patrick.net

http://www.usatoday.com/money/economy/housing/story/2012-04-03/us-homes-lure-chinese-buyers/53977638/1?AID=4992781&PID=4166869&SID=1ti0x2cqzonm1

Right there it is, in black and white. We're seeing it in Danville now.

fizbin says

I don't know why anybody would want Cupertino Schools.

Then you must not work in a tech department in S.V.

B.A.C.A.H. says

fizbin says

I don't know why anybody would want Cupertino Schools.

Then you must not work in a tech department in S.V.

LOL

Sad but true. I have, on a couple of occasions now, heard some of my Indian coworkers bragging about how they bought in Cupertino and the whole discussion centers on the schools and which Ivy League they want their 4th graders to go to. My god, it should be a crime to rob a child of their childhood like that. But hey, gotta chase that money & "prestige!" Then again, that's better than the white parents that name their kids things like Braden, let them dress androgynously and pay $40k/yr to study Creative Writing.

rootvg says

Right there it is, in black and white. We're seeing it in Danville now.

Although I think that a lot of this "immigrants are swarming here" stuff is just a scare tactic, I do get a little concerned about it. I don't give a damn what color my neighbors are, but I do worry about massive numbers of wealthy Chinese people bringing their nasty culture over here. Not Chinese culture, but WEALTHY Chinese culture. There is only one way to get rich over there, and it isn't pretty. Those are also the people that can afford to move here, and the thought of them moving here en masse is a bit disturbing. People here rightfully complain about our political & business leaders behaving immorally, but the people that strike it rich over there are on a whole different level. Again though, I don't think that enough of them are coming here to really "ruin" us or anything. It seems more like NAr scare tactics & a talking point.

50% Chinese want to come to US.
That is 500 million people.
US only has 300 million people.

I expect US house price and RENT to triple.
Can you afford 300% rent increase?

You really think US immigration policy will allow half a billion chinese people to immigrate to the US?
Rent will rise with inflation. Inflation is not going to rise 300%.

The realtor for the people who sold our house to us said if there's a deal where the other side is Chinese, she'll simply not get involved. They can't be trusted. When they agree to something, it's meaningless. They'll wait until the last minute and attempt to change the deal. When you object, they throw some politically correct bullshit in your face and call you a racist.

Mind fog, shades of gray, everything's a puzzle...to hell with them. There's enough other stuff to go around.

B.A.C.A.H. says

Then you must not work in a tech department in S.V.

rowemoore says

rootvg says

When you object, they throw some politically correct bullshit in your face and call you a racist.

So? They call you a racist and you clearly are a racist so what is your problem?

I'm here and I'm staying here and I'm not going to change and that's it.

Everything I've said is true. I see it on a daily basis.

It's not the United States of San Francisco!

rootvg says

rowemoore says

rootvg says

When you object, they throw some politically correct bullshit in your face and call you a racist.

So? They call you a racist and you clearly are a racist so what is your problem?

I'm here and I'm staying here and I'm not going to change and that's it.

I get what you are saying: "We're here! We're queer! Get used to it."

robertoaribas says

my agency opts out of redfin and zillow, and I detest it when buyers call saying "I found a home on redfin or zillow" invariably, that home sold 3 months ago, but those stupid sites have it as active...

From my understanding majority of listings don't make it to redfin/trulia.

hanera says

Advertised price = Invitation to treat, is not an offer to sell at that price.

Legally, an advertised price is definitely an offer to sell under most conditions.

* toasters

* stocks

* cars

Why should real estate be any different?

Because toasters, cars and shares are exact copies sold by millions. Each house seller has one, unique and individual house to sell. Even if mls listing was a promise to sell at the list price, how would you handle more than one buyer for the same property? And, even if a seller had only one offer at full price, they might still not like contingencies.

You say their houses are unique. Really?

rowemoore says

robertoaribas says

Homes are anything but commodities, each and every one is different

That picture looks like a large apartment complex, but with better heat transfer between the inside and outside air. More surface area.

Good for the utility companies. Cha ching!

Advertising a home is not an offer for a very simple legal reasons:

Statute of frauds. Land (any amount)and goods over a certain amount $500 must be in writing with consideration.

There is no element of an offer, it doesn't address who it is offered to, terms beyond price and timing. In a nutshell, it has none of the element of a legal binding offer. With a toaster, there is an implied offer that anyone can buy if it is available, and it is settled immediately. With land, nothing can be implied.

Hope that ends this useless discussion.

Daytona says

Advertising a home is not an offer for a very simple legal reasons:

Statute of frauds. Land (any amount)and goods over a certain amount $500 must be in writing with consideration.

Hope that ends this useless discussion.

Thank your for you eloquent and simple explanation.

