Spring Market? What Spring Market? (foreclose, movers, mortgage broker)

[NatasNJ]

Originally Posted by Marc Paolella

Your arguments are largely hyperbole and non-sequitirs. First there is your agenda, basically that the sky is falling. Then there are whatever statistics you can pull to support your agenda. That's fine. Most economic analysis is meaningless and driven by the desire to push an agenda.

I am here to say that your statistics and your analysis are meaningless.

Is it a good time to buy? Of course! If you need a house. It's always a good time to buy whatever you need: a camera, a boat, a house, or cat food. Provided you have enough money and you have a need, it is a GREAT time to buy!

As humans we are here for an eye-blink. Tho ignore the pleasures of homeownership because values might drop is stupid.

Let's not forget that during the years good times of the housing bubble, we all enjoyed the good times! I certainly did. And I still am. There is not a day that goes by when I don't look at my stupid house and LOVE the fact that I live in a country where I can enjoy such a marvelous thing as homewonership. 2005 was great! Let's do it again. We can and we will.

GOOD TIMES COUNT FOR SOMETHING in the abbreviated span of a human lifetime. When they happen, we should enjoy them, not pontificate on the necessity to prepare for Armageddon.

Capitalism is boom and bust, as is life. When there is a boom, enjoy it! When there is a bust, let's build the next boom!

Mr. Marc Paolella, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this forum is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

O'Doyle rules!

[Marc Paolella]

Originally Posted by halfoffpeak

What agenda? As if his profession depends on house selling



Great argument.




People are fed up with boom and bust. You can't strip people of their retirement and say "that's life". This version of capitalism, a giant Ponzi scheme, is more appropriate for those who are out for a quick buck. There should be oversight and regulation.

Oversight and regulation be damned. Have you looked up the tax code lately? I'll tell you where you can stick your oversight and regulation.

There will always be boom and bust. Like there will always be weather. It is not the job of your fellow man (the government) to keep you safe from reality and adversity. That's YOUR JOB!

Investment has risk, that's just the way it is. Life has risk. That's just the way it is.

Statism, socialism, collectivism: Already tried in 200 forums and NOT the answer to anything.

Freedom and liberty come first and are what built this country. The talented and the gifted can pull the rest of us along, but they must be left alone. WE must be left alone to create greatness.

Failure to comply will result in the sorry shadows that today are known as France, England, Spain, and Italy.

[JG183]

Originally Posted by Lusitan

there is historic data showing the relationship between median household income and median home prices

history has seen so many changes, that the data/formulas you love to quote are meaningless today.

the economy was much "smaller" in all of the times pre-1996.

once the Internet and information revolution hit, the landscape changed, and there were literally hundreds of new fields of employment that didn't exist before.

with the addition of all those opportunities, wealth expanded, and subsequently the cost of housing (and education and services and...) went up.

[Lusitan]

Originally Posted by Marc Paolella

Your arguments are largely hyperbole and non-sequitirs. First there is your agenda, basically that the sky is falling. Then there are whatever statistics you can pull to support your agenda. That's fine. Most economic analysis is meaningless and driven by the desire to push an agenda.

Right. I present a chart illustrating the historic relationship between median home price and median household income, and it's hyperbole and non-sequitirs.

And then there is my "agenda" ... according to the guy who sells real estate for a living. Can you say "commish"?

And then there's the blanket statement that economic analysis in general is meaningless and driven by an agenda. LOL! Yeah, to heck with analysis, right? All we need are realtors to help us find the American Dream, analysis be damned!

I am here to say that your statistics and your analysis are meaningless.

Oh, is that why you're here?

Is it a good time to buy? Of course! If you need a house. It's always a good time to buy whatever you need: a camera, a boat, a house, or cat food. Provided you have enough money and you have a need, it is a GREAT time to buy!

Why am I not surprised to hear a real estate agent say that? I'm sure you were also saying it was a great time to buy in 2005, right? After all, you get a commission no matter what, so who cares if some schlub buys house for 600K that under any sane analysis isn't worth more than 300K. Oops -- there I go using "analysis" again, silly me.

And as a real estate agent, I'm sure your definition of "provided you have enough money" equals "provided you can get a lender willing to give you enough rope to hang yourself". Either way, you still get the commish, right?

As humans we are here for an eye-blink. Tho ignore the pleasures of homeownership because values might drop is stupid.

Is the "we are here for an eye-blink" the spiritual version of "buy now or be priced out forever"?

Ah yes, the pleasures of owing more on your mortgage than your home is worth, the pleasure of unemployment and foreclosure ... how could I forget? We know what you find pleasurable about the sheeple buying houses at inflated prices (inflated commish! ka-ching!)

Let's not forget that during the years good times of the housing bubble, we all enjoyed the good times! I certainly did. And I still am. There is not a day that goes by when I don't look at my stupid house and LOVE the fact that I live in a country where I can enjoy such a marvelous thing as homewonership. 2005 was great! Let's do it again. We can and we will.

Oh boy, do you have any idea how funny it is to hear a realtor talk whistfully about the housing bubble like this?

GOOD TIMES COUNT FOR SOMETHING in the abbreviated span of a human lifetime. When they happen, we should enjoy them, not pontificate on the necessity to prepare for Armageddon.

Yes, we should enjoy the next time we're engaging in a massive ponzi scheme on a global scale and dragging the world economy down with us. After all, you only live once!

Capitalism is boom and bust, as is life. When there is a boom, enjoy it! When there is a bust, let's build the next boom!

Oh, we know that realtors enjoyed the housing bubble. But if you're waiting for another one, you're in for a long wait. What was that you said about an eye-blink?

[Lusitan]

Originally Posted by JG183

history has seen so many changes, that the data/formulas you love to quote are meaningless today.

the economy was much "smaller" in all of the times pre-1996.

once the Internet and information revolution hit, the landscape changed, and there were literally hundreds of new fields of employment that didn't exist before.

with the addition of all those opportunities, wealth expanded, and subsequently the cost of housing (and education and services and...) went up.

Great theory. The internet fundamentally increased the value of residential real estate.

[halfoffpeak]

Originally Posted by Marc Paolella

Freedom and liberty come first and are what built this country. The talented and the gifted can pull the rest of us along, but they must be left alone. WE must be left alone to create greatness.

Oh we did leave the best and brightest alone and free to act as they pleased.
And they achieved greatness.
The GREATEST BUBBLE EVER!

[Lusitan]

Originally Posted by NatasNJ

Mr. Marc Paolella, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this forum is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

O'Doyle rules!

LOL

[bluemask]

Originally Posted by JG183

you talking about Hasbrouck Heights ?

I love that town, but can't afford it...

didn't Bill Parcells use to live there ?

Yes, I love that town too。

[bluemask]

Originally Posted by NatasNJ

HH is a decent area but not one I would think would get 41 people to an open house. So I would doubt that.

I am sorry I meant Hasbrouck Heights.

[JG183]

Originally Posted by Lusitan

Great theory. The internet fundamentally increased the value of residential real estate.

I know you're having a good time dismissing me with flashy put-downs, but that's not exactly what I said.

pray tell, what do you think was the root cause of the increase in housing prices ?