T1B

Dinsdale wrote:So, the conclusion we're coming to is that a house sells for what the market will bear, based on supply/demand in that particular market?

Man, that's some cutting-edge stuff, right there. I'll have to ponder this...

You'd think that few on this board have ever taken a college level economics course based on this thread...

Dinsdale wrote:

trev wrote: If there was a buyer willing to pay what Mikey was asking

Are you insinuating that if he wanted to sell(which he's made it quite clear he doesn't), Mikey would likely price his house at a rate that's dictated by comparable properties in the area?


Man, move over, EF Hutton -- there's a new sheriff in Financetown.

there's a chance they wouldn't want a pool. Pools don't sell houses. The market is saturated with homes like his for sale. If he had new kitchen and baths he might have a chance in selling.

So... then if the prospective buyer has some issues with the property they're considering, they will then enter the negotiation phase, and try and negotiate allowances for things like kitchen and bath remodels, and costs for filling in a swimming pool?


Wow, you should open your own real estate brokerage, Trev... you're quite the financial-savant.

Holy shit Dins... I am begining to think that you and I are the only people in this thread to have ever actually purchased a house...

Luther wrote:It would be great too if I could find one that is walking distance to the liquor store.

If you need help, I can provide you with the adress, cross-streets, and detailed directions to every single liquor store on the North Coast... say, between Astoria and Newport. I don't get out there quite as much as in years past, but I'm sure all the proprietors still remember my first name and face.


The one at the intersection of OR6 and US101 has always been a particular favorite, as is the one in Cloverdale(I think it's still there). And of course in the Good Old Days of free access to the Neskowin house, it was a 10 freaking mile drive to Lincoln City to get a bottle. You wouldn't think that a person could drive 10 miles over a mountaintop in like 6 minutes, but when the bottle store's a-closin', the car always seems to have more horsepower.




P.S.: On a completely unrelated local note, I really wanna bang the chick who keeps appearing in the news pics for the Clackamas River Riots.






I have no idea who this chick is, but I'm guessing she's now deeply-entrenched in many a U&Ler's Spank Bank. Although hotties like her are a dime-a-dozen drifting down the Clack.


And now, the cops want to ban alcohol on the Clackamas River? Gee, why don't you go ahead and impose a moratorium on illegal immigration and jaywalking while you're at it.

Dinsdale wrote:

trev wrote: If there was a buyer willing to pay what Mikey was asking

Are you insinuating that if he wanted to sell(which he's made it quite clear he doesn't), Mikey would likely price his house at a rate that's dictated by comparable properties in the area?


Man, move over, EF Hutton -- there's a new sheriff in Financetown.

there's a chance they wouldn't want a pool. Pools don't sell houses. The market is saturated with homes like his for sale. If he had new kitchen and baths he might have a chance in selling.

So... then if the prospective buyer has some issues with the property they're considering, they will then enter the negotiation phase, and try and negotiate allowances for things like kitchen and bath remodels, and costs for filling in a swimming pool?


Wow, you should open your own real estate brokerage, Trev... you're quite the financial-savant.

Dins, there aren't any buyers for a house like Mikeys right now. It's not that complicated. He stated he had Bode on the value of his house. He does have Bode, but not right now. Unless he wants to sell for a couple hundred thousand less than a few years ago and move to Missouri. Homes like his are not even being looked at.

Funny, a house on my street (very similar...with a pool) just sold about a month ago.

I assume that it was "looked at" before it was sold.

And BTW, whatever price it sold at was the "current market value" of that house.

You beginning to get how this thing works?

trev wrote:Homes like his are not even being looked at.

Really?

It doesn't take a Googlegenius to knock out a few keystrokes(assuming one remembers the name of the community where Mikey lives, which he's mentioned a few dozen times) to determine, beyond all doubt, that you have no fucking idea what you're talking about.


Looks like his medium-small town is doing around 30-40 homes a month, at an average price around a half-mil.


So apparently, some people are looking at houses like Mikey's. Not Mikey's, though -- since it's not for sale.

Mikey wrote: And BTW, whatever price it sold at was the "current market value" of that house.

And if you were to list yours for sale, this home that sold would be used as a baseline, and a price-per-square would be calculated, and provisions would then be made for things like lot size, level of landscaping, and additional features such as pools and spas and stuff?

And previous comparable sales formulate the "market price"?


Wow, this really is earth-shattering stuff. Good luck finding someone who wants to live on a view lot with a fancy yard and a view and a pool in LowCal, though. No one wants that. Not a desirable area.


Trev needs to find a better source of education from that she gets from her Desperate Housewives Club.

mvscal wrote:

Mikey wrote:You beginning to get how this thing works?

I doubt it. She's busy praying her husband will pass out drunk before blacking both her eyes again.

Your wife and I have that in common.

Your husband beats up mvscal's wife? That'll knock down her current market value.

Dinsdale wrote:

Looks like his medium-small town is doing around 30-40 homes a month, at an average price around a half-mil.


So apparently, some people are looking at houses like Mikey's. Not Mikey's, though -- since it's not for sale.

Ah, fug it, I'm about to hit the pool. Mikey will feel the splash all the way over to his place.

