graphrix_IHB
New member
I can't believe it has been just under a year, 346 days, that I joined the IHB forums, and I have had 2000 comments or discussions started. Not all 2000 can be seen by the public, and there are many that, um... I am glad can't be seen. But, that is nearly 6 comments a day, and most are available to everyone. Hey, for every 10th comment I make <a href="http://ml-implode.com/">a lender has imploded</a>. Some were funny, some were snarky, some were serious, and some I wonder WTF I just wrote. Many of them have spelling errors, and all of them have grammar errors, but I have improved a bit over time. I have made some people laugh, but I have pissed off some too. I have educated some people, and I have learned from many. I have been over the head for some people, and many have been over my head. I have made some great friends, and coined the term debauching ass grabbery, because of some of them.
<img alt="" src="http://img110.mytextgraphics.com/photolava/2008/01/09/assgrabbery2-4940n0i62.jpeg">
<em> " Nude, don't be a hater just because I got to play ass grabbery with some of the hawt IHB girls. I know you want me to grab your sock, but I don't swing that way."</em>
<em>Nov. 29th 2007</em>
Blah, enough with the sentimental crap... here are some of my favorite highlights.
<img alt="" src="http://litterbox.zawodny.com/i/a-new-shade-of-bluechip-sm.png">
<a href="http://mortgage.freedomblogging.com/2007/05/04/new-centurys-final-days/">We saw the blue chip subprime lender New Century go BK</a>, and they went down fast and hard. Even I didn't think they would be one of the first to go. I have to say thanks, those put options soared higher, as fast as they went down.
<img alt="" src="http://ml-implode.com/img/cfs2.png">
CountryFried has been clinging for life. And, as the Tan Man sells his shares for his large family, the stock has tanked.
<img alt="" src="http://img110.mytextgraphics.com/photolava/2008/01/09/cfctank-4940oh1fa.jpeg">
I still can't get sick of the <a href="http://youtube.com/watch?v=Ubsd-tWYmZw">Suzanne video</a>.
Home sales dropped to 20 year lows, and <a href="http://lansner.freedomblogging.com/2007/10/16/uglymonth/">September saw the largest month over month</a> drop in the 20 years DataQuick has been keeping records. All the bulls could say, see... homes are still selling.
Since then, there has been about <a href="http://mortgage.freedomblogging.com/2007/12/18/foreclosures-plummet-in-oc/">12,000 NODs filed, and nearly 6000 homes taken back by the bank</a>. I thought it was contained, and the high end was immune?
<em>"<a href="http://forums.irvinehousingblog.com/discussion/346">The high end is not immune! Back to the bank for $2.3mil.</a>"</em>
I have had some fun ripping <a href="http://topics.nytimes.com/top/reference/timestopics/people/m/gretchen_morgenson/index.html">Wretched Gretchen</a> apart, <a href="http://forums.irvinehousingblog.com/discussion/128/?Focus=25770#Comment_25770">here</a>, <a href="http://forums.irvinehousingblog.com/discussion/128/?Focus=27984#Comment_27984">here</a>, and <a href="http://forums.irvinehousingblog.com/discussion/1219/?Focus=25261#Comment_25261">here</a>. Although, Tanta will always do a much better job than me.
<em>"I got about half way through this hack piece. I had to stop reading it due to the sheer ignorance of the industry, lack of fact checking and fictional sensationalism. Then, I went to Calculated Risk to find Tanta ripping apart Gretchen and her valid points that are drowning in a sea sensational ... "</em>
<a href="http://forums.irvinehousingblog.com/discussion/1074/">
We saw some nasty fires too</a>. I was really impressed with the IHBer's who came through with their donations. That night the OCR was flooded with traffic, and you couldn't even get the page loaded. Somehow, a bunch of people found their way to IHB. That night, the chat had the most people ever, and now it is rare to find anyone.
<em>" I thank all of you who have donated and I am happy to tell you that we have reached the goal of 10 people."</em>
<a href="http://forums.irvinehousingblog.com/discussion/991/">
I wasn't too happy with the idea of a housing Czar</a>.
