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2005 Apr 11, 5:00pm 199,065 views 117,730 comments
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Or, will this be the moment in which a 50 year old shack in mountain view (with los altos schools) sells for 4M?
^ It's been a standard practice to use two weeks before accepting offers in SF. This has been happening all year and it is certainly not a slow market here. In fact, this only makes sense as it creates more competition IMO.
David Losh
2013 Sep 20, 12:36am
there have been very few bulk sales of foreclosed homes.
Bob, we have covered this and every little detail of your comment, repeatedly.
Move along Bob, you have nothing to say.
but but isnt the bay area different, and arent price going to soar in 2014?
wooooops, liars get exposed
Using the bay area is a poor example of the whole of the west. It's like using NYC back east.
It appears that a combination of Bullard speaking and the Indian rate hike may have caused this one.
Gold will have a hard time making any major advances on FED policy, especially when India's physical demand has all but dried up due the government policies of late. India counts for a lot of demand.
David Losh
2013 Sep 20, 3:44am
a condescending attitude.
Yes, Bob, I have patiently answered all of your concerns, repeatedly, time, and time, and time again, the same as many others have.
You just clog up threads.
David Losh
2013 Sep 20, 3:59am
No, you actually don't.
Bob, try to calm down, yes all of your assertions have been answered on all the other threads you have clogged up, repeatedly, by myself, and many others.
It's a waste of time.
You have northing to say, move on.
The sizzling Bay Area housing market cooled in August following one of the most dramatic run-ups in recent years, according to a report released Friday.
After months of increases, single-family home sales dropped 3.2 percent from a year ago, and were down 8.8 percent from July, according to real estate information service DataQuick. While the median single-family price of $588,000 extended several months of double-digit annual gains, it was 3.9 percent lower than it was in July, the first such drop in six months, DataQuick reported.
The market is stabilizing, said Arvin Paredes of Keller Williams in Campbell.
zero chance of much higher prices in 2014, only liars and realtors think prices will zoom up next year
Bellingham Bill
2013 Sep 20, 4:18am
The (hard-right) Republicans have control of the House so the Senate filibuster is neither here nor there, outside of confirmations and treaty ratifications.
David Losh
2013 Sep 20, 4:19am
and again, you don't answer them!
and again, you have nothing to say. It's the same as all the other threads you clog up.
If you really wanted to engage anyone, you would need to have a point.
Your example of your condo, or is that Roberto's condo? is the prime example of this thread. A speculator bought, and rents out what could have been an asset to a home owner, instead it's just more over priced rental fodder.
David9
2013 Sep 20, 4:23am
so that rich can pay even less of their share...
Hi Roberto, I did not initially read the article in the thread. I saw the numbers in the title indicating more people are poor, from the census bureau in the article as it turns out, and remembered 'Call it Crazy's signature phrase 'Recovery! Forward!' as, I believe that in a recovery, people are pulled out of poverty not pushed into it.
Although I did not intially see the article in political terms, how could I? I didnt' read it at first. If you want my opinion, one aspect of 'solving the problem' would be to reinstate the banking aspects of Glass-Steagall.
freak80
2013 Sep 20, 4:32am
I don't like picking individual stocks. I am thinking of maybe investing in a medical mutual fund instead.
Make sure it's a low-cost passively-managed index fund. Most fund managers perform worse than the market, and you pay them high fees for the service.
Here's one more bullet from the Fed driven monetary stimulus that has been spent. Let's hope the economy keeps chugging along to pick up the slack.
Number of the day
1,800
That's how many jobs Wells Fargo is eliminating in its home-loan business as rising mortgage rates reduce demand for refinancing. The cuts are on top of 3,000 announced this quarter by the San Francisco bank.
http://www.sfgate.com/business/article/Wells-Fargo-will-lay-off-1-800-more-4828344.php
freak80
2013 Sep 20, 4:50am
Sheesh the Republicans have been doing this since the mid 90's. Nothing new, just posturing/pandering to the far-right base for election day.
smaulgld
2013 Sep 20, 5:38am
Its all part of the "recovery" process and necessary for home prices to rise- give it time
freak80
2013 Sep 20, 6:00am
If Ted Cruz pulled a Cleavon Little and put a gun to his own head ("Everybody stand back or I'll shoot the idiot")
Reminds me of a scene from Blazing Saddles.
David Losh
2013 Sep 20, 6:08am
I know you won't actually answer
Bob, I've answered you so many times, on so many threads it's ridiculous.
This is just another dead thread. There's no point in engaging you.
Move on, Bob.
ttsmyf
2013 Sep 20, 6:49am
Say hey! This was in the Wall Street Journal on March 30, 1999:
Holy cow/interesting/compelling ...!
And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Friday, September 20, 2013 __ Level is 98.7
WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes indeed, go here:
http://patrick.net/?p=1219038&c=999083#comment-999083
smaulgld
2013 Sep 20, 8:12am
You forgot to put your text in BOLD and your FORWARD in italics...
Will I lose my membership card?
Bellingham Bill
2013 Sep 20, 8:49am
One thing about Japan is that their central government spending is shockingly small compared to ours.
E.g. their defense budget is a rounding error on ours ($50B/yr).
Their much-maligned "Keynesian" government works projects were similarly of small scale -- $50B or so.
The reason the Japanese are quadrillion yen in debt to themselves is that they've given themselves tax cuts since the 1990s and called it savings.
