Obama Wiretapping Trump

[GannonFan]

He probably mean 6.93 years/months. The math is probably complex.

Like the sort that requires a Ti-83?

Does that one do graphs? I never really found a use for anything above the TI-30 really.

[Gil Dobie]

My neighbor just put his house for sale today, $252 per sqft. Built in 1903. He hasn't taken care of his house, lawn or his lakefront. Can't see the lake from his house. Hope it sells, then we have a comparable for April.

[89Hen]

Great strategy. You'll just wait until the list prices are $20's of thousands higher and then pay list.

It is, actually. It's just a house. There are more houses where that one came from and if someone wants to pay $300k for something b/c he outbid 5 other people, then so be it. It's just a house...it's not a life-saving kidney.

I ended up paying about $25k below asking. Not too shabby.

I'm confused by your post then. You said you lost every house, meaning you don't own one.

[Ibanez]

It is, actually. It's just a house. There are more houses where that one came from and if someone wants to pay $300k for something b/c he outbid 5 other people, then so be it. It's just a house...it's not a life-saving kidney.

I ended up paying about $25k below asking. Not too shabby.

I'm confused by your post then. You said you lost every house, meaning you don't own one.

Sorry. All of the houses we put a bid on turned into a bidding war, except for one. We caught it early, put in an offer and the people accepted. It's a good house, built in the 1950s but was wildly over priced (comps were expensively upgraded whereas this one isn't). The agent had to have known that their price wasn't realistic.

[89Hen]

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

This ^ response type is called "Obfuscated Data Response"
Burying the original simple point inside piles of random mostly irrelevant information

Indeed, 89hen
Technology has moved forward and prices reflect that
Homes are made better too
and college educations might be more complete as well

To the point:
Middle class salaries have basically tripled in 40 years (More accurately 3.18 X)
1977 $16,000 Salary
2017 $ 51,000 Salary

Rent / Home ownership / Education / Clothing / Automotive
Have all gone up 5 x and 7 x and in some cases 15 x

The true middle class is taking a beating...
Even dual income middle class households with twin $50 K salaries effectively 6 x more than 1977
aren't keeping up as a single family making $16K in 1977

Cleetus, you really can't be this obtuse. I grew up in a 3 BR, 1 BA house with four kids. That was the norm. Now people expect every kid to have their own BR and maybe even their own BR. People now have media rooms, wired for internet, giant great rooms, etc... All the 1940-1970 era homes around here are small. Anything built after 1980 is bigger and anything built after 2000 is enormous.

Just like cars, people are VOLUNTARILY paying more for homes because they want the amenities. But what do I know, I've only been in the mortgage business and in a realtor office for 19 years. You live near Google, so you're probably more of an expert on this.

[Ibanez]

Like the sort that requires a Ti-83?

Does that one do graphs? I never really found a use for anything above the TI-30 really.

OH yeah...

There were "games" you could install. There was one called Rampage which I think every school had some kid that hacked it to have the name of the school and real students/teachers in it.

[89Hen]

I'm confused by your post then. You said you lost every house, meaning you don't own one.

Sorry. All of the houses we put a bid on turned into a bidding war, except for one. We caught it early, put in an offer and the people accepted. It's a good house, built in the 1950s but was wildly over priced (comps were expensively upgraded whereas this one isn't). The agent had to have known that their price wasn't realistic.

That's good strategy, your original post made it sound like you were just waiting it out. That strategy fucked a lot of people. I even know folks who sold around 2002 because it was a sellers market and they figured prices would drop and they could get back in for cheaper. They couldn't afford to buy their own house back.

[GannonFan]

Does that one do graphs? I never really found a use for anything above the TI-30 really.

OH yeah...

There were "games" you could install. There was one called Rampage which I think every school had some kid that hacked it to have the name of the school and real students/teachers in it.

Rampage like the arcade game where you drink a concoction and turn into a Godzilla-type and you go around and knock the crap out of Peoria and other such towns? Loved that game.

[89Hen]

Lack of inventory is what helped the Seattle market.

I think "helped" is not necessarily the right word. Prices are up, but we're not selling any more homes. So what happens when people finally do start listing their homes and we have a glut?

[Ibanez]

This ^ response type is called "Obfuscated Data Response"
Burying the original simple point inside piles of random mostly irrelevant information

Indeed, 89hen
Technology has moved forward and prices reflect that
Homes are made better too
and college educations might be more complete as well

To the point:
Middle class salaries have basically tripled in 40 years (More accurately 3.18 X)
1977 $16,000 Salary
2017 $ 51,000 Salary

Rent / Home ownership / Education / Clothing / Automotive
Have all gone up 5 x and 7 x and in some cases 15 x

The true middle class is taking a beating...
Even dual income middle class households with twin $50 K salaries effectively 6 x more than 1977
aren't keeping up as a single family making $16K in 1977

Cleetus, you really can't be this obtuse. I grew up in a 3 BR, 1 BA house with four kids. That was the norm. Now people expect every kid to have their own BR and maybe even their own BR. People now have media rooms, wired for internet, giant great rooms, etc... All the 1940-1970 era homes around here are small. Anything built after 1980 is bigger and anything built after 2000 is enormous.

