patrick.net

I meant there is nothing for sale in the zip code /area I have been tracking for years.

The difference between FDR and Obama, was FDR gave an honest fuck about the little man.

Not the minority to parade around to get agendas passed then kicked to the curb, not just special interest lobbies.
He cared about the Little guy, so much so, the little guy loved him.
There was a lot of FDR era shit, that was disastrous and every one knew it and as problems arose, the big difference in then and now is. As those problems arose, and both parties saw it didn't work. They removed them. There wasn't this defend at all cost, mentality.
Today each party holds on to their pet projects, and own up to them to the bitter end, except when Scandal erupts then nobody owns it.

FDR wasn't afraid to try, and he wasn't afraid to be wrong.

Most of all the little people thought he genuinely cared, so History has cut him a lot of slack. I mean it's not until the recent crises that we now find out that he implemented a unified wage, that ultimately ended up lost jobs, and lost talent. It was repealed but not before the damage to American employment had been done. During the time that it was in effect, employers only option to attract talent was offering benefits.

That is how we ended up with employer based healthcare and employer based retirement. We could continue owing our souls to the company store. Rather than just being paid a decent living wage, which meant also being able to save and provide for ones own future. This also created the profit center that Employer based healthcare became. A benefit, is the last thing it is. It's a fucking albatross around the working class American's neck.

And the January Redfin summary for Contra Costa County shows inventory up by 16% (year-to-year). Good news, but not really moving the market as inventory is still pretty tight. To understand how insane is was last year, Jan. price per square foot (sold) is up 36.2% from last year. February summaries should be showing up some time this week.

hrhjuliet says

Why is there such a large number of liarsnin real estate? What attracts them to the profession?

Perhaps the honest ones quit early on, leaving only the liars left.

-Where are you from?
-Russia
-Occupation?
-No just visiting

Correct. One cold winter in eastern North America proves that global warming is bullshit. ;-)

Ceffer says

When the Catholic Church starts serving up FACE, I'll be impressed.

They do. I think it's called the Eucharist.

freak80 says

Ceffer says

When the Catholic Church starts serving up FACE, I'll be impressed.

They do. I think it's called the Eucharist.

Only if you buy the doctrine of transubstantiation. I want REAL FACE dished up in bloody gobbets to the faithful!

Looking at anecdotal data may be instructive:

http://www.zillow.com/homedetails/898-E-Estates-Dr-Cupertino-CA-95014/19639610_zpid/

http://www.zillow.com/homedetails/529-Bevans-Dr-San-Jose-CA-95129/19650631_zpid/

(Zestimate shows a dive because of the not-arm-length sale of 4177, Barrymore Dr, 95117).

http://www.zillow.com/homedetails/680-Riverside-Dr-Los-Altos-CA-94024/19531968_zpid/

All show prices rising after the winter dip.

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 Tuesday, March 4, 2014 __ Level is 104.7

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

APOCALYPSEFUCKisShostikovitch says

Fuck, I'd join the catholic church if they'd get with contemporary needs and start crucifying bankers. Who wouldn't?

Amen! Serve up their bodies and blood every Sunday morning.

The climate always changes over time.

What's subject to debate is whether or not humans are inducing changes beyond what would normally occur.

Of course the climate change industry attempted to use scare tactics("global warming") to influence the populace and even went so far as to threaten to pull funding from scientists and organizations that disagree with then.

So forgive me for being a skeptic.

Because you don't delete comments, right?

Feb 28 at 1:15 PM

Call it Crazy deleted this comment of yours:

Call it Crazy says

How about these states???

Is Rockford a state?

Premium users are protected from comment deletions by non-premium users like Call it Crazy

Call it Crazy says

Hmmm... From $342 to $309 is flat????

You're comparing apples and oranges. The trend is up on both listing and sold prices so you try to compare the list price to the sold price to point out that the they aren't trending up?? Well done.

dodgerfanjohn says

Of course the climate change industry attempted to use scare tactics("global warming") to influence the populace and even went so far as to threaten to pull funding from scientists and organizations that disagree with then.

Climate change industry? Don't you think the oil industry is a wee bit more powerful?

