patrick.net

I have no idea how the writer of this article decided the last paragraph connects with the ones preceding.

jojo says

I'm not sure what you mean. The people who would drive the housing market (first time buyers) don't have enough savings, income or credit to even qualify for a house if they wanted one.

Doesn't matter if loan qualification requirements are relaxed enough. You know, until someone making 15K per year picking lettuce can buy a 500K home in CA.

Yeah-- a big disconnect twixt the main text of the article and the "buy now or be forever priced out" hoo hah of the last paragraph. Maybe an imp from the NAR hacked it...

bgamall4 says

Janet Yellen says the Fed can't regulate it, but wants congress to regulate it, and then the Fed will tell congress how to do that. I am telling you, they want a NWO worldwide currency!!

I just don't see how a worldwide currency will work. It doesn't even work in EU, much less the world would be chaos.

But the prices in 2014 will shoot through the roof!

Call it Crazy says

Roberto isn't here anymore....

But, his henchmen are still around!

bgamall4 says

It may not be bitcoin, but it is a digital currency of some sort. Or it could be bit coin. Point is, they want to take money from your deposits, and digital currency can only be spent or left in the bank, the cashless society.

Do you want to decorate your house with your cash? What's the problem with a cashless society out of interest? It's fast becoming one without a single currency. It's convenient, is it not?

bgamall4 says

Or Bigsby, are you too stupid to understand the concept of negative interest rates?

And what has that got to do with a cashless society?

bgamall4 says

It is convenient for the banksters to take your money since you can't get it out of the bank. Your position proves you are a paid Zionist.

If there's a run on the bank, you probably can't get it out anyway, but yeah, you have a point. Still, most money is basically digital anyway.

It's actually funny that you see a stampede for a 'one world currency' everywhere you look while the world is clearly moving away from that. Out of interest, are you not perplexed by the fact your self-proclaimed HOME OF ZIONISM decided not to adopt the euro?

bgamall4 says

Ah, but if the Euro was a digital currency, the UK may change its tune.

Do you actually know why the UK didn't join the euro?

bgamall4 says

Bigsby says

If there's a run on the bank, you probably can't get it out anyway, but yeah, you have a point.

You can't have a run on the bank because there is no cash.

People can and do have multiple bank accounts. And if all the people of one bank seek to transfer all their money to an alternative bank that would constitute a run on the bank, would it not?

bgamall4 says

Everything. If you can't get your cash out, they can collect the interest. If you had the choice of taking your cash out you would not pay a damn bank to keep your cash. You would buy a safe!

People have the choice of taking out their money now and in the US they pay the bank to handle their current accounts, don't they? And without interest on those accounts.

I can't tell which comments are sarcastic and which are real. Maybe in addition to "Like" and "Dislike" flags we need "Sarcastic" and "Genuine".

bgamall4 says

Janet Yellen says the Fed can't regulate it, but wants congress to regulate it, and then the Fed will tell congress how to do that. I am telling you, they want a NWO worldwide currency!!

Think so too, it's not that they can't, it's that they don't want to.

Hey bgamall got you a little rhyme, since it's Dr. Seuss birthday based on Fox in Sox.

Here is a new trick Mr. Gox.
Bits to dolts and bits for bucks.

Call it Crazy says

How about these states???

Is Rockford a state? When did that happen?

bgamall4 says

But if both banks had negative interest rates it wouldn't matter much. You still pay the banking system for the privilege to leave your money with them. So the other bank needs a bailout, so what? Usually a big run on banks is because the entire banking system is in jeopardy because of failure of interbank lending.

That's a completely different issue. If you leave your money in the bank (as people do whilst getting charged for current accounts), then that is your choice. If you don't like it, put your money to use elsewhere.

The news today is reporting that Mt. Gox has "lost" bitcoins numbering six figures, belonging to both them and their clients.

How do bitcoins get "lost?" What does this do to the advancement of virtual currencies in general?

It would help if you copied the title of the chart so we know what we're looking at. Is it median price, zillow home value, etc?

bgamall4 says

Ah, so you have to take on risk and put it to use. Sorry, they can crash those markets too, Bigsby. Now I think you are a Zionist again. Only banksters think like that.

You're a conspiracy nut. I'd have thought you'd love to put it into gold bars and stuff them under your mattress. And what do you think people have been doing with their savings since interest rates went into freefall? What do you imagine they'd do if those rates went negative?

bubblesitter says

This year is starting out exactly like last year. When are you and your buddy going to get tired of being wrong?

Keep your band wagon moving, with all your graphs. Reality on the ground is different cuz I see em in the redfin listings in my area, and in the open houses, offers are drying up, listings are repeatedly coming back on market after going into pending.....can't hide the truth behind your graphs...go check it out yourself....outside of Concord.

