patrick.net

egads101 says

Banks gave very stupid loans from 2001 - 2007.

Since then, they've been stupid the other way, denying loans that are quite safe.

tts says

We're probably going to continue to along a path similar to what Japan has experienced following its big bust in the late 80's since that is the path of least political resistance.

True.
I don’t see interest rising in near future. More likely will drop to 3.5-4% on 30y fix. Federal budget debt is not helping at all. Only a small percentage of people received rise in jobs. Most salaries are stagnating for years. Job creation is way, way bellow needs, keep employers in driving seats so they can terrorize and ride on workers as much as they can, with danger of being fired. 1% is not interested in opening new businesses, lack of incentives. They just look where to park the money or buy existing business.

The headline looked interesting, but the writer cites wikipedia, and here are two of his other articles

Obama Stop Arming Rebels Who Kill Christians Just to Further Zionism
I Have a Few Funny Arkansas Ozark Phrases You May Find Funny

I'd search for a more legit source before linking to this story.

HydroCabron says

ALL conspiracy theories about 9-11 are true!

ALL conspiracy theories are true! The internet says so.

We know. You are Argentinian.

Bigsby says

CrazyMan says

lol I don't.

You're right, I am wrong. We're all good here, citizen.

Just keep thinking everything is good. We're good (we're AWESOME).

AMERICA FUCK YEAH!!

No problem here.

I'm not American

Hey, you can't say anything bad about Cruz. He's a Hispanic, or Latino, or just a guy with a Spanish name. Affirmative action police siren. You are under arrest for the crime of discrimination, and general not PC behavior.

He could be part of the Yinon gang...

bgamall4 says

His wife is employed by Goldman Sachs!

You got it backwards.
His wife is employed by goldmans's sac....

APOCALYPSEFUCK is Comptroller says

bgamall4 says

Lol, I have a get out of jail card. His wife is employed by Goldman Sachs!

No wonder he's filled with wonder at is own righteousness and authority. Goldman Sachs sucks *his* cock.

Waitingtobuy says

Russia Today

RT is a hundred times more credible than any jew-owned news network.

it is no secret that the zionists control America and are the root cause of its destruction.

http://tomatobubble.com/id199.html

the main reason why China gets hated by the jew media is because China told the zionist bankers to go fuck themselves, the reason why China is financially sound and the U.S is NOT!

Hitler was VERY wise man.

bgamall4 says

Bigsby says

Why do you want to change the topic? You have posted up the same conspiracy 'theories' for years now.

Because you don't listen. You don't listen to the obvious. You don't listen to the firefighters who were witness to explosions in the towers prior to collapse. They were on the bottom floors. You don't listen that real Squibs were observed shooting out of the towers. So I change the subject to try to help you understand what went on.

YOU don't listen. You see things that don't exist, you imagine yourself an expert above actual experts, you accept ALL evidence of a conspiracy no matter how utterly ridiculous, and you discount ALL evidence that disproves your moronic beliefs. You have a screw loose. There doesn't seem to be a conspiracy that you don't believe.

bgamall4 says

Bigsby says

England is a pretty decent country

No it isn't. Just like Israel abuses the USA by miring us in the middle east, so to does the Square Mile abuse us by miring us in housing bubbles and credit crises.

Duh. Here we go again.

The Professor says

APOCALYPSEFUCK is Comptroller says

If they involve more than one person, you'll be able to read competing versions of it in book stores.

They are there. But the interwebs are cheaper.

I have read it all. Some say it was controlled demolition. Others say small yield nuclear devices or focused energy weapons. There is a very popular widely believed conspiracy theory that box cutter armed jihadis took down WTC7 with office fires. I even read that it was farting nuns.

I believe that I don't know how 9/11/2001 happened; but I don't believe the NIST or 9/11 commission reports.

Bollocks. You believe the buildings were brought down by controlled demolitions. That is the view that you constantly and repetitively post on here.

bgamall4 says

SoftShell says

I can back CrazyMan up on this one...

