patrick.net

jojo says

cloud15 says

Wishful thinking by someone :) .....houses will always be in high demand in places where you have jobs . This has been the norm from centuries .

It's not wishful thinking. I'm not looking to buy anything. Do you have any constructive comments about the article?

SFBA is different. Free money rains here , look at the valuation of FB, nflx, whatsApp, LinkedIn . It all trickles down to employee level too.

jojo says

cloud15 says

SFBA is different. Free money rains here , look at the valuation of FB, nflx, whatsApp, LinkedIn . It all trickles down to employee level too.

I can tell you from where I sit people are looking at the whatsapp deal as an indicator of peak insanity. I wouldn't make any big bets on things continuing like that.

I agree with you , it's all insane. I said the same thing when Instagram was and I thought that we are in Tech Bubble 2.0 but it has been continuing.Not sure when would it bust though .

Like they say, something gotta give.

hrhjuliet says

Please do not insult President Carter. I'd like to see a list of his positive and negative acts as President side by side with ANY of the last few presidents. Why vilify him?

Sometimes I am suspicious that the majority of people's opinion on Carter is based on the media version of him, and not on his voting record.

Still waiting on the comparison list.

I am an optimist. I like to think of Carter as a one term Obama rather than Obama as a two term Carter, that's slightly less depressing.

corntrollio says

I think he is being a little too general when saying "busses." It really depends on how the wiring is set up.

Hmmm....still trying to understand this. My question was, if you turn off all the busses, would you cut power to the transponders, rendering them inoperative? The author seems to believe that is a distinct possibility. How is that "too general"?

corntrollio says

The transponder has a combination of controls that affect it on a 777 -- I believe you turn a rotary knob for certain modes, and you can key in things for other modes (e.g. to change the squawk).

O.K., maybe I'm still not understanding this. I'm thinking turning off the busses would be somewhat similar to turning off circuit breakers in your house - it would cut all power to that circuit, right? So what the controls do would be irrelevant, wouldn't it? If I turn off the circuit breaker that supplies power to my living room, my television set would turn off. Whatever buttons there are on my T.V. would have nothing to do with it, right?

corntrollio says

They may very well have done so on SR 111, but the source of the fire was fairly obvious on that flight -- wasn't coming from the transponder area.

I think I get what you're saying here, but isn't the recommended procedure to shut off ALL the busses, then restore them one by one? And why would we assume that the crew on the Malaysia flight would know where the fire was, assuming there was a fire?

corntrollio says

The point I'm making is that this guy asserted that the comms and transponder on SR 111 were off because the pilots turned them off, but the pilots would have turned them back on as soon as they figured out they weren't causing the problem. If they were off at the time of the crash, it wasn't because the pilots had specifically disabled them, as is the suggestion for MH 370. If they were off at the time of the crash, it's because the fire disabled them.

Hmmm....did he say they were off at the time of the crash? I think all he said was, "Guess what? The transponders and communications were shut off as they pulled the busses." That's not too clear. He doesn't really indicate if they stayed off or were switched back on. But what he's saying might have happened on the Malaysia flight was that they switched off the power and never GOT the chance to switch it back on because they were incapacitated by the smoke.

I definitely see your point, though. It doesn't read as a well-researched report, but rather as a pilot just spitballing ideas about what might have happened, which I think is what he was doing. Still, it makes more sense to me than some of the convoluted theories about terrorism or pilot suicide.

jojo says

Hey, bird brain. Look at my past comments and look at where I live and what we were discussing yesterday. What do you think I do for a living? Once you figure it out maybe you will have a clue.

Based on your complete lack of knowledge of finance, I could come up with a multitude of postential occupations for you. Most of them involve wearing a uniform...

Wouldn't the Lithium-ion batteries batteries have to be in use to catch fire? Neither article says how much of them were on the plane, in in cargo hold.

Wouldn't drones be well suited to search for the wreckage over open ocean?

bubblesitter says

Hmmm...I have yet to see the proof.

What is it you are looking for him to provide? Addresses an sales histories?

Just curious.

Where are the buyers? In China.

Who are they? Gay Trillionaire Chinidians who shit gold and eat caviar off the asshole of their gay lover.

@ Call it Crazy

The generation which is supposed to buy isn't because of baby boomer assholes who bought extremely cheap and now expect them to buy it 100X for a 3/2 shithole.

They took their jobs, refuse to retire, refuse to die and now have the nerve to make smart-aleck remarks such as "get a job!"...

"go to college and pay all by yourself 6 figures which should magically materialize somehow"

Yet all over this forum you've not accepted that the boomers are bunch of fucking hypocrites who have a large blame (not the only blame).

You blame the younger teen to 30's generation.

Even though every articles like these you post all over about lowest housing sales ever.

The majority of house buyers are supposed to be early 20's to mid 35's.

Not old fuck's. The old fuckers belong in the senior citizen housing community open house.

Articles like these prove that the demographic (20-35 years age) which is supposed to buy is not able to afford the prices and the job market is prejudiced against them.

No-one will give them experience. But the boomer asshole had everything handed to them.

Those dirty cockroach slave degenerate motherfuckers.

Call it Crazy says

Let's see if I can sum up this big paragraph in three words.....

Whaa, Whaa, Whaa......

Let's see if I can sum up this big cowardly response in a few words...

"I'm a coward boomer with a vested interest who has no rebuttal, no comeback, no counter-argument and cannot come with any logical defense for each point... So I resort to childish "Whaa, Whaa, Whaa" jokes and other "talk to my hand" 5-year old ways to get out of arguments because I'm a boomer asshole who pretends to be an adult but has had everything handed to them but has the nerve to criticize others who I expect to mooch off my pension from."

Go fuck yourself... You've been dismissed and exposed as a cowardly boomer who can't counter-back.

