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Did Egads have a ton of money? He's a community college professor. From what he's said, he risked everything based on his convictions/insights/whatever you want to call them.
Did he have a ton of money? HE SAID HE BOUGHT 13 HOUSES. FUCKING THIRTEEN. Yeah, that's a ton of money in my book. Ooh, big "risk taker" - LOL. I could afford exactly ONE house. In fact, almost everyone I know can afford exactly one house.
You guys really take the cake, you know that?
How much would that one house cost? And how old are you and your friends? Egads is somewhere around his late 40s I believe. He used everything that he could get his hands on to buy a large number of very cheap properties. That doesn't mean he was some high flying investor, does it? It was clearly a well thought out risk on his part, and the fact that you felt it necessary to write that post makes it clear to me that you are just trying to start an argument.
you guys can say whatever you want. you will NEVER achieve what I have :-)
You didn't "achieve" anything, you had enough money burning a hole in your pocket that you were able to buy 13 properties, while the average family can only afford ONE house, to live in. Like I said, you're just a rich spoiled fuck. And quite honestly, I wouldn't WANT all that money if it made me into a self-centered asshole like you. Your constant bragging doesn't impress anyone here - believe me.
Homedicksucker has 133 pages of posts, arguing with everyone in every market, even cities he has never visited, that 2012 was the bottom. It was not. Fucking get over it, you screwed up!
I never said 2012 was the bottom EVERYWHERE. There are actually markets in the Bay Area where 2009 was the bottom. I did say 2012 was the bottom in MY town, and that's when I bought. But very early in 2012. 2012 was when prices started going up. I don't know where you're getting the idea that I "screwed up". As I said, I bought within a month of the exact bottom of the local market, and the comps show my house being worth 40% more than what I paid for it.
you guys can say whatever you want. you will NEVER achieve what I have :-)
You didn't "achieve" anything, you had enough money burning a hole in your pocket that you were able to buy 13 properties, while the average family can only afford ONE house, to live in. Like I said, you're just a rich spoiled fuck. And quite honestly, I wouldn't WANT all that money if it made me into a self-centered asshole like you. Your constant bragging doesn't impress anyone here - believe me.
An entirely unnecessary attack. He's a middle aged man. His 'wealth' back in 2010 was (considerably) less than a very great number of people in CA, for example. How does his situation constitute being 'a rich spoiled fuck?' YOU are trolling now.
Anyway, I'm done with this.
Yet another lie, I see. LOL.
If you post shite, I may feel the need to respond. Call me old fashioned if you like.
His 'wealth' back in 2010 was (considerably) less than a very great number of people in CA, for example.
Oh, yeah - everyone in California can afford to buy 13 houses.
Jesus Christ, do you even LISTEN to yourself?
If you post shite, I may feel the need to respond. Call me old fashioned if you like.
Oh, really? That's not what you wrote before. You said you were "done", and you said "knock yourself out". Guess that wasn't true, though.
His 'wealth' back in 2010 was (considerably) less than a very great number of people in CA, for example.
Oh, yeah - everyone in California can afford to buy 13 houses.
Jesus Christ, do you even LISTEN to yourself?
FFS, he said he had $400,000 in the bank from selling previous property and not much else. What kind of equity do you think rather a lot of 50 year-olds have in property on the East and West coasts (and elsewhere)? Do you think that makes them 'rich spoiled fucks?' What is the matter with you?
If you post shite, I may feel the need to respond. Call me old fashioned if you like.
Oh, really? That's not what you wrote before. You said you were "done", and you said "knock yourself out". Guess that wasn't true, though.
No, I guess it wasn't, largely because you are continuing to be an arsehole and I've got half an hour to kill before going out.
bullshit to your "$80K home price drop in Fremont, 2010 to 2011"
zillow has it at max $30K...
Oh, Zillow. Wow, great source there. LOL.
Do you think that makes them 'rich spoiled fucks?'
