patrick.net

What is so good about the city anyway? Cities are bums magnets.

http://www.ranchogrande.com/San%20Jose.html

Cant understand a word on that page. Anyone care to translate what she is saying?

Peter P

Victims of muggings do often get some form of "bailout". Many times they qualify for various government assistance programs if they are truly in need. They also will receive various forms of help from private support non profit agencies.

This was from 2002...

MGIC executive: Homeownership will climb
By MICHELE DERUS
Journal Sentinel
Posted: April 23, 2002
Homeownership will climb to 70% or more of U.S. households this decade, giving the mortgage industry more than $1 trillion in business, an MGIC Investment Corp. executive said Monday.

Most growth is expected to come from immigrants and minorities, two fast-growing groups "who are significantly below the average homeownership rate - at about 48%," said J. Michael Lauer, the Milwaukee-based insurer's executive vice president and chief financial officer.

Many will have less than a 20% down payment and will require mortgage insurance, boosting the fortunes of companies such as MGIC, Lauer said.

Homeowners will generate between $1 trillion and $2 trillion in mortgage originations this decade, and nearly one in five loans will require mortgage insurance, he said.

Lauer's comments came at UBS Warburg's 2002 Global Financial Services Conference in New York, Webcast to the media and investment community.

America's homeownership rate, now at 68% of households, could hit 71% or more by 2010, Lauer said.

"We expect 15 million new homeowners this decade," he said.

http://www.jsonline.com/story/index.aspx?id=37251&format=print

And today they cant even pay due to resets....

BAHAHAHAHAHAHA

BigBrother

Thanks. I knew real economics was useless. From now on I'll be sure to follow your NARonomics.

Someone posted a while back that they thought rich white professionals would “gentrify” the barrios of San Mateo and Redwood City.

From what I have seen almost all the sales in crappy parts of San Mateo, Redwood City and the Bayview/Hunters Point have been to low income minorities who don’t speak English or understand the term “NegAm/IO”…

P.S. Almost all the Realtors and Mortgage brokers that have been “helping” these minorities “buy a piece of the American Dream” have been high income minorities who have been making boat loads of money (often selling property that they own themselves) since the minorities usually believe that someone from their country will not screw them…

Many times they qualify for various government assistance programs if they are truly in need. They also will receive various forms of help from private support non profit agencies.

Wow. I always worry that I will get robbed and then slapped with a gift-tax bill. :)

since the minorities usually believe that someone from their country will not screw them

LOL. Greed is the universal currency.

I think Prop 13 should be interpereted to make the 2006 buyers' property taxes grow at 2% a year. See how long until they pay the same as people who buy in a few years.

"What is so good about the city anyway? Cities are bums magnets."

I guess you never had a real Italian Cannoli ?
Saw 100 people running in the street buck naked on Saturday Afternoon?
Saw a live show (Rock, Pop, Opera in the ParK, etc etc ) ?
Went to a Art gallery ?
Went to a baseball football or Golf event ?
Been to a actual trade or hobby convention ?
Go to a night club, where the women actually do go back to your place for the evening ?

I dont see this happening in the SouthBay or San Mateo County, Did you...
... frankly one Wine Festival is all can tolerate for the summer?

I guess you never had a real Italian Cannoli ?

I beg to differ. SF doesn't have real Italian cannoli. They pale in comparison to those you can get in NYC, Boston, or Philly.

Randy H -

Saw your 1996/2006... that was great man!
Dont you want to Bitch slap the banks?
and ask "Whats a matter with you!"

I will agree that most of the South Bay is a soul-sucking oppressive hell.

I lived in SF in my early/mid twenties. Loved it. Not exactly where I want to raise my kids, however. I'd like a yard. :)

I guess you never had a real Italian Cannoli ?

Try Marahs on Columbus....

The point being ... you aint got nothing in the
south bay! Damn boring.

"South Bay is a soul-sucking oppressive hell."

Your being way to nice about the South Bay!

"South Bay is a soul-sucking oppressive hell."

Your being way to nice about the South Bay!

I beg to differ. SF doesn’t have real Italian cannoli. They pale in comparison to those you can get in NYC, Boston, or Philly.

Many of my favorite restaurants are not in SF.

NYC has much better Italian food.

Saw 100 people running in the street buck naked on Saturday Afternoon?

Can I have them arrested for indecent exposure?

Went to a Art gallery ?

Europe has more.

Went to a baseball football or Golf event ?

You mean crowd?

Been to a actual trade or hobby convention ?

I have been to a gemstone show in San Rafael. I Bought a Tibetan meditation bowl.

Go to a night club, where the women actually do go back to your place for the evening ?

Huh?

The point being … you aint got nothing in the south bay! Damn boring.

There are plenty of good restaurants on the Peninsula though.

