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Beware of scare tactics from trolls hiding behind different user id's

By dunnross   Follow   Wed, 7 Mar 2012, 8:30pm   14,771 views   151 comments
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Please try to ignore all threads with hyperbolous sounding titles like:

"Chinese are buying up all the real estate in the Bay Area"

and

"Palo Alto prices up, eventually spreading to rest of Bay Area".

These are just realtor trolls, trying to use scare tactics to shore up some more business. When will they realize that their immature coercion has long been passé, and is no longer effective around here.

Most Liked Comments

1. waiting_for_the_fall Follow Befriend (1) 3 threads 104 comments Half Moon Bay, CA

   1   8:34pm Wed 7 Mar 2012   Share   Quote   Permalink   Like (4)   Dislike (1)   what about the "realtors are all liars and sumbags" troll? Is that really a realtor doing reverse psychology?

2. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

   2   9:31pm Wed 7 Mar 2012   Share   Quote   Permalink   Like (3)   Dislike   iwog says Never Trust Realtors says Refute them. You can't because they're truthful. There's absolutely nothing to refute as I've told you a dozen times. All you're doing is spewing pointless blind assertions. You haven't actually given a single number, data point, graph, news article, or anything else EVER to support anything you say here. You want me to refute your massive steaming pile of nothing? Exhibits #1, #2 & #3: http://www.reuters.com/article/2007/07/17/property-southerncalifornia-idUSN1723406920070717

3. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 171 threads 4,197 comments Premium

   3   9:34am Thu 8 Mar 2012   Share   Quote   Permalink   Like (3)   Dislike   Hahahahahahhahahahahahahaha! Hahahahahahahahahaha! We're so fucked. In a few years, people will be tearing down McMansions to eat the adhesives in the particle board. Hahahahahahahahahaha! It's never been a better time to learn how to kill and cook your neighbor! Cannibal anarchy is your friend!

4. dodgerfanjohn Follow Befriend 19 threads 590 comments Los Angeles, CA

   4   8:56am Thu 8 Mar 2012   Share   Quote   Permalink   Like (3)   Dislike (1)   Dunross, my prediction is your charts and links will be completely ignored, or explained away and dismissed as though you posted complete fluff.

5. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   5   8:58am Thu 8 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   Overpriced RE will continue to lose value in real terms, even as prices remain constant in nominal terms.

6. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,006 comments Pleasanton, CA Premium

   6   10:14am Thu 8 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   dodgerfanjohn says Dunross, my prediction is your charts and links will be completely ignored, or explained away and dismissed as though you posted complete fluff. If I wore a realtors hat. The graphs posted are confusing and not conclusive. The scale is all wrong and deceptive. If you change the change the Y-axis to increments of 100K then the lines actually look flat. If you squint hard enough and tilt you head then it appears to be rising! We all know that house prices ONLY rise, so there you have it folks. They are just following the historic norm (by historic I means only the time window where it was actually rising). The Distressed loans bar graphs are just silly. Who cares about distressed homes. They have very little, if any, effect on real house values. For every distressed house in California there is another Facebook millionaire ready to buy it. That doesn't even take into account all the Asians in Cupertino that have recently paid off their mortgage and looking for that 2nd home. The sky is the limit and distressed home volume is a joke when you look at real demand. Realtor hat off (Jesus that hurt my head)

7. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,006 comments Pleasanton, CA Premium

   7   10:49am Thu 8 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   Just imagine if all those FC dwellers had to pay something for shelter every month. I wonder, just wonder, how much that would hurt our strong economy. Not paying their mortgage and having no accountability is great for their disposable income.

8. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   8   2:41pm Thu 8 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   iwog says 3. If a bank hasn't foreclosed after 24-months, it's very possible they can't. What happens if the shadow inventory is actually a large number of defective liens that cannot be enforced? Instead of a few hundred liens being abandoned like today, a few hundred thousand are abandoned? Wouldn't that mean the shadow inventory isn't actually inventory and never will be? (yes I think it does) Very good point. Although it's hard for me to imagine that banks will allow people to live "rent free" in their houses forever.

9. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   9   8:10pm Thu 8 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   dunnross says These are just realtor trolls, trying to use scare tactics to shore up some more business. When will they realize that their immature coercion has long been passé, and is no longer effective around here Here here...

10. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    10   12:20pm Fri 9 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   iwog says The bust between 2006 and 2009 was unique and there have been no parallels in American history. Asking for another post-bust housing crash just to ram home the unique requirement doesn't make a lot of sense. Haha. 300% gain up to 2006 has hardly corrected. Bust still continues....

