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Tuesday, March 16, 1982

03.16.2007 - Friday Open Thread

This is your open thread for Friday, March 16, 2007. You may post random links and off-topic discussions here.

Be sure to also check out the forums, and get your word in the user-driven discussions there!


redmondjp said...

This article from Reuters is on The Drudge Report today--here are a couple of paragraphs:

Commodities investment guru Jim Rogers stepped into the U.S. subprime fray on Wednesday, predicting a real estate crash that would trigger defaults and spread contagion to emerging markets.

"It's going to be a disaster for many people who don't have a clue about what happens when a real estate bubble pops."

Well, it appears that we're quickly approaching the time when housing bubble blogs will have to change focus, since the MSM seems to be finally figuring out what is going on--focus will then shift to damage control, and helpful tips such as "use a padded envelope and add extra postage when you send your house keys back to the mortgage company".

Terry said...

redmondjp, I agree

The MSM really has picked up on the housing / credit bubble. I think the failing subprime lenders is what finally made them take notice of the situation.

WTF said...

Anyone else catch those REALTOR(r) commercials on last night during the NCAA Tournament?

I can't find a link to it, but it went something like this:

"If you have a family, it's always a good time to buy."

"The market is great right now, in terms of selection..."


Propaganda at it's finest....they must be really scared to be blowing that kind of money.

Terry said...

Well, it appears that we're quickly approaching the time when housing bubble blogs will have to change focus,.....

So what's the next sure thing bubble? I want to get in on it early, make my million $$$, retire, sit back and drink Coronas without any worries for the rest of my life.

Isn't that the modern American dream retirement plan?

MisterBubble said...

There has to be an extended period of gloating before the bubble blogs can change focus. It just wouldn't be right to let the MSM think that they uncovered this story on their own...., anyone?

WTF said...

One of the other choice lines from that commercial was something like this:

"We could buy for the same money we were spending to rent, so we decided to buy."

WTF said...

Found it!

The infamous video that is part of NAR's $40 million Public Awareness Campaign.

WTF said...

Funny...."Adding comments have been disabled for this video."