IHB needs a resident bull on board

NEW -> Contingent Buyer Assistance Program
<p>EvaL,</p>

<p>...bloody peasant! What a giveaway! Did you hear that? Do you see him repressing me...</p>

<p><a href="http://www.youtube.com/watch?v=5Xd_zkMEgkI">http://www.youtube.com/watch?v=5Xd_zkMEgkI</a></p>

<p>Enjoy!</p>

<p> </p>
 
Prof: Awesome clip: "Now we see the violence inherent in the system! "





This clips reminds me of Truthi more. . .





<a href="http://youtube.com/watch?v=2eMkth8FWno">youtube.com/watch</a>





"Oh. Oh, I see. Running away, eh? You yellow bastards! Come back here and take what's coming to you. I'll bite your legs off!"
 
<p>Desert REALTORS Leader Champion Homes As Long Term Investments</p>

<p>http://www.mydesert.com/apps/pbcs.dll/article?AID=/20071201/GETPUBLISHED/712010333/1056/lifestyles0106</p>
 
I know, I know, don't feed the troll. But, I was feeling extra snarky today, and some of my comments get deleted on Lansner's blog. So, Samson asked truthi these questions, and my responses are in italics.





graphrix Says: <a title="" href="http://lansner.freedomblogging.com/2007/12/03/bet-wrong-on-oc-home-lose-109514/#comment-36867">December 4th, 2007 at 3:59 am</a>

<p>Samson - Let me help you out:</p>

<p>How much did you pay for your place in relation to your income?


<em>It doesn’t matter, homes prices will always exceed income and inflation</em></p>

<p>How many times median income was the median priced home at that time?


<em>The median numbers are useless. They are up when you bears say they are down, and up when the numbers say they are down</em></p>

<p>Could you afford to purchase your home on your salary now if say you had only 10% to put down?


<em>Why would I put money down? There is NO tightening, and no need for a down payment. And, yes, I can afford it. I am in the import export business. AKA, not working. Seriously, I post all day and night here. How the heck could I possibly have time to work. I get paid on a per post basis, er I mean by per export basis</em></p>

<p>After all that if median priced homes where far less than 8 times income, why don’t you think it should be reasonable to be the same now?


<em> I have told time and time again, incomes and prices do not matter. Just buy a home, if you don’t, then you are a loser.</em></p>

<p>What has changed in the OC in that time frame?


<em>It gets more beautiful here everyday. Why can’t you see that? Now that we have less people working here, it will be less crowded with dumb bears</em></p>

<p>Are the beaches cleaner?


<em> Yes! In fact, only two were closed last week, and I only stepped on two syringes this year, instead of three.</em></p>

<p>Disney has a new land a few more rides, but the lines are longer.


<em>Dude, they have fast passes now. If you owned a home, you would know that, and be first in line. Stupid renter.</em></p>

<p>There are a lot more restaurants and shops, but it takes twice as long to get there.


<em> That is because everyone wants to live here. If you don’t like it, move to Iowa. I hear there isn’t any traffic there.</em></p>

<p>Why do you think it should be any different now than before?


<em>I live here, and that makes it 1000 times better. Will you be my friend?</em></p>

<p>Don’t tell me incomes because they have gone up less than 50% in seven years while home prices have gone up over 250%.


<em>It doesn’t matter. It is a new paradigm. People get rich by moving up.</em></p>

<p>Why should it be any different?


<em>You already asked that question. Because, I own a home.</em></p>

<p>Should only those that bought before 2001 be the lucky ones? Should we say screw you to everyone else that comes along including any childtren you may have?


<em>Save the children. Only IHB ruins the lives of the children.</em></p>

<p>What is better now than when you bought to justify such a jump in prices that should be prolonged at the detriment of a majority of society?


<em>If I cared about anybody else other than myself, then I still wouldn’t care about anyone else. This is just part of your greedy plan to take advantage of others, and I’m not falling for it.</em></p>

<p>I know that is a lot to answer. I guess I dont really expect a response. It just baffles me that people seem to think life is really that much different here in the OC or anywhere in SoCal than it was 7 years ago.


<em>It is soooo different here. It is sunnier, there has been no rain, and housing continues to go up. Why do you hate me, er I mean OC?</em></p>

<p>In some ways I am sure it is a bit better, but I am sure there are alot of people that can tell you it is a lot worse.


<em>The people that think it is worse, are loser renting bears. How is that balcony? Why don’t you buy a home and make your family happy? If you and all these dumb bears bought a home, all would be happy here</em></p>

<p>I will put my soap box away now and get some sleep, but try really hard to think about the negatives that this overly speculative market has created and those that are really affected by it.


<em>Sorry, but I read the book “The Secret” and if you think happy thoughts and that home prices will go up, then that will happen. It is the best book ever, along with David Lareah’s books. They are the best</em></p>

 
<p><cite>Re: need a housing bull - seems to be working well for truthi. She is kicking our investment asses - for today at least </cite></p>

<p><cite>http://finance.google.com/finance?client=ob&q=LEN</cite></p>

<p><cite>http://lansner.freedomblogging.com/2007/12/06/sp-negative-on-stanpac-lyon-lennar/</cite></p>

<p><cite>Truthiness</cite> Says:


><a title="" href="http://lansner.freedomblogging.com/2007/12/06/sp-negative-on-stanpac-lyon-lennar/#comment-37501">December 6th, 2007 at 7:43 am</a> </p>

<p>Wow, just made a 6% return on LEN before my second cup of coffee. Six percent in 1 hour, what does that annualize to? Sweet!</p>
 
i think hes being sarcastic. how anyone can take the return from 1 hrs worth of trading and extrapolate an annualized return is beyond me.





someone should mention to her if you take her 2 cups of coffee before 8am and annualize the caffeine intake, her heart will be ready to explode by Christmas.
 
