October 21, 2010

B of A Lost $7.7 Billion and All I Got Was This Stupid Photo

image

Update: Please vote for your favorite caption in comments.  We’ll announce a winner on Monday.

We’ll return to our regular programming of insanely priced houses, terrible listing copy, ugly home photography, and endless lists of zip codes tomorrow.  Today, we’re going to take a little break.

burbed reader Herve sent in the photo at right. It accompanied a Yahoo Finance story about Bank of America having a $7.7 billion dollar loss, due to some “special charge” they made concerning debit and credit card reform rules changes.  Yes, it can be Special in the banking biz, too.  Note the photo caption:

The exterior of Bank of America bank is seen in Palo Alto, Calif., Monday, Oct. 18, 2010. Bank of America has lost $7.65 billion during the third quarter due to a one-time charge related to credit and debit card reform legislation passed over the summer.(AP Photo/Paul Sakuma)


Your mission is to write a better caption for this photo.  All the elements are there.  Huge bank loss due to Specialness, or the government’s fault, or something.  In Palo Alto.  And a bike parked outside with a spare tire.

Needless to say, real estate references are strongly encouraged.  The fact that B of A did better than expected “due mainly to a sharp drop in losses tied to defaulting loans,” should get you started.  Feel free to refer to the article or just completely make something up.  Show your True Bay Area Spirit!

First Prize: Your choice of Bay Area zip code or for sale listing featured in burbed.  (Not valid in East Bay.  Kidding!)

Second Prize: Due to budget cuts, there is only one prize.  But you will win the respect of your friends, family and co-workers, plus your entry will be indexed by web robots for years to come!

Judging: The winner will be chosen by consensus of whoever shows up.  If there is no clear decision, the moderator will toss a bike tire and see which side of El Camino it rolls to.

Comments (92) -- Posted by: madhaus @ 5:05 am

92 Responses to “B of A Lost $7.7 Billion and All I Got Was This Stupid Photo”

  1. SEA Says:

    Located outside Bank of America are two pieces of repossessed property in Palo Alto. One has movable parts, and the other is a spare part. What is the velocity of the ‘buyable’ inventory in Palo Alto?

  2. ymous Says:

    “The primary assets of Bank of America bank are seen in Palo Alto, Calif., Monday, Oct. 18, 2010. Bank officials stressed that they had secured the complete bicycle with “a really good lock” over the weekend, and that despite losing everything but the front wheel of the second bicycle in a theft on Friday afternoon, they were “confident” it would fetch a solid price at auction.(AP Photo/Paul Sakuma)

  3. Ryan Says:

    “Wall Steet praises Bank of America for it’s new green initiative to require it’s crack department of forclosure specialists to bike to work after announcing the loss of a mere $7.65 Billion.” (Alas, due to cost cutting, the department consisted of only one robo-signer who didn’t realize a bicycle needs only two tires because he didn’t read the paperwork.)

  4. CB Says:

    Bank of America (BAC) initiated a program last year to attract more traffic to their local branches. Specifically targeted were California welfare recipients, who pay an estimated $8M annually in ATM fees. The program includes nacho cheese vending machines, neon signs advertising financial services, and bicycle racks in front of each branch.

  5. Real Estater Says:

    Obama is in town today!

  6. DreamT Says:

    will you be there, Real Estater?

  7. madhaus Says:

    #5, I hope you’re not accusing him of stealing the other bicycle.

  8. Pralay Says:

    Oh, that Marissa Mayer. I did not hear any good word about this mean-spirited Google “User Experience” executive from any Google employee. Now she is organizing fund-rising! She actually can be future Sarah Palin of Democrats.

  9. Real Estater Says:

    Welcome to Palo Alto, Mr. Obama!

  10. SEA Says:

    My vote for the best caption:

    “Welcome to Palo Alto, Mr. Obama!”

  11. Pralay Says:

    Today I saw one old 50-ish person standing on Addison Ave with a sign: Please solve my AMT problem.

  12. Mole Man Says:

    Did they check under the couch cushions?

  13. Real Estater Says:

    Security is everywhere right now. It’s quite a scene down here.

