Waiting in line: That was then... This is now.
July 14, 2008 | 11:43
am
October 7, 2003, Simi Valley
In Simi Valley, in 2003, people camped out for the chance to buy a yet-unbuilt condo for about $300,000.
Photo Credit: Bob Carey, L.A.Times
July 14, 2008, Pasadena
In Pasadena today, depositors line up to take their money out of IndyMac Federal bank on its first day of operation as a federally-run bank.
Photo Credit: Al Seib, L.A. Times
Hat tip: Commenter Buz, who wrote of today's IndyMac picture, "Reminds me of the lines that used to form outside new housing developments a few years ago. People literally camped out overnight to be first in line..."
NOW IS THE TIME TO BUY!
You certainly wouldn't want any of your money sitting in one of those "Bank" things.
You see all those people in line?
They are all lined up for one thing.
TO GET CASH TO BUY REAL ESTATE!
(insert Downtown L.A. condo development ad here)
You'd better hurry down to all your bank branches and clean out your accounts post haste, or else you'll REALLY BE PRICED OUT OF THE HOUSING MARKET FOREVER.
Why do you idiot bubbleheads think that HELOCs were invented?
You can't "spend" money that you keep in a bank. Especially when it's not there when you try to pull it out, but you can spend your house (I mean hoooome) FOREVER!
Oh I know I know. You dirty renters are thinking something like,
"How will I pay my mortgage if I don't have money in the bank?"
Fret not. That is taken care of with the special "My House Pays My Mortgage (tm)" HELOC. We have a special introductory rate just for you.
So you'd better hurry up, or else you'll be begging those lucky condo owners (pictured above) for their tents after your landlord kicks you out of your scummy rental because you don't have any money in the bank to pay your rent!
Posted by: Housing Bull Chorus | July 14, 2008 at 08:13 PM
Housing Bull Chorus is either ShockG or Lefty. You are definetely a desperate RE agent. Using the same line "now is the time to buy". Get over it.
Posted by: jag | July 15, 2008 at 09:13 AM
Time to break out the SoCal Songbook. Hmm, let's see, I'm thinking a new spin on 'California Dreamin' ' or maybe 'L.A. Blues' or perhaps 'Lost In Hollywood' ... oh, perfect! ... a montage of 'To Die in L.A.', 'Desperadoes Under the Eaves', 'Los Angeles is Burning', and 'Hooray for Hollywood'!
www.latimes.com/entertainment/cl-socal-
songbook-sg,0,3931328.storygallery
Posted by: Todd in WeHo | July 15, 2008 at 09:39 AM