I didn't say everyone who is rich is a spoiled fuck. I just said Egads is a rich spoiled fuck.
Do you think that makes them 'rich spoiled fucks?'
I didn't say everyone who is rich is a spoiled fuck. I just said Egads is a rich spoiled fuck.
Ah, more of your usual semantic games. He's reasonably rich now. He wasn't before. He may or may not be a fuck, but I'm sure you aren't the apple of his eye either. Spoiled? No doubt you'll come up with some sort spin of that.
Do you think that makes them 'rich spoiled fucks?'
I didn't say everyone who is rich is a spoiled fuck. I just said Egads is a rich spoiled fuck.
Ah, more of your usual semantic games.
How would that be a "semantic game"? Do you know what "semantic" means? Actually, I don't even need to ask. Obviously you don't.
You've just listed all the things you do.
Uh, I know you are but what am I?
You're a clever one, aren't you?
Say, the $/square foot on trulia shows the same thing as zillow: essentially flat all of 2010, 2011...
That's not flat. That's a drop of $120,000 for a 2000sf house. I know $120,000 doesn't mean anything to a rich fuck who owns 13 houses, but it's actually a lot of money to us commoners.
P.S. thanks for proving early 2012 was the bottom.
You've just listed all the things you do.
Uh, I know you are but what am I?
You're a clever one, aren't you?
Ah, your tired old response trotted out once again. I'm so surprised.
You really are an arrogant so-and-so. Let me guess, you're in your 20s, think you are super duper intelligent, dislike your job, and are wondering why life has dealt you a crappy hand. Is that right? Or perhaps you'd care to explain why it is you're such a petulant and arrogant individual.
Oh, lookie - here's a thread titled:
"Bigsby is a mega troll and needs to be defeated"
http://patrick.net/?p=1224374Here's a thread started by Patrick, title "TOP TROLLS". http://patrick.net/?p=1216384 Guess who's on the list?
| username | ignoredby |
Bigsby | 11Ignored by 11. Tsk tsk. Oh, but it's 12 now, isn't it? I thought I was bad with 8, but you beat me by a country mile.
And there we go. Perhaps you'd care to mention who it was that posted up that thread title and the reason behind it? Ah, yes, Rentingforhalfthecost, one of the very worst trolls on this forum. Well done on picking that. I've had huge arguments with the conspiracists and trollish permabears on this forum. My ignore list actually went form zero to 11 in the space of a day nearly 2 years ago after getting involved in pointless arguments with the worst troll on this forum - Darrell in Phoenix aka RealtorsAreLiars aka double figure additional name changes. Either that troll blocked me multiple times with his different handles so he could have a dig (which he did) or others got sick of reading the back and forth. I don't blame them on reflection if they did. No. 12 is 'The Professor,' so I consider being ignored by him as a badge of honour seeing as he is a completely moronic conspiracist.
It's ok, 20 or 30 years from now, you'll be telling your friends how you knew the great bigsby, and the wise oracle during the crash...
If you're around that long. At the rate you are pissing people off, I wouldn't count on it.
2009 was just as low, naturally you are too stupid to see that!
No it's not. When are you going to figure out that calling people names doesn't make you right. The chart's right there on the page. Unless you do something assholish like changing it or taking it down, everyone can see it goes lower in 2012.egads101 says
And, as has been pointed out to you, repeatedly, one simple median or average index cannot completely capture the reality of a housing market;
And yet you posted a median chart. What does that say about you?
So, since a number can't be perferct, I shouldn't post it?
No, I think it's perfectly fine to post median price charts. I think they're useful. I just think you're being a hypocrite to post the chart but then back away from it when you realize it doesn't show what you want it to show. It's funny, you seemed to think your chart proved something when you thought you were using it against me, but as soon as I pointed out it shows a decline with the bottom being in 2012, you immediately started saying it can't capture the housing market.
Maybe you should get a job at waffle house, what with all the waffling you're doing.