  14. nomadic Says:

    Wow, first you live within walking distance to Steve Jobs’ house (even if it’s a long walk), now you’re in the same city as the President.

    Don’t wet yourself, champ.

  15. Pralay Says:

    He got Steve Jobs, he got President, now all he needs is HIS OWN blog to give us security updates. :)

  16. madhaus Says:

    Clinton came to the 87 in ’96. Somehow I survived it without needing to alert any real estate blogs.

    Now back to our regularly scheduled discussion of three bike tires in Palo Alto. (Why? Because someone is in the bank applying for a loan to buy a fourth one.)

    Personally I really like entry #2.

  17. bob Says:

    Early Wednesday morning workers at a local Bank Of America were surprised to find a lone bicycle wheel parked in one of their bike racks. After a careful cross examination the wheel told Police that it suffered serious depression from living in the East Bay and one night simply couldn’t take it anymore and thus freed itself from it’s owner’s bike and rolled itself all the way to Palo Alto where it had always wanted to live. His snobby friends had told him Palo Alto was where all the “Cool, rich, and successful bicycles and wheels lived” The wheel told officials he’d only stopped to rest at the bank but fell asleep.

  18. Real Estater Says:

    >>Clinton came to the 87 in ’96. Somehow I survived it without needing to alert any real estate blogs.

    So how many miles was he from your zip?

  19. WillowGlenner Says:

    Clinton came to Belmont in the 90s, it really shouldn’t be a big security deal. All they really do is block certain roads so traffic is a bit of a nightmare, but that is more to accomodate all the press people and their vehicles following the president around vs any security measure. Of course that was before 911.

    Personally I think Obama should be spending time in the swing states that really need him right now vs our area.

  20. WillowGlenner Says:

    RealEstater, Clinton was literally a block away from me in Belmont during that visit. He went to Carlmont High School, and I could see that school from my house on the hill (a short hill). Clinton was arms length away from everybody.

  21. WillowGlenner Says:

    Hey madhouse, have you seen that movie Waiting for Superman, and what is your impression? At the risk of sounding jaded, given that my kids went to private school, I am a little tired of the teachers union spokespeople blaming “outside influences” on teacher performance. Of course kids are influenced by any number of factors, but the problem is that other countries where students test much better have the same challenges with parents I would think, particularly in the former eastern bloc. The good news is that the movie is spurring debate, even if the annoying Oprah is involved.

  22. nomadic Says:

    I like #2 the best too, although bob’s effort in #17 is pretty good. Of course, if the wayward wheel wants respect in Palo Alto, it needs to be a high end Mavic.

  23. nomadic Says:

    Nice to see you, WG. Did you hear that someone in Detroit was proposing jail time for parents who refuse to attend their kids’ parent-teacher conferences? lol, what next?!

  24. Real Estater Says:

    >>Clinton came to Belmont in the 90s

    That’s different than him having dinner in one’s own zip, as madhaus was implying.

  25. Real Estater Says:

    Staying with real estate, here the house:

    http://www.businessinsider.com/googles-marissa-mayer-to-host-president-obama-for-30000-a-head-fundraiser-2010-10

  26. DreamT Says:

    Lol I can just imagine RE walking towards Obama and yelling “Welcome to MY zip Mr President!”
    Obama briefly stops and asks his aide “Who the #$% is that guy?” “Oh, nobody, Mr President. Nobody.”

  27. Real Estater Says:

    I’m hearing helicopter hovering overhead now, just like when Clinton was in town…

  28. nomadic Says:

    trollin’, trollin’, trollin’. Keep them blog posts rollin’.

    RAWHIDE!

  29. Real Estater Says:

    Check out the video:

    http://fwix.com/sfbay/share/5e1eef8acc/obama_in_palo_alto_for_30k-per-head_fundraiser

  30. Pralay Says:

    Staying with real estate, here the house:
    —–

    551 Addison Ave – that’s definitely at right side of Middlefield.

    And it is two-car garage home.

  31. Real Estater Says:

    >>And it is two-car garage home.

    For $5M, it’s appropriate.

