patrick.net

Rushbot.1986 says

very relevant since the bubble started a few years before year 2000..

up 100% from 1998 to 2000.. and some today would say it was based

on sound fundamentals... like inflated stock bubbles.. which we know

today isnt rational at all. Of course no one would pay $300 for yahoo stock

or $600 for Ariba stock today.. so the employees can rush out to buy a home in

Fremont ? Right !!!!

Irrelevant. Non sequitur. Try again.

Open book quiz. Feel free to use the chart above, posted by egads.

1. What was the average price per square foot for properties in Fremont, CA in mid 2010?

2. What was the average price per square foot for properties in Fremont, CA, at the beginning of 2012?

3. Which was lower?

egads101 says

Home loser is a small pathetic geek engineer who never gets laid. This type of stuff is all he will ever have, to try to compensate!

Wow, really? This is the best you can bring to the table to disprove what I said about home prices in Fremont? Sad.

Seriously - you ought to consider an anger management course, and maybe some kind of medication.

egads101 says

Open book quiz:

WHO said the comparison was between the peak of one year, and the bottom of the other?

I told you how far prices fell. If you have another way to measure how far prices fell besides from the peak to the bottom, please let us know. LOL. Prices fell; you can't cherry-pick it away.

egads101 says

The question was between 2010 and 2011, generally. And on average, over those two years, it looks to me like the difference is maybe $10 a square foot.

I think you need to get your glasses prescription updated.

You get an F on the quiz. Here's your make-up exam:

Using the chart posted by egads above, answer the following questions:

1. What was the average price per square foot for properties in Fremont, CA in mid 2010?

2. What was the average price per square foot for properties in Fremont, CA, at the beginning of 2012?

3. Which was lower?

egads101 says

Homesuck I still make more in rent, sitting on my ass then you do in paychecks each month. I started with absolutely nothing, and accomplished this all alone from work and intelligence. Good luck ever equalling it!

Irrelevant.

egads101 says

So, our little pedantic jackass loser has once again, tried to change the discussion into something it never was... and showed his dishonest and pathetic stripes all the more.

Irrelevant.

egads101 says

I started with absolutely nothing, and accomplished this all alone from work and intelligence.

You already admitted you had $400,000 in cash before you even started the 13 property acquisition. And I'm guessing you either had a lot more than that, or you're bullshitting about your experience with California real estate, because you sure as hell didn't get 13 properties for $30,000 each in California.

What's really pathetic is that you don't even seem to have a clue what a rich spoiled asshole you are. Most people don't come across that kind of money in their LIFE, let alone have that much to play around with in a 2 or 3 year span.

Homeboy says

You already admitted you had $400,000 in cash before you even started the 13 property acquisition. And I'm guessing you either had a lot more than that, or you're bullshitting about your experience with California real estate, because you sure as hell didn't get 13 properties for $30,000 each in California.

What's really pathetic is that you don't even seem to have a clue what a rich spoiled asshole you are. Most people don't come across that kind of money in their LIFE, let alone have that much to play around with in a 2 or 3 year span.

It's on the internet, so it must be true.

If you had tons of money, would you spend all day trolling message boards? Maybe no one wants to spend time with Bobby. Who would want to spend time with an egomaniac?

Based on Bobby's childish behavior, I would imagine he is extremely lonely and desperate for attention, anywhere he can find it.

Angry. Delusional. Antisocial. Egocentric. Confrontational. Yeah, that sounds like the qualities of someone with a lot of friends...

Wow, this just keeps getting better and better. Now that I learned that egads is the artist formerly known as Roberto Aribas, I see that he is ALSO listed in the TOP TROLLS thread.

Congrats on both of you Roberto and Bigsby, on your excellent trolling.

egads101 says

Well, if a cuban immigrant, who grew up on free school lunches, and food stamps, while his mother worked as a janitor can do it, why the fuck are you still such a loser? I'll bet 1000 to 1, you had a much higher launching pad than me; I'll be you never bailed hay or did construction work to pay your bills while in college! Where you the very first person in your entire family to get a college degree???

