patrick.net

Homeboy says

Nope. Not at all. Everything you have "explained" is already patently obvious, and you have explained NOTHING I asked you to explain.

It is patently obvious--I agree. That's why I'm having so much trouble understanding what you don't get.

Homeboy says

Are we talking about the NASDAQ?

lol--you're kidding, right? So, your contention is that the DJIA only moves in the "upper reaches" but the Nasdaq isn't so constrained?

Homeboy says

tatupu70 says

Whatever starting point you pick, you measure the % gain (or loss) vs. that point.

Percent of what?

% Gain or Loss in the index. I think you're just trolling at this point, so I'll be done now.

APOCALYPSEFUCKisShostikovitch says

There is no reason at all that an abandoned ranch house in Detroit should not cost at least as much as a townhouse in Kensington. Get real!

I would think more. Much more.

Tim Aurora says

But get this, Santa Barbara is 3 times more affordable than Beijing, Shanghai and Mumbai.

So you expect actors from Bollywood to be moving to SoCal soon?

I guess its news to Realtors in the USA BRIC nations economies are booming...

Tim Aurora says

Also, this is the reason why Chindians are buying property in US

no...more like they might be hiding embezzled government funds. and they wrongly believe they will get away with it. Or another question is how do you allow a member of the Communist Party own US property since they are not allowed to entry and hold residence this country.

Tim Aurora says

But the reason the property prices and rents are so high in San Fransisco is exactly for that reason. ( and of course the weather is nice too). It has high paying jobs which no other place in the world has.

Once you get into Tech, you find your not the only kid on the block and Tech employers are global with distributed workforce... which we compete and sometimes loose to DRAM Business is all Japanese control... it was otherwise only true in the 80s we had all our workforce locally, the number of employers and employees is shrinking...

ah the weather... or the other side of the coin... lack of water ! While it may be true the East is suffering a cold blizzard... they are getting far more rain and water which we (CA) could do with...

Bob, if you aren't merely a toxoplasmotic troll, why can't you answer my question, i.e. why can't you produce any evidence to support your false accusation? And what impelled you to comment on this thread, which was about domestic politics, when your only comments have been to troll me, without even attempting relevance to the OP? Surely a healthy person with the intellect you claim to possess could think of something better to do - go find a cure for cancer or something if your t. gondii will allow you a break from swimming with sharks and driving sidewise at 80mph and trolling for fights all over the world.

Perhaps there is a lesson about the OP after all. With the preponderance of fight clubs, voter allegiances fall along the divide and misrule lines of "the enemy of my enemy is my friend." Of the hundreds of PatNet users, less than 1% troll me, and they don't even agree among themselves about much if anything else. Yet, in what's left of their infected and decaying minds, they are "everyone". (To quote their patron saint, "My name is Legion: for we are many.") The moment I make the mistake of indulging one of them, the gang's all here, like junkies hoping for their fix. The Republicans are having a civil war about whom they hate most, and the "Texan" Cruz is their Bob, who also boasts of having real estate in Texas. The lucky "winner" will be allowed to join them at their fight club convention, until such time as they decide they hate him more.

mell says

tr6 says

mell says

I suspect the dollar will continue to weaken as they can't stop printing in order to keep the market at these levels and gold will rise.

Dollar is hitting records against some EM currencies. If liquidity is removed by taper, dollar might continue getting stronger.

On full taper towards zero I can see that happening, also likely any short maket bloodbaths will strengthen the dollar. But I cannot see it gaining significant strength against the EUR, I think while rangebound for now the EURUSD will eventually go to 1.40+.

We crossed 1.37 in the EURUSD. Dollar down and gold up - keep printing, piling on debt and burning the country down.

http://finance.yahoo.com/news/asian-stocks-steady-dollar-wobbles-001354042.html

Gold is viewed as a safe haven particularly when the dollar was sinking back in 2005 - 2007. Look at how well GLD did since 2004. When it became overbought then investors dumped it, as its annual rate of return was average 20% per year. I believe it is a good buy when its 10 year average annual rate of return is within the range of 8 to 12%.

Looking at VGPMX (Vanguard Gold and Precious Metals Fund) with the annual rate calculator on buyupside.com, the average annual return for this fund is

8.36% from 1987 to 2014
14.69% from 2001 to 2014

I choose 2001 because that is when the Federal Reserve loose monetary policies started. One could reasonably assert that the stock market gains leading up to the peaks in 2007 and possible 2014 were due primarily to Federal Reserve policies. I heard about 4 months ago on CNBC a panel saying that 1/2 of the stock market gain is due to the Fed policies.

