patrick.net

boomers have to live some where. they aren't going to move out of their big houses and live in their cars.

prices for small homes will go up. rents will go up and drive prices for small homes to go up even more.

btw, they like warm weather so buy in CA, FL, and AZ.

Bellingham Bill says

http://www.zillow.com/homedetails/1700-W-Cliff-Dr-Santa-Cruz-CA-95060/95286785_zpid/

million-dollar lot, $500/yr property tax to keep it undeveloped

If you think they are $1M lots, you should be buying up Bodega Bay instead of complaining.

Over 50% investors in the LV market that eventually ran out of the greater fool to sell to?
Who could have seen this coming?

I wish it was true. I had made offers back in 2009 for Meridian condos, 1 block east of Ceasers Palace on Flamingo. 2 bedroom condos were $60,000 to 70,000, almost 90% off their peak prices. I did not buy as the banks ( all of them were foreclosures) refused to negotiate. A few months ago they were going for around $150,000. After getting all excited after reading this article, I went to Redfin to check what was available. I could not even find one condo for sale at this large complex.
That zero hedge web site has zero truth and zero credibility. It's for suckers.

Whatever happens, eliminate pre-existing coverage for all Rep/Con/Teas.They should not have gotten sick & when they did,they want Free Market insurance companies to cover them for cheap.Private insurance companies should be able to charge whatever they want & refuse coverage to any Rep/Con/Tea that has ever been sick.
This is America. Love it,or leave it.

You guys lost. Get over it.

edvard2 says

You guys lost. Get over it.

When we lose you lose?

Somebody has to work a grownass man's living wage, so the Liberals can tax them and manufacture Unicorn Farts and Pixie social fairy dust.

Consider us the wheels, when we stop turning, you'll have to get out and walk. And let me tell ya brother, it's a long way to the shop if you wanna sausage roll.

And in case you can't read Ducky's graph, Las Vegas inventory is down 10% (year-to-year) for November and sales are up 11%, according to Redfin.

Call it Crazy says

think the 800K people in NJ lost it... (their insurance, that is...), not "us guys"...

Ironic that it happened in a "blue" state......

still lost. too bad.and guess what? It will be the same tomorrow, the next day, and so on.

nope. You are incorrect. But it is correct that you guys lost the election, lost the healthcare debate, lost shutting down the government, and will keep on losing. So keep posting silly articles: Won't make a bit of difference except waste a bunch of time.

Oops. Which election was that 'we' lost? If you're referring to 2010 and 2012, the Republicans won more elections than the Democrats.

And, it doesn't waste time to remind voters exactly who lied to them and exactly who said they could keep their doctors, their healthcare plans, and save an average of $2500 per family if Obamacare passed.

We didn't lose the healthcare debate. One of the most liberal states in the U.S., Massachusetts, elected a Republican to be the deciding vote against Obamacare, but of course, the libs cheated on the process, the Healthcare bill was NOT implemented first in the House as mandated, and rushed a vote before the Massachusetts Republican Senator Scott Brown could be sworn in.

You guys just keep your smug lies coming. Your day of reckoning is on its way.

Obligatory:

Since we are supposed to turn over all our personal info to Obamacare, I wonder if the govt will merge all their databases and simply manage everything from one. For example if you get a parking ticket, the gubmnt may simply deduct the money or tag it on to the premium.

For example Las Cruces, new Mexico is threatening to turn off gas, water and sewer services over unpaid photo radar tickets.

Now if there is a central database, then we are doomed. The NSA may be a precusor to a world controleld by big gubmnt.

jackrusse1l says

Oops. Which election was that 'we' lost? If you're referring to 2010 and 2012, the Republicans won more elections than the Democrats.

Oops. All of those tea party GOPer's who were sent in by their corporate backers failed to do what they were "supposed" to do for their handlers: Stop Obamacare at all costs. Hence like the election of all those Republicans did any good. Fail.jackrusse1l says

We didn't lose the healthcare debate.

Yes... you did.

Peter P? You mean tovarichpeterbot?

I predict the bubblebrainians of bubbleland will confuse their local market for the rest of the country and confuse this bifurcated housing market for one big raging bull market.

21. Roberto makes a comeback as Machete.

errc says

Peter P? You mean tovarichpeterbot?

Yes, corrected. I forgot to sort by number of postings and assumed he changed the name of the bot.

Dan8267 says

I predict that during 2014....

I agree with most or all of your predictions, but I will wait for video confirmation of #8 (AF and the realtor) - mostly because I think the video would make a great addition to PatNet.

curious2 says

Dan8267 says

I predict that during 2014....

I agree with most or all of your predictions, but I will wait for video confirmation of #8 (AF and the realtor) - mostly because I think the video would make a great addition to PatNet.

AF is smart enough to cannibalize anyone recording him skullfucking a realtor and to destroy the evidence.

Hi Dan, post of the year!
only thing is, to keep in character, you should have had at least 3 paragraphs per point.

"But it said last week that the federal government wouldn’t allow it to renew what it calls its Basic and Essential plans, which cover about 90,000 customers. Those plans capped the amount Horizon agreed to pay annually for benefits such as diagnostic tests, diabetes benefits and wellness visits"

So basically, they were saying, "Oh, you still have medical expenses? Sorry, we aren't paying any more." And you guys are mad because they aren't allowed to do that now. Seriously?

