Resonant Information - Nervous - Comments

Housing Bubble

Anonymous — Tue, 13 Sep 2005 17:35:52 -0400

Dear Bill,

It has already started here in Southern California. Large housing projects that were supposed to have now starting second phases are being canceled! This is just the beginning.

Also, do not forget with $4.00 per gallon gas fast approaching there will have to be a major pull back in other purchases and realistic commute distances will have to be recognized!

Tom

Don't do it

Anonymous — Wed, 03 Aug 2005 07:58:22 -0400

Keep renting until the bottom drops out of this thing. Any rent you pay now will be recovered many times over by the lower purchase price you will pay later when the proverbial cow manure hits the rotating blades.

People "in the know" will tell you that that will never happen. But they will be wrong. We've, never in our history, had such a large amount of real estate leverage (interest-only loans, negative amort. loans, speculative buyers) not to mention (but I will) unprecedented government and personal debt levels as well as (just reported yesterday 8/2/05) an absolute zero (zilch, nada, zip) savings rate as a collective population which happens to include 77 million baby boomers who all think they are going to sell their houses at premium prices and retire easily. Who are all the buyers going to be?

This house of cards ... this speculative bubble ... this over-inflated, totally disconnected from the fundamentals real estate market is going to crash down hard. I don't think we'll make it to Xmas. But, even if my timing is off, the outcome is certain. There's no one left to sell to at a higher price. By this time next year, I will be buying properties at 30 cents on the dollar (today's dollar). With what? With all the cash I'm saving by not buying now.

"Debt" is a 4-letter word.

Bill W.

"Go ahead, use that line of credit to vacation in the Bahamas. I'd love to own your home"

Fedex overnight isn't necessarily overnight

Zed — Thu, 24 Feb 2005 18:47:10 -0500

The package was picked up from the supplier at 4pm, arrived at the local sorting area at 11am the following morning, scheduled for delivery at 3pm. At 7pm yesterday I'd fallen asleep, and it still hadn't arrived. It finally arrived today, and the machine is back up and working again. Still, since I paid an extra $20 or so for overnight shipping, it would have been nice if it had actually arrived on time. I'm to tired to complain to FedEx, though. Maybe next time.

Replacement power supply ordered

Zed — Wed, 23 Feb 2005 00:52:30 -0500

I ordered a Enermax 600W EG701AX-VE SFMA 2.0 from Newegg, for overnight delivery. My main machine is toast until it arrives (it won't stay up more than a few minutes), so I'm working from a laptop for the time being. Annoying.

It's the power supply

Zed — Tue, 22 Feb 2005 13:57:00 -0500

It's almost certainly the power supply. It went out again during the night, and the metal of the power supply case was so hot that I almost burned myself. I think it has to do with it being a high capacity (600W) low fan speed SilenX supply. I need to hunt for a power supply with an intake on the bottom, instead of on the back. The Koolance case is just too small, and the intake vent on the SilenX supply is right next to the output vents of the RAID array.