When the sad reality kicks in that you have no idea what you're talking about, always remember the Golden Rule --


Start dropping some killer IKYABWAI smack.


Trev, you're a fucking tard.

trev wrote:

Dinsdale wrote:

Looks like his medium-small town is doing around 30-40 homes a month, at an average price around a half-mil.


So apparently, some people are looking at houses like Mikey's. Not Mikey's, though -- since it's not for sale.

Ah, fug it, I'm about to hit the pool. Mikey will feel the splash all the way over to his place.

You must be really fat.

Goober McTuber wrote:

trev wrote:

Dinsdale wrote:

Looks like his medium-small town is doing around 30-40 homes a month, at an average price around a half-mil.


So apparently, some people are looking at houses like Mikey's. Not Mikey's, though -- since it's not for sale.

Ah, fug it, I'm about to hit the pool. Mikey will feel the splash all the way over to his place.

You must be really fat.

I am.

Baby, is that eyeblack, or was the gardener just happy to see you?

Dinsdale wrote:

Wow, this really is earth-shattering stuff. Good luck finding someone who wants to live on a view lot with a fancy yard and a view and a pool in LowCal, though. No one wants that. Not a desirable area.

Right down the street. The house has been on the market for a year and 4 months.

trev wrote: Right down the street. The house has been on the market for a year and 4 months.

Wow. You reallyreallyreallyREALLLLLLY don't understand one lick about this shit, do you?

Since the beatings are doing nothing to pound the lesson into your dense skull, I'll see if I can help.

There is no lack of home buyers in the LowCal area. Matter of fact, I know people who are shopping for real estate in the San Diego area. A quick check of the area(takes about 30 seconds) shows that while it's certainly not in a massive boom, there's plenty of activity in the area.


OK...if that didn't sink in, then read it again.

Which will take up right back to Square One, with you providing an example with which to KYOA.


Since your neighbor's house is in an area where there's decent real estate activity, yet it's been on the market for well over a year, what does that tell your majorly-idiotic fucking ass about its price in relation to current market value?


It's not that "no one is looking in this area," which is a completely fucking asinine statement, since I know people who are, and I live 1200 fucking miles from there. I'm quite certain your neighbor's MLS listing gets dozens of hits a day. Yet, it's not selling.


Now, Trevtard, see if you can figure out why it hasn't sold... and maybe just for giggles, maybe try coming up with a factual, intelligent reason, rather than the idiocy you've run out here so far.


I doubt there's an easier place in the entire country to sell a home, assuming it's priced at "going market rate." Of course, in an overpriced, highly desirable market, there's going to be huge shifts in what constitutes "current market value," since there's many factors at work there. But in the greater San Diego area, any house that's listed at a reasonable price as dictated by "market value" is going to sell quickly. Hence, Mikey using the term "current market value." It's when dumbfucks like your neighbor price at what they want to get for it that you get the market-dogs.


Really, really, really basic supply and demand shit, trev... though it's little suprise that the most basic economic principles are lost on Hausfrau.


Buyers in the market = X

Inventory = Y

Price is a function of combining situational numbers(like SF, lot size, pools, and whatnot) with the X and Y.


And frankly, if this is some crazy relelation to you, you're even dumber than you come across on this board... no small feat.


In fact, the main thing that's slowing the real estate market nationwide right now, are the dumbfuck Trevs of the world, who are getting their information from media outlets who are desperate for a doom-and-gloom story, rather than actual market figures -- for some odd reason, the newsmedia are waging this strange propaganda war with the real estate industry in this country, and I'm not sure anyone has a reasonable explaination as to why. But I guess if they're desperate for a headline, there's always suckers like trev who lap it up.

There are several homes around here for sale and have been for awhile. Are they all over priced?

By the way, there are 800 homes for sale in Mikeys little community. 1500 for sale in my town. (A small part of the entire county.) 30 homes out of 800 in Mikeys town sold according to your claim.

trev wrote:There are several homes around here for sale and have been for awhile. Are they all over priced?

Damn, you stupid fucking retard...


What does it take for you to learn something... anything?


I guess it's a DAMN good thing you were born with a pussy, since your brain obviously had no chance at getting you through life.


Why yes, Trev... those houses are all overpriced. Easy to do when you combine greed with a rapidly-fluctuating market.


Or, are you really this fucking stupid? Do you really believe that there's been ZERO home sales in Lower California, home to millions and millions of employed people?

Really?

I can post a link to show you that homes are, in fact, selling around the SD area. So, if there's demand, and market entries aren't selling...guess the fuck what, retard? See if you can apply the junior high school supply and demand lesson we've covered today, and see if you can figure out where the pricing of those homes sits in relation to "current market value."


Then again, it's dumbfucks like you who think "I paid this much, and I want to get this much, to cover my costs, so therefore my house is worth $Such-and-Such." And people who throw "current market value" out the window in favor of what they wish current market value was, tend to make a bunch of extra mortgage payments on a house they no longer want, and tend to pay a lot in fees associated with selling an overpriced house.


OK, Trev... let's maybe see if you can pass the remedial test.