You only made it because of THE UNPRECEDENTED REAL ESTATE BUBBLE .. had this been the normal course of RE market as we had for decades.. you would not be making such claims of success.

The same is true for some tech people late 90s who had enough stock options cashed at in the peak stock tech bubble they retired from work permanently. Many many others didnt see that as some gave away their life savings at the peak of the bubble.

So no ... you are not successful as you claim. You did not from scratch make a successful business. You were just lucky being at the right place the right time as the bubble blew upwards.

egads101 says

Obviously, if housing had stayed fairly priced forever, there wouldn't have been any way to do what I did. I recognized what was happening, and now for 20 years have always been on the right side of the market!

you have lots of RE interest to protect .. so lets not talk about any price corrections...

lets not get people thinking about how prices have behaved over the past 10-20

years... we dont want Roberto to suffer any losses on his investments.

egads101 says

Call it luck, if that helps you to sleep better at night with your own fuckups!

I sleep very well ... my life and well being isnt tied to any RE investments..

my investments are elsewhere so there is no need for me to TALK UP real

estate prices .... How about you Roberto.. Sleep well knowing your Investment

may take a 20-30% reduction in value... and your wealth...

egads101 says

YOU are the one cherry picking. To compare 2010 to 2011, you pick the HIGHEST price point of 2010, and compare it to the lowest price of 2011.

Nah, you're not paying attention. I TOLD you, I'm giving you the amount by which prices fell, which is measured from peak to bottom.
As for comparing 2010 to 2011, you're forgetting that
the chart measures CLOSING prices, which lag behind offer prices."waiting" gave the person advice BEFORE the purchase, and that was in 2010. So even if the person considered buying the house in early 2010, it wouldn't have closed escrow until mid-2010, at which point ppsf for closing prices was around $350. That part right at the beginning of 2010 where the chart dips down, actually reflects closing prices for offers made in 2009, most likely in the gap between the tax credit expiring and the announcement that the credit would be extended, where demand suddenly dropped off a cliff. But by 2010, we were back in full feeding-frenzy mode, due to the extension of the tax credit, as you can see by the climb to $350 psf. And prices stayed close to there for the rest of that year. Throughout ALL of 2011, prices were considerably lower, and actually bottomed in 2012. So your remark that it only fell $10 psf is total, unadulterated bullshit, that you pulled out of your ass.

egads101 says

I ALREADY gave you a more fair method to compare the two years. Do you suffer from a reading comprehension disability? I will quote it for you again here:

"More fair"? The gut feeling of the two biggest trolls on PatNet, with absolutely no evidence whatsoever to back it up? Please, don't make me laugh. You guys are both full of shit. Sorry, but I will take real data over the word of two blowhards who have nothing better to do than brag all day on the internet about what great "investors" they think they are. Holy shit that's funny.

egads101 says

Your buying a home in 2012 was a mistake, because it was cheaper in 2012. In fact, the peak 2012 price was $35 a square foot more than the lowest price in 2012. So, you shouldn't have bought in 2012, you should have waited to 2012.

Wow. That was complete gobbledygook. Nice job.

egads101 says

As opposed to the Obviously very important relevancy, of proving homes might have been 50 cents cheaper when you say they were

Another lie. $120,000 is a bit more than 50 cents.

egads101 says

"admitted..." Like having profited from real estate should be something terrible or shameful to have to admit on real estate blog?

Strawman.

egads101 says

SOME readers on here, might like to learn from someone who saw the crash coming, and sold beforehand...

Judging from the fact that you were on the list of biggest trolls, I somehow doubt that anyone here is interested in your bragging.

egads101 says

Not all the readers are losers like you!!!

Gratuitous name calling doesn't help your point.

egads101 says

Not only did I have $400,000 in cash, I had earned all of that money, by selling homes prior to the collapse.

Oh, so you had money AND property. And this is supposed to prove you aren't a rich spoiled fuck how?

egads101 says

And once again, your reading problem shows up. Everybody knows I live and invest in PHOENIX, which, maybe you aren't aware, isn't in California.

