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Sheeple


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2011 Jun 18, 2:27pm   43,744 views  181 comments

by HousingBoom   ➕follow (1)   💰tip   ignore  

In late 2010, I think 4 of my coworkers were laughing at me because I said housing will double-dip. They all thought prices would stay flat or drop only a couple of percentages. Well, it's June 2011 and prices already fell 5.5% from Jan to Mar 2011. They look at that and now say that it won't fall anymore even though sales numbers are double-digits in the red.

The sheeple are so brainwashed it's mind boggling! I think it's hopeless guys. America will never wake up to reality until the ESPN is shut down or until the economy totally collapses!!

OMG I'M ANGRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thanks for letting me vent!!!!

#housing

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75   Bigsby   2013 Nov 22, 1:31pm  

Homeboy says

egads101 says

you guys can say whatever you want. you will NEVER achieve what I have :-)

You didn't "achieve" anything, you had enough money burning a hole in your pocket that you were able to buy 13 properties, while the average family can only afford ONE house, to live in. Like I said, you're just a rich spoiled fuck. And quite honestly, I wouldn't WANT all that money if it made me into a self-centered asshole like you. Your constant bragging doesn't impress anyone here - believe me.

An entirely unnecessary attack. He's a middle aged man. His 'wealth' back in 2010 was (considerably) less than a very great number of people in CA, for example. How does his situation constitute being 'a rich spoiled fuck?' YOU are trolling now.

76   Bigsby   2013 Nov 22, 1:32pm  

Homeboy says

Bigsby says

Anyway, I'm done with this.

Yet another lie, I see. LOL.

If you post shite, I may feel the need to respond. Call me old fashioned if you like.

77   Homeboy   2013 Nov 22, 1:32pm  

Bigsby says

His 'wealth' back in 2010 was (considerably) less than a very great number of people in CA, for example.

Oh, yeah - everyone in California can afford to buy 13 houses.

Jesus Christ, do you even LISTEN to yourself?

78   Homeboy   2013 Nov 22, 1:33pm  

Bigsby says

If you post shite, I may feel the need to respond. Call me old fashioned if you like.

Oh, really? That's not what you wrote before. You said you were "done", and you said "knock yourself out". Guess that wasn't true, though.

79   Bigsby   2013 Nov 22, 1:35pm  

Homeboy says

Bigsby says

His 'wealth' back in 2010 was (considerably) less than a very great number of people in CA, for example.

Oh, yeah - everyone in California can afford to buy 13 houses.

Jesus Christ, do you even LISTEN to yourself?

FFS, he said he had $400,000 in the bank from selling previous property and not much else. What kind of equity do you think rather a lot of 50 year-olds have in property on the East and West coasts (and elsewhere)? Do you think that makes them 'rich spoiled fucks?' What is the matter with you?

80   Bigsby   2013 Nov 22, 1:35pm  

Homeboy says

Bigsby says

If you post shite, I may feel the need to respond. Call me old fashioned if you like.

Oh, really? That's not what you wrote before. You said you were "done", and you said "knock yourself out". Guess that wasn't true, though.

No, I guess it wasn't, largely because you are continuing to be an arsehole and I've got half an hour to kill before going out.

81   Homeboy   2013 Nov 22, 1:37pm  

egads101 says

bullshit to your "$80K home price drop in Fremont, 2010 to 2011"

zillow has it at max $30K...

Oh, Zillow. Wow, great source there. LOL.

82   Homeboy   2013 Nov 22, 1:40pm  

Bigsby says

Do you think that makes them 'rich spoiled fucks?'

I didn't say everyone who is rich is a spoiled fuck. I just said Egads is a rich spoiled fuck.

83   Bigsby   2013 Nov 22, 1:44pm  

Homeboy says

Bigsby says

Do you think that makes them 'rich spoiled fucks?'

I didn't say everyone who is rich is a spoiled fuck. I just said Egads is a rich spoiled fuck.

Ah, more of your usual semantic games. He's reasonably rich now. He wasn't before. He may or may not be a fuck, but I'm sure you aren't the apple of his eye either. Spoiled? No doubt you'll come up with some sort spin of that.

84   Homeboy   2013 Nov 22, 1:48pm  

Bigsby says

Homeboy says

Bigsby says

Do you think that makes them 'rich spoiled fucks?'

I didn't say everyone who is rich is a spoiled fuck. I just said Egads is a rich spoiled fuck.

Ah, more of your usual semantic games.

How would that be a "semantic game"? Do you know what "semantic" means? Actually, I don't even need to ask. Obviously you don't.