The massive amount of conclusive data is now overwhelming. At this point the only skeptics left are those who are making too much money burning fossil fuels and their patsies.

Forgive me if I put you in the latter group.

rooemoore says

dodgerfanjohn says

Of course the climate change industry attempted to use scare tactics("global warming") to influence the populace and even went so far as to threaten to pull funding from scientists and organizations that disagree with then.

Climate change industry? Don't you think the oil industry is a wee bit more powerful?

The massive amount of conclusive data is now overwhelming. At this point the only skeptics left are those who are making too much money burning fossil fuels and their patsies.

Forgive me if I put you in the latter group.

And I paint you blue. See how that works?

Call it Crazy says

Your boy claims prices are up by posting LISTING price

No--he claims prices are GOING up because historically there is strong correlation between listing prices and sales prices a few months later.

dodgerfanjohn says

And I paint you blue. See how that works?

Being a Dodger fan, you probably like to paint everything blue.

Maybe Jeane Mose can give him the business with one of her cute snarky social bits.

Yes, but since our government only cares about our welfare, it is rape with love.

I must say, so far Obama is handling this much better than Bush handled 08/08/08.

Hi, I'm from the Internet, and I'd like to talk to you about anal sex.

This is great! Let's outsource the rest of the jobs including service jobs, so that we can all buy lower cost goods and services. That's how we'll all get wealthy!

Why, if George W. Bush were president today, he'd quickly checkmate Putin by invading Mozambique.

Well at least more parents will be at home to raise the kids.

Tim Aurora says

I am a bull but any increase greater than 8% a year is froth. Don't like it

WHERE ARE THE @#$^@ HOME BUILDERS?

anonymous says

Here's a perspective on this from the Moscow Times:

Ukraine Shackled by Revolution – and Oligarchs

Many people see the Ukrainian uprising as a direct result of a sort of doubles match that paired ousted Presidents Vladimir Putin and Viktor Yanukovych against German Chancellor Angela Merkel and European Commission President José Manuel Barroso. Others suspect that Washington instigated the turmoil. But if we clear the haze surrounding the crisis, then suddenly we can see that the real root of the problem lies buried deep beneath the surface: an intricate web woven by Ukraine's wealthiest business leaders.

http://www.themoscowtimes.com/opinion/article/ukraine-shackled-by-revolution--and-oligarchs/495411.html

"Then the Ukrainian developments could become irreversible and escalate to a global level, making Russian intervention almost certain through the blockage of outgoing gas pipelines (which would affect Europe as well)..."

And there you have it. My money is on pipelines as the reason for this particular shindig.

jojo says

Yes, the increased variability (volatility) of weather systems is a strong indication of Climate Change. Global weather patters are a chaotic system in a steady state. We may jump from one steady state (the one we are in) to another steady state, and we do not know what that will be. This type of variability is a warning sign that we should pay very close attention to.

Yes because every time I bake a cake, I have to check every now and then to make sure there isn't any ice forming while my cake is baking in the oven.

http://www.economist.com/blogs/graphicdetail/2014/02/us-house-prices

Call it Crazy, is the economist just making stuff up too?

You kind of strike me as a person who has 10 pieces of data: one of which supports your current belief, and 9 others which contradict it, yet you are still choosing to hold onto that one piece of data and say, "Everything else is wrong! I am right! Believe me. Look here and ignore everything else.".

I think you can continue to hold onto your current idea, or challenge it, grow, and learn. Two possible things could happen to your position: either it is strengthened because you find other supporting evidence, or you might find yourself changing your mind because of contradicting evidence.

Either way, there is nothing to win here by name calling or getting huffy.

CIC , show me something interesting to buy near 95124 closer to LG - I'll be grateful if you shared some info.

There is nothing !!!

It's climate change ... so record cold in our NE, and record heat in places like Australia:

http://www.accuweather.com/en/weather-news/record-setting-heat-wave-in-au/21789651

It means more extremes, higher highs, lower lows, and more storms. Global warming will be the net total effect on the Earth, but yes, we are going to have events like this winter where CA is super mild and dry, while the NE is getting frozen.