  32. Real Estater Says:

    Driving through Embarcadero and Middlefield streets, the President must be amazed by the multiple SOLD signs dotting the streets. Go check it out if you don’t believe me.

  33. Pralay Says:

    the President must be amazed by the multiple SOLD signs dotting the streets.
    —–

    If anything I would be jealous of Real Estater, it is his 10 year old heart and mind in a 50 year old body.

  34. WillowGlenner Says:

    OK so Obama is here for a fundraiser. Well thats sort of half alright I guess, but again, so close to an election it seems like whatever money is received is a little too late for this november’s party, and there are tons of contentious races where Obama could be helping the candidate I would think. What is really disturbing me is that we are likely going to get those republican environmental rapists in charge of the environmental committees again like Pombo. Fortunately he’s gone but there are tons like him in the red states.

  35. madhaus Says:

    WG, haven’t seen either Superman or the other education movie out now, Race to Nowhere. But from what I heard Superman is this simplistic Charter Schools Good, Public Schools Bad screed. I hate charters, they pat themselves on the back a lot but more often than not they harm the kids and families more than they help while draining off funds that should have gone to the existing school system. What the movie shows is hope but not results.

    The whole “our schools are failing” meme is being put out there by some very, very wealthy conservatives who are doing so for their own interests. They want to break the teachers’ unions because (surprise) they tend to support Democrats. The major names behind funding for all these fake “studies” and voucher propositions and the like comes from Sam Walton’s adult children (yes, Wal-Mart money) and Betsy Prince DeVos (wife of Amway founder Richard and sister of Blackwater/Xe’s CEO Erik Prince).

    It’s just idiotic to accuse a school of failing when the kids get no support at home for taking education seriously. If their parents won’t come to school meetings or encourage them to do their homework, how is this a failure on the part of the school?

    True fact: the best correlation with SAT scores is… parental income. Thus, the search for schools with high STAR test scores is really a search for high-earning, or at the least highly-educated parents of the children who attend.

    School foundations asking for a “voluntary” donation of a thousand bucks a kid don’t exactly keep things equal when most other schools are bleeding to death from budget cuts. So what’s the solution? Well-heeled parents aren’t going to sit by and watch their neighborhood school keep over.

    Remember my proposal that every Palo Alto homeowner should subsidize (by buying) a house in East Palo Alto? I think any gift to an educational foundation over $100 a year per family must be accompanied by a gift to a matching fund which will help out districts where no resident could manage that kind of mad money.

    Inotherwords, we will all be Mark Zuckerbergs. Let’s put noblesse oblige to work, because otherwise the well-off schools will manage and all the others will “fail,” if you call assaults from high-stakes testing insanity, constant budget reductions, and an all-out attack from the moneyed Right “failing” rather than “bleeding to death.”

    As to Clinton’s visit here in 1996, both he and I were on The Right Side of Fremont. Also that fundraiser was $50K a head, not $25, and we’re talking 14 years ago.

    Article 3 of 17, Article ID: 9609170168
    Published on September 12, 1996, San Jose Mercury News (CA)
    PRESIDENT DROPS BY FOR DINNER SILICON VALLEY EXECS TALK SHOP AND DINE – AT $50,000 A PLATE
    The leader of the Free World is dropping by for dinner. Now what do you do?
    Get some pork chops out of the freezer? Put extra hand towels in the bathroom? Get the drapes cleaned? Maybe kick some of the dirty laundry into the closet?
    Renowned Silicon Valley marketing strategist Regis McKenna and his wife, Santa Clara County Supervisor Dianne McKenna, had Bill Clinton over to their Sunnyvale home for a modest $50,000-per-person fund-raising dinner Wednesday night for almost 20 people, Complete Article, 785 words ( )

  36. nomadic Says:

    Just one question, madhaus: how does pouring more money into a poor district solve the problem of parents not participating in their child’s education?

  37. Real Estater Says:

    I’m not a fan of the Republicans but I’m seriously considering voting for them again. Obama is spending like he owns the bank, and then he’ll be taxing like he owns the IRS.

  38. Real Estater Says:

    Guys,

    With 30 year mortgage rate at around 4.2%, you better have a strong reason not to buy a house now.

