Comments on: Chicken Little 2.0 http://sacrag.com/2007/08/chicken-little-20/ Sacramento News, Gossip & Snark Wed, 3 Dec 2008 07:04:50 +0000 http://wordpress.org/?v=2.6.2 By: SnarkMaster http://sacrag.com/2007/08/chicken-little-20/#comment-23147 SnarkMaster Thu, 30 Aug 2007 22:23:21 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-23147 The market will drop about 40% before its all over. It is going to be in one word, UUUGLY! The market will drop about 40% before its all over.

It is going to be in one word, UUUGLY!

]]> By: ibid http://sacrag.com/2007/08/chicken-little-20/#comment-22946 ibid Tue, 28 Aug 2007 20:23:12 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22946 Reading comprehension doesn't seem to be stylish these days. The original post is about sacbee piling on. MrsTopofIt's comment was about a comment about a comment about a comment. That makes MrsTopofIt's subject the third-cousin twice removed of RonTopofIt's original subject. Assuming there are no step-subjects involved. My subject relates to a comment about a comment about a comment about a comment. Sometimes I just plug the surge protector into itself to save money on my electricity bill. Reading comprehension doesn’t seem to be stylish these days.

The original post is about sacbee piling on.

MrsTopofIt’s comment was about a comment about a comment about a comment. That makes MrsTopofIt’s subject the third-cousin twice removed of RonTopofIt’s original subject. Assuming there are no step-subjects involved.

My subject relates to a comment about a comment about a comment about a comment.

Sometimes I just plug the surge protector into itself to save money on my electricity bill.

]]> By: semloh http://sacrag.com/2007/08/chicken-little-20/#comment-22945 semloh Tue, 28 Aug 2007 20:16:40 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22945 MrsTopofIt does not seem to be on the top of it afterall... why are you getting personnal ? I found a lot more wit in Gwynster's writing then you seem to. I understand that it can be frustrating in particular for home owners to see the market going down. You can't however blame the media or a couple blogs for the downturn. Aferall nobody was complaining when the same media frenzy was artificially pumping up prices in Sacramento. MrsTopofIt does not seem to be on the top of it afterall… why are you getting personnal ?

I found a lot more wit in Gwynster’s writing then you seem to.

I understand that it can be frustrating in particular for home owners to see the market going down. You can’t however blame the media or a couple blogs for the downturn. Aferall nobody was complaining when the same media frenzy was artificially pumping up prices in Sacramento.

]]> By: MrsTopofIt http://sacrag.com/2007/08/chicken-little-20/#comment-22933 MrsTopofIt Tue, 28 Aug 2007 18:29:49 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22933 Remember kids - you can't have a battle of wit with an unarmed person. If their reading comprehension is poor, please don't bait them. They can't help themselves. Remember kids - you can’t have a battle of wit with an unarmed person. If their reading comprehension is poor, please don’t bait them. They can’t help themselves.

]]> By: CoolDMZ http://sacrag.com/2007/08/chicken-little-20/#comment-22926 CoolDMZ Tue, 28 Aug 2007 17:20:38 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22926 Gwynster: by mentioning "piling on" I thought it was clear that we have in fact been hearing this for years and are just sort of sick of it. Gwynster: by mentioning “piling on” I thought it was clear that we have in fact been hearing this for years and are just sort of sick of it.

]]> By: Gwynster http://sacrag.com/2007/08/chicken-little-20/#comment-22919 Gwynster Tue, 28 Aug 2007 15:45:48 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22919 I suggest a trip to the Ben's blog if you want to see what folks are talking about and have been talking about since 04'. http://thehousingbubbleblog.com/ If you know Sacramento and have experience with the socioeconomic data for the region in the last 15 yrs, you knew this growth wasn't sustainable. Now we are in the beginnings of a sizeable outmigration pattern where people priced out move to locations without our rampant local inflation. Remember our inflation has been restricted to everything but wage growth. If wages had grown alongside our regional inflation, we would not be in this situation. The downturn will continue for years until the MHI (median household income) earners can afford a decent starter home. All we are predicting is a return to fundamentals. I would also say do not underestimate what boomer era retirements will do to Sacramento. I personally know of many who are 2 to 5 years from retirement and every single one is planning on leaving the area because it’s too expensive on a fixed income. Better to sell and relocate into a low cost area. I suggest a trip to the Ben’s blog if you want to see what folks are talking about and have been talking about since 04′. http://thehousingbubbleblog.com/

If you know Sacramento and have experience with the socioeconomic data for the region in the last 15 yrs, you knew this growth wasn’t sustainable. Now we are in the beginnings of a sizeable outmigration pattern where people priced out move to locations without our rampant local inflation.

