patrick.net

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

Interesting (maybe useless facts): the total amount of gold ever produced is approximately the volume of a cube 82 feet on each side.
The total amount of platinum ever produced would fit into a cube approximately 20 feet on each side.

The value of gold produced in any one year is about what the US government spent to launch it's GPS satellites. The volume of all gold produced in any one year (worldwide) would be a cube approximately 14 feet on each side.

RentingForHalfTheCost says

SubOink says

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.

Since 2011 your downpayment alone would have netted you a nice chunk of money in the stock market. If you were smart then even more than the run up in your sugar shack.

What makes you think I don't have money in the stock market? LOL

But speaking of it - those gains would have been massively reduced by the high rent I would have to pay because my family needs a place to live.

RentingForHalfTheCost says

I only chose the best landlords with the highest credit score and track record.

That would exactly be me :)

Iwag says

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

Why are so angry? Something tells me you are not as well of as you claim to be. So you bought your house in the 90's - GOOD FOR YOU. So...whats the problem?

Maybe he can sell his prison mates properties while he is serving his time.

jvolstad says

Maybe he can sell his prison mates properties while he is serving his time.

That's right, real estate transactions are becoming one of the vehicles of choice for money laundering.

Jail may be the best thing that ever happened to him.

Bigsby says

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.

So all of these donation sites were all just coincidentally created for some other completely different purpose barely within a day or two before the event and then repurposed?? Really?

debyne says

So all of these donation sites were all just coincidentally created for some other completely different purpose barely within a day or two before the event and then repurposed?? Really?

All these? A couple of people create facebook pages that nobody looks at and then decide to repurpose them to commemorate a terrible event. But of course, that to you is impossible. To you, it is far more likely that Sandy Hook was a hoax, that the family and friends of all those killed are lying about what happened (along with the literally thousands of other people directly involved). I think I should be the one saying 'REALLY?'

bgamall4 says

debyne says

So all of these donation sites were all just coincidentally created for some other completely different purpose barely within a day or two before the event and then repurposed?? Really?

Thanks for thinking of this as I was thinking the same thing. But I see you beat me to it!

Good grief. What exactly were you thinking? That you would post up your ridiculous and offensive beliefs about Sandy Hook so you could peddle more of your 9/11 bollocks, or that it is strange that a couple of people changed their brand new unvisited facebook pages to commemorate a terrible event. Hmm, would you like me to tell you which one I think is stranger?

bgamall4 says

Bigsby says

A couple of people create facebook pages that nobody looks at and then decide to repurpose them to commemorate a terrible event.

But just a few days before? That is highly unlikely. Multiple people doing so? Come on Bigsby, you are fighting an unwinable battle on this one.

It's precisely because they were new sites that they could be changed. Barely anyone had visited them. They had less than 200 likes. The people who had created them decided to use them for another purpose. Exactly how many millions of people use facebook? And you think it is strange a couple of people repurposed their pages? You who believe some of the most outlandish conspiracy nonsense going and that you constantly peddle on here think THAT is strange. Give me strength.