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So long, David!


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2007 May 15, 8:31am   25,717 views  241 comments

by HARM   ➕follow (0)   💰tip   ignore  

Mission Accomplished!

A Farewell to (option-)ARMs

David Lereah has officially vacated his post as chief shill, propagandist, economist for the NAR. Needless to say, we're really going to miss him here at Patrick.net. Over the many months we have been following him, we have come to revile, detest, loathe, appreciate him as a reliable bald-faced liar, shameless industry whore, source of real estate market information, as well as the public face of the NAR.

David will most likely be replaced by well known NAR lackey, toady, devil spawn, senior economist Lawrence Yun, as he moves on to pursue other interests. He reportedly left his post at the NAR due to being universally reviled, having zero credibility, the repeated death threats, wanting more time to spend with his family and to accept a new position as Chairman of Move, Inc.

So long, David! We all wish you the best!
HARM & the gang

#housing

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85   Peter P   2007 May 16, 2:43pm  

Honestly, I can only think of one person that GC sort of drove out and saying more of my opinion on that matter is likely to get me in trouble.

Hmm...

86   SP   2007 May 16, 2:51pm  

James Says:
I’m a little suspicious of www.housingtracker.net’s data. It claims that the current inventory of the SF area is 15639 and the data is taken from MLS listings.

It is odd that when you find a discrepancy between housingtracker data and your mlslisting search data, it is only housingtracker that you are suspicious of.

SP

87   SP   2007 May 16, 2:56pm  

[previous reply got cut off by mistake]
The housingtracker site includes condos also in the inventory. Did you include them in your search?

SP

88   SP   2007 May 16, 3:06pm  

EBGuy said:
prices are not necessarily falling… it’s just that the realtor is getting hungry ;-) (fewer number of total sales, less pie to be divided)

Starving realtwhore or not, I would say prices _are_ falling. It will take a few weeks time for this to be undeniable.

SP

89   Randy H   2007 May 16, 3:07pm  

astrid,

Some things are worth standing up to. GC is the epitome of what jeopardizes internet freedom.

He is a coward who fancies himself an intellectual anarchist. If he's capable of disgusting Surfer-X, then he is clearly devoid of redeeming value.

The only reason I haven't moved to ban him thus far is in honoring our policy of being "tolerant" of trolls. That doesn't mean I have to be quiet about his shit, or that I have to allow it on my threads (this is Harm's thread).

90   danville woman   2007 May 16, 3:10pm  

DairyQueen

Danville and Alamo are in the Bay Area, California

91   Busted   2007 May 16, 3:13pm  

Things are really slowing in Fremont as well. My wife and I have looked at two places in the past month. One has been dropped from 800 to 760. Listing agent called last Tuesday to say they received an offer and we'd have two days to get our offer in. 8 days later no pending sign posted. The other place listed for 720 has dropped to 700 - listing agent informed us of the drop by voicemail. My wife wondered how he got her phone number when we didn't leave our info at the open house. I informed her that he got it from his cell phone history log when we called to see when the open house would be.

92   SP   2007 May 16, 3:15pm  

DAiryQUeen Says:
DQ Reports Bay Area Prices up 3.8% YoY in April, 2007 from a year ago. Sorry, no implosion.

Yeah, these days that DQ "report" is sounding about as credible as a letter to the Penthouse Forum.

SP

93   Randy H   2007 May 16, 3:22pm  

Marin is up 8.8% only because of how statistics work.

Many less homes are selling here. More $2.5m homes are selling than $899K homes. No one is buying at the bottom end.

Hit the "average" button on your HP and you'll get a higher price, even while house-on-house prices are falling.

94   Peter P   2007 May 16, 3:24pm  

What can you get for $899K in PRIME Marin? I bet the bedroom to bathroom ratio would be severe.

95   Brand165   2007 May 16, 3:28pm  

GC: Your off-topic posts remind me of Casey Serin's blog---a plea for attention implemented with repeated "evidence" to trigger a response, followed by a feeble defense or weak agreement.

For all your ramblings on shoes, anal eroticism and your obession with the reversal of male and female roles, the truth is that you are either flamingly gay or you are not. Your sexual orientation probably has no bearing on what you post here. You post off-topic garbage for the negative attention value, not for any sort of peer affirmation. Just get on with it already. If you were really a handsome guy getting a lot of female attention in real life, you would have neither the time nor the inclination to dig for scorn and sympathy on a housing blog. Freud would cheerfully tell you that himself.

