patrick.net

Sellers are doing fine.There are plenty of Dumass buyers willing to overpay for sellers shacks.

Without the prospect of rapid house price inflation, and all things being equal, decreasing prices for new homes should cause existing home prices to plunge.

It's like if there's a sale on new model cars, then used cars become much less valuable. Who wants an old dirty falling part house with ancient appliances when you can get brand new house with clean walls and fixtures and so on.

Tim Aurora says

Supply also dwindled to 4.5 months indicating that the home prices may increase.

There isn't a limited supply of something that can be built at will.

Tim Aurora says

2. Homes cannot be build at will in a few days. It takes years from planning to sale.

Are you saying no new home is being built today?

Bottom line, building is very low and will increase.

New home sales will likely increase more than existing home sales as they fell much lower during the crisis.

Most likely builders will come to their senses and start building cheaper houses/apartments.

It's ridiculous to think that any government or organization would ever engage in an evil conspiracy. Operation Northwoods was a complete fabrication by right-wing nutjobs to further their conspiracy agenda. People just need to get over themselves and trust that our government is a servant to the people and is here for our benefit.

Tim Aurora says

1. Home is an appreciating asset while car is a depricating asset

How many 1oo yrs old houses do you see around you?
Houses do have a limited lifetime, and are in fact depreciating.

I don't know in what sense one could say that a home is an "appreciating" asset.

A home is a commodity. More can be built as needed. Building costs are not increasing faster than inflation. And there is a lot of land to build. There is absolutely no rational reason for home prices to "appreciate" over time, in real terms - except maybe from a speculative perspective.

bgamall4 says

debyne says

It's ridiculous to think that any government or organization would ever engage in an evil conspiracy. Operation Northwoods was a complete fabrication by right-wing nutjobs to further their conspiracy agenda. People just need to get over themselves and trust that our government is a servant to the people and is here for our benefit.

I hope you are being sarcastic. Operation Northwoods was very real. It was a false flag not unlike 9/11. And Lemnitzer and Cheney did work together. I am sure Cheney learned all about Northwoods prior to it being declassified circa 1997.

Why didn't the media report on it? Why don't my friends know about it then? Do you have any proof it's real? There can't be proof because gov't conspiracies don't happen and are for tin-foil-wearing wackjobs.

If all the low priced homes,that sold,weren't overpriced, it's the end of the U.S.A.

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

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 Wednesday, December 4, 2013 __ Level is 101.7

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

HEY YOU says

Sellers are doing fine.There are plenty of Dumass buyers willing to overpay for sellers shacks.

+1.

Tim Aurora says

Houses do have a limited lifetime, and are in fact depreciating.

Look at case-schiller. It shows that over a period of time homes increase at a value of 1% over inflation.

...since 1980. It was flat on longer period of times. I haven't seen any reasoning that would explain why RE should increase in time forever independent of the idiosyncrasies of the current macro-background.

And the housing stock keeps being replaced: Individual houses depreciate with time.

Tim Aurora says

A home is a commodity

Not true. A home has a "rental" output

Commodity: a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market.

"rental" output ain't nothing to do with it.

Tim Aurora says

Yes if you want to live 100 miles from the city but Not in desireable areas

Desirable areas change from one generation to the next. New cities become "cool". Others decline and go bankrupt.

Heraclitusstudent says

Most likely builders will come to their senses and start building cheaper houses/apartments.

I see this as the most likely and sane scenario.

They will simply cut around the existing home market, and bring in mass built new homes for about half the price (which is all that most people can afford).

That will pull the rug out from under the existing home market.

Heraclitusstudent says

Tim Aurora says

Yes if you want to live 100 miles from the city but Not in desireable areas

Desirable areas change from one generation to the next. New cities become "cool". Others decline and go bankrupt.

Many people are already living that far, or else closer but never set foot inside "The City" anyway. You can build complete communities in the middle of nowhere, and add in commercial services and features without having to have a City (with skyscrapers etc).

Oct is a Fall month, is colder than Summer months. Colder months are not the same as cold months.

When income is stagnant and home is appreciating very fast, builders are wise to build more lower priced homes. Lower priced homes have smaller lots, smaller square footage and lower quality interiors.

bgamall4 says

It was declassified. I read it in my local paper in Reno, NV. Here is more proof Northwoods was very real, but stopped by JFK:

http://en.wikipedia.org/wiki/Operation_Northwoods

This can't be true. I just can't believe our gov't would propose doing something like this. Someone MUST'VE posted fake information on Wikipedia because this could lead to ideas that other events like 9/11, Pearl Harbor and Sandy Hook are also these so-called "false flags". Just not possible...I refuse to accept the facts you've presented and choose to hide in the comfort of the masses by presuming you're part of the black helicopter crowd.