85   Homeboy   2013 Nov 22, 2:08pm  

Bigsby says

You've just listed all the things you do.

Uh, I know you are but what am I?

You're a clever one, aren't you?

86   Homeboy   2013 Nov 22, 2:10pm  

egads101 says

Say, the $/square foot on trulia shows the same thing as zillow: essentially flat all of 2010, 2011...

That's not flat. That's a drop of $120,000 for a 2000sf house. I know $120,000 doesn't mean anything to a rich fuck who owns 13 houses, but it's actually a lot of money to us commoners.

P.S. thanks for proving early 2012 was the bottom.

87   Bigsby   2013 Nov 22, 2:12pm  

Homeboy says

Bigsby says

You've just listed all the things you do.

Uh, I know you are but what am I?

You're a clever one, aren't you?

Ah, your tired old response trotted out once again. I'm so surprised.
You really are an arrogant so-and-so. Let me guess, you're in your 20s, think you are super duper intelligent, dislike your job, and are wondering why life has dealt you a crappy hand. Is that right? Or perhaps you'd care to explain why it is you're such a petulant and arrogant individual.

88   Bigsby   2013 Nov 22, 2:20pm  

Homeboy says

Oh, lookie - here's a thread titled:

"Bigsby is a mega troll and needs to be defeated"

http://patrick.net/?p=1224374

Here's a thread started by Patrick, title "TOP TROLLS". http://patrick.net/?p=1216384 Guess who's on the list?

| username | ignoredby |

Bigsby | 11

Ignored by 11. Tsk tsk. Oh, but it's 12 now, isn't it? I thought I was bad with 8, but you beat me by a country mile.

And there we go. Perhaps you'd care to mention who it was that posted up that thread title and the reason behind it? Ah, yes, Rentingforhalfthecost, one of the very worst trolls on this forum. Well done on picking that. I've had huge arguments with the conspiracists and trollish permabears on this forum. My ignore list actually went form zero to 11 in the space of a day nearly 2 years ago after getting involved in pointless arguments with the worst troll on this forum - Darrell in Phoenix aka RealtorsAreLiars aka double figure additional name changes. Either that troll blocked me multiple times with his different handles so he could have a dig (which he did) or others got sick of reading the back and forth. I don't blame them on reflection if they did. No. 12 is 'The Professor,' so I consider being ignored by him as a badge of honour seeing as he is a completely moronic conspiracist.

89   Homeboy   2013 Nov 22, 2:35pm  

egads101 says

It's ok, 20 or 30 years from now, you'll be telling your friends how you knew the great bigsby, and the wise oracle during the crash...

If you're around that long. At the rate you are pissing people off, I wouldn't count on it.

90   Homeboy   2013 Nov 22, 2:37pm  

egads101 says

2009 was just as low, naturally you are too stupid to see that!

No it's not. When are you going to figure out that calling people names doesn't make you right. The chart's right there on the page. Unless you do something assholish like changing it or taking it down, everyone can see it goes lower in 2012.egads101 says

And, as has been pointed out to you, repeatedly, one simple median or average index cannot completely capture the reality of a housing market;

And yet you posted a median chart. What does that say about you?

91   Homeboy   2013 Nov 22, 3:24pm  

egads101 says

So, since a number can't be perferct, I shouldn't post it?

No, I think it's perfectly fine to post median price charts. I think they're useful. I just think you're being a hypocrite to post the chart but then back away from it when you realize it doesn't show what you want it to show. It's funny, you seemed to think your chart proved something when you thought you were using it against me, but as soon as I pointed out it shows a decline with the bottom being in 2012, you immediately started saying it can't capture the housing market.

Maybe you should get a job at waffle house, what with all the waffling you're doing.

92   Homeboy   2013 Nov 22, 3:31pm  

egads101 says

ARE YOU THIS STUPID IN REAL LIFE?????

Again, calling people names doesn't make you right. You're still wrong. You seem to have some sort of emotional problem and some anger issues. I would get that in check if I were you. Look what happened to you as a result of your out of control temper. You ended up being threatened in real life.

egads101 says

You win the debate.

Yes, I already knew that.

egads101 says

Now fuck off and die, you are a pathetic loser, who will NEVER IN HIS LIFE, do 1/10 of what i've done.

Well, it's true I only bought one house while you bought 13, so that is less than 1/10th of what you have done, but I don't judge myself by how much money I have, so in my mind that doesn't make me a "loser". While I might like to have more money, I would MUCH rather be poor than be a spoiled rich braggart asshole with emotional problems like you.

