I was never a fan of J. Geils but I liked the women in the video. Seems so tame by today's standards. Didn't realize until I looked this morning what a low point 1981 was for music (at least by my tastes). These were my favorites from that year.
Hey nineteen
Jessie's Girl
Don't Stand So Close To Me
Every Little Thing She Does Is Magic
Leather And Lace
Stop Draggin' My Heart Around
Angel Of The Morning
I Love You
Rapture
Of course back then my hair was much longer, I drove a Turbo Trans Am (yes, with the T top) and I was partaking of the fresh quality produce from Mexico, Columbia, Thailand and Hawaii.
I, on the other hand, was toolin' around in a '70 Chevy Impala (avocado green with a white vinyl top, dudes). I wasn't a huge J Geils fan, either, although I always liked this song and have had many personal variations of it over the years ("My blood runs cold! The documents were way too old! I'm buying back a Freddie Gold, buying back a Freddie Gold").
I did also like "Angel of the Morning" and "Jesse's Girl."
We can buy if we want to
We can leave the bears behind
'Cause the bears don't own and if they don't own
Well that ain't no investment advice
We can buy where we want to
A place with a three hour drive
And we can act like we still live in the city
Try to keep up with our former lives
But, we can buy
Acheter!
We'll buy the stuff that we want to
You look good and so do I
And I can wear Armani from my head to my feet
I really need a Gucci tie
We'll drive Humvees if we want to
Nevermind the big gas bill
And we'll spend our weekends at Lowes and Whole Foods
Cause we've got a big trunk to fill
I say, we can buy, we can buy
Our finances are out of control
We can buy, we can buy
Take out another HELOC loan
We can buy, we can buy
Take another trip to France
We can buy, we can buy
We'll just have to re-fin-a-a-ance
It's the Bubble Dance
It's the Bubble Dance
It's the Bubble Dance
We'll buy two or three if we want to
There's a hundred people in line
We were told to abuse it, our LO said to do it
If the price goes up we'll be alright
I say, we can buy if we want to
We can leave the bears behind
Cause the price goes up, it always goes up
This investment has no downside
Since we're on the subject of graphics, you've got to check out CNNMoney's "That Last Dip Could Be A Doozy" where they've plotted the home prices through the years to a virtual rollercoaster ride.
Watching every flipper in the foolish buying game
On this endless suburb finally realtors know no shame
Churning and returning until appreciation slides
Watching in slow motion as the bankers turn and say:
Take that house away
Take that house away
Watching I keep waiting still anticipating cash
Never believing, never seeing the fated crash
Burning through my earnings, running to the government to hide
Watching in slow motion, I turn to mortgage holders and say:
Take their house away
Through the closings once I saw you, in time you slipped away
When the market crashed I called you, and turned to hear you say
We gambled it away, we are so afraid
Yal, while that chart looks interesting I somehow doubt it says much of anything - probably a symptom. In my opinion it reflects the underlying behavior of home prices, as they decline and lenders are less willing to take a risk.
OK, Alo. I accept your challenge. Sung to The Metro by Berlin:
The Bubble
I am broke
Sitting in an empty home
Nothing left
When they foreclosed on my loan
I was rich in equity
Now I'm lost in poverty
And Mozilo's on CNBC
Complaining about liquidity
I remember searching for the perfect house
They told me prices always go up
I remember the real estate agent smiling at me
Buying into the Bubble
She wore Chanel
Arrived in a Mercedes Benz
So well-off
She spoke of buyers on the fence
Open houses came and went
Ten or twelve a crazy blur
Of vanilla scented granite,
Welcome mats and hardwood floors.
