patrick.net

Call it Crazy says

The first bar is the comparison of the start of 2013 to the start of 2012... (First 6 weeks) Then, the second bar is the comparison of the start of 2014 compared to the start of 2013. (First 6 weeks)

Yes, that is what you call YoY growth. 2014 had 8% more people making offers in the first 6 weeks than in 2013.

Call it Crazy says

Where did the 51% number come from? It had to be a comparison against something...

You already answered that question yourself - 2012.

Thanks RBES for adding some perspective, the thread was in danger of becoming too narrow.

El HydroCabron says

I wonder why ApocalypseFuck isn't Catholic - each week you get to eat pieces of the dead guy, and God fucked the dead guy's mother.

The issue is where to get fresh corpses now that the Inquisition is no longer allowed to kill people. That's why Cardinal Nazinger reached out to Muslims - those people are always killing each other. When Nazinger pointed out that Islam is inherently violent, Muslims took offense (as they always do), but he meant it as praise. He was trying to combine the inherent, lethal violence of Islam with the cannibalism he'd grown up with. Why settle for vegetarian substitutes if you can consume actual flesh and blood? Whether the Shia kill the Sunnis, or the Sunnis kill the Shia, there's no reason to let all those corpses go to waste when they can feed a billion Christians every Sunday. That would be a religion AF could bite into and swallow.

Robber Baron Elite Scum says

So who's more of a sick fuck? These Pedophiles or a Satanic Finance Mobster like me?

The people who work at Goldman Sachs have you both beat.

turtledove says

All I know is we've been looking to buy in south orange county for several months, now. Month after month, we see the same homes. Not a lot of movement. A few new ones get added here and there.... some disappear from the listings only to return to the MLS a week or two later. If people are buying/listing in south county, I see no evidence of it in the 4br, 3000+ category. That's okay. I'm a fairly patient person.

I'm seeing a similar trend in the Bay Area. Same houses on the market for months, and then showing up weeks later as a brand new listing, sometimes with a new cover photo. Every real estate agent I know loves to sing the ballad of, "Six Chinese Buyers All Cash" but all l see is overpriced junk staying on the market forever and then disappearing only to come back as a new listing. I've also seen things go for way under asking. Bid wars? Hot market? That's what Redfin, Zillow and the people invested in real estate say, so it must be true.

turtledove says

I'm seeing a similar trend in the Bay Area. Same houses on the market for months, and then showing up weeks later as a brand new listing, sometimes with a new cover photo. Every real estate agent I know loves to sing the ballad of, "Six Chinese Buyers All Cash" but all l see is overpriced junk staying on the market forever and then disappearing only to come back as a new listing. I've also seen things go for way under asking. Bid wars? Hot market? That's what Redfin, Zillow and the people invested in real estate say, so it must be true.

If that is true then inventory must be increasing. Is it?

Where's Alex Jones on this? I'm pretty certain there are conspiracy onion layers to be peeled on this one.

bgamall4 says

It is Zionism, plain and simple. They want to, as Will Rogers once said of the banking cabal, Wall Street just lets you suffer. What happens is that the international bankster cabal wants very, very slow growth. They can't afford interest rates to go up anymore, because there are mega trillions of dollars the banks have bet on interest rates staying low. They will all go bust if those rates go up too much.

You should be eliminated too. You are a threat to my NWO organization.

This reeks of zionist plot

curious2 says

He was trying to combine the inherent, lethal violence of Islam with the cannibalism he'd grown up with. Why settle for vegetarian substitutes if you can consume actual flesh and blood?

When the Catholic Church starts serving up FACE, I'll be impressed.

The 30 year mortgage rate has gone up to close to 4.5% and consider that it was down to around 3% about a year ago. A lot of the distressed properties were bought up by investors, so inventory is smaller for those potential buyers that are looking for starter homes. Hence, look at the drop in mortgage applications to understand why perhaps banking is seeing less business, and are consequently laying off people:

http://nationalmortgageprofessional.com/news47077/Mortgage-Apps-Dip-4.1-Percent-Over-Last-Week

I glad everything is 100% secure on them there interwebs.

A few cleaned up but more suckers had their clock cleaned?

tatupu70 says

komputodo says

really? that's how your mind works?

Yep--because it's a dumb statement to begin with, worthy of a pithy response.

Typical diversion techniques. Great arguing with a person with this ability because nothing ever gets resolved.

Bigsby says

Even? It's about 3-400 higher than when you made your fanciful claims.

You mean 300-400 out of 16,000? Wow!

Care to run the numbers on Uranium and Gold since that time? I dare yah. Uranium has been up strong (5% or more) each of the last 3 days. Again, you fail to use math properly. Good luck to you.

Graph says it all. Little action on the Dow but huge upside swings on Gold and Uranium

Bigsby has trouble understanding - here is help

http://patrick.net/?p=1223775&c=1052340#comment-1052340

RentingForHalfTheCost says

Bigsby says

Even? It's about 3-400 higher than when you made your fanciful claims.

You mean 300-400 out of 16,000? Wow!

Care to run the numbers on Uranium and Gold since that time? I dare yah. Uranium has been up strong (5% or more) each of the last 3 days. Again, you fail to use math properly. Good luck to you.

Graph says it all. Little action on the Dow but huge upside swings on Gold and Uranium

Bigsby has trouble understanding - here is help

That's not even, is it? And what does it matter what gold and uranium did? We all know you are just lying about what you are doing in the first place and/or changing stuff after the fact.

Great! this means prices will jack up!

Inventories rising, interest rates rising, Chindians saturated and glutted with cash purchases.

This only means that real estate prices have one way to go: UP,UP,UP!

