patrick.net

MolotovCocktail says

AD says

The problem is your exageration got too extreme this time to try to say the Florida panhandle (which is best place on Earth) has a lot of shit condos, or the rest of Florida does.

At no point did I ever say it was a bad place. You know there's white trash and some ghetto blacks. That's not debatable. I can't unsee what I've seen. I'm not trashing FL, it's what I've personally seen. Have you even been to IL? You keep throwing that back. And what part, Chicago. Land wise that's not even 5% of the state.

Stupid GIF's and images are retarded FYI. Have an actual thought or point what ever your user name is today. That wasn't directed at you AD.

WookieMan says

I'm not claiming to be an expert, but I know more than anyone..

WookieMan says

Stupid GIF's and images are retarded FYI. Have an actual thought or point what ever your user name is today. That wasn't directed at you AD.

WookieMan says

That wasn't directed at you AD.

When it comes to Florida especially the best place on Earth (Florida panhandle) , you talk out of both sides of your mouth and then try to backwalk after your comments about white trash and ghetto condos.

That is all I'm bringing up. Yes I've been to Chicago like near Northwestern University (I am a UM Ann Arbor alum but visited Northwestern Univ) and the Bnai Brith temple area at north side or suburbs of Chicago. I've been downtown like Shedd Aquarium.

Yeah my roots are Florida pandle, aka LA as in Lower Alabama, but I've lived all over like Ann Arbor, Cocoa Beach, Washington DC metro (Columbia MD and Alexandria and Mannassas), Roosevelt Rds Puerto Rico, Chalottesville Virginia, etc

I was trying to be funny with that photo of me in that meme. Trying to lighten the mood a little. Roll Tide.

.

AD says

When it comes to everythingFlorida especially the best place on Earth (Florida panhandle) , you talk out of both sides of your mouth and then try to backwalk after your comments about it allwhite trash and ghetto condos.

There, fixed it for you.

Yikes. The Santa Cruz market going down? Sacrilege.

AD says

When it comes to Florida especially the best place on Earth (Florida panhandle) , you talk out of both sides of your mouth and then try to backwalk after your comments about white trash and ghetto condos.

I call out what I see. I've said in various threads that the Panhandle has the best sand I've seen. I've had amazing times there. I haven't traveled in the Eastern hemisphere but the Panhandle hands down has the best sand in the US and it's not even close. Better than anything in the Caribbean, Mexico or Central America which I've been to most of.

I also have had experience with one of my parents rentals at the time in the Panhandle. Meth heads. White trash. Took $15k to fix the place back up after they were evicted. Milton, FL. You get near or North of I-10 it's a different area.

Sheriffs police the tourist areas tighter and so do the local cops. These are lived experience I witnessed in FL. I'm not talking shit, just what I've seen over a relatively large sample size.

Put it this way, since about 12 years old this is the longest I've stayed in IL without leaving. Building a house so we cut back on the travel. I've seen a lot and the most time I spent in another place was Navarre, FL. 2 years plus some.

Also Northwestern is not in Chicago which you mention. Evanston. Shedd Aquarium is just a tourist trap. Basically not the real Chicago. I've personally experienced both sides of the Panhandle. Can't be talking out of both sides of my mouth if I witnessed it.

Also I could trash a ton of other places. I'm not trashing the Panhandle, just noting what I've personally seen over at least 2 years. I come from the north, usually flying now, but used to drive. Maybe you don't doesn't see that part often? I'd love to trash Galveston, TX, NOLA, NYC and other cities. The Panhandle is awesome. Every place has it's flaws is all. I've witnessed what I talk about though, so not talking out my ass is the point.

SunnyvaleCA says

MolotovCocktail says
AD says

$300,000 a year as a senior engineer in Silicon Valley

FYI, I was a Staff Engineer in SV before going into mgmt. Never made $300k/yr. And wages have fallen since then.

I never made that much in salary, but people lie/boast significantly about their income.

