patrick.net

hrhjuliet says

But you are talking about a totally different time. You can't compare the eighties to now. The housing market was never more than twice the median income in the eighties. It's a completely different market now. Actually, it's one of the historically radical differences within this market and why a lot of people feel it's volatile and artificial.

I lot of people feel it is volatile and artificial because so many got burnt so bad. People are justifiably scared. The 2008 crash was the worst since the Great Depression. I'm sure people said similar things in the years following the depression, but bad times do not last forever. If you stay focused on the long term horizon you would have seen 2 years ago was the perfect time to buy. If you missed the boat, don't worry, another boat has just arrived.
This is truly a once in a lifetime opportunity you cannot ignore. We don't live in caves anymore, we have to build houses. The last 6 years saw very little home building, which has resulted in a severe housing shortage, which is exactly why rents are so high.
A few months ago I even put my parents retirement account, and my sons college savings into home building stocks, I'm that confident.
Housing is not going to zero.

I didn't miss the boat, I just can't get behind a market that has dramatically shifted from the historical average. I know a lot of people who were burned in the last boom and I was suspicious for the same reason the last time and even had people angry at my husband and I for not buying into the market we were told by all the experts would never go down. Well, it did go down, and it seems just as odd and questionable as the last time.

housing already went back to historic norms. if this chart doesn't scream BUY i don't know what does:

New Renter says

Well if you bought the RIGHT car back in 1938 and kept it up you could sell it today for a bit better than inflation

Except that you'd be WAY too old to enjoy the money.

Strategist says

So what if the dollar loses value? Has no relevance to the standard of living.

Cell phones, large screens, computers, life saving drugs, internet did not even exist a hundred years ago. How the hell are you gonna make a comparision? Our standard of living is determined by the introduction of new technologies, not maintaining the value of a currency.

Our standard of living is based on both. Just imagine how much better off we'd be if we didn't destroy our currency or wealth while yet kept innovating. I don't think an Iphone 5 would cost $500 but certainly not 10 cents either.

This graph does not apply to the
Bay
Area
If it did, you would see a giant slant up way past its historic average. Something is still not right here.

hrhjuliet says

This graph does not apply to the

Bay

Area

If it did, you would see a giant slant up way past its historic average. Something is still not right here.

typical ploy for some to mask the still over inflated SFBA home prices.. still open to
correction...

Call it Crazy says

what he seemed to believe was ‘white privilege.’”

wow... thats remarkable... how people have changed completely what Robertson
was saying...

"being white trash poor farmer working with black farmers in the fields hoeing cotton."

thomaswong.1986 says

"being white trash poor farmer working with black farmers in the fields hoeing cotton."

No, no -- he suggested that blacks didn't seem to him to be suffering all that much before the civil rights movement.

Look, we all gets a kick out of rustic hirsute hillbillies with highly delineated eyebrow musculature; but face it, Tom...it's pretty fucked up thing to suggest.

I gotta say...Emilie's arm is looking a-okay to me, Big Mal.

JodyChunder says

No, no -- he suggested that blacks didn't seem to him to be suffering all that much before the civil rights movement.

Look, we all gets a kick out of rustic hirsute hillbillies with highly delineated eyebrow musculature; but face it, Tom...it's pretty fucked up thing to suggest.

no.. he made no such comments about the civil rights movements. the critics would like to make many people believe what happened in Mobile Alabama or Mississippi was common across every city in the South, even in a small town in Louisiana and of course, every white person was in the Klan enforcing Jim Crow laws. THEY ARE WRONG!

what Robertson was critical about was entitlement and welfare which has crippled Black communities.. Heck there are lots of Black Economists and Political figures who also state that.

it would be a shame to overlook that in a small town in Louisiana, where Robertson came things were different and perhaps poor white farmers were more respectful to poor black farmers as they both worked in the fields..." I am with the Blacks"...seems to have been lost in his comments.

Yes, Jim Crow laws and Racism are wrong and immoral.

"I never, with my eyes, saw the mistreatment of any black person. Not once. Where we lived was all farmers. The blacks worked for the farmers. I hoed cotton with them. I'm with the blacks, because we're white trash. We're going across the field.... They're singing and happy. I never heard one of them, one black person, say, 'I tell you what: These doggone white people'—not a word!... Pre-entitlement, pre-welfare, you say: Were they happy? They were godly; they were happy; no one was singing the blues."

Deleting again and again, I see. Surprise, surprise. And continuing with the insults. You complain about people calling you crazy, and yet you insult all the time and are now making repeated childish dick remarks. How old are you?

