Comments on: Pride and Prejudice: Examining the Psychology of Those in the Housing Industry. http://www.doctorhousingbubble.com/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 03:22:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: punjabi buffett http://www.doctorhousingbubble.com/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1888 punjabi buffett Sat, 01 Sep 2007 05:28:00 +0000 http://www.doctorhousingbubble.com/2007/08/30/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1888 to the savers,<br/>i dont understand why you dont buy shares of berkshire hathway(run by renowned value investor , warren e buffett). each of the b shares now cost around 3900 $. but it has returned > 10% in the last 10 yrs.<br/>pls research it and learn to create wealth instead of paying banks to lose your money<br/><br/>punjabi - a buffett fan to the savers,
i dont understand why you dont buy shares of berkshire hathway(run by renowned value investor , warren e buffett). each of the b shares now cost around 3900 $. but it has returned > 10% in the last 10 yrs.
pls research it and learn to create wealth instead of paying banks to lose your money

punjabi – a buffett fan

]]> By: susanne.kruppa http://www.doctorhousingbubble.com/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1885 susanne.kruppa Sat, 01 Sep 2007 03:53:00 +0000 http://www.doctorhousingbubble.com/2007/08/30/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1885 Yes, economy was growing by 4%. But why? Because consumers went on a shopping spree with the borrowed money from their refinanced house. The growth over the last couple of years was financed by funny money. So far for the growth numbers.... Yes, economy was growing by 4%. But why? Because consumers went on a shopping spree with the borrowed money from their refinanced house. The growth over the last couple of years was financed by funny money. So far for the growth numbers….

]]> By: Steve http://www.doctorhousingbubble.com/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1874 Steve Fri, 31 Aug 2007 21:54:00 +0000 http://www.doctorhousingbubble.com/2007/08/30/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1874 This is no issue with a bailout. A primary reason that no-doc loans were used was because most of the sub-primers can't fill out forms and their ability to read is suspect. <br/><br/>There is no way these folks will figure out a way to a complete a government form. This is no issue with a bailout. A primary reason that no-doc loans were used was because most of the sub-primers can’t fill out forms and their ability to read is suspect.

There is no way these folks will figure out a way to a complete a government form.

]]> By: Renter_IE http://www.doctorhousingbubble.com/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1873 Renter_IE Fri, 31 Aug 2007 20:52:00 +0000 http://www.doctorhousingbubble.com/2007/08/30/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1873 Forget about the market... this is the current administration's strategy for "making them look good". It just kills me that those spend like there's no tomorrow are getting rewarded while my savings are growing at a snail pace due to low interest. unlike many on this post,I barely earn above median income. i am telling you guys, it is tough for me and my girl to save more than 25% of what we earn because everything costs so damn much, even though our rent is only $1250. I can remember when my father's mortage payment on a 1900 sf house here in the IE is around that... and there's NOTHING I could do about it... sad... Forget about the market… this is the current administration’s strategy for “making them look good”. It just kills me that those spend like there’s no tomorrow are getting rewarded while my savings are growing at a snail pace due to low interest. unlike many on this post,I barely earn above median income. i am telling you guys, it is tough for me and my girl to save more than 25% of what we earn because everything costs so damn much, even though our rent is only $1250. I can remember when my father’s mortage payment on a 1900 sf house here in the IE is around that… and there’s NOTHING I could do about it… sad…

]]> By: John http://www.doctorhousingbubble.com/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1872 John Fri, 31 Aug 2007 17:00:00 +0000 http://www.doctorhousingbubble.com/2007/08/30/pride-and-prejudice-examining-the-psychology-of-those-in-the-housing-industry/#comment-1872 Bush and the Fed want to bailout the bad loans because the govt has a vested interest in keeping the housing bubble going.<br/><br/>The govt was to keep up the illusion that people making $30,000 a year can afford to buy a $650,000 home. <br/><br/>Why? Because that $30,000 a year wage earner won't question globalization, outsourcing, illegal immigrant labor, and other government policies that are economically disenfranchising him. <br/><br/>If that $30,000 a year guy has a huge home, flat screen TV with satellite, and a leased SUV in the driveway, then in his mind, he's middle class, and there's no reason to question his elected officials about economic policies. Bush and the Fed want to bailout the bad loans because the govt has a vested interest in keeping the housing bubble going.

The govt was to keep up the illusion that people making $30,000 a year can afford to buy a $650,000 home.

Why? Because that $30,000 a year wage earner won’t question globalization, outsourcing, illegal immigrant labor, and other government policies that are economically disenfranchising him.

If that $30,000 a year guy has a huge home, flat screen TV with satellite, and a leased SUV in the driveway, then in his mind, he’s middle class, and there’s no reason to question his elected officials about economic policies.

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