The OC Register – The Nerd at the Housing Bubble Party
Chuck Ponzi February 24th, 2006
Have you ever met someone so out of touch that they didn’t get the joke staring them in the face? Ever told someone to do something sarcastically only to have them actually go and do it?
Well, the World’s Most Gullible Award of 2006 definitely goes to the OC register Blog.
A recent article proves just how out of touch their writers can be. For fear that they might discover their stupidity, I just absolutely have to copy the portion where they mistakely understand the purpose of the site http://thereisnohousingbubble.blogspot.com/ below:
Filling that void is a new over-the-edge blog, There Is No Housing Bubble, which addresses some people’s fear that they will feel enslaved by their home if they buy one. Under the heading “Slavery Is Freedom,” the blog sings the praises of rising home equity:”If you need $100K to give your child an Ivy League education you can use the wealth created by your home to fund it. Try doing that with your canceled rent checks and see how far that gets you. If you need Bruno Magli shoes and an Armani suit for a social function you can tap your home equity line of credit and the best part is you get to deduct it all from your taxes. Thank you Uncle Sam! This so-called slavery leads to the greatest freedom a human can possess: the freedom to do anything.”
Other headings include “Debt Is Wealth” and “Fear Is Happiness.” Under that final topic, the blog states, “For most of us, it strengthens our resolve to do whatever it takes to become one of these rich, happy landowners. For the frightened renter/bubble advocate, it causes fear and resentment to want to ruin other people’s lives. Don’t become one of these pathetic wretches. “That is why I’m writing this blog, to educate the few redeemable renters out there. To let them know that if they take a chance and let debt, slavery, and fear into their lives they’ll find wealth, freedom, and happiness.”
If you don’t get the joke, perhaps you should go buy a sense of humor on Ebay. It will probably be a better “investment” than a home right now.
The rest of the story is pretty blah, blah, is there a bubble? No one knows for sure, they say; well, they may not, but many already do and are doing something about it by selling their own “investment” digs.
As soon as John gets some time away from his indentured servitude, he will post some analysis of San Diego’s transaction volumes! (This will be more fun than reading OC Register blogs)
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That is just so funny! They really don’t get it. I guess that goes to show how little thought mainstream reporters (or at least the OC Register’s reporters) put into their storys. Can I blog this too?
No, better yet, I am going to try and get our local rag to write a story on that blog and see if they fall for it. What better slap in the face. Hey! IJ reporters, if you are reading this get ready.
Marinite
Marin Real Estate Bubble
John Doe:
Make hay with that one. It is a pretty big blunder on the blog that no one reads at the OC Register.
big blunder, true. but even our fellow blogger keith at Housing Panic fell for it.
To me of 18 years. My guy act ons as the forewoman in piddling shop. To it already declared reduction of the stick, and that whom pleasure not belittle, -power discount the pay on 20 %. Certainly it on the one round of applause is not a lot of, and with another it seems to me no greater than the creation! And article has across across, there to be resulted the book of 10 not most demanded trades during emergency! I obviously too there is, and at you on profession something has exchanged after disaster? And how you in inclusive drawing it to go through? Also what I can insist upon to advance my guy at least?