THE BASIS POINT

New Year’s Resolution: Buy A Home, Pass Out There

 

Back in 2005 when The Onion first came to San Francisco, I did a year-long advertising campaign along with one of my realtors. I wrote the ads in a style that fits their humor. Just came across this one, and it still made me laugh. As the year goes on, I may post more of this series.

 

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Comments [ 3 ]
  1. Dennis The Menace says:
    January 11, 2012 at 2:28 am

    It is amazing to view this whole housing bubble in hindsight. When their is a feeling of euphoria and excitement about something everybody gets caught up in it. Nobody in the bubble ever believes it will ever end but it will’ This over confidence than causes the bubble to get bigger and bigger all the time until it bursts of its own weight.

    Reply
  2. Dennis The Menace says:
    February 2, 2012 at 3:19 am

    I would have to agree with the post its a great time for young people to buy a home simply because their are so many places in the country where home prices have become attractive. Thirty year fixed rate mortgage rates are now under four percent. I can remember years back when housing was king long before the housing bust. Everybody had the expection that home prices would always increase. Even myself as far as that go’s almost believed in this fairy tale. And it was just that a fairy tale as long as it lasted. I don’t have the data in front of me but I think their was only one or two years from 1945 to the early 2000’s that national home prices declined. Their were pockets of weakness in texas during the oil bust of the 1980’s but over all prices increased steadly from 1945 to about 2006. One giant bubble

    Reply
  3. Dennis The Menace says:
    February 2, 2012 at 3:19 am

    I would have to agree with the post its a great time for young people to buy a home simply because their are so many places in the country where home prices have become attractive. Thirty year fixed rate mortgage rates are now under four percent. I can remember years back when housing was king long before the housing bust. Everybody had the expection that home prices would always increase. Even myself as far as that go’s almost believed in this fairy tale. And it was just that a fairy tale as long as it lasted. I don’t have the data in front of me but I think their was only one or two years from 1945 to the early 2000’s that national home prices declined. Their were pockets of weakness in texas during the oil bust of the 1980’s but over all prices increased steadly from 1945 to about 2006. One giant bubble

    Reply

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