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Is he for real?


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2013 Aug 25, 8:03am   63,347 views  189 comments

by GonzoReal   ➕follow (3)   💰tip   ignore  

no one knows

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111   tatupu70   2013 Aug 27, 12:44am  

Call it Crazy says

tatupu70 says



Up. Anything above zero means rising prices.


Give it a few more months.... At that direction, it could be at zero soon.... Dropping from 1.73% down to 0.89% in two months ain't a positive direction....

The rate of increase has slowed yes. But like the oracle said, 11%/year growth is a FAR cray from falling.

112   tatupu70   2013 Aug 27, 1:02am  

Call it Crazy says

I know, you have a tough time following a trend line..... See if this helps
your comprehension..

I understand fine. Any time the bar is above zero means prices are rising.

Sure, prices aren't RISING as fast as they were in March, but they are still rising at a pretty healthy clip.

113   Bigsby   2013 Aug 27, 1:06am  

Call it Crazy says

tatupu70 says

Give it a few more months.... At that direction, it could be at zero soon.... Dropping from 1.73% down to 0.89% in two months ain't a positive direction....

The rate of increase has slowed yes. But like the oracle said, 11%/year growth is a FAR cray from falling.

I know, you have a tough time following a trend line..... See if this helps your comprehension..

*

What is your argument again?

114   David Losh   2013 Aug 27, 1:09am  

Thanks Professor for getting the trolls out so we can see who they are, and how elaborate the ranting has become.

What a train wreck!

115   mell   2013 Aug 27, 1:13am  

tatupu70 says

But like the oracle said

LOL, You guys must be losing it in this beginning bear market. What's next, the keymaster? ;)

116   tatupu70   2013 Aug 27, 1:27am  

mell says

LOL, You guys must be losing it in this beginning bear market. What's next,
the keymaster? ;)

This is like an alternate universe. 11%/year rise in prices is a bear market?

117   David Losh   2013 Aug 27, 1:54am  

tatupu70 says

11%/year rise in prices is a bear market?

It's called the rusty nail.

Just because a rusty nail sells for more than it's value, doesn't change the value.

That's an extension of the golden rail road spike theory, that says not all gold rail road spikes are actually gold, some are solid gold, some are dipped in gold, and some are painted gold.

If they all sell for the same price it doesn't mean the have the same value.

You're flailing here, because Real Estate isn't something you understand.

Glenn Kelman at redfin figured that out long ago. He's been described as a snake oil sales person, and I agree.

Keep pushing the hype. I'm just glad you are all corralled here in one place.

118   tatupu70   2013 Aug 27, 1:59am  

David Losh says

You're flailing here, because Real Estate isn't something you understand.

I'm flailing? Really? You do live in an alternate universe.

David Losh says

That's an extension of the golden rail road spike theory, that says not all
gold rail road spikes are actually gold, some are solid gold, some are dipped in
gold, and some are painted gold.


If they all sell for the same price it doesn't mean the have the same
value.

That is a very poor analogy. Nobody is committing fraud on buyers.

OK, then, let's get to the crux of your argument. How do you determine "value" of housing now? What metrics are you using?

119   tatupu70   2013 Aug 27, 2:00am  

Call it Crazy says

It was 23% a few months before that in March....

And it was 12% a few months before that in January. My guess is it will go back to very small rises or flat.

120   mell   2013 Aug 27, 2:12am  

tatupu70 says

mell says

LOL, You guys must be losing it in this beginning bear market. What's next,

the keymaster? ;)

This is like an alternate universe. 11%/year rise in prices is a bear market?

I said "beginning", but I was more referring to the "oracle" anyways. This is rich ;)

121   tatupu70   2013 Aug 27, 2:20am  

mell says

I said "beginning", but I was more referring to the "oracle" anyways. This is
rich ;)

Wouldn't even the "beginning" of a bear market require prices to, you know, actually be falling?

122   RentingForHalfTheCost   2013 Aug 27, 4:54am  

egads101 says

So, if you say prices will drop, and they drop.... that is real

but if they go up.... that is fantasy?

Hey, you can never be wrong then!!! Except that you are wrong!

Maybe a group picture?

If you could see today's data you would see they drop. Once this baby turns, it will turn fast, and I think it already is. Each day home owners are losing money at this point. Sucks to many.

123   RentingForHalfTheCost   2013 Aug 27, 4:55am  

egads101 says

the gain will be lower, but it will not be zero.

We absolutely agree. The gain will be negative and negative for a while, until the fed decides to steal from 2 generations forward. They already rapped the first.

124   RentingForHalfTheCost   2013 Aug 27, 4:57am  

tatupu70 says

mell says

I said "beginning", but I was more referring to the "oracle" anyways. This is

rich ;)

Wouldn't even the "beginning" of a bear market require prices to, you know, actually be falling?

