patrick.net

Strategist says

Marcus does not realize that his math students know more about sex than they know about math.

So do all the monkeys in the zoo.
Only those at the pinnacle of evolution can know more about math than about sex.

FP says

Strategist says

Marcus does not realize that his math students know more about sex than they know about math.

So do all the monkeys in the zoo.

Marcus taught them math too?

Strategist says

Marcus taught them math too?

I don't know, ask him. The monkeys would not show any signs of being taught. You should know that.

Fucking pussy!

BlueSardine says

Thunderdome: The classical definition of "triggered" - a demonstration

There, fixed it, to fit what followed.

And this would be different than all of the other times we sold weapons to or armed rebels how?

Let me know when Trump sends ISIS 4 pallets of cash.

Well if Turkey objects then it must be good for the world
https://www.nytimes.com/2017/05/09/us/politics/trump-kurds-syria-army.html

http://www.bbc.com/news/world-middle-east-33690060

http://www.bbc.com/news/world-middle-east-33690060

Turkey has been shelling both Kurdish fighters of the Popular Protection Units (YPG) and so-called Islamic State inside northern Syria.

The YPG are widely regarded as one of the most effective forces in the fight against IS and attacks on them have prompted calls from the UN, US and EU for Turkey to show restraint.

Ankara says it is retaliating against what it calls provocations by the YPG but it has long warned against the group making territorial advances in northern Syria near its border.

Glad we're arming the Kurds, the largest ethnicity without it's own state.

Erdogan's being a little bitch and the Kurds have been the most effective force against ISIS

Lashkar_i_Trumpi says

Glad we're arming the Kurds, the largest ethnicity without it's own state.

Erdogan's being a little bitch and the Kurds have been the most effective force against ISIS

Better to arm the Kurds and let them fight ISIS. Nothing good happens if we end up doing the fighting.

Lashkar_i_Trumpi says

I've always been for arming the Kurds and saying FU to Sultan Tayyip. I even called for Turkey to be ejected from NATO. Read the article; it discusses how Erdogan wanted action against the Kurds and didn't see ISIS as a threat while his son was making a fortune smuggling ISIS oil in huge truck convoys that Obama wouldn't bomb (I think once in a whole year they did, after 24-hours warning by leaflet).

He's too much of a sphincter suck to admit that.

Our only true ally in the ME is Saudi Arabia, according to the Trumpcucks

I'm done trying to apply logic to the market. Without any honest effort to create more housing in the 1200 to 2000sqft range, every house in America will be as expensive as an Italian villa in a historic town eventually. Even the shit hole I bought in 2010 for 160K Zillow says is now worth 320K.
It shouldn't be worth a penny over 120K and wouldn't be if there was more housing stock built. And don't say we're out of room. South Florida builds about 6,000 new units a year. They are all over 350K range. Mostly in the millions.

Cash out, rent and pickup a half price home in a few years.

PockyClipsNow says

Anyone else here going to white flight from CA soon? What is your prediction about CA residential RE prices?

40% jump in California RE prices in the next 5 years. Don't sell, just rent it out if you must move. I have been a super bull since end of 2011.
I am a little disappointed in So Cal RE prices in the last 5 years. I expected a bigger jump.

Strategic Renter says

Cash out, rent and pickup a half price home in a few years.

You sound like Marc Faber and Peter Schiff.

PockyClipsNow says

Anyone else here going to white flight from CA soon? What is your prediction about CA residential RE prices?

Once kids are done with with school wife and I will probably leave. It's funny because my wife was left leaning before she got into social work now she is further right than I am in some areas. Same with most of our family and friends they all have gone or are going to. If we hadn't bought at bottom we would already be gone, screw struggling to pay $2000 plus for renting a small 2 bedroom apartment.

In the next 30 years I can see things getting more extreme with wealthy gated areas surrounded by poor areas within the large counties. At some point raising taxes and chasing companies out of California has to cause a collapse.

I sold that house(250k net profit) 2 years ago and bought a small condo which is now up 200k.

So I'm up 450k in 7 years(tax free too). I'm going to sell this condo now to take advantage of the 2 year tax free cap gains rules to cash this shit in before the next 'happening'.

-----------

Congrats on a job well done

I don't think the 'cash our and rent then buy back for half price' plan will work this time.

That was my plan last time and it worked (i failed to buy multiple properties, just one, late in the rebound....)

Lets not forget the 'solid floor' under real estate is now in place that did NOT exist in 06. So anyone holding breath for another crash will die with a blue face, IMO.

> Foreclosures take up to 5 years (CA).
> Multiple federal programs in place to help 'struggling home owners' aka banks. Harm, hamp, California keep your home or whatever its called is also one.
> Short sale/forclosure games allow shitty borrowers to default pretend to sell to stall foreclosure.
> Limited inventory/slow growth
> Rising population
> Limited 'good schools'.
> feds control 90%+ all mortgage market. (was only 50% pre 08 meltdown)

Also min wage going up to 15 per hour in CA soon. That will help the low test score cities prop up thier prices.

