patrick.net

@theotherside

You will no longer be welcome on my threads (I cannot speak for other authors though I encourage them to consider my position). This will remain true until such time as you do any one of the following:

* Follow through on past commitments. For example, if you say a model is flawed, and you'll prove it then prove it. Simply crying the model is too complex for you is not sufficient (or sufficiently entertaining).

* Apologize for having purposefully trolled. We don't need to pull up all those "looky here! sold with 6 offers for $280K over asking!!!" postings, do we?

* Apologize for continually insulting people here and admit that you were wrong about much of what you kept insisting for so long. Really, it won't hurt that much. Everyone else here has admitted to being wrong about stuff, myself included. It's liberating, really.

* Tell us who you are so we can verify the (sometimes outrageous) claims you've made. You have zero credibility right now because we can't trust anything you say. Although we could have gone a long way towards finding out who you really were any time, we respect your privacy so long as you respect this forum. At this point you're just abusing our "we don't censor trolls anymore" policy. I'm willing to make an exception in your case if you don't try to cooperate.

new thread

TOS, while I am 180 degrees in opposition to your points of view, I feel that you are treated quite harshly here. I happen to respect people that stick to their beliefs in the face of adversity.

I happen to think in a normal, traditionally valued market your points on the long term benefits of owning a home are correct, but have always disagreed with you on the current timing. In many markets the last year has proved that holding off when the fundamentals don't justify the purchase decision is far more beneficial in the long term. Someone who would have listened you you just 6 months ago would be facing a financial disaster now. Even if someone purchased now the benefit of waiting that 6 months would be significant, and the trend is clearly going to continue for a couple of more years even by the most optimistic predictions.

Lost Cause Says:
August 11th, 2007 at 3:55 pm
"Does anybody really think this injection of liquidity will make people buy the now worthless finacial products formerly so popular? Hahahahaha…"

Actually my take on it is now the government has done just that. Basically they have pumped money into banks to keep cash reserves up because the banks' lending ability is locked into paper which is becoming worthless. This is a patch, but I think I will add to my prediction that we will see the fed forgive these additional lines which will be converted from fed loans to basically grants.

Randy, maybe a thread discussing whether this liquidity infusion is actually a masked bailout might be fun. There are all kinds of tangents that could lead off to.

@Malcolm

theotherside has been very disingenuous. If you search back through the threads you'll find that she incited every fight with insults and other trolldom.

She also pissed off a bunch of people and drove away a few regulars when she began abusing our no-filtering of trolls policy by spamming us with the same listing for month after month.

She definitely backed herself into a corner with her 'houses are an absolutely good investment, and are always a safe bet point of view' but never struck me as particularly nasty or malicious. I think she is just really misguided, and I do agree with you that there is a hidden motive of either self preservation, or industry cheerleading at work there.

My experience is that when people act like that it is from a bruised ego, and I tend to try to guide them to my side rather than rub it in especially when you have the upper hand of clearly being superior to her in your sound points of view.