patrick.net

debyne says

Logan Mohtashami says

If you want an autograph just let me know where to send it buddy

Damn...blastfrompast got schooled.

Not really. The question wasn't are you a show off egomaniac? nor was the question does he look good in a suit? Rather, it was can he explain why he was so utterly, terribly, wrong in all of his articles claiming the housing market was not recovering. :

you wrote article after article negative to anyone considering buying a home, during the best years in history to buy a home. I was on here then, saw the debates.
Care to tell me what has happened to home prices since you wrote these beauties? (and another pic of you in a suit pretending to be a journalist doesn't count!)

http://loganmohtashami.com/2011/12/14/housing-emperor-exposed/
http://loganmohtashami.com/2011/04/http://loganmohtashami.com/2012/03/09/housing-zombies-last-stand/http://loganmohtashami.com/2012/04/02/housing-actions-speak-louder-than-words/

blastfrompast says

Not really. The question wasn't are you a show off egomaniac? nor was the question does he look good in a suit? Rather, it was can he explain why he was so utterly, terribly, wrong in all of his articles claiming the housing market was not recovering. :

Mr. Clumpus or Sebastian Klay, now using the Blastfromthepast

Let me give you a hint, sentence structures are like photographs so as soon as I saw the !!!, ??? I know its you Mr. Clumpus. You're the only person on the internet that does this.

Which I don't mind our conversation on CNBC, trust me, I always enjoys our chats.

Let's look at your thesis

blastfrompast says

you wrote article after article negative to anyone considering buying a home, during the best years in history to buy a home

Basically I said the demand curve was weak and will be weak

Thesis number #1

We simply don't have enough qualified home buyers in America once you X out the Cash home buyers to have a real recovery

We are in year 7 of the economic cycle, interest rates have been below 5% since early 2011

Lets look at the data again

#1 Purchase Applications

#2 Exiting home sales using the most recent data now down -11.3% adjusting to population compared to 2000
this with roughly an extra 1,000,000 homes bought with cash which means headline demand from mortgage buyers is basically near the recession low even in 2015

#3 New home sales, are down -50% adjusting to population going back to 1963. This is a 90% mortgage market too

So Mr. Clumpus, Sebastian Klay, or Blastfromthepast, whatever name you use.

Remember my core thesis stuck this entire cycle, no one else had this right but me and if prices is all your care about then you and are always talking about 2 different things.

As you said you're an investor for 35 years which puts you between age 57-65, correct? You do rehab projects like you said, which makes you a home flipper I imagine

All of this is fine and good but you're using 2 articles that actually makes my point today... Remember you don't believe in renting nation, or that the homeownership rate is a problem, To each their own sir

Math, Facts and Data matter, Mr. Clumpus I love your passion and fire, it's a good thing. Until we chat again, and new home sales are out tomorrow, I am sure I will see you as Sebastian Klay, tomorrow roughly 7:05 AM time pacific

Have a good evening Sir

Logan Mohtashami says

Mr. Clumpus or Sebastian Klay, now using the Blastfromthepast

Let me give you a hint, sentence structures are like photographs so as soon as I saw the !!!, ??? I know its you Mr. Clumpus. You're the only person on the internet that does this.

Which I don't mind our conversation on CNBC, trust me, I always enjoys our chats.

Wrong again! You sir, are indeed consistent! and always wrong!!!

Logan Mohtashami says

Basically I said the demand curve was weak and will be weak

Thesis number #1

We simply don't have enough qualified home buyers in America once you X out the Cash home buyers to have a real recovery

Weak demand. Hmmm, I seem to remember from my economics courses, weak demand causes a falling equilibrium price. How has that worked out these past 6 years?

In your own city, prices are up 50%. How is that possible with such weak demand?

In my town, they are up 100%.

Doesn't sound like weak demand to me!!!

carry on, post a few more graphs. We both know you are a silly boy mommy and daddy let work in their mortgage business!

blastfrompast says

Wrong again! You sir, are indeed consistent! and always wrong!!!

Evidence it's you Mr. Clumps, you have been doing this for 5 years and you're the only person who does this so I know it's you sir :-)

Sebastian Klay Logan Mohtashami • 2 days ago
You guys have ruined the programs with your fraud!!!.. GET IT!!!... The program is a solid one... You ruined it!!!... You are quite pathetic

blastfrompast says

Wrong again! You sir, are indeed consistent! and always wrong!!!

Oddly enough Sebastian Klay using the same exact sentence structure

I am not sure why you're hiding anymore, It's me , we have been doing this dance for 5 years now

blastfrompast says

Weak demand. Hmmm, I seem to remember from my economics courses, weak demand causes a falling equilibrium price. How has that worked out these past 6 years?

Under 6 months of Supply and you have pricing power for housing that is the model I have always used and hence the that is what happened in spring of 2012 even though total inventory was below 6 months, the start of the year in 2012 didn't

On another note under your own thesis you would be implying that the housing bubble was a great housing cycle because it was price, correct? Nothing else matters but price and that the price gains didn't need internal reading

blastfrompast says

We both know you are a silly boy mommy and daddy let work in their mortgage business!

One man in Arizona who uses that line every time with me?

Roberto? maybe is that you, can't be you, we had such a great chat last time we talked about when we thought the labor market was going to get tight, remember?

If it is you? How is family doing?

As always, nothing but love for you, it's been a fun 5 years

you seem to be 100% sure I am two different people…. Amazing!

blastfrompast says

you seem to be 100% sure I am two different people…. Amazing!

This is a good question

Mr. Clumpus or Roberto ... but as soon as you said Mommy and Daddy I knew it was Roberto

Which I don't know why you're hiding we had some good charts economic talk before you left.

Roberto Aribas is back! That is a blast from the past. How is Arizona? Still teaching and dating your students? Sometimes that is the easiest way to earn an A.

.... or get laid.