Patrick.net

Buy now before the new wave of foreclosures!

By RentingForHalfTheCost   Follow   Thu, 13 Sep 2012, 8:46am   13,586 views   251 comments
In Pleasanton CA 94566   Watch (0)   Share   Quote   Permalink   Like (3)   Dislike (3)  

Quick Iwog and Roberto and all you investors. These boarded up, rat infested houses will only be more plentiful later. Why wait, overpay for them now because this is a once in a lifetime event. Become the slum lord you always knew you could. You can do it!

http://money.cnn.com/2012/09/13/real_estate/foreclosures/index.html

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1. Raw Follow Befriend 10 threads 694 comments

   212   3:12pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says You're right it is simple. Demand is down because prices are inflated. See how that works? More facts for you to deny: http://lansner.ocregister.com/2012/09/18/report-o-c-home-prices-up-12/166390/

2. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   213   3:13pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Um, sure. I believe everything I read in the media today.

3. tatupu70 Follow Befriend (3) 15 threads 5,642 comments

   214   3:17pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   David9 says Um, sure. I believe everything I read in the media today. That's my favorite comeback. When the media says something that disagrees with my preconceived notion, the media is wrong. When it says something I agree with, I post it as a new thread and herald it on pat.net.

4. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   215   3:20pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says the media is wrong Spun, lacking all the facts, tailored to project a certain viewpoint is more accurate. Ever hear of Enron accounting?

5. tatupu70 Follow Befriend (3) 15 threads 5,642 comments

   216   3:25pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   David9 says Spun, lacking all the facts, tailored to project a certain viewpoint is more accurate. Ever hear of Enron accounting? How about you lay out where you feel the article is biased, which facts it omitted or misrepresented, how the author is drawing a poor conclusion, etc. It's a much better argument than just saying the media is wrong.... Otherwise you sounds like Goran. And that's not a good thing.

6. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   217   3:38pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says How about you lay out where you feel the article is biased With that article? That's too easy. 1.) "Developers are getting housing fever" What is this? An erection or the flu? 2.) "Please note that the NAHB/Wells index comes from a builder survey that tabulates “a seasonally adjusted index where any number over 50 indicates that more builders view sales conditions as good than poor.” I give this article credit, it actually states the data used is in their favor. This is a fluff article with no facts. Maybe I am wasting MY time answering your question!

7. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

   218   4:13pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says More facts for you to deny: http://lansner.ocregister.com/2012/09/18/report-o-c-home-prices-up-12/166390/ Invoking the lies of an organization like NAR and Realtor? mmmkay. Let's see what happens to prices when there's a normal six month supply of homes.

8. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

   219   4:22pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Raw says More facts for you to deny: http://lansner.ocregister.com/2012/09/18/report-o-c-home-prices-up-12/166390/ That's a BS article designed to help the Realtors who placed ads above and below the article. It's just disgusting what people will do for a few bucks.

9. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   220   4:28pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   ELC says It's just disgusting what people will do for a few bucks Like the open house I went to last weekend, a young couple loan owners, 1 baby, another on the way, and they have to fork out over $45,000 to avoid a short sale. No shame, no ethics, no decency on the part of these people.

10. tatupu70 Follow Befriend (3) 15 threads 5,642 comments

    221   4:52pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   David9 says This is a fluff article with no facts. Maybe I am wasting MY time answering your question! Wow--you are really grasping for straws. I notice you didn't post this quote "So, the West isn’t yet cured from the long housing drought, but the survey indicates local builders see opportunity for new home sales." or this one: "Given the fragile nature of the housing and economic recovery, these are significant red flags" I'm not saying it's a great article, but it's far from a housnig shill. And you gloss over the actual data in it? The article details builder confidence over the last 8 years. You say the data is in someone's favor? Not sure how you come up with that one.... What does that even mean? Data is data. Was it in their favor in 2009?

11. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

    222   5:01pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   tatupu70 says Wow--you are really grasping for straws. Patrick has just posted 4 excellent articles within the last half hour. The one I commented on has orange highlighted links to other articles to back up the facts stated.

12. Raw Follow Befriend 10 threads 694 comments

    223   5:02pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   David9 says ELC says It's just disgusting what people will do for a few bucks Like the open house I went to last weekend, a young couple loan owners, 1 baby, another on the way, and they have to fork out over $45,000 to avoid a short sale. No shame, no ethics, no decency on the part of these people. LOL So you don't pay your bills, squat free for 3 years, and it's the bank that has no shame?

13. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

    224   5:07pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   Raw says LOL So you don't pay your bills, squat free for 3 years, and it's the bank that has no shame? I get a lot a laughs out of this site too. Ok, my turn to use the 'straw man' term. I was told, the young couple are selling the property for 325K after buying it for 370k in 2008. They are firm on the price as they want to 'avoid a short sale', which I stated in my original post. Not knowing these people personally, but if told they are willing to take a loss on a property to 'avoid a short sale' would imply they have not squatted.

14. Goran_K Follow Befriend (4) 25 threads 1,520 comments Laguna Beach, CA Premium

    225   5:24pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   They're lucky. Very few underwater homeowners can come out $45,000+ out of pocket to avoid a short sale. A lot of short sales I've seen, the debtors can't even come out of pocket $10,000 to cover a second lien or an HOA lien. Literally tapped out of money.

15. tatupu70 Follow Befriend (3) 15 threads 5,642 comments

    226   5:35pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   David9 says Patrick has just posted 4 excellent articles within the last half hour. The one I commented on has orange highlighted links to other articles to back up the facts stated. And by excellent, you mean expressing an opinion that is similar to yours.

16. iwog Follow Befriend (48) 274 threads 12,558 comments 47 male Lafayette, CA Premium

    227   6:34pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says No PooPoo. They are articles that reflect truthfulness and reality. Naw, that's bullshit. Any time anyone disagrees with you regardless of topic or support or even using the wrong word, you call them a liar and a realtor. There are no exceptions. Your conduct here is pathetic and childish.

17. Goran_K Follow Befriend (4) 25 threads 1,520 comments Laguna Beach, CA Premium

    228   6:43pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says No LieWog I like that one. LieWog. lol

18. iwog Follow Befriend (48) 274 threads 12,558 comments 47 male Lafayette, CA Premium

    229   6:43pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says No LieWog..... Prices are falling, inventory is massive and growing and demand is eroding and that is precisely what Mr. Patricks articles reflect. Your willingness to lie, distort and misrepresent the truth defines you. That really wasn't the point, but thank you for proving me right.

19. iwog Follow Befriend (48) 274 threads 12,558 comments 47 male Lafayette, CA Premium

    230   6:50pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Goran_K says Darrell In Phoenix says No LieWog I like that one. LieWog. lol Yes, you always seem to jump in with an opinion when it's a flame war. When it's an actual topic, you tend to go and hide. Y'all don't understand this concept, but character does matter.

20. iwog Follow Befriend (48) 274 threads 12,558 comments 47 male Lafayette, CA Premium

    231   6:54pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (2)   Dislike   People are defined by the company they keep and Goran has chosen to throw his lot in with the most vile troll on the board. Someone who has been banned repeatedly because he can't be civil under any circumstances. See how it works?

21. guruoracle Follow Befriend 25 comments

    232   7:01pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says Housing Demand in Contra Costa County can only be described as CRATERING as evidenced by this chart. What happens when prices inflate? Demand craters. Not in Danville, Alamo, Blackhawk! I bought 6 months ago and my value is now up $150k. Granted I bought a fixer (didn't cost much to fix up), but still prices are up around here and my payment is CHEAPER than rent! I am in the process of refinancing and will be rid of PMI and living well.. I LOVE my house and do not see any foreclosures in my area. I'm GLAD we bought!