I heard Ziva confirm pre-9/11 knowledge on her farewell show.

Bigsby says

Nobody said they do nothing wrong. I asked you for proof of your assertion that Mossad or Aman knew about 9/11 in advance.

People are trying to read facts, not irrelevant BS. If you don't pare it back I will delete you.

Perhaps you could stop adding photos to my posts. Just a suggestion. And whilst you are at it, maybe you could add some actual facts to your posts rather than just conspiracy nonsense. You could start by trying to help out Crazyman seeing as he singularly failed to supply ANY actual evidence for his claims about Israel.

bgamall4 says

Bigsby says

you accept ALL evidence of a conspiracy

Yeah, Squibbs, White Smoke, Firefighters testimony, all those proofs that you say are not proofs. But then you post no proof.

Post no proof? I and others have responded to everything you post. You simply ignore facts. Random dust and debris being forced out of the building by downward pressure are squibs to you. Confused eye witness testimony by a couple of firefighters at a location unconnected to the point of collapse is absolute proof to you. And 'white smoke' is, well what the fuck is that laughable bit of 'proof' that you are now peddling? You don't deal in facts. You deal in conspiracy nonsense.

bgamall4 says

Bigsby says

Duh. Here we go again.

Thatcherism resulted directly in our housing bubble and I can prove it.

I thought you Americans were strong on personal responsibility. Obviously not in your case.

bgamall4 says

egads101 says

care to name ANOTHER time in history when 1000's of people were told an earth shattering secret and managed to keep it?

If Israel Shahak had not interpreted the Yinon Plan into English, the strategy of regime change could have been kept a secret.

You must be having a laugh. Everything you post comes across as parody.

bgamall4 says

bgamall4 says

egads101 says

care to name ANOTHER time in history when 1000's of people were told an earth shattering secret and managed to keep it?

If Israel Shahak had not interpreted the Yinon Plan into English, the strategy of regime change could have been kept a secret.

One more point, not all the Council on Foreign Relations believes in continual war which is a hallmark of Yinon Zionism. That is a good sign. Many in the US, including the generals, are not keen on invading Iran, believing it is a bad idea.

You don't say. Remarkable insight.

bgamall4 says

Bigsby says

I thought you Americans were strong on personal responsibility. Obviously not in your case.

It is the job of the underwriter to tell you how much house you can afford. But when securitization came along, the underwriters left the building. Tell you what Bigs, don't go to a doctor and exercise your personal responsibility to diagnose your next big disease.

Ah, I see. You can post that comment but I'm not allowed to respond in kind without you deleting my post. That must be why you start all these conspiracy threads and pay your little premium.

egads101 says

Job creation has been low for the past 3 years. Why did housing prices rise if they require better job creation?

Lending standards were loosened, not to levels seen during the bubble but quite a bit still. The big difference was on allowed DTI's and down payment which was lower than what was normal before I'd say 2000 or so. Basically most everything was a 20% down/30 yr loan with a DTI of ~33% + a decent credit score. These days 5-10% down on a 30 yr loan with a DTI of 40% + lousy credit score is the norm. 2nd's are still not unheard of either.

Also the govt./Fed pushing and keeping rates artificially low has an effect too. If rates were to rise to the approximate historical average of ~5% it'd probably be terrible for the housing market.

egads101 says

Supply and demand are "overly simplified"?...so care to explain why they don't give information about the market today, when in your own post, you say they've worked since ww2?

I did in that same post which you later try to hand wave away with a "blah blah blah".

Since you don't appear to have understood what I said or read the links I posted here is the short(er) version and answer to your questions: supply and demand matter but so do the amount of money and cost of living of your average American. The income your average American has access to has been going down while the cost of living has been going up. That is the continuing long term trend and there is nothing you can point to reasonably and say, "this will fix that problem". Therefore housing prices will be suppressed for some time to come.

Now they've already loosened lending standards quite a bit, too much IMO, and if they try to do that any further they'll have a bubble on their hands and they know it. So you're probably not going to see lending get much looser so there can be no "fix" from that angle either.

egads101 says

lending standards were extremely tight for the past 3 years.

