patrick.net

Bigsby says

Perhaps you need to reread my earlier post - you know, the one where I said he can post his prediction as well and then the two can be compared.

when he post a specific number, then so will i. until then, your lover is predicting much higher up, and i'm predicting down

Iwag says

look at this loser with his lies again. i bought in 1991, you know, back when your haircut was still in style?

i would gladly compare my housing gains to your housing gains anytime Roberto. all of your phoenix desert shacks compared to my single San Francisco victorian that i bought over 20 years ago. you really want to compare who timed what better asshole?

honestly the only punishment i really fear is ending up like Roberto Ribas. it keeps me up at night, and pushes me to do greater.

So why are you so vein-bustingly trolling this site then? A bit sad for someone who is seemingly in his 50s or older.

Bigsby says

So why are you so vein-bustingly trolling this site then? A bit sad for someone who is seemingly in his 50s or older.

if i didnt post, what would you do with your life? follow someone else?

Iwag says

Bigsby says

So why are you so vein-bustingly trolling this site then? A bit sad for someone who is seemingly in his 50s or older.

if i didnt post, what would you do with your life? follow someone else?

You've posted 85 comments and been on here for a few weeks...

And you still haven't put a number to your prediction... or explained why someone who is supposedly of your advanced years is behaving the way you are.

Bigsby says

You've posted 85 comments and been on here for a few weeks...

And you still haven't put a number to your prediction... or explained why someone who is supposedly of your advanced years is behaving the way you are.

are there other observations youve made about me bigby? are you in love yet?

Bigsby says

He would be wrong, and so would you.

but would you kick him out of bed for it?

Analyzer says

Pull the plug on QE and let's find out where the economy really stands.

Since nowadays "the economy" = "the stock market" + "the housing market", the "economy" would probably tank if the QE stopped. Our economy is "asset based," or so they say. It's not based on the creation of actual goods and services. It's about numbers getting bigger over time.

yeah its funny when you can be wrong over and over, and claim you got things right, all at the expense of your wifes life savings

Could it be that the 44% who oppose raising the debt ceiling are those who actually pay income taxes???

Can America just spend more than is take in indefinitely, without any consequences?

Bigsby says

Err, I haven't made any predictions about what might happen in 2014

thats right, you have no input except to be my tail and obsess over me

egads101 says

Not sure why you care so much about that guy, he seems to have made a great deal of money in real estate... you'd think on a housing blog, you'd want to learn from him, but whatev...

the oracle predicted the housing market would lull, or did you forget? prices will be higher in a year, but not at the torrid pace of last year.

that guy? that guy is you roberto!!! has the sun fried your brain in phoenix? CallItCrazy posted a screen shot that showed your roberto account and your egads account have the same exact ip address

why are you being a liar roberto?

also like i said, anytime you want to compare who made more money in real estate, i'd gladly put up just my one s.f victorian against your dozen desert shacks

you bought in 2009, 2010, 2011, and i bought in 1991. who do you think is really going to win that battle asshole? hahaha

Bigsby says

I've simply asked for your prediction for 2014

ive said prices will be down you liar, stop lying

you dont live in the u.s but claim to live in Monterey California? another liar in our midst

Iwag says

egads101 says

Not sure why you care so much about that guy, he seems to have made a great deal of money in real estate... you'd think on a housing blog, you'd want to learn from him, but whatev...

the oracle predicted the housing market would lull, or did you forget? prices will be higher in a year, but not at the torrid pace of last year.

that guy? that guy is you roberto!!! has the sun fried your brain in phoenix? CallItCrazy posted a screen shot that showed your roberto account and your egads account have the same exact ip address

why are you being a liar roberto?

also like i said, anytime you want to compare who made more money in real estate, i'd gladly put up just my one s.f victorian against your dozen desert shacks

you bought in 2009, 2010, 2011, and i bought in 1991. who do you think is really going to win that battle asshole? hahaha

You bought the Victorian you still live in when you were 21/22? That's quite impressive. Clearly, the intervening years haven't been kind to you if all you are now reduced to is trolling on a RE forum.

