patrick.net

thomaswong.1986 says

we are nowhere near 4% or even 3%....at best only half of that at 2%....

Incorrect. That last report I saw showed GDP for the latest quarter being revised upward to 4.1%. Interest rates are headed higher.

bullshitmagnet says

Incorrect. That last report I saw showed GDP for the latest quarter being revised upward to 4.1%. Interest rates are headed higher.

That's 4.1 annualized. That means the economy grew 1.025% for that quarter. It does not mean that it grew at that rate Q1, Q2, or will in Q4.

One of the reasons why higher interest rates may not be making as much impact in coastal California is that many qualified buyers are switching to 5 year arms. The rates on those are practically the same as 30 year fixed mortgages were at the lowest.

I think this is a point that SFAce was arguing quite a bit and he is probably right on this.

On the other hand, places like Vegas and Phoenix are impacted more as there are more institutional investors for whom the rates make a much bigger difference.

bgamall4 says

So, above, we have a website link, and a video saying that you must hyperventilate like Robbie Parker did to fake a cry. The middle video says don't force crying or you will be shown to be a fake!

How much more proof does anyone need that Robbie Parker was a phony and Sandy Hook was a hoax?

Okay, on to ignore with you, you fucking pathetic little turd.

So you just find out the guys last name and now you know that he is a Zionist worm, working with dark forces, every thought is malevolent, he cares not for this world. Worse still, he's gay.

Call it Crazy says

Hmmmm, I guess that blows the "rates don't matter" argument.... There's a one
point spread between the 30 year and 5/1 ARM...

They can't afford the current house prices or payments with a standard, 30
year loan, so they are moving to more "creative" ways to purchase...

What's next, the return of sub-prime or NINJA???

Wasn't that one of the main problems that contributed to the previous bubble.............incomes could not afford 30 year loans so other creative loans were originated to fool the eye.

Why don't we have 1 year ARM loans starting at 1%, then the payments are really affordable.

Yinon zionism or YINgYang ?

Analyzer says

Wasn't that one of the main problems that contributed to the previous bubble.............incomes could not afford 30 year loans so other creative loans were originated to fool the eye.

No payment till next year would be creative as well, but we all have seen these loans
for many applicance and furniture stores in the prior decade. No one was fooled by it.. it was obvious.

Call it Crazy says

They can't afford the current house prices or payments with a standard, 30 year loan, so they are moving to more "creative" ways to purchase...

What's next, the return of sub-prime or NINJA???

seems that way again.. but of course restamped and reapproved by Govt.. since now the govt controls 90% of the market.

Call it Crazy says

tr6 says

One of the reasons why higher interest rates may not be making as much impact in coastal California is that many qualified buyers are switching to 5 year arms. The rates on those are practically the same as 30 year fixed mortgages were at the lowest.

Hmmmm, I guess that blows the "rates don't matter" argument.... There's a one point spread between the 30 year and 5/1 ARM...

They can't afford the current house prices or payments with a standard, 30 year loan, so they are moving to more "creative" ways to purchase...

What's next, the return of sub-prime or NINJA???

Seems crazy, but the buyers here are vastly more qualified nowadays, no gardeners and housekeepers buying $600,000 3/2 SFRs. Lots of money down and intent to take advantage of short term interest rates as a strategy for managing investment rather than losers trying to buy what they will never be able to actually afford. Lemme tell ya, the losers aren't even getting past the bid process here. Strongest offer of the strongest buyers go into escrow.

thomaswong.1986 says

Call it Crazy says

They can't afford the current house prices or payments with a standard, 30 year loan, so they are moving to more "creative" ways to purchase...

What's next, the return of sub-prime or NINJA???

seems that way again.. but of course restamped and reapproved by Govt.. since now the govt controls 90% of the market.

Lenders have to turn loans to make money, they will find a way.

All religions teach that they are entitled to dominate the world. Mormons say that they will enter caves in the Rockies while God reigns down fiery destruction on the unbelievers, they will emerge to own everything.

Kill, belittle, marginalize or enslave the non-believer, let the unspotted holy own and rule, that's the knee jerk screed of any self respecting religion.

what if there were paranoid delusional rantings and no one bothered to listen.

dtbristol says

Worse still, he's gay.

Worse than that, a gay alien.

Here's how I describe it.

You're sitting on a powder keg in the hold of your ship, and Bugs Bunny just thew a match down there.

One mans plan for world domination? You aren't serious are you? It sounds like something out of a badly written fiction novel.

bgamall4 says

Do you doubt a Holocaust survivor, Einstein?

Is there a particular reason we shouldn't?

bgamall4 says

bob2356 says

Sandy Hook has a population less then 2000 people. How "many" people could have possibly moved there from NYC? Did you want to order a hat?

YOu have to watch the video. The locals were aware of many new people. You wouldn't notice that in a big city but you would notice it in a small town. Bingo, frog brain.

