Monday, October 29, 2007

'It's Just a Flesh Wound'

The extraordinary level of housing denial documented here in Marin has attracted the attention of at least one SoCal blogger.

Again, why do I even bother? It's fanaticism, plain and simple.


Blogger marinmaven said...

Do you think Marin IJ carries the water for the real estate interests in this county? It really seems this way.

Except for like Dick Spotwood for political news, I have found the IJ to be very fluffy newspaper.

It is getting embarrassing how the IJ is stammering and tripping over itself to avoid facing and reporting facts on the ground.

The IJ is to hard news as Bush/Cheney is to good governance.

Oct 29, 2007, 2:30:00 PM  
Blogger Marinite said...

Oh, but I gave up on the IJ long ago. Aside from being a propaganda and advertising platform for our local real estate industry, it has really become nothing more than a place to feature social events and bolster local vanity --> "look how great we are" sorts of fluff.

The IJ is useless (other than serving as easy fodder for blogs like mine of course).

You have to wonder about anyone who gets their news from the IJ.

Oct 29, 2007, 2:37:00 PM  
Blogger marinmaven said...

Check out the September 30th Readers Platform about a Bubble Blogger in Menlo Park. Many of those who poo-poo talk of a housing bubble are folks who bought way before the bubble and financed the old fashioned way.

It is interesting noticing that all the comments poo-pooing bubble bloggers are in bold and those who see that the bubble has burst is not.
You don't think they are biased, do you?

Oct 29, 2007, 4:47:00 PM  
Blogger Lisa said...

Understatement, indeed!

I really have to believe it's wrapped up in the fact that our housing here is extraordinarily expensive....take your basic $750K POS + tack on 30 years of mortgage interest, and you're on the hook for around $1.5MM. That's a lot of money. Hey, I'd be a believer, too, if I were making those payments every month -);

And the House ATM has bought lots of wonderful toys for Marin...all those beautiful kitchens with custom cabinets and the new car in the driveway.

But people will be stuck in these houses for years. I don't envy them, not one bit.

Oct 29, 2007, 7:41:00 PM  
Blogger marine_explorer said...

By now I've conceded the IJ simply writes what much of Marin wants to hear: pablum to give them warm fuzzies for their home ATM. I feel so reassured I'll just drop by the Village @ CM and drop another grand.

It appears the Black Knight has defaulted on his ARM.

Oct 29, 2007, 10:44:00 PM  
Blogger Marinite said...

It appears the Black Knight has defaulted on his ARM.,

I can never fool you.

Oct 30, 2007, 9:38:00 AM  
Blogger said...

Lenders are going to have to suck it up and bleed if necessary.

On my site, this month I have free audio files from an anonymous real estate agent who has a lot to say about Short Sales and the mess we're in.

Nov 1, 2007, 1:45:00 PM  

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