0
0

A national housing market?


 invite response                
2006 Feb 12, 10:32am   8,837 views  81 comments

by Peter P   ➕follow (2)   💰tip   ignore  

One axiom of real estate is that each market is local and unique. However, money is national or even global. Since credit has been the principle contributing factor in this bubble, we should accept the fact that all "local" housing markets will interact.

Many markets are now in decline. One very reasonable expectation is that the mortgage market will dry up because of the reflexivity between collateral value and credit. If and when this happens, the correction will come to the Bay Area, no matter how "special" and "immune" it may be.

#housing

« First        Comments 61 - 81 of 81        Search these comments

61   Peter P   2006 Feb 13, 2:18pm  

One women told me she doesn’t need to have an sexual orgasm, she’s having a perpetual orgasm with her prozac. I wasn’t sure what she meant but I knew it wasn’t good.

Huh?

62   Unalloyed   2006 Feb 13, 2:26pm  

Holy mackerel, and I thought I was off thread.

63   Unalloyed   2006 Feb 13, 2:29pm  

Yes, yes...the nation is having a perpetual orgasm on Real Estate.

64   Peter P   2006 Feb 13, 2:53pm  

I expect opportunities like this to start happening at regular intervals. I got a killer deal on the bike.

Buy his plane, and then his nice boat. :)

65   Peter P   2006 Feb 13, 3:04pm  

New thread: Google and Bay Area real estates

66   Peter P   2006 Feb 13, 3:05pm  

“My life was saved because I was driving a BMW” stories are numerous, you can probably say the same about Mercedes and Volvo. but to me, BMW is the way to go.

Yes, there is a "Volvo saved my life" club. :)

67   Peter P   2006 Feb 13, 3:09pm  

Calling all software designers…Why hasn’t the entire Real Estate process been put online, Buying & Selling, from start to finish ?

Have you tried condoflip.com? :)

68   Peter P   2006 Feb 13, 3:36pm  

My husband read that statistically speaking (I know, I know, probably made up like most stats are) 1 in 4 drivers on the road at any given time are drunk. I don’t know how accurate that is, but it’s probably best to assume it is.

This is unbelievable. Drunk drivers pose much more danger to the society than drug abusers. Also, I think the punishment for DUI is not severe enough because drunk driving is terrorism.

69   Peter P   2006 Feb 13, 3:38pm  

_Must stop the digressions, bad SQT_

Huh?

70   Peter P   2006 Feb 13, 3:39pm  

Where is Jack, Kurt, and Jamie?

71   Peter P   2006 Feb 13, 3:56pm  

A 40 ft wave does have a way of bringing you back to ‘reality’.

The 40ft wave of foreclosure and bankruptcy may perhaps brink homedebtors back yo reality. ;)

72   DeoVindice   2006 Feb 14, 3:15am  

"As to the Paxil/Prozac nation, read Betty Friedan’s The Feminine Mystique, she just passed away this month, but her book might give y’ all a peak into why boomers are parting from this world in drug induced comas. I didn’t read Friedan’s book until I was 40, but I understood better the choices my mother had, and the cultural wall that trapped her in her kitchen."

Wendy McElroy at FoxNews.com writes a coumn called ifeminists. Her last column was about Betty Friedan, and essentially she concluded that she was a fraud. Betty Friedan was a dedicated Marxist, and her survey of "Average American Women" and their choices was really a survey of Wellesly graduates--not middle class women. As such, according to Ms McElroy, Betty Friedan failed poor and middle class women with radicalism that did nothing to address their real problems. The article was an interesting read.

I urge anyone with children or anyone attending an American university to read "Who stole Feminism" by Christina Hoff-Sommers of the American Enterprise Institute. It is frightening that people who preach hate receive federal funding and teach our children.

--Deo Vindice

73   newsfreak   2006 Feb 14, 4:32am  

If Betty Friedan is a fraud, then why are so many American suburban/urban women still doing drugs to cope? I am no Marxist, nor a fraud, but her description fits my mother and mother-in-law, intelligent women who never felt fulfilled. Certainly, they had their happy days, but I would not throw out everything she has to say about the role of women. Nor do I throw out everything Marx has to say about power and the working class.

Friedan is was no more a fraud than Bush I would propose.

And DinOR,
even the drugs of today, are not as strong as those in the 70's, my daughter did a research paper in college and told me her results.