<em>"Hey I hear the guy who was in charge of FEMA Michael Brown is available. Oh wait we can't blame him for being too slow since the government has already been behind the ball on this one. Yes let's create another agency that won't communicate with other agencies, that we pay for, that won't fix anything because a "czar" or "king" or what ever the eff you want to call it can't fix it. It's called economics stupid!"
<a href="http://forums.irvinehousingblog.com/discussion/748/">
</a></em><a href="[removed]void(0);/*1199848741348*/">I have been outed for a twistys challenge</a>.
<em>"List your mods."
</em><a href="http://forums.irvinehousingblog.com/discussion/702/?Focus=11523#Comment_11523">I always love the Buffett rumors</a>.
<em>"I heard Buffett is buying IHB!</em>"
It really amazes me to look back, and read some of the bullish comments, and how <a href="http://forums.irvinehousingblog.com/discussion/71/?Focus=686#Comment_686">they were so wrong</a>.
<em>"Next the 2nd half of the year 2006 B - or subprime grade is down about 700 BPS in one month and all the other B subprime grade MBS are down 200-500 BPS as well. This means that the buyers of MBS don't want them unless they are getting a better investment with either better quality loans or higher interest rates. Either way the borrower who got what he has now two years ago will not get anything near that today. Provided the borrowers situation hasn't changed or it could be better or worse. Now we have the crunch that irvinerenter is talking about when the resets hit and on subprime loans that means their rate will jump by 5% or more. What can the Fed do to help this situation? Lower rates? If the investment isn't going to be profitable then investors will not buy it."</em>
<a href="http://forums.irvinehousingblog.com/discussion/62/?Focus=443#Comment_443">
And. my first post gave some great tips on buying a new home</a>.
<em>"#1 Do not buy from a builder with low JD Power scores! They do not care about them, they don't care about you and there is no incentive for them to care about the scores. So there is no incentive (bonus) to care about you or the thin moldy walled, electrical nightmare, flood causing too small plumbing, leaky roof crackerbox that you bought. Buy from the ones who have high JD Power scores! This means they care about them and that you will give them the highest score because bonuses depend on it."
</em>It was fun digging up some of the old posts. If you are new member, I recommend that you do a search or go way back. Some of it was right, some of it was wrong, and some of it wasn't pessimistic enough. All in all, IHB has been great, and I look forward to what another 2000 posts will bring.
So... you will have to excuse me, I need to get going...
<img alt="" src="http://farm2.static.flickr.com/1292/544363382_ef07d87743.jpg?v=0">
<img alt="" src="http://img110.mytextgraphics.com/photolava/2008/01/09/assgrabbery2-4940n0i62.jpeg">
<em> " Nude, don't be a hater just because I got to play ass grabbery with some of the hawt IHB girls. I know you want me to grab your sock, but I don't swing that way."</em>
<em>Nov. 29th 2007</em>
Blah, enough with the sentimental crap... here are some of my favorite highlights.
<img alt="" src="http://litterbox.zawodny.com/i/a-new-shade-of-bluechip-sm.png">
<a href="http://mortgage.freedomblogging.com/2007/05/04/new-centurys-final-days/">We saw the blue chip subprime lender New Century go BK</a>, and they went down fast and hard. Even I didn't think they would be one of the first to go. I have to say thanks, those put options soared higher, as fast as they went down.
<img alt="" src="http://ml-implode.com/img/cfs2.png">
CountryFried has been clinging for life. And, as the Tan Man sells his shares for his large family, the stock has tanked.
<img alt="" src="http://img110.mytextgraphics.com/photolava/2008/01/09/cfctank-4940oh1fa.jpeg">
I still can't get sick of the <a href="http://youtube.com/watch?v=Ubsd-tWYmZw">Suzanne video</a>.
Home sales dropped to 20 year lows, and <a href="http://lansner.freedomblogging.com/2007/10/16/uglymonth/">September saw the largest month over month</a> drop in the 20 years DataQuick has been keeping records. All the bulls could say, see... homes are still selling.
Since then, there has been about <a href="http://mortgage.freedomblogging.com/2007/12/18/foreclosures-plummet-in-oc/">12,000 NODs filed, and nearly 6000 homes taken back by the bank</a>. I thought it was contained, and the high end was immune?