Just like cars, people are VOLUNTARILY paying more for homes because they want the amenities. But what do I know, I've only been in the mortgage business and in a realtor office for 19 years. You live near Google, so you're probably more of an expert on this.

You're such a dumbass, what do you know? Cleets and his girlfriend got this shit under control!

[Gil Dobie]

Lack of inventory is what helped the Seattle market.

I think "helped" is not necessarily the right word. Prices are up, but we're not selling any more homes. So what happens when people finally do start listing their homes and we have a glut?

Any idea when the glut will occur?

[Ibanez]

Sorry. All of the houses we put a bid on turned into a bidding war, except for one. We caught it early, put in an offer and the people accepted. It's a good house, built in the 1950s but was wildly over priced (comps were expensively upgraded whereas this one isn't). The agent had to have known that their price wasn't realistic.

That's good strategy, your original post made it sound like you were just waiting it out. That strategy fucked a lot of people. I even know folks who sold around 2002 because it was a sellers market and they figured prices would drop and they could get back in for cheaper. They couldn't afford to buy their own house back.

Oh we did, for about 6 months. But we weren't in a rush and it worked out. It's a huge investment, I don't understand the people that rush into things b/c they have fear of missing out.

[Ibanez]

OH yeah...

There were "games" you could install. There was one called Rampage which I think every school had some kid that hacked it to have the name of the school and real students/teachers in it.

Rampage like the arcade game where you drink a concoction and turn into a Godzilla-type and you go around and knock the crap out of Peoria and other such towns? Loved that game.

Yup. It's essentially that. It was called "B.E. Rampage." B.E. = Bishop England

[BDKJMU]

If these things had simply doubled in price or even trippled we'd still be okay

Average New Car 1977: $3,800

Cars didn't offer a whole lot of amenities in 1977 and they sucked balls. Our kids don't know what "flooding an engine" is and they'll never sit at a red light hoping their car doesn't stall, or continue to idle after you turn off the car.... Crank windows, AM/FM radio with a couple of speakers, maybe had AC, might have been a manual transmission, seats were adjustable only forward and backward, etc... people want a lot more in a car now. Also if you simply adjusted for inflation, that number would be more than double or triple today.

Yep. That $3,800 avg coat for a new car in 77' is over 15k in 2017 $$, which is what you could buy a new car for if you removed the cost of all the govt mandates (safety, environmental, CAFE, etc) that have been added in the last 4 years + all the high tech shit that people want nowadays. Hence why the avg cost of a new car is over 31k. Now if you could buy a car that could only do what a car in 1977 could do, with 1977 safety & technology, it wouldn't even cost you 15k..

[89Hen]

My girlfriend and I will close on April 19th on a house in North Creek WA.
at the fabulous price of $290 a square foot



I'll post pictures next month
It's nothing special

Sucker.

I know you know, but price per square foot means jack shit. You're buying land. One of my agents just brought this house on the market today. $475,000. Many folks here would choke on that price, but this is a MUCH lower cost area of the county.



Similar size home, not as pretty (IMO), but in a different neighborhood, same distance to DC... $748,000,

[Chizzang]

This ^ response type is called "Obfuscated Data Response"
Burying the original simple point inside piles of random mostly irrelevant information

Indeed, 89hen
Technology has moved forward and prices reflect that
Homes are made better too
and college educations might be more complete as well

To the point:
Middle class salaries have basically tripled in 40 years (More accurately 3.18 X)
1977 $16,000 Salary
2017 $ 51,000 Salary

Rent / Home ownership / Education / Clothing / Automotive
Have all gone up 5 x and 7 x and in some cases 15 x

The true middle class is taking a beating...
Even dual income middle class households with twin $50 K salaries effectively 6 x more than 1977
aren't keeping up as a single family making $16K in 1977

Cleetus, you really can't be this obtuse. I grew up in a 3 BR, 1 BA house with four kids. That was the norm. Now people expect every kid to have their own BR and maybe even their own BR. People now have media rooms, wired for internet, giant great rooms, etc... All the 1940-1970 era homes around here are small. Anything built after 1980 is bigger and anything built after 2000 is enormous.

Just like cars, people are VOLUNTARILY paying more for homes because they want the amenities. But what do I know, I've only been in the mortgage business and in a realtor office for 19 years. You live near Google, so you're probably more of an expert on this.

So you're saying home prices and car prices would be flat or equal to current middle class salaries
were people buying homes and cars similar in features and quality from 1977..?

So it's peoples wants and expectations that have elevated market price

Actually ^ I don't entirely disagree with that
But there are market conditions that are extraordinary in certain regions of the U.S.
and these regions destroy any math model related to standard inflation



You're not the only person in the Real estate business 89hen
and it''s not like it's a difficult business to study regardless

[89Hen]

I think "helped" is not necessarily the right word. Prices are up, but we're not selling any more homes. So what happens when people finally do start listing their homes and we have a glut?

