Continuing to examine and hold a lively discussion of the Northern Virginia Real Estate market.
Please post your local house search updates, MLS finds, on-topic ideas, and links here.Is Ireland Facing House Price Collapse?
LJJOnce it's all unwound, it's amazing how much fraud, cupidity, and just plain negligence went on in the mortgage trade.Most of what passed for Republican brilliant economic theory will in the end be dismissed as fraud and negligence.Banks failing to register and keep notes?Credit checks passing as underwriting?MBS and CDO replacing due diligence?Plus it appears a lot of the bank loans were forged, people would sign up for fixed notes and the brokers would forge them into assumables.
Yes Pat, if it was a movie it would flop for having too incredibly implausible a plotline.
Think of it this way Pat.The Titanic is the US economy, or the housing market, take your pick.The folks down at the stern and stuck in steerage are us average folks.The folks in the middle are from one political party.The folks way up in the air at the bow are from the other political party.The ship has hit the berg, the compartments are filling and the stern is slowly sinking into the Atlantic under the relentless pull of gravity (or the dollar).Bow: "Wow, look at that view! Things are looking SWELL!!"Middle: "Well, the band is still playing so we must be ok?"Stern: crap, this water is *COLD*.Now, what were you saying about one political parties brilliant economic theory?LOL.
pat -The challenge would be to find a financial bubble that didn't have fraud.
http://franklymls.com/DC7413109assessed at 350K sells for 271Khttp://franklymls.com/DC7368025listed at 400, sells for 360K
TNGreat metaphor.Now you leave out, the AM Radio commentators the next day saying"Disaster caused by lazy minorities failing to bail" and "This must bea Muslim sabotuer after all, the ship was unsinkable". andThe Ship Captain quietly signalling for a raft for his friends, and getting off.
Great metaphor.Thanks. I thought so too.Now you leave out, the AM Radio commentators the next day saying"Disaster caused by lazy minorities failing to bail"No I didn't leave it out because in reality, steerage on the RMS Titanic was mostly Caucasian Europeans headed to the USA as emigrants. You should have said "Disaster caused by lazy illegal aliens failing to bail" and then it would have been a pun wrapped inside an analogy. Still morbid tho'. and "This must be a Muslim sabotuer after all, the ship was unsinkable".Leon Klinghoffer, wheelchair bound tourist executed by muslim terrorists aboard the luxury liner Achille Lauro .Odd isn't it...finding a correlation between your witticism and real life? Muslim terrorists killing innocent cruise ship passengers before they decided it was a tad more efficent to drive a fully loaded Boeing 757 into an office building at 350 miles per hour? Freaky.One has to believe that if luxury liners were the airplanes of today that the oceans would have a bit more metal hulks resting on the seafloor vs buildings resting in rubble piles.and The Ship Captain quietly signalling for a raft for his friends, and getting off.Again, you missed it. You should have said "and the Ship's Captain quietly going down with his ship. Which would be a pun of I Hope he fails (in context.."goes/going down with the ship") and given last weeks election results...timely too. That was a helleva iceberg that hit the RMS 44. Only two more years to fill those lifeboats...Puns are fun. Until you realize that sometimes like swords they can cut in both directions.:)
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