Yeah the muslims can have up to 4 wives legally, how the hell do they have more personal freedom that the US?!?!?!
Clearly polygamy would be a win for fat chicks too, thats a large demographic (zing!).
Clearly its much better to live in this tent for 900 a month and take the money you saved by not buying and invest it into the stock market.
Can anyone here hide my lawn and plants in thier attic for the duration of the war? The plants promise to keep a diary for the eventual movie.
I hope the OP didn't load up on gold and oil in 08 with the proceeds of his house sale (terrible year to sell it too).
Please OP, post some more of your situation, like what city is you at?
I want some mother fucking apologies from you azzhole bubble bears so I can resell it at 100% profit to the OP!!!!
COUGH ME UP AN APOLOGY NOW Mr Call It Crazy!!!
This sad thread sums up the whole of the housing bubble/patrick.net bubble sitter blogoshpere.
Its over, no more declines in house prices will allowed going forward on any large scale, or nationally, or ever in coastal cali prime areas.
The bubble is back and this time its not going to deflate, my advice to the OP is to adopt his children out to some family that was lucky enough to buy in the good school district before 2012, or after 2008, but not in 2006 as they may still be underwater, but 2003 and earlier is OK, anytime in the early 90's is the best of course, but not 88-90 (as that was a bubble year) but of course 86 and earlier they would be set, unless they bought on the east side of the freeway, as that is now a ghetto.
Its really crazy now in coastal cali, at least the good news is people with children are fleeing the state. The bad news is the people replacing them have even more children....
To be fair, the feds changed the rules on Patrick.
He 'woulda coulda shoulda' been right, had all those bailouts, law chages, foreclosure help, harp, hamp, CA save your home, etc not been put in place.
The new rules will not go away. It takes 3 years now to foreclose in CA, it was 11-12 monthes pre 07.
In some ways, patrick WAS correct. For example it was thought house prices long term could only be at 'what the average occupant can afford to pay'.
HOWEVER this was ammended by the feds via ZIRP+mananging supply heavily into "House prices will only go to what the average occupant can afford to pay.....IN RENT TO A HEDGEFUND LANDLORD".
People are buying up crapshacks and condos to get 2-3% cap rates. Tons of money chasing rentals now. the 'mortgage market' is no longer the determinant of RE prices as much as 'the rental market'. So for the 'next crash' we need HIGH UNEMPLOYMENT to crash RE and not much else would do it.
On short sale bank approves offers.
Owners and agents job is to collude so that they bank only see the offers from #1- the chosen buyer (who is either a friend or relative AND /OR kicking back $). and #2 - the bank also sees offers that are LOWER in price than the chosen offer.
So when you offer 600k, and the place sold for 500k - the bank never saw your offer.
This situation is whats called making money. In fact, I think its completely legal! RE listing contract (standard car form) says the listing agent must show all offers to the seller (who is not the bank) no one is required to submit all short sales offers to the bank. There may or may not be a 'short sale agreement' where you promise to submit all offers (ha!).
It used to be short sales were rare, done on hardship only, and mostly only when the bank couldnt realisticly forclose and make same or less money by foreclosing than allowing a short sale. And the bank had rules too like 'arms letgh transaction' (cant short sell to mom).
Now you can legally buy YOUR OWN short sale. and banks know about and allow it.
Anyway good luck waiting for another crash - it cannot happen again the same way without MAJOR job losses. Too many ways to hide inventory now, the whole RE market is now an experiment in Gov interventionism, no longer any kind of market forces.
The article is a perfect cross section of LA's poor: Mentally Ill whites, and no skills hispanics, and renters.
Wake up people: A life time being a renter will make you homeless when 'the checks stop coming'. If you own a house free and clear you can milk the equity and then sqaut for much much longer than any renter could in the same situation. (What an awful reason to buy! but its real.) Also a homeowner can 'live in the garage and rent out the house' or take in roomates, good luck doing that on a 4k a month rental unit.
Yeah where is ThomasWong and "RE Prices to be at nominatl 1975 prices soon" poster?
Helloooo ,1975, I want my nominal RE prices!!!
So here is a question for the board=
WIth prices at these 2015 levels in coastal cali, does it make sense to 'wait out the new current bubble and buy at some future possible bottom'?
The OP just missed the last bottom!
We are talking 'bottoms' of RE market being probably 15 years apart!
Prices bottomed in 95/96 and also in 09/10/11 and next is unknown.
I can see feminists using the term 'make rape' wherever the term 'make love' would be used.
"My husband makes rape to me about twice a week, I would like it more often but I don't feel comfortable initiating rape."
All sex=rape (except lesbian of course that is like music).
I can see this model will work.
Surge pricing will mean only 'rich people' can afford to have a room at night.
In the day time the room will be rented at a lower rate to day sleepers, or whores and their johns hourly.
Its a job killing bill also.
Heres my idea to make it fair - eliminate all prop tax for everyone. no p13 needed.
The state can charge more money for taxi medallions to make up the revenue.
Its really pointless arguing with most any human.
90% of the US claim to 'believe in god'.
So if you believe a giant invisible man made the entire universe in 6 days, and on day 7 he rested (and he looks like you!) THEN this means you have a feeble grasp on reality, probably should not be allow to drive, operate machinery, hold a job, or vote.
but they do....
So the link appears to have some kind of nasty pop up error.