Billy owns a house in Anytown, USA. Based on recent sales in Billy's neighborhood in Anytown of similar square footage and lot size, Billy's house is estimated to be worth ~$250,000.


Based on this information, what price should Billy list his house for?

A) $50
B) $150,000
C) $245,000-$255,000, since this would be in line with current market value
D) $4,000,000



Think you can hack that quiz, trev?

And if so, maybe you can use the lesson you covered today and apply it to everyday life, and be that much less of a dumbfuck.


ANY product is "worth" what the market will bear. Pretty sure humans have been familiar with this, the #1 rule of economics since the first bartering was done between ancient tribes.


Props on being dumber than a fucking caveman, trev.

Goober McTuber wrote:

Risa wrote:Or maybe the bigger issue isn't the price of real estate, it's the interest on loans one has to take out in order to acquire that real estate. You're a real estate agent? What's going on with that?

Around here, the rates are about 6.5-6.75% for 30 years. Historically speaking, that’s not a bad rate at all. You ignorant, tedious cunt.

It isn't? Except this isn't the past, this is now. And now, there's a world of hurt going down. And your rates are rising, not falling.

http://www.rismedia.com/wp/2007-07-09/m ... eclosures/
RISMEDIA, July 10, 2007—(MarketWatch)—More than a quarter million black and Hispanic families are expected to lose their homes in the next few years due to foreclosure. For many, the financial trouble will be traceable to a mortgage they should never have been given. The heads of these households signed up for mortgages that appeared affordable, some with enticingly low starter rates. But what they were really agreeing to were loans with ultimately onerous terms, high costs and prepayment penalties that make refinancing the loan difficult. The problem is worse for minority borrowers, consumer advocates say, because they were disproportionately pushed into these subprime mortgages even when, in some cases, they qualified for conventional financing. Subprime loans are generally made to those with blemished credit histories. And the troubles have been exacerbated by a confluence of perilous conditions in the housing market — dropping home prices in many areas, sloppy lending practices and insufficient regulatory oversight.....

http://www.bloomberg.com/apps/news?pid= ... refer=home
U.S. Housing Sales to Tumble to Six-Year Low on Rates.
July 9 (Bloomberg) -- U.S. home sales in 2007 will drop to their lowest level since the start of the five-year housing boom in 2001 as mortgage rates and foreclosures increase, according to a forecast by Freddie Mac. Sales of new and previously owned homes probably will total 6.28 million, down 7.1 percent from last year, according to the world's second-largest mortgage buyer. It would be the lowest since 6.20 million homes were sold in 2001. Residential lending will drop to $2.75 trillion, the lowest since 2002, the McLean, Virginia-based company said in today's forecast. Buyers are finding it more difficult to finance purchases because of higher mortgage rates and stricter lending standards, Freddie Mac said. The average U.S. rate for a 30-year fixed rate home loan probably will be 6.7 percent this quarter, according to the forecast. That's the highest level so far this year, and it's half a percentage point above the 6.2 percent average in the first three months of the year. ``Several risks -- the elevated levels of homes for sale, recent increases in mortgage rates, and rising foreclosures of subprime borrowers -- point to continued weakness in the months ahead,'' Freddie Mac Chief Economist Frank Nothaft said in the forecast. The number of previously owned homes on the market, the so- called inventory, reached a record 4.43 million in May, according to the National Association of Realtors.....

http://money.cnn.com/2007/07/09/real_es ... re_coming/
Mortgage resets: Record bill coming due --Billions in subprime ARMs will be subject to higher payments.

NEW YORK (CNNMoney.com) -- More than two million subprime adjustable rate mortgages (ARMs) are poised to reset at much higher rates in coming months, worsening an already suffering housing market. Borrowers who took out hybrid ARMs in 2004 and 2005 to secure low "teaser" rates for the first two or three years of the loan may see their monthly mortgage payments climb by 35 percent or more. Consumer groups and politicians worry that hundreds of thousands of subprime ARM borrowers will be unable to keep up with their mortgage payments and will lose their homes. "In October alone more than $50 billion in ARMs will reset," according to Mark Zandi, chief economist and co-founder of Moody's Economy.com. That's a record, according to Zandi. A buyer in 2005 with poor credit and limited means might have signed on for a $200,000 2/28 hybrid ARM, locking in a fixed rate of 4 percent for two years. After paying $955 a month, his bill would now be set to spike to $1,331, a 39 percent increase.....


http://online.barrons.com/google_login. ... ws_barrons
Garbage In, Carnage Out.
LOW INTEREST RATES AND LAX LENDING STANDARDS allowed millions of Americans to buy homes in the past few years, including many who lacked the means to repay their mountains of "subprime" debt. Now that mortgage rates are rising and the bill is coming due, these borrowers aren't the only folks who may be facing financial Armageddon. Attention has begun to turn in recent weeks to the trillion dollars or so of securities Wall Street rolled out in the past two years to fund the mortgages of less-creditworthy borrowers, who are starting to default in higher numbers. The losses on these ...

(and then you have to subscribe to get the rest of the story. bummer. but as you can see, shit ain't rosy, man. but you're right, i don't know shit about real estate. what am I not seeing, that you are, that says the picture is not so dire as the above journalists are painting it as? Are you a real estate agent? are you one of those dudes selling to illegals? or someone else who has a more complete picture than what's being painted here?)