I would keep my condo and rent it out. But its worth 600k now, its fucking rent controlled (!!!!!!!), AND the rent is low like will only bring 2300 max per month. That like a 1.5% cap rate. horrible cap rate. With rent control, if I rent it out, if I ever evict the renters I have to pay them out 17k moving fees. Fuck these commies, I will just sell it for 600k. Thank you rent control for taking inventory off the market and running up prices even more.

PockyClipsNow says

So it turns out the permabears who said I would be bankrupt after buying a house in 2012 were wrong.

Really, somebody told you that? Can you quote them so that we can make fun of them?

How much did LA houses appreciate from 2012 until two years ago?

I cant member who told me I would go bankrupt, seems to be less comments in the old threads than I thought. oh well.

From 2012 to 2015 prices probably went up 30%. Then another 30% in last 2 years (most of this is the Trump boom).

We all know the booming stock market causes hiring to happen AND people cash out stocks to buy RE or the 'wealth effect' makes people feel rich because 401k is way up... which causes people to buy RE.

I really wanted the country to have affordable real estate for everyone, but we sat here and watch the Feds do everything possible, and then make up 20 more things, to bail out real estate and IT WORKED. Asset price dips or 'dis inflation' will never ever be allowed except for short slumps, which are buying opportunities, until the bankers can print more money to make all markets zoom to moon. I fought the fed, and the fed won.

JimiFP says

How much did LA houses appreciate from 2012 until two years ago?

80-100%

40-50% in 3 years from 2012 until 2015?

They still seem to increase in the past :)

I'm curious how much headwind real estate has in Southern California. Our house is probably only up 60%, but we bought in mid-2011... probably 6-12 months from the true bottom. Also we live deep in the valley, so while schools are still top notch in LAUSD.... it's not as coastally desirable or hip. And lots of older people who bought long ago just holding on. So inventory is always very low.

For example our house was built in the 1950s and we are the 2nd owners.

As good as the gains have been in CA, I think the desert got even MORE.

AZ/NV crashed so hard that in 2009/2010 you could get houses for 30% of the sales price they sold for in 05 at max insanity. Now they are almost back to 05 so most people buying got a 300% gain in those areas. Condos for 25k-50k now go for 150k.

Its all public record, use redfin if you wanna be depressed.

In NV they actually nearly outlawed forclosures in 10 i think, added a bunch of hurdles/delays to the process.

You can legally 'buy your short sale' in nevada for years now. They advertise this on billboards. That would have meant JAIL in pre 08 regulatory era.

Buy your own short sale. Think about how fucked that is. Its a principal reduction via 3rd party who sells it back to you after escrow. This is why only the feds will make home loans - its all socialized losses/privatized profits.

Residential Real Estate is bananas right now. I don't know how salaries are supporting it in 2017.

I would never say we hit the ceiling in 2012-2016. But between 2016-2017? How much higher can it possibly go as home prices continue to diverge from salaries (I know, famous last words, lol).

With that said, I'm selling my rental next month. At this point I see more likelihood for a correction than for it to continue skyrocketing. I guess I'm putting my money where my mouth is.

PockyClipsNow says

AZ/NV crashed so hard that in 2009/2010 you could get houses for 30% of the sales price they sold for in 05 at max insanity. Now they are almost back to 05 so most people buying got a 300% gain in those areas. Condos for 25k-50k now go for 150k.

I have two close friends who rode the Vegas suburban crash to the bottom and left financially devastated. They were too zoomed in on the short term and couldn't stomach the pain to look beyond the horizon. I can't say I blame them.

PockyClipsNow says

Anyone else here going to white flight from CA soon? What is your prediction about CA residential RE prices?

Mine is that the market stays flat or corrects 5-15% over the next 2-4yrs.

I struggle to see it continue to rise as I don't think salaries can support it. And I struggle to see a correction exceeding 15% since there is no subprime lending crisis but I do foresee interest rates rising which will have an effect.

Now, school loans and the car loan crisis, don't start me on that, lol...

Meh, retiring on $1M and keeping the standard of living the same (even with house paid off) doesn't look realistic. You sure the numbers work?

Strategic Renter says

Cash out, rent and pickup a half price home in a few years.

That's exactly what people were telling me in 2011 - thank god, I didn't listen and pulled the trigger because my mortgage + prop tax = 1/2 of what people pay in rent around here for my house

I should easily be able to retire on 1m + paid off house.

This allows 50k per yr spending if I get a 0% return on the 1m. Its likely to be higher than zero.

Then at age 67 I can sell my paid off house (if I need to, if I'm out of money) and move into a mobile home/cheaper area.

This plan is perfect.