Did I miss it or is there a number in here? Hint "many" isn't a number.

bgamall4 says

Israel Shahak, a Jewish hero from the Holocaust, translated the militant Yinon Zionist plan into English. The plan desires regime change and dominance in the middle east, and Shahak said that these militant Zionist would want to weaken the USA as well. I believe that is being done financially, through liar loans and the crash and by gun control as pro Zionists have been in the gun control format.

Any website that supports this view of the Hoax, but then does not let you post your views about regime change and 9/11, etc, and about the Zionist/Neocon connection, is Republican sponsored and has one agenda, an even faster spread of Zionist power in the world.

I'm curious. Have you actually read the PAPER written by Oded Yinon for that obscure journal because the way you keep talking about it leaves me with the distinct impression that you haven't. It's nothing more than an outdated (pre the break up of the USSR for crying out loud) take on an utterly typical analysis of the various muslim countries and the potential for break-up into their various sectarian parts, something which, amazingly enough, he believed would be beneficial to Israel's security.

How exactly that has morphed into what your mind takes it as is probably grounds for a paper in itself. To be published in the Journal of Clinical Psychiatry no doubt.

And if you don't believe this guy, then you're just a "twit" and an "assclown", as he describes it.

marco says

And if you don't believe this guy, then you're just a "twit" and an "assclown", as he describes it.

He may be and say a lot of things, but he's also made far better calls than most on here. I'd certainly take his advice over Mr. 9/11controlleddemolition/SandyHookhoax any day of the week.

Has he deleted this exchange from the original thread?

bgamall4 says

Thanks for advertizing my other positions. I see that you saw where I started a new thread that hyperventilation is an acting method to fake a cry without getting bogged down in feelings of past hurt. Turns out that method was used by Robbie Parket and that chick who claims to have lost an older sister.

I hope the people who take your financial advice take note of the sort of 'logic' you use when discussing your conspiracy theories.

Ceffer says

Kill, belittle, marginalize or enslave the non-believer, let the unspotted
holy own and rule, that's the knee jerk screed of any self respecting
religion.

But with the total number of religions world-wide, everybody is a non-believer/atheist to somebody else.

It's the my religion is right and your's isn't conundrum.

bgamall4 says

Of course I read it. I also read Israel Shahak's comments and other writings that show that he viewed the Yinon Plan as dangerous to the Jewish people. Shahak also believed that the cabal would come after the USA as well.

Then why do you make so many outlandish claims for what it 'plans' when it does no such thing?

bgamall4 says

Keep in mind, Bigsby, that the Yinon Plan advocated the attempts are regime change that succeeded or failed in Iraq, Egypt, Syria, Libya, etc. The neocons implemented the plan starting in 2001 when they came to power through Cheney. These neocons wanted a new Pearl Harbor in order to speed entrance into the middle east wars. So, while the Democrats facilitate some Zionist goals, the Republicans implemented the most odious of Zionist goals, Yinon Zionism.

Really? I read it. It merely predicted the likely break up of countries that were/are obviously severely fragmented on sectarian grounds. You conspiracists have simply stretched that basic idea so far that it appears you've completely forgotten what was originally written and created a whole different grand conspiracy involving world domination and (according to you) the hoaxing of the mass murder of children at an elementary school amongst all the rest of the paranoid drivel you post.

thomaswong.1986 says

Ok ... Daffy Duck.. it can, it cant and vice versa !

Funny to watch all the R.E. Shills show up for damage control ....there's a phrase for it coined "Muddy up the waters"

bgamall4 says

I am not giving financial advice. How can you know what the cabal wants to do. If people don't buy, and don't rent, then it can always offer easy money. The cabal is evil and we are screwed no matter what.

Ah, so you are merely a self-proclaimed 'financial expert.' And apparently, a paranoid conspiracist.

All you would have to do if you wanted to change the gun laws would be to "donate" to public officials large sums of cash. That's how politics works. It's how things get done. It's what corporations do when they want laws changed to benefit them. The idea that Sandy Hook was perpetrated to change the gun laws is a bit obscene.

dtbristol says

All you would have to do if you wanted to change the gun laws would be to
"donate" to public officials large sums of cash. That's how politics works.

That's the hilarious part that bgamall won't admit, is that the zionist/Israel-only lobby is very effective without having to resort to inefficient and insane actions to fulfill their agendas.

Want proof, look at all the money(cash), military weapons and equipment, and 'loans'( that all mostly forgiven) that the USA gives to Israel by our politicians.

Why resort to such insane and scripted BS like bg's Sandy Hook scenario when they don't have to? Well, except to get people to involuntarily defend the actions of certain people that they weren't before.

Does anyone seriously believe that the Isrealis wouldn't have just shot the little kids if they really did Sandy Hook?

Option 1: Hire/coerce hundreds of people, all of whom must keep their mouths shut? Risk tremendous public outrage if a small number of them squeal, probably equal in ferocity to the outrage which would descend if you killed the kids.

Option 2: Shoot the kids, then plant Lanza's body. At most 10 people know, with as few as 2-3 operatives on the ground.

Hmm. Which of these makes more sense?