Its more lack of demand than lack of inventory.

Call it Crazy says

Keep carrying on loser...

Ahhh my god... You called me loser over the internet? I'm going to cry now because I value what you think of me.

bg says

What is it you are looking for him to provide? Addresses an sales histories?

Just curious.

Sure, including numbers to prove that positive cash flow, otherwise I believe everything I read on internet. LOL.

jojo says

We will also take into account the 6% commission to exit the trade.

Ok, so you will consider it a "win" if the median Price increases less than 6%.

Call it Crazy says

The combination of steep price appreciation and rising mortgage rates is likely coming as a shock to many prospective buyers, particularly first-timers.

That is the crux of the problem and why the "recovery' can't last

Still waiting.

Are you kidding Jojo?

jojo says

Redfin site 2 years from today then you are the winner. Very simple.

Perhaps this should be adjusted for inflation.

I bet that it makes a little tiny zig zag here and there all year. Like a little bipolar line that when looked at distance, or when looked at over a two year span, is nothing more than a flatline. I think it will start to head noticably down in November, but not a crash, just slowly downhill for a few years. Of course, I'm not betting because my prediction is just a layman's guess, and you two clearly have more experience.

Don't you have midterms or something to study for?

http://www.dailymail.co.uk/news/article-2586013/Malaysian-woman-claims-seen-missing-MH370-water-near-Andaman-Islands-day-disappeared.html

Malaysian woman claims to have seen missing MH370 in the water near Andaman Islands on day it disappeared

i'm so glad you two have found each other. it's touching.

Haha. Love on the internet at it's best.

jojo says

Yep, ur chicken.

I feel for you. :)

Ceffer says

Must have mistaken him for Fred Phelps.

In America, Putin fucks Obama in the ass on a horse. In Russia, horse fucks you! ~ Yakov Smirnoff

Other than rhetoric that is silly and intellectually weak shorthand for "Democrats" suck, I don't even accept the premise.

If Carter sucked (and I don't accept that he did), by what metric would you not judge George H. W. Bush as "Carter", or George W. Bush as "Carter"? I say Reagan was a two-term version of Nixon, what..with all the ass-fucking they both gave the constitution.

Both Bush Presidents had approval ratings equal to or below Carter's at their lows. Carter never had a massive terror attack on his watch, either.

"He kept us safe!!!". If he were a Republican, the convention would have howled with delight, chanting that slogan like a Buddhist monk.

You picked the wrong county.
You should have bet on Modesto.

Who knows how many gay Billionaires want to live in Santa Clara?

Two-thirds of those who live paycheck to paycheck aren't poor, they are just plain stupid!

Unless you have a lot of self-control, it's easy to let the spending go way, way up. I know because I used to be there and it took some personal Shock Doctrine to ratchet down my needs.

However, it's oh so easy to get sucked down the drain. Case in point, my son visiting from college. I usually take him shopping for clothes when he periodically visits. However, while I myself shop at Wal*Mart, he wants stuff from the department stores. Last time, he gathered up a few multicolored shirts (not far from t-shirts) at Macy's and with a few other things, cologne, it ended up being $600. That's an extrodinary sum for me. I just bought my years wardrobe of t-shirts and sweatpants for under $100.

The only way that house prices go down in SFBA is if rents go down. What I can tell you is that exact same floor plan that I rented in my last year as a renter (mid 2010 - mid 2011 lease) is now 41.9% higher than it was back then. The rental rates are sticky even despite the tax cut on social security tax going away. So, rental rates have increased on average by 10% a year since 2010. Now, I don't think that this type of annual rental increase is sustainable in the long run but at the same time rents show no signs of declining in upper tier apartment complexes, most likely driven by demand of tech workers. So why would house prices decrease since I am sure that most people have some type of annual rent ratio in their minds when they make buy vs rent decisions?

jojo says

Bigsby says

No, it isn't. The median list price is 829k.

http://www.redfin.com/county/345/CA/Santa-Clara-County

If you click the link it shows the pagw at the top of this thread. Sale prices are the only real measure. People can list at anything.

Oh right, Santa Clara, not the county. Don't you think 157 houses is a rather restricted range to set your price point from? Why not pick a larger catchment area for a more realistic picture?

jojo says

Ok. I will look for an escrow service.

No escrow in their right minds will take this on.
It's illegal betting.

jojo says

Strategist says

jojo says

Ok. I will look for an escrow service.

No escrow in their right minds will take this on.

It's illegal betting.

No one needs to know its a bet of any sort. We just need a third party.

Escrow needs a contract. How will they know who won?

Strategist says

jojo says

Strategist says

jojo says

Ok. I will look for an escrow service.

No escrow in their right minds will take this on.

It's illegal betting.

No one needs to know its a bet of any sort. We just need a third party.

Escrow needs a contract. How will they know who won?

Robber baron the banker will be glad to hold it - for ever.

Thats low information planning. So typical of you.
We declare war on Ukraine instead over unpaid loans with the indiginious ruskkies becoming collaterial damage.
lostand confused says

Does one really think we can declare war on Russia?

Call it Crazy says

Go back and ask the people in the 2007 to 2009 date ranges if they liked the 3% annual climb they had in prices....

Sure. But it's a question of whether we are more like 2004 or 2006.

Heraclitusstudent says

Call it Crazy says

Go back and ask the people in the 2007 to 2009 date ranges if they liked the 3% annual climb they had in prices....

Sure. But it's a question of whether we are more like 2004 or 2006.

Why does it have to be a boom or a bust?
It could be a slow moving boring market for years.

John Bailo says

Last time, he gathered up a few multicolored shirts (not far from t-shirts) at Macy's and with a few other things, cologne, it ended up being $600

Then perhaps you should take him shopping at WalMart instead.