patrick.net

tatupu70 says

thomas.wong1986 says

In the BA, it only made sense between early to mid 90s. For many other parts of the nation after 2001, it didnt make any sense. Prices and their mortgages were all a bubble which were going to bite you back and hurt you financially.

Sure–they were during the bubble years. Many places are back down to reasonable levels now.

Oh Baby! you havent even seen anything yet...

APOCALYPSEFUCK says

Anyone, like Trump, who can comb over the hair from his back to cover his scalp is an authority on everything and deserves to be president of the USA forever.

How do we know his back isn't one great big clever wig?

a href="/post/657705#comment-729301">Vicente says

How many teen pregnancies did she prevent?

I think that there's a fair amount of teen boys who didn't sleep with her that count in that category.

@thunderlips

>"It’s because they (the commercial banks) were selling them to investment banks who in turn were bundling them into Mortgage Backed Securities and selling them on yet again to Pension Funds and other investors all over the world..."

Excellent-best comment this month in the Housing market Forum -
IMHO.

And what is a "reasonable levels now" and who gets to make that judgment?

No doubt, inquiring minds want to know.

thomas.wong1986 says

tatupu70 says

thomas.wong1986 says

In the BA, it only made sense between early to mid 90s. For many other parts of the nation after 2001, it didnt make any sense. Prices and their mortgages were all a bubble which were going to bite you back and hurt you financially.

Sure–they were during the bubble years. Many places are back down to reasonable levels now.

Oh Baby! you havent even seen anything yet…

The BA may not be one of those places.. That's why I said many and not all.

Thomas.Wong,
Why is the inflation line so linear? At a constant inflation rate, you would expect to see a lot of curvature over that number of years.

YesYNot says

Thomas.Wong,
Why is the inflation line so linear? At a constant inflation rate, you would expect to see a lot of curvature over that number of years.

Because it is what it is?

Why was housing so linear until the mid-late 80's?

OurBroker says

And what is a “reasonable levels now” and who gets to make that judgment?
No doubt, inquiring minds want to know.
Peter at OurBroker.com

I'm pretty sure most on this site would state that "reasonable levels" are prices in line with local incomes.

And apparently anyone with a keyboard, writting ability, or vocal cords gets to make that judgement. Probably others too, but I'm not so sure they could communicate their opinion.

She kept me from getting pregnant... AGAIN!

tatupu70 says

The BA may not be one of those places.. That’s why I said many and not all.

Which ones then? Your comment sounded more like a fingers-in-ears, prices-will-never-go-down-again bullspeak.

Why is this site obsessed with NAR's and the Government's price fixing and manipulation strategies, but could give a rats ass about the state of the Commodities market, or the government's lack of regulation on them across the board?

Tenouncetrout says

Why is this site obsessed with NAR’s and the Government’s price fixing and manipulation strategies, but could give a rats ass about the state of the Commodities market, or the government’s lack of regulation on them across the board?

Because this is a housing site?

Phoenix/Scottsdale will likely bottom sooner than DC/NYC and cities in CA, but that "report" is pretty pathetic. Listing and sales $/sqft are at their lowest points. Inventory isn't substantially low, and sales volume is pretty weak. Funnier even that sales now are about where they were two years ago (before the tax credit's surge in sales occurred), but prices are roughly 10%-20% lower. Fundamental economics, decreasing prices should result in increased demand.

Why do people spend so much time putting together bogus reports like that? Does it really translate into increased business and commission? If so, does conning people keep them from sleeping at night?

klarek says

tatupu70 says

The BA may not be one of those places.. That’s why I said many and not all.

Which ones then? Your comment sounded more like a fingers-in-ears, prices-will-never-go-down-again bullspeak.

Huh? Most of the rest of the US. I think you're the one with your head in the sand...

http://www.inman.com/news/2011/01/24/cheaper-buy-rent-in-72-largest-us-cities

Trump still hasn't proven HE was born in the United States.
.
.
.
.
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This is awesome! Nothing like a gazillionaire suddenly claiming to be an average joe Tea Party member. This is pure epic win!

Even his name lends itself to great Democrat slogan-erring:

Dump the Trump!
Trump's a Chump!
Trump = Economic Slump!
Trump, Dumb As A Donkey Rump!

Edit: This thread gets a Thumbs Up! I admire Shrekgrinch for sticking to his guns on this issue. He's not a quitter!

tatupu70 says

Huh? Most of the rest of the US. I think you’re the one with your head in the sand…

http://www.inman.com/news/2011/01/24/cheaper-buy-rent-in-72-largest-us-cities

An inman article referencing trulia. That's hilarious.

klarek says

tatupu70 says

Huh? Most of the rest of the US. I think you’re the one with your head in the sand…
http://www.inman.com/news/2011/01/24/cheaper-buy-rent-in-72-largest-us-cities

An inman article referencing trulia. That’s hilarious.

Would you like other data? Do you disagree with the findings?