Any idea when the glut will occur?

Should be pretty soon, but nobody has that crystal ball. Boomers have not moved as quickly as previous generations. I'm sure it's party to do with the lack of pensions and retirement earnings and many simply can't afford to move to where they want. But as they're forced to move, the inventory WILL go up and prices will probably fall.

[89Hen]

Cleetus, you really can't be this obtuse. I grew up in a 3 BR, 1 BA house with four kids. That was the norm. Now people expect every kid to have their own BR and maybe even their own BR. People now have media rooms, wired for internet, giant great rooms, etc... All the 1940-1970 era homes around here are small. Anything built after 1980 is bigger and anything built after 2000 is enormous.

Just like cars, people are VOLUNTARILY paying more for homes because they want the amenities. But what do I know, I've only been in the mortgage business and in a realtor office for 19 years. You live near Google, so you're probably more of an expert on this.

So you're saying home prices and car prices would be flat or equal to current middle class salaries
were people buying homes and cars similar in features and quality from 1977..?

So it's peoples wants and expectations that have elevated market price

Actually ^ I don't entirely disagree with that
But there are market conditions that are extraordinary in certain regions of the U.S.
and these regions destroy any math model related to standard inflation

You're also overlooking one important item when it comes to housing.

[89Hen]

Like the sort that requires a Ti-83?

Does that one do graphs? I never really found a use for anything above the TI-30 really.

Time machine...

[Ibanez]

Cleetus, you really can't be this obtuse. I grew up in a 3 BR, 1 BA house with four kids. That was the norm. Now people expect every kid to have their own BR and maybe even their own BR. People now have media rooms, wired for internet, giant great rooms, etc... All the 1940-1970 era homes around here are small. Anything built after 1980 is bigger and anything built after 2000 is enormous.

Just like cars, people are VOLUNTARILY paying more for homes because they want the amenities. But what do I know, I've only been in the mortgage business and in a realtor office for 19 years. You live near Google, so you're probably more of an expert on this.

So you're saying home prices and car prices would be flat or equal to current middle class salaries
were people buying homes and cars similar in features and quality from 1977..?

So it's peoples wants and expectations that have elevated market price

Actually ^ I don't entirely disagree with that
But there are market conditions that are extraordinary in certain regions of the U.S.
and these regions destroy any math model related to standard inflation



You're not the only person in the Real estate business 89hen
and it''s not like it's a difficult business to study regardless

You know, I don't mind the modern look. But for $820k, i'd expect something more.


And i'm well aware of the regional differences that are reflected in prices.

[Ibanez]

Does that one do graphs? I never really found a use for anything above the TI-30 really.

Time machine...

My dad still uses his. He's had it since at least the late 80s. It's an HP right? He bought me one when I started in Real Estate in 2006.

[89Hen]

My dad still has that, it's an HP right? He bought me one when I started in Real Estate in 2006.

HP 12C. Hasn't changed in 40 years and still the best for my biz. The reverse Polish notation gives the average calculator user fits. I struggle when I pick up a regular calculator to do simple math.

[Gil Dobie]

Any idea when the glut will occur?

Should be pretty soon, but nobody has that crystal ball. Boomers have not moved as quickly as previous generations. I'm sure it's party to do with the lack of pensions and retirement earnings and many simply can't afford to move to where they want. But as they're forced to move, the inventory WILL go up and prices will probably fall.

Reason I was asking, is my neighbor and his neighbor both have their homes for sale. We were planning on selling in April. Both their houses need more work than ours, and we were planning on listing below what they are listed at. KInd of a local glut.

[Ibanez]

My dad still has that, it's an HP right? He bought me one when I started in Real Estate in 2006.

HP 12C. Hasn't changed in 40 years and still the best for my biz. The reverse Polish notation gives the average calculator user fits. I struggle when I pick up a regular calculator to do simple math.

That reverse notation is the reason I stopped using it. 3+3 seems more natural than 33+.

[BDKJMU]

"Potential 'smoking gun' showing Obama administration spied on Trump team, source says

Republican congressional investigators expect a potential “smoking gun” establishing that the Obama administration spied on the Trump transition team, and possibly the president-elect himself, will be produced to the House Intelligence Committee this week, a source told Fox News.....

.....The intelligence is said to leave no doubt the Obama administration, in its closing days, was using the cover of legitimate surveillance on foreign targets to spy on President-elect Trump, according to sources.

The key to that conclusion is the unmasking of selected U.S. persons whose names appeared in the intelligence, the sources said, adding that the paper trail leaves no other plausible purpose for the unmasking other than to damage the incoming Trump administration.

The FBI hasn’t been responsive to the House Intelligence Committee’s request for documents, but the National Security Agency is expected to produce documents to the committee by Friday. The NSA document production is expected to produce more intelligence than Nunes has so far seen or described – including what one source described as a potential “smoking gun” establishing the spying......."
http://www.foxnews.com/politics/2017/03 ... -says.html