patrick.net

sunny says

porkchopexpress says

sunny says

Wow, patrick.net is still alive? I first ran into you guys in 2003 time frame after purchasing my 3rd house. I have total of 4 now. All in the bay area. My most expensive purchase was $450K. Today, you can't buy a bathroom for $450K. But at the time, everyone thought I was a moron for being a homeowner. To make a long story short, everyone predicted I would go bankrupt and being a homeowner was the worst thing anybody can possibly do. I still have all those properties and I'm so glad people of patrick.net didn't sway my mind. Thank God. If I had a nickel for every time somebody predicted a housing crash ...

Cool story, bro. So no crash coming?

No crash. Hope you're learning. Buy a house. In 30 years, you'll thank me. At minimum, your house will be paid off. Price a...

So no crash ever again? Did you call 2008?

sunny says

Wow, patrick.net is still alive? I first ran into you guys in 2003 time frame after purchasing my 3rd house. I have total of 4 now. All in the bay area. My most expensive purchase was $450K. Today, you can't buy a bathroom for $450K. But at the time, everyone thought I was a moron for being a homeowner. To make a long story short, everyone predicted I would go bankrupt and being a homeowner was the worst thing anybody can possibly do. I still have all those properties and I'm so glad people of patrick.net didn't sway my mind. Thank God. If I had a nickel for every time somebody predicted a housing crash ...

Sounds like you probably made reasonable purchases that fit within your budget as you were able to hold onto them through the crash. I'm still waiting for a sane economy, or a property that makes sense. No regrets as I've never spent as much as someone who pays mortgage, even now. I definitely will not be buying anytime soon as things seem on the brink of collapse, and I have less than $3,000 of outstanding, interest-free debt. Never take on debt during times of turmoil.

porkchopexpress says

sunny says

porkchopexpress says

sunny says

Wow, patrick.net is still alive? I first ran into you guys in 2003 time frame after purchasing my 3rd house. I have total of 4 now. All in the bay area. My most expensive purchase was $450K. Today, you can't buy a bathroom for $450K. But at the time, everyone thought I was a moron for being a homeowner. To make a long story short, everyone predicted I would go bankrupt and being a homeowner was the worst thing anybody can possibly do. I still have all those properties and I'm so glad people of patrick.net didn't sway my mind. Thank God. If I had a nickel for every time somebody predicted a housing crash ...

Cool story, bro. So no crash coming?

No crash. Hope you're learning. Buy a house...

Meh, as long as you didn’t buy in a narrow window between 2006-2007, 2008 was a RE blip in the big picture.

Patrick says

The police did call me about Turtledove's murder, and I told them what I knew, which isn't all that much. Just about her posting here, and having met her once.

What ever was the conclusion/verdict?

BayArea says

https://www.yahoo.com/news/record-high-number-real-estate-135240835.html?source=patrick.net

He re-incarnated himself recently as a Russian hating zombie. That guy has the record for being ignored on this forum. I've never even seen double digits outside of him.

"It's like that Hungry Hungry Hippo game in the 1980s, except there's only one ball," real estate expert Logan Mohtashami told Insider. "The sheer panic of needing somewhere to live is hitting everyone."

Strange, in all my years of renting, which is all of them, I've never once panicked about where to live.

https://www.marketwatch.com/story/the-housing-market-is-in-the-early-stages-of-a-substantial-downshift-home-sales-may-drop-25-by-the-end-of-summer-according-to-this-analyst-11647884229?source=patrick.net

‘The housing market is in the early stages of a substantial downshift’: Home sales may drop 25% by the end of summer, according to this analyst

“The housing market is in the early stages of a substantial downshift in activity, which will trigger a steep decline in the rate of increase of home prices, starting perhaps as soon as the spring,” Shepherdson wrote in a research note distributed Sunday.

I remember I'd always check out Patnet as well as HousingPanic. Keef was hailarious.

I have known quite a few leveraged shipwrecks who delved into multiple home ownerships during the upswings but couldn't survive the crashes. If you pay cash for the homes, it's fine. If you require debt instruments, then you are gambling and need to have a contingency plan for the crashes.

One Mormon couple up the hill in mansionville locally were murdered by their reprobate son on drugs and with a gambling habit. Their 'empire' of leveraged homes crashed in '08 and '09, so they couldn't continue giving him money for his habits. He killed them to try to inherit their shit, which wasn't shit any more due to the crash.

