patrick.net

FortWayne says

Capitalism doesn't need saving, it needs less government intervention into it.

Agree. We need less regulation, especially in the financial sector. And we all know that the profit motive will clean up pollution and keep workers safe, all by itself.

FortWayne says

Capitalism doesn't need saving, it needs less government intervention into it.

That's such a bland, meaningless statement. Virtually every single Republican blankly says that same crap and then goes on and grows the gubbermint even bigger. Sorry folks, but government has been "big" since it was formed. Its called "Government"

Number one rule of political grandstanding: don't close the national parks.

Chart in this article, http://blog.sfgate.com/ontheblock/2013/10/01/not-our-first-boom-san-francisco-home-values-travel-a-familiar-loop/, implies rally to last another four years.

Funny to see bulls gloating over a year of gains.

Case-Shiller is from Shiller, the guy who says real RE prices don't change over the long term?

hanera says

implies rally to last another four years.

4 years, and then what? An other disastrous crash?
Can you even see the totally futile nature of what you are saying?

Heraclitusstudent says

Can you even see the totally futile nature of what you are saying?

can happen... that is the nature of corrections. When we saw prices fall in early 90s .. no one asking about home prices "recovering"... they did recover correctly back to the long term....

Heraclitusstudent says

the guy who says real RE prices don't change over the long term?

seems some have forgotten what prices were for decades before year 2000.

thomaswong.1986 says

seems some have forgotten what prices were for decades before year 2000.

Other than realtors and guys like you, buyers don't have the data that far back. Most buyers based their decision on realtors who show comparative study over six months only. That's how I bought my first house, data blind.

thomaswong.1986 says

can happen... that is the nature of corrections. When we saw prices fall in early 90s .. no one asking about home prices "recovering"... they did recover correctly back to the long term....

90's to now is still medium term.
It says nothing about what will happen 4 years from now.

FortWayne says

Capitalism doesn't need saving, it needs less government intervention into it.

Yeah, that worked well for the global economic melt down we had.

Hey bro,

Mish poached your post:

http://globaleconomicanalysis.blogspot.com/2013/10/dnc-is-broke-good-news-or-bad.html

Call it Crazy says

Blurtman
says

Hey bro,

Mish poached your post:

http://globaleconomicanalysis.blogspot.com/2013/10/dnc-is-broke-good-news-or-bad.html

Mish is always late to the party....

No, just a typical right wing hump that tries to capitalize on someone else's ideas or success.

Have you read what Mush posts, it's always from some other source with his bend of moronic libertopian BS added to it. For the life of me, I can't believe that anybody would entrust him with more than 5 bucks. His ideology makes him irrational, which leads to irrational decisions.

Then again, all he does is repost articles all day.

RentingForHalfTheCost says

Famous last words. We are doomed to repeat the same mistakes over and over. Greed will never change.

yes, but it will take the events of 2000-2006 to pass out of living memory for the same mistakes to be made again.

Nobody even knows why California is a non-recourse state -- but in fact this law was prompted by the predatory lending of the 1920s and its fallout in the 1930s.

upisdown says

Then again, all he does is repost articles all day.

He strikes me as a considerable hypocrite. Always bitching about lazy union members, when he is constantly ripping off other people's material.

Blurtman says

He strikes me as a considerable hypocrite

That's a given. I always wondered why or how, that he would not be punished by the lack of business by throwing out his extremist and warped ideaology, or at the minimum limiting his potential customer base to the cranks and kooks that find his mutterings gospel. THAT'S why I wouldn't EVER let him control a dime of our money. Never. Ever.

But apparently the cranks and kooks make for a good mark for a grifter that can relate to them.

Aren't those same condos factored into your $/sqft as well? Given smaller places tend to cost more per square foot aren't those same condo's likely skewing your graph upward as they are Smaulgld's downward?

Mish is a well known crank. I tuned out his noise with the "ignore" feature a long time ago.

I guess I should donate to the DNC after all!

Bellingham Bill says

yes, but it will take the events of 2000-2006 to pass out of living memory for the same mistakes to be made again.

No it won't.

freak80 says

Of course the DNC is broke.

Billionaires know which party best represents their interests. Hint: it's not the DNC.

count the number of Billionaires at this table with Obama...i wonder how the ones in NYC and
LA/Hollywood looked like...

http://kellblog.com/2011/02/19/seating-chart-for-president-obamas-silicon-valley-tech-titans-dinner/

Blurtman says

Hey bro,

Mish poached your post:

http://globaleconomicanalysis.blogspot.com/2013/10/dnc-is-broke-good-news-or-bad.html

some say there is another word for it.. "Going Viral"

Call it Crazy says

Bigsby says

You've been shown to have been consistently wrong. Clearly your ego can't allow you to admit that.

Is that why you have 12 people ignoring YOU??

Perhaps you should ask Daryl and his many alter egos that question.

I would go to Gitmo to fight the sale of the Lincoln Bedroom to Marxist donors, and the defilement of the White House Travel Office.

When you think about it, it strange. In a way those radical republicans are the ultimate true patriots.

They are willing to commit political suicide, to save us from the evil Obamacare.

If they were selfish, they would just let Obamacare roll out, and then later the high cost, and the death panels and the total obliteration of America's AWESOME health care as we know it would ensure their political dominance for decades.

But instead they are willing to forgo having everyone find out how bad Obamacare is, because they are true patriots that are only in public service to help America.

Oh Really!?

Can I rent your time machine?

Boehner: "This is part of a larger pattern: the president's scorched-Earth policy of refusing to negotiate in (a) bipartisan way on his health care law, current government funding or the debt limit."

