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Why Now Is a Good Time to Buy a House


By mili   Follow   Thu, 12 Apr 2012, 12:53am PDT   15,722 views   123 comments
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Although the economic recovery remains sluggish and some fear rising interest rates, there are growing signs that this a good time to buy a house, according to a new study.

http://www.thefiscaltimes.com/Articles/2012/04/11/Why-Now-is-a-Good-Time-to-Buy-a-House.aspx

APOCALYPSEFUCKisShostikovitch   Fri, 13 Apr 2012, 7:00am PDT   Share   Quote   Permalink   Like (4)   Dislike     Comment 1

No, it means waking up to a tongue bath from the harem, being carried to the dining salon by your adoring wives and fed fresh fruit from your fields, before retiring for the first orgy of the morning and later, over coffee brewed from beans from your fields, planning the afternoon's concert with the castle's music director and conductor of the resident symphony. Lunch figures in there once in a while if you can move your jaw after the orgy. . .

Robber Baron Elite Scum   Fri, 13 Apr 2012, 1:10pm PDT   Share   Quote   Permalink   Like (4)   Dislike     Comment 2

tdeloco says

So did Bill Gates and Steve Jobs.

Not as outright as Mark and not as to be 100% blatant infringement.

Mark stole the name, the whole entire site running on stolen code and every last detail of the idea.

Steve and Bill at least did some original work while using other people's concept and expanding on it.

In addition, Mark is not someone to compare at all to Bill and Steve. It's an insult to try to compare Mark on the same level as Bill and Steve.

Mark created nothing special. His company is nowhere near the level of Microsoft, Apple, Google and Amazon. It is worth very little compared to these companies. It has very little further potential and it is extremely over-valued.

Facebook's asset is hype other than taking it's users private information to sell for marketing purposes which many object too.

It's advertising network can never ever compete with Google Adwords. The conversions seen on Facebook for advertisers are horrible.

I predict Facebook will start charging monthly for membership when it starts losing serious revenue and becomes desperate to stop negative cash flow. It's app store is a pathetic little gimmick. iTune's app store is far superior which can be accessed by the iPhone and iPad. They are many other app stores as well.

There is very very little chance that Facebook will ever amount to anything more than a social media site.

They could collaborate with all public schools, private schools, colleges and universities in the world to create year books for them that are available offline and online with the ability to add commentary online. That's one possible revenue source idea.

Google offered Facebook a very generous offer. They will regret not accepting. Facebook will become bankrupt and it's assets will be liquidated in a bidding war between Google.

It has value but nowhere near billions of dollars. This current false valuation will cause Facebook to run the company like it's a multi-billion dollar company.

That will cause it to become bankrupt and it's stocks will become nearly worthless. Their assets will then be bought off.

APOCALYPSEFUCKisShostikovitch   Thu, 12 Apr 2012, 10:26am PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 3

The time to buy is when the newspapers don't even bother to report Reatlor® suicides any more and people stop turning up at Reatlor® jumper events to cheer at them to leap to their deaths.

APOCALYPSEFUCKisShostikovitch   Fri, 13 Apr 2012, 3:46am PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 4

Seriously, the USA's economy has been trashed by a crisis in underwriting quality going back to the 1980s. It's the 80000 ton gorilla in the room that no one wants to address because given the criminalized culture of Wall Street and RE, it's a hard and generations-long problem to resolve.

So.

Why don't we just start over by throwing all the fucking bankers out of helicopters over the North Atlantic?

Robber Baron Elite Scum says

We STILL have very bad lending standards.

Robber Baron Elite Scum   Fri, 13 Apr 2012, 7:07am PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 5

Rent4Ever says

These are the Mark Zuckerbergs, the leading physicians, businessmen, lawyers, etc in the country.

Mark Zuckerberg is an idiot that stole someone else's idea, stole the programming code and now is conning the idiots called the "shareholders" who are investing in computer bytes...

He actually is trying to trademark the word "Book"...

The company he named is nothing unique or creative. It is just generic wording put together.

Mark will lose a lot of money. And Facebook will finally stop being compared to Google, Microsoft, Apple and Amazon.

Facebook should never ever be compared to those big four. It is a gimmick and fad that doesn't produce all that much value compared to the value Google, Microsoft, Apple and Amazon produce.

Facebook will die just like Myspace and AOL.

Robber Baron Elite Scum   Fri, 13 Apr 2012, 7:21am PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 6

Mark really should have named it "Sheepbook"...

Robber Baron Elite Scum   Fri, 13 Apr 2012, 1:36pm PDT   Share   Quote   Permalink   Like (3)   Dislike     Comment 7

tdeloco says

It is very hard to get rich if you're not a crook.

It is also very hard to get rich if you are so stupid that you can't even add in some of your own work.

Mark was sued successfully for a reason. He is an idiot.

His company is going to fail epically. Just watch...

