patrick.net

"We're planning on starting a family someday," says the 30-year-old Young, who builds simulation software for a defense contractor. "We wanted a bigger home - with a pool."

The new house cost $562,000 so they were really counting on profits from the old place to help. They had paid $167,000 for their current four bedroom, two-and-a-half bath, 2,861 square foot contemporary that they bought new, on the last day of 2002.

i see, this 30 year old is 'planning on starting a family someday' (nothing happening yet), so he, right now, needs a much bigger house than his current 4 br, 2½ bathroom mcmansion, one that costs 4 x his original house. you see, each and every new infant will require at least 3 bedrooms to spread out in... that's assuming he survives the economic darwinism test first... what a wanker...

DS:

Culture often comes from the top of an organization, and works its way downward. Maybe it's just a case of "like hires like", but it's a very real phenomena. An administration that is interested only in profits and playing soldier is not going to be effective on the domestic front.

At the root of the issues most have with "big business" and others have with "big government" is usually corruption. That makes it easy for defenders on either side to say "it's only a few bad apples, the system itself is fine". (Or is that used only for communism?)

Hence, regulations, the bandaid solution. It means that we don't /need/ to punish the guilty, because now there's a Regulation. Eventually, enough regulations add up that people can say "look at how much all these unnecessary regulations are costing us", and then deregulation happens. (Wonders when SNL will run their old "we're the phone company" skit again.)

The solution to regulation is proper enforcement of existing laws, which mean tackling corruption on the government side. My suspicion is that this is best done by placing competing interests in a position to police each other. (Wait... isn't that a recipe for gridlock?)

Why do dangerous and oppressive regimes like Musharef in Pakistan, the Saudi royals and Putin get a pass from the MSM?

a) Threat of escalation of nuclear war over Kashmir.
b) Threat of loss of 90% of Europe's and Japan's crude, probably resulting in very unfavorable results.
c) How can you threaten Russia, the only nuclear, modern military with largely self-sufficient resources other than the US? Didn't that scenario already play out the last half of the past century?

I don't think Bush's cronies are dumb, or amateurs. To the contrary. I think they are overconfident professionals who've lost touch of pragmatic reality. Most of their strategy looks stellar on paper. Just doesn't work out so well in practice.

Is Farsi that ambiguous?

i dunno. i had dinner with two iranian women tonight, i'll ask them ;)

Re: Young & Ballanco

I wonder who took the photos for the article? The way he included the backyard fencing and neighbor's house in the koi pond pic, and the way the garage snout blocks out the front entrance just makes the place look oh-so-appetizing.

DS and requiem,

So true! Reading that article, especially with that smarmy "couples" shot of the two of them, it seemed like a weird cross between a real estate add and one of those Jerry's kids telethon-like pleas for help.

they both need a good slapping....

Randy,

There are choices beyond Hillary (Lieberman Lite and way too polarizing, her alleged suitability mainly pushed by the DNC and GOP operatives) and McCain (sold out in 2004, too old). I’m actually quite hopeful about the long term prospect of the Democratic Party. They’re working to build grass root organizations and pushing for a lot of moderate well intended people into office. I like Mark Warner for ’08 so far, but I’m open to any pragmatic results-oriented Progressive who hasn’t yet sold out.

I’m with Glen on this. Different countries will produce different kinds of leaders. Sometimes there will be a significant deviation towards the good (TR and FDR) and sometimes there will be deviations towards the awful (Pol Pot). Iran and Venezuela has a pair of poor leaders, but Bush is a standard deviation further out on the wrong side than those two. Furthermore, as a leader of a far larger and much more powerful country, he is capable of doing much more damage.

"Talk about deer in the headlights"

skibum, you mean putting a koi pond with a little Japanese style bridge leading to a 12 sq. ft. area where the fences meet in the corner of your lot DON'T "add vale"?

I love this stuff! Let's keep it coming. Sellers were SO abusive on the way up, let's see how well they handle the downturn. Paul McCulley (PIMCO) was just on CNBC and seemed to feel we could see rates trending down as early a Q1/07? Whatever. It should be obvious now that there will be sellers pain. They know that. It's unavoidable. Rate reductions in 07 will be too little too late for many FB's.

SQT,

Considering that the Japanese had been voting the same (increasingly corrupt) LDP into power for 50 years and its PMs still visit a racist shrine every year, I’d say that’s the kettle calling the pot black. I think you were also there when there were some wrangling over US bases in Japan.

SFWoman,

Great article. I don't know what's with young people nowadays. If you want to have kids you should be: living as frugally as possible, upgrade your job skills as much as you can and save as much money as possible. Not buy a McMansion you can't really afford on for the non-existent infants.

let's see some pics of their new $562,000 place, poor little saps... i think they probably traded up to something like this to get the pool and extra rooms for the nonexistent urchins...

