patrick.net

Prop 13 means that House Holders aren't penalized enough for keeping homes off the market.

Higher property taxes on real estate that isn't a primary residence would light a fire under sellers' behinds.

If Jerry Brown were to have a legacy, it would be to rollback the law that started on his watch.

jojo says

http://fidelityfiplus.econoday.com/byresource.aspx?cust=fidelityFIplus&year=2013&grp=3&rcrid=1097

Thanks to corntrollio for this data source.

Good-so you now understand that they are not pegged but rather correlated.

If it was pegged, they would move EXACTLY in lockstep. The fact that they don't proves they are not pegged.

The word you are looking for is correlated.

Homeboy says

This pilot says they could have shut down systems to try to isolate the cause of a fire.

Yes, that's exactly why the transponder can be disabled -- it might be the cause of the problem. Lots of non-airplane people think that there should be non-defeatable devices on-board commercial planes for tracking, but those devices could always have a wiring fault or other problem that the pilot needs to be able to diagnose. Furthermore, there are legitimate reasons to turn off the transponder -- e.g. for maintenance reasons or because ATC may request that you change your squawk code.

Note that there are still problems with the fire explanation. Typically they'd tell ATC that they are having an emergency and are heading to a diversion airport. Maybe you'd even get a Pan-Pan or Mayday. As I mentioned, the fire also has to be just bad enough to disable some stuff, but not everything, which seems odd too.

bob2356 says

Something is certainly not right about the 45,000 number. No one has yet to explain how a 777 with 7 hours fuel on board and a full load of passengers could possibly get anywhere close to that altitude.

Yeah, I agree -- that's what I mentioned above. The number could easily be incorrect or reported wrong. The funniest thing is all the people saying 45000 = passenger death. That's just incorrect.

hrhjuliet says

No one should be able to buy property in a country they are not a citizen of.

Why not? At least it means we have something we can produce that we can sell the Chinese. And for a huge profit.
Just build more of it so there are enough for Americans.

hrhjuliet says

We can't have a healthy democratic republic if half the population is not invested in the republic

Are they even living here?
At the next war with China, all these houses will be confiscated right back and these Chinese who are living here parked in a camp.

jojo says

Choose whatever words make you comfortable

OK--I'm done wasting my time on this. Words have meanings. You can't change them to suit your needs. Unless you are an Austrian, of course.

I wonder if he'll lose his MLS access for this.

jojo says

@tatupu

gsr says

So? What is your beef actually?


You think corporate bond yields are low due to some other reason, and the Fed has no effect in influencing it?


Why do you think corporate debt level is at historic high?

I think that's been explained numerous times. With the current levels of wealth disparity, the US is literally awash with cash looking for somewhere to go. A lot of it goes into bonds which drives the yield down. It's called the free market--not the Fed.

Call it Crazy says

Why???? You do ALL the time!!!

Example?

Who am I kidding. Of course you won't have any examples.......

Iosef V HydroCabron says

I wonder if he'll lose his MLS access for this.

He'll still have access to plenty of tight holes to exploit regardless.

So I vote for him being allowed MLS access as it won't make a difference in justice.

Call it Crazy says

Here's your examples:

http://patrick.net/comments.php?a=2670

Yep--that's what I figured.

Call it Crazy says

Should we start a poll here to see how "useful" your comments are and let the membership decide??

Sure--and let's do the same about your comments.

Just when I thought you could not raise the bar any higher...

I see a PSA, quite noble

APOCALYPSEFUCKisShostikovitch says

Witnesses called police, alleging their neighbor was raping his 8-month-old female dog on his porch.

Nothing gay about that, so at least he isn't some homo sicko like FortWayne is always worried about.

To all the Baby Boomers thinking about moving to Florida, remember this is what you are moving to.

APOCALYPSEFUCKisShostikovitch says

Witnesses called police, alleging their neighbor was raping his 8-month-old female dog on his porch.

Are you sure it wasn't just a Baby Boomer and a Millennial. It's pretty much the same relationship.

APOCALYPSEFUCKisShostikovitch says

Dan8267 says

FortWayne

Is FortWayne being stalked?

Did he recently retire to Florida, or vacation there? 61 would be about the right age, and Bull would be a more apt name....

Maybe the dog was his preferred mortgage broker.

corntrollio says

As I mentioned, the fire also has to be just bad enough to disable some stuff, but not everything, which seems odd too.

No, I think his theory is that it wasn't the fire that disabled systems, but rather the CREW that disabled the systems in the process of trying to diagnose what went wrong. And he claims there's precedent for that:

The 1998 crash of Swissair DC-10 off Nova Scotia was another example of heroic pilots. They were 15 minutes out of Halifax but the fire overcame them and they had to ditch in the ocean. They simply ran out of time. That fire incidentally started when the aircraft was about an hour out of Kennedy. Guess what? The transponders and communications were shut off as they pulled the busses.

Homeboy says

No, I think his theory is that it wasn't the fire that disabled systems, but rather the CREW that disabled the systems in the process of trying to diagnose what went wrong.