You know why New Jerseyans are going to have to pay so much for insurance? Because that fat fuck Chris Christie vetoed the bill to establish an insurance exchange. Way to look out for your constituents, there.

Yep
I wrote in June that this was going to happen
http://patrick.net/?p=1226117
http://smaulgld.com/the-coming-supplydemand-real-estate-inventory-reversal/

Las Vegas inventory is up 87pct year over year according to movoto

Las Vegas Real Estate Trends

There was a report on the radio about just how much more most states with Republican politicians that voted to do the bare minimum with the law- which was totally unnecessary- and this in turn has resulted in many of the residents in those states paying more than in other states who's elected officials enacted the law in full. So the irony here is many GOP lawmakers chastised the law but by doing nothing with the law caused prices to go up for their constituency.

Las Vegas sale prices reductions are also up since June

Las Vegas Real Estate Trends

Listing prices (not sales prices)are higher!

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 11, 2013 __ Level is 101.4

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

Looks as if the revised winger talking points are out!

Benghazi - Boo! Hiss! - seems to be pretty far down on the list, and the awful web site which was sure to doom Obamacare is now sort of working, so they're falling back on accusations of hypocrisy: "If it's so great, why aren't Dem congresspersons using it?"

Call it Crazy says

Because everyone else in the country will too??

Nope. I live in California, which has its own exchange. Prices are MUCH cheaper than New Jersey.

edvard2 says

There was a report on the radio about just how much more most states with Republican politicians that voted to do the bare minimum with the law- which was totally unnecessary- and this in turn has resulted in many of the residents in those states paying more than in other states who's elected officials enacted the law in full. So the irony here is many GOP lawmakers chastised the law but by doing nothing with the law caused prices to go up for their constituency.

It's not irony - it was deliberate. The republicans are deliberately trying to sabotage ACA. Then they can point to the problems that THEY caused and say, "See, the democrats' plan doesn't work, so vote for us."

Cheapest policy for downtown L.A., CA for a 50 yo - $275

Cheapest policy in Sussex County, NJ for a 50 yo - $391

HydroCabron says

sort of

If you managed to get that POS to work, congratulations, but pay careful attention to your answers before you submit under penalty of perjury. I found at least three instances where the California site changed my answers, and this is in December. They keep sending me deadlines, btw; President Obama goes on TV and tells everyone we have until the end of March, then I get another letter from the California site telling me I'm required to sign up by last week or face penalties.

I'm glad you can laugh about this disaster, and I suppose being burned alive at Benghazi would be worse, but this is a disaster anyway.

Look how the Controller waltzed back in!
http://www.youtube.com/embed/mmCnQDUSO4I

So you're from Vegas. How about some info from boots on the ground?

Strategist says

I went to Redfin to check what was available. I could not even find one condo for sale at this large complex.

That zero hedge web site has zero truth and zero credibility. It's for suckers.

just because there is no MLSlistings/Redfin doesnt mean there is no inventory.
pocket listings (unlisted ) inventory is a common now days..

Interesting enough chicago has made pocket listings illegal.

Pocket listings under fire in California | Inman News
www.inman.com/2013/07/11/pocket-listings-under-fire-in-california/‎
Jul 11, 2013 - The most common place to find pocket listings occurs in the ultra high end of the market. These listings are sometimes known as “discreetly ...

Secret 'Pocket Listings' Return in Hot Housing Markets | AOL Real ...
realestate.aol.com/blog/2013/05/02/pocket-listings/‎
May 2, 2013 - But with pocket listings, properties are kept under wraps and ... and Manhattan, pocket listings are becoming more common among more ...

MLS cracks down on 'pocket listings' of homes - Residential News ...
www.chicagorealestatedaily.com › Home › Residential News‎
Aug 1, 2013 - The move targets “pocket listings,” in which real estate agents quietly market ... They have become more common at lower price points as the ...

Call it Crazy says

The scheme worked like this: clients would turn over their stocks to Chapman as collateral for a loan, and Chapman would let customers borrow about 90 percent of the stocks' value.

If the stocks did badly, borrowers could walk away and keep the money they were loaned. But if the borrowers' stocks did well, they would repay the loan with interest, and Chapman was supposed to return the stocks to the investor at their increased value.

This is obviously a tax evasion scheme. So the fucker was doing this while ranting about "rich not paying their fair share" from every perch. What a slimy piece of shit.

Chirp. Chirp. Chirp. The silence is deafening here.

justme says

Chirp. Chirp. Chirp. The silence is deafening here.

Still working on these civil rights violation charges... Gonna get the kreepy-azz kraka any moment now.

Home Sale Prices In Las Vegas Drop
Realtors Association "Not Worried"
December 10, 2013 8:41 AM

The latest numbers from the Greater Las Vegas Association of Realtors show a 1.1% dip from October to November where the average price tag on a house was $183,000.

Total home sales dropped from October to November as well as year-over-year.

The month-to-month drop was 16.2% with just over 2200 homes sold last month. That’s a 17.9% slide compared to November of last year.

http://lasvegas.cbslocal.com/2013/12/10/home-sale-prices-in-las-vegas-drop/

Whole lotta people have falsely accused this poor man, for many years: niece, cops, co-workers, police, ex-fiancé, ex-wife, girlfriend.

They must have known he was going to be famous some day, so they falsely accused him to grab some for themselves.