patrick.net

Real estate and economics have nothing to do with each other.

Strategist says

Sales are down 19%

Prices are up 23%

There goes everything I ever learnt in economics 101.

It makes perfect sense if you put context to the data.

Lower inventory (scarcity) driving prices upward. That means lower overall sales volume at higher prices. Yes. That is the market today exactly.

Call it Crazy says

Rew says

Lower inventory (scarcity) driving prices upward. That means lower overall sales volume at higher prices. Yes. That is the market today exactly.

Stop the bullshit with the "lower inventory".... It means NOTHING but talking points for the MSM.....

The reason for lower sales is that fewer and fewer can afford to buy houses... PERIOD!!!

If fewer and fewer can afford to buy houses, prices would fall.
Rew is correct....A scarcity of homes available for sale is the only explanation for prices going up inspite of lower sales.

I get the prepared ones, but not just anyone of the hundreds they sell. The place has rectangle ones, that are like the ones above.

for a dipping sauce...
A little Soy, rice wine, drop of sesame oil, some red pepper flake, and just a hint of 5 spice, but not over doing it on the 5 spice. Not enough or none is far better than even a little too much.

I'll have to take some pics next time I go, now that I've got a decent camera on a phone.

Hmm, guess it's time to modify some of those female extortion tactics.

He threatened to post nude photos of her on the internet when he SHOULD have threatened to show pictures of her without her makeup.

Now, his dick is being used in a pounded flounder recipe.

bgamall4 says

Bigsby says

Israel is accepted by the Palestinians?

Yes, the right to exist has been established by the negotiating parties.

Dear me. And what has happened since those negotiations were made all those years ago?

bgamall4 says

Bigsby says

I imagine very many people would age quite a bit after their child's murder,

Not 15 years. You can try to cover it up all you want but the second verification is the kid Jesse's name is in the yearbook of Adam, making the picture understandable as to age.

15 years is simply a number you came up with because of the yearbook. I have no idea if the yearbook is fake or real, but if it is real, then it is simply another child with that name. You'd think quite a lot of people would know that that man's child was substantially older than he claims, wouldn't you? Please tell us how many have come forward to say that.

Because everyone that's not in the pool of politically privileged is paying for housing via their labor, and they are looking for deals like hawks, if they have the means ( steady job, good enough credit, desire to purchase)

I went and had a sit down with my realtor buddy yesterday for an hour. He said everyone wants a deal, not a soul comes in looking to buy high like they were in years past.

At least here in my local market

I wonder if this is a significant reason our media are so anti Putin out here. He is jailing Zionist oligarchs...

Civil war between coach and first class ended badly.

bgamall4 says

That is not a common name, and that is a small town. You are speaking disinformation now. Here is what I said and I will delete your disinformation unless you offer some evidence:

It doesn't matter whether it is common or unusual. It simply isn't proof of what you are arguing.

bgamall4 says

Point is, the photo showed a younger man, and the yearbook showed the child was older, not 6. It is a hoax, Bigsby. Sandy Hook was a hoax, and a bad one at that.

? Er, that's because it's not the same person you plum. You reach so far I'm surprised your arms don't drop off.

And as I keep asking, how many people have come forward that know this person and their family to say that he is lying? Come on, presumably if what you were arguing was true, this would be one of the first things that would happen for ALL those people directly affected by what happened. Family, friends, work colleagues, neighbours, thousands of people presumably, would all be talking to the press. And yet not a squeak. Shall I tell you what that says for your 'theory?'

Call it Crazy says

WE AREN'T TALKING ABOUT PRICES HERE!!!!!!!!

Tell that to your buddy bubblesitter--comment 1 on the thread.

bubblesitter says

U mean prices continue to go UP?

Usually a top takes three months to make. S&P is flat for almost three months now.

The punishment doesn't fit the crime in both scenarios. So no.

And yes a rapist is a low-life but what he did to that woman doesn't deserve his genitals mutilated and murdered unless he did that to her... which he didn't.

APOCALYPSEFUCKisShostikovitch says

Is this not a reasonable approach to our REALTOR problem?

What do you propose we do with the female realtors?

Bull market's over already for quite a while. It's a sideways-to-down market, kept levitating by a steadily weakening dollar and cheap debt. Once rates start rising, short REITs.

I guess I still don't understand Obamacare.

Is it not true, that if you don't sign up, you will have to pay a penalty of around $800 in your taxes?

And also, that you can sign up whenever you want, so like right when you enter the hospital?

So why wouldn't I not sign up, then sign up when I need it, then drop it and pay the penalty when I don't need it?