APOCALYPSEFUCK is Comptroller says

HydroCabron says

This is the best post on the Internet.

You're a genius.

Extremely sagacious analysis!

Mark D says

. flag "flying" when there is no wind on the moon

Mythbusters debunked this by testing a similar flag in a vacuum. They proved it moves around a lot for quite a while after you stop waving it around.

APOCALYPSEFUCK is Comptroller says

Housing prices never go down. Never have. Ever.

Unless buyers do exactly what they are told by REALTORS, they and their children will die homeless, freezing in the dark and begging for someone to shoot them.

In fact, every house in the US is worth at least twice what any house now costs in Westminster or Notre Dame and is underpriced, no matter where it is in the US.

Make me a bastard child.

Gold just took a ride is all, its popularity soared, still many buyers at this price level, central banks are still buying, bit of a move right now away from paper gold and towards physical right now. Not everyone in the world has an FDIC or anything resembling an honest bank on every street corner like we do.

http://www.independent.co.uk/news/business/news/dollar-tumbles-on-report-of-its-demise-1798713.html

Call it Crazy says

waiting_for_the_fall says

I know a great deal on tinfoil hats in case you're running low...

I got mine!!!

*

I know right? It's crazy. I just have to deflect this factual nonsense so that Satan doesn't poison my brain and turn me into one of them.

Here is another newer article on gold & where it's going at the moment.

http://www.mining.com/web/the-eastern-lust-for-gold/

Maybe if they are face fucking me, they are giving my asshole a break.

That's why I bought in 2010, while the gittin was good.

bgamall4 says

debyne says

I refuse to accept the facts you've presented and choose to hide in the comfort of the masses by presuming you're part of the black helicopter crowd.

You are being sarcastic! You must be the female version of apocalypse.

Haha...I'm glad you picked up on it.

The shill is howling - good. Let's get rid of the taxpayer drains FNM and FRE. It's cash or fuck you, or more like in terms of risk-assessment viable 15 yr mortgage or fuck you, America ;)

Call it Crazy says

mell says

The shill is howling - good. Let's get rid of the taxpayer drains FNM and FRE. It's cash or fuck you, or more like in terms of risk-assessment viable 15 yr mortgage or fuck you, America ;)

Now you sound like someone with the initials AF...

Mell, you have to say it right

Its CASH or FUCK YOU AMERICA!!!

indigenous says

Show me.

It's well documented that he was short gold and silver in the fall of 2011. I know because I was too.

Fair enough I stand corrected. Again what is his prediction of the low being next year based upon.

marcus says

I for one think alien involvement is more likely. By the way, doesn't this guy sort of look like an alien ? The wig and make up doesn't fool me.

Marcus - you're being worse than bgamall4! There's no way aliens were part of this attack...it was never reported in the media or by our trusted gov't officials.

Plus, I just wanted this thread to go back to the top of the list :).

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

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 Thursday, December 5, 2013 __ Level is 101.2

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

Imagine: Someone deleted posts on a discussion thread.

What kind of scuzzball slime would do that!

The Zionists have corrupted the tin foil industry so tin foil no longer contains tin.
Happy Hanukah!
They also steal individual socks from dryers.

This is one of my personal favorites. Who the hell takes a family picture with one of your children off to the side like that? She's not even red-headed, let alone an alleged step child.

Also, look at the girl on the left...where are her legs?

Here's hoping someday you experience a horrible family tragedy that lonely, sad dipshits on the internet can blame on Jews.

It's a well known fact the Zionists created Las Vegas to turn into an internment camp for loonies.

HydroCabron says

Imagine: Someone deleted posts on a discussion thread.

What kind of scuzzball slime would do that!

Hahahahaha!!!

If all armies are abolished then who enforces the Zionist agenda? Try to acquire some common sense after you take your meds.
Build a shrine? You're afraid of a shrine? Do you know what a shrine is?
If the underlying message you're trying to convey is that we shouldn't give power to religious people then I'm with you on that.

bgamall4 says

I deleted your post, infidel, because you are a liar. You are scum. And I hope you never come back. If you want to have your posts stay up, odious as they are, perhaps you could spring for the 5 bucks to pay Patrick, you skinflint.

Nyah! I'm taking my ball and going home to tell my mommy!