patrick.net

CDon says

SubOink says

Meanwhile rents have skyrocketed.
If I had paid attention to your kind I

would be royally f-ed now.

@SubOink - isn't this the anniversary of your purchase? If so, I hope you post that again. I kinda like seeing how much bearish pushback you get on each anniversary...almost as a barometer of where we are in the economic cycle.

LOL -yes it is. And I will post again...when we bought I assumed the market was going to stay flat and would have been comfortable with that but it friggin took off like a rocket from there. Bearish??? Are you kidding me?? Have you checked prices lately??

EDIT: Oh you mean bearish pushback from the perm bears? yes...LOL...

Iwag says

Look at this massive idiot, he is bragging about having a mortgage that he was able to "refinance"! lol

When your monthly payment drops $400.-/month for handing in some tax returns then ...yes, I find that pretty awesome! It sure beats a letter from a landlord raising your rent...lol

When your monthly payment drops $400.-/month for handing in some tax returns then ...yes, I find that pretty awesome! It sure beats a letter from a landlord raising your rent...lol

lol, yeah buddy, enjoy your 30 years of payments

Call it Crazy says

How the fuck are "high prices" a recovery? Would we call it a recovery if gas prices went to $5/gal? Would we call it a recovery if health care costs doubled?

A recovery is when the middle class can afford to buy houses again and have money left over to spend on other things.

We're still in the second Great Depression. Unemployment and underemployment are at historic highs not seen since the peak of this great depression and the prior one. A second bubble would be catastrophic to our economy. When it bursts, it would be far, far worse than the financial collapse of 2007 because of all the debt and the even higher concentration of wealth. Those too-big-to-fail banks are now even bigger than they were in 2007.

Rooting for higher housing prices because you already own a house is like rooting for nuclear war because you want to sell nuclear weapons.

APOCALYPSEFUCKisShostikovitch says

Can't we all be Nice?

Hey, define "Nice".

Dan8267 says

How the fuck are "high prices" a recovery? Would we call it a recovery if gas
prices went to $5/gal? Would we call it a recovery if health care costs
doubled?

If the wealthy are getting richer and Wall Street is flying high then is must be a 'recovery', what else would you call it? How many kids in this country are hungry?

Don't realtors have standards at all? I thought their licensing required mandatory attendance at courses designed to teach them how to get away with all manner of heinous crimes and deviant acts against nature?

If he can't get away with it, he shouldn't be in the game, loser.

Come on gold keep tanking................

Interesting reaction between yesterday and today. Seems some reality may be setting in.

Oh, there's no need to "dare" me to explain why this period we're in is in fact a housing bubble: All of the classic, well-defined ingredients are all there:

A: Large levels of speculation. As seen even now, a huge percentage of real estate in the Bay Area has and is still being bought up by investors and even investment firms and REITS.

B: Cheap money. The low interest rates that primed and started the last housing bubble have also done the same for the current housing bubble. The difference this time is that interest rates have been kept lower and longer than the last time.

C: A rapid and dramatic increase in prices. Like I said- the value of our house has supposedly gone up about 30% in one year. But just like the last bubble, wages have not gone up by an amount anywhere close to making this increase at all sustainable.

Those are the primary reasons. These are the classic causes of housing bubbles. Deny it all you want. We are in a housing bubble.

I was listening to a gold guy the other day he was saying that a driver on gold is going to be that now that the yuan is going up in value that the Chinese or going to do more of what they have always done which is buy gold.

tatupu70 says

Please post evidence that ANY of the donation pages were set up before the tragedy.

Look at this:
http://fellowshipoftheminds.com/2013/01/08/sandy-hook-ripdonation-webpages-created-before-the-massacre/

How do you explain that?

Iwag says

When your monthly payment drops $400.-/month for handing in some tax returns then ...yes, I find that pretty awesome! It sure beats a letter from a landlord raising your rent...lol

lol, yeah buddy, enjoy your 30 years of payments

Enjoy your lifelong rent increases...

tatupu70 says

debyne says

Here's an article showing how this "tragedy" was leveraged for monetary gain.

Did you read the article? It says nothing of the sort.

Please post evidence that ANY of the donation pages were set up before the tragedy.

Uuhh...did you read it?

"In Newtown, there was a significant amount of money collected within 30 days after the event,” said Department of Consumer Protection commissioner William Rubenstein.

"We've determined that there are at least 70 or so entities that we've identified that have collected about $21 million dollars or so,” said Rubenstein.

That's a red marked note too, which is particularly valueable

RentingForHalfTheCost says

Oh wait, by that time you will need to start worrying about rebuilding

Actually, by that time I will rent it to a sucker like yourself :)

AF says: "..participate in a hoax that requires them to repeat devastatingly cruel lies..."

Watch me work.
"Iraq has Weapons of Mass Destruction."
Hoaxing at it's best.

Cdon, about 70% of posters that were telling me how stupid is was to buy in 2011 have actually vanished from this forum (a strange way of admitting they were wrong)...or at least have taken on new screennames.

APOCALYPSEFUCKisShostikovitch says

peeping with a concealed camera

If that's a crime, then why isn't everyone at the NSA in jail?

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

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 Thursday, December 19, 2013 __ Level is 103.8

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

Sounds like your typical Realtor to me.

Enjoy your lifelong rent increases...

Umm I don't rent you ridiculous pea brain moron. I bought my house in the fucking 90's.

You want to compare price appreciation between my home in the Richmond in S.F to your shack that you scrapped your pennies together for so that you could be chained for 30 years?

I promise you it will make you look like an utter idiot, but you've already accomplished that quite nicely fuck face

Quigley says

I always believe everything the state sponsored media tell me. It would be unpatriotic to question the media organizations owned by our super wealthy rich and influenced by the NSA! What are you, debyne, some kind of anarchist?