And you really shouldn't reference the word desperate when you've deleted the post. This was the post by the way:

You have everything arse backwards. You decide it's a hoax and then desperately search for evidence.

You say they are crisis actors and your 'proof' is a couple of blurry photos of women with a passing resemblance to one another. That is the best your fellow conspirators can come up with having trawled the internet. Homeboy spends a couple of minutes finding two clearer pictures which put a lie to what was obviously a moronic claim in the first place. And yet you keep reposting said blurry images.

Your other 'proof' is a family photo, a first press conference for an individual whose child has just been killed who exhibits a reaction not uncommon as reported in psychology journals, and er... what else? Oh yes, 'look no tears!'

That's the sum total of your 'proof', isn't it? Well, isn't it?

You are a desperately sad individual. Get some help and stop peddling your shite on the internet, attacking people you've never met and who have suffered an appalling experience. Seriously, what you are doing is utterly despicable. You should be ashamed of yourself.

bgamall4 says

No, they thought they could get by with a hair and eyebrow change and maybe different makeup

Makeup doesn't cover a cleft chin, you dumb fuck. Are you blind, or willfully obtuse?

bgamall4 says

But thanks the link. If Americans are too foolish to understand this obvious connection, the false flags or fake hoaxes will become more common.

No, YOU don't understand the connection. Some conspiracy nuts found the crisis actors website, saw the picture of Rebekah, and thought, "Gee, how can we turn this into some kind of conspiracy theory?" The two women have absolutely nothing to do with each other, and in fact only look vaguely similar. If you take even the slightest effort to examine their faces, you can see without a doubt that they are not the same. That is, if you are capable of thinking rationally.

Your scenario makes no sense. Why would they publish a picture of the woman they planned to use to impersonate someone else, if they didn't want that person to be recognized? It's just stupid on its face, bgamall.

JodyChunder says

thomaswong.1986 says

"being white trash poor farmer working with black farmers in the fields hoeing cotton."

No, no -- he suggested that blacks didn't seem to him to be suffering all that much before the civil rights movement.

Look, we all gets a kick out of rustic hirsute hillbillies with highly delineated eyebrow musculature; but face it, Tom...it's pretty fucked up thing to suggest.

Yeah, sadly so and it appears in this day and age there are many who long for those bygone era. He is a farmer and had blacks work for him who by law-oh well forget it. No point in talking to people who think what they endured before civil rights is just fine and dandy.

Now modern day welfare ain't right-but that is not something blacks or any other race . Gubmnt started giving it and naturally the takers took . There is an easy solution for that-gubmnt can turn the tap off.

thomaswong.1986 says

no.. he made no such comments about the civil rights movements.

Well fuck me, he might not have employed the exact words Civil and Rights, but it's not exactly a gross inference. He's working from a tea party tear sheet.

I was stationed in and tore ass around bammy in the late 50s. Trust me, Tom, it weren't no fucking holiday for brothers. Stories like the Tuskegee Airmen were not the rule, for that area.

And just because you were poor, white trash, doesn't mean you know dick all about the mental anguish endemic to the African American during those years. Don't try to speak for them. You're out of your depth, Ducky.

As for entitlements and all that jazz...that's just a hobby horse for redneck nerds to gas on about. If Americans really gave a fuck about entitlements and welfare, nobody would ever use a bank or buy a Harley, or eat at McDonalds. With all due repsect, Thomas, what a ripe crock of shit.

well everyone should have equal rights and opportunities but equal rights and opportunities don't necessarily bring happiness. the human psyche is complicated.

women were happier before and so were Blacks that were treated well.

when a person has the same chance everyone gets and they fail, they have no choice but to blame themselves. and that makes them unhappy.

when Whites gave women and Blacks equal rights and things like Affirmative Action they took away all excuses. no wonder they are mad.

bgamall4 says

A comment from the video above, Jody:

Lanza fired 154 rounds from the assault rifle. He thus had to eject and load at least 6 of the 9 30 shot lips he was carrying. Where did he get the training to efficiently do that in 5-7 minutes??: the Green Berets??

I thought you said it was a hoax. What's your story now? Another shooter on a grassy knoll?

And the Wikipedia page says he entered shortly after 9:30 and the final shot was fired at 9:40:03. Where do you get the 5-7 minutes from? Roughly 10 minutes. 15 rounds a minute. Let's say it was 5 minutes, so one magazine a minute. Hmmm... Yeah, he'd need to be a member of the navy seals. Or perhaps not.