  39. anon Says:

    Here’s a great reason: Most of the people buying houses still can’t afford them in the long run.

  40. Pralay Says:

    With 30 year mortgage rate at around 4.2%, you better have a strong reason not to buy a house now.
    —–

    In past there were always strong reason to buy. In future there will always be strong reasons to buy. So why someone should listen to Fake Estater?

  41. Real Estater Says:

    Pralay,

    Slowly but surely, you’re getting the point. The reason to buy now is more compelling than ever. Don’t listen to me; listen to the math. As mortgage payment converges toward rent, it doesn’t make sense to rent.

  42. SEA Says:

    “Don’t listen to me; listen to the math. As mortgage payment converges toward rent, it doesn’t make sense to rent.”

    Did it ever make sense to rent?

  43. madhaus Says:

    #36: because studies have shown that the most effective results of early childhood education are seen in children from educationally deprived backgrounds. Getting the kind of learning environment in preschool that they would not get at home actually does improve their performance and test results in elementary school. For children of higher-income families, they would receive the educational components whether or not they attended preschool.

    So that’s where to use the money, plus paying for tutors for these kids in afterschool clubs, because not enough parents are helping them succeed.

    We now return to our regularly scheduled snark.

    #42: I suggest choosing your parents wisely so you can inherit property instead of buying or renting. It saves time and money. Plus then it doesn’t matter if you go to preschool or not.

  44. WillowGlenner Says:

    I think some of the posters here are opposed to paying the big bucks ($1.5mm+?) for a house in the neighborhood that THEY want to live in, whether it is Saratoga or Burlingame etc. So I would advise some of you to look at buying a cheap rental property just as an investment, not to live in, maybe $500K or so, somewhere. There is plenty available but bidding is competitive at the low end. Put 10% down and finance $450K at 4.5% with a payment of $2280 + whatever escrow. If you choose the house wisely you should be able to rent it at $2500 which is standard house rent. You may have negative cash flow of a few hundred $$ which is easily offset by tax favorability. I never sweat a negative cash flow of <$500 when I first buy an investment property. The beauty of these low interest rates is that even in the first year of the mortgage, you are paying $7K towards principal and within 5 years, $10K per year goes to principal. You won't even feel this investment, you will be building wealth and you can continue to rent in an area you prefer to actually live in.

    Even that overhyped Case Schiller shows the low end bay area as continuing to climb pricewise.
    http://blog.redfin.com/sfbay/2010/09/case-shiller_bay_area_low_tier_home_prices_still_gaining_steam.html

  45. WillowGlenner Says:

    RealEstater, the problem with voting republican for me at this point, above and beyond their wacky religious right connections, is the adherence to free trade policies that are robbing the USA blind. I am fairly convinced that Whitman and Fiorina will lose handily due in large part to the jobs situation in this country that allows executives to move every midlevel job offshore to increase profitability despite the fact that most of these companies were founded on concepts originally developed by either the defense industry through Darpa or the US university system funded by taxpayer dollars. In other words we as a nation create wealth and then these executives see their role as exclusively to transfer that wealth offshore. Not every company does this…. Google for example does not. But most do, ebay for example sent half their jobs offshore despite most of their revenue coming from onshore. This is a sticky problem and the republicans are rubber stamping it in lockstep with their donors. While Obama is too much of a spender for me also, his real problem is a REVENUE problem due to lack of payroll tax revenue and other revenue streams that we count on as a nation. Either we shut down this job exportation problem (not sure how), OR we start taxing the top 1% of wealth in the country at 80% again, it is just that simple.

  46. SEA Says:

    WillowGlenner- The low tier has increased from early 2000 to late 2000 levels, and you think that’s significant?

    I’m not even going to ask how much equity those people who purchased in the last 8 years have. All that fancy math with interest rates, amortization, so-called tax benefits, and $10k toward principal, simply looks like a lot of lost time to me.

  47. DreamT Says:

    “All that fancy math (…) looks like a lot of lost time to me.”

    Fancy SEA, you’re my hero!

  48. SEA Says:

    From zero to hero?