I remember the contract wrinkled in my hand
Pre-payment penalty filled my eyes
And other language I did not understand
Buying into the Bubble
I remember trying to extract some equity
Application denied, go away
I wondered who was going to rescue me
Buying into the Bubble
I am broke
Sitting in an empty home
Nothing left
When they foreclosed on my loan
I was rich in equity
Now I'm lost in poverty
And Dodd is on CNN
Saying it is all predatory
I remember dreadful feelings coming over me
My payment doubled overnight
I had never once considered bankruptcy
Buying into the Bubble
"Fewer people can qualify for starter homes, Mr. Hovnanian said at the National Association of Home Builders' Multifamily Pillars of the Industry conference in Hollywood, Fla. For another, repeat buyers are finding fewer prospects for their houses, which they must sell before they can move, he said. But perhaps most important, the situation is having a dampening effect on the market in general. "The biggest impact is psychological," Mr. Hovnanian told the meeting. "Homebuyers were just beginning to feel good about getting back into the market" when the subprime meltdown became fodder for the media, he said. "Now they have lost their confidence."
Yep, the video is better with the sound muted. Can't remember much about the early eighties, too busy tending small children. But weren't the Osmonds and BeeGees popular then? At least you can understand the words in their songs. (one of my pet peeves)
Max, I fold -brilliant -- goes for the rest of you (SDmisfit I kept trying to queue something up to grandmaster last week but drew a big blank) Yeah it's slow -- hadda go to the park today -- before this alleged storm is set to blow in tomorrow...
Tanta and CR, can you some posts for tomorrow perchance? For us Eastern seaborders who will be socked in?
"Rachelle Resnick, 27, a San Francisco school-bus driver, counts herself fortunate to have boughtwith much help from her fathera two-bedroom house that she candidly describes as a little nothing. It cost $48,500, and she will have to spend $5,000 or so to repair termite damage. But had she waited, it almost surely would have gone higher. The house sold in June 1976 for $28,000, and has since been resold four times by four separate speculators, none of whom lived in it."
It's a crock! Not my fault!
Chinese do compete!
The system seems quite fragile
I just checked the price of meat
The Fed tried using brakes
Not one with half a brain
Seventeen times too fragile
Foreclosure caused me pain
Years go by I'm lookin' through financial magazines
And there's my home so fragile on the pages in-between
Chorus:
My friend bought gold
My condo has just been sold
My fragile home, I had to fold
Fragile home, I had to fold
My friend bought gold
My condo has just been sold
Fragile home, I had to fold
Slipped payments I confess
Was tryin' to do my very best
I was dry and turned away
Enough to make me cry
I was sayin', "Could not lose!"
Had no gas for one last cruise
That debt had hold on me
So fragile was my lie
Those soft and fuzzy landings
Too magical to touch
I lost my last construction job
Was really just too much
Chorus
It's okay, banker man
You've still got the deed to my land
I hope that when this issue's through
I can buy it back straight from you
Took my car, yes you did
You took my car and drove it
You took it to a parking lot
Auctioned off in private
That condo that I hoped to flip
All profits had just been stripped
Oh no, I can't deny it
Oh yea, a mistake to buy it!
I was never a fan of J. Geils but I liked the women in the video. Seems so tame by today's standards. Didn't realize until I looked this morning what a low point 1981 was for music (at least by my tastes). These were my favorites from that year.
Hey nineteen
Jessie's Girl
Don't Stand So Close To Me
Every Little Thing She Does Is Magic
Leather And Lace
Stop Draggin' My Heart Around
Angel Of The Morning
I Love You
Rapture
Of course back then my hair was much longer, I drove a Turbo Trans Am (yes, with the T top) and I was partaking of the fresh quality produce from Mexico, Columbia, Thailand and Hawaii.
I, on the other hand, was toolin' around in a '70 Chevy Impala (avocado green with a white vinyl top, dudes). I wasn't a huge J Geils fan, either, although I always liked this song and have had many personal variations of it over the years ("My blood runs cold! The documents were way too old! I'm buying back a Freddie Gold, buying back a Freddie Gold").
I did also like "Angel of the Morning" and "Jesse's Girl."
I hated the police. The Police, I mean.
Maybe if the Police wrote songs like this you would have been a fan.
All CBOs they sold were tragic
Every bit of equity is gone
The underwriting took some magic
And now the light bulb has come o
OK, another caffeine fueled silly Saturday morning parody. Come with me on a journey back to 2004. Remember Bubble-Mania?
