10 Reasons It's A Terrible Time To Buy An Expensive House


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My take on the soft existing home sales numbers today
By Logan Mohtashami in RealEstate in Irvine CA 92603   223 comments, latest 9 seconds ago:
Logan Mohtashami says Even the most bullish housing bull has cut E.H. sales so bad that it shows no growth to 2016 http://loganmohtashami.com/201 … pic.twitter.com/U9cB8TXaZJ

California house sales hit six-year low
By golfplan18 in RealEstate in Irvine CA 92620   10 comments, latest 1 minute ago:
Strategist says The Professor says exfatguy says The government will sidestep banks and offer 0% loans with up to 100 year terms. Less than $850 a month to OWN (not including taxes, insurance, and maintenance)...

The Alienation of Work
By Indiana Jones in Misc   3 comments, latest 2 minutes ago:
mmmarvel says dublin hillz says The alienation present in the soviet union was actually very monstrous - waiting for hours in line to buy chicken and then all of a sudden being turned back when...

It's not the fed
By iwog in Economics in Lafayette CA 94549   14 comments, latest 2 minutes ago:
iwog says Heraclitusstudent says 95% of new revenues since 2009 went to the top 1%. You don't think maybe there is a relation between this and that? This has nothing whatsoever to do with fed...

Corrupted Capitalism and the Housing Crisis
By hrhjuliet in RealEstate   11 comments, latest 2 minutes ago:
hrhjuliet says What if the Nazi's owned a market and their goods were cheaper than Wal-Mart? My guess is most Americans would shop at the Nazi owned store. Why? Because they fund and support atrocities...

Five groups that lie about the housing market
By Tim Aurora in RealEstate   31 comments, latest 3 minutes ago:
bubblesitter says CDon says So we can put you on record then? Are you saying to the sitters that do not want to pay say 500K in 2014, if they wait 3 more years until...

#1 Cause of Death,
By indigenous in Misc   posted 14 minutes ago:
Jot down what you think was the single highest cause of unnatural death,world wide, over the last 100 years..then listen to this... let me know if you got it right (I did not) https://www.youtube.com/embed/

The Housing Recovery That Never Was is Over
By smaulgld in RealEstate   83 comments, latest 16 minutes ago:
Strategist says smaulgld says Could be a good mid/long term strategy but there is a decent amount of existing homes to be sold With such low inventory? smaulgld says A good play might be a...

Patrick.net Tips And Tricks
By Patrick in Suggestions in Menlo Park CA 94025   27 comments, latest 33 minutes ago:
jazz music says What's up with user B u b b a b e a r ? ? He can delete posts no matter where they appear. He/she deletes my posts censuring the slightest sign...

McMansions are a major cause of our economic problems
By tovarichpeter in RealEstate in South San Francisco CA 94080   21 comments, latest 35 minutes ago:
hrhjuliet says Wouldn't it be nice if the "housing recovery" meant more quality and aesthetic homes available to working families? Home prices are completely out of reach for the middle-class, and in Silicon Valley out...

Money has corrupted us. We no longer understand what it's worth
By hrhjuliet in RealEstate   4 comments, latest 41 minutes ago:
hrhjuliet says The article I posted is well written, but I am afraid above the education level of most Americans. It is also not as applicable to Americans, since it refers to social norms of...

Rent or buy? This map has the answer
By Call it Crazy in RealEstate   3 comments, latest 1 hour ago:
Strategist says CaffeineAddict says Ask yourself why the rich Chinese are not buying in the best place to buy according to this map - Baltimore, but instead buy in the worst place - San Francisco....

need advice from you awesome PatNetters
By AdamCarollaFan in Investing in Sacramento CA 95826   30 comments, latest 1 hour ago:
indigenous says zzyzzx says Buy low. Sell high. Works every time!!! Cept when you are shorting (8^(l)

Advice to Democrats: Don't say 'recovery'
By Call it Crazy in Politics   30 comments, latest 1 hour ago:
Call it Crazy says Call it Crazy says I was expecting Iwog or Edvard to be the first ones to blame the GOP... You beat them to the punch... edvard2 says There's a reason we...

Basketball Commissioner Says NBA is "Too Black."
By Blurtman in Misc   7 comments, latest 1 hour ago:
dublin hillz says If a bunch of crackas and wiggas were to play in the nba, the product would become unwatchable.

Voters open to tweaking prop 13
By tovarichpeter in RealEstate in South San Francisco CA 94080   7 comments, latest 1 hour ago:
JH says mell says People have no idea what their taxes will be in the future and if they will be reasonable. Why should the housing market be exempted? If the county/state can change property...

Bay Area Obamacare mystery: Where are the patients?
By BayAreaObserver in Healthcare   11 comments, latest 1 hour ago:
elliemae says marcus says I've had health care for many years, but rarely go to the doctor. Really? I go to the doctor every day - sometimes 3 or 4 times per day, simply because...

A $58,000,000 severance
By JH in Economics in Fullerton CA 92833   15 comments, latest 1 hour ago:
JH says mell says Yes, this is our money, but it's after the fact. You get what you voted for, more of the same. It's a one party system robbing the taxpayer. Since it is...

Why not Jesse?
By The Professor in Politics   20 comments, latest 1 hour ago:
Ceffer says mmmarvel says Ceffer says That will induce raging, paranoid ideation, Um, I thought he was already there. Good Lord, don't tell me that it's his natural condition. Only the worst president ever!!! I...

15 funniest People of Walmart photos
By lostand confused in Misc   3 comments, latest 2 hours ago:
sbh says But you're not understandable at any level. Oh, I get it, you were home schooled, with banjo music playing. Paddle faster, Cap, somebody thinks you've got a purty mouth.

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RealEstate News

Fri 18 Apr 2014
California house sales hit six-year low(sponsored link)
House Price Graph (mylife.com)0 comments
Sq ft 84 - Possessions 305 (nytimes.com)2 comments
Five groups that lie about the housing market (patrick.net)29 comments
Voters open to tweaking prop 13 (sacbee.com)7 comments
Housing Bubble 2.0 Veers Elegantly Toward Housing Bust 2.0 (investmentwatchblog.com)5 comments
The Housing Recovery That Never Was is Over (smaulgld.com)83 comments
Rent Increase or Purchasing Power Decline? (deptofnumbers.com)0 comments
Property taxes going up in CA (scpr.org)10 comments
Housing Market Slow to Hit Its Spring Stride (yahoo.com)2 comments
Are Chinese losing confidence in their property market? (forbes.com)4 comments
Here's why the rest of 2014 will be rough for housing (housingwire.com)10 comments
Freddie, Fannie reform will foil housing reflation efforts (ochousingnews.com)1 comments
These Deals Adding Danger To China's Real Estate Market (ibtimes.com)0 comments
Americans build tiny houses and new lives (bbc.com)0 comments
McMansions are a major cause of our economic problems (salon.com)21 comments
Bay Area at high risk of landslides (mercurynews.com)0 comments
The densest settlement in the world (cnn.com)3 comments
Americans Are Starting to Miss More Mortgage Payments (yahoo.com)13 comments
Frustrated house shopper takes revenge on new homeowner (ochousingnews.com)2 comments
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The Housing Trap

You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50
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