Dr. Seuss on the housing bubble...
 

I thought this was cute...


Have I told you the story of young Donald Day
Who blew all of his hard-earned life savings away?
He purchased a condo
And then he bought more
By the end of September young Donald owned four
?This unit?s a steal!? Donald?s Realtor said
If you don?t jump on this one you?re out of your head!
?These condos are groovy? he thought, ?I?m in heaven!?
So over the weekend, our hero bought seven
His craving for condos just couldn?t be stopped
?What bubble?? he chucked, ?has anything popped??
His bank gave him money like handing out candy
And for outbidding flippers, that cash came in handy

But even the funnest of parties must end
And such was the case for our happy young friend
Suddenly, lenders stopped pumping out money
?If this is a joke,? Donald thought,?it?s not funny.
If I cannot re-fi then what will I do
When the bills pile up and the mortgage is due?
And whom will I flip to if no one can borrow
to buy the six condos I?m closing tomorrow??

Our entrepreneur was in quite a pickle
Despite millions in ?assets? he had not a nickle
His real estate kingdom came tumbling down
like a great house of cards, then he skipped out of town
But creditors found him and hauled him to court
A grueling ordeal, I?m sad to report
The bankruptcy laws weren?t as loose as they?d been
No longer could Donald just wipe the slate clean
After twenty long years of hard work Donald paid
Enough to clean up the huge mess he had made

Today Donald Day has a regular job
And a regular life as a working class slob
But still he?s much happier now than back then
Though he still checks the classifieds now and again

Hehe. Very cute.

selling all my shit as we speak

You're wrong as the deuce
And you shouldn't rejoice
If you're calling him Seuss.
He Pronounces it Soice.

What market are you located in?

mb

That was cute :)

cute and dead-on... I keep hearing about people getting burned... I love it.

mb

:thumbsup