What also happened was that their former high domestic growth regime hit the wall in 1990.
http://research.stlouisfed.org/fred2/series/JPNRGDPR
this was correlated with running out of new people:
http://research.stlouisfed.org/fred2/series/LFAC64TTJPQ647S
and also the rise of E Asia and China as labor competitors. In a lot of ways, Japan Inc has benefitted immensely from these new markets, but Japanese workers, NOT SO MUCH!
FuckTheMainstreamMedia
2013 Sep 20, 9:05am
After reading this thread I'm 110% certain that the Republicans have the moral high ground here and are absolutely doing the courageous and correct actions.
David Losh
2013 Sep 20, 9:08am
is a LIE
Bob, this is another dead thread. Engaging you is a lost cause.
Like I have said a dozen times Bob, tell us about your investments one more time, because it never gets old, or is that Roberto's investments?
David Losh
2013 Sep 20, 9:28am
as expected
Egads!!!!
Bob, Bob, Bob, I call all of you guys Bob now.
OK, one more time: It's a $30K condo. The bank sold it to get out of it, and invest money elsewhere.
So now it's your problem.
The renter is paying a lot of money in rent, all renters are paying a premium for the investments banks are making.
So your renter is giving you a gift, each month, until they find a cheaper place.
If it gets sold for $90K that is another problem. Price spikes are bad for the consumer, especially if the consumer is tapped, and hoping to get a return similar to yours on that $90K purchase price.
Will that condo ever be worth $180K? or $270K? to match your wind fall. I think not.
I think assets, like housing units, are over priced, and have caused a debt trap for the buyers.
The Real Estate market needs to be able to correct, on it's own, without this Affordability, Consumer Confidence crap.
You own a $30K condo, best of luck with that, but it has never been my choice.
So what I will continue to do is make money, and pay off debt.
David Losh
2013 Sep 20, 10:33am
So, it is just a gift. Not a good investment. got it!
It is a gift Bob. It's what it's all about, all the QE, and bail outs, they are all for you.
So, enjoy, and stop bothering everybody.
I answered you for the sixth, seventh, or eighth time, and once again you don't like the answer, go figure.
Dan8267
2013 Sep 20, 12:11pm
If Ted Cruz pulled a Cleavon Little and put a gun to his own head ("Everybody stand back or I'll shoot the idiot")
Reminds me of a scene from Blazing Saddles.
You beat me to it.
Bellingham Bill
2013 Sep 20, 3:12pm
During the last 10 years, medical costs increased as crazy. It looks they are getting stable now.
http://research.stlouisfed.org/fred2/series/DHLCRC1A027NBEA
So I'm sceptically about this view.
The baby boom has yet to turn 70. Median boomer was born in 1955 so in 2020 the pig will be halfway through the snake as far as Medicare enrollment goes.
Medicare beneficiaries get more expensive each year they age of course (age 75+ are 40% of the beneficiaries but 50% of the expenses)
http://www.medpac.gov/documents/Jun12DataBookEntireReport.pdf
The baby boom was made to pay 2.9% in Medicare insurance premiums from 1984 on and are only now are beginning to draw down on this (notional) savings.
Here's the population of age 55+:
http://research.stlouisfed.org/fred2/graph/?g=mC0
looks like just what it is -- a tsunami of old people coming our way . . .
Bellingham Bill
2013 Sep 20, 3:16pm
and what's odd is that Japan *doesn't* have this tsunami coming -- their baby boom was just 1947-49, then in the 1950s their live births fell to below prewar levels even.
This means they're about 80% into their induction of old people.
We're just getting started, about 1/3 in now:
The only difference between sub-Sahara Africa and America today is our top 1% income producers. Unfortunately, those top 1% producers are also leaving America today in droves. When they are all gone, reality will be upon all of us.
CL
2013 Sep 21, 12:36am
The only difference between sub-Sahara Africa and America today is our top 1% income producers. Unfortunately, those top 1% producers are also leaving America today in droves. When they are all gone, reality will be upon all of us.
Droves? Name 5.
FuckTheMainstreamMedia
2013 Sep 21, 12:47am
Good job on slamming the door shut on one of the only appealing and correct tennents of your ideology!
This "debt ceiling" bullshit is not an area that I have managed to pay any attention to.
Could someone explain to me what the point of a debt ceiling is if not to LIMIT DEFICIT SPENDING.
Let's just do away with the fucking thing so that we can get busy spending all the fucking money that we can conjure up.
MisdemeanorRebel
2013 Sep 21, 2:46am
If Obama was smart, he'd let them shut down the government, but make sure they own everything that happens as a result.
LOL. Did I strike a nerve there?
no, besides being an annoying dull asshole, youre a good guy
ok, angry bird
David Losh
2013 Sep 21, 2:52am
In your prior post, the tenants paying rent are giving a gift...
one post later, it is Q.E. and bailouts that are my gifts...
Bob, it's a gift, you got a gift, enjoy it.
Dead thread.
Bellingham Bill
2013 Sep 21, 2:56am
1% income threshold was $1.5M/yr in 2010.
Don't let the door . . .
Bellingham Bill
2013 Sep 21, 3:18am
but make sure they own everything that happens as a result.
hard to do when the right owns 80%+ of the media.
Don't believe me, listen to KGO sometime. The token lefty is on after midnight, LOL.
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