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Darrell In Phoenix says

And here we are with another misrepresentation. But we're not surprise.

The truth? 20 MILLION empty housing units.

http://www.census.gov/compendia/statab/2012/tables/12s0984.pdf

I posted data that was current as of Q3 2012. You posted data from 2010.

I win.

Darrell In Phoenix says

Yes "kevin" you get to be right.

But the truth remains.

Yes, it does. The *exact same source that you used* says that total vacancies are under 6M vacancies as of two months ago (we'll have even more up to date figures in January).

I can't for the life of me figure out what's wrong with you. I give up.

Future rent increases seem contingent on tighter lending standards.

If it becomes harder and harder to buy a home without 20% down, for instance, there will be more renters.

robertoaribas says

patrick please block dumasses account

How about using the ignore link?

Or -- become a premium user ( http://patrick.net/premium.php ) and then you can moderate your own threads, and users you have on ignore cannot comment on your threads.

users you have on ignore cannot comment on your threads.

That's a cool feature, Patrick! I'll definitely sign up for the premium account!

Done!

> and users you have on ignore cannot comment on your threads.

But Patrick promised!

Do you even realize how dismal your odds of being correct when you go against the trend?

Just talked to my landlord yesterday. A call I initiated. He is open to a rent reduction and also asked me to consider buying the place. Seems like he finally is realizing there is more money in selling rather than collecting rents. I told him I wouldn't be a buying at today's appraisals.

So, I am probably going to lock in for another years of leases soon at a reduced rate. Probably down about $400. So, instead of $3000, I would be paying $2600. The selling price would be upwards of 1.1m. You do the math. Don't believe all the junk thrown on this site from the housing pumpers, do you own homework. There are great opportunities for those that don't want to just follow the herd.

RentingForHalfTheCost says

So, I am probably going to lock in for another years of leases soon at a reduced rate. Probably down about $400. So, instead of $3000, I would be paying $2600. The selling price would be upwards of 1.1m

I am sure that there are individual examples out there that can prove any trend wrong. Sometimes you are at the right place at the right time.

But let's stick to data that you can show. Links etc. Everything else is hear say.

You can tell us that you now rent a 2Mill house for $500/month. I can't prove you wrong.

Or -- become a premium user

He's waiting for the Government to subsidise his user account as well.

Why is it that when house prices drop, the media always reports this as a negative thing? (I think this article referred the declines of the past 5 years as "horrible") I would say the declines of the past five years have been "wonderful." What's negative about a young family being able to afford a home that they were previously priced out of? Nothing!

RentingForHalfTheCost says

I don't look at data from sources where their salaries depend on the trend going in one particular direction. Sadly, in real estate most of the information released to the public is from such sources. I have my personal anecdote and that is fine with me. I am really the only one I would trust with my hard fought savings anyway. You stick to your slanted data analysis, and I'll stick to my real life experiences.

In other words--I'll stick my head in the sand and ignore anything that disagrees with my preconceived notions.

Good luck with that.

ELC says

He's waiting for the Government to subsidise his user account as well.

Gold. I can't believe I missed this gem.

Patrick, this could be a new revenue stream.

tatupu70 says

RentingForHalfTheCost says

I don't look at data from sources where their salaries depend on the trend going in one particular direction. Sadly, in real estate most of the information released to the public is from such sources. I have my personal anecdote and that is fine with me. I am really the only one I would trust with my hard fought savings anyway. You stick to your slanted data analysis, and I'll stick to my real life experiences.

In other words--I'll stick my head in the sand and ignore anything that disagrees with my preconceived notions.

Good luck with that.

Yah, that is what it means. Trust is earned is the lesson here. No real estate organization has ever done anything to build my trust. So, I don't trust them or their reports. I do, however, trust my experience and judgement. Head in the sand or not. You can go on believing NAR like organizations all you want. You can even put your skin in the ponzi scheme and get burned. It really doesn't bother me. If anything, it gives me a good chuckle.

RentingForHalfTheCost says

You can go on believing NAR like organizations all you want.

I agree with distrusting NAR *opinions*. They are clearly biased. But distrusting *data* that is easily verifiable simply because the NAR compiled it is folly. You have to be able to separate data from opinion.

RentingForHalfTheCost says

I don't look at data from sources where their salaries depend on the trend going in one particular direction.