You got me. I don't know why people question the JFK assassination or hidden motives for the US to enter WWII. I mean...Operation Northwoods was made up by conspiracy theorists, not gov't. Why do I even bother?

bgamall4 says

APOCALYPSEFUCKisShostikovitch says

How many of these REALTOR monsters are still at large? Why do we have to wait until they are convicted to get them off of the streets?

Because the law doesn't allow us to shoot them, Tony. :)

Shooting is too good for them. We should cut out their hearts with a spoon.

http://www.youtube.com/embed/MhfuuKiTcYQ

http://research.stlouisfed.org/fred2/graph/?g=qc7

blue is teh glod

red is diesel * 200

Investment vs speculation:

http://www.investopedia.com/ask/answers/09/difference-between-investing-speculating.asp

From that article:
"The main difference between speculating and investing is the amount of of risk undertaken in the trade."

So they are in fact very much one of the same. Thanks for proving my point. Indeed- investing is akin to speculating in that both take risks, and both are made via the assumption and hope of a profit to be had.

Wow: this is news to you?

I don't watch much cable, and I've known he was Gloria's son for years.

You need better news sources.

edvard2 says

From that article:

"The main difference between speculating and investing is the amount of of risk undertaken in the trade."

So they are in fact very much one of the same. Thanks for proving my point. Indeed- investing is akin to speculating in that both take risks, and both are made via the assumption and hope of a profit to be had.

If a first time homebuyer buys a condo would that be speculating?
Most real estate being held for a long time would be investing. Flippers could be counted as speculators.

HEY YOU says

AF says: "..participate in a hoax that requires them to repeat devastatingly cruel lies..."

Watch me work.

"Iraq has Weapons of Mass Destruction."

Hoaxing at it's best.

And the reason that WMD, Tillman, etc. have no bearing here?

The government was exposed in those cases, and by the MSM, at that.

Sandy Hook and Dealey Plaza are much, much harder to cover up than a friendly fire death in a remote Afghan foxhole. Maybe a gun nut really did kill those kids at Sandy Hook, and that Oswald was a pathetic loser who acted alone: neither assertion contradicts the known fact that the government lies.

If your spouse lies to you about where she was Saturday night, it does not constitute ironclad proof that she is a shape-shifting lizard person from Andromeda, or that we're living in the matrix: the latter conclusions require specific proof, beyond just the fact that your spouse has been known to lie.

People don't grieve every second of their lives. Could be a forced smile or a photo catching a transitioning emotion.
The best way of proving your point is to produce the kids. Where are they?

No sh*t Sherlock! It's been common knowledge, since he'd become a newscaster, that he was Gloria Vanderbilt's son and thus, Cornelius Vanderbilt's (great)*3 grandson for some time now.

And my wish is that all Trustafarians like him become scientists, since it's highly unlikely that anyone from the middle class will be going into the sciences from here forth.

Let me guess what comes next: since the government and the MSM have clearly been hiding Anderson's lineage from you, they're lying about everything else, too!

You're so busy steeping your mind in impossibly-sophisticated and ineffectual conspiracy theories that you don't open a damned newspaper or magazine. You don't have to follow Rense, Loose Change, or Alex Jones to keep up with the conspiracies, because they're all out in the open, on the front page of the New York Times, or in the business or society sections: who's married/related to whom, who gave money to who's political campaign, and who went to school with whom.

Here's another weird one: George W. Bush is the son - you're not gonna believe this! - of the man who was president before Clinton. And Obama went to an Ivy League school, same as many managers at Goldman Sachs!

If the government could lie to us about that, they're lying to us about everything, and the only conclusion is that everything is controlled by the Illuminati, who came to us via time machine from the future, and have replaced most humans with Zionist lizard people!

HydroCabron says

since the government and the MSM have clearly been hiding Anderson's lineage from you

You know, I wish that I were also a Vanderbilt (and that that the govt had hid it from me all these years), so that when I discover my Trust Fund, left by great grand-daddy Vandy (or Rockefeller), that I don't blow it automatically, on hookers and blow.

Now that I'm Rin Vandy, I can spend the rest of my life, doing scientific research pro bono, without ever having to draw a paycheck.

Homeboy says

Ah, you have opened my eyes with your brilliant and entirely self-consistent analysis of the GM bailout. It was good, except that it was bad. LOL.

Obviously you have difficulty analyzing complex problems. It seems the answer has to be right/wrong, or good/bad for you to understand.

In reality, most actions/decisions have some good aspects and some poor aspects. One hopes that the good outweighs the bad.

Understanding complexity is not inconsistent, it's just perhaps a higher level of understanding than you are capable.

sayonara gold

I think of the Obamaphone program as corporate welfare as well.

If it's any consolation to you, his lineage will die with him.

debyne says

tatupu70 says

Please post evidence that ANY of the donation pages were set up before the tragedy.

Look at this:

http://fellowshipoftheminds.com/2013/01/08/sandy-hook-ripdonation-webpages-created-before-the-massacre/

How do you explain that?

As is clearly stated on many sites, you can repurpose a facebook page with less than 200 likes. The original date remains the same.

houses are far “more expensive” today then from 2003-2007

http://research.stlouisfed.org/fred2/graph/?g=qcs

blue is mortgage rates, red is case shiller, 2005-1-1 = 100

So home prices are 10% under 2005 and interest rates are 25% lower*.

Furthermore, wages are 25% higher:

http://research.stlouisfed.org/fred2/graph/?g=qct

* actually in the 2005 period teaser-rates adjustable, interest-only and negative-am was being abused to substantially lower the effective interest rate of new mortgages so this is somewhat incorrect