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RedmondLonghorn

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Everything posted by RedmondLonghorn

  1. I am pretty buzzed now, if that counts. Four double white russians will do that to ya.
  2. Area Sep-06 Sep-07 YoY Chg Sep-06 Sep-07 YoY ChgAlameda 1,690 948 -44% 587250 556000 -5.3%C Costa 1,784 916 -49% 550000 551250 0.2%Marin 292 197 -33% 797000 810000 1.6%Napa 129 68 -47% 610000 544250 -10.8%SF 567 469 -17% 759000 773500 1.9%S Mateo 738 486 -34% 760000 760000 0.0%S Clara 1,986 1,235 -38% 671500 696500 3.7%Solano 606 321 -47% 460000 410000 -10.9%Sonoma 582 374 -36% 530000 500000 -5.7%BayArea 8,374 5,014 -40% 620000 625000 0.8%Looking at the hardest hit areas: Solano County - subprime exposure Napa County - lots of second homes Alameda County - subprime exposure Story from DataQuick
  3. That sucks. I can't imagine flipping is much fun at all these days. I wonder if people even still try. Even in NC, where you still see news shows about how Raleigh and Charlotte avoided all the downturns, the market is slow. The builder in my neighborhood has only a couple houses remaining out of a hundred or so that they built (2 other custom builders) over the past few years and they just dropped their prices. I know that they just want to dump ASAP and get their money because like any business, that capital drives their other new neighborhoods which they just started. I feel bad for a couple neighbors who "have" to move and those price drops hurt them the most because the builder will absolutely sell under market price just to be done and $$ is the reason that they "had" to move.A buddy of mine owns his own mortgage brokerage business in Seattle. Seattle is one of the few markets, along with the markets in North Carolina, that still looks okay on a yr/yr basis. But there are signs that it is about to roll over, I think.Anyway, my buddy still gets random incoming calls from people who want to buy and flip houses. It's like the people considering doing this have been living in a cave, or something.That amazes me. You would be hard pressed not to know that the housing industry/mortgage industry has changed a lot over the last year.I have a feeling Seattle is a lot like North Carolina in that it saw a huge influx of people from California/NY/New England/DC/Florida where people made a ton of money on their houses. The Northwest/NC were kind of the second wavers of the RE market. Well, with the RE market tanking in all those locations, there are a lot less people who can move and there are a lot less people who can afford to buy houses. I don't think things will tank here in NC because I don't believe they ever got crazy (my house outside of DC almost tripled from 1998-2005), but things are slowing and I am sure there is enough froth to lose some steam. I have no idea on prices in Seattle, but it sounds like the same situation.Seattle is starting to tip now. I was there for our corporate meetings last month and with all the cranes for high rises there, they are about to feel it. Our group locally in Seattle is starting to take notice.There are thirteen construction cranes in downtown Bellevue right now. They are working on highrise office space, condos and some retail/mixed use projects. The commercial and retail projects probably still look okay (for now), since office and retail vacancy rates are very low, but the condo projects are another story. [old man]When I was a kid growin up there, the tallest building was 8 stories.[/old man] The Seattle market has stayed relatively strong for a lot longer than most places, but if you look at the local market statistics regularly, there are plenty of indications that all is not well. I would expect the market to roll over on a year-over-year basis in the next month or two.
  4. I actually don't think any other kind of shorts are available in Oklahoma.
  5. Pretty sure Season 4 is out on DVD in early December. You can pre-order it on Amazon now, for December release. Season 5 (final season) should follow in January.
  6. my fiancee wants me to wear hats more often and she wants me to either wear them to the side or backwardsYou are engaged to a 15 year old?no 21Oh..yeah, Waco. Sorry, I forgot. Hint: People in places like Provo and Waco tend to get married younger than average.I am just kidding with you, regardless.
  7. my fiancee wants me to wear hats more often and she wants me to either wear them to the side or backwardsYou are engaged to a 15 year old?no 21Oh..yeah, Waco. Sorry, I forgot.
  8. my fiancee wants me to wear hats more often and she wants me to either wear them to the side or backwardsYou are engaged to a 15 year old?
  9. whats so funny about them being cargoMaybe you don't read so good, but the funny part is that they are short carpenter's pants, not cargo shorts. Like, as in, they have an actual hammer loop on the leg.This guy forgot to bring his framing hammer though. Or maybe security wouldn't let him bring it into the game. Cargo jorts would suck, too, though, in case anyone's wondering.Oh, I agree, they are jorts afterall.I just don't think they would be as especially notable in their suckiness as friggin' carpenter's jorts.
  10. whats so funny about them being cargoMaybe you don't read so good, but the funny part is that they are short carpenter's pants, not cargo shorts. Like, as in, they have an actual hammer loop on the leg.This guy forgot to bring his framing hammer though. Or maybe security wouldn't let him bring it into the game.
  11. I went to the Boise State / Washington game last Saturday. Definitely a good place to see some jorts. Moreso on the folks from Idaho, but one Husky fan had a pair on that were worth memorializing here. I don't know if the picture will make it totally clear, but these were basically the jorts version of Carhart carpenter pants. Right down to having a hammer loop on them (). Carpenter's Jorts