Remember our inflation has been restricted to everything but wage growth. If wages had grown alongside our regional inflation, we would not be in this situation. The downturn will continue for years until the MHI (median household income) earners can afford a decent starter home. All we are predicting is a return to fundamentals.

I would also say do not underestimate what boomer era retirements will do to Sacramento. I personally know of many who are 2 to 5 years from retirement and every single one is planning on leaving the area because it’s too expensive on a fixed income. Better to sell and relocate into a low cost area.

]]> By: cooldmz http://sacrag.com/2007/08/chicken-little-20/#comment-22882 cooldmz Tue, 28 Aug 2007 05:57:51 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22882 ...dollar for dollar, obviously …dollar for dollar, obviously

]]> By: cooldmz http://sacrag.com/2007/08/chicken-little-20/#comment-22881 cooldmz Tue, 28 Aug 2007 05:54:04 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22881 Phil, I think that's a bit narrow minded. From my understanding of things, if prices were lower, more people would be buying houses, which means mortgage rates might actually go up to levelize things, meaning that a 30 year fixed might actually cost more then than it does now. No? Phil, I think that’s a bit narrow minded. From my understanding of things, if prices were lower, more people would be buying houses, which means mortgage rates might actually go up to levelize things, meaning that a 30 year fixed might actually cost more then than it does now. No?

]]> By: roger http://sacrag.com/2007/08/chicken-little-20/#comment-22880 roger Tue, 28 Aug 2007 05:50:30 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22880 Phil: So basically you're saying that prices are going to go down until they reach a lower level. I feel like I need a PhD in Mathematics to understand that. QuiteSimple: What exactly is it that you think RonTopofIt didn't understand when he said "it's a down market"? Phil: So basically you’re saying that prices are going to go down until they reach a lower level. I feel like I need a PhD in Mathematics to understand that.

QuiteSimple: What exactly is it that you think RonTopofIt didn’t understand when he said “it’s a down market”?

]]> By: QuiteSimple http://sacrag.com/2007/08/chicken-little-20/#comment-22870 QuiteSimple Tue, 28 Aug 2007 02:48:02 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22870 What's happening is not hard to understand. Looks at this graph: http://en.wikipedia.org/wiki/Image:Shiller_IE2_Fig_2-1.png This is what a bubble is about: Prices going up with no solid economic reasons behind it. All these websites are doing are reporting the facts. Don't kill the messenger. What’s happening is not hard to understand.

Looks at this graph:
http://en.wikipedia.org/wiki/Image:Shiller_IE2_Fig_2-1.png

This is what a bubble is about: Prices going up with no solid economic reasons behind it.

All these websites are doing are reporting the facts. Don’t kill the messenger.

]]> By: Phil http://sacrag.com/2007/08/chicken-little-20/#comment-22863 Phil Tue, 28 Aug 2007 01:22:14 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22863 Dude, you are not to up with things. These websites have been predicting the doom well before the main media picked up on it. Rather than piling on these websites were the first to predict and document the biggest decline of real estate prices in the USA ever! Rather than effectively ignoring them, you might want to find an exit to get out of your home. Before long I predict a substantial amount of the Sacramento real estate owners will be underwater (house worth less than the mortgage). The average wage earner has to be able to buy the median home price with a 30 year fixed loan (5% down), pure and simple. Until that sort of pricing returns to the market prices will keep going down. In fact, looking at history of these sorts of financial crisis prices will overshoot to the downside. Just look at Texas in the late 80s. Sorry, you might not like the news, but you best be planning to adapt to the change. Dude, you are not to up with things. These websites have been predicting the doom well before the main media picked up on it.

Rather than piling on these websites were the first to predict and document the biggest decline of real estate prices in the USA ever!

Rather than effectively ignoring them, you might want to find an exit to get out of your home. Before long I predict a substantial amount of the Sacramento real estate owners will be underwater (house worth less than the mortgage).

The average wage earner has to be able to buy the median home price with a 30 year fixed loan (5% down), pure and simple. Until that sort of pricing returns to the market prices will keep going down. In fact, looking at history of these sorts of financial crisis prices will overshoot to the downside. Just look at Texas in the late 80s.

Sorry, you might not like the news, but you best be planning to adapt to the change.