(And then there's the racial, of qualified minority home buyers being pushed into subprime rates even when they qualified for better rates. That's the shit I was talking about, during Katrina, setting people up to fail instead of assisting people in succeeding. What's happening here, Goober? or do you not give a fuck as long as your own checks cash?)

Dinsdale wrote:In fact, the main thing that's slowing the real estate market nationwide right now, are the dumbfuck Trevs of the world, who are getting their information from media outlets who are desperate for a doom-and-gloom story, rather than actual market figures -- for some odd reason, the newsmedia are waging this strange propaganda war with the real estate industry in this country, and I'm not sure anyone has a reasonable explaination as to why. But I guess if they're desperate for a headline, there's always suckers like trev who lap it up.

Homelessness isn't a market figure. It's homelessness. Slightly off tangent, I know a Mormon dude who recently lost a home to foreclosure because he could no longer afford the payments. He was buying it with the intent of selling it at a profit. Unfortunately, the home has certain quirks that make it hard to sell in a 'normal' environment instead of the real media fed feeding frenzy of 'look how many people made millions flipping'. Flippers and illegals have been part of the problem. So have shitty lending practices; what looks good on paper aint really. But owning a home is freedom, and a tax break of mega proportions.

Mormon dude is lucky because he has friends and family to fall back on. What happens if you don't? And doesn't foreclosure fuck up your credit?

Real people are losing their homes, man. The media frenzy isn't about doom and gloom, it's about getting in a 'hot' market, and that's for buyers *and* sellers, those sellers trying to make Silicone Valley money off Peoria properties.

trev wrote:By the way, there are 800 homes for sale in Mikeys little community. 30 homes out of 800 in Mikeys town sold according to your claim.

Looks like they do 30-40 typically. Out of 800(which seems like a fairly high inventory for a city of 30,000), while there's more to it, it kinda averages out to 20 months turnaround. That's a high figure, BUT... that community features lots and lots of very high end homes, which are always going to be slower to sell, and are always going to exceed the average listing time, anywhere you go.



Sorry Trev, just ain't seeing the doom-and-gloom you're trying to sell here. And I doubt anyone else who gets their realty information from someplace besides some local paper's skewed estimation of it sees it that way, either.

Bottom line -- price a house near the current maket value, and unless it's in a community that's experiencing a vast exodus of the population(hint... none of those shrinking communities exist on the West Coast), then it will sell in a reasonable amount of time. Price it to high, and it won't. Price it too low, and it will sell quickly, and often spark a bidding war.

Sorry trev, but these are facts. And no amount of misguided casual observations by you will change them. Was that way before you were born, and it will be that way long after you honor the world with your death. But you wanna know the really funny part, trev?


You're quite possibly the only person on this entire board that doesn't have a grasp on these most basic of concepts... and there's some seriously stupid motherfuckers here. Yet you've distinguished yourself from the everyday, pedestrian tards... you, like cream, rose to the top...props.

mvscal wrote:

Risa wrote:(And then there's the racial, of qualified minority home buyers being pushed into subprime rates even when they qualified for better rates.

Pure bullshit.

Oh and if you think banks are setting up people to fail by defaulting on loans, you're a goddamn idiot. Of course that isn't exactly breaking news.

You're not gonna remember, but I remember when I balked about why sales places would sell a car to someone who couldn't really make the payments, and I was informed that the sales place didn't care, if the financing is approved it's approved and if shit goes south later they would just resell to someone else.

Why are banks giving people 2 and 3 year 'teaser' rates and 0% interest loans and telling people they can buy a home without setting up an escrow account to take care of all the essential incidentals at the end of the year that aren't going to be covered with that low low monthly payment?

You're a new home buyer. Who do you trust?

If you want to be a 'god damn idiot', that's on you. I don't see why you would
want to seek to play stupid, just because that's the role you've set up for yourself here,
man. But that's on you. Don't ask the rest of us to swallow your shit, though.

Yo Dins, saw the story I linked in the KC Star fishwrap this morning with a sidebar listing the top 10 cities for volunteerism that wasn't in the online version. Seems the U & L are well represented and not all coastal dwellers are lazy and selfish.

1 Minneapolis - St.Paul
2 Salt Lake City
3 Austin
4 Omaha
5 Seattle
6 Portland
7 Kansas City
8 Milwaukee
9 Charlotte
10 Tulsa

'bode you'se guys. Nice work.

Dinsdale wrote: In fact, the main thing that's slowing the real estate market nationwide right now, are the dumbfuck Trevs of the world, who are getting their information from media outlets who are desperate for a doom-and-gloom story, rather than actual market figures -- for some odd reason, the newsmedia are waging this strange propaganda war with the real estate industry in this country, and I'm not sure anyone has a reasonable explaination as to why. But I guess if they're desperate for a headline, there's always suckers like trev who lap it up.

Actually, the slump in the housing market has more to do with all the sub-prime lenders going belly up by lending to folks who couldn't make their payments and wound up in foreclosure. That and folks stupid enough to get into a variable % interest rate mortgage that shot thru the roof after a few years, increasing house payments hundreds of dollars a month that they couldn't afford, and thus more foreclosures.

