure and 900 sqf. I am surprised that the inside is not stripped bare by the angry FB. It is too good to be true that I am very suspicious, there must be an “aha” moment waiting to happen.
Why the FB build such a ugly deck to go with the pool (even though there ain’t much space left)?
July 29th, 2008 at 2:20 pm
Speaking of bad photos, I discovered this blog today:
http://reagentinct.com/category/bad-mls-photo-of-the-day/
July 29th, 2008 at 3:09 pm
Things are flattening out nationally, even rising a bit in certain places.
And that folks, is why I know we are not at the bottom.
July 29th, 2008 at 3:28 pm
Those bad photos are hilarious! Reminds me of a short sale up in San Carlos. It was listed on Zillow and Redfin with photos. The garage was open. (Remember, this was a SHORT sale…) And inside the garage? A Porsche and a LandRover. I am not making this up. It was about two months ago.
Hmmm, wonder why the FB got in over his/her head?
July 29th, 2008 at 9:18 pm
If you look at the listing, the rest of the house looks ok. Hardwoods, newer kitchen, doesnt look run down.
968K seems right, not if its rightthatbank got it back for only 770K, one could sell this house in a week if it was listed at 850K, so why let the bank take it back for a 770K note?
On a side note, I agree the pool is poorly situated and frankly rather useless in windy, chilly Belmont. How much to fill in a pool.
July 29th, 2008 at 9:20 pm
“not sure if its right that the bank got it back for 770K” - is what I meant to write above
July 29th, 2008 at 9:24 pm
I seem to recall Belmont house was listed earlier this year and was stuck as pending for a long time. Then it went back to active and there was a mention of an erosion problem in the listing. Not anymore, obviously.
Does anyone remember, is this the same house?
July 29th, 2008 at 9:28 pm
I can only imagine the comments if the water in the pool had been, say, red. Or worse… Orange? Brown? Ugh.
Also, a reminder to all that tourists from around the world flock to Palawan island (Philippines) and its gorgeous green waters. Instant equity! Buy this house now and you can scuba-dive in your backyard.
July 29th, 2008 at 9:56 pm
WG, you are right about the need for banks to “dump this stuff”, but you are wrong in believing that will stabilize the market because there are more foreclosures on the way. The farther prices drop, the more properties foreclose and the more properties foreclose, the farther prices drop. That’s why depreciation is increasing. If you had to price it at $595K to get my attention this year, you’ll have to price it at $445K to get my attention in the new $595K market. It’s worth noting that during the boom, even borrowers with good incomes and good credit chose neg-am or interest only loans because they were available with attractive terms. Those owners with no skin in the game have an incentive to walk away from negativity equity and buy a cheaper home, so one foreclosure gets purchased, but at the same time another foreclosure gets created. The economy has “made a sale”, yet it is no better off.
Now that the spring bounce is receding, I expect industry optimism will be in short supply. Bad news as interest rates will have to be hiked again, too.
July 30th, 2008 at 12:10 am
How does someone walk away from negative equity and get a new mortgage? Surely if a credit report is checked when someone wants another mortgage, the first one will show up, and what bank in its right mind would allow someone to have two mortgages, especially with negative equity in the first? Why in the world would a bank do this? Am I missing something here? Or is this just Fantasyland, where NOBODY learns a lesson?
July 30th, 2008 at 12:31 am
Buy the second before the default is recorded on the first. As far as no one learning a lesson, based on recent accounts of apparently fraudulent activity, it’s possible no one learned a lesson.
July 30th, 2008 at 12:34 am
buckborden - what lesson exactly? If the bank underwriting the mortgage resells it right away, they still make their quick profit with virtually no risk to bear. Only regulation can address that. Has this happened yet?
July 30th, 2008 at 1:18 am
test
July 30th, 2008 at 1:28 am
Not sure why I can’t post in the America Ave. thread, but this one is in response to Steve’s definition of the RBA in that thread:
Steve,
My definition of RBA would be broader, to include basically places where a professional person would like to live, not necessarily just the elite places in your list. Examples would include Sunnyvale CUSD, Foster City, Redwood Shores, Cupertino (obviously), and parts of Santa Clara. These are the type of places a person with a college degree in engineering/computer science working for a tech company would choose to live. People with this type of profile is common in the BA, and they have similar needs and aspirations. This type of person wouldn’t consider a blue collar neighborhood with trucks parked all around, apartments nearby, and yards not maintained. Given that RBA is in short supply, this is why there’s a split market.
The difference of opinions in this forum could be simply due to perceptions of people living in different parts of the BA. To someone living in the “dark side” of the Bay, RE is indeed falling apart. To someone living in the RBA, life goes on.