The US price/rent ratio is 10.42

tatupu70 says

Would you like other data? Do you disagree with the findings?

The findings are based only on the median price of 2BR apartments/townhomes/condos on their site. That's not a disagreement with their data, but a disagreement with their conclusion that "it is cheaper to buy a home rather than rent one", and with their methodology.

Beyond that, inman and trulia are home ownership puffery outlets. You can find better data if you're not looking through your bullish blinders.

http://www.deptofnumbers.com/affordability/

Not many cities within the inman/trulia report's top ten have crossed the rent/own break-even threshold, let alone 72 percent of 50.

I'm not a "birther" (like Clarence), but I find it interesting that Trump recently stated that Obama has spent over $2 million in legal fees to fight the "birther" thingy. The Donald asked the question: "if there is nothing there, why would you spend $2 million?" Very interesting question.

RayAmerica says

//// but I find it interesting that Trump recently stated that Obama has spent over $2 million in legal fees to fight the “birther” thingy. The Donald asked the question: .... Very interesting question.

Man Glenn Beck has certainly left his mark on this debate. Your assumed parody sounds remarkably like a favorite Birther tactic to appear reasonable, "Even though I've been talking about this for an hour now, it's really a non-issue. But we should all keep asking questions...."

I'm definitely not saying that Glenn Beck raped and murdered a young girl in 1990. But isn't it INTERESTING how much energy he spends denying it. Why doesn't he just PROVE where he was for every second of 1990? It is a very interesting QUESTION.

Inman's heading:

Cheaper to buy than to rent in 72% of largest U.S. cities

and opening paragraph:

Despite the rising number of renters across the country, it is cheaper to buy a home rather than rent one in 72 percent of the 50 largest cities in the U.S., according to an index released by real estate search and marketing site Trulia.

For emphasis:

—–
Trulia’s rent vs. buy index compares the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of Jan. 10, 2011.
—–

You have no objections to the lies flung around by two sites with a reputation of bullshit propaganda, but are still holding the impetus on me to prove them wrong after I already did. Unbelievable.

OMG reminds me of Talk Soup. Man what a fake smile though.

"Bristol says if even one girl is prevented from getting pregnant, I will feel a sense of accomplishment."

Not a very good bang for the buck.

I think I could achieve much better results with $262K. I would spend the first $100K on a kickass party with a band and everything. Condoms will be passed out of course.

Then I'd spend the other $162K on sex education including hospital tours where all the youngsters have to watch a live birth. Although this might not be as much a deterrent as you think. Some girls get so misty-eyed over babies that even seeing all the bloody reality is washed away by LOOK AT THE BABY! Might work a bit better for boys. Perhaps show them "here's your job at the gas station, where you will spend your youth paying for knocking her up".

What ever happened to Levi? I remember seeing him up on stage at the GOP Convention. Senator McCain should have had a military recruter talk with this guy. Levi could have joined the Army, married Bristol, and mother and child would have been taken care of.

Seems to me that Levi made some statements about being a bad ass red neck. Fighting in Afghanistan would given him an outlet.

Vicente says

I’m definitely not saying that Glenn Beck raped and murdered a young girl in 1990. But isn’t it INTERESTING how much energy he spends denying it. Why doesn’t he just PROVE where he was for every second of 1990? It is a very interesting QUESTION.

Glen Beck also spent lots of money (presumably in the millions) trying to silence this question. He even went crying to un-American international courts. And get this poor Beck lost the court battle…

…Hmmm… now I am not saying that he raped and murder that girl in 1990 (he probably did not), but he refuses to answer the question, then looses the court case trying to silence the question…

…Hmmm… makes the question more interesting.

it's already April and prices in our area are going down.

But I totally forgot that Susan researched it to the opposite.

RayAmerica says

I’m not a “bither” (like Clarence), but I find it interesting that Trump recently stated that Obama has spent over $2 million in legal fees to fight the “birther” thingy. The Donald asked the question: “if there is nothing there, why would you spend $2 million?” Very interesting question.

Because in this country people can sue others for any reason they want.

I have a question: Why has Obama been winning all the birther lawsuits? ...Hmmm... yes... interesting...

Yeah well the Commodity market players are humping your dinner plate, gas tank, the bread box, and your refrigerator. Like the Robot Chicken washing machine humping robot. While the Fed dims the lights, and pours the wine.

The Donald is now sending PI's to Hawaii to investigate Obama's birth.

Wow, nobody thought of that before?

Strange he didn't hire famous Thomas Magnum P.I., he's a known Obama critic.

http://politicalticker.blogs.cnn.com/2011/04/07/trump-sends-investigators-to-hawaii-to-look-into-obama/

Ok first, this thread is driving me nuts... bunch of little old ladies bickering about the real color of apples and oranges... jeesh.