I would agree with that. However, given that the pleasanton data showed rent actually declining for several years, why do you find this data faulty as well?

This is another guy who has presented no data.

If you want to look at his data it costs $99.

From his interview he relies heavily on this phantom, shadow inventorty. The only thing he presents though is the difference between median hoising cost, and the cost per square foot.

This is pure speculation on this guys part with no analysis.

War says

Hows your construction biz

You're so nutty.

How's your construction business in all 48 States, at $60 per sq ft.

BTW, how does that compare to what this guy is saying about price per square foot?

War says

Just tell the truth Dave.

I always do.

My Bullshit Quotient is zero.

Now stop lying, get your personalities straight, and if you have data. bring it.

You reposted a comment you made before?

If you had any facts, figures, data, or disputes you'd post it.

The fact still remains you could have taken this opportunity to demonstrate some of your talking points, but you chose not to, so let me help you out.

What this guy is saying is that the price per housing unit should be more homogenous, nationally. He ignores some data like wages, and economic growth in a region, but he still has a point.

There is no reason for the number of housing units, which totals millions, that were built between 2003 to 2008 to be selling for the high prices they once commanded. We should see the price per housing unit fall like a rock.

His second point, which you could have seized on is the price per square foot.

You keep making construction cost claims across all 48 States as being some how equal, OK, there is some truth to that, so why do we have prices from $200 per sq ft to $600 per sq ft in the same area.

The only problem I see with this guy is he wants to charge for his data.

His analysis may be correct, but we won't know unless we pay him.

LiarWatch says

You walked way out on a limb and pretended to be something you're not.

What the heck are you talking about now?

Why waste your entire morning with typing gibberish?

You are the only one here that has pretended to be something you obviously are not.

Bring data.

LiarWatch says

You've been caught posting shit you know nothing of for so long you can't even remember.

LiarWatch says

Here's a good example.

So, you didn't read the thread, or click any of the links.

That reference is to the Million Dollar Mike House by the Park.

the team at Build LLC has been superb about following up with us and taking care of miscellaneous things that needed taking care of; things like fixing or replacing some door hardware, regrouting some cracked grout, and facilitating the replacement of a (gigantic!) defective pane of glass. Not only has everything been done quickly and efficiently, but almost as importantly, it’s been done happily. Team Build stands behind their work, and as has been the case from the beginning, they aren’t happy unless you are happy.

LiarWatch says

Here's a good example.

This is a very good example of how you, and your multiple personalities have brought nothing to the table, but trolling.

LiarWatch says

you know NOTHING about contracting, estimating or construction

You, rather than any one else, is the one who has made the claim of being a big time contractor.

You were incapapble of keeping your comments straight so you fall back on your lack of data, knowledge, or ability to make a case in your comments.

You took my comment that $150 per sq ft was a good deal for a home purchase in Seattle, in 2003, and turned it around to suit your own claims of being a contractor.

You have yet to make a comment with any contracting ability, knowledge, or insight, but you continue on trolling.

LiarWatch says

You lied.

This is kind of amusing that your avatar says stop lying when you have been caught so many times.

You're the big time contractor, yet you have never made a post that made any sense concerning contracting, estimating, or construction.

Wait a minute!

Did you just run another thread into the ground, and I helped you?

Shees.

APOCALYPSEFUCK is Shostakovich says

1 8:23pm Tue 21 Feb 2012 Share Quote Permalink Like (25) Dislike Edit Protected

If you put enough arm into it, any dead cat will bounce, even appearing lively for a moment as it leaves the sidewalk.

When an entire industry is vested in making the dead cat appear convincingly vital, really anything can happen for a month or two.

When the whole federal government has thrown everything it and the Wall Street psychopaths can muster to keep the bubble inflated, the cat may even blink momentarily.

You know it.

I know it.

The market is fucking toast.

The cleansing Cannibal Anarchy is inevitable.

True. I don't know about the cannibal part, but everything else is honest and straight to the heart of it. I agree Mr. Shostakovich.

Cannibal Anarchy.

Any one ready for a Penis dog smothered in Mountain Oyster Chili & side of Chitlins.

HEY YOU says

Cannibal Anarchy.

Any one ready for a Penis dog smothered in Mountain Oyster Chili & side of Chitlins.

Order up!