Then you've also have all the people refinacing their homes and cashing out the supposed "equity" that in many cases is fictitious. Less than reputable mortgage companies working with bullshit appraisers have completely inflated the value/worth of many homes and put people in way over their head trying to making payments on a house they can't possibly sell for even close to what they owe on it. These fly by night lenders then sell the mortgage to some huge conglomo like Countrywide who treat mortgages like commodities. They don't give a fuck if there's families involved who may be put out on the street. They see numbers on a spreasdsheet. Even more foreclosures.

There have been close to two million foreclosures nationwide in the past year alone. Lenders are getting much stricter about who they'll finance a mortgage for. There's like a 6 month supply of brand new houses in many areas of the country that sit vacant awaiting buyers. Developers have cut back the number of new housings starts severely, waiting for their current inventory to move before they build more.

Not that you should believe what I say, being as how my company's very existance is tied directly to the new housing market. No, it's all some media conspiracy and trev which have slowed the housing market.

But seriously, the housing boom couldn't go on forever. While other industries struggled the past 10 - 15 years or so, the housing industry kept the economy afloat. Supply finally caught up with demand, and in many areas far surpassed it. That, and the above mentioned boondoggle of shady, fly by night sub-prime lenders caused it to collapse in on itself.

Waitaminute...


See if I got this right...


Risa, you're implying that minorities got ripped off in the recent housing boom, at a rate higher than that of the White Devil?

And you just decided this by reading an article that gives no statistics whatsoever, besides "a quarter of a million blacks and hispanics."


Aren't you old and wise enough to see alarmist propaganda when you see it, or are you so blinded by your racial hatred that you just refuse to see it?


Or, would you care to actually cite the ethnic makeup of the first-time buyers of the last 5 years, so we can see for ourselves what sort of percentages we're dealing with, and we can judge for ourselves if there's some ethnic disproportion at work here?


Come the fuck on. All someone has to do is so much as whisper "racism" from a far corner of the country, and you buy it hook line and sinker.


Hey Risa... guess what? A lot of white people are losing their houses, too. I'm not sure what percentage of forclosures they make up, since that hacked POS article you posted had an author who was afraid to actually cite numbers, since most likely facts didn't gibe with his propaganda that he's trying to sell papers with.


Gee, you sure bolded the letters "ARM" a lot in your citations.


But I guess you can't spell "Darwin" without the letters "A"(for "Adjustable"), and "R"(for "Rate").



See, if you sign a piece of paper that gives another party full fucking control of what they think you should pay every month, you're pretty much a dumbfuck. It was a great scheme for snake oil salesmen, but like their travelling carny counterparts of days gone by, it only works on retards.


Sorry Risa -- that shit don't fly. You are everything that is wrong with race relations in this country... no accountability whatsoever.


Just jump on the White Devil for signing people to contracts. I suppose you do have a point -- as mvscal constantly reminds us, African Americans show quite the affinity for being dumbfucks, and a large part of maintaining "African American culture" is to eschew education, since that's a vice of Whitey. See, now if the nogs in question would have attended school, and learned to read, heaven forbid learned how to do some simple 'rithmetic, they would have ...


are you fucking sitting down?


They might have ACTUALLY READ THE PAPERS THEY WERE SIGNING.


I know, I know...


It's the White Man's fault that minorities refuse to read paperwork before signing their name to it and signing on for hundreds of thousands of dollars in liability.

I know. It's my fault.



It's been said that "a fool and his money are soon parted." Ain't my fucking fault that fools come in all races and ethnic groups.


If you couldn't afford it, you probably shouldn't have bought it, eh?


And as far as putting blame on "flippers"... Not sure where home renovators got such a bad rap, but trust me, they have NOTHING to do with anything related to interest rates, housing availability, or anything else. Sure, there's some complete fucking idiots who thought that their ability to get a fairly low interest loan all of a sudden qualified them as a realtor, appraiser, estimator, architect, project manager, and not just any old construction journeyman... no, siree -- getting a loan qualified them as foreman.



I never figured out how people's resume' grew so exponentially huge just because they signed some papers, but again -- there's complete dumbfucks in every segment of society. Black, white, yeller,and beaner. Dumbfucks abound.

War Wagon wrote:not all coastal dwellers are lazy and selfish.

'bode you'se guys. Nice work.

That's why it was laughable in the first place. Mercy Corps is based in Portland, and the list of disasters and whatnot where they are the first charity/relief group to show up for, and are the last to leave is staggering.


I believe they were the first private charity to show up for Katrina, even though they're halfway across the country. They do almost $200,000,000 in charity work(plus time, obviously) per year, and a huge chunk of that is raised locally, and distributed globally.


That's a pretty fucking impressive number, considering the small area in which they have a strong donation based. Any time there's a disaster along the lines of Katrina or Asian Tsunami, our local hospitals become understaffed for doctors and nurses.


Because that is how we roll.


