Wednesday, May 06, 2009
Ludicrous Times headline
The Sun: House prices and services boost recovery hopes
Never read such an awfully obvious headline - it took the times 5 paragraphs to get to the truth!!
Posted by growler @ 11:32 AM (741 views) Add Comment
6 Comments
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1. Magnaman said...
Read the article and considered leaving a comment.....thought, whats the point, they would say that wouldn't they!!
2. Gman said...
Simply “reinflate” the worldwide housing bubble as necessary using that “brand new” mortgage product (brought to market by those “fine folks” on Wall Street) and available everywhere at any Bank or Savings & Loan of your choice beginning 1 May 2009.
Now introducing the “California Twister” — the all inclusive problem-solving* mortgage.
* Simply “import” a Japanese-style “three-generation, 100 year” mortgage with an added California twist. Financially “reengineer” it into a “four-generation, 120 year” mortgage product to be hereafter known as the “California Twister.” (An advanced financial mortgage product developed for the new century for use throughout the world). For truly stubborn existing foreclosure cases (or for those who wish to obtain home price/income ratios mortgages of at least 20:1; as in “don’t let a mere $50K annual family income prevent you from living the life you aspire to in the $1M+ home of your dreams”). Instead simply “step-up” and utilize the “ultimate” in currently available mortgage products: the “California Twister-II.” (A “five-generation, 150 year” “variant” to be shared with your children, grandchildren, great grandchildren, and great-great grandchildren). (Keeping it all in the family as a legacy mortgage; “the family that pays together, stays together” — don’t you agree?)
All worldwide housing bubble and mortgage-related problems promptly solved. That wasn’t so difficult to effect — now was it?
3. 51ck-6-51x said...
I knew some jounalists would pick up on that hugely statistically significant piece of data. The latest MoM fall was less than the previous MoM fall, so we MUST be headed for a strong recovery. What a joke!
4. 51ck-6-51x said...
journalists even.
5. growler said...
Tyeah. I commented on the thread (wasn't published yet) that these people aren't just the same ones that think prices never fall, they NEED prices to never fall as they are facing their own property oblivion. It's amazing what you can believe when your future or career depends on it.
6. symo said...
The rcovereh is here. I'll not be holding my breath though.