Barf.

Need a visual?



Yeah, barf.

 

If anyone needs a primer in what's wrong in DC...see above.

 

Also whats wrong with the internet. that picture is saved for eternity.

 

I am a Delta thread Friday lurker. Sometimes (see above) I wish my social calendar was a little more full and I hadn't seen that. But hey, it's a DAL thread and who am I to judge DAL pilots?
Happy New Year and to a good year for us all.

 

There was/is a certain percentage of that. There are also plenty of people who bought homes at the market price that is well above today's values they could afford and then lost their jobs as a result of the fallout of the above impacting companies and businesses and subsequently were stuck with homes they were under water on even with substantial equity and were forced to short or foreclose. These were honest people doing their best and got caught up in the mess created by others and now have the bad credit as a result that as you indicated will further cripple them in recovering their careers and lives. THIS is the real devastation of the housing bust. What do you tell them?

It's too easy to look at the ends of the bell curve and make summary statements about the causes of this disaster. I think the whole story is a lot more grey with a lot of truly innocent victims with repercussions that have rippled throughout society and the perps happily enjoying their ill gotten riches at the expense of the nations future economic well being.

 

Talk about potential underboob!! That disaster has a pair to rival a lot of the PYTs we see showcased here all of the time. Also, someone please call customs as this guy is guilty of smuggling raisins.

 

I think Denise wears it better.

And by it, I mean them.

 

True Dat.
But nobody is really innocent in this. The roots are all in greed. I dont have to go into the corporate greed part, but individuals who were on the fence between renting and buying, bought. Because it will appreciate (or so they thought). Now, people are buying for pennies on the dollar. Its all business, some good some bad.

If you've got cash, today you can buy a lot for your money. You can buy a house for less than half of what it cost to build it...not so in 2008. The problem with money is...what do you do with it today. Really, what do you do with it?

Somebody please define security in today's reality.

 

What do I google to get more of ukelele girl?

If anyone quotes that Barney Frank picture again, youre on his team.

 

I remember thinking in the mid 2000s, at some point a 1 bedroom condo in Hoboken cannot cost a million dollars. Eventually something has to give. But I have a lot of friends who bought townhomes and condos in their mid 20s because conventional wisdom as well as all of the wizards of smart said you're throwing money away renting.

Now these guys are dying paying two mortgages as you can't raise a family in a condo. Just happens. It was in the end the wrong advice. Luckily for me I was a regional pilot, the boom of the early and mid 00s past me over.

Now, I bought a home in 07, kind of at the peak but mine was a fixer upper as it had been owned by a rapper and lived in by his entourage. I could easily pay off the mortgage but I wouldn't have enough for a downpayment on anything comparable.