I google the article and why is only aljazeera running this story?
I found a random website that looks like a BOT TRANSLATION of someones article. All the grammar is fuked upt.
Sashae, a nurse, has gifted homelessness, and in further to gripping adult her debate to defense tenants from eviction, has come behind empty-handed in her hunt for a new home.
-- wtf is rahaonline? a bot translator?
“You pointer your name into a contract, it should be honored,” he said. “We followed a manners and regulations given by a skill manager, nonetheless by no error of a possess are being put out on a street.”
the us military released that bit of info ON PURPOSE probably (but who really knows why) to get the isis people to NOT use social media as much. As they are using 'our technology against us' when they use FB to recruit members. If they go back to pigeons and smoke signals - hard to recruit.
I love the whole 'im moving my sister in , you have 60 days to vacate' and its legal.
Then sister moves out a week later and a new market rate tenant can move in. How is this not a positive for the economy?
Poor people should be on poor farms, not in 5k a month SF apartments. The modern world is really crazy.
why cant the nsa just share 'everyones data' with all local governemnts, the airnb database must be in thier hands as well.
google can make a portal for city governments to look up the data base/emails/financial transactions of any company or person - for enforcing taxes and laws.
“It’s totally frozen,” Mohammad Kamran, a taxi medallion broker in Chicago, said of that city’s medallion market. “I have offers from people who want to sell their medallions for one-sixty, one-fifty, but there is no lending.”
Conditions are similar in Boston, which has had only a handful of medallion sales in recent months in the range of $500,000; prices there had peaked at $700,000.
“Nobody wants to buy now,” said Lew Snapper, a broker in New England who says he has not sold a medallion in over a year.
Its really amazing how the smartphone is changing society.
uber,airbnb, tinder, grinder?ha, etc.
just for maps and finding directions alone that is huge. and the phones have only been around like since 07 right?
its really an outrage how the governments can charge 1m for a business license in NYC. That is really despicable of the democrats.
we should all be able to do whatever we want like open a tienda outside your front door and sell drugs, liqour, whores, whatever u wan i gots it man.
thats true capitalism (just like mexico has -they have real freedom down there)
go uber go!
It seems uber REMOVES cars from the road, not adds them.
If one uber does 20 rides in one day - then its one car driving 'all day' on the road.
If 20 riders take own car and no uber is used - then more distance is travelled because the in scenario above the uber driver can drop off faire#1 and make a pickup of #2 VERY CLOSE like next door to where he dropped off #1. So the total miles traveled is way less with uber.
Plus the parking issues are non existent. How much 'driving around looking for parking' is eliminated with uber? 100% of it if you use them. thats a lot of traffic.
What are the chances they bring back 'The Wire' tv show that was so awsome. I drove through baltimore once because of that show. The east coast is horrible!
patrick could turn this into a fucked company type site if he was funny and could mock all the dumb start up ideas, that was fun especially during the crash year.
that site made money by charging a subscribtion fee to see all the unmoderated 'company gossip' that was posted, somehow that was useful to day traders/vc's?
mostly i guess ad revenue from high traffic was his main money? He outsourced the moderation (what little there was if any?) then it went down hill.
He would mock all the companies mercilesslly and got in trouble all the time for messing with thier logo or posting it etc.
I still remember when some lame big head shop went under, pivoted a bit, renamed themselves 'assentor' he had a headline with a tag line 'whatever renames itself Assentor (pronounced ass-enter)' and thats how i prounce it today- they are huge, ha!
He had lots of fun mocking the tech bubble he had comic images and one liners to insult any idea or company like i remember somehting like this:
Dot Com Business Plan:
1. Purple walls
3. surf porn all day
Anyone who worked at a startup back then loved that humor.
I had an interview recently (a month ago!) where this place had gotten like 200m funding and was wayyyyyyy overstaffed. 5 guys interviewed me for 2 hours, whata waste of time. They do lame 'cloud' accounting software. This shit gonna crash again soon, if companies use the cloud to 'save money' then long term there should be less profits/jobs is that not obvious? I remeber when henry blodgett said '85 percent of these companies will be gone in a year' and the the SHTF no more play time on VC dollars (til now).
yes actually there was a lot to learn, if you didnt get the permabear virus infection from reading here too much.
If I had run a bubble blog like this one was - I would have banned the people who ruined the site.
Virtually unmoderated forums are fun for some things (fark?) but for business discussion to allow unbridled attacks, endless racist rants, wayyyyy off topic posts. Thats counter productive YET was one reason why it was fun? I guess natural selection is at play and the old site is dead.
Now it seems like a poor copy of tech crunch meets fuckedcompany.com 1999 (that was fun for a while, there was guy there called 'uncle stinkfinger' or something who would be just awful in every post like he lived there.lol)
I guess a RE bubble blog not so boring after all is it people? Where is Thomas Wong 1986 and the 'prices at 1975 levels soon' guy.
I guess I am exaggeratting the increase from 2012 a bit.
Im getting kool aid eye from all those billions of VC dollars
My webvan order never showed up so I'm hungry, my etoys orders are VERY LATE as well, (still no xmas presents!) I ordered some sports equipment from fogdog but now the website is down, but I think it might be my excite@home internet connection acting up because broadcast.com isnt working either - apparently Mark Cuban isn't running it anymore when did that happen.