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View Diary: Dear Businessweek: What. The. Hell. (151 comments)

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  •  I don't watch CNBC, but seriously, I don't know (3+ / 0-)
    Recommended by:
    zenyata, milton333, WheninRome

    any regular, ordinary person who has bought or sold a house for a long, long time.  The "real" people I know are frozen in place, hoping they can weather this market.  Or they are renters again, after losing their homes.  

    The well-to-do people I know?  Never better.  Wheeling and dealing like yesterday never happened.  

    BTW I love, love, LOVE the idea of "infestors" and I am stealing it to add to the word "bankster."  "Infestment Bankster."  Nice ring to that.

    Metaphors be with you.

    by koosah on Thu Feb 28, 2013 at 12:14:53 PM PST

    [ Parent ]

    •  Yep - same thing for me (2+ / 0-)
      Recommended by:
      koosah, WheninRome

      And really, regarding selling a house, back when I was younger, apart from perhaps military families or other unusual circumstances, selling a house was virtually unheard of in the neighborhood / town I grew up in - if someone moved out or new people moved in - well that was a true EVENT.  Over the past decade though I've met multiple people under 40 who have bought and sold two to four times.  The whole process is such a pain in the a$$ that there's no way people would be doing this so many times in such a short period unless there was some "too good to be true" element to it.  And none of these wanna be wheeler dealers really appear to have made out in the end.  Sell for a big "profit" - buy a bigger lifestyle as a replacement.  Rinse.  Repeat.

      Infestor is one of my favorite terms to come from the housing bubble - another one that I LOVE is "equity locusts" - devouring / speculating on any property in their path - and leaving nothing but destruction in their wake.  I came up with neither of these terms - but I have borrowed them liberally :)

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