patrick.net

I spoke with a realtor in a fortress today, and she said the sellers are starting to take notice. She expects (perhaps hopes) the inventory to increase dramatically this summer/fall.

rootvg says

wthrfrk80 says

Who is filled with hate? I don't understand.

That's the first thing these people want to have you learn when you move here. Anyone who doesn't agree with the politically correct social agenda or who has standards is a hater. Anyone who wakes up on Sunday morning and goes to Mass is a hater. Anyone who voted for Prop 8 in California is a hater.

I don't buy it. I never did and I never will. If they want to be chronic rebels, that's fine. It's stupid and childish and counter productive but it's their business...until they make it MY business or until they start corrupting our institutions (which they're dying to do, that's part of the whole rebellion thing) or system of public education.

Is corrupting the system of public education the part where you want to teach the Bible in school? Again, I still don't have your answer on dinosaurs co-existing with humans. I'd just like to know where you're coming from (since you seem so free to express views on everything else).

People, it's EXTREMELY simple. There is only one question you need to ask yourself to answer the "should I buy now" question. Here it is:

Do you believe that the recession is over and the economy will grow from here?

If you answer yes, then you should buy a house as employment and wages will grow from here and house prices will stabilize and rise.

If you answer no, if you think the recession is not over and that the economy could falter from here then you should NOT buy a house. As someone up-thread mentioned, banks are being more picky today so potential borrowers must have real income in order to get a loan. If employment and wages drop from here then house prices WILL fall as people won't have the money to buy them.

grywlfbg says

People, it's EXTREMELY simple. There is only one question you need to ask yourself to answer the "should I buy now" question. Here it is:

Do you believe that the recession is over and the economy will grow from here?

I don't think it is quite that cut and dried, but it sounds logical.

grywlfbg says

People, it's EXTREMELY simple. There is only one question you need to ask yourself to answer the "should I buy now" question. Here it is:

Do you believe that the recession is over and the economy will grow from here?

If you answer yes, then you should buy a house as employment and wages will grow from here and house prices will stabilize and rise.

If you answer no, if you think the recession is not over and that the economy could falter from here then you should NOT buy a house. As someone up-thread mentioned, banks are being more picky today so potential borrowers must have real income in order to get a loan. If employment and wages drop from here then house prices WILL fall as people won't have the money to buy them.

Great summary. In the end, this is really what it all comes down to. There is a lot of information out there, and it can be twisted many ways to meet someone's preferred perception. It is up to individuals to make the call for themselves. As with all things, you might be right, and you might be wrong!

I think that it is clear that the NAr thinks that the economy is going to weaken. They already lobbied to keep 3.5% down FHA loan limit at $730k for much of the Bay Area. At present, they are working to lower the down payment requirements for the other conforming loan products out there. If they thought that people were going to be MORE able to qualify for loans, they wouldn't be pushing for lower standards, yet again.

bmwman91 says

I think that it is clear that the NAr thinks that the economy is going to weaken. They already lobbied to keep 3.5% down FHA loan limit at $730k for much of the Bay Area. At present, they are working to lower the down payment requirements for the other conforming loan products out there. If they thought that people were going to be MORE able to qualify for loans, they wouldn't be pushing for lower standards, yet again.

They want transactions. They don't care too much about anything else.* That is what is behind there lobbying.

*Of course, all of us who own property hope it goes up in value and the NAR is filled with home owners/real estate investors.

BTW, the recession is over and has been for quite some time. The question greywolf should have asked is "do you think the economy will continue to improve or will we have another recession?".

rowemoore says

required watching by some here:

Interesting. I have no respect for law as it is. Simply for this reason alone. It has nothing behind it except for for the people by the people. How do you codify that into law. A thug with a gun? You can't stop people from having sex. I say wipe ever single "law" off the books that has to do with sexual behavior. You can't enforce it. It makes no sense to have them. The guy there isn't the subject. It's his parents. He probably dosen't like being the subject of everyones attention. Whats he going to do after all.

Sodom. The bible story is so whole cloth you have no idea. The Hebrews had their own rules. I guess. That story was re-written. The original story had to do with the people of the Steppes not the plains. Stealing everything they should not. Abraham sent his friend to see about it. Then the earthquake happened. People died in high numbers. There was no angel. No gays. Just some hole in the wall types saying pal give us everything you got.

Can you imagine gays coming to your door and wanting to rape someone? Give me a GD break. I have been to the second largest theologial library in the world (so they say). The real story or the original is much different than the one they put together that didn't fit with their stealing and pacifism.

The bible makes gays a target with some very well put stories that were removed replacing them as the transgressors or culprits. There were a few not a thousand quotes. But the other whole cloth writtings you might as add them back into all of them. Nothing proves God now more than someones sex life after all the bullshit. That book the original could care less about outsiders and deals with the Hebrews and not much else.