I got that part. What I mean is that the fire disables things enough that the pilots have to diagnose it, as opposed to just shooting halon in the cargo hold or shutting down an engine. The hypothetical fire also disables the flight crew in this scenario, but doesn't disable the plane, which keeps flying for several hours. I'm not saying it's impossible, just saying that it's a potential problem in the explanation.

I'm familiar with the SR 111 incident, but that plane was disabled enough that it crashed, quite forcefully, I might add. If I remember correctly, the FDR and CVR stopped recording about 15 minutes after smoke was first detected in the cockpit, and the first officer was still alive at the controls for at least another 5 minutes because he shut down one of the engines about a minute before impact.

I'll wear my tutu and tiara.

tatupu70 says

With the current levels of wealth disparity, the US is literally awash with cash looking for somewhere to go.

Really? You think we have net more cash than what we had in 1980? How do you think it happened? Do the rich guys more grow cash on trees?

Robber Baron Elite Scum says

And ME in person so I can choke and kill all you worthless fucking peasants.

And I thought all that you really wanted was some ass fucking.

gsr says

Really? You think we have net more cash than what we had in 1980? How do you think it happened? Do the rich guys more grow cash on trees?

Productivity increases.

I saw a female pit bull dragging a realtor around by the penis once. I wondered why the pit bull had such bad taste.

Call it Crazy says

tatupu70 says

gsr says

Really? You think we have net more cash than what we had in 1980? How do you think it happened? Do the rich guys more grow cash on trees?

Productivity increases.

Proof??

He is right. Productivity is what increases our standard of living. As good as more money.

http://www.economist.com/blogs/freeexchange/2012/09/productivity-and-growth

Call it Crazy says

He is right. Productivity is what increases our standard of living. As good as more money.

http://www.economist.com/blogs/freeexchange/2012/09/productivity-and-growth

What's going on, is the parrot patrol working in tandem tonight?? Are you texting each other for answers??

Don't have to. The facts eventually dominate a debate.
You can't fool all the people all the time.

I'm up for a get together.

obligatory;

http://www.youtube.com/embed/3sTJp7fzLNQ

lostand confused says

America throws more people in jail than any nation on earth.

How is this relevant? Besides, judging from the crime stats, some other countries should throw more people in jail too.

A shred of hope of debris being located:

http://www.cnn.com/2014/03/20/world/asia/malaysia-airlines-plane/index.html

corntrollio says

The hypothetical fire also disables the flight crew in this scenario, but doesn't disable the plane, which keeps flying for several hours.

Couldn't smoke incapacitate the crew without immediately destroying the plane? The guy who wrote the article seems to think it's possible.

Call it Crazy says

Proof??

Call it Crazy says

Ventura, Calif. (-20.8%).

I work in Ventura, California. We always comment on the disproportionate number of bag/homeless people in the area, more so than some parts of Los Angeles County.

We had some drizzle a few weeks ago and the temperature did deviate +/- 5 degrees from the normal 72 degrees in the year round beach climate of the area.

Hmm, what could cause a 20% drop in sales?

Agreed.

Call it Crazy says

(The "low inventory" fault was disproven by the Redfin data above).

Call it Crazy says

According to Redfin Los Angeles agent Eric Tan, “This time last year, sellers could name their price and still get 20 to 30 offers. This year, even homes that are priced competitively are only seeing two to three offers come in, often at or below list price. Pricing appropriately is crucial.”

Wow--sellers are now ONLY getting 2-3 offers at list price now? What ever will they do?

Homeboy says

Couldn't smoke incapacitate the crew without immediately destroying the plane? The guy who wrote the article seems to think it's possible.

Usually not. Generally speaking, in most aviation incidents involving a fire, the airframe starts disintegrating before the pilots die. Can it happen another way? Possibly, but this makes it less likely.

The other thing I was thinking about is that it's not really standard procedure to go to 45,000 feet (again, strong possibility that it's bad data in the first place) to put out a fire. You have checklists for fires, and you'd follow them. Also, there's nothing stopping you from depressurizing at 35,000 feet instead of an altitude the plane isn't certified for if you actually need to depressurize. There's actually a report on how depressurization doesn't necessarily help put out fires and possibly could have other consequences:

http://www.fire.tc.faa.gov/2010Conference/files/Cargo_Fire/HillDepressurizationFreighter/HillDepressurizationFreighterPres.pdf

By the way, I was re-reading the part of his article on SR 111. He gets a lot of stuff wrong factually. For example, it was an MD-11, obviously, (not a DC-10) and I'm pretty sure the comms and transponders were working until right before the CVR and FDR cut off, so there's no evidence that they pulled breakers for them on that flight. And note that the first officer was likely still alive just before the plane crashed.

I suspect there are a few other factual mistakes too -- I read somewhere that he got the facts regarding the Air Canada flight wrong too.

Even if prices of current listings pull back 10-20% this summer... They still will be priced higher than the 2011 lows. A 10-20% haircut this summer.. with the current ultra-low inventory.. We will have another hard bounce upward. So any drop in prices will see an equal rebound back up.. just like in 2011.

The only thing to stop this is if rental prices collapse. Until then.. home prices have a hard bottom just above rental parity... and will bounce off it repeatedly.