Los Altos has a much nicer downtown. It has fewer weird people walking around.

Palo Alto has pretty good Italian food now on University Ave.

You still need to go to SF for a nice French dinner though.

At least, you should be able to block by IP addresses and/or keywords.

Many of my favorite restaurants are not in SF.
NYC has much better Italian food. ---> Move to NYC
Saw 100 people running in the street buck naked on Saturday Afternoon?
Can I have them arrested for indecent exposure? ----> Why?
Went to a Art gallery ? Europe has more. --- Move to Europe
Went to a baseball football or Golf event ? You mean crowd? --> Yea!
Been to a actual trade or hobby convention ?
I have been to a gemstone show in San Rafael. I Bought a Tibetan meditation bowl. ---- Ever been to the Heigh Ashbury???
Go to a night club, where the women actually do go back to your place for the evening ? Huh? ......... Oh you prefer the Fat Chunky kind in San Jose.

LOL! Sorry Peter ! Your just not a great date!

3.1B for Double-click ? Crazy. At least they will not add as much legal trouble as YouTube.

There are plenty of good restaurants on the Peninsula though.

I wouldn't say plenty, unless by good you mean passable. SF and the East Bay have MUCH better food.

The spanish is a bit rough on the "raunchy grande" page; But I am not mexican, so maybe that will pass for mexican spanish...It reads more like english written in spanish, the grammer is bad and the accent marks are missing on at least 50 words.

One of the reasons I got my license as a real estate agent (My full time job is university professor) was intense disgust at the abuses I saw other agents and especially loan officers commit on recent immigrants.

On another note, many many times I advised clients to buy less house and use fixed rate financing, but I have never had a client follow that advise. I think countrywide's advertisement from a couple years ago sums it up best: "Don't let the payment stand between you and the house of your dreams." What the f*&^ kind of advise is that?

Try Marahs on Columbus….

I'll give it a try - thanks for the tip. I'll have to say, the cannoli bar is set very high for me!

Similarly, like Peter P said, the Italian food in all of the Bay Area leaves a lot to be desired.

Skibum - I will take your word for it.

I heard that Millers on Polk imports their Bagels from NYC daily.
They have some other good deli items NYC style.

Similarly, like Peter P said, the Italian food in all of the Bay Area leaves a lot to be desired.

"Fifth and Madison" in Palo Alto gets a thumbsdown from me.

In part for their ridiculous name. It's not even a funny joke.

The only redeeming aspect is they have mortadella - that's hard to find.

From what I have seen almost all the sales in crappy parts of San Mateo, Redwood City and the Bayview/Hunters Point have been to low income minorities who don’t speak English or understand the term “NegAm/IO”…

That reminds me, I need to move to RWC or somewhere more North this summer. Between 92 and 84. Pref closer to 101 for commute purposes.

And, I'll still be a JBR.

Any recommendations?

“Fifth and Madison” in Palo Alto gets a thumbsdown from me.

Other "Italian" places around here that get my thumbsdown:

- Il Fornaio: overrated, bland food
- Bucca de Beppo: chain store quality
- Rose Pistola: overrated, flavorless
- Kuleto's: bland, feels like a "Cheesecake Factory" inside

Much better, but still problematic:
- Olivetto: good food, but it's not really Italian
- Quince: same as above

I've never been to Don Giovanni up in Napa, but I suspect it would be similar to Olivetto or Quince in criticism.

Peter P,

Even though my professional responsibility professor specifically warned giving any kind of advice over the internet, I think this is generic enough to be okay.

You have an annual gift exemption of $12,000. Those theoretical philanthropic organizations would have to be exceptionally generous for this to ever be a problem.

That reminds me, I need to move to RWC or somewhere more North this summer. Between 92 and 84. Pref closer to 101 for commute purposes.

If you want commute convenience, that particular location, and you don't care about ambience or culture, I'd go for Foster City or Redwood Shores. They'd be fine for renting, but I'd never buy there (built on landfill). For more stuff to do, San Mateo is not bad. Lot's of decent restaurants in downtown.

Oh wait, bad advice. Substitute "philanthropic organization" with "mom dad"

SFBubble says
"I think Prop 13 should be interpereted to make the 2006 buyers’ property taxes grow at 2% a year. See how long until they pay the same as people who buy in a few years. "

It will drop with the current values. It can only go up a maximum of 2% a year if the value goes above an overall 2% per year.

I will never understand Olive Garden, why wait in line for food you can prepare in less time and 1/2 the money (or 1/5th the money if you use their ingredients)?

Wouldn't it have been smarter for him and his friends to buy a farm instead?

Hobby farming is expensive and very tiring.

Whereas career farming will buy you a $720,000 house!

The Housing Bubble Correction be Napoleon's Russian campaign + Hitler's Russian campaign.