Sung to the tune of Safety Dance:
Bubble Dance
We can buy if we want to
We can leave the bears behind
'Cause the bears don't own and if they don't own
Well that ain't no investment advice
We can buy where we want to
A place with a three hour drive
And we can act like we still live in the city
Try to keep up with our former lives
But, we can buy
Acheter!
We'll buy the stuff that we want to
You look good and so do I
And I can wear Armani from my head to my feet
I really need a Gucci tie
We'll drive Humvees if we want to
Nevermind the big gas bill
And we'll spend our weekends at Lowes and Whole Foods
Cause we've got a big trunk to fill
I say, we can buy, we can buy
Our finances are out of control
We can buy, we can buy
Take out another HELOC loan
We can buy, we can buy
Take another trip to France
We can buy, we can buy
We'll just have to re-fin-a-a-ance
It's the Bubble Dance
It's the Bubble Dance
It's the Bubble Dance
B-b-b-b-U-u-u-u-B-b-b-b-B-b-b-b-U-u-u-u-L-l-l-l-E-e-e-e
Bubble, Dance!
We'll buy two or three if we want to
There's a hundred people in line
We were told to abuse it, our LO said to do it
If the price goes up we'll be alright
I say, we can buy if we want to
We can leave the bears behind
Cause the price goes up, it always goes up
This investment has no downside
Is it safe to buy?
Bear - That one was great!
Since we're on the subject of graphics, you've got to check out CNNMoney's "That Last Dip Could Be A Doozy" where they've plotted the home prices through the years to a virtual rollercoaster ride.
Whoops! Bear. Where am I? I mean Max! Must still be cringing over that 80s music. Coming on the heels of the great 70s it's an abomination.
BeeGees anyone? C'mon: House Fever, House Fever -- We've all got to do it...
Finish the lines. I've got to check local listings again... Maybe a price has dropped into my range...
http://www.financialsense.com/Market/pretti/2007/images/0413.h1.jpg
droppin this bomb on Berlin:
Watching every flipper in the foolish buying game
On this endless suburb finally realtors know no shame
Churning and returning until appreciation slides
Watching in slow motion as the bankers turn and say:
Take that house away
Take that house away
Watching I keep waiting still anticipating cash
Never believing, never seeing the fated crash
Burning through my earnings, running to the government to hide
Watching in slow motion, I turn to mortgage holders and say:
Take their house away
Through the closings once I saw you, in time you slipped away
When the market crashed I called you, and turned to hear you say
We gambled it away, we are so afraid
droppin this bomb on Berlin:
Pretty good, Alo. I was always a Metro fan, but your lyrics make that song worth listening to.
Now someone needs to do "Danger Zone". Common, I know there's some Loggins fans out there. It's OK, you can come out. No one will hurt you.
Ugh! I liked some of Loggin's songs, but I thought "Danger Zone" was his Jump The Shark moment. Maaaaan, that song is repetitive.
Party at Tanta's!
You guys are good.
And now you know what my co-workers have had to put up with for all these years.
Yal, while that chart looks interesting I somehow doubt it says much of anything - probably a symptom. In my opinion it reflects the underlying behavior of home prices, as they decline and lenders are less willing to take a risk.
OK, Alo. I accept your challenge. Sung to The Metro by Berlin:
The Bubble
I am broke
Sitting in an empty home
Nothing left
When they foreclosed on my loan
I was rich in equity
Now I'm lost in poverty
And Mozilo's on CNBC
Complaining about liquidity
I remember searching for the perfect house
They told me prices always go up
I remember the real estate agent smiling at me
Buying into the Bubble
She wore Chanel
Arrived in a Mercedes Benz
So well-off
She spoke of buyers on the fence
Open houses came and went
Ten or twelve a crazy blur
Of vanilla scented granite,
Welcome mats and hardwood floors.