But I wouldn't count on it ending the silly discussion. The discussion seems to be propagated by those who have a lot of ego invested in the belief that they are smarter (and probably better looking) than those stupid, gullible idiots who bid on a house not because they use a set of reasonable assumptions that differ from theirs (eg house prices and rents will rise with inflation and that inflation may even accelerate over the next 20 years).

I did get a laugh out of "their" proposal that all bids at the list price must be accepted. Of course the implication of this would be that instantly all list prices would jump by 20% over any kind of anticipated market price to guarantee that the owner didn't get forced into leaving a big pile of cash on the table.....

Everyone is holding out thinking the Facebook IPO will bring in a bunch of high bidders. When it doesn't, the area will suffer another crash.

rootvg says

So, when the opportunity came to move here we accepted it. We made it work even if the politics don't always fit us but we're also not going to deviate from the value set we acquired so many years ago in a place that's far away. Two and two are still four. If someone asks you a question, you look them in the eye and you answer it. Don't buy things you can't afford. God made Adam for Eve, not for Steve...and there's not a damn thing anyone can do about it.

Hmmm, 2+2=4 but in your world did dinosaurs co-exist with humans? Seriously, I'd like to know.

DukeLaw says

rootvg says

So, when the opportunity came to move here we accepted it. We made it work even if the politics don't always fit us but we're also not going to deviate from the value set we acquired so many years ago in a place that's far away. Two and two are still four. If someone asks you a question, you look them in the eye and you answer it. Don't buy things you can't afford. God made Adam for Eve, not for Steve...and there's not a damn thing anyone can do about it.

Hmmm, 2+2=4 but in your world did dinosaurs co-exist with humans? Seriously, I'd like to know.

I lived in Dallas for almost a decade and people there (regardless of socioeconomic standing) do not act this way. We lived in Ohio for thirty years and people there (again, socioeconomic status notwithstanding) don't act like this. I don't give a damn how many letters are behind your name or what you paid for your house or how intelligent someone says you are because you went to a certain school.

There's too much money here in the wrong hands. That's why the residential property market is the way it is. That's why there's a high concentration of influence among people who anywhere else would be selling clothes or serving food.

I've said it a million times and I'll say it again. There are 55 Electoral votes here and that's a lot, the largest number of all the states. But guess what else? It ain't the United States of San Francisco. It's not even the United States of California...and that means you and others like you don't get to redefine reality or spit in the face of God. You just DON'T.

We like living here. We like the climate, love the food and wine (was never so much into that but give me time) and the higher standard of living but NONE of that gives anyone the right to redefine reality or spit in the face of God!

rootvg says

It's not even the United States of California...and that means you and others like you don't get to redefine reality or spit in the face of God. You just DON'T.

I asked a simple question. Give me a yes or no answer. Do you believe that dinosaurs co-existed with human beings?

PS I'm not spitting in the face of God. In fact, I took divinity classes at Duke (so you shouldn't stereotype either).

And you seem to be quite firm that your "reality" is the only one (so who really is trying to impose their values on others??)

DukeLaw says

2+2=4 but in your world did dinosaurs co-exist with humans?

Does it really matter? At the end of the day, his view will still be intolerant and and that of a bigot.

Typically folks of this ilk are hypocrites, too. For example, they will make a huge deal out of homosexuality but be entirely accepting of their divorced friends or may even be divorced themselves even though the gospel view rejecting divorce for any reason accept infidelity of the spouse is clear cut. And once divorced, you don't get to remarry! Need a constitutional amendment for that. Oh and then what of those who get divorced and later remarry after an intervening marriage. According to Deuteronomy that would be "detestable in the eyes of the lord". Need a constitutional amendment for that one, too.

rootvg, would you care if lesbians moved in next door or is it just gay men you have a problem with?

DukeLaw says

And you seem to be quite firm that your "reality" is the only one

Are you suggesting different "realities" for different people?

I thought we were all living in the same universe. But then again, what do I know.

Hey rootvg:

1sfrenter says

or is it just gay men you have a problem with?

Recent study says buddy !

http://www.huffingtonpost.com/2012/04/09/homophobia-homosexuality-gay_n_1412846.html

I just don't understand why people caught in bestiality haven't formed their own groups yet. They should coin the term "bestaphobia." They'd get pretty far with it.

After all, if you think bestiality is unnatural, you "obviously" are a victim of bad parenting or have deeply-repressed sexual desires for animals.

wthrfrk80 says

I just don't understand why people caught in bestiality haven't formed their own groups yet. They should coin the term "bestaphobia." They'd get pretty far with it.

After all, if you think bestiality is unnatural, you "obviously" are a victim of bad parenting or have deeply-repressed sexual desires for animals.