Any comments about this ?

I never thought gold could correct anywhere significantly below $1300. It definitely has been weaker than I thought with briefly breaching $1200, but now that the Fed is caught with their pants down printing into oblivion gold has resumed its uptrend and the dollar is in the toilet, with the EURUSD heading towards $1.38 as we discuss. Way to ru(i)n an economy ;)

Tim Aurora says

And Atlanta, a flourishing city with job is one of most affordable places in the world. Go look for yourself.

have you been to Atlanta? I went a lot when I lived in the region. It sucked back then. It sucks even more now. Go visit and get back to us...

Tim Aurora says

I live here in Atlanta and love it. Lush and Green. Good weather, snows once in a while. Good Airport, close to the hills .

And best of all lot of tech and finance jobs.

The freeway system there is a nightmare. I just always felt that Atlanta was basically like a Southern version of LA without any of the positives and all the negatives. Its problem is that it grew too fast and all of the residential areas were built way outside of the city. I remember whenever we went to the beach and had to drive through ATL everyone in the car had to be quite as Dad drove through it on the 12 lane freeways. Even here in the Bay Area, the traffic is never as bad as ATL. Not by a long shot.

How much you wanna bet the Liberals bail out the Soda industry before 2016?

Americans are waking up to not needing diabetes and osteoporosis in a can? One can hope.

Who's America's biggest Water distributor?

That chart is really misleading. The least affordable cities are also highly sucessful ones with robust economies. Meanwhile the "Most affordable" ones are rust belt cities... well most of them on the list except ATL. The thing is that the houses might be comparatively cheap in Detroit, but the job market sucks so are they actually affordable? Probably not.

So which is it, are we drinking 17 cases of water a year, or 17 cases of Coke?

Two companies dominate the world market for branded bottled water: Groupe Danone, based in Paris, and Nestle, S.A., based in Vaud, Switzerland. The former markets Evian, Volvic, and others, including Dannon spring water. Nestle markets such majors as Perrier, Vittel, San Pellegrino, Poland Spring and Deer Park.

The US subsidiaries of these global giants are jockeying for shelf space with private label, regional and niche products, and with two formidable soft drink giants: Coca-Cola and PepsiCo, marketing their own brands of water.

Just last week, Loyola University in Chicago announced it would stop selling bottled water in cafeterias and on-campus stores this fall, and remove bottled water from vending machines starting in 2013. Loyola joins at least 15 other schools in the U.S. and Canada in banning bottled water sales, including the University of Vermont, Washington University, DePauw University, and Harvard’s School of Public Health.

At least four major municipalities — New York, Seattle, San Francisco, and Chicago’s Cook County — have banned use of government funds to purchase bottled water.

Despite the record amount of water sold — 2011 beat out the previous, pre-recession year of 2007, when volume was 8.8 billion gallons — 2011 was not a record year in dollar sales of bottled water.

At retail, Americans spent $21.7 billion on bottled water in 2011, just under 2007’s spending.

The big three bottled water companies — Coke, Pepsi and Nestlé — have been discounting water heavily in the last few years, to sustain sales through the recession and the growing opposition.

OK everybody stop drinking anything, until the Liberals get to the bottom of what we should all dink and NOT Drink!

Don't drink the soda,
don't drink the soda with artificial sweetener
oh and Don't drink the water...

Don't drink the Kool-Aid comrades.

It seems as though the so called market experts who trade gold don't know what the hell is going on either with the price movements.

Analyzer says

It seems as though the so called market experts who trade gold don't know what the hell is going on either with the price movements.

SFAce was buying GDX in December, easy 25% in two months.

bgamall4 says

Real tears come with a real emotional experience. Liz Taylor was not a method actor, and drew on real emotion from the past. The fact that these bad method actors did not cry a single tear or have a single red eye condemns Sandy Hook to being a total fake. Give it up Bigsby, you are making a fool out of yourself. No tears by all the participants. Obvious method acting in hyperventilation for Carlee and Robbie.

Don't continue to be a dwarf, Bigsby.

Why didn't the folks in charge of Sandy Hook hire better actors then? Crying on cue isn't exactly a difficult skill to acquire--I would think there are thousands of actors out there that could have fit the bill.

In fact, I question whether there are any professional actors that can't cry real tears. That's pretty much a basic skill. A better argument can be made that they can't be actors because all actors can produce real tears when needed.

tr6 says

Analyzer says

It seems as though the so called market experts who trade gold don't know what the hell is going on either with the price movements.

SFAce was buying GDX in December, easy 25% in two months.

