Is it wrong that I want the housing bubble to burst, just so this woman will suffer?
"It just seems like everyone is doing it," Laurie Romano, a 26-year-old self-described real estate investor, said with a giggle as she explained why she was attending an open house this month for the Nexus, a 56-unit building going up in Brooklyn's chic Dumbo neighborhood. She and her fiancé, a dentist, had already put down a deposit on a Manhattan condo earlier in the week and had come to look at another at the Nexus.
I think it's the giggle....
I cruised into work late this morning. Because it's a paid holiday, and I started earning overtime yesterday.
BigBoss is buying us lunch, which is nice, since I discovered yesterday that half of my coworkers weren't asked to come in today. Now lunch just needs to arrive before I decide that my desk looks like good eatin'.
On the bright side, at least her fiance will have steady work repairing all the broken teeth for people who get roughed up by loan sharks over bad real estate investments.
This quote
"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."
convinces me that the bubble is about to pop. I remember too many "this time it's different" arguments during the late '90s.
Most people are out today, right?
Sadly, greviously, tragically, no.
What Calli Said. I even doubt the possibility of an early release. I may be able to finagle ice cream.
Huh. On top of finding out yesterday that a co-worker is a playwright, I found out today that another co-worker's recently deceased brother was Tyrone Davis, R&B singer with quite a few gold records (Jesse Jackson spoke at his funeral).
"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."
They've never seen the Marx Brothers movie The Cocoanuts then?
"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."
The ignorance of history in the article really, really annoys me. This hasn't just happened before -- it's happened
in Florida
before, with the great real estate boom of the 1920s. People bought plats of land sight unseen, then resold them. It was routine for a piece of property to be flipped several times in a day.
As usual, it all ended in tears.
From Tom's link
"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."
This is why I sold my back yard. I figured people would only be so insane for a limited time. If they keep it up for another year I'll sell the house.
Hee, 4 of us xposted on the same quote.
I think the bubble bursting would be nice. Since I am pretty settled in and ok with where I am, this might mean that some friends could afford to buy closer to me and that'd be awesome.