I remember the contract wrinkled in my hand
Pre-payment penalty filled my eyes
And other language I did not understand
Buying into the Bubble
I remember trying to extract some equity
Application denied, go away
I wondered who was going to rescue me
Buying into the Bubble
I am broke
Sitting in an empty home
Nothing left
When they foreclosed on my loan
I was rich in equity
Now I'm lost in poverty
And Dodd is on CNN
Saying it is all predatory
I remember dreadful feelings coming over me
My payment doubled overnight
I had never once considered bankruptcy
Buying into the Bubble
Grandmaster Flash and the Furious Five: The Homeowner's Message ---
Don't push me cause I'm close to the edge
I'm trying not to lose my house, ah huh-huh-huh
It's like a bubble sometimes it makes me wonder how I keep from going under
ah huh-huh-huh
say what?
It's like a bubble sometimes it makes me wonder how I keep from going under
Here's the rest of the lyrics. Don't need to change any words cause this is whats coming:
GRANDMASTER FLASH - THE MESSAGE LYRICS
Pretty dead around here today. Everybody waited 'till the last minute to do the taxes, huh?
Oh, it brings me back watching the song.
Tanta: please make sure CR read this:
The page cannot be found
Every word there counts.
Yal, I don't get to make CR do stuff. He's the Chief Blogging Officer, and I'm just the Deputy Assistant Co-Blogger.
I can't even make myself read stuff. Apparently I didn't sign my own self-discipline contract.
"Fewer people can qualify for starter homes, Mr. Hovnanian said at the National Association of Home Builders' Multifamily Pillars of the Industry conference in Hollywood, Fla. For another, repeat buyers are finding fewer prospects for their houses, which they must sell before they can move, he said. But perhaps most important, the situation is having a dampening effect on the market in general. "The biggest impact is psychological," Mr. Hovnanian told the meeting. "Homebuyers were just beginning to feel good about getting back into the market" when the subprime meltdown became fodder for the media, he said. "Now they have lost their confidence."
Mortgage Insider : The Orange County Register
Yep, the video is better with the sound muted. Can't remember much about the early eighties, too busy tending small children. But weren't the Osmonds and BeeGees popular then? At least you can understand the words in their songs. (one of my pet peeves)
Max, I fold -brilliant -- goes for the rest of you (SDmisfit I kept trying to queue something up to grandmaster last week but drew a big blank) Yeah it's slow -- hadda go to the park today -- before this alleged storm is set to blow in tomorrow...
Tanta and CR, can you some posts for tomorrow perchance? For us Eastern seaborders who will be socked in?
If this is a free speech zone, let me point you to this post, a flashback to 1977
patrick.net
which contains this paragraph
"Rachelle Resnick, 27, a San Francisco school-bus driver, counts herself fortunate to have boughtwith much help from her fathera two-bedroom house that she candidly describes as a little nothing. It cost $48,500, and she will have to spend $5,000 or so to repair termite damage. But had she waited, it almost surely would have gone higher. The house sold in June 1976 for $28,000, and has since been resold four times by four separate speculators, none of whom lived in it."
This is a test. I can't seem to post my song. Just seeing if Haloscan is acting up.
Had to Fold (Centerfold)
It's a crock! Not my fault!
Chinese do compete!
The system seems quite fragile
I just checked the price of meat
The Fed tried using brakes
Not one with half a brain
Seventeen times too fragile
Foreclosure caused me pain
Years go by I'm lookin' through financial magazines
And there's my home so fragile on the pages in-between
Chorus:
My friend bought gold
My condo has just been sold
My fragile home, I had to fold
Fragile home, I had to fold
My friend bought gold
My condo has just been sold
Fragile home, I had to fold
Slipped payments I confess
Was tryin' to do my very best
I was dry and turned away
Enough to make me cry
I was sayin', "Could not lose!"
Had no gas for one last cruise
That debt had hold on me
So fragile was my lie
Those soft and fuzzy landings
Too magical to touch
I lost my last construction job
Was really just too much
Chorus
It's okay, banker man
You've still got the deed to my land
I hope that when this issue's through
I can buy it back straight from you
Took my car, yes you did
You took my car and drove it
You took it to a parking lot
Auctioned off in private
That condo that I hoped to flip
All profits had just been stripped
Oh no, I can't deny it
Oh yea, a mistake to buy it!
Chorus
Stagflationary Mark
I like it Mark, very fitting.