If you are smart, invest in Google, Microsoft or Apple. Defiantly not Facebook. It has extremely poor business foundation and fundamentals. It's over-hyped and completely over-optimistic.

bmwman91   Thu, 12 Apr 2012, 4:54am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 8

I'd say that it is a good time to buy any time that you have 100% of the cash needed to make your desired purchase, and an additional 3-4x of that in retirement savings & investments. As one of my favorite posters in here says, "It's CASH or fuck you, America!"

dublin hillz   Thu, 12 Apr 2012, 4:56am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 9

bmwman91 says

I'd say that it is a good time to buy any time that you have 100% of the cash needed to make your desired purchase, and an additional 3-4x of that in retirement savings & investments. As one of my favorite posters in here says, "It's CASH or fuck you, America!"

Yeah, like landlords will keep rent low enough to allow you to get to this level lo.

1sfrenter   Thu, 12 Apr 2012, 5:01am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 10

dublin hillz says

Yeah, like landlords will keep rent low enough to allow you to get to this level lo.

That's what I'm saying. For the average person, by the time you pay rent, food, gas, etc. how are you gonna be able to save 200K?

clambo   Thu, 12 Apr 2012, 5:09am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 11

You save the $200K this way.
You 1. co habitate with roommates save $300/month, $3600/year
2. brown bag your lunch, save $70/month, $850/year
3. buy balanced mutual fund and invest $800/month for several years.
4. Work saturdays and/or sundays at something not too difficult and save up an additional $5,000 per year.
How do you NOT save up money? Try to keep up with your other hipster/trustafarian/dilettantes/other guys who like showing off.
The payoff is nice after you have been a broke appearing guy for a few years. Later on you know you can do more and be more flexible and relax more knowing you have some dough to back you up.
Oh, and it still not a "good time to buy a house" at least where I live. It is a good time to buy stocks however. Why? Low interest rates.
House prices will fall some more as soon as interest rates go up. They are going to go up.

bmwman91   Thu, 12 Apr 2012, 8:49am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 12

clambo says

seems like straight males who are not Harvey Milquetoast are in demand.

Chicks wanted more sensitive guys that "listened & had emotions" for a long time. Well, they got them, and I don't think that they quite like it. They are finding that they actually just wanted someone that respected them, not someone that completely depends on them & has matching mood swings!

I am not single, but the impression that I get from walking around SF and hitting bars there is that I wouldn't have any interest in the females there even if I WAS single. By the time you hit 28-30, most of the "normal" single people, that are reasonable enough to enter & maintain a stable relationship, already have. Thus, you are left with the princesses, career-first power-ladies & party animals.

Robber Baron Elite Scum   Thu, 12 Apr 2012, 9:05am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 13

"Why Now Is a Good Time to Buy a House"

...I'm not even going to bother with this one...

Robber Baron Elite Scum   Thu, 12 Apr 2012, 9:10am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 14

wthrfrk80 says

The time to buy is when there's blood in the streets.

Quoted by my Grandfather, John D. Rockefeller

Robber Baron Elite Scum   Thu, 12 Apr 2012, 10:19am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 15

wthrfrk80 says

I thought it was Rothschild...

They both made a similar quote.

To be precise.

"The way to make money is to buy when blood is running in the streets."
-John D. Rockefeller

Source: http://www.brainyquote.com/quotes/quotes/j/johndrock102029.html

Robber Baron Elite Scum   Thu, 12 Apr 2012, 10:27am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 16

APOCALYPSEFUCK is Tony Manero says

The time to buy is when the newspapers don't even bother to report Reatlor® suicides any more and people stop turning up at Reatlor® jumper events to cheer at them to leap to their deaths.

hahahahaha +1

CrazyMan   Thu, 12 Apr 2012, 1:01pm PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 17

You realize if they raised rates every bank in the US would almost instantly fail right?

bubblesitter   Thu, 12 Apr 2012, 1:03pm PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 18

rootvg says

Rates have to go up, and when they finally do it'll come with a vengeance.

As much as I wish,it is not going to happen any time soon due to continuing economic trouble. You are underestimating the nexus of our politicians and banks.

Robber Baron Elite Scum   Fri, 13 Apr 2012, 2:32am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 19

Philistine says

inflation causes higher interest rates.

No. The low rates cause the inflation and then the resolution is to increase the rates.

Low rates will always encourage more people to borrow and to borrow more. Savings are neither encouraged. Spending is however encouraged. This is a perfect recipe for inflation.

During the RE bubble we also had low rates, why then didn't the homes prices deflate? And don't say that it's because of easy lending standards. That's nonsense. We STILL have very bad lending standards. Yet the RE market is being trashed. Why? Because it is unsustainable and any gimmicks will not be able to save it in the long run. It will prevail to go where it deserves to go.

Your logic and theory has a big fallacy.

bmwman91   Fri, 13 Apr 2012, 3:48am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 20

APOCALYPSEFUCK is Tony Manero says

Why don't we just start over by throwing all the fucking bankers out of helicopters over the North Atlantic?

Why do you hate the environment? We should be thinking more about our future. Combustion of fecal matter could provide lots of fuel, and given the amount of bullshit that those types spew, we just need to harness it.

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