patrick.net

I like a good discussion. I research facts to back up my opinions, and make the best decisions I can as an investor based on these facts. Discussions with others with differing opinions is the most valuable, because their insights give me other aspects to look at, and sharpen my analysis.

But lately, everything I post on patrick.net is immediately replied to with personal insults by a jealous idiot named dunross. I call him an idiot, because rather than actually debate anything with facts he merely misdirects with insults. I post copious facts backing up my beliefs, and would welcome an informed debate with anyone providing other facts to think about, but that isn't what i get, instead:
1. I don't know what supply and demand is.
2. I don't have any education, I'm just a realtard. (not with standing my graduate work in mathematics at U. C. Berkeley, or nearing 2 decades as a math professor)
3. I'm a liar.
4. all sources of reference are lies...

In 2005, when I began speculating that real estate would take a big dive, and selling my investment properties, I found this site, patrick.net. It was a great place to bounce ideas off of others, and try to think what would happen. I also wrote my ideas on zillow.com, and was continuously attacked by others (often with the same emotional immaturity as this nitwit dunross) that prices could not, would not fall. They were just as bitter, probably because deep inside, they knew they were screwed and had screwed up... Now, ironically, I get the same attacks from the other direction...

My analysis has been and continuous to be based on mathematical reasoning. You can find it here,though I no longer have the zillow account. It is fairly thorough, and treats price/rent, supply versus demand, job trends, etc. to balance out all the factors one should consider:

http://www.zillow.com/advice-thread/When-to-buy-a-home-for-the-thinkers-in-the-room/46686/

It even links to why buying in a dropping market is a big risk, which might be a surprise to those who try to paint me in the 'always buy' camp.

I'm sure that what dunross is, is an engineer. He thinks he is smarter than everyone else, believes he should be rewarded for his brilliance with a 100K home in san francisco with an ocean view, and it hasn't happened. So, his god has let him down, and he has to lash out. [ I worked in engineering for five years, Hughes aircraft, followed by grumman aircraft, so I know the type... ]

The thing is, his constant personal attacks, and carte blanche statements reduce the value of this site to visitors. Nobody knows the future, but that doesn't mean that thinking about it, particularly fact based analysis, doesn't have merit.

Patrick started this site with as simple but prescient notion: prices were too high compared to incomes and rents... but it has turned into a religious forum for anti housing zealots, and that isn't really worth much to anyone who is looking for a discussion or hoping to learn about the likely future of the market.

#housing