Seattle Bubble Forum Archive

What ever happened to Chris? He cracked me up

Oh, and by the way - apparently they are also available in blue...

Damn, I was in Loyal Heights on Saturday heading to a family function when, lo and behold, there was a pony right in the middle of the road. (this was on 26th ave NW just south of 75th).

Unfortunately, it was light brown.

You know, I think you're right. As best I can tell it was RIGHT IN FRONT of this house, purchased in 2000 for $250K, with a Zillow "Make me move" price of $1,200,000.

http://www.zillow.com/HomeDetails.htm?zprop=49115967

I wonder if the appocalypse ponies are any relation?

They need a better theme song. For a while I've thought should be reworded as a tribute to the ponies. It's a long song, so I only did the first two verses and the chorus. Here goes.

-VERSE-
Buy the last tranche of a CDO
Please ignore your fears
The sound of hooves knock at your door
Look at your wife and children now
It's a home parade
For now you have got a company

-CHORUS-
The ponies are working here
Another street they ride
They have come to raise your price
Your 2 year ARM is right
With the four ponies ride
Or choose to rent for life

-VERSE-
You have been dying since the day
you saw HDTV
You know it has all been planned
The quartet of bailouts nigh
A HELOC once a HELOC twice
No need to pay back now
Cause now you have got the free ride of your life

--CHORUS--

\m/

Haha, you crack me up.

I realized just the other day that the Pink Ponies seem to be asleep at the wheel. I mean, 2 years ago when they were hard at work we never would have witnessed double digit YOY declines in median price (let alone CS prices). So, I decided to talk to a guy who knows a guy who has an in with the ponies. It turns out not all is going well for them during the global financial crisis/recession. This is a complicated story, but I'll do my best to explain.

-----------------------------------

See, during the good times, the ponies were doing well - too well. So well in fact that the NYSE trading prices on rainbows began to explode through the roof. As you can see here, while housing (green) went up, the price of rainbows increased even faster.



It soon became too expensive to purchase the rainbows required to keep propping up housing prices. The value added to each house couldn't make up for the rainbow cost. Locally, this hit home in the middle of 2007, when ponies simply could not afford to buy rainbows at any price. Those holding rainbows still contended that they were worth peak prices however, and the market essentially froze.

Until the 2nd quarter of 2008, when we saw such a pronounced decline in rainbow valuations as sellers were forced to confront the truth. While many ponies maintained their delusions, a few were forced to sell. Perhaps their health was ailing, they were getting a divorce (yes pink ponies get divorces too), or they simply had found a better gig in California where the weather is nicer. Regardless of why they sold, sell they did.



Unfortunately, the rainbow bubble (as it was now exposed) had sucked in all the ponies. Many had put their entire life savings into purchasing rainbows as it was clear prices would continue to rise forever. Clearly, the ponies were facing tough times. Further, they don't just use rainbows to magically boost the price of housing, ponies also eat of their flavorful goodness and shelter themselves under a rainbow's blissful glow each night.

Some ponies went hungry, but others turned evil


and violent.


As chaos reigned, ponies died by the thousands. And that's the story of why Pink Ponies are no longer working in concert to hold up housing prices.

.