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Chimps From Dutch Lab Face Housing Crisis







Chimps From Dutch Lab Face Housing
Crisis

Chimps From Dutch Lab Face Housing
Crisis
08/20/2004 01:02 AM

Abcnews.go.com - Thu Aug 19, 09:57 pm GMT




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Chimps From Dutch Lab Face Housing Crisis

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underwater_bag.jpg image

This do-it-yourself waterproof camera enclosure is pretty involved, and isn't the sort of thing you'd want to screw up, even a little, but if you're handy with the heat gun and aren't afraid to get your handheld deburring tool with swiveling cutter a little dirty, you can take pretty much any type of camera you'd like into the drink. Of course, if they make an underwater housing for your camera, it would probably just be easier to buy that, and maybe a little more reliable. Also, just for the record, this will work with your pet turtle Sub Captain Sandy, but only for about three minutes or so.
Read [mit.edu/~tim via GeekDIY]


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  • Mercury News: As offers pour in, cutthroat market a boon for sellers. The fast-paced, competitive nature of this spring's Bay Area housing market has participants and observers alike speculating on the reasons -- particularly after three years of severe job losses.
  • The story goes on to offer all the usual reasons, such as a shortage of houses and low interest rates. But there's another very good explanation: rampant speculation of another kind, inducing panic buying like the kind that occurred in the stock market in the late 1990s. This is a bubble that will deflate eventually. It's happening elsewhere, as this NY Times story notes today. The mania will end here, too, and it'll be ugly.


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  • Mercury News (reg req): Median home prices pass half-million mark. The median price of resale houses sold in the Bay Area reached $520,000 last month -- the first time that figure has exceeded the half-million point.
  • Lunacy.


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  • Mercury News (reg req): Economy boosts valley home prices. The median price of a home in Santa Clara County reached $590,000, up 20.2 percent from May 2003, according to DataQuick Information Systems. A total of 2,149 resale houses changed hands in the county last month, a nearly 30 percent increase from a year earlier.
  • It's much more than the economy at work here. It's a mindless, dangerous bubble that shows what a short attention span human beings have when they are infected with greed and/or panic. This particular news story ends witha local public defender who found a lender that offered a "zero-down" loan -- that is, loaned the full selling price with no down payment. I can understand the borrower's motive, though I think it's an incredibly risky move, but the bank making this loan is just irresponsible. So is the real-estate industry that promotes this kind thing, but that's par for the course. Of course, the lender will now push this mortgage into the national market, offloading it to some other company. This is how we have such liquid markets, and the system was a boon in the past, greased as it has been by the likes of Freddie Mac and Fannie Mae, the giant federal home-loan operations that act as though they have the full faith and credit of the U.S. taxpayer behind them even though they do not. But it is not sustainable, yet nobody in power dares mess with this machinery. What we'll see eventually, if we don't find a way to slowly deflate this bubble, is a massive collapse of the housing market that will in turn spark a severe recession. The truly scary scenario, still not the most likely but growing in probability every day, comes when falling prices for housing lead to massive collapses in the financial industry. But if that occurs, the Fannie Maes and Freddie Macs and the money-center banks with big exposure will be considered too big to fail. We taxpayers will bail them out to the tune of several trillion dollars, an amount that'll make the S&L bailout of the 1980s seem tiny. And the only way that will work will be to re-ignite inflation on an absolutely massive scale, because the only way to make it work will be to ratchet up the money supply in unprecedented fashion. This is a bubble. It will deflate. If it doesn't deflate gently, the nation is in for the worst kind of pain.


    Pop Goes the Global Housing Bubble


    Pop Goes the Global Housing Bubble 06/17/2005 04:21 PM
    The Global Housing Price Bubble is bursting. Prices are already declining in Australia and Britain. The Economist has another story that outlines how a global bursting of this bubble could be deleterious to the world's economy. The bubble is bigger than the stock market bubble of the late 90s. Will there be a smooth landing or will spending collapse when it cannot be funded on housing price gains?

    N.Y. Officer Kills Man in Housing
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    01/24/2004 05:00 PM
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    Fire at sheltered housing complex


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    Shelter: A Quest for Non-Toxic Housing


    Shelter: A Quest for Non-Toxic Housing 03/13/2003 10:16 AM

    Housing fears over disorder bill


    Housing fears over disorder bill 06/23/2004 01:17 AM
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    Internet influence on housing confirmed


    Internet influence on housing confirmed 07/01/2004 05:25 AM
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    H2O Audio SV i700 Waterproof MP3 Housing


    H2O Audio SV i700 Waterproof MP3 Housing 09/09/2004 07:52 PM

    SVi700_sm.jpg imageAnders Steele (someone's mom had high hopes) sent me this image of the H2O Audio SV i700 MP3 player that I thought I'd pass along. H2O Audio doesn't make the MP3 player inside - that's an iRiver iFP-870 - but instead designed the waterproof housing and fully submirsible headphones. You can even use regular headphones while the unit is still inside the housing, or remove it for regular, dry land daily use. The SV i700 housing is a lot better than the earlier H2O models, if for no other reason because it's not ridiculously huge anymore.

    Look - Full Sized Image [Gizmodo]
    Read - H2O Audio SV i700 [ZDNet]

    Related
    Underwater Archive [Gizmodo]


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