Call it Crazy says

Sorry dude, but you're wrong again. The chart was sales, not estimates. Plus, it's their one year chart, I didn't cut anything off.. Run their one year sales not estimate chart and prove me wrong.

You cut off the title of the graph, dude.

bubblesitter says

Keep your band wagon moving, with all your graphs. Reality on the ground is different cuz I see em in the redfin listings in my area, and in the open houses, offers are drying up, listings are repeatedly coming back on market after going into pending.....can't hide the truth behind your graphs...go check it out yourself....outside of Concord.

Let me translate:

"My anecdote beats your data."

Call it Crazy says

You want me to do all your work?? A few clicks of your mouse and you can find it. It's public data...

Huh? I want you to actually include the title of the graph that you post on here. That's not my work. That's YOUR work.

I thought he was a Zionist?

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 Friday, February 28, 2014 __ Level is 104.2

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

Sooooo, if G.W. Bush were to pull the mask off Darth Vader, he would find his grandfather?

"Nooooooooooooooooooooooooooooooooooooooooooooooo!"

People accessing their financial accounts through their phones are looking for problems.

Putin could place nuclear missiles in Cuba,Iran & Syria at their request & tell the U.S. that:
"Any violation of their sovereignty and territorial integrity would be deeply destabilizing," & "profound interference".

Fuck the Democrats,Republicans & any other U.S. warmongers Because they don't care if America gets fucked. Maybe they can bring war to the front door of every American.

Einstein:"I do not know how the Third World War will be fought, but I can tell you what they will use in the Fourth — rocks!"

anonymous says

If Crimea decides to secede from Ukraine—especially with what appears to be direct efforts from Russia to help that happen—there's almost nothing Ukraine or anyone else can do to stop it.

Crimea is a peninsula and Ukraine controls the neck of it. If it decides to build up forces there, it can do so much quicker than Russia could do it via air and sea. So, technically speaking, there is lots Ukraine can do to stop it, IF there is a political will to do that.

Straw Man says

anonymous says

If Crimea decides to secede from Ukraine—especially with what appears to be direct efforts from Russia to help that happen—there's almost nothing Ukraine or anyone else can do to stop it.

Crimea is a peninsula and Ukraine controls the neck of it. If it decides to build up forces there this can be done much quicker than Russia could do it via air and sea. So, technically speaking, there is lots Ukraine can do to stop it, IF there is a political will to do that.

And there is a lot of Shock & Awe that Russia can inflict on Ukraine.
I heard that Russia has missiles & aero'planes.

HEY YOU says

And there is a lot of Shock & Awe that Russia can inflict on Ukraine.

I heard that Russia has missiles & aero'planes.

Ukraine has plenty of these too. And very robust air defense system. Do not confuse it with much smaller and weaker Georgia.

Darth Vader was never as evil as a Bush. G.W. Bush & Republicans rhyme with the Death Star on 9-11. The Death Star was a failure & so was Bush/Reps.

APOCALYPSEFUCKisShostikovitch says

Guess what? Your data is already gone!

And your money is worthless.

But is the new political party in Ukraine in control,of the Ukranian military yet? I have been wondering that. Any answers to this.

casandra says

But is the new political party in Ukraine in control,of the Ukranian military yet? I have been wondering that. Any answers to this.

So far looks like it is in control.

I love this Putin guy: he's like me, but with smaller labor camps and better media managers.

Plus, right-wing Americans love him!

Call it Crazy says

I wonder who wins in this duel???

http://www.youtube.com/embed/Cn8FPOt2uZM

jojo says

Yes, but I think there is a 43% DTI rule that is now in place. So there are limits to the credit expansion.

The qualified mortgage rule attempts to define “safe” lending standard. The general number to remember here is 43%, which is the maximum debt-to-income ratio to qualify for a loan.

As with anything in the mortgage industry, the small text is a bit more complicated.

“The 43% debt ratio is what everybody has latched onto,” said Central Coast Lending owner Daniel Podesto. “There is a big ‘or’ that goes into that statement as well.”

“The loan has to be ‘qualified’, or meet Fannie, Freddie, or FHA standards.”

As Podesto goes on to explain, Fannie and Freddie qualifying loans can go up to a 50% DTI (with approval), FHA will go up to 57%, and VA will go to 60%. HARP loans go even higher.

Lenders that fail to meet these threshold will be subject to a 5% stake in the loan before selling it on the secondary market, which gives them incentive to manage risk effectively.

http://www.centralcoastlending.com/2013/10/mortgage-rules-2014-fees-cap-qualified-mortgage-loans-expensive/

Idiotic

Obama does a lot of warnings, most are PR stunts for the public, since often those being warned are well aware of the emptiness in the actions behind words.

He's been acting like a king lately, not exactly someone who is taken seriously diplomatically. I just don't like that he has taken that attitude with us too, I don't care what he says to others... but he hasn't been treating America any better.