People standing in a long line to view an open house, is exactly how we all ended up in a situation where Shanaynay the Walgreens employee grew so impowered us to put on a Mask and stand on the provided spaces provided for us in the store.

People are a bunch of Monkey See Monkey Do, mother fuckers.

None of those idiots are considering the bidding war, or the premium their precedence is creating.

The only way to get more housing stock is to stop showing up. Quit going to open houses, let the first lucky asshole that saw it first get it.
Stop going to open houses, and drop out of the market. The Realtors will be at the State and Federal Capitol lobbying for 55,000 new communities to be built.
They depend on inventory, if there isn't any inventory, then there should be any suckers, I mean buyers. Why would they want more houses built, if everyone is going to show up for one available house, and bid it up to their wildest dream. They only need one sale a year to pay their bills, in that world.

porkchopexpress says

So no crash ever again? Did you call 2008?

There was no crash in 2008. It was a dip. Everything goes through ups and down.

NuttBoxer says

sunny says

Wow, patrick.net is still alive? I first ran into you guys in 2003 time frame after purchasing my 3rd house. I have total of 4 now. All in the bay area. My most expensive purchase was $450K. Today, you can't buy a bathroom for $450K. But at the time, everyone thought I was a moron for being a homeowner. To make a long story short, everyone predicted I would go bankrupt and being a homeowner was the worst thing anybody can possibly do. I still have all those properties and I'm so glad people of patrick.net didn't sway my mind. Thank God. If I had a nickel for every time somebody predicted a housing crash ...

Sounds like you probably made reasonable purchases that fit within your budget as you were able to hold onto them through the crash. I'm still waiting for a sane economy, or a property that makes sense. No regrets as I've never spent as much as someone who pays mortga...

Take it from an old timer. There will never be a "sane economy" (ever). There's always going to be a risk - but no guts no glory. As Magic Johnson said, "I've never made a shot I didn't take". But home ownership is more than just money. It's the sense of ownership, being part of the community, being able to paint the house whatever color you want, starting a garden, setting up a mini mechanic shop in your garage, tearing down the walls and making it your own ... all without worrying about what your landlord will say. It's a lifestyle. And after 30 years (for most of us, lot sooner), it is free and clear and it's completely yours. If that isn't your thing, nothing wrong with renting. And top of all that, it doesn't hurt that every single person that ever purchased a house that still has it today - has made a nice profit. But that's just icing.

As I tell everyone starting out, if you want a place to call your own and make something your own, buy a house. If you want to make money, invest in the market.

BayArea says

Patrick says

The police did call me about Turtledove's murder, and I told them what I knew, which isn't all that much. Just about her posting here, and having met her once.

What ever was the conclusion/verdict?

I stopped tracking the case 6 months ago. You can look it up in the county court records though. Long day of travel yesterday and today is a lazy bum day with it being spring break for the kids.

As usual with law the goal post just keeps being moved and it takes forever for it to come to a conclusion. Covid didn't help either. If he's found guilty (not saying he is) Covid was a blessing for the dude as it gave him 1-2 years of extra freedom.

sunny says

Take it from an old timer. There will never be a "sane economy" (ever).

None of us are that old, but let me refer you to pre-1913, and especially the early 1800's. Without central banks our economy was quite prosperous and stable. And I see that coming again soon, as the current system is completely unsustainable.

sunny says

But home ownership is more than just money. It's the sense of ownership, being part of the community, being able to paint the house whatever color you want, starting a garden, setting up a mini mechanic shop in your garage, tearing down the walls and making it your own

I'd broaden this to land ownership, homes are depreciating money pits. I've literally done, or been able to do almost all of those things as a renter, especially the community part. No neighbors I've been close to have cared whether I owned or not.

sunny says

it is free and clear and it's completely yours.

You mean in a state without property taxes..

sunny says

has made a nice profit. But that's just icing.

That's a tricky one as has been pointed out here many times. You have to calculate the increase in land value vs the money tied up in the house, including maintenance, and compare that against other investments over the same period of time. And the biggest part everyone seems to forget, regardless of investment, is calculating for inflation.

But I'm happy you're happy. As long as we are responsible with our money, and rely on ourselves, I don't think we can ever be disappointed at the outcome.