Notice how there are all sorts of records being broken right now? ('wettest this, hottest that, coldest this'). That's not happening in isolation. That's because of more energy in the system, shifting and pushing things around. When you rev the engine, it turns over harder, and produces more 'forceful outcomes'.

I won't sway or convince anyone to suddenly believe credible science, but that was fun to type. Hi P-net!

Call It Crazy, sorry, not sure what you are trying to prove here, but I don't think it is working. Your thread smells strongly of desperation and anger. Your arguments are not persuasive.

The same phenomenon has occurred many times and much more harshly than is currently the case. The "science" purported in the media in the 90's was mostly false...the warming was more due to solar cycles than anything else. So now it's labeled climate change...with no conclusive evidence that man made causes are accelerating that change.

Look you can spout off science all you want, but without reasonably conclusive proof from untainted sources, all you really are doing is proliferating fairy tale propaganda.

I was looking at February 2014 sales in Los Angeles, CA 90016 on Zillow. It seems the sales prices were at or just below listing prices. The sales prices were about 2 to 4% greater than the Zestimate.

Here is an example or bellweather home for LA 90016:

http://www.zillow.com/homedetails/5217-W-21st-St-Los-Angeles-CA-90016/20596845_zpid/

Question: Isn't this a vicious cycle? A cycle where homeowners are not selling, some because of their underwater status, but more so because there is nothing to buy if they do sell? They are scared to sell because who knows when and if they will find another home to move up to? So then everyone ends up staying put.

The only ones who are selling are the ones who HAVE to sell.

Where does this end up?

Indiana Jones says

A cycle where homeowners are not selling, some because of their underwater status, but more so because there is nothing to buy if they do sell? They are scared to sell because who knows when and if they will find another home to move up to?

It's a like a momentum stock. Nobody wants to sell because it's going up so fast. When the momentum changes, it goes really fast the other way.

I would guess one of the biggest factors that's supporting bay area prices right now is the rise of bay area momentum stocks (FB, Twitter, SPLK). It feels a lot like 1999 or maybe early 2000.

tr6 says

I would guess one of the biggest factors that's supporting bay area prices right now is the rise of bay area momentum stocks (FB, Twitter, SPLK). It feels a lot like 1999 or maybe early 2000.

I would agree except this time a lot of the economic and jobs growth (i.e., stock price for the last 1 to 5 years, etc.) are driven by tech companies with earnings. I am talking Facebook, Google, Yahoo, and even Linkedin.

I looked at Zillow's median housing price chart for the center of Silicon Valley - San Jose. Back in December 2005, the median housing price was $690,000. Now, 8 years and 3 months later, the price is around $650,000.

From what I remember after the housing crash, I recall a lot of CNBC and other financial talking heads saying that it would take no more than 9 to 11 years on average for the major housing centers like Los Angeles and Miami to return to their mid-2000's peak price levels. So if prices doubled from 2000 to 2005. Then by 2015, the prices return to 2005 levels. Hence, the average annual price gain is about 5% from 2000 to 2015.

I would be happy with even a 3% annual price appreciation on my property.

dodgerfanjohn says

The same phenomenon has occurred many times and much more harshly than is currently the case. The "science" purported in the media in the 90's was mostly false...the warming was more due to solar cycles than anything else. So now it's labeled climate change...with no conclusive evidence that man made causes are accelerating that change.

Look you can spout off science all you want, but without reasonably conclusive proof from untainted sources, all you really are doing is proliferating fairy tale propaganda.

Current CO2 levels over the past one-hundred years are a significant anomoly compared to the ice core data of warm periods during the last 650,000 years. (To say this very plain spoken : amount of CO2 we see now way higher than when we had major warm period in Earth's history before.)

If this is "fairy tale propaganda" what is it aimed at achieving? Who is spreading it? What do they want to accomplish? And ... where is your proof in it?

adarmiento says

I am talking Facebook, Google, Yahoo, and even Linkedin.

PE ratios:
Facebook: 104
Yahoo: 31
Linked: 928
Google: 33

I know these are trailing, but still these are pretty high valuations. Also if you look at revenues/market cap, it looks even worse.