I made a one day return of about 60% on some MBI puts yesterday, but gave just about all of it back today. Well, the market has not closed so it could be all of it and more by closing.
 
<p>I mean, maybe truthi is more tapped into the common man investor sentiment that we are at the moment. The average person person on the street I run into is still bullish on housing in Irvine in the long run and thinks there are bargain properties now to scooped up at a steal. "Hope Now" indeed (LEN up 14.5% today as I post this)</p>

<p>Ex. "Wow, the govt has a plan that is going to fix housing! Cool! Scoop up the bargains and make some money!"</p>
 
<p>Realtors welcome national association president


<a href="http://www.visaliatimesdelta.com/apps/pbcs.dll/article?AID=/20071206/BUSINESS/712060340/1046/BUSINESS">http://www.visaliatimesdelta.com/apps/pbcs.dll/article?AID=/20071206/BUSINESS/712060340/1046/BUSINESS</a></p>

<p>The president of the National Association of Realtors told local real estate professionals Wednesday that real estate is on everyone's radar screen as foreclosures dominate industry news.</p>

<p>Still, Dick Gaylord told an audience at the Visalia Convention Center that he's "never been more confident" in the market. </p>

<p>"Real estate has always been the best way Americans built wealth and it will always be," Gaylord said.


He had flown in on a private jet, courtesy of local developer Andy Mangano, to attend the association's annual luncheon and swearing-in of Jahan Farhang, new president of the Tulare County Association of Realtors.</p>

<p>"The problem is there has been a tremendous appreciation [in property values] over the past five or 10 years and now people have a misperception of real estate as an investment," he said. "They think it's a short-term investment and it's not."</p>

<p>He counted down the positives in today's market, including continued low interest rates, a growing gross domestic product output and solid employment.</p>

<p>"This is a great time and the industry will continue to survive," he said.</p>

<p>Several hundred people attended.</p>

<p>"My goal is to represent the real estate industry with dignity and in as ethical a manner as possible," Farhang told his colleagues.


</p>
 
<p>Homeowners Paying Prop. Taxes on Time</p>

<p><a href="http://latimesblogs.latimes.com/laland/2007/12/homeowners-payi.html#more">http://latimesblogs.latimes.com/laland/2007/12/homeowners-payi.html#more</a></p>

<p>Despite the downturn in the housing market, tax collectors and assessors in Southern California expect revenues to stream at a normal or close to normal rate into county coffers on Monday, the deadline for for first installments of annual property tax bills.</p>

<p>"So far, it looks good," says Los Angeles County Asst. Tax Collector Donna Doss. "I was kind of surprised."</p>

<p>San Bernardino County Tax Collector Dick Larsen sees things pretty much the same way. <strong>"The housing market is definitely slowed down. The number of property transfers is down about 30% countywide, year to date, but our tax collections surprisingly are ahead percentage wise, maybe half a point,"</strong> he says.</p>

<p>In San Diego County, Tax Collector Dan McAllister expects a 6.5% increase this fiscal year as compared to the double-digit growth during the last five years. His Ventura County counterpart, Larry Matheney, says his "collection rate is actually up, though not by a statistically significant" amount. "I don't think the county is going to get the big pinch from this until the decline in the real estate market has gone on for maybe another couple of years," he says.</p>

<p>Counties need to get used to normal to just below normal growth after a series of phenomenal jumps in the tax base, assessors and tax collectors say. Riverside County Tax Collector Paul McDonnell assessed value jumped 22% on Jan. 1, 2006 and declined to 17%, growth year over year, on Jan. 1, 2007. Forecasts are for 8% growth in 2008, 4% in 2009 and 2% each year in 2010 and 2011.</p>
 
<a href="http://tinyurl.com/3dodkc">Lennar downgraded by Deutsche Bank</a>.


<em>


</em>

<p><em> "Based on our analysis of a worst-case scenario, Lennar's joint-venture exposure considerably heightens its risk profile," Sood added. "We see little that could improve the situation as the housing downturn continues."


</em> </p>

<p><em> Deutsche Bank estimates Lennar's nearly $1.1 billion in joint-venture investments and its roughly $900 million in debt guarantees are well above any other builders. Sood said joint-venture operations are "inherently riskier ... in that they are more highly leveraged and more involved in longer-term land investments."</em> </p>

<em></em>

<p><em> Deutsche Bank's Sood said nearly half of builders' book values could be written off in his worst-case scenario for housing as recession fears loom. </em></p>

<p><em>


"As the credit crisis threatens to unravel the economy, our housing thesis remains the same -- the housing market cannot truly bottom until price declines in the resale market have caught up with those in the new home market. Recent data supports that this process has begun but it still has some way to go," Sood wrote in a separate report Friday. </em></p>

<em>


"And with the economic outlook darkening and the housing market already beginning to behave like there's a recession, we think it's appropriate for investors to give much more significant weight to worst-case scenarios," the analyst said</em>
 
<p>The bulls are still running in Spain...</p>

<p>Spain's Sinking Property Market May Roil Europe (Update1) </p>

<p><a href="http://www.bloomberg.com/apps/news?pid=20601109&sid=aJZo3AT8u6.o&refer=home">http://www.bloomberg.com/apps/news?pid=20601109&sid=aJZo3AT8u6.o&refer=home</a></p>

<p>Slump `Unthinkable' </p>

<p>A residential real estate slump is ``unthinkable,'' Zapatero's top economic adviser, David Taguas, said in a Sept. 17 interview. The solvency of the banking system and of real estate developers, as well as the unmet demand for new homes, will prevent any meaningful price erosion, Taguas said. </p>

<p>``To talk about severe adjustments or a meltdown in prices is ridiculous,'' Taguas said. </p>
 
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