You guys are fucking nuts. Emilies arm cannot be denied!!

Call it Crazy says

Mark D says

housing already went back to historic norms. if this chart doesn't scream BUY i don't know what does:

So what the hell are you doing sitting here typing??? Go out and buy a house.... NOW!!!

you guys must have missed some of my posts. i bought a year ago.

hrhjuliet says

Something is still not right here.

a bunch of tech companies in that area. that is expected.

Call it Crazy says

Strategist says

Example.....

I bought my first home fresh out of college in 1986 with a stated income, neg am loan. Start rate 7.95%. I lied through my teeth to get it. My parents helped me out with the 25% down.

Strategist says

My wife pays all the bills. She says I am irresponsible.

I wonder why she feels that way????

That's how women are. Most families we know, it's the wife who manages the household finances. It's biology. Females are more responsible and focused, while males are more into making money, partying and flirting with waitresses.
I have been more successful with investment decisions. It's a great partnership, which in our case has survived the 25th anniversary.

hrhjuliet says

I didn't miss the boat, I just can't get behind a market that has dramatically shifted from the historical average. I know a lot of people who were burned in the last boom and I was suspicious for the same reason the last time and even had people angry at my husband and I for not buying into the market we were told by all the experts would never go down. Well, it did go down, and it seems just as odd and questionable as the last time.

Emotional decisions are the worst decisions. Carefully thought out rational decisions based on facts is the way to go.

"This is your last chance....."
When have I heard that before? Oh yes, it was in 2005.

Better buy now or you'll be priced out forever.
They aren't making any more land!
It is an all new paradigm.
We are at a permanently high plateau.
House prices only go up!
Better buy now while interest rates are low.
etc

It's funny how the people promoting buying now are the people who have a vested interest in prices going higher (investors).

thunderlips11 says

you can't make more land

Permafrost Melting Rate Could Be Faster And Worse Than We Thought, New Study Finds

http://www.huffingtonpost.com/2013/02/22/permafrost-melting-rate-2013_n_2741486.html

bgamall4 says

Because they knew there would be people like you around and they thought the makeup differences and hair coloring would do the trick.

That wasn't the question. Try to focus for a second, bgamall. The question was, why would they PUBLISH a picture of the actress if they planned to use her to impersonate someone else? Rather than PUBLISH a picture of her, and then try to alter her appearance to make her look different than the picture, wouldn't it make more sense to simply NOT publish the picture in the first place? Are you starting to understand that your scenario makes no sense whatsoever?

bgamall4 says

But what you all have to remember is that fake crying, with hyperventilation, no tears and no redness of eyes in the absense of tears is not debunkable. You cannot debunk fake crying.

You are changing the subject. Rebekah has a cleft chin and crooked teeth. Kaitlin does not. Therefore THEY ARE NOT THE SAME PERSON. You have not responded to the point that Kaitlin does not have a cleft chin. That is part of the bone structure of the jaw, and cannot be faked. Nobody gives a shit about your "tear wiping" nonsense, because you have not addressed this far more important evidence.

John Bailo says

Permafrost Melting Rate Could Be Faster And Worse Than We Thought, New Study Finds

A even more disturbing (related) read, let's hope the speculation of the most extreme scientists is wrong.

http://www.tomdispatch.com/post/175785/tomgram%3A_dahr_jamail%2C_the_climate_change_scorecard/

(warning: you might not want to read it - very disturbing/depressing)

Miike says

Nw888 where are you looking if you dont mind me asking?

If i remember correctly from previous posts, you are looking in S. Cali area. Ive been looking in S. Cali and in certain places, it seems that prices have come down a bit.

Also, I know from previous post that your wife is a physician. I dont know what you do, but dont you think it silly that one a physician salary you cant afford a nice home in S. Cali?

I think affordability is crap in S. Cali... unless investors can maintain these prices, I feel like they ahve to come down sooner or later.

Not a problem at all. We're looking mostly in Pasadena and Altadena. Sometimes South Pasadena, and we've given up on San Marino. SP and SM are pretty pricey. I nice home, 2500-3000 sqft, is upwards of 1.6-2.1 million. We don't want to pay that much just to be in a good school district, although they are both very nice areas to live.

The whole Pasadena area, especially with slightly larger homes on 1/4-1/2 acres didn't budge too much.

We weren't ready to buy from 2009-2011. Too many life changes and chaos. That would've been the time, although most places were going for what people paid in 2005-2006, or even more.

