Time for Bubble Bingo!
Welcome to Orange County Bubblicious Bingo! Created by our blogging buddy, OC_FlipTrack, this nifty little matrix captures a lot of the phrases and advice that we've been hearing from people in the 'know' regarding the housing market in Orange County. Grab the PDF (bubble_bingo2.pdf), print it out, and hang it in your cube!
I was informed that the Irvine is truly different while at a party over the weekend. A homeowner friend suggested that we buy before the end of the year.
My friend says he’s been lived in Irvine for years - he believes it is immune to a bubble. I don’t know, perhaps he was drunk during the 90’s, though that would have to apply to a lot of the housing bulls I know - selective memory perhaps.
Yes, socializing can be particularly painful when certain topics arise. I’m careful with my bearish housing remarks in social situations - I’ve had one too many evil looks from otherwise good friends. But, they still feel free to hound me about buying now or being “priced out forever.”
I love it. I read the OC register over the weekend and it is like the housing information is so bad now they can’t ignore it. So now they have the new tactic to report the current information as though it is past us. I can’t believe people actually fall for this type of reporting. This blog is so great at showing us what the truth is. The “scams” that have been uncovered here should get a pulitzer price, reporters should get recognized for how truthful their publications are, not how creative they are with their ability to spin the truth.
That interview on Lansner’s blog with Ms Mamet from John Laing homes inspired me to create this. I keep hearing the same old permabull phrases getting tossed around and I thought “boy, if only I could play BS bingo right about now.”
Time to start filling up my card!
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