I'm going to fart around with useless coding projects when I retire, just like our benefactor Patrick.

All the fun now is social media bots and astro turfing spam automation. Trump will need my help to win again next time, the zog is going to spend 3 trillion to keep him out of office. Bot war now.

PockyClipsNow says

I should easily be able to retire on 1m + paid off house.

It's better to retire on the returns once you have invested. That way your capital can last a lot longer. Use a part of your investment to buy property and rent it out. It will be a good steady income.

Strategist says

It's better to retire on the returns once you have invested. That way your capital can last a lot longer. Use a part of your investment to buy property and rent it out. It will be a good steady income.

I will do that. Some combo of rental income/stocks should be ok.

Of course stocks AND real estate are sky high now. Kind of like 2006.

The fact that the elevator is going down vs buidling going up doesnt really change any strategy. You still need to sit on assets to let them inflate with the money printing/QE or whatever the new word is.

Strategist says

Sorry but AGAIN I will point out that this rhetoric is bullshit. Compared to every other leader in the Islamic world, he's the most tolerant and peace seeking.

Does not sound tolerant at all.

Erdogan Launches Sunni Islamist Revival in Turkish Schools

www.newsweek.com/.../erdogan-launches-sunni-islamist-revival-turkish-schools-2922...

Dec 16, 2014 - Turkey has seen a sharp rise in religious schooling under reforms that its president Recep Tayyip ErdoÄŸan has cast as a defence against moral ...

http://www.newsweek.com/2014/12/26/erdogan-launches-sunni-islamist-revival-turkish-schools-292237.html

Islam is not a tolerant religion. For a Muslim to turn more towards Islam would make him less tolerant.

I agree with the general trend of feudalism and it coming back. Basically renters who cant/wont get loans are surfs and landlords are the nobles/elite PLUS corporatons are on top of this layer.

I don't know why you hate Trump so much because you're real estate rental empire is exactly how he made his billions. He's on your team dude, it doesn't matter if he is a fucking white male, his policies are going the help the landlord class. You got weathy but you need a mind makeover to THINK wealthy. Its crazy how you rant about income inequality when YOU made it to the 1%....from hard work and smart decisions. This is a very conservative value. The losers beg for free shit. Renters deserve to be renters and owners deserve to be owners. Its called equal opportunity and you used it well. Are a democrat because you suck dicks or something? I don't get it because you cant be a commie AND a landlord...right?

PockyClipsNow says

As good as the gains have been in CA, I think the desert got even MORE.

AZ/NV crashed so hard that in 2009/2010 you could get houses for 30% of the sales price they sold for in 05 at max insanity. Now they are almost back to 05 so most people buying got a 300% gain in those areas. Condos for 25k-50k now go for 150k.

Its all public record, use redfin if you wanna be depressed.

In NV they actually nearly outlawed forclosures in 10 i think, added a bunch of hurdles/delays to the process.

You can legally 'buy your short sale' in nevada for years now. They advertise this on billboards. That would have meant JAIL in pre 08 regulatory era.

Buy your own short sale. Think about how fucked that is. Its a principal reduction via 3rd party who sells it back to you after escrow. This is why only the feds will make home loans - its all socialized losses/privatized profits.

The Vegas $25-50k condos are not going for $150k....that's a small house in NLV north of Craig Road or a small townhome in Henderson

But yes all the markets in western US have at least rebounded.

LA is nuts and the guys saying salaries won't support the prices are badly missing what's going on. A 1800 sq ft sfr down the street from where I live sold at $1,049,000. I pay $1750 for a 1100 sq ft 2/2, and newer tenants are within $100 of that. For better comparison, the larger units are 1600 sq ft 3/2 and rent at $2300-2500.

I don't know where the money is coming from, but it's not salary. Can't imagine a household making $250,000 a year living in this nice, but sorely dated, neighborhood.

Pocky,

Congrats man! I've thought about cashing in and moving somewhere to retire. Given my and wife's families and siblings are all living here, we're stuck here.

If you listen to Bruce Norris, he expects the coming correction in the next couple of years to be a shallow one before the market resumes and moves higher, but the rate of appreciation will mimic the rate of inflation.

Good luck with the sale of your condo and the move to NV.

E-man says

Congrats man! I've thought about cashing in and moving somewhere to retire. Given my and wife's families and siblings are all living here, we're stuck here.

THanks e-man. I remember you as one of the old timey posters. I have family here but Im gonna move to NV anyway. Reno is nice because you can day trip down to mammoth, and then up to NorCal or Colorado much faster than from Los Angeles. Its also slightly less shitty than vegas. LA is locked in by pacific and then also mexico, where I am done with totally, so I always end up traveling the same fucking places.

I have not kept up with Bruce Norris but I was listening to him during the downturn, he was correct pretty much and he invests where he says. He must be worth a lot.