July 30th, 2008 at 1:47 am
One thing I’ve discovered by participating in discussions here is that there are a lot of people out there unhappy with their housing situation, and display quite a bit of jealousy to the extent where some would bother to create a bubble site (which this site is not, in my opinion).
In browsing a Porsche forum, I saw some interesting chats on this subject. Some sample excerpts:
******************************
1. Over the past few years I’ve been driving around in my modified Cadillac CTS-V. The thing was loud and I drove quite aggressively quite often. I got compliments on the car all the time from people both young and old. I never got anyone telling me I was a jerk or a prick or an a-hole. Now, I’ve had the Porsche for about six weeks now and I’ve had three people do some rude crap to me.
2. I’m 30 and I work my ass off for what I have so if anyone has something to say, it’s just because they are probably pissed bc I have something they won’t and they are almost 50.
3. I think a lot of people are just frustrated. With their life/jobs/situation you name it, so they take it out on someone/something.
4. It’s all jealousy my friend. I’m young too and drive a 997tt (which I am very thankful for); I do not drive like a cock whatsoever and when I do I KNOW I am…People still yell stuff, give you dirty looks, and do all this stuff.
5. I just turn 30 myself last month and I know what you’re going through. I’ve had a lot of haters out there really judging me by the cover. Some people say I had rich parents (I actually don’t, I”m adopted, and my adopted parents, I barely know them either), inheritance (I wish sometimes), or some people just are D*CKS in general. I worked hard for every penny I’ve earned.
6. Funny you should post this - just yesterday my wife was singled out for a ticket when she was in the middle of a pack of cars.
7. I have always had issues with someone trying to race me no matter what model I am driving. The turbo’s get more of this than any model. For some reason people use turbo Porsche’s as a benchmark for speed and when they pass you at 90 in the right lane they think they are winning a race. If they really knew what would happen if you pushed it to the floor up through the gears they would realize they don’t have a chance most of the time.
8. I don’t know what it is.., but everyone around here seems moody lately. Could be that some of their local Starbucks are shutting down, not enough caffeine in the morning!
July 30th, 2008 at 1:51 am
Case Shiller shows that these cities are up for May 08
Dallas, Portland, New York, Minneapolis, Charlotte, Boston, Atlanta, Denver
Chicago, Cleveland and Seattle were all up last month, but down this month.
A lot of states aren’t being killed by the housing crisis like AZ, CA, NV, FL is. The warm weather cities where prices have declined the most are still falling.
AZ - Phoenix is down 31% from their peak
CA - LA -28%, SD -29%, SF -25%
FL - Miami - -31%, Tampa -26%
NV - Las Vegas - -31%
The cities that are rising this month or last month, are ones that haven’t been hit as hard overall.
Charlotte is only down 2% from it’s peak. Dallas -4%, Portland -6%, Seattle -7%, Denver -8%, Atlanta -9%, NYC - 10%, Chicago -11%, Cleveland -12%, Boston -12%, Minneapolis -18%.
July 30th, 2008 at 1:53 am
Two years ago, foreclosures were a Sacramento and Central Valley problem that the entire bay area didn’t need to care about. Last year, foreclosures were a California problem that the rest of the country didn’t need to care about. Last year, Cupertino had less than 30 days of unsold inventory. This year, that number has more than doubled.
Two patterns have emerged. First, we see a return to the traditional emphasis on location, location, location, which started even before gas prices topped $4 per gallon. Second, we see denial everywhere that “it can’t happen here.” The RBA is desirable, but many of the folks living there are still subject to the same economy as the rest of us.
July 30th, 2008 at 2:06 am
Real Estater, accusing people of jealousy on the internet is somewhere between spelling flames and “you need to get laid” on the spectrum of pathetic internet trolling. Can you stick to the facts without resorting to phony psychoanalysis? I’m not accusing you of being a Realtor or unduly touting for the real estate market here. Regardless of your viewpoint, the constant “jealousy” trolling is lame.
July 30th, 2008 at 7:48 am
Brian,
A good explanation as to why some cities are either flattening or even gaining is because 50% of the cities you mentioned above were either never bubble cities to start with, or they only got a little nip of it. Others have healthy growth patterns such as Charlotte and Atlanta, which are increasingly popular with retirees and young professionals. The fact that I can thumb through any number of RE ads for Atlanta, Charlotte, and Dallas and take my pick from the thousands of 150k and under homes shows that indeed- you don’t have to kill yourself financially in order to get into a home in many parts of the country. The Bay Area and other cities violated the laws of economics severely and over a prolonged period. Those areas still have a long way to fall before any kind of normal market activity is going to happen.