Iwag says

Bigsby says

I've simply asked for your prediction for 2014

ive said prices will be down you liar, stop lying

you dont live in the u.s but claim to live in Monterey California? another liar in our midst

You said prices would crater. And I don't live in the US. I do, however, own a home in Monterey. Do you see how that works?

And why do you post like a hyper-ventilating teenager rather than a 43 year-old? Your posts have a very familiar ring to them.

Bigsby says

You bought the Victorian you still live in when you were 21/22? That's quite impressive. Clearly, the intervening years haven't been kind to you if all you are now reduced to is trolling on a RE forum.

you liar i never said i bought when i was 21 asshole

also if i'm a troll and youre following my every post, what does that make you?

Bigsby says

And I don't live in the US. I do, however, own a home in Monterey. Do you see how that works?

that sounds like another made up lie

My prediction: Dumass buyers will continue to overpay for overpriced houses through 2014.
Hope I'm wrong.
It would be the first time.lol

Iwag says

Bigsby says

And I don't live in the US. I do, however, own a home in Monterey. Do you see how that works?

that sounds like another made up lie

A made up lie? I work in Kuwait. I own a home in Monterey. I've mentioned that a number of times over the years. Clearly, everything you post is just trolling bullshit so it matters not what you think.

Iwag says

Bigsby says

You bought the Victorian you still live in when you were 21/22? That's quite impressive. Clearly, the intervening years haven't been kind to you if all you are now reduced to is trolling on a RE forum.

you liar i never said i bought when i was 21 asshole

also if i'm a troll and youre following my every post, what does that make you?

You said you bought in 1991. Your age is stated as 43...

It makes me someone following this particular thread (rather than your every post) to kill a bit of time. What does it make you to be trolling a RE forum?

And you post exactly as Darrell and all his other personas used to... (though a little more sweary this time round). Are you enjoying being back?

Stop deluding yourselves. Yes, the housing market is irrational. Yes, this is a bubble, but YES, once this one pops they'll just make another.

It has to be abundantly clear that "they" really, really, really want housing just to go up, and they'll do anything to make that happen.

Buy now, or.... eh, if you haven't bought by now, you were priced out along time ago.

Call it Crazy,
Buy on flowing water where upstream owners have water rights,then you can sue them for not keeping their water out of your home when it floods.

Bigsby says

It makes me someone following this particular thread (rather than your every post) to kill a bit of time.

that's an outright lie, you're only in here because of me liar

In 1995 you competed against other buyers that wanted to live in the house.

In 2013, and forever forward, you will be competing with worldwide investors who will pay all-cash and intend to rent out forever.

The rest of the world has more money than you, and it will always be that way.

It IS different this time.

Foreign cash buyers will save us!

lol

6% interest rates coming

incomes down

come on you chindians help us out!

Call it Crazy says

HEY YOU says

Call it Crazy,

Buy on flowing water where upstream owners have water rights,then you can sue them for not keeping their water out of your home when it floods.

Man, you always have the answers!!!!

That reminds me of my favorite bumper sticker:"If your so Damn smart,why aren't you RICH." I took it as a personal attack.ROFLMAO

freak80 says

Cic,

The people who have the power to screw you aren't middle and upper-middle class folks with waterfront property.

They sure can be -in a democracy voters can be dangerous-middle class and upper class voters can vote for increased social security payments for themselves against the wishes of a minority of younger poorer voters.

Any one who has the power to enforce their will on you against yours is dangerous-the politically connected, the wealthy, mobs etc. There is no nobility in voting away someone's rights or money just because the people doing it aren't "elites" or in the "1%"

HEY YOU says

Call it Crazy,

Buy on flowing water where upstream owners have water rights,then you can sue them for not keeping their water out of your home when it floods.

That is the private market solution.

Say hey! This was in the Wall Street Journal on March 30, 1999:

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Monday, September 16, 2013 __ Level is 98.9

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes indeed, go here:
http://patrick.net/?p=1219038&c=999083#comment-999083

Since Congress already approves spending and taxation, a separate debt ceiling that has to be increased periodically creates unneeded uncertainty and will ultimately lead to negative financial outcomes.

