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Houseowners Who Won’t Cut the Price


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2008 Mar 25, 11:20pm   34,002 views  271 comments

by Randy H   ➕follow (0)   💰tip   ignore  

case shiller

It's been quite a while since I authored any threads. I've been very busy lately and have fallen behind on most of my blogging. Damned need to make a living!

Anyway, I thought some of you might find this NYT article today interesting: Be It Ever So Illogical: Homeowners Who Won’t Cut the Price

--Randy H

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259   OO   2008 Mar 27, 2:26pm  

I somehow feel that the h3 number will cease to be published very soon...

260   Peter P   2008 Mar 27, 2:44pm  

justme, you can certainly try.

Perhaps you will be buying carbon credits from me someday. ;)

261   SP   2008 Mar 27, 3:44pm  

northernvirginiarenter Says:
Statewide, median sales prices fell by a stunning 26% from year-ago levels in February, with home prices dropping at a rate of nearly $3,000 a week

$3000 a week - nice way of looking at it. I suddenly have an urge to call my friend, the JBO (tm) (Jealous Broke Owner)

262   SP   2008 Mar 27, 3:45pm  

StuckInBA Says:
To mitigate the risk of lending, 25% dp is now required for buying in the “fortress”.

Excuse my French, but this means that the “Fortress is f*cked”.

F*cked doesn't quite describe it. You could say the Fortress is DP'd.

263   SP   2008 Mar 27, 4:13pm  

DennisN Says:
It’s really sad about agriculture in Santa Clara county. What was once the nation’s premier orchard fruit producer has been paved over

Testify, brotha! I am a curious sort of chap, and soon after I bought my house I was driven by an urge to learn the history of the area. I found that this tract and a few others surrounding it used to be one of the world's largest apricot farms. Now the place is full of arseholes and SUVs and shitboxes...

264   justme   2008 Mar 27, 4:30pm  

Peter P,

>>justme, you can certainly try.

Try what? Make you believe in the obvious? I have long since given up on that. I'm just responding to preserve some sense of balance and rationality, in case there are impressionable youngsters listening in.

>>Perhaps you will be buying carbon credits from me someday. ;)

About carbon credits: What a scam. This is yet another example of private corporations worldwide being rewarded for their wastefulness. Carbon credits means they are now given the right to privately TAX (yes TAX) everyone who was not previously wasteful enough or powerful enough to be given a quota on their own. Carbon quotas will pretty much ensure that carbon emissions stay high. I can see it now, some dickhead from the WSJ
will advocate burning off excess quotas rather than selling at less than the wishing price (I hope you see the analogy here).

Net result: just as much CO2, only now you have to pay for it.

What is needed is an across-the-board public carbon tax on all carbon-emitting activities. Kind of like a flat carbon tax -- that ought to play well ;->.

265   DennisN   2008 Mar 27, 5:59pm  

SP,
There hasn't been many historical works published on SC country, but try the library for Stephen Payne's 1987 book "Santa Clara County - Harvest of Change." The older history is well presented although there is needless chamber-of-commerce boosterism once you get past the 1950's. In particular the evil caused by political boss AP "Dutch" Hamann is glossed over.

266   surfer-x   2008 Mar 27, 6:36pm  

Isn’t he the guy that bought a house recently at the peak of the market?

Nope, shaved 30% right the fuck off the top, even with current down, we're still good. We didn't buy for investment, rather a place to live. Takes 1/3 of take home pay. Not too bad, wife doesn't work. And have cash left over for sushi.

Hey man 0% down, CalHfa.

267   lunarpark   2008 Mar 27, 11:33pm  

http://www.mercurynews.com/ci_8726073

Scant loan relief in valley
NEW MORTGAGE LIMITS, NOT-MUCH-LOWER RATES

268   DinOR   2008 Mar 27, 11:46pm  

"How many different trailer parks have you lived in?"

Jimbo, ....I think you could be missing the point. My dad owned his own business. They made laminate counter tops in Chicago. Some years were good, others were lean. Even though my dad was 2nd generation (he might as well have been fresh-off-the-boat)

When other kids were splurging at record shops or wherever, I would walk in, feign interest, and quickly wait outside. Even when I was old enough to date my father urged (pffftt, insisted) that "throwing money around" attracts the wrong kind of women.

It's a million little things that I'm still trying to understand but no, you needn't have been evicted to have been "brought up poor". IMHO

269   Peter P   2008 Mar 28, 2:52am  

What is needed is an across-the-board public carbon tax on all carbon-emitting activities.

More tax?

I may consider it if you agree to also levying a carbon tax on all new born children anywhere in the world.

270   justme   2008 Mar 28, 1:56pm  

Peter P,

I think it would be enough to tax the children's carbon usage, just like anyone else's. I would prefer to keep it simple. No need to make up complex rules that ties into other activities. That is how we end up with the US tax system.

271   Peter P   2008 Mar 28, 3:52pm  

No, I think Birth Tax has more simplicity. It is the carbon tax equivalent of flat tax. :)

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