patrick.net

I think they will leverage the fear of the “avian flu” very soon.

I think this is already happening too. I saw a very alarmist piece on this on one of the "news magazine" programs. But the interesting thing was that they said the flu was still not directly transmitted to humans from birds. Rather infected humans ate infected bird and that's how they got the flu. The said that the flu virus would have to make a genetic leap from birds to humans before it would have the possibility of becoming a pandemic. But do you think this part of the story was stressed? No way. They made it seem as if this was something that could literally happen any day. And they made the point of stressing that if it happened this year ( or more accurately in the next 6 months) the US would not have enough vaccine. So, in order for the avian flu to become the pandemic we are being told it will be, it has to occur very soon. Otherwise it's very likely we'll have an adequate supply of the vaccine. But that hasn't stopped the media from sensationalizing this story.

This from a journalism major?! I agree with you completely.

It was my experience working in the journalism field that gave me such a jaded view. I really think you have to sell your soul to work in the media and sleep at night.

I miss getting CNN International. It was far from perfect, but it was truly bizarre coming back to the US and having to go from that network to the domestic version of CNN.

I follow Google news. :)

BBC is great. Too bad I do not have cable anymore.

800!

The said that the flu virus would have to make a genetic leap from birds to humans before it would have the possibility of becoming a pandemic. But do you think this part of the story was stressed? No way. They made it seem as if this was something that could literally happen any day.

It appears that they like to manipulate fear. Just try to imagine what they will be saying when the housing bubble is bursting? Will it be something like, "tomorrow may be the day your home loses half of its value!"

The one thing I learned working in television is that the truth is flexible and will be manipulated at will for ratings. I risked getting fired many times by trying to protect people I was working with. I actually withheld information from producers because I knew it would be used irresponsibly or even distorted for the benefit of the show.

The one thing I learned working in television is that the truth is flexible and will be manipulated at will for ratings.

Truth is not rigid by any measure. Even if truth is absolute, the presentation of truth can be creative. :)

Truth is not rigid by any measure. Even if truth is absolute, the presentation of truth can be creative.

Absolutely. But I have seen facts deliberately distorted for personal gain.

Absolutely. But I have seen facts deliberately distorted for personal gain.

I would not be surprised. I guess the media is for entertainment only? This is a really sad fact for journalism.

I am a bit optimistic about the internet being part of the media though. SactoQt, I think you should have your own blog about things that you care about. I am sure you will be successful. I am serious.

And I will have a food blog, perhaps... ;)

I am a bit optimistic about the internet being part of the media though. SactoQt, I think you should have your own blog about things that you care about. I am sure you will be successful. I am serious.

And I will have a food blog, perhaps…

I'm flattered. Who knows, maybe I will. I think promoting honesty in the media is something the public should do. I've often thought it would be fun to print conflicting news stories on a blog from various sources and point out the biases; and then try to find the truth that surely lies in-between the varying agendas. Kind of tough to devote the time necessary with two small kids though. Maybe someday.

I'd love to read your food blog... :)

One thing I should say though.........
There are those in the media, very rare though they be, who do feel a responsibility to present the truth as accurately as possible. There are those who put themselves in harms way, such as embedded reporters in Iraq, who do try to present the story as truthfully as possible. (Though with a father-in-law who is a General, I also know there is a lot of news not being presented)

But it is hard for me not to be jaded because the majority of what I saw first-hand was not altruistic in nature. It made me sad to see something that could be a noble profession turned into something kind of sordid most of the time. I just couldn't justify continuing in a career that made me feel as if I'd have to sell out to survive.

There are those in the media, very rare though they be, who do feel a responsibility to present the truth as accurately as possible. There are those who put themselves in harms way, such as embedded reporters in Iraq, who do try to present the story as truthfully as possible.

Kudo to those people.

Hopefully information technology can improve the situation.

One fundamental question: would you rather see the sad truth or a rosy illusion if the subject has little effect on you anyway?

One fundamental question: would you rather see the sad truth or a rosy illusion if the subject has little effect on you anyway?

I can't help but feel that any fallacy ends up being harmful in some way. Think of the rosy illusion of a robust economy or housing market. If people buy because of the illusion, they end up being harmed in the long run. Yes, they should independently research the subject, but people are notoriously short-sighted and having an irresponsible media doesn't do anyone any good. A sad truth may end up saving someone some grief down the road, a much better outcome IMO.

