patrick.net

Waiting, did you buy yet? Did you buy yet? Dude, get out there and buy, now is the time. Do it, come on you know you want to. Just think of all the benefits, just think of being able to hold your head up proudly and say "I am a homedebtor". Come on do it.

Waiting
We keep Surfer-X locked up and let him out only to bite the faces off of the trolls. He's our pet doberman and only responds pleasantly to German words.... like shadenfreud. He so often says exactly what we are feeling, that we tend to smile as he rants about maggot cockgobblers and muscle mags with mayo. What's the problem...the fat chick remark strike a chord?

Arg... MISH is being depressing again. Makes me want to stop buying stocks (except maybe a Euro/Gold ETF) and just accumulate cash until Autumn.

MISH is being depressing again.

Duh! :)

I know I (and others) have brought this up before but I was just going over the emp. #'s and it occured to me that the bubble has actually been a mechanism to keep wages low and in some cases drive them lower. With the widespread availability of IO and pay option loans (along w/ever increasing RE values) there was no momentum for any kind of wage pressure or negotiating leverage. So:

Get out of my office! Show some b*lls, win a bidding war on a house you can not afford, get hooked up w/some shady mort. broker, cook up a payment, make 24 of them and flip it to some greater fool! There's your f'n raise! Now close the f'n door on your way out!

@Linda :lol:

I wandered over to the housing forum on CL the other evening; it seems the tide has turned there. Especially sad watching the one or two brokers desperately trying to drum up business.

184 bigfoot sightings in Ohio?

Huh? I mean Duh!

Especially sad watching the one or two brokers desperately trying to drum up business.

Was Face Reality "stirring up" things again?

I've kept an eye on CL and haven't seen Face Reality lately. The bears have been out in force, though. :)

Huh?

Or maybe the bulls are just growing more fur.

Or should I say...Duh bulls are growing more fur....

Jamie, where have you been?

The bears have been out in force, though.

Winter is over and we bears are all out of hibernation. Watch out for our paws, it is a delicacy for some.

Or maybe the bulls are just growing more fur.

Or are just producing more $hit.

@ps, noooooooooo not you, PS=Post Script

Jamie's hot!

Jamie Says:
Huh?

Did you end up moving to Belmont?

Blog Party 3.0?

Blog Party!

i know the market is trending lower....but i havent been
to find a property in san jose that is listed lower than its
selling price in 2005....that is, till now... here it is.

address: 5003 Phileo CT, San Jose - Cambrian, 95124

2005:

(from zillow.com)
Sale History & Tax Info Sale History
08/17/2005: $750,000

2006:
mls#619009

ZipRealty Price Track:

Price Reduced: 04/10/06 -- $785,000 to $765,000
Price Reduced: 04/17/06 -- $765,000 to $755,000
Price Reduced: 05/02/06 -- $755,000 to $745,000

with the closing costs, sales commissions & such, the flipper
has already lost $30K-50K in less than a year.

duh?

i know the market is trending lower….but i havent been
to find a property in san jose that is listed lower than its
selling price in 2005….that is, till now… here it is.

I have also seen a SHORT SALE listing on CL.

Housing bubble?

Duh indeed.

Peter too!

Huh?

Where have I been? Off on a tangent (apparently a hot one, and no, not in Belmont).

Blog party 3.0? Huh?

newsfreak,

The difference between then and now is: then = investing and saving (I know inflation was high, but the stock market and housing were both quite cheap by today's standard) cheap, consumption = expensive. now saving = expensive, consumption = cheap.

And people wonder why young people are screwing themselves with $20K credit card debts!

Hopefully, you finished a book?

Is the title "How a Flipper Got kissed, Got wild, and Got a Life" ?

(and now for an ill thought out and possibly completely erroneous comment)

Right now, with the moral hazards of bankruptcy and what not, period one expenditure are close to cost of period 2 expenditure. There's little incentive to save for a utility maximizer outside of tax calculations.

John M = Bring back Taylorism!

newsfreak,

My mom recalled seeing less than 70 cents/gallon of gas in the mid to late eighties :)

My mom recalled seeing less than 70 cents/gallon of gas in the mid to late eighties

I was paying $1 gas less than 10 years ago.

newsfreak,

http://en.wikipedia.org/wiki/Taylorism

I can do without #3 though. I'm pretty mellow and underachieving as it is :)

There's always plenty of Duh to go around:P

I have also seen a SHORT SALE listing on CL.

Huh? I must have missed this. Got link?

@newsfreak,

Randy H merely regurgitated what a brilliant writer in yesterday's FT calculated, just to be clear (of any future charges of plagarisation).

Quick question: what is the best way to get to Sedona from the Silicon Valley?

Huh? I must have missed this. Got link?

http://www.craigslist.org/sby/rfs/157081160.html

15 to Vegas? Then follow the crows.

Any way to avoid two-lane highway as much as possible?

newsfreak,

Actually, my old college roommate used to smoke pot in my room (and then had the galls to kick me out for being passive aggressive) and I know a couple people in college who smoked pot. They can be very fun and quite mellow, but no thanks. Besides, people used to think I'm drugs when I was just high from having a good time. (because of good conversation and good music, Unalloyed, I can't believe your mind went there! :P )