How is that a "reading problem"? You changed your screen name, and didn't mention anywhere in this thread that you were Roberto. I only discovered it because another posted called you out.

But good, now that you have come clean, I will ask you this:

WHAT THE FUCK DO YOU KNOW ABOUT THE MARKET IN CALIFORNIA IF YOU NEVER SPENT A DAY OF YOUR LIFE IN THAT MARKET, DIPSHIT?

I wrote over 50 offers IN CALIFORNIA. How many offers did you write IN CALIFORNIA? Zero? Yet you have the nerve to act like you're some sort of expert on the California market. So much so, that you attempt to argue that your own PERSONAL EXPERIENCE trumps hard, objective data. That ridiculous claim would be bad enough by itself, but then you don't even HAVE any personal experience with that market. So lame.

I live in California, and I bought a house in California. Therefore, ANY claim you make that you have more expertise than I do in California real estate is AUTOMATICALLY NULL AND VOID.

Homeboy rules.

egads101 says

Homeboy says

What's really pathetic is that you don't even seem to have a clue what a rich spoiled asshole you are. Most people don't come across that kind of money in their LIFE, let alone have that much to play around with in a 2 or 3 year span.

Well, if a cuban immigrant, who grew up on free school lunches, and food stamps, while his mother worked as a janitor can do it, why the fuck are you still such a loser?

And this is the crux of your problem, right here. I said you are a rich, self-centered, spoiled asshole who only was able to buy a lot of property because you had a bunch of money at the time.

And the only response you can come up with is to call me a "loser" because I didn't have all that money to goof around with in real estate.

See, you don't even understand that some of us don't measure our self-worth by how much money we have. To you, money is the ONLY thing that matters. Love of money consumes your life so thoroughly that you actually believe being richer than someone else makes you a better person. And getting a death threat didn't even dissuade you from acting this way. You are quite possibly the most self-centered person I have ever encountered.

You have crossed a line, sir.

Not funny. Roberto just made a very big mistake.

Homeboy says

Not funny. Roberto just made a very big mistake.

Are you going to report him like you did before?

Why do people take message boards so seriously?
Over 200 posts arguing about a chart. A chart, for gods sakes!

egads101 says

spring 2012 was the best time to buy.

how laughable... at best the below home should be at 400-450K.. based
on incomes, inflation, and if need be past normal trends (double over 15 years at the extreme). there is nothing to justify these insane prices in the SFBA...

But we are still way way overpriced in SFBA... 50% hair cut to get back to normal. The Real Estate Investors like you would differ with that ...

37779 Alta Ct
http://www.redfin.com/CA/Fremont/37779-Alta-Ct-94536/home/1350365

Property History for 37779 Alta Ct
Date Event Price Appreciation Source
Oct 15, 2010 Listed $995,000 -- BAREIS #21029431
Sep 01, 2004 Sold (Public Records) $845,000 10.2%/yr Public Records
Jun 05, 1992 Sold (Public Records) $257,000 -- Public Records

egads101 says

I remember that Rob guy from here too; He doesn't seem to be here any more. He'd beat your ass just as easily as I would.

your IP address is still traceable Roberto..

Oracle, please dont make terroristic threats on a blog.

Especially since you are a public figure.

some people have a vested interest for all the wrong reasons...

You don't get it. Calling me names is one thing. Threatening me with physical violence is a crime. You are digging a deeper and deeper hole for yourself.

waiting_for_the_fall says

Homeboy says

Not funny. Roberto just made a very big mistake.

Are you going to report him like you did before?

It makes you wonder.

Yep, just as I thought, Bigsby. Saying you were out of this was bullshit, just like everything else you've ever said. Once a troll, always a troll....

Is that you disliking the post Homeboy? Why would that be?

You know perhaps Roberto wouldn't be so irritated as to make that remark if you didn't repeatedly call someone with his stated background a 'rich spoiled fuck.' Did you think he would be best pleased by that? Would you if you were him? But of course, you know better than to use 'gratuitous language,' so would never make such a remark. Repeatedly.