Admittedly, we're looking for a home that is probably a bit more than most, but they sure don't feel that amazing. Just normal family homes with a pool and a decent back yard. They're still fixers that need another 150K put into them to be nice.

Miike says

JFP says

Agree completely

agree... bad time to buy in my opinion. I know others disagree here, but just a gut feeling.

I think it's ridiculously expensive, but I don't know what is realistically going to change things in the next 2 years. I think it's just going to get worse or level out. I don't see it getting better. I could be wrong though.

In the los altos and cupertino area, at least, supply is at all-fcking-times-low.

Check it out on mls. Check out 94040, which has (for the most parts) good schools in mountain view.

Likely 2014 may mean the most ridiculously high increase in housing prices ever in this area.

Unless, of course, interest rates raise to 6%, and investors start really dumping.

Would anybody consider investor dumping a high chance event in 2014/2015?

There are dozens of DIY crypto currencies
Quark
Lite
Name, to name a few

I think most are living on a knife edge, where the slightest movement means getting cut. And there's no chance of standing still to save yourself.

There's going to be blood in the streets before it's all over, metaphorically speaking, of course.

So we all agree on a few things...

1) inventory is at or near all time lows
2) interest rates are low, near all time lows
3) prices are high as bubble prices in 2006
4) affordability is horrible
5) investors are backing off
6) wages are not increasing much

Arent these all arguments to suggest that prices have no where to go but down since each of these factors will likely not be maintained at these levels?

Bitcoins arent the future? says

You're right, there are a lot of these. Most of them copied the code from bitcoin.

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

"As of December 2013, all except Ripple are based on the ideas and code of Bitcoin. By December 2013 there were more than 60 cryptocurrencies available for trade in online markets."

If you're familiar with it, Ripple is kind of like Bitcoin + Mt.Gox combined.

From what I see so far, its an awesome ForEx trading platform, if nothing else.

They are all based on nothing BUT the payment platform is very useful
There seems to be no need widespread need to hold or use these currencies other than for spec purposes. There will probably be a lot of price appreciation until the market gets saturated

Mark D says

interest are going to go up from here. historically speaking, 4.5% is very low.

the rise in interest didn't cause prices to drop so why wait?

i personally think prices go won't go up much next year if any. but they sure as hell won't go down with this level of low inventory.

I am assuming by all your posts that you are a real estate agent. The posts remind me of the ads from back when I was a kid for used car lots.

bgamall4 says

But what you all have to remember is that fake crying, with hyperventilation, no tears and no redness of eyes in the absense of tears is not debunkable. You cannot debunk fake crying.

Therefore the entire thing was a hoax. If someone died that is terrible and makes it even more wicked, but I don't believe that was the case.

But deceiving the American public like this is inexcusable. These crisis actors will live the rest of their lives being confronted by the millions of people who know they are scum.

The confrontation should not be meant to harm them as that will make liars into martyrs. No, it should be confrontation for the purpose of humiliation.

So when are you going to Sandy Hook for this 'confrontation?' Do you have a video camera?

Mark D says

women were happier before and so were Blacks that were treated well.

Sorry, but that's some fucked-ass motherless motherfucking bullshit.

JodyChunder says

Well fuck me, he might not have employed the exact words Civil and Rights, but it's not exactly a gross inference. He's working from a tea party tear sheet.

he was never asked about CR.. all he did was speak that in his town in LA, black
people were godly and respected. your applying a wide brush stroke across all
of Southern States and White people without exception.

JodyChunder says

As for entitlements and all that jazz...that's just a hobby horse for redneck nerds to gas on about. If Americans really gave a fuck about entitlements and welfare, nobody would ever use a bank or buy a Harley, or eat at McDonalds. With all due repsect, Thomas, what a ripe crock of shit.

http://www.youtube.com/embed/2GklCBvS-eI

thomaswong.1986 says

black

people were godly and respected.

No, I'm speaking empirically. I think this gentleman must be conflating stoicism or resignation or Stockhausen syndrome with Godliness. None of which vindicates pre-civil rights-era mistreatment of blacks in America.

I once beat the living shit out of a shithead kid I knew who was getting drunk and beating his wife and two boys. I ended up in county, and it was his WIFE who pressed charges. I still think I did the right thing.

JodyChunder says

Pros:

1.) two beautiful coastlines (including Siesta Key and various surfable inlets) less than an hour away.

2.) beautiful FLA snatch everywhere

3.) low-ish cost of living/no state tax/low property tax

4.) mild winters

5.) cheap international flights from OIA.

very very true...