Sir: listen to the techies who live and work in Silicon Valley. I never made it to principal engineer but one rung below that has different "titles" depending on the organization. Exceeded your 300k a few (maybe more than a few) years but that was from the RSUs, not the salaries. I've known engineers who counted those unvested RSUs (yes, the mortgage lenders will consider them) before they hatched, and so borrowed/spent big for stupid shit like over priced houses and status symbol cars, then the stock price went down, and stayed down, for a long time. Those were some stressed out folks. The RSU is more like a bonus that cannot be counted on. Tell that to the Hipsters.

But! 300k/yr is low for a couple (married or whatever) of two engineers from the basic salary. Just ask anyone out here. For a time, one of my kids in mid 20's was one of those such engineers living with me, so we had three in our modest 1100 sq ft sh*tbox in a neighborhood mainly of folks working in the trades. Living like that and working like that is how folks can build capital and retire early without a pension.

WookieMan says

There's 100% ghetto condos in the panhandle.

AD says

yeah, keep talking smack about my home Florida panhandle

Sticks and stones, bro. You (and him) trash my home state but I don't care what yours and his trash talk says about it. We are content here and if the situation gets unbearable we can always leave, - we don't care what others think it's none of their business anyway and good for them for their choices. (Please note that the sponsor of this thread on this blog is one of us, also of his choosing).
Besides he's an expert on everything, apparently also life in California (a quite diverse state) because he knows a few people, and aviation because he got a private pilot license, HeadSet says He said he has a drone license and everything else too. Just have some comedic relief fun reading the ridiculousness of what he shares on here and don't take it personally.

edited with HeadSet's input a couple of comments below. Thank you, HeadSet. He said he got some hours so I wrongly assumed he had the lowest flying license. I didn't even know there's such a thing as drone license but it makes sense that those are regulated. Silly me.

B.A.C.A.H. says

Exceeded your 300k a few (maybe more than a few) years but that was from the RSUs, not the salaries.

Exactly. Salaries only matter since RSUs can be worthless.

B.A.C.A.H. says

But! 300k/yr is low for a couple (married or whatever) of two engineers from the basic salary.

Now you have to gimmick it by having two engineer married couples. Majority of couples aren't like that.

B.A.C.A.H. says

and aviation because he got a private pilot license,

He said he has a drone license. There are several pilots on Patnet, though.

California still adds up to 13 percent on top of the fed 20 percent on 'appreciation'.

https://www.cnbc.com/2025/07/17/homebuilders-slash-prices-at-the-highest-rate-in-3-years.html

Homebuilders are slashing prices at the highest rate in 3 years

https://www.reddit.com/r/FirstTimeHomeBuyer/comments/1m07gu7/just_sold_my_house_lost_about_100k_for_it/
Just sold my house. Lost about 100k for it.

zzyzzx says

https://www.cnbc.com/2025/07/17/homebuilders-slash-prices-at-the-highest-rate-in-3-years.html

Homebuilders are slashing prices at the highest rate in 3 years

zzyzzx says

https://www.reddit.com/r/FirstTimeHomeBuyer/comments/1m07gu7/just_sold_my_house_lost_about_100k_for_it/
Just sold my house. Lost about 100k for it.

But, BUT...https://patrick.net/post/1383080/2025-01-03-housing-prices-will-not-go-down?start=113

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration

zzyzzx says

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration

Yes. Mainly coastal areas and cities. Because of the number of homes that will drag down the national number. 12 new homes in the last 12 months in my town that only has 800 homes. By the end of next year it will be 56 of the remaining lots with new houses.

Cities are dying because of leftist policies. It makes everything look worse than it actually is. The people that can afford to own are moving out. It's the service workers that work in the business district, airport, transit, etc that stay. Non-tourist or business areas turn into shit hole neighborhoods.

From your article:


Work from home has changed a lot of things. Nothing bad, but have a legal proceeding currently. My attorney can zoom into court dates. Times have changed where you have to live. An attorney for example can work in a 100 miles radius and live out in the country and rarely have to visit the courthouse. Lower cost of living and housing. If you're coastal you can still be 2 hours from the beach if you want and live for 1/2 the cost.