The amazing thing is that all the dimbulbs will believe that !

The republicans say we'll blow up the government if we don't get our demands. And then when it happens, "it's the democrats fault for not being willing to negotiate."

There's a lot of talk of "right" and "wrong." Some seem to think being right for a year or two is being "right." Good luck to you.

What does Nate Silvers say?

Well while we're NOT over looking polls...

Senate Majority Leader Harry Reid, D-Nev., is the most unpopular of the top four Democratic and Republican leaders in Congress, according to a Gallup poll that suggests the American people might support them more if they got along better.

Just 33 percent of voters approve of Reid's performance, compared with 53 percent of Gallup survey respondents who disapprove, which amounts to a net approval rating of -20. House Speaker John Boehner, R-Ohio, fares only slightly better; his 37/54 percent favorable/unfavorable numbers give him a net rating of -17.

Senate Minority Leader Mitch McConnell, R-Ky., and House Minority Leader Nancy Pelosi, D-Calif., both have a net approval rating of -12. McConnell's approval rating (35 percent) is lower than Pelosi's (39 percent), but Pelosi's disapproval rating (51 percent) comes in higher than McConnell's (47 percent).

Gallup reported Monday that, heading into a congressional debate about defunding Obamacare or shutting down the government, 53 percent of Americans polled support compromise, compared to 25 percent who say its "more important [for legislators] to stick to their principles."

Maybe Jesse Ventura is right on some things, the government is controlled by a 2 party system that can stifle attempts for alternate parties to succeed. He called them gangs that are fueled mainly by bribery..........at this point I cannot disagree with this.

Call it Crazy says

Bigsby says

Call it Crazy says

Bigsby says

You've been shown to have been consistently wrong. Clearly your ego can't allow you to admit that.

Is that why you have 12 people ignoring YOU??

Perhaps you should ask Daryl and his many alter egos that question.

What does Daryl have to do with anything, We were referring to YOU and YOUR fans!!

Daryl was a massive troll with multiple (and I mean multiple) accounts. I got into (one of many) arguments with him about a year and half ago. On that one day, my ignore number went from zero to twelve and Daryl made a great deal of noise about it - it was pretty obvious he was the one doing all or most of the ignoring using his accounts. That is what it has to do with.

Everything is negotiable.

And that's not new, our rights have been negotiable for quite some time... especially where NSA is concerned. So if rights are negotiable, laws are negotiable too.

APOCALYPSEFUCK is Comptroller says

Wow, what assholes. Housing valuations have never ever fallen. Everyone knows that.

Right on, everybody needs an empire fortress from which they can fire their mounted gatling guns at starving neo-nazis!

egads101 says

meanwhile some seem to think being wrong for 2 or 3 years is still right!

Yeah, there does seem to be some of that. I don't know why people insist on making predictions about a certain year.

I just won't buy a house where I live unless the cost becomes a much smaller portion of what I make. Over 30 years, I'm convinced I'll be way ahead of the "leveraged."

egads101 says

Well, then the dems should also refuse to raise the debt ceiling until:

1. gay marriage is legal everywhere.

2. pot is legal

3. amnesty for the dreamers (illegals brought here as children, who go to college)

etc.

why the F not? if you repub a holes can threaten the economy if they don't get what they want, why not the dems, who control the senate and the presidency? They should have twice the right to play this way!

Dems are trying very hard to raise debt ceiling, I don't think they will ever oppose an idea of more spending. And I don't think they care much for pot or gays either... that's just a few weirdos who are into homosexuality in the bay area.

FortWayne says

Dems are trying very hard to raise debt ceiling, I don't think they will ever oppose an idea of more spending

Increasing the debt ceiling does causes exactly ZERO new spending to occur.

tatupu70 says

FortWayne says

Dems are trying very hard to raise debt ceiling, I don't think they will ever oppose an idea of more spending

Increasing the debt ceiling does causes exactly ZERO new spending to occur.

No, it allows government to spend us into debt slavery. If I give you a credit card and let you max it ... you'll max it out. And if I give you an increase in spending, you'll max that out too. It's common sense.

FortWayne says

Everything is negotiable.

And that's not new, our rights have been negotiable for quite some time... especially where NSA is concerned. So if rights are negotiable, laws are negotiable too.

Sure, but if you want the other side to give up a law they sincerely believe is very important, indeed necessary; a law fought they for against long odds, and frankly paid a large price in political capitol to get enacted, then you'd better have something VERY LARGE to offer in return. I don't know what that would be...a return to Eisenhower tax rates? It would have to be HUGE. Saying that you won't burn down the whole Government for one year, after which you will extort something else, is not offering anything in return.

What is our present condition? We have just carried an election on principles fairly stated to the people. Now we are told in advance, the government shall be broken up, unless we surrender to those we have beaten, before we take the offices. In this they are either attempting to play upon us, or they are in dead earnest. Either way, if we surrender, it is the end of us, and of the government. They will repeat the experiment upon us ad libitum.
-Abraham Lincoln, 1861

FortWayne says

No, it allows government to spend us into debt slavery. If I give you a credit card and let you max it ... you'll max it out

I have a credit card and I never max it out.

If you want to stop spending--put forth a budget with less spending.

I figure a lot of people have had a chance to cash-out on their house with this recent jump in prices coming so close to the last jump. That has shaken out a lot of activity. Now people will settle-in to their houses and stay put. So prices will steady for a few years.

Or is there always a group waiting to cash out? The investors will cash-out in force at some point. They seem to just move all over any market they involve.