And if the government fatcats didn't take our paychecks by force, we'd give even more. Much more. You know, kind of like it was for the first 150+ years of this country's existence. You know... people volunteering their assets and time, to help their fellow man out as they see fit.

mvscal wrote:

Mikey wrote:You beginning to get how this thing works?

I doubt it. She's busy praying her husband will pass out drunk before blacking both her eyes again.

Nice, but with FUBUTard being banned here, you can't get full credit for the NoCal reset.

dins, for someone who rents a room and doesn't even own a house you sure have a lot of opinions on this. The problem is, So Cal ran out of first time buyers that could afford $600,000 for a home. That's a fact. 5% of people in San Diego now fall into the category of affording that kind of price.

Rack Fu wrote: Just so I got everything straight in my head...

Judging by the humorless, moronic posting style displayed, your sloped forehead and the feeble brain matter behind it has never once gotten anything 'straight'. I fear for law enforcement in this country knowing that you're somehow a part of it. Must have been nepotism at work there, because you couldn't possibly have ever passed any testing procedure beyond rubbing two rocks together.

You drive a forklift for a living, right?

About 10 years ago, I occasionally drove a forklift. Wasn't a major part of my job description, but I'd sometimes do it if the need arose. I'm also not above sweeping the shop floor or picking up trash in the parking lot, even today.

So tell me, how's it feel to get smacked around by a forkilft driver/janitor?

It must really suck.

Have a nice day Barney Fu, and try not to hurt yourself. Keep that lone bullet they issued in your shirt pocket.

Tulsa ranked 1st on this list, in terms of volunteer hours per person; 10th in per capita volunteerism.

Mike the Lab Rat wrote:I was going to do some charity work.

But then the compelling arguments of Terry and Bri in the other thread convinced me that charity is the government's job.

If that's the case, then you misunderstood my argument.

I reject the notion that charity work is an either/or proposition. Both/and works for me. I'm actually less concerned with who does it than whether it gets done. Obviously it's not getting done, at least not to the extent it needs to be.

So instead, I'm having a beer.

Cool. Have one for me too, since I don't get summers off. I doubt I'll be home before 10 PM tonight.

War Wagon wrote:

Rack Fu wrote: Just so I got everything straight in my head...

Judging by the humorless, moronic posting style displayed, your sloped forehead and the feeble brain matter behind it has never once gotten anything 'straight'. I fear for law enforcement in this country knowing that you're somehow a part of it. Must have been nepotism at work there, because you couldn't possibly have ever passed any testing procedure beyond rubbing two rocks together.

You drive a forklift for a living, right?

About 10 years ago, I occasionally drove a forklift. Wasn't a major part of my job description, but I'd sometimes do it if the need arose. I'm also not above sweeping the shop floor or picking up trash in the parking lot, even today.

So tell me, how's it feel to get smacked around by a forkilft driver/janitor?

It must really suck.

Have a nice day Barney Fu, and try not to hurt yourself. Keep that lone bullet they issued in your shirt pocket.

This is the absolute best you can come up with and feel as though you "ran me?" Feel free to highlight the part where you smacked me around. I must've missed it.

I'll be laughing about that all day. Thanks for the chuckle first thing in the morning.

I know that you're all about this volunteerism thing that must make you midwesterners so great but if your boss, job description, and paygrade dictate that you sweep and pick up trash, that's not volunteering. Spin it how you want but if you worked at an adult video store, you'd be mopping up jizz. You wouldn't be managing the store or working behind the counter. Jizz mopping is your job equivalent. Props on going the extra mile.

War Wagon wrote: I'm also not above sweeping the shop floor or picking up trash in the parking lot.

Trust me when I say this - there's isn't one single person on this 'board that feels that sweeping floors and picking up trash is beneath you. If you added cleaning toilets to your already stellar resume, you'd be right where we expected you to be. Not bad for a guy in his 40's. Your kids could be dwarves and still clear that high bar that you've set for them. Every parent's wish is that their kid has a better life than they did. Some kids are burdened with being the child of great and/or successful people. It'll be hard for them to accomplish what their parents have. It cannot be easy being Martin Luther King III. Those Gates kids got big shoes to fill as well.

Your kids will carry no such burden with them throughout life. Hell, they already got dad beat if they just supervise the people that pick up trash and sweep floors (and occasionally drive a forklift). You don't even need one of those fancy college degrees for that.

Sweep Wagon

Mop Wagon

Trash Wagon

Jizz Mop Wagon

Midwest Wagon




Endless fun ........

Risa wrote:

Goober McTuber wrote:

Risa wrote:Or maybe the bigger issue isn't the price of real estate, it's the interest on loans one has to take out in order to acquire that real estate. You're a real estate agent? What's going on with that?

Around here, the rates are about 6.5-6.75% for 30 years. Historically speaking, that’s not a bad rate at all. You ignorant, tedious cunt.