Buy now, or forever be priced out of the market.

Unfortunately it cannot be applied to California given that we’ve been in a full on drought. Winter never came to SoCal.

I would imagine that a drought could somehow affect housing prices.

Call it Crazy says

Winter never came to SoCal.

Best winter ever. 80 and sun every day....until this weekend :-(

Call it Crazy says

That is a big drop given that home prices had one of their best runs ever in 2013 when it comes to prices going up.

If this run was organic, meaning actual incomes and good jobs were growing as well you would expect sales to keep pace. However this run was based on low rates and a fully manipulated market.

Since rates have been flopping around at the bottom, I would argue that 2013's good run was cash. As cash starts to pull out (acc. to January data) as a proportion of buyers, we should see the run slow to a walk. Unless cash decides to jump back in and bid each other up again.

zzyzzx says

I would imagine that a drought could somehow affect housing prices.

When we bought in Texas in 2011, Texas had just been through a nasty drought. In Texas they have expansive soils which means the lack of water can severely affect things like the foundation. We looked for about a year and the number of houses that we went to and saw a crack running from the top of a roof truss all the way down and through the foundation were countless; we'd cross those properties off the list immediately. We saw some place where the street and sidewalk had buckled. Manholes sticking 18" - 24" up out of the street. Properties were you could put your arm (not just your hand) under the driveway as it extended to the house, it was horrible. Hard to believe how ugly it can get until you see it.

Schizophrenia, paranoid type, is a serious mental illness. Please, find someone you can trust to help you sort fact from fiction. And, although I'm always skeptical of PhRMA, in your case, you should (re)consider medication. Sometimes these symptoms can result from drugs that you might be taking already, even if they are legal.

Right...I read it on the internet.

One thing you've got right...well sort of,... and that is that this is about guns.

But not as you say.

The only reason such bizarre (and off the charts stupid) theories have gotten significant traction is because of lunatic fringe gun nuts.

8bgamall4 says

If you want to say "fucking Zionists", I won't delete you.

I get that the Fucking Zionist /Red Shields use the Jewish bloodline as a front to accomplish their quest for global domination....

Call it Crazy says

Wow, manholes sticking up 24 feet!!! Whoa, I guess you have to drive around them??? :)

Okay, I fixed the mistake, but yes, even sticking 2' out of the street you'd better drive around them.

Call it Crazy says

Where's Tat?? Hey Tat, welcome to NJ, I hope you got a hell of a deal on your house!!

Could say the same of you right? Are you saying you seriously fucked up by recently buying?

I was going to say--I thought Crazy recently bought in NJ

Call it Crazy says

Where's Tat?? Hey Tat, welcome to NJ, I hope you got a hell of a deal on your house!!

But, yes, I think I got a pretty good deal. Prices are up in my area and inventory is low. I'm not overly concerned.

Call it Crazy says

I did recently buy but I didn't fuck up because I went into eyes wide open.... I don't regret it for a second, and I have no delusions that my "investment" will increase in value 10% a year. I actually expect house prices to fall here (based on the article above) and best case scenario, stay even....

I agree--I would never expect prices rise 10%/year. Who the heck expects that??

I bought because it was dramatically cheaper than renting in the area I wanted to be. LIke 30% cheaper.

Call it Crazy says

Didn't we touch on inventory already!!!

Just don't look to close at the pretty Blue houses on this map of your area.... (you know, the non-existent "shadow" inventory)...

We did. And as I told you then--Zillow is a horrible source for inventory numbers. But, as usual, you continue to post BS..

Call it Crazy says

No, I also pointed out inventory numbers in your county from NJAR... Are they BS too??

Nope. But I already pointed out the NJAR numbers from my city. Why do I care about the numbers in other cities in my county?

bgmal you are the best cure for insomnia I've ever found.

Call it Crazy says

tatupu70 says

Call it Crazy says

No, I also pointed out inventory numbers in your county from NJAR... Are they BS too??

Nope. But I already pointed out the NJAR numbers from my city. Why do I care about the numbers in other cities in my county?

So, you feel the real estate conditions in Mountainside, Fanwood, Cranford and Scotch Plains have no effect on Westfield???

Those do, and that's why they were included in the link I provided which showed low and shrinking inventory. Real estate in Elizabeth, Rahway, Linden, Plainfield, and to a lesser extent, roselle park, union, etc., don't.

The main problem is Elizabeth (maybe Rahway too)--that pulls in a lot of inventory that is not in competition.

It's all Obama's fault!!!

Already emailed my ex-coworkers at Wells Fargo to see if any of them just got the ax.

Those wealthy Chinese will drive the US banks out of business!

It's all Obama's fault!!!

Obama wants to kill off another 500,000 - 1,000,000 jobs with a minimum wage hike, yet for some reason you want to blame Republicans???

bgamall4 says

Our minimum wage is one of the lowest in the developed world

Our competition is Mexico, China, India, etc. If we insist of free trade with countries like those (and I am not in favor for free trade with anyone except Canada) then we need to lower or eliminate the minimum wage to match places like Mexico:

http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country
Mexico shows a minimum wage of .61 per hour
India .28 per hour
China 1.19 per hour.
South Korea 4.63 per hour
Hong Kong 3.87 per hour
Spain 5.57 per hour
Greece 5.06 per hour
Russia 1.04 per hour
Poland 2.97 per hour
Portugal 4.19 per hour
Israel 5.99 per hour
Iceland has no minimum wage
Italy has no minimum wage

Seems like really very few countries have a higher minimum wage than the US. Check the facts. Classic case of pricing yourself out of the market, since most of the places with high minimum wages, like France, also have very high unemployment. But then again that's what Obama wants.