Yes, and they are. Just wait until you are shocked by the sales that are occurring today in both the new and existing homes. Looking at June data and beating your chest really seems silly to me. We are almost in September and things are not as good as people believe. Sales are down, prices are down. You will see soon enough.

125   tatupu70   2013 Aug 27, 5:16am  

RentingForHalfTheCost says

Yes, and they are. Just wait until you are shocked by the sales that are
occurring today in both the new and existing homes.

No offense, but you've been preparing me to be shocked for quite some time now. And your track record for delivering the shock is zero. I think I'll continue believing that the appreciation will slow this year, but there will be no reversal.

126   RentingForHalfTheCost   2013 Aug 27, 7:18am  

egads101 says

The oracle has the power of vision. You do not.

Sorry Oracle, in this case you are a fool and moron. The crash is happening right before our eyes. Next data sample will be horrific to the Oracle.

127   RentingForHalfTheCost   2013 Aug 27, 7:22am  

tatupu70 says

RentingForHalfTheCost says

Yes, and they are. Just wait until you are shocked by the sales that are

occurring today in both the new and existing homes.

No offense, but you've been preparing me to be shocked for quite some time now. And your track record for delivering the shock is zero. I think I'll continue believing that the appreciation will slow this year, but there will be no reversal.

That is exactly why you and many will be shocked. To the point you will rush to the nearest agent and sell your cozy shack for 40 cents on the dollar.

128   thomaswong.1986   2013 Aug 27, 8:22am  

Call it Crazy says

bob2356 says

Perhaps you could share your definition of everywhere with us?

I think his "everywhere" is a 100 mile radius of Concord....

round as a bubble... "he is in the bubble unable to see it while the rest of us
can clearly see it."

129   RentingForHalfTheCost   2013 Aug 27, 8:59am  

sbh says

You may eventually be right about a reversal

No might. This thing is going down faster than anyone can predict. Erasing all the recent gains will be the good case scenario. Good luck to all the ones holding the bag.

130   turtledove   2013 Aug 27, 9:27am  

egads, why do you refer to yourself in the third person?

131   turtledove   2013 Aug 27, 9:55am  

egads101 says

The oracle cares not if you understand.

Well, Turtledove, or "Her Imperial Highness" as she is referred to on her home planet, cares not if your readers are distracted from your message by your word choices.

egads101 says

so the oracle entered 3.1415926535897932384626433832795028841971693993751058...

Pi. Something a math teacher might think of. The plot thickens...

132   Bigsby   2013 Aug 27, 10:41am  

turtledove says

egads101 says

The oracle cares not if you understand.

Well, Turtledove, or "Her Imperial Highness" as she is referred to on her home planet, cares not if your readers are distracted from your message by your word choices.

egads101 says

so the oracle entered 3.1415926535897932384626433832795028841971693993751058...

Pi. Something a math teacher might think of. The plot thickens...

Bob has returned to offer David Losh politer pearls of wisdom (at least for now).

133   waiting_for_the_fall   2013 Aug 27, 10:50am  

To answer the original question of this post: Is Roberto gone?
Why don't we ask the Oracle what the answer is.

I wonder what his oracular knowledge will deduce. What will it all add up to?

134   David Losh   2013 Aug 27, 11:22am  

Too bad, dead site, eaten by trolls.

135   waiting_for_the_fall   2013 Aug 27, 11:22am  

I have to admit, I like the Oracle better than Bob.

At least I won't have to hear about how great Phoenix is all the time. Or how much money Bob made (even though he didn't sell any homes recently), or how we are all nitwits because we didn't buy in Phoenix like he did, or how great his crapshack empire is.

Yeah, the Oracle's mystic pronunciations are definitely better than Bob's egotistical rants.

136   turtledove   2013 Aug 27, 11:28am  

waiting_for_the_fall says

I have to admit, I like the Oracle better than Bob.

At least I won't have to hear about how great Phoenix is all the time. Or how much money Bob made (even though he didn't sell any homes recently), or how we are all nitwits because we didn't buy in Phoenix like he did, or how great his crapshack empire is.

Yeah, the Oracle's mystic pronunciations are definitely better than Bob's egotistical rants.

Her Imperial Highness decrees this to be a good point.

137   Philistine   2013 Aug 27, 11:29am  

David Losh says

Too bad, dead site, eaten by trolls.

There is no good
And no bad

Except in perception
And real estate blogging

There is nothing that is dead
That is not also undead

Let the trolls feast
For tomorrow is

Another day
And as God is my

Witness, I'll never
Go hungry again.

Oh, bother, screw all this. Get me another bottle of cheap scotch.

138   CDon   2013 Aug 27, 11:47am  

RentingForHalfTheCost says

tatupu70 says



RentingForHalfTheCost says



Yes, and they are. Just wait until you are shocked by the sales that are


occurring today in both the new and existing homes.


