patrick.net
An Antidote to Corporate Media
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lisalisa
@
2012 Jul 24, 10:45pm
I read posts from a lot of the same "readers" and I've come to a conclusion that you and others wear your "dick on your chin.
So many of you should pool your resources and:
Humble yourselves since your all so educated.
Call a truce.... or
Start another website so you can go brag about your dicks somewhere else.
xrpb11a
@
2012 Jul 24, 11:08pm
so...uh.....what's on your mind??
I read posts from a lot of the same "readers" and I've come to a conclusion that you and others wear your "dick on your chin.
So many of you should pool your resources and:
Humble yourselves since your all so educated.
Call a truce.... or
Start another website so you can go brag about your dicks somewhere else.
freak80
@
2012 Jul 24, 11:16pm
I don't understand how speculation on future price movements (of any asset) can become personal. It's speculation! Another word for guessing.
At least Wall Street traders place their bets on computer screens and take their wins/losses. It doesn't get personal.
Just use the ignore feature. The only "problem" with the ignore feature is that you can still see topics that they start and can also see their replies when someone else, whom you have not ignored, replies to them. Seriously great way to roll.
lisalisa
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2012 Jul 24, 11:33pm
thank you wthfrk80 for an interesting point.
as far as " xrpb11a " it's a saying from Gallagher... "if God was a female, you'd be born with your dick on your chin".
Any good (investor,handicapper,trader,speculator,horsetrader) knows that in order to find yourself on the right side of a trade, you need to be able to detach yourself from your emotions, and look at the pros and cons of BOTH sides.
Wether or not one agrees with the other is irrelevant, its what makes a market. Smart money usually tries to find itself on the opposite end of the crowded trade, so it is odd that some get so riled up at the remarks of those of you that are profiteering from landlording.
I appreciate the info, and am mulling over buying a 2 unit in my city after I refi my primary residence down to 3.25%, hopefully ill be able to get some good advice
freak80
@
2012 Jul 24, 11:59pm
Smart money usually tries to find itself on the opposite end of the crowded trade
Definitely.
Comments 1 - 10 of 53 Next » Last » Search these comments
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