- On 17 Jun 2013
in
SwissThreat of Negative Rates Seen Unlikely on House Boom,
inflection point said:
I foresee a tsunami of bank runs on the implementation of that nonsense.
- On 17 Jun 2013
in
Bush More Popular than Obama,
inflection point said:
bob...
I am sure their will be another idiot (republican or democrat) to rant about. Although I will say they will have to work really hard to beat the Obama circus.
- On 17 Jun 2013
in
Californias gasoline price drop may be over,
inflection point said:
It will be 3.5 cents higher in July. Thank you Sacramento.
- On 17 Jun 2013
in
Houseeowners are no happier than renters,
inflection point said:
When the Democratic Supermajority in California votes to override proposition 13 even renters will be paying more taxes.
- On 17 Jun 2013
in
Lowe's may buy Orchard Supply chain,
inflection point said:
It is an interesting indicator on the "housing recovery". I can tell you that OSH was a far better place to shop for plumbing and fittings.
- On 4 Jun 2013
in
Capitulation: I will Never Own,
inflection point said:
donjumpsuit
I split the rent with my wife too. However I think what I am saving on rent is offset by her other expeditures. At least you can compartmentalize some of those extra expenses with a girlfriend.
- On 4 Jun 2013
in
Higher inventory causes rental rates to fall flat,
inflection point said:
I would specify that rents appear flat from 2012 for SFH 4/3 in Fremont. There are many more rentals from which to choose.
- On 4 Jun 2013
in
New house price boom unlikely,
inflection point said:
In Patrick I trust. Oops incoming news for the housing bulls:
Colony American Homes Inc. postponed the pricing of its initial public offering Tuesday, citing market conditions, according to a person familiar with the matter.
The Scottsdale, Ariz.-based firm had expected its IPO of 20 million shares to be priced between $11.50 and $13 each.
Colony American's postponement follows a selloff in shares of real-estate investment trusts the past two weeks, as the prospect of interest rates' eventual rise has dulled the shine of high-dividend-paying stocks. REITs, property-owning companies that pay most of their taxable income to shareholders as dividends, had gained appeal as an alternative to bonds in recent years, as historically low interest rates left investors searching for income.
The single-family landlord would be the latest in a new class of REITs that have gotten a tepid reception from investors: those formed to buy single-family houses, rather than larger buildings like apartment complexes or office towers.
Another such company, American Residential Properties Inc. (ARPI), saw its May IPO price at the low end of expectations and the stock has dropped 8.6% since. Silver Bay Realty Trust Corp. (SBY) the first single-family REIT, has fallen 3.7% since its December debut.
Colony American Homes was formed last year and seeks to buy houses in mid- and upscale neighborhoods with low crime and good school districts. As of April 30, the company owned at least partial shares in 9,931 homes in nine states, including California and Georgia. Veteran real-estate investor Thomas Barrack, founder of private equity real estate firm Colony Capital LLC, serves as chairman of Colony American.
The company plans to list on the New York Stock Exchange under the symbol "CAHS." Credit Suisse Group AG, Morgan Stanley and Bank of America Corp. are the deal's managers.
- On 3 Jun 2013
in
Higher inventory causes rental rates to fall flat,
inflection point said:
Single family rentals are definitely on the increase in the sf bay area (east bay)
- On 3 Jun 2013
in
U.S. Economy Drowning in a Liquidity Trap?,
inflection point said:
Its not a liquidity trap if you are in the 1% that can front run the fed.
- On 3 Jun 2013
in
Housing recovery is "mirage",
inflection point said:
A mirage is a natural occurrence, The housing recovery is man made, an illusion, aka slight of hand.
- On 19 May 2013
in
More optimistic view given to California's fiscal future,
inflection point said:
Yes I am sure that the 20 or so extra taxes the democratic majorityare working on will help us fail faster.
- On 19 May 2013
in
Signs of new housing bubble in several areas,
inflection point said:
Patrick, do you think this crap will ever end?
- On 19 May 2013
in
U.S. budget deficit falling rapidly,
inflection point said:
Sure, what crap. I would in the future recommend you avoid quoting Paul Krugman
- On 19 May 2013
in
Oh Look, It's Nixon!,
inflection point said:
lets pray he goes the way of Nixon.
- On 19 May 2013
in
The Most-Corrupt Administration Ever?,
inflection point said:
Sorry,
Oh yes I am sure the inadequacy of the bush adminsitration forced Obama to be the most intransparent shit head that was named president.
- On 13 May 2013
in
Detroit - it'll get worse before it gets better,
inflection point said:
I think it may be optimistic at best to think it will ever get better.
- On 13 May 2013
in
The Annotated Hilsenrath,
inflection point said:
watch what they do not what they say they will do.
- On 5 May 2013
in
What Happens to the Housing Market When the Investors Leave?,
inflection point said:
Patrick,
There always seems to be a fool to step in. Who would have guessed that the housing market would be where it is today.
- On 5 May 2013
in
bmwman91's Buying Adventure Log,
inflection point said:
i find the daily news distressing since Oakland seems to lead the bay area in shootings and needless violence. A co worker ives in amore influential area, Oakland Hills, they have been suffering from armed break ins. If you live next to the stockyard there is no respite from the stench.
- On 3 May 2013
in
Inflation is too low,
inflection point said:
Paul Krugman is not a reliable source for any opinion regarding economics or any thing else.
- On 3 May 2013
in
bmwman91's Buying Adventure Log,
inflection point said:
Goran.
I can assure you that the crime rate in Oakland is not decreasing.
- On 3 May 2013
in
Do a 15yr or 30yr refi?,
inflection point said:
Debt is a liability. Work to reduce it. You will sleep much better.
- On 3 May 2013
in
Food inflation: Forget it,
inflection point said:
All you are illustrating is that the purchasing power of the dollar has decreased over those years, Perhaps you should calculate the cost of the product as a percent of the hourly wage. Oh by the way, if you haven't noticed you need two incomes anymore. I am sure you will have a cute picture of why thats OK too.
- On 3 May 2013
in
A good housing market might lead to a new great recession,
inflection point said:
There is no housing boom. I took a drive from the midwest to California this last week. I did not see any housing or economic boom for that matter. How does employment increase with fewer hours worked. Let me give you a clue, part time employment is increasing. Its the new Obama legacy, like bank fraud and drones. In fact perhaps they are fleeing before the drones arrive.