]]> By: flash http://sacrag.com/2007/08/chicken-little-20/#comment-22860 flash Tue, 28 Aug 2007 01:06:34 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22860 jlt says it like it is, may all the greedy investors shrivel up and dissapear jlt says it like it is, may all the greedy investors shrivel up and dissapear

]]> By: ibid http://sacrag.com/2007/08/chicken-little-20/#comment-22853 ibid Mon, 27 Aug 2007 23:33:08 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22853 TurtySquip wins the loller derby TurtySquip wins the loller derby

]]> By: Turty Squip http://sacrag.com/2007/08/chicken-little-20/#comment-22850 Turty Squip Mon, 27 Aug 2007 23:03:22 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22850 Mmmm... Eileen Javora’s boobs... Must update automatic Google search to only alert on new PICTURES thereof. Mmmm… Eileen Javora’s boobs… Must update automatic Google search to only alert on new PICTURES thereof.

]]> By: ibid http://sacrag.com/2007/08/chicken-little-20/#comment-22849 ibid Mon, 27 Aug 2007 22:57:09 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22849 The problem with this site isn't the quantity of readers. It's a quality issue. The problem with this site isn’t the quantity of readers. It’s a quality issue.

]]> By: jlt http://sacrag.com/2007/08/chicken-little-20/#comment-22848 jlt Mon, 27 Aug 2007 22:49:11 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22848 These people are only interested in one thing: profit at the cost of neighborhood. They have no interest in pricing neighbors out of their own homes by artificially inflating prices, they have no interest in historic preservation of an individual property or an area, and the only thing they pay more than lip service to is their own bottom line. The more people who 'unfairly' pile on these folks the better. There are tens of thousands of working people who can't afford to own their own house because of greedy real estate investors, and it's time to realize that this kind of "me first" attitude is not healthy. These people are only interested in one thing: profit at the cost of neighborhood. They have no interest in pricing neighbors out of their own homes by artificially inflating prices, they have no interest in historic preservation of an individual property or an area, and the only thing they pay more than lip service to is their own bottom line.

The more people who ‘unfairly’ pile on these folks the better. There are tens of thousands of working people who can’t afford to own their own house because of greedy real estate investors, and it’s time to realize that this kind of “me first” attitude is not healthy.

]]> By: sac-eats http://sacrag.com/2007/08/chicken-little-20/#comment-22846 sac-eats Mon, 27 Aug 2007 22:25:23 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22846 If we were desparate for increased traffic we'd title every post "Paul Joncich and Jennifer Whitney: Where are they now?" or just refer to Eileen Javora's boobs in every post. If we were desparate for increased traffic we’d title every post “Paul Joncich and Jennifer Whitney: Where are they now?” or just refer to Eileen Javora’s boobs in every post.

]]> By: Run in cirlces http://sacrag.com/2007/08/chicken-little-20/#comment-22844 Run in cirlces Mon, 27 Aug 2007 22:01:04 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22844 I seriously doubt SacBee would sponsor that site. Any why are you so interested? Are you so desparate for traffic that you need to start a housing bubble discussion too? /snark off I seriously doubt SacBee would sponsor that site. Any why are you so interested? Are you so desparate for traffic that you need to start a housing bubble discussion too?

/snark off

]]> By: adamant http://sacrag.com/2007/08/chicken-little-20/#comment-22842 adamant Mon, 27 Aug 2007 21:34:50 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22842 actually the vultures are starving too. these "corpses" have no meat on their bones. The only people who stand to gain were the little guys who couldn't afford a house last year. Of course now they can't get a loan because of the credit crunch. actually the vultures are starving too. these “corpses” have no meat on their bones. The only people who stand to gain were the little guys who couldn’t afford a house last year. Of course now they can’t get a loan because of the credit crunch.

]]> By: Turty Squip http://sacrag.com/2007/08/chicken-little-20/#comment-22839 Turty Squip Mon, 27 Aug 2007 21:06:16 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22839 No- the housing vultures start now, taking advantage of the people losing their *only* home. Let the fun begin! BWWAAAHHHHHH! No- the housing vultures start now, taking advantage of the people losing their *only* home. Let the fun begin! BWWAAAHHHHHH!

]]> By: TalkingPocket http://sacrag.com/2007/08/chicken-little-20/#comment-22823 TalkingPocket Mon, 27 Aug 2007 18:17:30 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22823 awwe..poor little housing vultures. awwe..poor little housing vultures.

]]> By: adamant http://sacrag.com/2007/08/chicken-little-20/#comment-22822 adamant Mon, 27 Aug 2007 18:16:19 +0000 http://sacrag.com/2007/08/chicken-little-20/#comment-22822 It's actually a little surprising to see SacBee biting the hand that feeds them. During the real estate boom, when my sunday paper weighed an extra two pounds due to real estate ads, SacBee claime that there was no such thing as a bubble. It’s actually a little surprising to see SacBee biting the hand that feeds them. During the real estate boom, when my sunday paper weighed an extra two pounds due to real estate ads, SacBee claime that there was no such thing as a bubble.

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