Anyway, the sad truth is I must go to bed; the children will wake up early and I am already sleep deprived. Nite Peter.

Good night.

Are we continuing for numbers …. say 1000 posts?

But there is no thread bubble...

One concern I have is this blog should strive to engage a diverse set of people to contribute.

How do we do this exactly? We already know there are a lot of lurkers who may or may not choose to post for their own reasons. No one can really control who chooses to post here other than the times we choose to delete particularly offensive comments. But I don't know how to make the board more diverse. People will do what they choose to do.

This thread appears to be in some seasonal dip.

This thread appears to be in some seasonal dip.

Come spring, the thread will gain momentum and eclipse all previous activity.

"Come spring, the thread will gain momentum and eclipse all previous activity."

There is no thread bubble!

"One concern I have is this blog should strive to engage a diverse set of people to contribute"

We could bus in a more diverse set of bloggers...

Politically, I think we are pretty diverse. We have everyone from left to right wing, and all sorts of degrees in between.

Opinion-wise, well, I think people gravitate here usually because they believe there is a housing bubble. Maybe the housing bulls are all too busy buying up real estate to chat with us.

We also have gender diversity. (I'm female, BTW, although my mother chose to give me one of those names that leaves one wondering, and always has people in SoCal assuming I'm a middle-aged Hispanic man when they see my name on paper.)

And as far as ethnic diversity, who knows, but I would guess we pretty much represent the typical demographics of the internet.

We should rename this The Never-Ending Thread.

Oh my, I thought we'd run out of space to post on this "Social Effects" thread, then you come back again.

Phuong, I thought you'd said you'd leave this blog for good. What nationality is "juju"? Are you trying to pass as a Zambian now?

Heh, I see from your IP address that you're using Dial-up this time. I wonder why a millionaire like you can't afford highspeed. Are you trying to explain to Silicon Valley residents how the Internet Protocol works? Dude, you're so brave.

Thanks for your interest in the BA real estate market. Keep buying, dude, we need you. Just like fireworks, we want to see a spectacular burst.

See, soft landing in this thread. Comment count is still going up, although at a more sustainable rate. Soon, this thread will be worth 1000K (1000 Komments)!

good luck renting… you will be sorry

Huh? This makes no sense at all. We did a rent vs. own calculator on the house we rent and in almost no scenario would it be better to buy. The house would have to see a guaranteed 8% appreciation for the next ten years to make buying the property a better deal than renting. Even at 5% appreciation buying the house would mean spending over $100,000 more than renting over 10 years. 7% appreciation would be an almost break even deal. And before you argue that 8% appreciation over the long term is likely, an almost identical house down the street has lowered it's asking price by almost $20,000 in the last month. As far as I can tell, that means the home values are already depreciating, and in 10 years I seriously doubt we'll see housing first crash and then triple in value. And if that does happen all I have to do is buy when the values go down and it's a win win for me.

Btw, I love that this thread won't die!

"We did a rent vs. own calculator on the house we rent and in almost no scenario would it be better to buy. The house would have to see a guaranteed 8% appreciation for the next ten years to make buying the property a better deal than renting"

I was just looking on craigslist at rental houses on the peninsula (San Mateo area), and OMG, you'd have to be smoking crack to think it's better to buy a house there than rent. There are many nice rental properties at reasonable prices, whereas to buy an equivalent house would be well over a million dollars.

I personally have much lower standards for rentals, because I know I"m only going to be in it for a few years, whereas if I were laying out my life savings on a house, I absolutely could not find one in our price range that I'd want to buy. Plus, all the rentals I saw had gardeners included. Another thing I wouldn't be able to afford if I were a buyer.

whereas if I were laying out my life savings on a house, I absolutely could not find one in our price range that I’d want to buy. Plus, all the rentals I saw had gardeners included. Another thing I wouldn’t be able to afford if I were a buyer.

It really is amazing the deals you can find as a renter. The house we rent is approx 1900 sqft for $1350 a month. You can't buy a house for less than 2 1/2x's that in this market. Why would I buy?

