patrick.net

just been going through all books, packing to move out of CA. came upon this gem

It's all about the time value of money, home value appreciation, and not spending more than 38% of household income on housing (mortgage, taxes, insurance, HOA fee, repairs and maintenance).

If the housing value is not going up on average 3% a year during your ownership, then it is less beneficial to own.

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FortwayeAsFuckJoeBiden says

just been going through all books, packing to move out of CA. came upon this gem

Congrats!

Come out of her, my people!

Thanks, I tried to summarize all the housing arguments in that little book.

I think it's still available on Amazon, but haven't gotten a check from it in a long time.

Patrick says

Thanks, I tried to summarize all the housing arguments in that little book.

I think it's still available on Amazon, but haven't gotten a check from it in a long time.

Maybe NAR should buy a copy for each of its members. LOL.

I remember, back in the day, meeting with Patrick and other members, for coffee at a local coffee shop in Palo Alto. This was back when the blog was 100% housing-related.

Realtors are of the devil.

Patrick, great read!

Wonder how many copies you sold total?

A few hundred I think. Haven't logged in to Amazon lately.

MAGA says

I remember, back in the day, meeting with Patrick and other members, for coffee at a local coffee shop in Palo Alto. This was back when the blog was 100% housing-related.

Realtors are of the devil.

AFs tirades against realtors were awesome

MAGA says

I remember, back in the day, meeting with Patrick and other members, for coffee at a local coffee shop in Palo Alto. This was back when the blog was 100% housing-related.

Yeah, I remember seeing Patrick on 20/20 and also following Tanta on the Calculated Risk Blog.

I don't see 3 year ARMs anymore. I do still see 5 year ARMs which are around 4.2% compared to 30 year mortgages at 5.9%.

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I still need to get my copy autographed.