Home-Buying Up Among Lame-O's

Top Headlines

Recent News

Where Your Political Donation Goes

With over $1 billion spent in the 2016 presidential race alone, campaign donations continue to cause much controversy and even confusion for their role in shaping politics. Here is a step-by-step guide to how the average American’s political donation travels through a campaign

Roommate Skulking Around Edge Of Party Like Victorian Ghost Child

SEATTLE—Appearing initially in the far corner of the living room and then several minutes later on the threshold between the kitchen and the hallway, local roommate Kelsey Stahl was, by multiple accounts, seen skulking around the edge of a house party Friday like a Victorian ghost child.

Fact-Checking The Third Presidential Debate

Presidential nominees Hillary Clinton and Donald Trump sparred over subjects including foreign policy, the economy, and their fitness to hold the nation’s highest office in the final debate Wednesday. The Onion examines the validity of their assertions

Man Praying Interviewer Doesn’t Ask Any Questions

MINNEAPOLIS—His mouth going dry and his palms growing sweaty as he arrived at the offices of Regent Advertising Partners to interview for an open account manager position, local man Devin McKee reportedly prayed Thursday that the hiring manager wouldn’t ask him any questions during their meeting.

Origins Of Popular Slang Terms

As the internet helps push new words and expressions into common usage, many may wonder where our most ubiquitous idioms come from. Here are the origins of some popular slang terms and phrases

Intergalactic Law Enforcement Officers Place Energy Shackles On Hillary Clinton

PARADISE, NV—Materializing through a dimensional portal in front of a stunned audience at the University of Nevada, Las Vegas, intergalactic law enforcement officers reportedly appeared onstage during Wednesday night’s presidential debate and placed a pair of glowing blue energy shackles on Democratic nominee Hillary Clinton.

Man Had No Idea Cough Was Going To Be Wet One

MUSKEGON, MI—Caught completely off guard by the viscous lump of sputum that was dislodged and sent rocketing upward from his lower respiratory tract, area man Luke Reese confirmed Wednesday he had no idea his impending cough was going to be a wet one.
End Of Section
  • More News
Up Next

Home-Buying Up Among Lame-O's

WASHINGTON, DC—In the first quarter of 2002, sales of new U.S. homes rose 5.3 percent among Dockers-wearing, Pictionary-playing lame-o's, the Commerce Department reported Monday.

Lame-o's Ken and Caryn Worth, neither of whom enjoy attending rock concerts, purchase their dream home in Arlington, VA.

"This is encouraging news for the U.S. economy," Commerce Secretary Don Evans said. "For three straight months, home-buying statistics have been robust, with March housing starts peaking at a seasonally adjusted rate of 1.66 million units. Mr. and Mrs. Suburban Dork are scooping up houses like there's no tomorrow."

Though housing-industry analysts can't understand why any thinking person would want to be saddled with a hefty mortgage and consign themselves to a depressing, isolated whitebread existence, they say falling interest rates represent the primary reason for the surge. The Federal Reserve, which has repeatedly cut interest rates in an effort to slow down the recession and stimulate consumer spending, took pains to distance itself from the trend.

"The Federal Reserve Board may have stimulated home-buying with its interest-rate cuts," Federal Reserve Chairman Alan Greenspan said. "But that doesn't mean any of us would ever want to live in a split-level ranch in some soulless gated community near Phoenix, where we'll obsess over golf and property values. Promise you'll shoot me if it ever comes to that."

According to Kiplinger's senior writer Peter Akkaf, in addition to buying more homes, lame-o's are refinancing existing mortgages to take advantage of lower rates.

"Lame-o's across the country are making appointments at financial institutions to ask men in ugly neckties and women with hairstyles 10 years out of style to adjust their mortgages to a slightly more favorable rate," Akkaf said. "When that's done, they return to their homes, where they stare at their $12.99 Monet prints from Target and listen to Andrea Bocelli on their mini-stereos. What kind of life is that?"

Asked if the recent warm temperatures could have goosed the market, National Realtors' Board president Maggie Zadora rolled her eyes.

Graph of US home buyers with lame-os, non lame-os; the lame-os are up.

"God, if that's true, that's sad," Zadora said. "It's like, 'Ooh, Mary, it's 10 degrees warmer outside! Instead of going out and doing something fun or creative, let's all pile into the minivan and search for the bland colonial of our dreams!'"

Alan and Laurie Butterfield of Glen Burnie, MD, are among the many lame-o's to take advantage of the favorable buying conditions. Last month, they purchased their first home, a three-bedroom split-level in a featureless suburban subdivision near Baltimore.

"We'd rented for so long, we figured we probably could have paid off half a mortgage by now," said Laurie, 33, who hasn't been out on a Saturday night in months. "So with the interest rates down and both of us working steadily, this seemed like the perfect time to get a house."

"With a child on the way, we wanted to move to someplace with a lot more space and good public schools," said Alan, 34, sporting a tucked-in polo shirt embroidered with his company's logo. "It's also a good investment. Our neighborhood didn't even exist 10 years ago, and already the housing values have increased by one-third from their 1996 estimates."

The Butterfields' decision impressed Money columnist William Ross.

"Very smart move, Alan and Laurie," said Ross, facetiously tapping his temple. "Thanks to your tremendous savvy and financial acumen, you now have a brand-new place to hang your wind sock. Fabulous. Have fun being chained to a mortgage for the next 30 years."

Housing-industry experts say the surge in home buying indicates increased confidence in the U.S. economy on the part of lame-o's.

"Purchasing a home is not the act of a pessimist," said Frank Nothaft, chief economist at Freddie Mac. "But it is the act of a dweeb. Sure, renting costs more over time than owning, but do you want to spend your weekends cleaning out leaf gutters and fixing the garage-door opener, or do you want to be happy? Life is way too short, people. Loosen up."


Sign up For The Onion's Newsletter

Give your spam filter something to do.

X Close