And how many picked the opposite trade?

Tim Aurora says

The chart is a stat, so it neither pointing or misleading.

It is because the way its being presented is that here are the most and least affordable cities when in fact a city like Detroit which has lost 60% of its population and is bankrupt simply does not operate on the same economic scale as the rest of the cities on that list. Given that a huge chunk of its population lives in poverty shows that there's not hardly a huge number of people who can afford even the houses there. So is it affordable? Not really. It might even be less affordable than some of the ones at the top of the list ranked as least affordable.

My point is, we'll be bailing out Pepsi and Coke before we know it.

The to big to Gulp act.

bgamall4 says

So, Tatupu, you don't get it. People aren't actors and don't notice most of lthe time unless they are trained to notice. Many Sandy Hook Hoax proponents are trained or are learning like I am. No tears, no red eyes, you can be considered a good actor, but you are not being real.

How many kids died? How many parents are you saying are actors? Remember when I asked you how many family and friends you have? How many family and friends do these people have? How many of those have come forward to say that they are actors playing a role? Do you get the point, and do you get how bloody stupid you are being?

Jesse's hotdogger goes flaming horndogger and winds up in wedding dress at Attica.

Zimbabwe says "machete massacres OK, but no man can have more than 80 wives."

Tim Aurora says

Get this, it is a stat. You can form your opinions based on the stat and you can argue against some of the obvious conclusions that people draw ( just like you initially did regarding Detroit and then went back again and said, "no my initial conclusion was wrong") but this is just a stat.

I didn't say that " My initial conclusion is wrong". with regards to that chart. And yes, its a stat. Duh? And I drew a conclusion.... duh again. So what is your point? I think you also need to go and re-read what I just wrote above, which is that within my reaction to the chart I said " Most" in regards to the cities of either selection in regards to my commentary. If you disagree with what I have made of the stat then fine, who cares. But misquoting or misinterpreting what my response was isn't very helpful.

I don't expect this to happen. Republicans never have & never will allow this type of Socialism & govt. interference in the Free Market.LOL

Tim Aurora says

Like it or not that could be good news for existing housing price.

That depends on what you mean by "good news". To most on this board that means falling prices.

I agree with the conclusion of numbeo website. It seems to me that rather than acknowledge and analyze their results, people try to discredit the researchers and claim that they have america-centric bias. However, some number are not subject to biases, namely cost of living and housing costs.

Only a fool would buy in this market.

"LACK OF BUYERS!!!!"

The Bulls ask,"What the Hell do buyers have to do with home sales?"

tatupu70 says

It is patently obvious--I agree. That's why I'm having so much trouble understanding what you don't get.

Ah, quoting out of context - the last resort of one who has been beaten.

The things YOU EXPLAINED are patently obvious. But the things you explained are not the things I ASKED you to explain.

tatupu70 says

lol--you're kidding, right? So, your contention is that the DJIA only moves in the "upper reaches" but the Nasdaq isn't so constrained?

My contention is that we were discussing the DOW, and you all of a sudden substituted in the NASDAQ. Why?

tatupu70 says

% Gain or Loss in the index. I think you're just trolling at this point, so I'll be done now.

So you don't understand that a percentage has to be OF something? Wow, I am floored. Didn't think I needed to explain this, but 10% of 100 is a different amount than 10% of 1000. If you are talking about a percentage, and you don't know what it is a percentage OF, then you quite simply don't know what you're talking about.

It's not inventory, it's price. The houses on the market are going to sit there until the prices go down.

Oh? No cash buyers for New Houses?

This picture tickled me. Would you buy a condo with that many lockboxes on the property?

Then again, maybe this condo complex simply needs a metal cutter like the other one.

Here in the Northeast, the low inventory means high prices and houses still going under agreement withing days or weeks. I don't know where you all live, but even I feel like I missed the boat and am willing to pay more for less.

I live in the northeast, and our lease ends in june. So we've been shooping both the rental market and the used house market. There's plenty to pick from, but the majority of it is overpriced crap.

I already own one house, but for our current needs, renting a primary residence has been a much better deal ( 1375 per month rent for a house that will hit the market @ 270k)

Agreed. Most is overpriced crap. I should have been more specific...anything worth looking at is closer to 475-600K in MA and things in that range are still going pretty quickly (and even with that, most of the houses still need upgrades). I was looking to pay between 400-450K and am now trying to figure out how to do 550K or more. I can only swing that with a huge down payment (which I have, thankfully) but only in locations with lower taxes. Unfortunately, the towns I am looking at have very high taxes (10K or more for that price range).