No, you are not a victim of bad parenting because you think bestiality is unnatural, rather you "obviously" are a victim of bad parenting because you are not able to distinguish the difference between the rape of an innocent animal by a human being and a loving consensual relationship between two adults (who happen to be of the same gender).

fizbin says

No, you are not a victim of bad parenting because you think bestiality is unnatural, rather you "obviously" are a victim of bad parenting because you are not able to distinguish the difference between the rape of an innocent animal by a human being and a loving consensual relationship between two adults (who happen to be of the same gender).

So you're saying if somehow an animal could "consent", you wouldn't have a problem with bestiality?

This is ridiculus.

I think anyone this filled with hate regardless of whether it is against gays, blacks, jews, latinos, illegal immigrants is 'obviously' mentally ill or possessed by evil spirits.

wthrfrk80 says

So you're saying if somehow an animal could "consent", you wouldn't have a problem with bestiality?

Way to find the strawman question in that statement.....

As for rootvg's "reality", that's why I put in parentheses. You can put up a museum to creationism and pretend it's real. I don't have to accept it.

wthrfrk80 says

So you're saying if somehow an animal could "consent", you wouldn't have a problem with bestiality?

You know what? If you really want to fuck Mr. Ed (and he agrees with it in his own voice), then I actually have no problem with it, but let's just remind ourselves that you're the one that having found a talking animal, the most important thing on your mind is whether you can fuck it or not.

fizbin says

wthrfrk80 says

So you're saying if somehow an animal could "consent", you wouldn't have a problem with bestiality?

You know what? If you really want to fuck Mr. Ed (and he agrees with it in his own voice), then I actually have no problem with it, but let's just remind ourselves that you're the one that having found a talking animal, the most important thing on your mind is whether you can fuck it or not.

Oooooooooh, Wilbur...

David9 says

This is ridiculus.

I think anyone this filled with hate regardless of whether it is against gays, blacks, jews, latinos, illegal immigrants is 'obviously' mentally ill or possessed by evil spirits.

Well, or just stupid.

I lump religious fanatics (true believers) with bigots; it's most certainly their right to think that way but it doesn't change the fact that they're probably just stupid.

I mean really? Who cares if two guys (or girls) want to be with each other, whatever makes them happy; as long as they aren't hurting other people. Jesus, the son of a god that died for a sins? Really? That's believable? It's amazing that people even still think this way, but some areas of the country (and the world for that matter) just progress a little slower than the rest of us.

required watching by some here:

http://www.youtube.com/embed/FSQQK2Vuf9Q

Who is filled with hate? I don't understand.

CrazyMan says

It's amazing that people even still think this way, but some areas of the country (and the world for that matter) just progress a little slower than the rest of us

marx wrote "it(religion) is the opium of the people" in 1843. still just as true today 169 years later. we have a long ways to go.

wthrfrk80 says

Who is filled with hate? I don't understand.

That's the first thing these people want to have you learn when you move here. Anyone who doesn't agree with the politically correct social agenda or who has standards is a hater. Anyone who wakes up on Sunday morning and goes to Mass is a hater. Anyone who voted for Prop 8 in California is a hater.

I don't buy it. I never did and I never will. If they want to be chronic rebels, that's fine. It's stupid and childish and counter productive but it's their business...until they make it MY business or until they start corrupting our institutions (which they're dying to do, that's part of the whole rebellion thing) or system of public education.

I spoke with a realtor in a fortress today, and she said the sellers are starting to take notice. She expects (perhaps hopes) the inventory to increase dramatically this summer/fall.

rootvg says

wthrfrk80 says

Who is filled with hate? I don't understand.

That's the first thing these people want to have you learn when you move here. Anyone who doesn't agree with the politically correct social agenda or who has standards is a hater. Anyone who wakes up on Sunday morning and goes to Mass is a hater. Anyone who voted for Prop 8 in California is a hater.

I don't buy it. I never did and I never will. If they want to be chronic rebels, that's fine. It's stupid and childish and counter productive but it's their business...until they make it MY business or until they start corrupting our institutions (which they're dying to do, that's part of the whole rebellion thing) or system of public education.

Is corrupting the system of public education the part where you want to teach the Bible in school? Again, I still don't have your answer on dinosaurs co-existing with humans. I'd just like to know where you're coming from (since you seem so free to express views on everything else).

People, it's EXTREMELY simple. There is only one question you need to ask yourself to answer the "should I buy now" question. Here it is:

Do you believe that the recession is over and the economy will grow from here?

If you answer yes, then you should buy a house as employment and wages will grow from here and house prices will stabilize and rise.

If you answer no, if you think the recession is not over and that the economy could falter from here then you should NOT buy a house. As someone up-thread mentioned, banks are being more picky today so potential borrowers must have real income in order to get a loan. If employment and wages drop from here then house prices WILL fall as people won't have the money to buy them.