  49. DreamT Says:

    You’re not a Black Sabbath fan? (I personally prefer the Cannibal Corpse version)

  50. Real Estater Says:

    madhaus says,
    >>I suggest choosing your parents wisely so you can inherit property instead of buying or renting. It saves time and money.

    You can’t choose your parents, but you can choose your mate. Thus for women, madhaus and all the RBA stay at-home housewives should be your role model. Don’t end up with a rentard who needs to check the bank balance before going out to eat. Have none of this juggling a career and laundry bull crap. Marry the right guy and your day will be about Latte in the morning, internet blogging, picking up organic snacks at Whole Foods, watching Oprah, and strolling Stanford Mall. You’ll never have to worry about school district for Snowflake, and whether you can afford piano lessons or art class. If you were to marry a Bob, Alex, or a Pralay, the story would be quite different.

  51. SEA Says:

    Real Estater- “Don’t end up with a rentard who needs to check the bank balance before going out to eat.”

    Also don’t marry one of those PB&J and Ramen eating so-called owners.

  52. Real Estater Says:

    >>RealEstater, the problem with voting republican for me at this point, above and beyond their wacky religious right connections, is the adherence to free trade policies that are robbing the USA blind.

    To me the overriding issue is the economy. I’m OK with them keeping their cults in the South. Obama’s approach is pretty clear. He’ll tackle the issues through spending, as though he has a billion dollar surplus. He’ll let the future generation worry about the side effects. The second part of his approach is to tax anyone making more than a modest income. That includes majority of the people in the Bay Area. Even if you have a job, your income will be taken away from you at the end of the day to fund Obama’s spending.

    I admit the job export problem is indeed very disturbing. There needs to be government policy that provides incentives for companies to hire domestically, and disincentives or punishment for outsourcing jobs. The dynamic of the government sleeping with big corporations needs to be altered. The current economic climate of jobs going overseas and the economy running on borrowed money is not only unsustainable, it is a threat to our national security. Without a strong economy, we won’t have the ability to maintain our military power, meanwhile, we are enabling other countries to boost their influence (military and other wise).

  53. DreamT Says:

    #50 indeed describes an accomplished mom who will be a perfect role model for Real Estater’s children

  54. SEA Says:

    Real Estater- “There needs to be government policy that provides incentives for companies to hire domestically, and disincentives or punishment for outsourcing jobs.”

    I’m thinking a cap on wages at 50 cents an hour might be a big incentive to hire domestically.

  55. Pralay Says:

    As mortgage payment converges toward rent, it doesn’t make sense to rent.
    ——-

    :) Surely Real Estater has a mind of 10 year old. Didn’t the same Real Estater argued all along that whoever compares mortgage payment with rent is missing the the bigger picture and is “short sighted”? Then how come Real Estater ended up doing the same comparison?

    :) RE, enjoy the equity burn in your home, until the convergence happens. How low did it go in the Wrong Side of Middlefield?

  56. madhaus Says:

    Please vote for your favorite captions in this thread if you haven’t already done so.

  57. Pralay Says:

    Voting for #2.

  58. Pralay Says:

    You can’t choose your parents, but you can choose your mate…..
    Marry the right guy and your day will be about Latte in the morning, internet blogging, picking up organic snacks at Whole Foods, watching Oprah, and strolling Stanford Mall.

    —-

    Is this how Real Estater’s Trophy Wife chose Real Estater as husband?

    That sounds like Anna Nichole Smith choosing a 90 year old Texas oil tycoon.

  59. madhaus Says:

    #55, don’t forget I am loser for being “out of breath at 1.5Mil + 1 minivan”, because I am free to have lattes in morning and cruise Snodfart in afternoon. But trophy wife cannot, because too busy working for paycheck stubs to afford Wrong Side of Middlefield property with major monthly equity burn.

    And it isn’t even true. I have a minivan plus two other vehicles. One of the three is even less than five years old.

