Real Estate Broker

Obama Is Bad for the Economy - Barron's

The first two bloggers were spot on. Mc Cain's a little bitch!!

Who cares about Obama's tax policy or Mc Cain's tax policy. They could eliminate taxes 100% and guess what...?

We would still be cranking out/borrowing upward of $12 billion per month funding Jihad vs. Mcworld.

Obama Is Bad for the Economy - Barron's

The first two bloggers were spot on. Mc Cain's a little bitch!!

Who cares about Obama's tax policy or Mc Cain's tax policy. They could eliminate taxes 100% and guess what...?

We would still be cranking out/borrowing upward of $12 billion per month funding Jihad vs. Mcworld.

Fannie Mae Earnings: It's Not Pretty

Ok, Ok, Schlepstein:

How is the US (service economy) "headed for a rebound?" This makes absolutely no sense.

You have some random alterior motive that I can't figure out.

As far as you predicting collapse. This is also wrong. Peter Schiff actually made the prediction in "Crash Proof."

Fannie Mae Earnings: It's Not Pretty

Yo Bernstien,

Post your address. I want to send you an invoice for: a) wasting everybody's time; b) surplus charge for making yourself look really stupid.

This guys a joke! Someone contact the SA tech support and have this guy removed from the Blog. This dude reaks of "interest only."

Fannie Mae Earnings: It's Not Pretty

BS Detector: Hoorah to you.

This guy Bernstein is a retard. Or rather, a Realtard. I smell this guy is from the Real Estate Industry.

The market will not so much continue to go down as it will continue to correct itself.
Bet we also need two other variables to exist: Real wage increases and population increases.

Until then, market declines are an imminent reality.

Some Real Talk on Housing

Uhhh, Can you Clarify "10% value of 2006 peak?"

Some Real Talk on Housing

Yo Nickelthrowe,

First off- I agree with you regarding the change from Industrial to a service economy. We're screwed until we actually start producing and selling in relation to what we buy.

Note: I don't necessarily agree with you as much as I recognize the facts... (No offense, dude!)

And Yes I read. Most important work i've read thus far is Crash Proof. Great book that defined the reason behind artifical and inflationary markets. More importantly-he predicted the collapse of the Real Estate Market.

Let's all get back to the basics. Specifically what drives appreciation:

-Real wage increases
-population growth

If these two variables don't parallel one another in a positive linear progression, then appreciation shouldn't happen.

If appreciation does occur, then someone's meddling with the market. IE- Burnout Bernanke

Some Real Talk on Housing

...1974 Jack Nickelson

Some Real Talk on Housing

Real Estate is such a no-brainer it's almost not worth talking about. The Data says it all....

So here's a more realistic question to the only person on the blog that seems to know their stuff (Mr. "Believe it or not"):

Who would you rather do? Jack Nickelson or Meg Ryan?

Some Real Talk on Housing

well put (Mr. Belive it or not).

The only thing that should drive appreciation are real wage increases and population growth. During the boom there was a an inverse relationship between home appreciation (upside) real wage increases (down) population growth (somewhat down).

So clearly, the rampant running appreciation in the RE market was a farce.

Oh and by the way, no offense on the "Realtard" comment. I can't knock the facts.

Well, that and Lawrence Yun-the NAR's chief economist is the biggest spinmaster and Realtard of them all!!

John Hussman: Can the Emergency Housing Bill Be Fixed?

Here we go again....The Fed Bailing people out. What a joke....

So here's what the future holds:

-The Fed/Bush Administration ok's FHA to refinance overinflated homes at today's 2004 pricing.

-x amount of homes are refi'd at max value (today's percieved value).

-The RE market continues to adjust downward, slowly but surely ebbing its way to 1998 levels (market equilibrium/Where it's supposed to be).

-Vwallaaa! The "$700k home" that they refinanced has predicatably adjusted downward and is now worth $650k.

-So to start: $50k drop per home (not substantial or remotely unrealistic) multiplied by the 400,000 homeowner's the plan "will benefit" = larger deficit/another failed government plan.

But, my friends it like a hard night out on the town after a good payday; it's fun in the beginning but the morning hangover reveals the truth.

Mr. Bernanke I have two questions:

1) Where do we get that giant bottle of Motrin for the bigger economic hangover to come?

2) Where do I get and send the government paperwork that ensures my business has not downside risk and i'll be bailed out?

Some Real Talk on Housing

One more thing-1998 is important because this was the cusp or the pre-tech boom. IE-Before the tech markets exploded the economy.
Point-98 was when the market was closest to its equilibrium, and somewhat void of artificial inflationary drivers.

Some Real Talk on Housing

We're on the right track but we're still a little off course.

Homes will need to adjust to 1998 levels in order for the market to plateua, and then eventually converge back to the 5%/annum norm that has defined the last 50-years in California.

Remember-The real estate market in California tanks about every 15 years. Homes don't actually appreciate at a rate of 5% every year. But if you average-out everything you get a linear progression of 5%.
Three percent real growth and 2% adjustment for inflation.

Foreclosures Still On the Rise in California

Ahhhh....Round and Round we go...

I agree with Mr. "Believe or not.'" He's obviously speaking from a fundamental perspective.

The problem is not with what he has already said. Rather, the problem lies (as it always does) with people's unwillingness to accept the truth.

Homes will continue to adjust downward, until they converge to the the 5% per annum norm that has defined California Real Estate for 50+ years. In fact, they may even dip lower first. This depreciation or devaluation has little do with foreclosures and the like. It's simply an economic reality.

Everyone on this blog should just admit that they got caught up in the hype of the "ScAmerican Dream," overleveraged to buy non-performing, overinflated, liabilities dressed up as assets.
In other words, we all fell victim to the middle class trap, and the Snake Oil salesman with the GED. I'm referring to Realtwhores that took a 3-week internet course, bubbled in their Scantrons, and were somehow deemed "licensees" by the Deparment of Real Estate.

I did it too, admitted defeat, short sold my home, and got my a** handed to me. But I didn't continue to live in some non-analytcal, opinionated, fairy tale, where prince Charming (Ben Bernanke) bails me out and the PERCIEVED value of my home goes up. Or rather, the value of the banks home, that I rented, and assumed all the liability for... For the lay person, my reference is the American perception of ownership.

I dare you to show me how ignorant you are...