96   OO   2007 May 16, 3:31pm  

I went to the peninsula today and drove around Belmont, since I heard so much about the neighborhood and never got around to see what it is like.

Can someone please enlighten me if I drove in the bad parts of Belmont (foothill and up on the hills), because the whole place is littered with run-down homes with tiny lots. The view may be good, but I would absolutely hate my neighbors who don't seem to have enough money to maintain their lawn. There are a few updated house here and there, but it is far from what I am used to in the more universally posh areas of South Bay.

Parts of Sunnyvale, for example, looks working class, but it doesn't look poor. Parts of Belmont look POOR, it seems like the people staying in these supposedly million-dollar homes cannot even afford minimal maintenance.

97   Brand165   2007 May 16, 3:31pm  

Damn that. My post went into moderation. First one in many months. Probably not worth fishing out though.

98   Claire   2007 May 16, 3:32pm  

You know I'm not a regular poster, but I read this blog a lot and have done for a couple of years now. I think GC should be banned and his comments above removed - they are not appropriate and I believe he made some other inappropriate comments in a couple of the other threads recently.

99   Claire   2007 May 16, 3:36pm  

OO - you haven't been the otherside of the 101 then, close to the bay - there are some really run down pocket areas of Sunnyvale - although they were being regenerated - rather some had been bought and bulldozed.

100   OO   2007 May 16, 3:45pm  

Claire,

you are right, I almost forgot the commerical part of Sunnyvale. But I never hear from anyone exalting Sunnyvale as the "upscale" neighborhood, while I hear about Belmont as the jewel of the peninsula quite a few times, so I decided to check it out since I was traveling to the City today.

Maybe I missed the really posh parts of Belmont, but for the areas that I drove by, all I can say is, I am real happy that I don't live there.

101   danville woman   2007 May 16, 3:49pm  

GC seems to have urges he/she cannot control, which make him/her not able to fit in with most people.

102   Randy H   2007 May 16, 3:49pm  

OO

The nice neighborhoods are mostly up off of Ralston at the top of the hill before 280. To the North there are a couple of McMansion developments. In the homes ringing San Juan Canyon -- many of which are older homes with elders living there and thus looking unkempt -- there are some pockets of $1.5m-$2.0m homes with spectacular views and even acerage.

The other side of Ralston has the "prime" neighborhoods, nearly all of which have curb appeal. Caremark is what it's usually called; past and behind the middle school.

103   Randy H   2007 May 16, 3:53pm  

Belmont is not a "jewel". It is a nice little "bedroom community" that has managed to gentrify itself and contain the blight fairly well. Most people I knew with kids in Belmont loved the primary schools. Some used the middle school. Most resorted to private schools and avoided Carlmont HS.

Belmont is like San Carlos in many ways, just a bit more foothills-ish.

104   Randy H   2007 May 16, 3:59pm  

I'm encouraged to hear I'm not the only one who sees GC for the wretch he (I believe he's a he) is.

105   HARM   2007 May 16, 4:03pm  

Randy H,

Our "intellectual anarchist" as you aptly termed him seems determined to test the precise limits of our tolerance here. So be it. I plan on ignoring him for now, as he seems to feed off the negative attention like a spoiled child. I could care less about Freud excerpts, but I did remove the "poop report" links.

106   HARM   2007 May 16, 4:08pm  

Yeah, whatever...

107   Peter P   2007 May 16, 4:27pm  

I like to spice up the conversation. All these housing talks can become boring very quickly. Please tell me what new insights has someone uttered recently?

But there is always sushi.

The reason why some people jump to conclusion and want to ban me is because I ticked their nerves.

Huh?

108   Peter P   2007 May 16, 4:30pm  

Since people complained about the inaccuracy in using the median price, can someone come up with a scientific method to depict the trend in the RE?

I suspect the trend also has something to do with the number of pirates.

109   Randy H   2007 May 16, 4:32pm  

GC, why don't you level with everyone about what GC stands for, and why LILLL called your shit out. I won't mince words. You are one sick fuck, and as a father of a child, if I ever had the pleasure of meeting you in person you'd wish you'd never discovered blogs.

All I can say is if you're just assuming some pseudoidentity to sew anarchy you'd best beware of getting burned by fires you set.

Or are you going to pretend you're a culturally blind immigrant again (who just happened to choose pseudonyms signifying a notorious internet paedophile chat ring)?

110   Peter P   2007 May 16, 4:41pm  

GC, you do enjoy conflicts. Why are you pushing so hard?