For most FB's (fascinating pol. discussion btw) it boils down to DTI and appraisal value. Some might have enough income (but not the "right" appraisal) others will have the appraisal (but simply not enough income) to support ANY further debt. Cash out? Forget it.

So when the F A N T A S Y is over and the re-sets and attendant damage control PPT measures are implemented just who is it exactly they will be saving? Who was it that described it like a neutron bomb? The houses will be left standing but all the people will be dead.

DinOR,

Yeah, that koi pond really gives one a sense of zen serenity...as you meditate in front of your neighbor's McMansion! Did you read that other link I posted a bit earlier? Just as bad.

Anyhow, what kind of family were these people planning to start, so that it can't housed in a 2,861 sqft home? The wife has got to be close to 30, so she's only got 10 good breeding years even if she starts now.

iranians are sharp, sophisticated, and excellent chess players...

Bush is a history major from Yale, I believe. Did Yale teach him anything about the definition of a sovereign nation? Oh, I forogt I saw a footage on youtube when he was struggling to explain what a sovereign entity was to a panel.

Perhaps in Bush's mind, the US of A is the only sovereign nation on earth, oh I stand corrected, the Bush admin is the only sovereign admin on earth, we the people of US of A are his subjects.

I don't really care what Ahmadinejad said in the UN. At worst, Ahmadinejad is openly stating his long standing position on Israel and using the speech to shore up his domestic stature. Iran is a long distance away from Israel and Israel is in no real danger of extermination.

The Iranian regime is also plenty oppressive to its Muslim citizenry. Young women are still being killed for premarital sex, even when that premarital sex was coerced or outright rape.

But what I mainly care about is what Iran is doing with nuclear program. Unfortunately, the news there is also quite bad.

skibum,

You're kidding right? Of course I read it and I'll go you one better!

"Home Buyers Getting Pushy" should be the sub-title to patrick.net!

(You know that is one way Patrick could generate some revenue)

Unlike most RE guru programs and seminars that cost thousands and are the product of ONE mind; get the collective bargaining skills from thousands for ONE DOLLAR! (Click Here for Ultimate House Buying Bargaining Skills Now!)

So this might be an acceptable time to voice my long held opinion that the world would be a better place if the Jews were given a small Latin American country as a homeland instead of Israel.

Speaking of excellent chess players, I think Musharef just declared "checkmate" on Bush. Very clever.

In 2001, Musharef was a pariah. He had overthrown a democratic regime in a military coup. He was potentially a danger to India. Etc. The world community condemned the coup and sanctions were in place on Pakistan. Then 9/11 happened and Bush decided he needed to strong-arm Musharef for help in the "war on terror." Musharef goes along with it publicly, without mentioning the Bush bullying tactics. Bush makes public appearances with Musharef and gives him an implicit endorsement.

Bush was hoping to be discreet about his strong-arm tactics. But by now, five years later, the whole world knows that the Bush admin. is a bunch of bullies. After securing Bush's public support, Musharef chooses to make a very public statement (true or not--probably true) about Bush's backroom bullying. Now Bush needs to backpedal.

It is very hard for Bush to deny Musharef's accusation because Bush has very little credibility--especially when it comes to being a bully. But if Bush admits it, then he just further shows that he is every bit as much of a bully as everyone already thinks he is.

That koi pond article is priceless, by the way.

George,

I only saw the ad once but if ever there was a person that embodied all things boomer Dennis Hopper is it! From a free spirit in "Easy Rider" to corporate sell-out (combined with much drugs and random sexual partners he's the perfect pitch-man for Ameriprise!)

Wow, UN speeches, foreign translations, Presidential comparisons, petro-dollar diplomacy and nuclear proliferation. We're all over the topic map today!

This just about summed it up for me:
We are living in a time with absolutely no leaders. That’s the real problem.

I have yet to see one "likely" Presidential candidate for '08 that has real character and I would actually want to vote for (which is pretty much the true aim of our Beloved Two-Party system I suppose). Hillary has zero credibility thanks to caving/pandering on Iraq, BK bill, Patriot Act, etc. McCain? Much the same --plus shilling for the guy who smeared his reputation in '00. Perhaps Badnarik or Feingold will consider running. of course if they do, they'll probably get swift-boated if the polls show either has a chance of winning.

Yeah, I know, not very popular. Half of my friends are Jews, so I usually keep that particular opinion quiet. But come on, the Brits who gave Palestine to the Jews never expected them to survive more than a year or two and certainly never expected them to become the focal point of Middleeastern conflict for the past 60 years.

I think if the Brits gave and the Jews accepted some piece of lush, sparsely populated (which Palestine certainly was not) hunk of land in the new world, the Jews would have done great things to it and there would be no need to continuously fight the same old wars with the same old enemies.

