Patrick

I run patrick.net.

joined 2005 Apr 3, 9:31am   United States 307 posts   1,621 comments   following x   ignore ignoring Patrick x ignore


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The great exodus out of America’s blue cities (thehill.com)
by Patrick on 25 Apr 2018  17 comments, latest an hour ago
http://thehill.com/opinion/fin With between up to 50 percent of their paycheck going to a combination of federal, local and city taxes, not including other consumer taxes baked into every aspect of...

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San Francisco to hire needle cleanup team (sfgate.com)
by Patrick on 24 Apr 2018  11 comments, latest 8 hours ago
https://www.sfgate.com/news/ar The mayor of San Francisco says he's hiring 10 workers whose sole responsibility will be to clean up needles littering the streets.San Francisco Mayor Mark Farrell said Monday the...

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BARF (Bay Area Renters Federation) organizes to stop NIMBYs (mobile.nytimes.com)
by Patrick on 24 Apr 2018  5 comments, latest 9 hours ago
https://mobile.nytimes.com/201 San Francisco does not have enough places to live. Sonja Trauss, a local activist, thinks the city should tackle this problem by building more housing.This may not sound like...

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Impact Of The New 2018 Tax Law On Real Estate Owners (aspenvalues.com)
by Patrick on 7 Jan 2018  31 comments, latest 9 hours ago
http://www.aspenvalues.com/Blo As a result of doubling the standard deduction to $12,000 for single filers and $24,000 for married filing jointly, according to Moody’s Analytics, as many as 38 million Americans...

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CA housing shortage is not an unintended policy outcome (carlaef.org)
by Patrick on 24 Apr 2018  3 comments, latest 21 hours ago
https://www.carlaef.org/ The housing shortage is not an unintended policy outcome.California’s housing shortage is strangling its residents and businesses. Every type of person and business is affected by this crisis.Our shortage...

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7 reasons stocks are better than real estate (marketwatch.com)
by Patrick on 24 Apr 2018  2 comments, latest a day ago
You’ve heard this before: Stocks, over time, outperform real estate.There are many schools of thought on this but one common statistic that gets tossed around shows equities over the past...

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CA housing costs “crowding out” personal consumption, cash going to landlords and lenders instead of retail (chicoer.com)
by Patrick on 24 Apr 2018  3 comments, latest a day ago
http://www.chicoer.com/article Californians could be spending at least $50 billion more than they do dining out, going to the movies or shopping. But high housing costs are “crowding out” personal consumption,...

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Buying becoming an increasingly worse deal relative to renting (themaven.net)
by Patrick on 24 Apr 2018  Posted a day ago
https://www.themaven.net/misht As buying a house gets more expensive relative to renting the equivalent property, the instability of the whole system increase. And buying has consistently become a much worse deal...

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A 2:15 Alarm, 2 Trains and a Bus Get Her to San Francisco Work by 7am (mobile.nytimes.com)
by Patrick on 23 Apr 2018  14 comments, latest a day ago
https://mobile.nytimes.com/201 Sheila James starts her Monday, and the workweek, at 2:15 a.m. This might be normal for a baker or a morning radio host, but Ms. James is a standard...

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One San Francisco lawmaker wants more affordable housing. Cue the fury from NIMBY leftists. (theamericanconservative.com)
by Patrick on 23 Apr 2018  Posted 2 days ago
http://www.theamericanconserva California State Senator Scott Wiener, a Democrat representing San Francisco, is an avowed progressive who has come up with a startling new doctrine to advance his leftist cause—the law...

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The Scientific Importance of Free Speech (quillette.com)
by Patrick on 22 Apr 2018  9 comments, latest 2 days ago
http://quillette.com/2018/04/1 Today, there are many reasons to be concerned over the state of free speech, from the growing chill on university campuses to the increased policing of art forms such...

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San Francisco rents are lower than 2.5 years ago
by Patrick on 19 Apr 2018  9 comments, latest 3 days ago
Why is the 7% to 9% decline in SF rents never in the news?

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Six Housing Markets At Risk Of Another Correction (forbes.com)
by Patrick on 17 Apr 2018  20 comments, latest 5 days ago
https://www.forbes.com/sites/p The soaring housing markets of the United States, Sweden, Canada, Norway, Australia, and the United Kingdom are at risk of another correction that could turn into a crash in...

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Housing bubble or not, the real estate market is in trouble (nationalmortgagenews.com)
by Patrick on 19 Apr 2018  10 comments, latest 5 days ago
https://www.nationalmortgagene Home prices are still going to decline, and mortgage defaults are likely to rise.It's simply the nature of a cyclical market."It's interesting to watch the dynamics of the market....

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Ten Reasons It's A Terrible Time To Buy An Expensive House (sociology.ucsc.edu)
by Patrick on 11 Jul 2015  314 comments, latest 5 days ago
Because house prices in expensive areas still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the buyer's annual income with...

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High-end houses across the country are taking longer to sell (therealdeal.com)
by Patrick on 19 Apr 2018  5 comments, latest 6 days ago
https://therealdeal.com/2018/0 Manhattan isn’t the only part of the U.S. with a slowing luxury real estate market. High-end homes across the country are taking longer to sell, according to a new...

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Warning sign: House flipping on the rise again (npr.org)
by Patrick on 19 Apr 2018  3 comments, latest 6 days ago
https://www.npr.org/2018/04/17 ... a decade after the U.S. housing bubble burst, house flipping is on the rise again. Defined as reselling a house within a year of purchase, flipping is at...

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Weakening safeguards on securitized loans again (bloomberg.com)
by Patrick on 19 Apr 2018  Posted 6 days ago
https://www.bloomberg.com/news The biggest buyers of leveraged loans are weakening safeguards that limit how much risk they can take, amping up the potential pain for investors when the economy slows.The buyers,...

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Same article in papers thousands of times, always deliberately confusing LAND VALUE with house value (dailymail.co.uk)
by Patrick on 11 Apr 2018  4 comments, latest 6 days ago
It's amazing how many times the same article can get printed, just with a different address and different price. In every case the story is the same:* Look at this...

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California lawmakers killed one of the biggest housing bills in the country (latimes.com)
by Patrick on 19 Apr 2018  Posted 6 days ago
http://www.latimes.com/politic In response to all of those concerns, Wiener narrowed the legislation. He reduced allowable height increases to five stories from eight. He also took away the height increases planned...
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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

Kindle version available


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