It isn't? Except this isn't the past, this is now. And now, there's a world of hurt going down. And your rates are rising, not falling.

http://www.rismedia.com/wp/2007-07-09/m ... eclosures/
RISMEDIA, July 10, 2007—(MarketWatch)—More than a quarter million black and Hispanic families are expected to lose their homes in the next few years due to foreclosure. For many, the financial trouble will be traceable to a mortgage they should never have been given. The heads of these households signed up for mortgages that appeared affordable, some with enticingly low starter rates. But what they were really agreeing to were loans with ultimately onerous terms, high costs and prepayment penalties that make refinancing the loan difficult. The problem is worse for minority borrowers, consumer advocates say, because they were disproportionately pushed into these subprime mortgages even when, in some cases, they qualified for conventional financing. Subprime loans are generally made to those with blemished credit histories. And the troubles have been exacerbated by a confluence of perilous conditions in the housing market — dropping home prices in many areas, sloppy lending practices and insufficient regulatory oversight.....

blah-blah-blah

(and then you have to subscribe to get the rest of the story. bummer. but as you can see, shit ain't rosy, man. but you're right, i don't know shit about real estate. what am I not seeing, that you are, that says the picture is not so dire as the above journalists are painting it as? Are you a real estate agent? are you one of those dudes selling to illegals? or someone else who has a more complete picture than what's being painted here?)

(And then there's the racial, of qualified minority home buyers being pushed into subprime rates even when they qualified for better rates. That's the shit I was talking about, during Katrina, setting people up to fail instead of assisting people in succeeding. What's happening here, Goober? or do you not give a fuck as long as your own checks cash?)

It's not just real estate. What’s happening is that idiots are failing. Nothing new. I would never consider buying a house without being represented by either:

1) One of several good realtors that I know, or
2) (holdmynose)An attorney(/holdmynose).

Either of those would steer you away from a teaser/ARM loan, and into a house you could afford. BTW, 6.75% is not outrageously high for a mortgage. As a buyer, you have to look at what you can afford, and that will be affected by loan rates. I refinanced a few years ago at 5.375%, and yes, I’m quite happy that my checks clear.

And I believe that it’s already been pointed out that homeowners of all races have fallen victim to the subprime lenders. You tedious, race-baiting cunt.

Goober McTuber wrote:It's not just real estate. What’s happening is that idiots are failing. Nothing new. I would never consider buying a house without being represented by either:

1) One of several good realtors that I know, or
2) (holdmynose)An attorney(/holdmynose).

Either of those would steer you away from a teaser/ARM loan, and into a house you could afford. BTW, 6.75% is not outrageously high for a mortgage. As a buyer, you have to look at what you can afford, and that will be affected by loan rates. I refinanced a few years ago at 5.375%, and yes, I’m quite happy that my checks clear.

And I believe that it’s already been pointed out that homeowners of all races have fallen victim to the subprime lenders. You tedious, race-baiting cunt.

Rack that. If you can't get qualified for a conventional mortgage, don't buy a house. It really is that simple. There are some very limited exceptions to this rule (say doctors just getting out of med school) but for the most part, if you look at your loan's amortization schedule and can't afford any possible portion of it now, then you probably won't be able to afford it when it comes due 10 years from now.

The only reason to get into an ARM is if you're pretty sure you'll be selling (or refinancing) within 5 years or so. You can save some major $$ on your monthly payments that way but, even then, you'd better be willing to suffer the consequences if the value of your home is less in 5 years than it is now (or that interest rates will be higher). There's not much chance of that happening. We're in a falling market right now, in a lot of places. This has happened before but in the long term prices tend to rise and they will keep on doing so, in the long term.

We refinanced last year at 5.5% fixed for 15 years on a 40 year amortization. And we're paying "interest only" for that 15 years. After 15 years it becomes an ARM. This may seem like a dumb thing to do but be we have our reasons. We're not planning on being here in 15 years. I'll be 66 and probably won't want to take care of an acre of land and a pool. If we do decide to stay, we can refinance then.

As far as the interest only part, right now our equity in our home is well over 50% based on "current market value" ('sup trev). We wanted to minimize our payments because a) the first of our two kids is starting college this year and b) there are better places to put that money, like my 401K where it grows instead of just sitting there, than into paying off the loan (we can pay it down anytime we want to). If the value of the home increases, that increase is mine whether I'm paying down the principal or not. There's always the possibility that the value of the home could decrease, as it has in the past year, but there's little or no chance that it will fall to the point where we're "upside down". No matter what trev seems to think, even in a falling market the value of your house does not suddenly become zero. It's a chance I'm willing to take.

mvscal wrote:

Risa wrote:(And then there's the racial, of qualified minority home buyers being pushed into subprime rates even when they qualified for better rates.

Pure bullshit.

Oh and if you think banks are setting up people to fail by defaulting on loans, you're a goddamn idiot. Of course that isn't exactly breaking news.

[sarcasm]Why would a bank want someone to pay on a house for five to ten years then take it back and be able to sale it at at least a 5 to 10% appreciation... [/sarcasm]

Luther is gonna kill me.

Rack Fu wrote:This is the absolute best you can come up with and feel as though you "ran me?" Feel free to highlight the part where you smacked me around. I must've missed it.

You ran forklift smack -- which is like calling Catfish, one of the greatest posters of SC lore, out for being a forklift operator, instead of taking his smack on head to head. You -- who had to live off your wife, while fucking around before finally getting the call from the feds. It's great you're a G-Man, now. The nation needs people who care about the job, and not the paycheck, to do the job of protecting this country. But somebody has to pick up, distribute, deliver, move all the physical shit that makes your job easier. Maybe more people should do those 'jobs which are beneath' great Americans like yourself. Or are you one of those slobs who is only willing to pay illegal alien wages for real work?