  12. That sucks. I can't imagine flipping is much fun at all these days. I wonder if people even still try. Even in NC, where you still see news shows about how Raleigh and Charlotte avoided all the downturns, the market is slow. The builder in my neighborhood has only a couple houses remaining out of a hundred or so that they built (2 other custom builders) over the past few years and they just dropped their prices. I know that they just want to dump ASAP and get their money because like any business, that capital drives their other new neighborhoods which they just started. I feel bad for a couple neighbors who "have" to move and those price drops hurt them the most because the builder will absolutely sell under market price just to be done and $$ is the reason that they "had" to move.A buddy of mine owns his own mortgage brokerage business in Seattle. Seattle is one of the few markets, along with the markets in North Carolina, that still looks okay on a yr/yr basis. But there are signs that it is about to roll over, I think.Anyway, my buddy still gets random incoming calls from people who want to buy and flip houses. It's like the people considering doing this have been living in a cave, or something.That amazes me. You would be hard pressed not to know that the housing industry/mortgage industry has changed a lot over the last year.I have a feeling Seattle is a lot like North Carolina in that it saw a huge influx of people from California/NY/New England/DC/Florida where people made a ton of money on their houses. The Northwest/NC were kind of the second wavers of the RE market. Well, with the RE market tanking in all those locations, there are a lot less people who can move and there are a lot less people who can afford to buy houses. I don't think things will tank here in NC because I don't believe they ever got crazy (my house outside of DC almost tripled from 1998-2005), but things are slowing and I am sure there is enough froth to lose some steam. I have no idea on prices in Seattle, but it sounds like the same situation.No, prices in Seattle are high by national standards already. Not as high as Bay Area, Los Angeles, New York or Honolulu, but I can't think of any other major markets that are pricier overall.But there is population growth, the economy is very healthy, there is a lot of wealth in the area, and the market is very physically constrained by geographical features (mountains, lakes, Puget Sound, etc.).And while the market is doing better than most, it isn't like it has been totally unaffected. There is a lot more inventory on the market and it is moving a lot more slowly than it was. There will likely be a condo glut before long.
  13. That sucks. I can't imagine flipping is much fun at all these days. I wonder if people even still try. Even in NC, where you still see news shows about how Raleigh and Charlotte avoided all the downturns, the market is slow. The builder in my neighborhood has only a couple houses remaining out of a hundred or so that they built (2 other custom builders) over the past few years and they just dropped their prices. I know that they just want to dump ASAP and get their money because like any business, that capital drives their other new neighborhoods which they just started. I feel bad for a couple neighbors who "have" to move and those price drops hurt them the most because the builder will absolutely sell under market price just to be done and $$ is the reason that they "had" to move.A buddy of mine owns his own mortgage brokerage business in Seattle. Seattle is one of the few markets, along with the markets in North Carolina, that still looks okay on a yr/yr basis. But there are signs that it is about to roll over, I think.Anyway, my buddy still gets random incoming calls from people who want to buy and flip houses. It's like the people considering doing this have been living in a cave, or something.
  14. Friend of mine: "I'm elusive baby, so why don't you kill me?" Beck song, 1993-ish. My worst ones: "the legend of the centerfold" J. Geils Band "I test the rains down in Africa" Toto
  15. Thanks for the info. Will be going on the TIVO To Do list immediately.
  16. Housing and financials are pretty far from my area of expertise, but I think I could lend a few observations here.First off, you have to consider all of the ARM activity that has happened over the past three years. ARM loans as a % of total home loans have increased massively over that time period. So there are a lot of people with low teaser rates that are going to expire over the next couple of years. That is going to put a lot of homeowners who might now be teetering near distress right over the edge.Home affordability, while improved from where it was just a few months ago, is still pretty bad by historical standards. Obviously this varies a lot by specific market, but it is still a big deal.Inventories are also super-elevated, especially in the condo and townhome segments.Taken as a whole, there is still plenty of room for the picture to get meaningfully worse. And I don't think it will just be isolated to sup-prime.
  17. Just to be clear, those aren't jorts, they are cut offs.They are awful in their own way, but are a pretty different phenomenon.
  18. yes, you ARE a sweetheart. rrrroooowww

  19. love the avatar. bloo is my hero

  20. forming a support group for parents of cross dressing toddlers

  21. I also need to clarify something: Jorts were never cool. There was a period of time (many years ago), where they became acceptable in the mainstream, but they were never cool. In fact, quite the opposite. Since that time, the fact that they are so totally lame has become well accepted by the masses, though there are still hold outs (it seems). There will probably be another time when they are once again deemed fashionable by a larger portion of society, but they will be wrong. And, for the record, I have never owned a pair of jorts. I did wear cut off jeans shorts in the 70s when I was a kid, but that is a different matter. Both of our sons have had jorts, but only as toddlers.
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