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House Buyer Strike: Do not participate in a rigged market
invite response
2011 Nov 20, 8:57am 48,291 views 109 comments
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zzyzzx
2011 Dec 23, 7:11am
What happens when more than half of the housing in the US is rental?
Wasn't that the case in the US for quite some time before a certain year? I mean, I'm pretty sure that was the case before (1940, or something) and so figuring out what would happen should be possible by learning history.
Patrick
2011 Dec 27, 3:48am
When people look at prices in 1990’s thru 2000’s they should realize that the prices should double every ten years.
That cannot be true. That would be a compound rate of 7.2%, which is way higher than the Case Shiller compound rate of 3.5% over the last 20 years (which includes the bubble of course).
Also, prices are still falling in richer neighborhoods. So don't count on any appreciation at all in the next decade.
I don't think people should bid for houses at all. I think a lot of it is a scam and I think it drives prices up artificially. It is bad for the consumer.
I agree. It's not even good for the seller if they're upgrading. They'll lose more on their next house than they gain on the smaller one they're selling, when the same scam is played on them.
The blind-bidding scam is good for people who are downsizing, or selling for the last time though. And it's good for banks and realtors.
Bap33
2011 Dec 27, 4:07am
all I have to say is "I told you so" to all of the RE-pukes that were all over my butt in 2004-05-06-07 when I was put my opinion on PatNet that there would be a reset to 1999 prices, with a REDUCTION for repairs, and an INCREASE of 1% per year (Merced County rate). So far, I'm pretty close.
Also, the sales numbers were pumped up in the post burst time --- lets not forget how many of the sales since 07 are already going into forclosure #2 (again, Merced County). Most homes sold at the still-too-high amount relied on USDA 0% down, or some other buyer assistance program (me included - due to repairs needed).
THe REgang has rigged this thing in their favor. It sucks. So far, in my uneducated little mind, I see the first step being the end of the NAR/RE gang. THere is no logical reason for an RE agent to exist. They have made themselves needed out of thin air. F that, no more REgangsters needed. We don't use an agent to buy anything else. Car, food, clothes, .. no agent, no extra fees, no bull crap.
Here's one to make you all barf -
http://money.cnn.com/video/pf/2011/12/21/pf_ate_real_estate_outlook_2012.cnnmoney/
Both parties are screwing the people.
The people are screwing themselves.
Sorry but I disagree and refuse to believe that. If that's really true, you and this website won't even be here.
Here's one to make you all barf -
http://money.cnn.com/video/pf/2011/12/21/pf_ate_real_estate_outlook_2012.cnnmoney/
If you're committed to doing whatever it takes to maintain your income and increase it every year until you die, now's a great time to buy a home!
"Cheap prices" Tell that to my income!
Why are you bumping threads from YEARS ago?
I think it is important to look back and learn from past mistakes. I used to post bullshit like this on another blog which is now gone unfortunately. I consider this my kharmic penance.
Patrick
2015 Aug 29, 1:33pm
Are you looking to turn this back into a housing forum?
I want it to be a forum for anything anyone wants to say.
Well, anything except for these:
threats
child porn
spam
copyright violations
personally identifying information
I'll not boycott housing. I willing to purchase shacks at 10% of listing price.
Some of the childish comments seem like ignorance porn.
Do these fall under child porn?
« First « Previous Comments 98 - 109 of 109 Search these comments
To protest government debt-mongering and the resulting enslavement of the 99% to employers and to banks, not to mention the giant Fannie/Freddie/FHA hole the federal budget, let us declare a general house buyer strike.
Let us not buy any house until the government eliminates all subsidies and guarantees for mortgage loans. This means the complete elimination of the FHA, Fannie, Freddie, and any other program that subsidizes or guarantees mortgage debt, including the purchases of mortgage-backed bonds by the Federal Reserve.
Congress and President Obama's hiking of the jumbo loan limit to $729,000 today is a sneak attack on your financial freedom. Their evil goal is to get you to sign away your whole working life for the benefit of the 1%.
Buying with cash won't help. You would then be bidding your hard-earned money against someone who is enslaving themselves with huge loans subsidized by and guaranteed by taxpayers -- taxpayers like you yourself!
If buyers all band together nationally and refuse to buy, then we will all win with much lower house prices when these programs are eliminated.
Sellers who want to move upscale would also win, because they'd get a bigger discount on their next house than they would lose on their current house.
Anyone got a catchy slogan?
Any graphic designers want to make some compelling posters for free distribution?
#housing