Compared to the bubble years sure. Compared to the years prior to 2000 no. Since you're not posting any evidence to the contrary and just continue to essentially say "nuh uh" the point still stands.

egads101 says

IF home prices were too high for americans, today, supply would rise, and demand would fall.

If supply and demand were the sole drivers of housing prices in the US than we wouldn't have had the bubble. Nor any of the other booms and busts of the prior decades too. Supply and demand are not the only factors at play here. Posting statements of denial + overt insults when I haven't even been slightly insulting to you will not convince anyone of anything either BTW.

egads101 says

I've posted copious graphs and information above...Your response is basically "salaries aren't going up, and home prices can't increase, unless salaries are going up... except for the past 3 years when home prices increased like hell while salaries weren't going up" wow!

You've posted lots of data that is in of itself good and reasonably accurate but you're also ignoring other information too.

You're not looking at the whole picture in other words.

Home prices have been responding to the banks/govt. efforts to reinflate the housing market by having a echo boom but now those efforts are falling flat. They'd have to continue loosening lending standards or find a way to reduce rates further to keep the boom going.

He kicked our veterans out of the WWII Memorial, then shot and killed them.

Invade Iraq first.

Plan the occupation at some future point.

APOCALYPSEFUCK is Comptroller says

It's the fact that his *wife*, the insane cannibal vegan Amazon, cooked them on a hibachi on the Capitol mall and ate them.

It's amazing how much meat you can shotgun while wearing a burqa. And did you see Oprah devour that fat dude's head?! Didn't even use two hands!

The video feed was pretty cool, though. I learned a lot of Islamic prayers in Swahili.

HydroCabron says

He kicked our veterans out of the WWII Memorial, then shot and killed
them.

So does that make Obama a veteran then?

I agree, its the ferengi first lady

The intense concentration of pure snark in this thread should be bottled and sold as a bracing aftershave that repels the opposite sex.
At 1/10th dilution, of course. We wouldn't want to cause any nasty chemical burns.

APOCALYPSEFUCK is Comptroller says

It's true, Minister of Islamofascist Hate and Rage Oprah has more than
doubled in size since the Kenyan Interloper has seized America, now that she has
had unlimited supplies of veterans and white babies to cannibalize with her
lesbian lover, the genocidal Amazon, satan's own sous chef, the diabolical
Michelle.

She's come a long way since being a pointless mouthpiece for all things nobody gives a shit about, while giving away freebies from big corporations. Was her audience listening to her babble because it was prophetic, or because they had to to get to the time of the freebies?

But she did make "Dr." Phil famous, so there's that. She's still obese and irrelevant but nobody cares or pays attention now, because there's no freebies.

Obama isn't letting the financial industry commit crimes for no reason. It is part of a plan to destroy America.

He wants to communicate to the masses that it is OK to commit crime. Soon attorney generals will be calling serial killers to negotiate civil penalties.

But his ultimate goal is to bring down capitalism by showing what a sham it is.

Dunnross is my financial advisor.

I wanted to come back in and apologize to Bigsby. I certainly didn't mean to insult you like that.

I type things I generally don't mean after I've been drinking a lot :)

I still think there's some fishy shit WRT 9/11 (really fishy shit) but insulting you wasn't on the list of things to do.

Sorry.

Mark D says

Hitler was VERY wise man.

Yowza, that's some seriously stupid shit.

I think there's much more than meets the eye, but come on, this statement is insane.

Mark D says

RT is a hundred times more credible than any jew-owned news network.

it is no secret that the zionists control America and are the root cause of its destruction.

http://tomatobubble.com/id199.html

the main reason why China gets hated by the jew media is because China told the zionist bankers to go fuck themselves, the reason why China is financially sound and the U.S is NOT!

Hitler was VERY wise man.

Bgamall4, please police your thread in the correct way. It's gotten out of hand and it's a personal attack, which is against the rules. (I'm tempted though to let him continue. Sunlight is the best disinfectant.)

