Jonathan ,'Touched'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
"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.
Sooo happy to be renting right now.
I saw that article, Tom. I am hoping the bubble pops soon enough for me to actually buy something someday, but not at the same time as the currency crashes, because you still have to have money to buy a house.
The Economist (I think) ran an article recently saying that if you run the numbers, in several metro areas anyway, you're actually better off long term renting than owning right now.
Now I'm really, really hoping the sale of my house goes through.
Did anybody have Prince Rainier in Deathpool? [link]
Lunch has arrived! My desk will survive for me to beat my against another day.
bon bon - that is hilarious. I like that so much more that the flash mob trend from a few years ago.