Tuesday, October 23, 2018 Text is available under the CC BY-SA 3.0 licence.

Michael Lewis

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Even as late as the summer of 2006, as home prices began to fall, it took a certain kind of person to see the ugly facts and react to them-to discern, in the profile of the beautiful young lady, the face of an old witch.
--
Chapter Five, Accidental Capitalists, p. 107

 
Michael Lewis

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Once in a night as black as pitch
Isabel met a wicked old witch.
the witch's face was cross and wrinkled,
The witch's gums with teeth were sprinkled.
Ho, ho, Isabel! the old witch crowed,
I'll turn you into an ugly toad!

 
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That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.

 
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"To put it in gentleman's terms if you've been out for a night and you're looking for a young lady and you pull one, some weeks they're good looking and some weeks they're not the best. Our performance today would have been not the best looking bird but at least we got her in the taxi. She wasn't the best looking lady we ended up taking home but she was very pleasant and very nice, so thanks very much, let's have a coffee"
- on the "ugly" win against Chesterfield.

 
Ian Holloway
 

Of course, not everything old is beautiful, any more than everything black, or everything white, or everything young. But the notion that old means ugly is every bit as harmful as the prejudice that black is ugly. In one way it is even more pernicious.
The notion that only what is new and young is beautiful poisons our relationship to the past and to our own future. It keeps us from understanding our roots and the greatest works of our culture and other cultures. It also makes us dread what lies ahead of us and leads many to shirk reality.

 
Walter (philosopher) Kaufmann
 

Witch, n. (1) An ugly and repulsive old woman, in a wicked league with the devil. (2) A beautiful and attractive young woman, in wickedness a league beyond the devil.

 
Ambrose Bierce
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