patrick.net

Can I get a picture of you smiling please, lips open.

xenogear3 says

They are more likely kids live in a basement, and trolling.

Yup, my thoughts exactly. That is the price we have to pay since they put a browser on the game consoles.

They are probably calculating their wealth with the same advance math skills that makes them buy a house today. Similar to GroupOn trying to say the full price of the coupon is their revenue. So, they are worth 1.5 million based on the Zillow estimates, but the reality is they have 800K of houses with 1.2 million of mortgages. They don't know this until they are forced to sell to pay back the parents. Then depression sets in, and thoughts of going back to school, and the whole cycle starts again, just this time they are much older.

I don't think there is any conspiracy or mystery going on here- not on this forum. Its simply the same ole' crap that's been going on and on in bubble forums for years:

1: People who have their financial futures tied to real estate, and in many cases probably bet the farm on it entirely and therefore have a vested interest in seeing it do well. In that case naturally they are going to have either a conscious or subconscious desire to promote its success.

2: Those who have not bought a house yet and therefor have an equally compelling reason to see housing prices and its success fail and do so in perhaps spectacular fashion. Its obviously advantageous to broadcast doom and gloom.

In the end its all about psychology. Real estate is ALL about psychology, from the happy, swinging pending and sold signs, to the reports of massive foreclosures in the headlines. From the investors who trust physical assets more than non-physical assets, like gold and houses versus stocks and bonds, to renters and future home buyers who try to get their houses in good school districts.

Neither side in the end really gets exactly what they want. Bubbles always pop, prices never fall forever, and the economy never goes up or down forever. Homes don't necessarily make good investments and stocks can fluctuate all over the place.

Lastly- I don't think you could pay me to live in Phoenix.

This site has no purpose anymore other than ranting.

Roberto- I would like to respond to your comment on the unemployement numbers. Even though they might 'do a phone survey' of who is looking for work and who is out of work, the fact that unemployment is now 99 weeks vs used to be 6 months will have a major impact on that survey.

For example: If I am lucky enought to laid off I'm not even going to start looking for work until week 98 rolls around. Probably a large part of the unemployed are the same but if you called me in a survey I would lie and say 'im looking for work' in reeality im looking for an awsome job which would have to be better than collecting 1800 a month to watch Oprah and eat bon bons. Sooooo unemployment #'s are now distorted to the high side by how much I dont know.

robertoaribas says

apologize for calling me a liar.

I'm sorry if you are a liar. ;) There are programs that can help.

Roberto -- it's pointless, no one takes those trolls seriously anyway. You and I both know what we're seeing here in Phoenix -- and you and I have both done our research ; ) That's all it comes down to. Let the trolls trollolol until the end of time.

PockyClipsNow says

If I am lucky enought to laid off I'm not even going to start looking for work until week 98 rolls around.

Well, most people aren't as lucky as you who can find a job in 1 week. And most can't live off of unemployment alone so they would be eating into their savings every month they "eat bon bons and watch Oprah".

So that post is completely ridiculous.

NO my post is not ridiculous. Even if you wait 1 year to actually look for work (they give you 2 years of checks) then that is a huge skewed number.
Especially since as you say most people are broke, that means the lower your pay the more of your 'missing pay' the UE checks cover its capped at what 1800 a month? so if thats your salary before you are laid off and you get basically very close to it to sit ass on couch - who the hell would find a job asap?

The liberals like to imagine every single person on unemployment is honets and starving and spending all day looking for work - the truths is probably only half of them do. but impossible to quantify.

Philistine says

An accurate number would be difficult to gauge, but to answer your rhetorical question: it's their own damn fault if they don't do the leg work to be informed.

Yeah, so that's my point. How does that work out for all of us? I think you've described the way many think about many situations. It just doesn't seem helpful in getting us toward a more peaceful world. That's what I want. If that's not what you want, then I get it. Bring on the cannibal anarchy.

I'm a pretty smart person, if I choose to just go find people dumber than me and trick them into giving me money, that seems to be okay with most people. I don't get that. Although, while that might be a working strategy for getting money, I doubt how well it works in contributing toward peace of mind.