RE, I’ve never been jealous of people who spend lots of money on automobiles. Perhaps some people are. But personally, when I see someone driving a $50,000-$70,000 car, I can’t help but feel that they’re simply a person who wasted an awful lot of money on a rapidly depreciating asset. While this was never my intent, I myself get way more attention in my “special” car- a 1956 Ford Fairlane four door that I bought for $1,500 years ago than someone driving a top-of-the-line Bimmer with all the trimmings. I get loads of thumbs-up, waving, and friendly gestures, comments, and smiles from many people. The reason is because its over 50 years old, very uncommon and hence a rare site on the street, and sculpted with chrome.
People waste an awful lot of money on cars. They say that the avg person keeps a car for 5 years these days. Even if you bought a standard 30k car ever 5 years, that means you’d spend over $240,000 on cars during your career. A good quality car will easily last at least 20 years and 250,000 miles.
July 30th, 2008 at 8:51 am
I too am insanely jealous of RealEstater. BUT, my motto is “if you can’t beat them, join them!” so, here I am putting all my eggs in one basket, and its a make it or break it situation! I also want a house in the RBA, the big plasma screen, the trophy wife, and the porsche in the gargage.
July 30th, 2008 at 9:02 am
LOL!I nearly spit coffee all over the keyboard.
July 30th, 2008 at 9:11 am
You are correct Frank, that two years ago people were saying it can’t happen to the RBA, and now it has. But at some point you have to admit that this is it and there is no bogeyman around the corner. It looks to me like we are past the huge surge of foreclosures- the peak was spring sometime. Part of the reason is because banks finally got serious in the cheap areas and cut prices to the $300Ks, which is where East San Jose was priced in 98 or something, these prices brought in the buyers. Literally every low end house I have looked at (without foundation damage) has multiple offers *over* ask now. This was not the case in April, back then, it didn’t matter where you priced things they were not selling. Additionally, rents are going through the roof, so people in homes now, that are *thinking* about defaulting, are going to have to think really hard about what their options are going forward. Plus with banks finally willing to renegotiate, it could be that the “giant wave” of 2009 foreclosures never materializes.
In 97/98 rents went up because silicon valley was hiring engineers like crazy. Then many of those jobs went to india, and now they are coming back. Theres your catalyst.
July 30th, 2008 at 9:40 am
RE: “One thing I’ve discovered by participating in discussions here is that there are a lot of people out there unhappy with their housing situation, and display quite a bit of jealousy…”
Well, you see, what’s happened is that a lot of people set up their financial strategy as “wait for the crash to happen and then buy a house cheap”.
So they’ve spent the last six or seven years in tiny, crappy apartments, not really saving all that much money, and now that a crash isn’t going to happen they are VERY VERY UPSET.
July 30th, 2008 at 9:58 am
It looks to me like we are past the huge surge of foreclosures- the peak was spring sometime. Part of the reason is because banks finally got serious in the cheap areas and cut prices to the $300Ks…
WG, stop and think about the statement above for a minute. We’re seeing fewer foreclosures because prices are falling? I’m not trying to put words into your mouth, but that’s what I see you saying.
Falling prices increase foreclosures because they push owners into negative equity positions.
See if prices were rising 10% or more, like they did during the boom years, we would see fewer foreclosures because distressed owners could afford to sell while others would have a great incentive to hang on to a lucrative investment.
How much have rents gone up? “Through the roof” is not a statistic, it’s hype. What is the current ratio of ownership cost to rental cost, i.e. the premium on home ownership over renting? Serious investors study numbers instead of repeating industry cheers.
I’ve been providing most of the data. Time for you to do some research. You might be surprised, but as an active investor you really should know the numbers.
July 30th, 2008 at 10:02 am
Duck, renters are able to afford much more square footage than owners, given the enormous premium on home ownership in recent years in the RBA. One can rent a spacious single family home for less than the mortgage payment on a condo.
July 30th, 2008 at 10:36 am
Bob says,
>>While this was never my intent, I myself get way more attention in my “special” car- a 1956 Ford Fairlane four door that I bought for $1,500 years ago than someone driving a top-of-the-line Bimmer with all the trimmings.
Once again, driving an old car like that is very bad for the environment. It does not have any smog equipment on it, and spews out at least 10x more emissions than a new car. Your attention is gained at the expense of others.
July 30th, 2008 at 10:58 am
RE,
So your only recourse to my statement is that my car is bad for the environment? Lame. Remind me to drive it frequently in your neighborhood, full-throttle.