Maybe the need or appetite for more and more drugs, and thus overdose, somehow parallels the need for more and more equity, and thus the bubble. Maybe our country so promotes consuming it is an obsession of one kind of object or another (trying to relate this to housing without dwelling on boomers).

Maybe what is national about the bubble is the consumption,
of doors,
windows,
dinner plates,
just the right rug,
matching glasses,
etc, etc, etc,
a national addiction.

74   newsfreak   2006 Feb 14, 4:37am  

And The Yellow Wallpaper, that is by Charlotte Prekins Gilman. A fraud too? perhaps, but she was 19th c. and spoke from familiar ground.

DeoVindice

I am not a purist,
I am a poet,
I borrow from everyone.
A verb here,
a noun there,
to form a whole thought.

We do not live in isolation,
Marx or Friedan,
or even the Shrub,
we are influenced by them all.

75   Peter P   2006 Feb 14, 5:21am  

SQT, it is indeed a sad story.

76   DeoVindice   2006 Feb 14, 1:46pm  

My wife's family (both male and female) were early supporters of Women's rights since the earlyt 19th century. As upper-class Virginians, this was quite rare, and quite controversial. It also came without the hatred and academic fraud of New England gender feminists. Given that they had reasonable and prcatical goals, they were quite influential.

The idea that womens rights should be linked with hating men and "un-gendering" children is abhorrent. The fact of the matter is that women should be free to choose a career or stay at home as mothers. My wife is a UVA graduate, and is at the same time thrilled to be a stay at home mom.

Unfortunately modern feminism claims that the "sex gender system" has so corrupted women that their choices to be mothers are "unauthentic" because they were raised in the corrupt system. They lifted this idea from Lenin, and it explains why they are elitist and yet clalim to speak for all women at the same time.

In other words, modern feminists are mysogynists as well as misandrists. They are also centered primarily in the Ivy League Universities. If feminists want to hate men, hate women, and harm children at the same time, they should do so without federal funding.

Let me please re-iterate my recommendation for "who stole feminism" by Christina Hoff-Sommers. The reviewers who reject it are no doubt radical gender feminists.

Sorry to be OT yet again, but this is a topic that offends me deeply as a Husband, the father of a young daughter, and an American. There is a good reason why 75% of American women refuse to delcare themselves feminists.

--Deo Vindice

77   surfer-x   2006 Feb 14, 3:09pm  

Deo Vindice, may great^7 grandfather (a quaker) wrote the first treatse on the wrongs of slavery and women's rights. The bullshit 60's woman's rights feminists are an artifact of that drug hazed environment. I think the best spokesperson on woman's rights is SQT, that chick has got balls.

78   surfer-x   2006 Feb 14, 3:13pm  

even the drugs of today, are not as strong as those in the 70’s, my daughter did a research paper in college and told me her results.

Ok you boomer fuck, here's a fact for you Pot, weed, reefer, KGB, the kind, in the 60's, you remember the 60's right? You were getting fucked by strangers in the park, remember? Ok, back on track, in the 60's mary jane was ~ ( that means approximatly) 2-4% THC, (that's the active ingrediant of marijuana, otherwise known as tetrahydrocannabinol) modern pot, perhaps as a result of your influence ;) is ~ 15-25% THC.

Shit I forgot everything was better in the 60's

79   Peter P   2006 Feb 15, 8:33am  

Anyone knows if you have an ARM, but fixed for the first 10 year, what is the risk of this type of loan?

One risk is that interest rate may be higher on the 11th year. On the other hand, if you sell before then, the proceed may not cover the loan principal. It all depends on your cost basis, of course.

Also, if interest rate goes up within this 10 year period, fewer people will be able to afford your house at a given price.

There is no particular risk if you intend to pay off the mortgage by the end of the 10-year period.

And can anyone comment on the Las Vegas housing bubble? $300K for a 2000 sq ft. new home, good investment?

Hard to say. I love LV, but I am not familiar with the market. Ask ptiemann.

80   Peter P   2006 Feb 15, 8:34am  

And can anyone comment on the Las Vegas housing bubble? $300K for a 2000 sq ft. new home, good investment?

Can you obtain positive cashflow without using Option ARM?

81   Peter P   2006 Feb 15, 8:44am  

Something was wrong with the Google thread, it would not scroll down to the bottom, nor did it include the submit comment box. Is that my computer or the thread?

Hmm, strange. Try refreshing the page.

« First        Comments 61 - 81 of 81        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste