patrick.net

http://money.cnn.com/2012/05/24/news/economy/national-debt-us-japan/index.htm?iid=Lead

supersunken says

The all cash offers are ridiculous. Where do people even come up with the money?

LOL, all offers are made in cash.. all sales transactions are finalized in cash... USD$. Did the buyer borrow ? who know, not tracked and that info is most likely kept with their banks/lender.. which after all is confidential info.

Expose The Liars says

immigration is flat to negative.

Could be true for the overall USA. It doesn't matter though, for The Fortress.

Patrick had bad experience shopping for a house to buy in The Fortress, so he's renting in The Fortress, then he made this website.

Expose The Liars says

WRONG

Population growth is the lowest level in US history per 2010 census. Secondly, immigration is flat to negative.

Nice try you fuckin' liar.

According to the census, the population grew 9.7% between 2000 and 2010. Net migration was positive every single year during that period, and for 2010, it was 4.25 migrants/1000 population. What part of that makes me a liar?
And do you really expect population growth to be as high as in decades gone by? In comparison to other developed nations, that growth rate is still very high.

Bigsby says

According to the census, the population grew 9.7% between 2000 and 2010

It has been proven over and over that population growth doesn't cause house prices to go up. If it did, then countries like Zimbabwe and Niger would have the highest growth in house prices, but in fact, prices in those countries have fallen, not increased. What you need for house price appreciation is an ample supply of high paying jobs. What we have between 2000 and 2010 is a decline in high paying jobs.

Expose The Liars says

Typical liar. Always misrepresenting the truth.

Population growth is lowest in history of the US.

Immigration is flat.

Quit lying.

Population growth is higher than it was between 1930 and 1940, so it's not the lowest in history. And where in my post did I claim that population growth was higher than in the past? I only talked about whether migration rates were positive or negative. Net migration is not flat, otherwise you wouldn't have positive numbers for the last decade. Not exactly difficult to understand, though apparently it is for you.

dunnross says

It has been proven over and over that population growth doesn't cause house prices to go up. If it did, then countries like Zimbabwe and Niger would have the highest growth in house prices, but in fact, prices in those countries have fallen, not increased. What you need for house price appreciation is an ample supply of high paying jobs. What we have between 2000 and 2010 is a decline in high paying jobs.

I don't know whether that is true or not for the US, but my point had nothing to do with whether it affected prices or not.

dunnross says

It has been proven over and over that population growth doesn't cause house prices to go up.

certainly does not prevent them from declining.. even in the best areas..
see Orange county early 90s ...

Expose The Liars says

Wrong again.

Why lie about something so easily verifiable?

Ha, ha. Then give us a reputable link that demonstrates net migration has been negative. I'll be waiting.

Expose The Liars says

Nice switch JackAss.

Population growth is the lowest in history. Quit lying.

You've just demonstrated your proclivity for lying. We are talking about net migration not population growth. You said immigration was flat. It's not. You called me a liar. You are the one lying.

Expose The Liars says

Bigsby says

Population growth is higher than it was between 1930 and 1940,

Wrong again.

Why lie about something so easily verifiable?

I'm still waiting. Figures for 1930-1940 please.

Expose The Liars says

You've just demonstrated one more lie. We are talking about population growth. You said population growth wasn't the lowest in US history.

You lied. And you will continue to lie. And we will continue to expose your lies.

Pip pip

A born liar. Everyone can simply scroll up and see the post you responded to. And I quote:

"The US has net immigration. That is just a fact."

Bigsby says

Expose The Liars says

You've just demonstrated one more lie. We are talking about population growth. You said population growth wasn't the lowest in US history.

You lied. And you will continue to lie. And we will continue to expose your lies.

Pip pip

A born liar. Everyone can simply scroll up and see the post you responded to. And I quote:

"The US has net immigration. That is just a fact."

Bigsby, you're fighting with someone who has the maturity and intellectual capacity of a 2nd grader. You're wasting your time.

rooemoore says

Bigsby, you're fighting with someone who has the maturity and intellectual capacity of a 2nd grader.

You are being very generous to him.

I'm still waiting for his figures for 1930-1940 and the net migration rates for the last decade.

Expose The Liars says

Lie #414

You are counting your lies now?

Oh well, here we go:

http://en.wikipedia.org/wiki/1940_United_States_Census

I believe that says 7.3%.

http://en.wikipedia.org/wiki/2010_United_States_Census

I believe that says 9.7%.

Now my maths may not be the strongest, but I'm pretty sure 9.7% is higher than 7.3%

Expose The Liars says

Typical Lying Realtor.... you selected a single year out of a 200 year history and called it truth.

You lying misrepresenting piece of shit you.

Ha, ha, ha. It isn't for a single year. It's for the decade. And you brought it up not me. I said that there was net immigration. You denied that. You were wrong. You then said, and I quote, "Population growth is lowest in history of the US." I said it was lower between 1930 and 1940. You've just demonstrated with your own post that you were wrong. You really are an idiot.

Bigsby The Liar says

Typical lying realt-liar. Obfuscating and misrepresenting the truth.

You filthy liar.

Now, now, calm down JHS boy. Just because it's been shown that you are a complete moron, there's no need to get angry. It's simply the cards you've been dealt with.

Bigsby The Liar says

You lied you filthy liar.

Ha, ha. Getting a bit frustrated now, are you? You lied, or are you incapable of understanding your own posts?

Bigsby The Liar says

You're a proven liar.

I think you mean that you've just proven you're a liar. Your posts are here for all to see. Remind me what the net migration rates have been for recent years, negative/flat or positive? Remind me which period had the lower population growth, 1930-1940 or 2000-2010?
Practice your reading skills. It may help, though I doubt it.

Bigsby The Liar says

You're a proven liar time and time again.

I do believe you've run out of things to say. You're just a stuck record.

Bigsby The Liar says

I believe your a filthy liar. And so does everyone else.

You lied.

The wumming skills are weak in this one... along with his reading skills.

Bigsby The Liar says

You're a known and proven liar.

Spat your dummy out, have you? Oh, well, I'm bored with this, but thanks for allowing me to demonstrate what a complete and utter bullshitter you are. Enjoy JHS tomorrow.

Even if you take the 'low' population increase of 9.7% between 2000 and 2010, you are looking at just shy of another 30 million people who will be living in the USA by 2020...nearly the entire population of Canada or of California. These folks are going to have to live somewhere.....over the last several years, there has only been 500K-700K housing starts per year. I am guessing this is at least 50% of what the required supply needed is if you average 2 persons/housing start. Of course we have been told repeatedly that there are gazillions of empty houses out there held by the banks....and that may in fact be true...but it does not help anyone if they remain empty and not utilized.