WG, even if foreclosures have peaked, that isn’t an indication that the market is ripe to immediately turn around and head back skyward. As you might recall from the graphs I linked to last week, every single housing bust had a similar pattern: An initially violent correction with rapid price declines followed by a protracted period of slower price declines and then flat growth. As you might recall, the last bust lasted for 7 years.
The difference this time is that for one, the number of foreclosures was enormous compared to the last boom. Additionally, with all of the creative financing options that inflated it more, there’s a real possibility that this retraction could last longer. We’ve already beat last down cycles decline in a year.
July 30th, 2008 at 10:59 am
Frank: Yeah, if you cherry-pick a new-built condo in the San Jose city center, and compare it to a forty-year-old bungalow in Evergreen, you can indeed get more for your money renting a house versus owning a condo.
July 30th, 2008 at 11:21 am
“Once again, driving an old car like that is very bad for the environment. It does not have any smog equipment on it, and spews out at least 10x more emissions than a new car. Your attention is gained at the expense of others.”
Once again, RE, I’d like to remind you that by by spewing garbage that it is a good time to buy in the RBA, you are damaging the housing market and contributing to the overall decline of the economy.
By continually encouraging others to buy, you are helping to artificially inflate housing prices, pricing out lower income people. Your continual assertion that Real Estate is always a good investment is driven by your own self interest. If even one person believes the garbage you spew it creates more interest in RBA properties thus driving up the cost of the properties that you own.
Your profit is gained at the expense of others. Don’t come here with a self-righteous attitude because you aren’t any better than the people here you put down.
July 30th, 2008 at 11:26 am
Duck, I get more space renting vs owning right here in Willow Glen. No cherry picking required. I’ve got 3/2 for less than $2K per month walking distance from an elementary school with an 880 score. When I shop and compare, it’s around the same school.
July 30th, 2008 at 11:34 am
Bob says,
>>So your only recourse to my statement is that my car is bad for the environment? Lame.
It’s a continuing theme with you: Irresponsible lifestyle without regard to the environment.
July 30th, 2008 at 11:35 am
Frank,
Look at my avatar. You are giving away a flat screen TV every month with your rent money.
July 30th, 2008 at 12:28 pm
RE,
Did you know that every Volcanic eruption in nature creates more pollution than 200 years of man made pollution? Also- just how much pollution do you think those 1,500 all-mother nature made forest fires in California produce? Just something to think about…
July 30th, 2008 at 12:53 pm
I also want a house in the RBA, the big plasma screen, the trophy wife, and the porsche in the gargage.
——
I also want the same. In addition, the only reason I want to work 9-5 and have hectic business travels: to earn frequent flyer miles.
July 30th, 2008 at 12:55 pm
So they’ve spent the last six or seven years in tiny, crappy apartments,
——-
Are you talking about SF downtown or Manhattan?
July 30th, 2008 at 12:58 pm
Well, you see, what’s happened is that a lot of people set up their financial strategy as “wait for the crash to happen and then buy a house cheap”.
DensityDuck, you are so right. The problem with most of the bay area real estate naysayers that I see, is that their true motivation is that they want to BUY! Now there is a catalyst for a real estate crash, where all the bears want to buy. Hahaha.
July 30th, 2008 at 1:03 pm
Frank Jewitt, you may have a sweet deal on renting in WG, maybe you are a long time resident or whatever but the fact is, rents are way beyond that now for some new resident. Just looking at craigslist, TODAY, 3+ br (to weed out the apts, although some homes have 2 br I know)- there is ONE house I see under $2K on the list of properties - something on Willowbrae. Other than that, no other houses under $2K, even something on CURTNER and MERIDIAN (wow talk about road noise) is $2150. Most of the good houses seem to start at $2600 and there are plenty above $3K.
I used to think you could get a rental under $2K also, until I started researching it recently. Rents are going up fairly dramatically at least around here.
July 30th, 2008 at 1:33 pm
I have a suspicion Pralay is secretly a fan. He follows me around everywhere, can quote me in an instant, and keeps links to all of my posts…oh wait, that’s a stalker!
July 30th, 2008 at 1:36 pm
>>The problem with most of the bay area real estate naysayers that I see, is that their true motivation is that they want to BUY! Now there is a catalyst for a real estate crash, where all the bears want to buy.
That’s absolutely true. If you plan to rent into eternity, why would you care what the home price is? Except of course, for the envy part if your friend has a million dollars in home equity.
July 30th, 2008 at 1:54 pm
I’ll tell you why, RE: When countless people adopt the attitude that you have it becomes reality (at least for a short time) no matter how preposterous it is.