22. guruoracle Follow Befriend 25 comments

    233   7:04pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   ELC says Darrell In Phoenix says More facts for you to deny: http://lansner.ocregister.com/2012/09/18/report-o-c-home-prices-up-12/166390/ Invoking the lies of an organization like NAR and Realtor? mmmkay. Let's see what happens to prices when there's a normal six month supply of homes. Who cares if my house payment is CHEAPER than rent!

23. Bigsby Follow Befriend 2,826 comments Monterey, CA

    234   7:40pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   Darrell In Phoenix says The minute truth is spoken here, you invoke "troll" and other accusations. Why is that? Probably because you're a troll.

24. robertoaribas Follow Befriend (23) 55 threads 3,801 comments Scottsdale, AZ robertoaribas's website

    235   7:43pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   guruoracle says Darrell In Phoenix says Housing Demand in Contra Costa County can only be described as CRATERING as evidenced by this chart. What happens when prices inflate? Demand craters. Notice the lying POS darrel is posting some other chart than what he claims... see the right hand side is scaled in "%"? % of what? he doesn't say... this is percent of sales that are bank owned or something, and NOT price or demand or anything of the sort. go to zillow yourself, and look at their data, he posts the same lying/misleading charts about Phoenix on other threads. He should be banned from here, lying to readers is no kind of help or service to them.

25. Bigsby Follow Befriend 2,826 comments Monterey, CA

    236   7:46pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   It's not an accusation, it's a fact. You throw insults around in pretty much every single post. Your posts are devoid of facts. You never address any of the questions people ask you. You simply regurgitate the same tired old lines - you may as well have a Word document open with your quotes and copy and paste them for all the difference it makes. You, Dullell, are a troll. If that bothers you, then stop posting like a sugared up 12 year-old. And remind me again what I was lying about today. I'll be waiting.

26. Bigsby Follow Befriend 2,826 comments Monterey, CA

    237   7:49pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says Imagine.... you... a person who got caught flat out lying to the readers here today throwing accusations. You're dishonest and every post of yours is devoid of truth. Again, what was I lying about?

27. Bigsby Follow Befriend 2,826 comments Monterey, CA

    238   8:00pm Tue 18 Sep 2012   Share   Quote   Permalink   Like   Dislike   Darrell In Phoenix says And then you play stupid about it. Give it up. You are accusing me of lying (as usual). I am saying I didn't lie. The onus is on you to demonstrate how I was lying. As usual, you are just playing your childish games. Remind me again why you, Dullell, a supposed adult, troll a real estate website.

28. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,014 comments Pleasanton, CA Premium

    239   8:10pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (2)   Dislike   robertoaribas says guruoracle says Darrell In Phoenix says Housing Demand in Contra Costa County can only be described as CRATERING as evidenced by this chart. What happens when prices inflate? Demand craters. Notice the lying POS darrel is posting some other chart than what he claims... see the right hand side is scaled in "%"? % of what? he doesn't say... this is percent of sales that are bank owned or something, and NOT price or demand or anything of the sort. go to zillow yourself, and look at their data, he posts the same lying/misleading charts about Phoenix on other threads. He should be banned from here, lying to readers is no kind of help or service to them. Down 10.4% is a tough pill to swallow. I feel for you. I can loan you capital at my going rate of 23% annual. That would be a fair assessment of the risk.

29. iwog Follow Befriend (48) 274 threads 12,558 comments 47 male Lafayette, CA Premium

    240   8:33pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   Darrell In Phoenix says You know LieWog..... I'll speak for the blog owner and a good number of readers. I've met the blog owner socially several times. I think we actually agree on a good number of issues, including you. LOL

30. Goran_K Follow Befriend (4) 25 threads 1,520 comments Laguna Beach, CA Premium

    241   8:55pm Tue 18 Sep 2012   Share   Quote   Permalink   Like (5)   Dislike (1)   iwog says People are defined by the company they keep and Goran has chosen to throw his lot in with the most vile troll on the board. Someone who has been banned repeatedly because he can't be civil under any circumstances. C'mon. LieWog was pretty funny you have to admit.

31. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

    242   6:31am Wed 19 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   guruoracle says Who cares if my house payment is CHEAPER than rent! Assuming rents don't decline and you can keep finding renters, you would only care if you wanted to sell the house for some reason like the neighborhood is declining, you move far away, taxes and insurance go sky high, etc. The inflated price you pay when interest rates are low is written in stone. Sure your low payment is locked in buy you're still at the mercy of many other factors. However I agree that prices in most areas aren't THAT inflated and worst comes to worst should always be able to find renters BECAUSE more and more people are believing it's a better deal than owning. More and more are figuring that out now that the myth that home values always increase has been shown to be BS.

32. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

    243   6:34am Wed 19 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   guruoracle says I LOVE my house That's what really counts.

33. country_stroll Follow Befriend 38 comments

    244   7:01am Wed 19 Sep 2012   Share   Quote   Permalink   Like   Dislike   Here is what the headline should have said: "Bank efforts to manipulate REO inventory levels artificially inflates median home price in OC by 12%!" Instead, the article waits until paragraph 13 of a 15 paragraph story to mention that a shift in the mix of homes selling is responsible for the rise in MEDIAN home prices, giving the false impression that every home has risen by double digits, when, in fact, few have.

34. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

    245   12:30pm Wed 19 Sep 2012   Share   Quote   Permalink   Like   Dislike   iwog says If the fed is successful and interest rates drop some more, more homes will cash flow and home prices will keep increasing. And when home prices increase they won't cash flow anymore...

35. Raw Follow Befriend 10 threads 694 comments

    246   1:40pm Wed 19 Sep 2012   Share   Quote   Permalink   Like   Dislike   ELC says iwog says If the fed is successful and interest rates drop some more, more homes will cash flow and home prices will keep increasing. And when home prices increase they won't cash flow anymore... At that point prices will stabilize - equilibrium We are a long long way from that.

36. CrazyMan Follow Befriend 449 comments Boulder Creek, CA

    247   1:44pm Wed 19 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   Yep, still further down to go.

37. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    248   1:46pm Wed 19 Sep 2012   Share   Quote   Permalink   Like   Dislike   CrazyMan says Yep, still further down to go. All aboard the failboat.

38. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,014 comments Pleasanton, CA Premium

    249   7:27pm Wed 19 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   Goran_K says They're lucky. Very few underwater homeowners can come out $45,000+ out of pocket to avoid a short sale. A lot of short sales I've seen, the debtors can't even come out of pocket $10,000 to cover a second lien or an HOA lien. Literally tapped out of money. Pass the gravy please. What, we are out of gravy! But my realtor told me......

39. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,014 comments Pleasanton, CA Premium

    250   7:29pm Wed 19 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   ELC says guruoracle says I LOVE my house That's what really counts. That is where we differ. I love my family. I use my house. Put me in the best house in the world, and I could leave it with no looking back. Smiles and laughs burn in memory much stronger than granite, tile, stainless steal and a nice floor plan.

40. ELC Follow Befriend (3) 3 threads 657 comments Fort Lauderdale, FL

    251   5:43am Thu 20 Sep 2012   Share   Quote   Permalink   Like (1)   Dislike   RentingForHalfTheCost says That is where we differ. I love my family. I use my house. Put me in the best house in the world, and I could leave it with no looking back. Smiles and laughs burn in memory much stronger than granite, tile, stainless steal and a nice floor plan. I have no problem moving around either but my fiance' tends to want to nest. I think if men truly ruled everyone would be a renter. All I really care about is having a nice car, a computer and a big screen TV and those can be easily moved at will.

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