You can try to change someones sexual habits, anyones not just gays. Your never going to do it. That proven psychology. You would have to "erase" someone. Thats about the only way. Why those findings on psycological studies on sexual habits the permanence of ones sexual behavior aren't widely published. I don't understand. Then again I do it fuels christianty like a locomotive. Really its a kind of racism. Like hating blacks or the current popular theme hating muslims. You can always find those extra circular themes written into Christianty at any given point in time. Thus proving this: A man even in Christianty is a man and very capable of preditory behavior.

DukeLaw says

rootvg says

So, when the opportunity came to move here we accepted it. We made it work even if the politics don't always fit us but we're also not going to deviate from the value set we acquired so many years ago in a place that's far away. Two and two are still four. If someone asks you a question, you look them in the eye and you answer it. Don't buy things you can't afford. God made Adam for Eve, not for Steve...and there's not a damn thing anyone can do about it.

Hmmm, 2+2=4 but in your world did dinosaurs co-exist with humans? Seriously, I'd like to know.

I'm not here to talk about dinosaurs. You're not going to lead me along some path and mind fog me or get me to say something stupid or that doesn't make sense. You'll have to do better than that.

I told you, I've been doing this for a very long time.

rowemoore says

grywlfbg says

People, it's EXTREMELY simple. There is only one question you need to ask yourself to answer the "should I buy now" question. Here it is:

Do you believe that the recession is over and the economy will grow from here?

I don't think it is quite that cut and dried, but it sounds logical.

It'll grow after the next recession, which is right around the corner. We're gonna have a double dip, just as the British are having right now.

It's the early eighties all over again, just as I've been predicting for two years.

I understand Doug Schoen and Pat Caddell said their party is going to be decades cleaning up its image after the apparent crash and burn of this administration. I thought people here said Obama was getting a second term?

(snicker)

1sfrenter says

rootvg, would you care if lesbians moved in next door or is it just gay men you have a problem with?

I don't have a problem with either scenario on its face but I don't like it when homosexuals want to raise children on the premise that homosexual "marriage" is normal when anyone with any common sense or semblance of a traditional value set knows it isn't.

Did you know the only reason homosexuality was no longer categorized as deviant in DSM III was because of threats of multiple lawsuits against the APA? It had nothing to do with science. It was all about politics and money and creeping political correctness, even in 1973.

Even with the passage of Prop 8 in California (which fifty percent of Evangelical blacks in LA County supported, that's why it passed), the lefties simply found a queer judge in San Francisco who was near retirement. This is how these people operate. There is no rule of law. It's a mob and there are certain ways to deal with a mob. We haven't gotten to that point yet. You'd better hope that we don't.

rowemoore says

I spoke with a realtor in a fortress today, and she said the sellers are starting to take notice. She expects (perhaps hopes) the inventory to increase dramatically this summer/fall.

It's already happening. I saw many more for sale signs coming home this evening than I saw at the same time last week.

Helloeeze says

rootvg, unfortunately you are outnumbered in California

Fortunately, rootvg is outnumbered in the US.

Getting a little back on track with the original post. Take a look at 144 Justin circle alameda 94502 as an example. On market for 6 months, sells at $460/sqft, nothing fancy/updated at all.

$460 a sqft is easily about 20% over comps. I know it's one example but I sure get the feeling of people screaming, buy now or it's too late!!!!!

Which means it's a bad time to buy. Looks like another year to wait and see.

rootvg says

rowemoore says

I spoke with a realtor in a fortress today, and she said the sellers are starting to take notice. She expects (perhaps hopes) the inventory to increase dramatically this summer/fall.

It's already happening. I saw many more for sale signs coming home this evening than I saw at the same time last week.

Funny thing happens when people run out of money. Shit happens. You can only live off your savings for so long. Patience is the game for buyers and all realtors know it. They won't admit it, but they sure as hell know it.

Helloeeze says

rootvg, unfortunately you are outnumbered in California. That's why I don't bother to vote if I'm not voting Democratic for president. It's pointless. Of course, it's important to note that California is totally fiscally screwed. That's what 50 years of bad thinking will get you. Yet, we had all the wonderful natural resources here in California. We were blessed with so much. It's a shame.

My theory is, California has been so wealthy for so long that people here simply assume they're entitled to the bounty of this place. It's the same way in France and their political culture is very similar to California's.

rootvg says

The realtor for the people who sold our house to us said if there's a deal where the other side is Chinese, she'll simply not get involved. They can't be trusted. ... you object, they throw some politically correct bullshit in your face and call you a racist.

so basically, this realtor doesn't like being called racist because she won't deal with Chinese people? Does this seem funny to anyone else?
How can a realtor who refuses to deal with Chinese people be successful in the Bay Area? That's a lot of the market.

SiO2 says

rootvg says

The realtor for the people who sold our house to us said if there's a deal where the other side is Chinese, she'll simply not get involved. They can't be trusted. ... you object, they throw some politically correct bullshit in your face and call you a racist.

so basically, this realtor doesn't like being called racist because she won't deal with Chinese people? Does this seem funny to anyone else?

How can a realtor who refuses to deal with Chinese people be successful in the Bay Area? That's a lot of the market.

I don't think she gives a shit what you call her. She's been in the business for so long that I don't think it would affect her either way.