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Brilliant conversations I engaged in today

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Brilliant conversations I engaged in today

Unread postby RiverRat » Wed 06 Apr 2005, 17:59:57

Three different conversations I was involved with today …

1. Co-worker bragging about how he likes to plant ‘boogers’ on the walls in front of public urinals.

2. 18 year old high school drop out that is contemplating investing in real estate with ‘no money down’ … just like the guy on tv does.

3. Co-worker’s cousin that ‘pukes on demand’ to get out of work early.

Brilliant … man … is our society FUBARed

[smilie=bduh.gif]
If ...'If's' and 'But's' ... were Candy and Nuts ... we would all be happy and fat !
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Unread postby Ebyss » Wed 06 Apr 2005, 18:17:31

Well, hopefully they'll be the first into the Thermal Depolymerization Plants. Unless we can find a way to harness the energy in boogers and vomit.
We've tried nothin' and we're all out of ideas.

I am only one. I can only do what one can do. But what one can do, I will do. -- John Seymour.
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Re: Brilliant conversations I engaged in today

Unread postby some_guy282 » Wed 06 Apr 2005, 19:20:02

$this->bbcode_second_pass_quote('RiverRat', '
')2. 18 year old high school drop out that is contemplating investing in real estate with ‘no money down’ … just like the guy on tv does.
[smilie=bduh.gif]


Reminds me of something I saw on TV a week agoon MSNBC, the Suze Orman show - she gives financial advice. This 21 year old girl called in and needed advice. She was already a homeowner!! She got her house with a no money down mortgage, and was considering getting some type of "limited arm" (or something like that) loan, in which for the first 5 years her minimum monthly payment would be so low her debt would increase by 5k every year. What was she planning on doing with the extra money in the mean time? Buying a second home for investment of course!

Orman advised her not to do it, but I get the feeling there are a lot of other people around the country who are going through with such schemes without asking experts for advice...
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Unread postby DriveElectric » Wed 06 Apr 2005, 19:29:34

The worst is the 125% mortgage. Borrow 25% more than you home is worth, with the expectation that the value will grow into it.
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Unread postby PenultimateManStanding » Wed 06 Apr 2005, 19:56:49

Was it MonteQuest or Ayoob that was comparing these days to the 1920's. The resemblance is eerie.
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Unread postby RonMN » Wed 06 Apr 2005, 22:30:21

It IS getting a little strange out there...don't ya think?
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Unread postby bobaloo » Thu 07 Apr 2005, 00:24:04

I heard a commentator the other day saying that real estate had entered "a new paradigm". Flashback to 1999, profits don't mean anything with regard to stock price, we're truly screwed.
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Unread postby FoxV » Thu 07 Apr 2005, 09:11:13

$this->bbcode_second_pass_quote('bobaloo', 'I') heard a commentator the other day saying that real estate had entered "a new paradigm".


Last time I heard something like ("It looks like we can have a boom with out a bust", "Old world economics no longer apply", etc). The Dot Com's went POP Six months later. So I would take that comment as a sign that the end is coming soon.

Truth is, you can't have a boom without a bust (with PO being the mother of all booms)
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Unread postby Madpaddy » Thu 07 Apr 2005, 09:25:53

My sister in law who is still in college was telling me of her great plans to have a great job and a second house by the time she was 27. (her first house was bought using her parents as guarantor and is rented so that the mortgage is just covered). In fairness the house is worth at least 15% more than when she bought it 18 months ago. I asked her what she was going to do when she could get no job or only a low paying one when she finished college and that property prices would have collapsed in response to high interest rates and inflation. I explained PO theory to her and she grasped the concept but she left the house in a shellshocked state.

I'm just such a bastard. No wonder only my wife loves me now.
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Unread postby JohnDenver » Thu 07 Apr 2005, 09:51:39

$this->bbcode_second_pass_quote('Madpaddy', 'I') explained PO theory to her and she grasped the concept but she left the house in a shellshocked state.

I'm just such a bastard. No wonder only my wife loves me now.


LOL :lol:
I don't believe in the peak oil "disaster" we're all supposedly facing, but it is a good story! Much better than Y2K. I've used it a couple of times to spook people for fun. It works especially good on "smart" people and know-it-alls.
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Unread postby RiverRat » Thu 07 Apr 2005, 10:18:56

I saw a full page real estate add in a major Midwestern metro newspaper a few weeks ago.

It went something like this …

“Move into the home of your dream. This month only … take possession of our luxury ‘Heritage’ model for less than you currently pay for rent and virtually no money down.â€
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Unread postby PhilBiker » Thu 07 Apr 2005, 13:11:39

$this->bbcode_second_pass_quote('PenultimateManStanding', 'W')as it MonteQuest or Ayoob that was comparing these days to the 1920's. The resemblance is eerie.
It's a lot of people. I've been thinking it's like the 20s for a few years now and haven't been shy about telling people I know.
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Unread postby RiverRat » Thu 07 Apr 2005, 14:57:06

Update to stupid conversations …

Just had one with a guy that was bragging about how his neighbor can 'piss' up and over the electrical wires from the front porch of his house.

Folks … I consider myself an intelligent person and I try to surround myself with other relatively bright people …

It just seems harder and harder everyday to do it.
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