Sorry? I don't think so.

good luck renting… you will be sorry

This type of comments would have been rejected if we were in a normal thread market. Still, there is no thread bubble.

"See, soft landing in this thread."

Calling this a soft landing is unnecessarily pessimistic. Moneyed immigrants are busy setting up their first computers and internet connections as I type this and will soon overwhelm the thread with new activity.

JuJu, or Phoung, dude, learn some freaking grammar! Perhaps spending some of that equity to hire an english tutor might be your best investment ever!

House party on the social effects thread! Surfer-X, you bring the forty-ounce.

Don't let the smooth taste fool ya.

Peter P, you bring the sushi. Sacto, you bring the phat ride. I'll bring da music...I've got a Parliament album around here somewhere.

so they must make fun of people who already own and is set for life.

I feel so sorry for you, I think you meant, "so they must make fun of people who already own and are set for life".

You really really should consider improving your 8th grade English skills.

You are interesting group of people. As soon as somebody disagress with you and you no longer can argue with logic you start to use word like “fuck” and “asshole” and all other profanities and you accuse them of being a same person…

Please do not use broad generalizations. Most people here do not insult anyone who disagrees, we choose to refute the arguments with the vast amount of information out there that backs up our point of view. You can choose to disagree, but when you're arrogant and insulting, you're going to get the feedback you object to.

Many people here have zero debt and investments in other places than RE. To assume that we're jealous seems to be a defense mechanism on your part and makes you seem insecure about your RE ownership. I can't help but wonder if your loans are adjustable, and maybe you're worried.

juju, phuong, phoung, punk, whatever you wanna be called...nobody here gives a rat's ass about you. Come or go, who cares. But if you try to put on some sorts of makeup, disguises, making up stories about properties you don't have, etc., please do everyone a favor and make those stories more believable next time. Okie dokie.

I can't believe I work my ass off just to make about $10k a month, stock and bonuses, zero debt, while juju just sits tight, looks pretty (ok, maybe not pretty, but, well, it's juju, what can you say), carrying close to $600k in option ARM, and makes 70% of my income a month off the same roof he's living under. God, yeah, I'm just soooooooooooo jealous :-)

>but it is very difficult to get more information without court order. I >have tried it in the past. Almost got in trouble once because they >told me that it is invasion of privacy. but if you do it secretly, you >should be ok.

Bull excrement.

Juju

I can't help but feel you're missing the point somehow. I hope you don't get burned, I really do. There are times to rent and there are times to buy. Just because you got lucky doesn't mean you're bulletproof, or a genius. The market will most definitely not take off in the spring. If you take your own advice and buy, then you will get screwed and then I won't feel sorry for you because then you will have just made a stupid move against all signs to the contrary.

juju, I find your so-called "logic" hilarious. It's easy to go back in time and tell someone "you should've done this" and "you should've done that". Too bad I don't own a time machine. If I did, boy oh boy, how I would show ya.

By your logic, I could tell you that you should've bough SUNW in 1998 and sold on January 2000, and you would've been set for life. Unless you're too dense to be observant, the housing market has reached its peak and is in its decline. Talking about making 70% of my income a month, while having the Sword of Damocles of option ARM hanging above your head is not sound investment. Thank you very much. I'd rather work my ass off at Adobe, making $10k a month with no debts, and maybe buy some stock at this time rather than trying to be as "smart" as you are.

What does my employer have anything to do with this? Did Adobe fire you for not "fitting in"? You're the one that tries to pass off as a Vietnamese guy working at Adobe. Why, what for? Nobody gives a damn. But since your stories have never checked out, you've turned out to be a nuisance, and your sole purpose in this blog has been self-defeating.

I'll never take an investment advice from someone who can barely write, with multiple mediocre disguises, and talking about basic stuff like IP addresses as if it were some vewy, vewy complicated topic. You're also mixing me with surfer-x too, that's another amazing feat.

Do me a favor, buy another house, with optional ARM! We'll love to hear more from you a year from now.

See? No insulting, just best wishes.

You are set for life because you can either sell the other house or just let the bank take it.

Sorry, you lose the non-recourse protection in cash-out refinances. If something looks too good to be true, it is actually too bad to be bearable.

Must feed the troll. Must feed the thread bubble...

Oops, did I say b.... There is no thread bubble!