111   Jimbo   2007 May 16, 4:49pm  

But there is always sushi.

I went to Kyo-ya recently. It was definitely good quality sushi, but about 2X what I expected it to be and I expected it to be expensive. I think Koo is better and definitely less expensive.

Has anyone been to Sebo or Naked Fish? I am especially intrigued by Sebo, but I guess I would have to get a sitter to go there. It does not sound "kid friendly."

112   Peter P   2007 May 16, 4:50pm  

I’m just defending myself and be very open about it.

Why do I never have the need to defend myself? Just a thought.

113   EBGuy   2007 May 16, 4:52pm  

So, perhaps the four horsemen of the housing apocalypse have reached Danville by now (wow, I hadn't realized they were so wealthy out there: the median income for a household in the town was $114,064, and the median income for a family was $125,867. ). Not that I doubt they won't reach my hood, but it still seems a bit crazy here. The two houses I have been keeping tabs on via the bike ride home look to be in contract. Also, two single family detached condos have sold, one for over $750k and the other was priced at $800k in a nicer part of town. Maybe we are prime for now. Well, we do have intangibles -- one of the few places besides SF that you can get attacked by marauding bands of bicyclists....

114   Peter P   2007 May 16, 4:52pm  

Has anyone been to Sebo or Naked Fish? I am especially intrigued by Sebo, but I guess I would have to get a sitter to go there. It does not sound “kid friendly.”

Sushi restaurants are generally not very kid friendly. Raw food is still a bit risky.

115   Peter P   2007 May 16, 4:55pm  

Danville is a nice little town. There is even an automobile museum.

116   HARM   2007 May 16, 4:56pm  

GC,

I've about reached the limits of my patience with this stupid cycle of you trying to bait others by posting bizarre sex or scatological content followed by pointless back-and-forth between you and... just about everyone else on this blog. Either cool it and let the subject drop, or say goodbye.

117   HARM   2007 May 16, 4:58pm  

Last warning.

118   surfer-x   2007 May 16, 5:12pm  

All these housing talks can become boring very quickly. Please tell me what new insights has someone uttered recently?

IT'S A FUCKING HOUSING BLOG.

119   Randy H   2007 May 16, 11:51pm  

@everyone

I apologize for my outburst last night.

Coincidences do happen. You judge for yourself how likely a coincidence someone would choose "GC" as a handle, then indulge repeatedly in veiled pedophilia references -- often so he can put himself in the role of defending such. Remember, "GC" posted for a long time as various handles beginning with G.C. like Gentle Cheetah before shortening his pseudonym, perhaps after he was certain no one here got it.

For reference:

http://www.childlover.org/index.php/Annabelleigh.net

Annabelleigh.net referred to as "Girl Chat" or "GC", founded 6 May 2000, is the longest running known Girl Love board. The way it works is based very much on how "Boy Chat" works

120   DinOR   2007 May 17, 12:15am  

Some pretty frank talk from Heli-Ben in Chicago. In spite of the candor I'm not convinced the Fed can make the claim that they were aware of the implications of the credit/housing bubble all along. Many of his comments seemed to be in response to MSM observations.

121   DinOR   2007 May 17, 12:26am  

Randy H,

There's absolutely nothing wrong with having parental instincts. They're a good thing. Governor Conan or GC or whatever "costume" he's wearing that day suffers from 'John Mark Carr Syndrome'. Just smart enough to realize acting on his fantasies might curtail his freedom so he has satisfy his desires by making shocking and outrageous claims.

NIA

122   SP   2007 May 17, 12:43am  

DinOR said:
Governor Conan or GC or whatever “costume” he’s wearing that day suffers from ‘John Mark Carr Syndrome’.

I would say GC and the other trolls are more of a 'Fart In The Elevator' syndrome.

The experience of being here would be much better if said FITE were forcibly removed (and subjected to corrective induement by RandyH :grin: ), but since the time for which we are forced into interaction is somewhat limited, we hold our noses and get by.

SP

123   SP   2007 May 17, 12:45am  

%s / induement / inducement

SP

124   DinOR   2007 May 17, 12:52am  

SP,

LOL! O.K.... I can get on board with that. You do have to wonder if that's how some of those clowns (and I do mean clowns) got started. I'd read accounts that John Wayne Gacy started molesting younger boys as early as 10 and had committed his first murder before he was 13. If you have a really strong stomach you can rent "Dahmer" to see first hand how serial killers get their start although I will warn, it's one of those things you can't "un-see".

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