<em>"<a href="http://forums.irvinehousingblog.com/discussion/346">The high end is not immune! Back to the bank for $2.3mil.</a>"</em>
I have had some fun ripping <a href="http://topics.nytimes.com/top/reference/timestopics/people/m/gretchen_morgenson/index.html">Wretched Gretchen</a> apart, <a href="http://forums.irvinehousingblog.com/discussion/128/?Focus=25770#Comment_25770">here</a>, <a href="http://forums.irvinehousingblog.com/discussion/128/?Focus=27984#Comment_27984">here</a>, and <a href="http://forums.irvinehousingblog.com/discussion/1219/?Focus=25261#Comment_25261">here</a>. Although, Tanta will always do a much better job than me.
<em>"I got about half way through this hack piece. I had to stop reading it due to the sheer ignorance of the industry, lack of fact checking and fictional sensationalism. Then, I went to Calculated Risk to find Tanta ripping apart Gretchen and her valid points that are drowning in a sea sensational ... "</em>
<a href="http://forums.irvinehousingblog.com/discussion/1074/">
We saw some nasty fires too</a>. I was really impressed with the IHBer's who came through with their donations. That night the OCR was flooded with traffic, and you couldn't even get the page loaded. Somehow, a bunch of people found their way to IHB. That night, the chat had the most people ever, and now it is rare to find anyone.
<em>" I thank all of you who have donated and I am happy to tell you that we have reached the goal of 10 people."</em>
<a href="http://forums.irvinehousingblog.com/discussion/991/">
I wasn't too happy with the idea of a housing Czar</a>.
<em>"Hey I hear the guy who was in charge of FEMA Michael Brown is available. Oh wait we can't blame him for being too slow since the government has already been behind the ball on this one. Yes let's create another agency that won't communicate with other agencies, that we pay for, that won't fix anything because a "czar" or "king" or what ever the eff you want to call it can't fix it. It's called economics stupid!"
<a href="http://forums.irvinehousingblog.com/discussion/748/">
</a></em><a href="[removed]void(0);/*1199848741348*/">I have been outed for a twistys challenge</a>.
<em>"List your mods."
</em><a href="http://forums.irvinehousingblog.com/discussion/702/?Focus=11523#Comment_11523">I always love the Buffett rumors</a>.
<em>"I heard Buffett is buying IHB!</em>"
It really amazes me to look back, and read some of the bullish comments, and how <a href="http://forums.irvinehousingblog.com/discussion/71/?Focus=686#Comment_686">they were so wrong</a>.
<em>"Next the 2nd half of the year 2006 B - or subprime grade is down about 700 BPS in one month and all the other B subprime grade MBS are down 200-500 BPS as well. This means that the buyers of MBS don't want them unless they are getting a better investment with either better quality loans or higher interest rates. Either way the borrower who got what he has now two years ago will not get anything near that today. Provided the borrowers situation hasn't changed or it could be better or worse. Now we have the crunch that irvinerenter is talking about when the resets hit and on subprime loans that means their rate will jump by 5% or more. What can the Fed do to help this situation? Lower rates? If the investment isn't going to be profitable then investors will not buy it."</em>
<a href="http://forums.irvinehousingblog.com/discussion/62/?Focus=443#Comment_443">
And. my first post gave some great tips on buying a new home</a>.
<em>"#1 Do not buy from a builder with low JD Power scores! They do not care about them, they don't care about you and there is no incentive for them to care about the scores. So there is no incentive (bonus) to care about you or the thin moldy walled, electrical nightmare, flood causing too small plumbing, leaky roof crackerbox that you bought. Buy from the ones who have high JD Power scores! This means they care about them and that you will give them the highest score because bonuses depend on it."
</em>It was fun digging up some of the old posts. If you are new member, I recommend that you do a search or go way back. Some of it was right, some of it was wrong, and some of it wasn't pessimistic enough. All in all, IHB has been great, and I look forward to what another 2000 posts will bring.
So... you will have to excuse me, I need to get going...
<img alt="" src="http://farm2.static.flickr.com/1292/544363382_ef07d87743.jpg?v=0">