ARE YOU THIS STUPID IN REAL LIFE?????
Again, calling people names doesn't make you right. You're still wrong. You seem to have some sort of emotional problem and some anger issues. I would get that in check if I were you. Look what happened to you as a result of your out of control temper. You ended up being threatened in real life.
You win the debate.
Yes, I already knew that.
Now fuck off and die, you are a pathetic loser, who will NEVER IN HIS LIFE, do 1/10 of what i've done.
Well, it's true I only bought one house while you bought 13, so that is less than 1/10th of what you have done, but I don't judge myself by how much money I have, so in my mind that doesn't make me a "loser". While I might like to have more money, I would MUCH rather be poor than be a spoiled rich braggart asshole with emotional problems like you.
Ah, your tired old response trotted out once again. I'm so surprised.
Well I was only making fun of you. It's indicative of the fact that YOU keep posting childish taunts over and over. I mean, really, "Buh, you just listed all the things you are". Did you really think you were being clever?
in 2009, I bought a home for $46,000. 4 bedrooms with a garage. I fixed it, and rented it for $1050 a month.
so by your incredibly moronic logic, that was a bad time to buy
The fact that you keep coming up with these lame strawmen indicates that you are incapable of reading and comprehending what I write.
Anyway, you're now clearly fishing for a fight with me,
I will remind you, AGAIN, that you started this encounter. My first post in this thread had nothing to do with you. So obviously I am not the one "fishing for a fight". You have kept this up for several pages. I made a simple point a long ways back, and you have relentlessly attacked me ever since.
so depending on what kind of response (or not) you now want to make, we can put this back and forth to rest and move on. Or you can decide to keep going...
That's all up to you. I told you, I don't just roll over and take it when a troll starts picking on me. So the more trolling you do, the more responses you are going to get from me. You reap what you sow. At least until you reach the point that I am completely weary of you and I put you on ignore. It's happened to you 12 times, so 13 can't be far off.
Say, the $/square foot on trulia shows the same thing as zillow: essentially flat all of 2010, 2011...
So, lets see:
Holy shit! Sorry, I overlooked it before, and I just realized that chart is price per square foot, which is more accurate than median price, because it takes the size of the houses into account.
So according to that chart, ppsf was about $350 in mid 2010, and about $290 in Q1 2010. That's a decline of $60 per square foot. That means a 2,000 sf home would have declined in price not $80,000, as I said before, but $120,000! And since ppsf is more accurate than median, the $120K figure is probably the correct one.
$120,000 savings, just by waiting a year and a half, according to the chart YOU posted (that you moronically stated was "flat"). That would have been enough to buy a COUPLE of houses in Vegas. So NOW who do you think needs to be repeatedly kicked in the balls?
I can already hear your response. "Buh, derp, irrelevant bullshit, tangent, 2009, 2013, cusswords, namecalling, I'm richer than you..."
how about showing what per sq chart from 1990 ? for one it would show prices doubled from late 90s (1998 to 2000).. YES ... DOUBLED.. so 2000 is already
well inflated numbers.
how about showing what per sq chart from 1990 ? for one it would show prices doubled from late 90s (1998 to 2000).. YES ... DOUBLED.. so 2000 is already
well inflated numbers.
Buh, irrelevant.
Next...
Buh, irrelevant bullshit.
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 !!!!
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?
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.
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.
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?
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.
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.
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.
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.
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.
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In late 2010, I think 4 of my coworkers were laughing at me because I said housing will double-dip. They all thought prices would stay flat or drop only a couple of percentages. Well, it's June 2011 and prices already fell 5.5% from Jan to Mar 2011. They look at that and now say that it won't fall anymore even though sales numbers are double-digits in the red.
The sheeple are so brainwashed it's mind boggling! I think it's hopeless guys. America will never wake up to reality until the ESPN is shut down or until the economy totally collapses!!
OMG I'M ANGRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thanks for letting me vent!!!!
#housing