I wouldn't bail out any of them. Refinance? OK, if the lendor wants, but only primary residence homes and not mandated by some executive order. Gee, that would be business as usual.
There is no bubble.
The market is fine.
Keep buying. They ain’t makin’ any more land!!!!
—booms bust—
I wanna see a train wreck in Vegas housing. I want investors, contractors and developers to get third degree burns from having bet on the Vegas and Reno markets.
Then, maybe, their rapacious lust for our water in the northern part of the state will let up.
Sam Kinison’s take on this:
“I’m like anyone else on this planet — I’m very moved by world hunger. I see the same commercials, with those little kids, starving, and very depressed. I watch those kids and I go, ‘F**k, I know the FILM crew could give this kid a sandwich!’ There’s a director five feet away going, ‘DON’T FEED HIM YET! GET THAT SANDWICH OUTTA HERE! IT DOESN’T WORK UNLESS HE LOOKS HUNGRY!!!’ But I’m not trying to make fun of world hunger. Matter of fact, I think I have the answer. You want to stop world hunger? Stop sending these people food. Don’t send these people another bite, folks. You want to send them something, you want to help? Send them U-Hauls. Send them U-Hauls, some luggage, send them a guy out there who says, ‘Hey, we been driving out here every day with your food, for, like, the last thirty or forty years, and we were driving out here today across the desert, and it occurred to us that there wouldn’t BE world hunger, if you people would LIVE WHERE THE FOOD IS! YOU LIVE IN A DESERT! YOU LIVE IN A F*****G DESERT! NOTHING GROWS OUT HERE! NOTHING’S GONNA GROW OUT HERE! YOU SEE THIS? HUH? THIS IS SAND. KNOW WHAT IT’S GONNA BE A HUNDRED YEARS FROM NOW? IT’S GONNA BE SAND! YOU LIVE IN A F*****G DESERT! GET YOUR STUFF, GET YOUR S***, WE’LL MAKE ONE TRIP, WE’LL TAKE YOU TO WHERE THE FOOD IS! WE HAVE DESERTS IN AMERICA — WE JUST DON’T LIVE IN THEM, A*****ES!”
—From an appearance on Rodney Dangerfield’s “It’s Not Easy Being Me,” 1984.