    Cost of a latte: $2.75
    Cost of internet connection: $2 a day
    Cost of organic snacks at Whole Foods: $31.27
    Cost of a trip to Stanford Mall: $197.15 including lunch and Sprinkles Cupcakes to take home to the kids to balance out those organic snacks
    Cost of forgoing second income: $800-$1600 per day

    Knowing #50 cannot provide same life for his wife and kids because bought overpriced property instead: Priceless

  60. Real Estater Says:

    Let’s face it. Anyone who’s complaining about “overpriced property” is doing so because he/she did not buy when the price was actually low. Why did they not buy when the price was low? The same reason that they are not buying now — because rent is cheaper, life is easier without a mortgage, too scary to make the leap, blah blah blah.

    Madhaus is “free to have lattes in morning” because she bought a house, and no longer has to deal with “keeping up” with life. If she had been renting, her life would’ve turned out quite differently.

  61. Real Estater Says:

    Pralay says,
    >>Surely Real Estater has a mind of 10 year old.

    Don’t insult yourself. Why are you constantly talking about Palo Alto while I am constantly living Palo Alto? Is it because you cannot keep up with a 10 year old?

  62. Jojo Says:

    Can you imagine interest rates falling to 1%? Gonna suck for people holding cash and savings…

  63. ymous Says:

    Thanks for the support for post #2!

    madhaus #35/43 – you go, girl!

    RealEstater #50 – epic! You are so bold! Women of the world – hear this stunning advice: marry rich!

    RealEstater #30 – you keep lobbying the renters to buy – haven’t they given you a lot of good reasons?

  64. Real Estater Says:

    >>RealEstater #30 – you keep lobbying the renters to buy – haven’t they given you a lot of good reasons?

    They’re only really given 1 reason – It’s easier to be a loser.

  65. Pralay Says:

    Is it because you cannot keep up with a 10 year old?
    —-

    Read #33. I am actually jealous of your adolescent mind.

  66. Pralay Says:

    They’re only really given 1 reason – It’s easier to be a loser.
    —-

    Your statements are based on the assumption that the world revolves around your opinion.

  67. Pralay Says:

    The same reason that they are not buying now — because rent is cheaper, life is easier without a mortgage, too scary to make the leap, blah blah blah.
    —-

    Don’t worry. The way home price is falling, rent won’t be cheaper anymore. Didn’t someone talk about convergence?

  68. Pralay Says:

    Madhaus is “free to have lattes in morning” because she bought a house, and no longer has to deal with “keeping up” with life. If she had been renting, her life would’ve turned out quite differently.
    —-

    And there is a pecking order among homeowner wives too. Just compare between Real Estater’s trophy wife and madhaus. One enjoying latte and another working overtime to pay for mortgage.

  69. ymous Says:

    #60 “The same reason that they are not buying now — because rent is cheaper, life is easier without a mortgage, too scary to make the leap, blah blah blah.”

    Careful there, you might actually get agreement from the renters!

    “blah blah blah” That is awesome! No really! I totally hear you. I get you today, loud and clear!

    If only everyone just really stated straight out what they meant like you are today – the world would be so simple.

  70. Pralay Says:

    life is easier without a mortgage, too scary to make the leap, blah blah blah.
    —–

    I thought so – life is easier without a mortgage. But when I read that even strawberry picker has a life WITH mortgage, I realized that probably mortgaged life could be easier too.

  71. anon Says:

    Real estate is, and continues to be, the “investment” of choice for people with no money.

  72. Pralay Says:

    And people with fictitious megaaaaaa-project and people with fictitious AMT problem.

  73. Real Estater Says:

    I think if people want to:
    – Remain a renter for life
    – Remain a virgin at age 40
    – Never have children
    – Do the same job everyday

    They should be allowed to do so. However, they should not dump sh** on those of us who do not make such choices.

  74. nomadic Says:

    madhaus, thank you for elaborating in #43. Sounds like a pretty good plan. I’d probably add in a longer school year for those “struggling” districts as well. Poorer kids lose too many IQ points over a summer of playing video games or watching TV.

    .
    RE: Anyone who’s complaining about “overpriced property” is doing so because he/she did not buy when the price was actually low. Why did they not buy when the price was low?

    Do you suppose maybe some of the reasons why people didn’t buy then was because they were still in school, didn’t live in the Bay Area or were saving up their down payment? Your argument is just silly.

    #73, perhaps the same should apply in reverse?