93   Homeboy   2013 Nov 22, 3:36pm  

Bigsby says

Ah, your tired old response trotted out once again. I'm so surprised.

Well I was only making fun of you. It's indicative of the fact that YOU keep posting childish taunts over and over. I mean, really, "Buh, you just listed all the things you are". Did you really think you were being clever?

94   Homeboy   2013 Nov 22, 3:38pm  

egads101 says

in 2009, I bought a home for $46,000. 4 bedrooms with a garage. I fixed it, and rented it for $1050 a month.

so by your incredibly moronic logic, that was a bad time to buy

The fact that you keep coming up with these lame strawmen indicates that you are incapable of reading and comprehending what I write.

95   Homeboy   2013 Nov 22, 3:42pm  

Bigsby says

Anyway, you're now clearly fishing for a fight with me,

I will remind you, AGAIN, that you started this encounter. My first post in this thread had nothing to do with you. So obviously I am not the one "fishing for a fight". You have kept this up for several pages. I made a simple point a long ways back, and you have relentlessly attacked me ever since.

Bigsby says

so depending on what kind of response (or not) you now want to make, we can put this back and forth to rest and move on. Or you can decide to keep going...

That's all up to you. I told you, I don't just roll over and take it when a troll starts picking on me. So the more trolling you do, the more responses you are going to get from me. You reap what you sow. At least until you reach the point that I am completely weary of you and I put you on ignore. It's happened to you 12 times, so 13 can't be far off.

96   Homeboy   2013 Nov 22, 4:12pm  

egads101 says

Fremont average price per square foot
Fremont Recently Sold Homes

Say, the $/square foot on trulia shows the same thing as zillow: essentially flat all of 2010, 2011...

So, lets see:

Holy shit! Sorry, I overlooked it before, and I just realized that chart is price per square foot, which is more accurate than median price, because it takes the size of the houses into account.

So according to that chart, ppsf was about $350 in mid 2010, and about $290 in Q1 2010. That's a decline of $60 per square foot. That means a 2,000 sf home would have declined in price not $80,000, as I said before, but $120,000! And since ppsf is more accurate than median, the $120K figure is probably the correct one.

$120,000 savings, just by waiting a year and a half, according to the chart YOU posted (that you moronically stated was "flat"). That would have been enough to buy a COUPLE of houses in Vegas. So NOW who do you think needs to be repeatedly kicked in the balls?

97   Homeboy   2013 Nov 22, 4:21pm  

Homeboy rules!

98   Homeboy   2013 Nov 22, 4:24pm  

I can already hear your response. "Buh, derp, irrelevant bullshit, tangent, 2009, 2013, cusswords, namecalling, I'm richer than you..."

99   thomaswong.1986   2013 Nov 22, 5:46pm  

egads101 says

Fremont average price per square foot
Fremont Recently Sold Homes

how about showing what per sq chart from 1990 ? for one it would show prices doubled from late 90s (1998 to 2000).. YES ... DOUBLED.. so 2000 is already
well inflated numbers.

100   Homeboy   2013 Nov 22, 6:13pm  

thomaswong.1986 says

how about showing what per sq chart from 1990 ? for one it would show prices doubled from late 90s (1998 to 2000).. YES ... DOUBLED.. so 2000 is already

well inflated numbers.

Buh, irrelevant.

Next...

101   thomaswong.1986   2013 Nov 22, 6:18pm  

Homeboy says

Buh, irrelevant bullshit.

very relevant since the bubble started a few years before year 2000..
up 100% from 1998 to 2000.. and some today would say it was based
on sound fundamentals... like inflated stock bubbles.. which we know
today isnt rational at all. Of course no one would pay $300 for yahoo stock
or $600 for Ariba stock today.. so the employees can rush out to buy a home in
Fremont ? Right !!!!

102   Homeboy   2013 Nov 22, 6:21pm  

Rushbot.1986 says

very relevant since the bubble started a few years before year 2000..

up 100% from 1998 to 2000.. and some today would say it was based

on sound fundamentals... like inflated stock bubbles.. which we know

today isnt rational at all. Of course no one would pay $300 for yahoo stock

or $600 for Ariba stock today.. so the employees can rush out to buy a home in

Fremont ? Right !!!!

Irrelevant. Non sequitur. Try again.

103   Homeboy   2013 Nov 22, 6:32pm  

Open book quiz. Feel free to use the chart above, posted by egads.

1. What was the average price per square foot for properties in Fremont, CA in mid 2010?

2. What was the average price per square foot for properties in Fremont, CA, at the beginning of 2012?

3. Which was lower?

104   Homeboy   2013 Nov 23, 5:35am  

egads101 says

Home loser is a small pathetic geek engineer who never gets laid. This type of stuff is all he will ever have, to try to compensate!

Wow, really? This is the best you can bring to the table to disprove what I said about home prices in Fremont? Sad.

Seriously - you ought to consider an anger management course, and maybe some kind of medication.

105   Homeboy   2013 Nov 23, 5:44am  

egads101 says

Open book quiz:

WHO said the comparison was between the peak of one year, and the bottom of the other?

I told you how far prices fell. If you have another way to measure how far prices fell besides from the peak to the bottom, please let us know. LOL. Prices fell; you can't cherry-pick it away.

egads101 says

The question was between 2010 and 2011, generally. And on average, over those two years, it looks to me like the difference is maybe $10 a square foot.

I think you need to get your glasses prescription updated.

You get an F on the quiz. Here's your make-up exam:

Using the chart posted by egads above, answer the following questions:

1. What was the average price per square foot for properties in Fremont, CA in mid 2010?

2. What was the average price per square foot for properties in Fremont, CA, at the beginning of 2012?

3. Which was lower?

106   Homeboy   2013 Nov 23, 5:45am  

egads101 says

Homesuck I still make more in rent, sitting on my ass then you do in paychecks each month. I started with absolutely nothing, and accomplished this all alone from work and intelligence. Good luck ever equalling it!

Irrelevant.

107   Homeboy   2013 Nov 23, 5:46am  

egads101 says

So, our little pedantic jackass loser has once again, tried to change the discussion into something it never was... and showed his dishonest and pathetic stripes all the more.

Irrelevant.

108   Homeboy   2013 Nov 23, 5:57am  

egads101 says

I started with absolutely nothing, and accomplished this all alone from work and intelligence.

You already admitted you had $400,000 in cash before you even started the 13 property acquisition. And I'm guessing you either had a lot more than that, or you're bullshitting about your experience with California real estate, because you sure as hell didn't get 13 properties for $30,000 each in California.

What's really pathetic is that you don't even seem to have a clue what a rich spoiled asshole you are. Most people don't come across that kind of money in their LIFE, let alone have that much to play around with in a 2 or 3 year span.

109   waiting_for_the_fall   2013 Nov 23, 6:46am  

Homeboy says

You already admitted you had $400,000 in cash before you even started the 13 property acquisition. And I'm guessing you either had a lot more than that, or you're bullshitting about your experience with California real estate, because you sure as hell didn't get 13 properties for $30,000 each in California.

What's really pathetic is that you don't even seem to have a clue what a rich spoiled asshole you are. Most people don't come across that kind of money in their LIFE, let alone have that much to play around with in a 2 or 3 year span.

It's on the internet, so it must be true.

If you had tons of money, would you spend all day trolling message boards? Maybe no one wants to spend time with Bobby. Who would want to spend time with an egomaniac?

Based on Bobby's childish behavior, I would imagine he is extremely lonely and desperate for attention, anywhere he can find it.

Angry. Delusional. Antisocial. Egocentric. Confrontational. Yeah, that sounds like the qualities of someone with a lot of friends...

110   Homeboy   2013 Nov 23, 10:13am  

Wow, this just keeps getting better and better. Now that I learned that egads is the artist formerly known as Roberto Aribas, I see that he is ALSO listed in the TOP TROLLS thread.

Congrats on both of you Roberto and Bigsby, on your excellent trolling.

111   thomaswong.1986   2013 Nov 23, 10:33am  

egads101 says

Well, if a cuban immigrant, who grew up on free school lunches, and food stamps, while his mother worked as a janitor can do it, why the fuck are you still such a loser? I'll bet 1000 to 1, you had a much higher launching pad than me; I'll be you never bailed hay or did construction work to pay your bills while in college! Where you the very first person in your entire family to get a college degree???

You only made it because of THE UNPRECEDENTED REAL ESTATE BUBBLE .. had this been the normal course of RE market as we had for decades.. you would not be making such claims of success.

The same is true for some tech people late 90s who had enough stock options cashed at in the peak stock tech bubble they retired from work permanently. Many many others didnt see that as some gave away their life savings at the peak of the bubble.

So no ... you are not successful as you claim. You did not from scratch make a successful business. You were just lucky being at the right place the right time as the bubble blew upwards.