Reality says

Do you think any bum should be able to homestead on your lawn? or the patch of woods giving you privacy from your neighbor?

Simply limit people to 5 properties per household, of any kind, anywhere. Corporations may only own property they use, or better yet, can only lease. Corporations cannot be formed to hold or rent real estate; LLPs are okay but the limits apply to each and every member (ie Joe and Jack buy an office building, it counts as 1 property for both individuals).

Problem solved.

"Help, my freedom is being infringed. I only have one primary residence, a summer home, a beach house, and two rental condos! Yet, I also want to buy 100 acres of pine forest in Oregon and a shopping plaza but can't because I reached my limit. This is SOCIALISM!!!!"

Analyzer says

Why don't we have 1 year ARM loans starting at 1%, then the payments are really affordable.

This is exactly the trap Denmark has fallen into.

"The mortgage industry says it’s proving difficult to shift borrowers back into longer-term loans, even though households can now fix into rates as low as 3 percent over 30 years. Rates on one-year bonds are well below 1 percent."

http://www.bloomberg.com/news/2013-12-15/mortgage-banks-in-denmark-told-to-review-risk-as-new-law-debated.html

"In brief: household debt in Denmark is at 310% of GDP, a world record"

:facepalm:

"Do you think any bum should be able to homestead on your lawn? or the patch of woods giving you privacy from your neighbor?"

Sure. Maximum freedom is what libertarianism is all about, right?

"To prove a legal title to land one must trace it back to the man who stole it."

Bellingham Bill says

just for the record, my retired Apple millionaire friend was priced out of Los Altos, and that was 2-3 years ago.

real millionaires live in SilverCreek... even back in the day, why buy a chicken shack in LA when you can buy a modern home in SC.... whats the point, are you looking to bank roll the retailers on University Ave so they can charge you $5 cup of coffee ?

And to think: if it weren't for the army of off-duty convenience-store clerks and unemployed busboys (fired for cause) who sifted through all the evidence for smokong guns, Americans might still be laboring under the correct impression that Sandy Hook was the work of a nut who acted alone.

Once again, Internet sleuths blowing up jpegs and blurry video in mom's basement have exposed yet another nonconspiracy for sure!

Wake up sheeple!

nw888 says

It is the same thing in the nice areas of SoCal. Properties are generally being bid up by 10-20% over asking price. We've been outbid by cash buyers that have no contingencies. It's very competitive out there.

you have any proof of these other bidders... or are they fake to pump up prices ?

no.. this isnt Socialism... far from it.. its actually Capitalism...

If there were multiple offers as man REA have keep saying, we would never have seen prices fall by 30-40% as we have seen... its a tool used on fools...

http://www.thestar.com/business/real_estate/2013/04/18/consumer_minister_moves_to_protect_consumer_in_real_estate_deals.html

Ontario moves to protect consumer in real estate deals
Proposed legislation would outlaw 'phantom bids' and let consumers negotiate real estate fees.

All offers on a property would have to be presented in writing, rather than just verbally, so that bidders and their agents would have hard proof of the real competition they face for a property. The listing agent would be required to keep a record of each offer in case there are complaints later from losing bidders.
Some realtors have called for greater transparency in the bidding process, one citing a case last year where her clients bid $90,000 over the asking pricebid $90,000 over the asking price on a nearly million dollar home, under the impression there were other bids. When their agent found out later they were alone, the sellers agreed to accept $45,000 instead.

Reality says

There is no such "well established relationship" between the two across different countries. North Korea has much lower nominal wealth disparity than the US; few would argue their economy is heathier than ours, outside of North Korea. LOL.

Not withstanding that one outlier doesn't negate an obvious trend, I'm not sure you are correct about North Korea.

http://www.emergingfrontiers.com/2013/08/11/income-gap-in-n-korea-widens/#more-15667

Reality says

That's the point that I was making. The amount of money/asset a person owns does not represent the total amount of power he/she wields; there is little correlation between the two when analysing across different societal context.

You're kidding, right? Little correlation between wealth and power?? Really?? Please stop it.

Reality says

You need to prove how North Korea's Kim's $1000/yr or so salary conveys more signal than noise.

Obviously Kim has other "benefits" that need to be accounted for--we're talking about wealth, remember? In any event--income includes non-monetary benefits as well.

Reality says

Why? Busts are leveling events. When you allow government bureaucrats to interfere, who do you think the government bureaucrats tend to help more? Their friends in the establishment of course!

Great point. Meteor strikes are leveling events too. So are massive volcanic eruptions.

In reality, busts are marginally leveling only for a short time--when economic recovery takes hold, the disparity continues according to its previous path.

bgamall4 says

HydroCabron says

Wake up sheeple!

Who the hell are you? Know anything about the theater shooting and any connection of the characters to Sandy Hook? I am still working on that. You are from Denver, right? The governor above just admitted that people spoke to him and told him to BE PREPARED FOR SOMETHING LIKE THIS HAPPENING.

What are you Hydro, completely and utterly retarded?

I know the mother of someone who was wounded in Aurora.