patrick.net

Sylvie Says:

> Have you ever noticed how prices drop on commodities
> just before elections?

Yes

> GOP working it hard.

The Dems are also "working it hard" to stay in office...

Just before elections the GOP and Dems will work together to stay in power (since they agree on 90% of the stuff anyway) then after the election they start fighting over the last 10% again (where the GOP wants a cool new missile system or attack sub and the Dems want new programs to boost the self esteem of crack addicted gang members or gay third graders)...

Doug H,

As I've always said; I don't need to have the entire res. RE market crash! All I need is one hell of a deal to get me off the sidelines. Haven't seen one yet (but that desn't mean I'm not still looking).

When it comes to "idle complaining" I/we don't feel it's unreasonable to see:

1. De-reg. of universally accepted 6% comm.

2. Some semblance of underwriting standards.

3. The opening of MLS.

4. Appraisals that are accurate and honest.

5. Repeal of the "2 year get out of jail tax free card".

Typically it's buyers that set the prices. As they have no skin in the game and are in too many cases paying only partial payments they've been all too willing to bid prices up. Since after two years (yes, on "primary res.") they can walk away scot free they likely would have continued unabated.

When you really look at it, there's no real difference in fundamentals between this summer and last. (They were shaky then and they're shaky now) but there really hasn't been anything revealed in 2006 that we didn't already know in 2005? Well, the "re-set" looms ever closer and of course sales have fallen off a cliff and inventory has swelled beyond belief! These are all the results of market psychology (hell the Fed stopped with their penny ante rate "hikes" didn't they?)

I want to learn!

(I just want to learn, without getting burned!)

The failure of western people to adequately reproduce is the major issue the world will face. According to "Human Achievement", most of the major advances in civilization arise from 4-5 nations. And within those nations only very specific regions made the overwhelming contributions to science, business, arts, medicine,etc. But I disagree with the notion that Open Societies produce the most attractive people. Take Manhattan: largely unattractive people. Russia, eastern/central europe probably most attractive people.

new topic: Breeding the perfect CNBC reporter

SQT and others:

Too many times, from too many doctors and nurses, out comes the phrase –you must belong to the Women’s Club, ie–hysterical woman complaining about invisible pains and symptoms.

I agree, there's a real bias against women (as well as minorities) in medicine. I think this is changing, though. Especially when you consider across the US, more than 50% of med students are women now. Yes, it will take time to reflect in the number of practicing MD's, and yes, that fails to address any glass ceiling issues or more ingrained biases against female patients, but I really do believe change is occurring.

DinOR,

When it comes to “idle complaining” I/we don’t feel it’s unreasonable to see:

1. De-reg. of universally accepted 6% comm.
That is the case NOW. Commissions, nationwide avg 5.1%
On my last house, I negotiated a 4%, should conditions be met.
EVERYTHING is negotiable....everything. LOL
I've got some pet gripes about some builder spifs that I'd like to see addressed w/regulation.....gripes my butt when there's some backdoor stuff going on.

2. Some semblance of underwriting standards.
Not sure what you mean....help me?

3. The opening of MLS.
In what way? It's pretty much an open book once you have access, and that's easy to get.

4. Appraisals that are accurate and honest.
They are WAY too close to the deal and I agree with you about appraisers who submit to support the price instead of the other way around. What I do is, in the qualifying interview with the appraiser, let him know I will challenge his report and if he cannot defend it; he don't get paid....at least by me.

5. Repeal of the “2 year get out of jail tax free card”.
I'm not sure I follow you on this one....do you mean LTCG tax?

Appreciate the dialogue......