I don’t think it was Magic Johnson that said that lol

BayArea says

I don’t think it was Magic Johnson that said that lol

He did say that in an interview. But I'm sure somebody else said it before him.

NuttBoxer says

sunny says

Take it from an old timer. There will never be a "sane economy" (ever).

None of us are that old, but let me refer you to pre-1913, and especially the early 1800's. Without central banks our economy was quite prosperous and stable. And I see that coming again soon, as the current system is completely unsustainable.

sunny says

But home ownership is more than just money. It's the sense of ownership, being part of the community, being able to paint the house whatever color you want, starting a garden, setting up a mini mechanic shop in your garage, tearing down the walls and making it your own

I'd broaden this to land ownership, homes are depreciating money pits. I've literally done, or been able to do almost all of those things as a renter, especially the community part. No neighbors ...

Bay area is California. Thanks to prop 13, my property taxes are negligible. And maintenance is nothing. At the end of the day, people with money buy houses. They don't rent in their main residence. But there's no shame in renting. But if you're an astute smart investor, it makes no sense to rent.

sunny says

Thanks to prop 13, my property taxes are negligible

Said the long-time homeowner: I got mine, f*ck you to the new buyer with a new assessment of about $1000 per month for the privilege of "investing" in a one million dollar crapshack.

F*ck you, loser. Prop-13. F*ck your sorry ass. I got mine you sorry ass-late-to-the-game entitled whiner.

Bay Areans, is this the type of community, with these types of values, that you want to live among?

This is yet another reason I won't buy in CA. Looking elsewhere where taxes (as much as we hate them), are levied fairly.

sunny says

But if you're an astute smart investor, it makes no sense to rent.

Since when are depreciating assets investments? Seems like your back-peddling on your prior balanced view that they're for living in, not making money on.

I've paid between $1,200-1,600 nearly the entire time I've rented, most of those being houses. The places we considered buying in when we looked, I have no interest in living there now. I've never had to eat shit at work because I'm worried about bills, or can't quickly move. The little debt we have is interest free, and could be paid off in two months if needed.

No one is starting companies out of their garage in Palo Alto anymore. San Fran's time has long past. There's was a time your advise might have made sense, but not anymore.

porkchopexpress says

I miss her. Is it wrong to repost her topless pic as a tribute? She was damn cute.

@porkchopexpress I think we should repost it. I met her and am pretty sure she would have found it amusing.

Patrick says

porkchopexpress says

I miss her. Is it wrong to repost her topless pic as a tribute? She was damn cute.

@porkchopexpress I think we should repost it. I met her and am pretty sure she would have found it amusing.

Do you have it? I don't...I only remember when you posted it. I think she'd want us to remember her that way. She shared it with us for that very reason.

porkchopexpress says

Patrick says

porkchopexpress says

I miss her. Is it wrong to repost her topless pic as a tribute? She was damn cute.

@porkchopexpress I think we should repost it. I met her and am pretty sure she would have found it amusing.

Do you have it? I don't...I only remember when you posted it. I think she'd want us to remember her that way. She shared it with us for that very reason.

@Patrick could find it. Shouldn't be hard to write a script that just compiles all images and displays them all. You could sort by date as well.

HOWEVER, that's work.

I didn't realize a woman was murdered here. That's an awful thing. I, like all people, have considered murder, but never seriously. Just lesson learned, move on.

richwicks says

I didn't realize a woman was murdered here. That's an awful thing. I, like all people, have considered murder, but never seriously. Just lesson learned, move on.

Court case is still ongoing. Innocent until proven guilty. If the guy did it, Covid was a life saver for 2 years. Prosecutors tread lightly with something like this and don't charge without evidence, but the judge apparently heard enough to issue $1M bail. Next court date is in May.

And a note for Patnet users, keep the case number if you want to search. Orange County started charging $$ for name searches... BS. Case # 19HF0572

Here's the case activity. No clue what any of it means, but still ongoing.

No intention of doxxing anyone either. It's all public record and news so fair game in my world. Honestly hope it wasn't foul play as that damages many lives already grieving.

Onvacation says

Yesssssssssssssssssssssss

I just fapped to this!

Booger says

I just fapped to this!

are you a Biologist?

Fortwaynemobile says

Booger says

I just fapped to this!

are you a Biologist?

Freelance.

No doubt.