I know that you're all about this volunteerism thing that must make you midwesterners so great but if your boss, job description, and paygrade dictate that you sweep and pick up trash, that's not volunteering.

That's picking up a paycheck and doing an honest day's work, instead of sitting on one's ass and cooking up whatever meth the illegals don't bring in with them.

I guess there are jobs that are 'beneath' Americans -- white Americans. I seem to remember certain assholes here talking shit about how blacks think certain jobs were too good for blacks. I thought then -- as you confirm now -- that it wasn't because those assholes thought that any honest job is a good job, but that those assholes thought that blacks were beneath them, and that blacks should be happy, willing and eager to do the very jobs that said assholes wouldn't touch with a 10 foot pole.

Yeah, I guess there are jobs that are 'beneath' Americans. And while some of you snicker at blacks for not being the beasts of burden working for shit wages you think blacks should be honored to receive, illegals are laughing at everybody, including your asses, and taking over while you think they're being just happy to accept anything.

Spin it how you want but if you worked at an adult video store, you'd be mopping up jizz.

Somebody has to do it, and be paid well for it, hazmat gear and all. Pity the person who actually spewed that jizz in the first place.

You wouldn't be managing the store or working behind the counter.

A good manager knows, and will do, EVERY job in the store. That's why Apu is kicking ass at the Kwik-E Marts.... and that old skit from In Living Color about the jamaican Headleys was also on target.

Something has gone wrong with America and native born Americans. I don't know what it is. Just because you don't want to do something for the rest of your life, shouldn't mean you aren't willing to do it so that you don't in the future. If you didn't have your wife to support you, what would you have done to support yourself while waiting for the call to be a G-Man? If your wife wasn't there and you had kids to feed, while waiting for the call, what wouldn't you do to make sure they were fed and clothed and had a roof over their head? And now I'm thinking about all those chronically unemployed white collar workers........ who were waiting for the same sit on your ass job making the same pay and benefits as the one that got shipped to India, instead of Making Their Time (to steal a phrase from somebody who's probably banned here) for the future.

Jizz mopping is your job equivalent. Props on going the extra mile.

G Man who lived off his wife can never talk shit about anybody. Period.

War Wagon wrote: I'm also not above sweeping the shop floor or picking up trash in the parking lot.

Trust me when I say this - there's isn't one single person on this 'board that feels that sweeping floors and picking up trash is beneath you.

And then there's a number of us (if I may speak for some) who feel that the same is beneath no one, not even you.

If you added cleaning toilets to your already stellar resume, you'd be right where we expected you to be.

You are a man. I remember cleaning men's rooms when I worked at a certain restaurant as a teen............................. and I remember my father doing the same after his day job in order to put us kids through private school. A clean bathroom makes customers happy. It makes employees happy. It makes a good impression behind the scenes.

Whoever is doing your janitorial work should go on strike for a week. Or a month, or several months (like what apparently happened to where I work, somebody couldn't agree on conditions for a new contract) -- all the shit you take for granted, you wouldn't take for granted anymore.

Not bad for a guy in his 40's. Your kids could be dwarves and still clear that high bar that you've set for them.

He's not a pot head/meth head/crack head/faking a disability. He's not living off his parents -- or his wife.

Every parent's wish is that their kid has a better life than they did.

Every parent would do better not to live life vicariously through their children. You don't give your kid a better life by handing them life on a silver platter. You don't give your kid a better life by doing everything for them.

Some kids are burdened with being the child of great and/or successful people. It'll be hard for them to accomplish what their parents have. It cannot be easy being Martin Luther King III.

Why should MLKIII have to be shot at and jailed and receive death threats in order to be as respected as his father, a man who was (and continues to be) HATED by much of this very same country? MLKIII is not Paris Hilton, he is working for social justice, so it's still all good... even if it doesn't bring the same traumas of his father's day. That's making life better for your kids.

Those Gates kids got big shoes to fill as well.

Those Gates kids have two very wise parents who aren't making William Patrick Kennedy mistakes with their children's upbringing.

Your kids will carry no such burden with them throughout life. Hell, they already got dad beat if they just supervise the people that pick up trash and sweep floors (and occasionally drive a forklift).

Somewhere along the way, supervising became less about making sure a job was done right, and more about avoiding work and blaming it on one's subordinants if work was done improperly. If you're understanding of supervision is only Tom Sawyering it (or George Bushing it), no wonder this country is going to hell in a handbasket.

You don't even need one of those fancy college degrees for that.

You just need to know what you're doing, and care about the outcome.

Why would I want to work as a "babysitter"? Don't we have books of matches for that?

sincerely, Fuhara Love

Risa wrote:Luther is gonna kill me.

I wish. Your MO is typically to tard the fuck out of this place for a while, then disappear again, giving us 3 or 5 months of peace. So tell me this, you tedious, race-baiting, coma-inducing cunt, how long do you plan to stay this time?