Market is neither bull nor bear.

You have to find the stocks that will grow and get rid of the ones that will fall.

You have to wait for open enrollment, so it's really nothing at all, but a mass shitty rotten company insurance plan that nobody in the company wants.

I see you took a high dose of crazy pills today Gary. And yes, I think you are anti-semitic.

bgamall4 says

Bigsby says

I see you took a high dose of crazy pills today Gary.

Not so crazy at all. You will have to be more specific. The link between Bloomberg and Sandy Hook Hoax is notable. It is also true that Wall Street is behind the bad mouthing of public school teachers.

So, what is crazy, Bigs? I will be out so you can post your ramblings and I will save the ones that are interesting. :)

It was like a stream of conscience verbal diarrhea tsunami of all your NWO conspiracy views rolled into one post. Comedy gold.

bgamall4 says

Bigsby says

It was like a stream of conscience verbal diarrhea tsunami of all your NWO conspiracy views rolled into one post.

I take that as a backhanded compliment, Bigsby.

You shouldn't.

indigenous says

Clinton's monkeying with the CRA did not have an effect until the mid 2000s.

You understand that it's been proven that the CRA had no effect on the housing bubble.

tatupu70 says

You understand that it's been proven that the CRA had no effect on the housing bubble.

Absolutely, I understand that you believe that it has.

APOCALYPSEFUCKisShostikovitch says

zzyzzx says

What do you propose we do with the female realtors?

A permanent tour of supermax prisons for as long as the live.

Realtors are already whores, this would just be another gig. They'd end up owning all the cigs and smack in the big house!

APOCALYPSEFUCKisShostikovitch says

Woman chops off alleged rapists penis and beats him to death with a hammer

The AF runs strong in this one!

Bulls make money, bears make money, pigs get slaughtered. The market just needs to move to make money.....

I'm a renter, I want to buy!

A new construction, single story tutor style 3400 sqft 5/3 on two acres of land in Portola Valley. It should have a full finished basement, vinyard, and horse stable and a sweeping view of the bay

$235,000 for that sounds about right.

But I can't buy that so count me among those 4M

Why yes I do, so there

It was alleged that bankers were prejudiced against lower income people so the government in all of it's wisdom decided to meddle in the market to enforce people's right to own a home.

This is absurd because nothing is more fair than the market when it comes to these matters. No one in business is going to inhibit his income sources.

BTW Jimmy Carter had a stamp come out recently, imo no one deserves to be stamped more than Jimmy Carter?

mell says

levitating by a steadily weakening dollar

steadily strengthening, actually.

http://research.stlouisfed.org/fred2/series/TWEXM

http://research.stlouisfed.org/fred2/graph/?g=t5a

where the red line goes is important.

http://research.stlouisfed.org/fred2/graph/?g=t5b

blue is profits

red is QE level

New Renter says

I'm a renter, I want to buy!

Easy way to accomplish this objective.

MOVE.

Get the heck out of San Jose. There are a boatload of other areas in this country where $235,000 would buy you a fabulous home. However, you insist on staying in CA, you are insisting on being a renter.

Well, if renters can't then that's what investors are for, isn't it?

If you put a female realtor in Attica in a wedding dress, she would enjoy it too much and never want to leave.

indigenous says

Sure it is, because Barney told the bankers that they had to make loans that were not in their best interest he said you do not have to carry the paper you can pawn it off on Fanny and Freddy.

You have that quote for me where he said that? Please share.

indigenous says

In addition to this Goldman and ilk exploited the opportunity through derivative trading. Because of the bubble created by Greenspan to keep the economy going after the .com bust "irrational exuberance" was the order of the day.

What opportunity did they exploit? How did it relate to the CRA?

Did she then feed the severed penis to a dog?

http://www.vdare.com/articles/karl-rove-architect-of-the-minority-mortgage-meltdown

there's some truth there. I think Rove was behind all of the mistakes of the past decade.

Being a political operator, his primary mission was to make new Republicans, and since veterans and home owners trend republican, that meant making more wars and more home buyers.

And so it went. Government regulators stepped back, and let the free market do its magic.

http://research.stlouisfed.org/fred2/series/HHMSDODNS

Robber Baron Elite Scum says

The punishment doesn't fit the crime in both scenarios. So no.

And yes a rapist is a low-life but what he did to that woman doesn't deserve his genitals mutilated and murdered unless he did that to her... which he didn't.

Oh, he deserves it, ask any woman.

zzyzzx says

Did she then feed the severed penis to a dog?

His severed penis should be stuffed down his own throat and made to swallow.