[ex-Texan]

I was watching the local broadcast of stock market reports. Shocked by what I saw NPR was saying tonight: GM and Ford bonds or "debt" have been classified as "junk paper." Paul Kangas was talking openly of novice investors in real estate being fleeced. He said "real estate bubble" quite clearly. 'Nuff said.

[Old Professer]

Why do you care? Buying? Selling?

[wagglebee]

NPR and the rest of the leftist media is doing everything possible to "talk down" the economy and it's not having any effect. The internet bubble occurred because there were too many dot.coms with no real business plan and no hope of profits ever. This is not the case with real estate, real estate is tangible and has always appreciated over time, this is not some theoretical model like the Klintoon "boom" was. Ford and GM are in trouble because they gave too many rebates and offered too low interest rates, but there too, people need automobiles and they will continue to buy them.

[razorback-bert]

In real estate, what I find interesting today is the Quicken ads for interest only ads.

Talking about buying on the never-never.

Will we see a GM-Ford merger?

[bvw]

The old-school terminology is "Boom-Bust". About a sixty year cycle it seems.

[Intolerant in NJ]

Bubble...One of the major causes of the savings-and-loan collapses of the late eighties was the soak-the-rich tax bill pushed by the lefites in the mid eighties, which took away the passive real estate investment credit for tax purposes - the value of much real estate plummeted because it no longer was a profitable investment if not actively managed by the owner, and since lots of SandL's held assets in real estate their portfolios dropped accordingly - IMO when enough baby-boomers start selling their five bedroom mansions to buy retirement condos at a third the price, there'll be similar problems with real estate......

[montag813]

Hit primary link to read these reports and others that are even more depressing.

GM has never been a better buy. Kerkorian has never lost. Shareholders always make a killing when he gets on board. Unions should be afraid...very afraid.

GMAC, and GM Home Mortgage will be sold off or go IPO, raining tens of billions. They have $68.3 billion in cash. GM also owns 20% of Subaru and Suzuki. There is tremendous value there. When KK gets done cutting and slicing, GM will be a lean mean, motor machine. BUY!

[MinuteGal]

Florida coastal area home sales are hot and getting hotter. I know because I just sold my waterfront home, hoo yah!

Eight hundred people a day are moving into this state.

We chuckle when people think that Florida is Flori"duh". If it was so "duh", folks wouldn't be pouring in here like there's no tomorrow.

If'n y'all want to get into the action, ring my bell. Me 'n ole Jeb will meet you across from the bank and buy you a Tropical Orange/Coconut/Rum Killer with a lime slice and a plastic monkey hanging on the side.

Leni

[montag813]

"Stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they will pay through the nose to get it!"

[RichardW]

I can understand GM being downgraded but I don't see Ford being in the same fix. GM is a certain Chapter 11 but Ford isn't in nearly the same shape on a number of levels. I don't get it.

[socal_parrot]

I just sold a house here in Orange County for 875k. I boughtit 7 years ago for 300k. I still have two homes here, I hope it doesn't burst quite yet.

[FierceDraka]

Personally, I'm saving my pennies for when the real estate bubble bursts and the new bankruptcy laws start to bite the foolish where it hurts.

What can I say? Gordon Gecko was one of my heroes.

[Recall]

This one is unbelievable !! All I can say is WHOA!

http://liveinmississippi.com/property_detail.asp?mls=222548&referrer=search

Be sure to look at photos! Somebody Please, tell me what is wrong with it! We are moving from Alexandria VA (houses are in 600-800 thousand range) to a job 40 minutes away from this place.