Klarek, Im not sure where you live, but in Walnut Creek, (Bay area) I just checked CL and saw the following:
3 bedroom rentals range: 1450-6100
2 bedroom rentals range: 1000-1900

The point being, especially in the bay area, these micro climates in prices have NO reflect on prices outside of these areas. The data is absolutely mind boggling to come up with any one conclusion. Some house around the corner from me just sold for $800k, I see they are doing some renovations already assuming kitchen and some others items ($100k). People have the money for these places, they are not going away. I have been hearing and reading for the past 2+ years... its crappy, going down hill, bottom is coming..... I have yet to see anything but a flat line at least in my "micro climate" of real estate. And I only pay attention to whats in my immediate area. I could care less about Brentwood and Milpitas, San Mateo, etc. These have no real effect on my house value. (at least what I have seen to make me any more worried)

He should make a new show: "Apprentice: Hawaiian PI". Imagine all of these doofus MBAs running around the Hawaiian government archives on missiions to "prove" Obama isn't American. The show would be fucking hilarious!

Up the antics and do a "Celebrity Apprentice" version. Have Dog The Bounty Hunter lead a group of burnout celebrities around Hawaii trying to dig up dirt on the President. The ideal cast:

Charlie Sheen - obligatory drug addict
The Koran burning Florida Pastor - to prove Obama is a Muslim and to burn the birth certificate!
Tom DeLay - for the dancing competition!
Orly Taitz - the Birther Queen herself!
Big Bird - famous Muppet Birther!
Stephen Colbert
Joe Farah - Editor of WorldNetDaily and mustachioed conspiracy theorist extraordinairre!

Vicente says

Strange he didn’t hire famous Thomas Magnum P.I., he’s a known Obama critic.

I would be appropriate for a man who lives in a self deluded fantasy world to hire a fictional detective. Oh yeah, and also be a tea bagger.

Forced to face a little reality Trump did lose his defamation suit against the reporter that called him a mere-millionaire.
http://www.msnbc.msn.com/id/30813448/ns/business-us_business/

I think this is an opening for a re-imagined Magnum P.I.

Donald Trump as the off-screen Robin Masters?
Charlie Sheen as Thomas Magnum
Higgins?

Who would play all the buddies?

http://www.smartmoney.com/personal-finance/real-estate/buyers-shun-new-homes-1301521568482/

one thing for sure, and that is 2011 is a terrible time to buy.

shrekgrinch says

leoj707 says

I have a question: Why has Obama been winning all the birther lawsuits? …Hmmm… yes… interesting…

Because it takes a vote of four SCs to hear the case and they won’t. It will be a big mess that they would rather not deal with, as both Clarence Thomas and Antonin Scalia have said publicly.

Thanks that makes perfect sense. Oh… wait… no, that is total bullshit.

A brief history of the failed legal struggle fueled by tea bagging fantasies:
http://en.wikipedia.org/wiki/Barack_Obama_citizenship_conspiracy_theories

Federal Courts

Berg v. Obama
United States Court of Appeals for the Third Circuit affirmed the district court's ruling that Berg lacked standing.

Kerchner v. Obama
Supreme Court declined, without comment, to hear the case.

Barnett v. Obama
At a hearing … …Carter… …he dismissed the case. The case is currently pending in the United States Court of Appeals for the Ninth Circuit.

Hollister v. Soetoro
U.S. Supreme Court declined, without comment, to hear the case.

Cook v. Good
Cook's case was dismissed as moot

Rhodes v. Macdonald
U.S. Supreme Court declined, without comment, to hear the case.

State Courts

Martin v. Lingle
The court denied Martin's petition

Donofrio v. Wells
the case reached the United States Supreme Court on December 8, 2008, the Court declined without comment to hear the case.

Wrotnowski v. Bysiewicz
The suit was dismissed after initial hearings.

Keyes v. Bowen
The California Supreme Court declined, without comment, to review the case on February 2, 2011.

Ankeny v. Governor of the State of Indiana
Governor's motion to dismiss was granted. The Plaintiffs appealed the ruling to the Indiana Court of Appeals, which upheld it on November 12, 2009.

Indictment attempts using "citizen grand juries"
Chief Judge Royce C. Lamberth of the United States District Court for the District of Columbia rejected the "indictment" on July 2.

2007 and before= great time to buy.
2007 = great time to buy.
2008 = great time to buy.
......
2011 = great time to buy.

It's always good time to buy

:)

I think all reasonable people, regardless of their political persuasion, would have to agree that even Donald Trump would be far better than Obama at this point. Obama is a complete disaster. 2012 can't come soon enough (even though I'll be 2 years older).

Isn't Trump the one who thinks cheating people on real estate deals is brilliant basis for foreign policy?

RayAmerica says

I think all reasonable people, regardless of their political persuasion, would have to agree that even Donald Trump would be far better than Obama at this point. Obama is a complete disaster. 2012 can’t come soon enough (even though I’ll be 2 years older).

Only people that don't know Trump beyond his marketed image.

George W. was a disaster, Obama has just been a disappointment.

At least W. does not brag about cheating people in business deals.

Klingons would make great Realtors. " DaHjaj 'oH QaQ jaj Daq tlhong!"