Your presence on this board is nothing but a ploy to perpetuate the lie because you know that the more interest in real estate people have, the better it is for you. And, sadly, you’re right.
Unfortunately, perpetuation of this lie is not healthy for the economy, it is not sustainable and it degrades the quality of life for everyone involved.
July 30th, 2008 at 2:09 pm
If you plan to rent into eternity, why would you care what the home price is?
——
Does anybody claiming here that the renters “plan” to rent for eternity? RealEstater, again and again you make these straw man arguments.
July 30th, 2008 at 2:15 pm
I have a suspicion Pralay is secretly a fan. He follows me around everywhere, can quote me in an instant, and keeps links to all of my posts…oh wait, that’s a stalker!
——-
Oh, yes. Don’t you know about Google which can search anything “in an instant”? Are you embarrassed that thing coming out “in an instant” which show your contradictory statements. Needless to say that it does not take much to find contradictions in your posts either. You are a garbage spewer but a very bad one, who contradicts too often.
July 30th, 2008 at 2:25 pm
DensityDuck, you are so right. The problem with most of the bay area real estate naysayers that I see, is that their true motivation is that they want to BUY!
I actually agree with you for once on this one point. But its important to point out that the primary difference between those who bought during the boom and many who didn’t had to do with either conservative or liberal financial habits. I’d say that those who bought during the boom were either reckless over-exuberant risk takers, or in the rare case-simply loaded.As we see now, many are paying for it. Many who didn’t buy actually had the means to do so, but stayed out because they were more financially conservative.
One thing is certain, and that is that neither side is correct if they go to an extreme. The naysayers will probably never see prices go back to 1997 prices. But those who are all for RE won’t be seeing a return to anything close to the market that created the last bubble or a return to the dramatic appreciation, at least not anytime soon. The answer is likely in the middle.I doubt it’ll ever be cheap here. The place is overcrowded and the infrastructure is outdated. But I think there will be at least some level of sanity returning, where if you make a decent salary, you’ll probably be good to go-so long as you’re willing to perhaps put off retirement or vacations for a few more decades in order to pay for the house.
The primary reason I want to see the crash happen hard-core is because the exact same self-righteous attitude that permeates the entire BA also tends to exist in countless homeowners here, who persistently make such a pedestrian object such as a home seem so overly special and precious.Secondly, I can’t stand how dramatic, hand-wringing people who go into automatic mode when it comes to houses: They have to buy because they have a baby, or perhaps they just got married… so they HAVE to buy, or because they’re “sick of renting” or some other lame excuse that ultimately makes them make stupid financial decisions that makes their lives even worse than before by turning them into debt-office monkeys.So totally unnecessary. I personally get a kick out of reading story after story of the continuing crash and the now somber conversations I hear from people around here. I’m glad I got to be here to see it unfold. How rich!
July 30th, 2008 at 2:48 pm
bob - “I can’t stand how dramatic, hand-wringing people who go into automatic mode”, “I personally get a kick out of reading story after story”
We got someone here who revels in the misery of others, out of spite. You know bob most people would feel sorry for others’ shortcomings. Your attitude is as far from inciting redemption as can be. I imagine you a sad little dwarf snickering underneath a pole while the bodies fall off the skycrapers. “They deserved it, he said. That’ll teach them. And I’m getting a kick out of it, and love every minute of it. After all these years posting my spite on burbed, I am Vindicated and these no-good gambler are indiscriminately going to Hell!”
July 30th, 2008 at 3:37 pm
Eep, while I was on a plane you guys are all going nutz. Also someone brought up Case-Schiller but then you started on your usual topics again, give it a rest, all of you!
July 30th, 2008 at 3:44 pm
>>Unfortunately, perpetuation of this lie is not healthy for the economy, it is not sustainable and it degrades the quality of life for everyone involved.
Give me a break. It’s the U.S. government that is trying to prop up the housing market by injecting billions of dollars. By your logic, all they have to do is to come to Burbed for a chat! LOL
July 30th, 2008 at 4:58 pm
bob, if you hate homes and the people who live in them, and won’t ever buy a home at any price, then WHAT THE FUCK ARE YOU DOING HERE?
July 30th, 2008 at 8:21 pm
DensityDuck, I often wonder the same thing about many people here. I visit this website mostly for fun, not to promote any point of view or agenda, but some people here take it way too seriously in my opinion. Well, I can’t complain, I enjoy reading the comments
July 30th, 2008 at 8:25 pm
> http://reagentinct.com/category/bad-mls-photo-of-the-day/
This is hilarious. Burbed, can you acquire this website? Make a stock swap, ask Carl to help, I don’t know, but do it before you get Yanged.