  75. madhaus Says:

    #74, you are most welcome. I agree also about longer school year for school districts with less-involved families.

    >>If people want to [list of choices]…they should be allowed to do so. However, they should not dump sh** on those of us who do not make such choices.

    #73, perhaps the same should apply in reverse?

    Only perhaps?

  76. Pralay Says:

    However, they should not dump sh** on those of us who do not make such choices.
    —–

    Losers love to dump sh** on other people. :)

  77. nomadic Says:

    #75, that was a rhetorical question. Hoping RE could learn something for once.

  78. Pralay Says:

    Hoping RE could learn something for once.
    —-

    Chuck Norris does not learn. Because he knows everything already.

  79. SEA Says:

    ymous #63-

    Number 2 is the best for so many reason, including that it’s #2.

    “RealEstater #50 – epic! You are so bold! Women of the world – hear this stunning advice: marry rich!”

    I’m sure you know the saying…

    “When you marry for money you earn every penny.”

    “Just compare between Real Estater’s trophy wife and madhaus. One enjoying latte and another working overtime to pay for mortgage.”

    Alex tells us plenty about Real Estater’s ‘trophy wife,’ and it’s not always pretty. She does get the job done, according to my understanding.

  80. Alex Says:

    Dude, where’s my bike?

    (or the adult version – bitches, where’s my bike?)

  81. Tuno Says:

    #52 yikes, RE making sense for once!

  82. Tuno Says:

    I vote for #17, although #2 was also very good

  83. Tuno Says:

    #50 – RE fighting dirty. the women he extolls (I don’t mean you, madhaus) have a particular trajectory, which seems to include bleached hair, bleached teeth, a huge SUV, valium, a divorce, and a subsequent career as a Real Estate Professional. because women who marry for money, choose guys who marry for looks. and those sorts of guys don’t stay married to their first wife.

    Women tend to look for guys who have a mix of qualities. Sure, if you could find a high-earner who also wasn’t repulsive looking, had a sense of humor, was kind and intelligent, and would stick around, you wouldn’t reject him because of his earning capacity. But it’s just one factor.

  84. Pralay Says:

    I admit the job export problem is indeed very disturbing. There needs to be government policy that provides incentives for companies to hire domestically, and disincentives or punishment for outsourcing jobs.
    —–

    I absolutely see no problem in job export. This is how Real Estater manages his mega-project and stays top of the food chain by focusing on “innovation and management”.

    And people who lost jobs are “dead woods” anyway. It’s better they remain unemployed so that our Silicon Valley companies remain competitive.

  85. Real Estater Says:

    Tuno,

    Although I said it kind of tongue in cheek, it is generally valid that the guy who is capable/successful tend to have it all. Therefore, we are saying the same thing (you call it “mix of qualities”).

    Oh, by the way I’ve got a secret to share with you: All guys are into women’s looks.

  86. nomadic Says:

    yeah, Tuno, you left off the implants. ;-)

  87. Tuno Says:

    RE – um, no. there are loads of guys who are high-earning who are homely as sin.

    it’s funny, apparently the worse looking a man is, the more fussy he is about women’s looks. handsome guys are far more likely to think that almost all women look okay.

  88. Real Estater Says:

    >> there are loads of guys who are high-earning who are homely as sin.

    Homely or not, what matters is that they bring home the bacon.

    >>it’s funny, apparently the worse looking a man is, the more fussy he is about women’s looks.

    And these guys tend to not make as much either. We agree again.

  89. Real Estater Says:

    On HGTV shows such as House Hunters, you often see couples discuss how they can only afford a $300K place, and how they have to settle for this and that to make ends meet. Sometimes the woman is actually attractive, and you gotta wonder how she missed the boat by marrying a guy who can’t even provide the essentials.

  90. SEA Says:

    Real Estater- Does HGTV only film House Hunters in the RBA?

  91. Alex Says:

    I vote for #80!

  92. Caption Contest Results – The Winner | Burbed.com Says:

    [...] Last Thursday we presented this photo of a Bank of America branch in Palo Alto, and asked you to write a better caption.  Thank you to everyone who participated.  The entries which received at least one vote are: [...]


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