11. kashif313 Follow Befriend 6 comments Corona, CA

    11   12:40am Sat 10 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   Whats the bottom line: 1) 15% real unemployment and 25% underemployment in California. 2) Job market getting worse or, in the best case scenario, its stabilizing but not keeping up with population growth. 3) More unemployed individuals are falling off these reports since they dont collect unemployment. The government ignores these individuals - but they are part of the problem. 4) More business is leaving California because of expensive anti business policies. 5) Real inflation is going up (excluding home prices since the government excludes homes prices). 6) Real wages are going down. In fact our real wages are back to 1990 levels in this state alone. 7) City's are going bankrupt or approaching bankruptcy because they are on the hook to union employees for benefit payments they cannot make, even in the best of times. Yet people like Iwog are telling me that right now is the time to buy. My family members/friends tell me the same thing since 7 of them are realtors. Realtors are not to be trusted. They have a conflict of interest - their commission is based on the highest price. You want proof that the housing market is in a coma, look at all the potential buyers that choose to rent instead of buy. In my area (Southern California), I know so many of them. They have the downpayment to buy today, they have the job, the credit score and financial paperwork to boot. However, they also have one thing that Iwog and other realtors fear - a brain. For a moment, lets assume that Iwog and his cohorts are correct we have hit a bottom. What is the likelihood that home prices will increase in the next 5 years? All the problems I mentioned are systemic not economical. It means the the system in California and the US is broken and it will take 10 years to fix. So to Iwog and other realtors who put families into debt and homes they cant afford, I say go and pound sand. Your analysis is biased and you have hidden agendas. You want links or proof, look it up yourself. .....and thats the bottom line.

12. elliemae Follow Befriend (25) 413 threads 6,981 comments Saint George, UT elliemae's website

    12   10:51am Sat 10 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   Beware of realtors submitting links to their sites that include charts about how awesome the sales are in their particular area.

13. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

    13   11:31pm Sun 11 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike   toothfairy says I posted the housing vs gold chart the other day. If gold is going up then housing is going up even more. Which makes sense with commodities inflation building costs will go thru the roof. More lessons to learn for all you housing bulls out there: 1. Gold is not a commodity. It's currency. Just because our gov't says it isn't, doesn't make it not a currency. Gold is the only honest money, so the FED can lie all they want, gold will still be money. 2. If the FED could make the gold price drop, they would have done it long time ago. 3. We are now in K-winter which is good for gold, not so much for commodities. Gold is at, or close to all-time high, where most commodities are nowhere close to the high achieved back in 2008. 4. Housing prices will not go up in inflation. In fact, inflation will kill housing, because your pay check will be spent on food and gas, not housing, and, also because interest rates will go up faster than wages. 5. This isn't like 1991 or 1979, so don't compare it to that. This is more like 1930 which you know nothing about, because you don't know anyone who lived back then. 6. Housing is not an investment. It's just a shelter.

14. iwog Follow Befriend (48) 274 threads 12,545 comments 47 male Lafayette, CA Premium

    14   8:56pm Wed 7 Mar 2012   Share   Quote   Permalink   Like (2)   Dislike (1)   There's no fundamental difference between a random nobody posting bull market rumors and a random nobody posting bear market rumors. I don't recall seeing any support for most of the assertions here, including sales being at 14 year lows, (wrong) inventory is rising, (wrong) and we're in year 6 of crashing prices. (wrong) They are all just blind assertions being spammed from someone who changes his screen name like socks. So how about the bear market trolls?

15. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    15   9:29pm Wed 7 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   waiting_for_the_fall says what about the "realtors are all liars and sumbags" troll? Is that really a realtor doing reverse psychology? As I keep saying, I grew up around real estate salesmen and insurance salesmen and people who appraise property. Some of them are honest and some of them I wouldn't admit to my home. The slick ass nature of residential real estate here in California says more about the culture and the economy than anything else. Again and again, I don't think this state ever recovered from the base closings and downsizing in the aerospace industry. Now that housing has busted, there doesn't seem to be anything left. We can't all work for the government or schools or fund a non profit. Some of us can work in tech. Some of us can work in the service industry. Some of us can work in banking, I suppose. Basically, the whole state's economy needs to be rebuilt and that'll take years.

16. T Follow Befriend 28 comments

    16   9:14am Thu 8 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike

17. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    17   9:44am Thu 8 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   Ya know, it's funny. I post in forums all over the country and the only time I see stuff like this is here. People back home do not act like this. They all seem to think we're in a weak recovery coming out of a deep recession that will require another recession (stimulated by interest rate hikes) like what we saw in the late seventies and early eighties. Harvey Golub said the same thing yesterday, almost word for word.

18. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    18   9:59am Thu 8 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   There's a reason they made a movie called "Escape From LA" and not "Escape From Columbus."

19. rootvg Follow Befriend (8) 1 threads 792 comments Danville, CA Premium

    19   10:39am Thu 8 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   wthrfrk80 says Overpriced RE will continue to lose value in real terms, even as prices remain constant in nominal terms. Nevertheless, we needed a place to live that was safe and quiet and suited our needs. Because of the unique situation in which we bought, it'll end up being the same as rent without the nasty tax bill every Spring. My boss has a Bachelors in Computer Science, does taxes as a side business and said it helped his kids immensely when they both bought last year. My CPA said it was a good idea because of what we did and the way we did it. We're good to go.

20. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

    20   10:40am Thu 8 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   Here is another graph from the Dr., showing that the foreclosure inventory pipeline has grown almost 50% since 2009: So, which particular claim from our "Realtor Distrusting" friend, haven't I proved with my data?