If we raise it we're screwed down the line. If we don't raise it were screwed immediately. Congress will always act irresponsibly and kick the can down the road, won't they?

Debt is Bad

egads101 says

kashif313 says

If I buy a house in SoCal: $500,000 with 20% down, 30 year mortgage, 3.5% interest rate vs. 4.5% interest rate, the payment is $1,796.18 vs $2,026.74 or a difference of $230.56 per month. Yet you say mortgage rate increases are not relevant?

If you don't buy a home, and rents increase by 10% for the same type of home over the next say 3 years, a not unlikely scenario, well there goes your $200 a month issue with the mortgage.

I think 5 years from now, a hell of a lot of people are going to have seen enough rent increase, that they are going to look back at the mortgages they could have locked in for life today, last year, the year before, and seriously wonder what the hell was wrong with their thinking, and why they ever listed to the permabear idiots on this site.

Roberta, why did you have to change your screen name?

Just knowing refis are booked as mortgage income by a bank should be enough reason never to take a mortgage. The whole biz is bs. The article says rising mortgage rates are hurting their business, but it also must be really helping their business because who do you think gets all that interest! Are you fin stupid? Banks must be super excited during this period of high prices AND higher interest. Even if it only lasts a couple of months that's probably billions of dollars. It's great to be a bank. People don't even understand how you make money. I don't even understand it.

egads101 says

Well, maybe posters here are more knowledgeable than you? for the past years 65% of all loans have been REFINANCE LOANS.

as rates rise, refinance loans tank;

I agree with others here who think that sounds like a pretty big problem. Thus the layoffs and reduction of mortgage departments by the major banks. Party's over. For now. They might think of another way to throw a party.

We're just off the lowest mortgage rates in American history. 4.5% would have been the lowest mortgage rates in American history two ears ago. Affordability has taken a big hit yet is still better than any time since the index began prior to 2009. Our parents would have KILLED to have these conditions.

--------------------

I'm not certain what kind of rates or terms their mortgage was back in 1987, but I am fairly certain they purchased their first house for 43k. The same house today is valued right around 150k.

I would kill for housing to sell at a 70% discount today, no matter what the interest rates would be. And I'm fairly certain my parents wouldn't kill to trade for todays prices with low rates, instead of yesteryears conditions. But then again, we're all pretty damned smart.

Maybe its just you think your teabagger parents are a bunch of jackasses, so you figure, all around the world same song. Kind of like how you believe the rest of this country real estate should mimic the coastal california land of nonsense. That's just not reality

egads101 says

Losh

Losh has been correct all along.

You are living the dream of a Zillow backed price increase for property that isn't coming true.

Picking select areas of data then making claims it's the same for everyone isn't worth the time you spend.

You're done, and I'm still expanding.

My income is unlimited, and yours is at the whim of the Fed.

I think you and call it crazy are the match up.

Honest Abe says

Can America just spend more than is take in indefinitely, without any consequences?

Absolutely, dependant Americas will be gassed by the Chinese and the Russians after their government checks are cut off by the creditors.

Call it Crazy says

Don't even THINK about including me in his fantasy world....

You joined it by giving him troll bait.

Iwag says

that guy is you roberto!!!

uh oh, don't pull on the curtain, there may be more trolls hiding there.

AverageBear says

Really? Their financials say otherwise. Are you also considering their business OUTSIDE the US? This is where they will find very good growth moving forward.

Rising dividends are par for the course for an established company; increasing dividends are closely correlated with reduced growth.

WMT stock is $5 (~$74) more than it was in 1999 (~$69). That was almost 15 years ago and adjusted for inflation, it's worth far less. To be on par with the 1999 price, WMT needs to be over $95, or the other way around, the current price of $74 was $59 in 1999.

By comparison, COSTCO is trading almost 3x what it was in 1999 in raw dollars, and has almost doubled after adjustments for inflation, during the same ~15 year period (~$50 to $113.00). COSTCO has also greatly increased their dividend from about 7 cents in 2004 to 31 cents today, a rapid increase over a shorter period of time (COSTCO didn't pay regular dividends prior to 2004)