If I need to occasionally go to Chicago I can move 50-70 miles out and live for 75% less and in a bigger and nicer house.

zzyzzx says

https://www.cnbc.com/2025/07/17/homebuilders-slash-prices-at-the-highest-rate-in-3-years.html

Homebuilders are slashing prices at the highest rate in 3 years

Prices between New Construction and 20-30 Used Houses are very close over here in Central East Florida.

Homeloaners are deluded; once you factor in the incentives, it's crazy to be used.

There’s something to be said about location too. The patch of ground the property is on is going to matter a lot potentially. A new house on less desirable location will be needing discounts relative to a “used house in good repair” on a desirable location.

zzyzzx says

https://www.realtor.com/news/trends/delistings-home-seller-june-trends-report/

Delistings Surge Nearly 50% as Sellers Who Can’t Get Their Price Quit the Market in Frustration

WookieMan says

Yes. Mainly coastal areas and cities.

Look everyone! Wookie STILL keeps pushing his 'coastal areas' bullshit despite hard evidence proving otherwise. But hey! He's a R/E 'expert' on PatNet!

Half the country is now 'coastal areas' it seems.





https://www.newsweek.com/map-shows-home-values-dropping-half-country-housing-market-shifts-2074904

His state...the State of Dumfuq, IL is one of the few not on that map. And get this: It is technically a defacto coastal state!

MolotovCocktail says

Look everyone! Wookie STILL keeps pushing his 'coastal areas' bullshit despite hard evidence proving otherwise. But hey! He's a R/E 'expert' on PatNet!

Half the country is now 'coastal areas' it seems

Cities dumb ass. Chicago prices are up so not sure where you people get your maps. And most those cities are coastal. Denver over built. Phoenix overbuilt. Montana overbuilt in Missoula and Bozeman. Minneapolis city folks fleeing. Vegas fleeing. SLC UT fleeing. St. Louis, Kansas City, Oklahoma city all fleeing. One city in a state doesn't mean housing prices are going down everywhere. You map proves that though

~15 of the states have direct coastal access.

This is from your article.... lol.

According to Zillow, monthly home values dropped in 27 out of the 50 states this year. While Florida, Colorado, Washington, D.C., California and Washington state experienced the greatest value declines from March to April, the data could foreshadow a larger housing market shift.

Also people close in the summer. These numbers mean shit. You get under contract in the spring and close 45-60 days out. None of these numbers matter until they're reported in October.

You talk a lot of shit. Give me any experience you have in real estate. I'll wait....

WookieMan says

You talk a lot of shit.

I am not talking anything. The data is.

In California, sales volume increased, however
June's statewide median home price was $899,560, down 0.1 percent from May and down 0.1 percent from $900,720 in June 2024.
...
June home sales activity rose 4.0 percent from the 254,190 homes sold in May and was down 0.3 percent from a year ago, when 264,960 homes were sold on an annualized basis. June's rebound reversed three consecutive months of sales declines and was only one of two months of sales increases for the first half of 2025. The year-over-year decline marked the third straight decrease and was the first time since late 2023 that annual sales fell for three consecutive months. Year-to-date sales were barely above a year ago and could fall behind last year's level in July if market activity remains stagnant.
...
California's median home price fell for the second straight month in June, slipping below the $900,000 mark for the first time in three months. The June median price of $899,560 was down 0.1 percent from May and also down 0.1 percent from $900,720 in June 2024. June's 0.1 percent decline was not in line with the historical average gain of 0.8 percent, suggesting non-seasonal factors such as market uncertainty and elevated mortgage rates had a negative lingering effect on housing demand and home prices.

EBGuy says

suggesting non-seasonal factors such as market uncertainty and elevated mortgage rates had a negative lingering effect on housing demand and home prices.

No. It's deluded home sellers thinking they can ask for prices 60% or more of American home buyers can't afford.

MolotovCocktail says

And get this: It is technically a coastal state!