By allowing this idiot to spout anti-Semitic attacks, you are as guilty as him. (And no, you don't get a pass because your natural father was Jewish. It doesn't immunize you, so don't try and pass it off like it does, which allows you to make the same type of ridiculous comments.)

bgamall4 says

Jewish owned media does control America, and that is a danger to US autonomy. Israel does not wholly control the US government or we would have invaded Iran by now.

I see now that you are two birds of a feather.

And the worst part is, you're wrong about the Israelis and Mossad wanting a war:
http://www.youtube.com/embed/3QbKwLEfSo8

Oh, I'm not anti-semite in the least, but the Israelis are seriously insane. They want to control that entire region and they are hell bent on achieving it.

Israel is a terrorist nation, no doubt. Backed whole hardheadedly by the good ol US of A, another terrorist nation (our greatest generation, which includes my father, roll over in their graves on a regular basis).

Let's face it. That entire region is full of of insane, religiously fooled (and fueled) idiots hell bent on killing each other.

They are all protagonists to progression. Idiots, the lot of them.

Why can't those evil jews leave those peace loving arabs alone.

CrazyMan says

I wanted to come back in and apologize to Bigsby. I certainly didn't mean to insult you like that.

I type things I generally don't mean after I've been drinking a lot :)

I still think there's some fishy shit WRT 9/11 (really fishy shit) but insulting you wasn't on the list of things to do.

Sorry.

That's good of you, but there's no need - I'm not easily offended. Mind, I'm pretty easily irritated.

bgamall4 says

Bigsby says

Post no proof? I and others have responded to everything you post. You simply ignore facts. Random dust and debris being forced out of the building by downward pressure are squibs to you.

They aren't random silly. Bigs you are pathetic.

I said 'random dust and debris.' And the 'puffs' are random in the sense that they weren't caused by explosives if that helps you - all the videos you keep posting up clearly demonstrate that. You were the one who posted up a video of the collapse of one of the towers and who tried to make the argument that the out-venting of debris caused by the downward pressure of the collapse was in fact squibs going off - after the bloody collapse was already well underway. Utterly laughable, not to mention pathetic. Post that video up again if you like, so everyone can once again marvel at what 'truthers' take as evidence.

egads101 says

Bigsby says

Post that video up again if you like, so everyone can once again marvel at what 'truthers' take as evidence.

I am amazed at your patience to continue this quixotic task: trying to talk sense to mentally ill people, suffering from conspiracy syndrome.

I have too much free time in Kuwait. Mind, it is clearly a pointless endeavor.

I'm not a perma-bear, RE is just becoming less and less affordable for me, I owned for 8 years, sold in 2010 because I can rent for half the cost of just the property taxes I was paying. The house payment was only $125 more than my tax payment. After 8 years of watching the place fall apart, it was either fix it up, and pay more taxes, or give up on a losing proposition. I was able to sell it for 105k, but the taxers said it was worth 150k.

But, wow, 100%, somebody is making out here, doubled in 2.5 years, looks like the money train is back, still as the article states, just back in 2011 investors were scooping them up for half what was owed on them, so why that local market crashed so hard and recovered so well remains to be seen, certainly enough, investors, flippers, and low interest rates had to have something to do with it.

All these figures prove is that I'm an absolute GENIUS.

Assholes overpay & other Assholes can't stand to be underbid so they are willing to pay more.

Great use of debt & cash. One day I hope to become financially inept.

egads101 says

I was completely wrong

Sure, I'll bite at that.

First, I'm not redacting anything I said, I still think the banks did release the undesirable properties with high hoa, etc. And I'm still bear leaning and enjoy the occasional paranoia fests on this site from time to time.

But, I think people should admit when they are/were wrong and I was wrong. To date, I did not see that all of these actions by the Fed, by the government, by investors, etc, might actually work and prop up the housing market. That these actions were leading to somewhere.

Bottom line, had I thought that way, I could have had a chance at another 100k.