No offense, but you've been preparing me to be shocked for quite some time now. And your track record for delivering the shock is zero. I think I'll continue believing that the appreciation will slow this year, but there will be no reversal.


That is exactly why you and many will be shocked. To the point you will rush to the nearest agent and sell your cozy shack for 40 cents on the dollar.

Shocked you say? Horrific? Strong words...extremely strong words... the type of words I (and most rational people) only apply to extremely rare circumstances (like maybe 2-3 times in a lifetime). But I digress..

Seeing as you use such strong words, all with an air of prescience, almost cocksure arrogance, tells us you are "in the know" on what next months CS data will look like.

Care to put that into a numerical value so all of us can see whether your "shocked" and "horrific" words ring true?

I ask because it seems like many here on patnet are (for lack of a better word) drama queens. They seem to expect the 2006-2008 price declines (the last time the data truly was horrific) will resume in earnest - whereas the rest of us see a slight rise/flat/slight decline data point as yet another ho hum nothingburger we have seen (circa 2009-2012).

Is this what you are expecting?

Alternatively, the other possibility is that you will not give us any numerical value to judge your "shocked" and "horrific" statements against, and then when the next CS number comes out (no matter what it may be) you will triumphantly declare victory to no one in particular.

Is this what you are expecting to do?

139   RentingForHalfTheCost   2013 Aug 27, 12:01pm  

CDon says

Shocked you say? Horrific? Strong words...extremely strong words... the type of words I (and most rational people) only apply to extremely rare circumstances (like maybe 2-3 times in a lifetime).

This is not even a 2-3 times in your life. This will be a 1!!! A horrific, shocking, beyond you wildest nightmare event. Like I said, a retrace of all the recent gains will be just the start. I predicted a war a long time ago that will kick this thing off like a wasp nest. Once we are all distract with yet another war, the value of your house will be the last thing on your mind.

140   RWSGFY   2013 Aug 27, 12:33pm  

Bigsby says

Bob has returned to offer David Losh politer pearls of wisdom (at least for now).

Anyone wants to bet on how long this polite version of Bob will last?

141   Bm05211983   2013 Aug 27, 1:51pm  

This is the dumbest fucking thread I have seen in my life and the person who started it is a complete idiot

142   B.A.C.A.H.   2013 Aug 27, 3:22pm  

Oracle,

Your posts are funny and entertaining and sometimes even educational.

Nobody on here seems to give a damn about your well being though.

Please don't reach for the scotch.

Please stop blogging/social networking.

143   RentingForHalfTheCost   2013 Aug 27, 3:35pm  

egads101 says

rentingwithhalfabrain

egads your a nitwit with a full brain that doesn't function. How was the overheated summer. Hope the AC worked all through the heat waves.

Oh, and before I forget. Your breath stinks.

144   RentingForHalfTheCost   2013 Aug 27, 11:52pm  

sbh says

But, as I said previously, you might be right in the very next moment

No might. Down this house of cards comes.

145   edvard2   2013 Aug 28, 1:22am  

Is Roberto gone? Why are there 200+ responses here? If he is, then so be it. Its his choice so be done with it and let it be.

146   B.A.C.A.H.   2013 Aug 28, 1:26am  

Apparently like the Phoenix, he's apparently reemerged.

147   lostand confused   2013 Aug 28, 1:34am  

B.A.C.A.H. says

Apparently like the Phoenix, he's apparently reemerged.

Reemerged as the oracle ! I wonder if the oracle will demand we give offerings for his pearls of wisdom!

148   elliemae   2013 Aug 28, 2:05am  

Bm05211983 says

This is the dumbest fucking thread I have seen in my life and the person who started it is a complete idiot

I thought it was all the drugs I did in the 70's catching up to me. Thanks, I needed that.

149   Tenpoundbass   2013 Aug 28, 2:49am  

Please don't talk about me when I'm gone
Oh honey, though our friendship ceases from now on
And listen, if you can't say anything real nice
It's better not to talk at all is my advice

We're parting, you go your way I'll go mine
It's best that we do
Here's a kiss I hope that this brings lots of luck to you
Oh makes no difference how I carry on
Remember, please don't talk about me when I'm gone

We're parting, you go your way I'll go mine
It's best that we do
Here's a kiss I hope that this brings lots of luck to you
Makes no difference how I carry on
Remember, please don't talk about me
Please don't talk about me
Please don't talk about me when I'm gone

150   RentingForHalfTheCost   2013 Aug 28, 3:36am  

lostand confused says

B.A.C.A.H. says

Apparently like the Phoenix, he's apparently reemerged.

Reemerged as the oracle ! I wonder if the oracle will demand we give offerings for his pearls of wisdom!

Oracle is a nitwit and a moron rolled into one.

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