@George,

I hear you loud & clear, buddy! Maybe in 20 years we'll be seeing ads about how Boomers are "redefining death".

It's a shame though that no one's told Ameriprise that boomer is in effect........ broke. Maybe they should have done a little research before launching expensive (and repulsive) ad campaigns.

I for one intend to continue to live my life in the same sensible and boring fashion with which I have always lead it. I'm O.K with shuffleboard. Hell I might even throw caution to the wind and sign up for ballroom dancing classes but I AM NOT going rock climbing, base jumping or cross country cycling with the like of you Dennis! Sorry.

HARM,

Someone here had a great article that exposed all of this much vaunted "boomer wealth" as nothing more than an urban myth. Does anyone recall the source? I think it actually came from the GAO or DOL or other gub'mental agency? It may be almost as invaluable as the "boomer death clock".

One thing is for sure. Don't look for me to bail out any FB's (regardless of age!).

SFWoman,

I am not ideological, and I am always willing to incorporate new information into my opinions.

I simply want to know why the German media -- not particularly friendly to the US hegemony of late -- seems to be "mistranslating" Iran's Farsi language output worse than we are.

If you can answer that, I am more willing to believe there is some kind of systematic, Orwellian phenomenon afoot. I also have questions vis-a-vis Farsi-Russian translations, but since I don't speak or read Russian and the info comes from my Sister-in-law, who is a native Russian, I except that as second-hand.

SFWoman,

That proposal does have a wonder symmetry to it. I guess my point was that I don't understand what the Zionists were thinking, when they thought eeking out a living in a slim strip of parched desert land amid hostile neighbors was conducive to long term security.

NO HILLARY. Hillary is the only candidate out there I consider worse than Bush. I would rather have a Bush 3rd term than Hillary the uberbitch.

People with real talent and vision do not go into politics. You need to look outside the pool of professional politicians.

Someone like Jack Welch may have the brains, determination and moxie to be a half-decent president. I don't know his politics, but I admire his toughness and executive abilities. (Yes, I know, he was scandalously overpaid. But he also built a lot of great businesses and made a lot of money for his shareholders.)

speedingpullet,

You might want to pull the left of Stalin quote. Stalin is not a leftist, certainly not in 1927 Russia. That prize, as always, goes to Trotsky.

Hillary is the only candidate that will get all GOPs, conservatives and perhaps some democrats themselves on an united opposing front again. Any other candidate from the democrats may persuade the GOPs to stay home on the voting day.

I don't think Hillary would be a particularly bad president. She's shrewd and capable, as her senate record thus far indicates. She's just too compromised as a candidate from both the left and the right, and she appears to have no moral convictions or vision of her own.

I have always thought that Germany should have given a LARGE chunk of its territory to the Jews after WWII. Even that wouldn’t have repaid them for the atrocities committed against them, but it would have been, not just, but sort of right. Any German who complained about being displaced, well…

Hmmm. We're championing ethnic cleansing based upon historical atrocities now, are we? Does that include "The Trail of Tears"? Manifest Destiny? Don't forget those wonderful ethnic migrations at the barrel of a Russian gun. Oh, and shall we go back to Imperial Europe? I think there are entire volumes on that subject (and one regular here who I'll bet can recite them from rote).

Someone here had a great article that exposed all of this much vaunted “boomer wealth” as nothing more than an urban myth. Does anyone recall the source?

DinOR,

I don't recall that exact article, but here are some related links that might be useful:
http://globaleconomicanalysis.blogspot.com/2006/01/baby-boomer-time-bombs.html
http://www.forbes.com/businesswire/feeds/businesswire/2005/11/15/businesswire20051115005619r1.html
http://www.efficientfrontier.com/ef/103/hell4.htm

Rumors in the MSM suggested recently that Hillary may not want to run for Pres anyway - her prize may be "first female Senate majority leader." Sorry i don't have the source at hand.

Either way, the dems are screwed. They have no apparent party leadership, direction, or message. I'll plan to go back to voting republican if and when they ever free themselves from the death grip of the religious right and stop spending like there's no tomorrow.

Astrid,

That proposal does have a wonder symmetry to it.

Sure, if you choose to ignore the complicity of about 15 other nations, especially Russia. I'm thinking that the Nuremberg solution wasn't so hastily planned in context after all.

astrid

..point taken (LOL)...Trotsky it is. Lets hope I have better luck with icepicks!

I suppose what I was trying to say, so awkwardly ,was that I realise I represent a very small percentage of potential voters, as I believe in socia-list dreams like cheap affordable housing for the masses, free or almost free universal healthcare and income taxed tiered to income, etc....in other words, anathema for many Americans.

And as Glen says, anybody who actively seeks the political life is deeply suspect.
BTW: has anyone else seen the new Robin Williams trailer, for the comedian who runs for President. No doubt, it will turn out to be a mare, but its an interesting premise.