Lake Michigan looks like a fucking sea, man!

Eric Holder says

Lake Michigan looks like a fucking sea, man!

St Lawrence Seaway means I can ship cargo from the Port of LA to Port of Chicago by sea. So, yes. It's coastal.

MolotovCocktail says

Eric Holder says

Lake Michigan looks like a fucking sea, man!

St Lawrence Seaway means I can ship cargo from the Port of LA to Port of Chicago by sea. So, yes. It's coastal.

You guys do know oceans and seas are different than lakes? Rivers? Ponds? I mean some idiot must have come up with Lake Michigan and Lake Superior as an example...

https://www.vocabulary.com/dictionary/coastal#:~:text=The%20coast%20is%20the%20land,or%20relating%20to%20a%20coast

This is elementary school stuff. Also a sea or ocean has salinity. Lake Michigan is a fresh water lake with a shoreline. Never thought I'd see something so stupid. Good day.

WookieMan says

You guys do know oceans and seas are different than lakes? Rivers? Ponds? I mean some idiot must have come up with Lake Michigan and Lake Superior as an example...

Explain how a ship.can go from LA to Chicago w/o leaving the water then?

Also, learn what de facto means:

MolotovCocktail says

His state...the State of Dumfuq, IL is one of the few not on that map. And get this: It is technically a defacto coastal state!

MolotovCocktail says

And get this: It is technically a defacto coastal state!

It's shoreline. Not coastal. It's a lake. Defacto means shit. It's lake shoreline.

WookieMan says

Defacto means shit. It's lake shoreline.

Defacto means you fucked up.

Shore refers to both sea and lakes, too. Another fuck up of yours.



Of course, all this is just you avoiding you are wrong. The RE Expert is WRONG.

MolotovCocktail says

WookieMan says

Defacto means shit. It's lake shoreline.

Defacto means you fucked up.

Shore refers to both sea and lakes, too. Another fuck up of yours.



Of course, all this is just you avoiding you are wrong. The RE Expert is WRONG.

Still no source (link) or data for that map. "according to zillow" is not a source. Link or it's bull shit. Zillow doesn't account for off market sales which is probably 5% in most location.

Enjoy renting though. I enjoyed getting $200k this year tax free.

WookieMan says

Enjoy renting though. I enjoyed getting $200k this year tax free.

Who sez I rent? More bullshit from you.

$200k? Even more bullshit from you. (And who cares?)

Neither of those attempts by you to compensate for...certain shortcomings...proves any of your bullshit posted here.



WookieMan says

Still no source (link) or data for that map. "according to zillow" is not a source. Link or it's bull shit. Zillow doesn't account for off market sales which is probably 5% in most location.

Link was already provided. But you don't have your shit together so...

Nope. You repost your own images and links. Repost it. I never saw it.

WookieMan says

You repost your own images and links. Repost it. I never saw it.

Sorry. You said, "Still no source (link) or data for that map". Which was a lie. Go back and R-E-A-D.

MolotovCocktail says

St Lawrence Seaway means I can ship cargo from the Port of LA to Port of Chicago by sea. So, yes. It's coastal.

From the "Lake Michigan Coast"? That sounds ridiculous and you know it.

Iron ore gets shipped from Duluth (Minnesota) to worldwide destinations. Coal is loaded on the Ohio River on its way to China or whatever. Grain along the Mississippi. Are all those states "Coastal" States also?

In your fruitless effort to win an argument on The World's Expert on Everything, you're starting to sound as ridiculous and over the top as he is. Or maybe the two of you are just sparring in jest for comedic relief.

B.A.C.A.H. says

From the "Lake Michigan Coast"? That sounds ridiculous and you know it.

Nope. B.A.C.A.H. says

Iron ore gets shipped from Duluth (Minnesota) to worldwide destinations. Coal is loaded on the Ohio River on its way to China or whatever. Grain along the Mississippi. Are all those states "Coastal" States also?

According to Wookie, yes. Because their house prices are dropping.

orange slice is asset inflation.