112   thomaswong.1986   2013 Nov 23, 11:24am  

egads101 says

Obviously, if housing had stayed fairly priced forever, there wouldn't have been any way to do what I did. I recognized what was happening, and now for 20 years have always been on the right side of the market!

you have lots of RE interest to protect .. so lets not talk about any price corrections...

lets not get people thinking about how prices have behaved over the past 10-20

years... we dont want Roberto to suffer any losses on his investments.

113   thomaswong.1986   2013 Nov 23, 11:27am  

egads101 says

Call it luck, if that helps you to sleep better at night with your own fuckups!

I sleep very well ... my life and well being isnt tied to any RE investments..

my investments are elsewhere so there is no need for me to TALK UP real

estate prices .... How about you Roberto.. Sleep well knowing your Investment

may take a 20-30% reduction in value... and your wealth...

114   Homeboy   2013 Nov 23, 11:32am  

egads101 says

YOU are the one cherry picking. To compare 2010 to 2011, you pick the HIGHEST price point of 2010, and compare it to the lowest price of 2011.

Nah, you're not paying attention. I TOLD you, I'm giving you the amount by which prices fell, which is measured from peak to bottom.
As for comparing 2010 to 2011, you're forgetting that
the chart measures CLOSING prices, which lag behind offer prices."waiting" gave the person advice BEFORE the purchase, and that was in 2010. So even if the person considered buying the house in early 2010, it wouldn't have closed escrow until mid-2010, at which point ppsf for closing prices was around $350. That part right at the beginning of 2010 where the chart dips down, actually reflects closing prices for offers made in 2009, most likely in the gap between the tax credit expiring and the announcement that the credit would be extended, where demand suddenly dropped off a cliff. But by 2010, we were back in full feeding-frenzy mode, due to the extension of the tax credit, as you can see by the climb to $350 psf. And prices stayed close to there for the rest of that year. Throughout ALL of 2011, prices were considerably lower, and actually bottomed in 2012. So your remark that it only fell $10 psf is total, unadulterated bullshit, that you pulled out of your ass.

egads101 says

I ALREADY gave you a more fair method to compare the two years. Do you suffer from a reading comprehension disability? I will quote it for you again here:

"More fair"? The gut feeling of the two biggest trolls on PatNet, with absolutely no evidence whatsoever to back it up? Please, don't make me laugh. You guys are both full of shit. Sorry, but I will take real data over the word of two blowhards who have nothing better to do than brag all day on the internet about what great "investors" they think they are. Holy shit that's funny.

egads101 says

Your buying a home in 2012 was a mistake, because it was cheaper in 2012. In fact, the peak 2012 price was $35 a square foot more than the lowest price in 2012. So, you shouldn't have bought in 2012, you should have waited to 2012.

Wow. That was complete gobbledygook. Nice job.

egads101 says

As opposed to the Obviously very important relevancy, of proving homes might have been 50 cents cheaper when you say they were

Another lie. $120,000 is a bit more than 50 cents.

egads101 says

"admitted..." Like having profited from real estate should be something terrible or shameful to have to admit on real estate blog?

Strawman.

egads101 says

SOME readers on here, might like to learn from someone who saw the crash coming, and sold beforehand...

Judging from the fact that you were on the list of biggest trolls, I somehow doubt that anyone here is interested in your bragging.

egads101 says

Not all the readers are losers like you!!!

Gratuitous name calling doesn't help your point.

egads101 says

Not only did I have $400,000 in cash, I had earned all of that money, by selling homes prior to the collapse.

Oh, so you had money AND property. And this is supposed to prove you aren't a rich spoiled fuck how?

egads101 says

And once again, your reading problem shows up. Everybody knows I live and invest in PHOENIX, which, maybe you aren't aware, isn't in California.

How is that a "reading problem"? You changed your screen name, and didn't mention anywhere in this thread that you were Roberto. I only discovered it because another posted called you out.

But good, now that you have come clean, I will ask you this:

WHAT THE FUCK DO YOU KNOW ABOUT THE MARKET IN CALIFORNIA IF YOU NEVER SPENT A DAY OF YOUR LIFE IN THAT MARKET, DIPSHIT?

I wrote over 50 offers IN CALIFORNIA. How many offers did you write IN CALIFORNIA? Zero? Yet you have the nerve to act like you're some sort of expert on the California market. So much so, that you attempt to argue that your own PERSONAL EXPERIENCE trumps hard, objective data. That ridiculous claim would be bad enough by itself, but then you don't even HAVE any personal experience with that market. So lame.

I live in California, and I bought a house in California. Therefore, ANY claim you make that you have more expertise than I do in California real estate is AUTOMATICALLY NULL AND VOID.

Homeboy rules.

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