Oh, by the way Homeboy, I can see your posts if I don't log on. You might actually notice that I've refrained from responding directly to your comments because, hey when I actually log on I can't see them except when others quote them. And as I don't recall ever saying I wouldn't respond to others remarks...

Mind, I have to say I did find your comment to Egads that 'gratuitous name calling does not help your point' immediately followed by a repeat of your 'rich spoiled fuck' insult hilarious. Hilariously moronic. But of course, you aren't a troll...

Homeboy says

Threatening me with physical violence is a crime. You are digging a deeper and
deeper hole for yourself.

Where did he threaten physical violence? Saying he would love to meet you in real life? That's a bit of a stretch...

Stuttering is a hallmark trait of "a cowardly little bitch"..

egads101 says

I would honestly love to meet you in real life. in real life, and I can tell from your posting that you are a little cowardly bitch, in real life.

egads101 says

He'd beat your ass just as easily as I would.

Hey, physical threats not allowed here. In fact, they are a major crime and I will happily report everything I know to the police if they ask me.

Actually, egads101 is now banned for this:

"I would honestly love to meet you in real life. I would enjoy punching the ever loving shit out of you, in real life,"

Actually, egads101 is now banned for this:

"I would honestly love to meet you in real life. I would enjoy punching the ever loving shit out of you, in real life,"

You should take a good look at the constant baiting coming from Homeboy in thread after thread to give it a bit of context.

Actually, egads101 is now banned for this:

"I would honestly love to meet you in real life. I would enjoy punching the ever loving shit out of you, in real life,"

Professor banned from online website!!

Bigsby says

You should take a good look at the constant baiting coming from Homeboy in thread after thread to give it a bit of context.

baiting = legal

physical threat = felony

http://www.shouselaw.com/criminal_threats.html

Bigsby says

You should take a good look at the constant baiting coming from Homeboy in thread after thread to give it a bit of context.

baiting = legal

physical threat = felony

And I suspect that this particular threat wouldn't hold much water in a court of law: "conditional threats are true threats if their context reasonably conveys to the victim that they are intended." Doesn't seem too likely when directed at an anonymous internet troll...

And someone phoned up his place of work, and.... We're still in the dark about who that was from this website. There can't be that many potential candidates.

People bait him all the time. Homeboy being an obvious trolling example. Clearly he goes over the top but he gets shit all the time. And come on Call it Crazy, you don't half post up some complete bloody bollocks on here, so it's a bit rich for you to pop up and start crowing.
And I'm not quite sure what half of you on here will do with him gone. You've killed the goose...

Homeboy says

You don't get it. Calling me names is one thing. Threatening me with physical violence is a crime. You are digging a deeper and deeper hole for yourself.

Damn, what a whiny pussy.

Call it Crazy says

Bigsby says

People bait him all the time.

People bait other people here all the time.... How many other posters go off the deep end with their responses like he does??? His responses aren't normal.....

He's had years on here getting it constantly. Who else gets that? Who else had a phone threat made to their place of work?

Call it Crazy says

Bigsby says

Clearly he goes over the top but he gets shit all the time.

He gets shit BECAUSE he goes over the top....

People go fishing for it all the time, you included.

Call it Crazy says

I admit, I post different articles to get people to comment, but isn't that what Patnet is, a place to share and debate different topics??

Come on. It's a bit more than posting a few different articles to get people commenting.

Bigsby says

And I'm not quite sure what half of you on here will do with him gone. You've killed the goose...

Bobby will come back, he can't stand to stay away.
Unless Patrick blocks his ip address...

Patrick.net is more precise, wittier, leaner and faster without all the profanity clogging up the wires. You guys can open your own website with a (literally!) 'explicit' platform for the kung-fu fighting housing mogul. But it's nice to see some libertarian spirit on this board questioning government overreach - not that these moments of clarity will last long with today's 'progressives' ;)