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rankandfileParticipant
The guy may be the enemy, but he comes up with some pretty bitchin graphs. I think that there were a few slides that were smoke, but most seem to be in line with what we have been pointing out in the SoCal market for some time: rising costs, stagnant wages, net migration out of Cali, etc.
I thought it was a bit telling to see his slides on immigration. I can’t remember which presentation file it was, but he seemed to basically show that immigrants will be making up a major portion of America’s population in the future and that they are a potential market for real estate. I always had an inkling that the real estate industry was in favor of illegal immigration and seeing this helped confirm my suspicions.
August 25, 2006 at 4:25 PM in reply to: David Lereah now says hard landing for some CA and FL #33307rankandfileParticipantOff topic, but is there such a thing as bottom ramen?
rankandfileParticipantI second what Perry said. Prices seem reasonable and we are also holding out for that level…or we’re going to move.
August 23, 2006 at 10:59 PM in reply to: I think we’re past the point of treating Permabulls with Kid Gloves #32952rankandfileParticipantAll we have ever wanted was the straight scoop. You can only here so much BS before you say something about it. That’s why SD Realtor and others like him are so much more respected. They tell it like it is, rather than blowing smoke. And that’s why the Alan Gins and Lee Sterlings of the world will have their reward when the dust settles from this crash. I would much rather buy (and recommend others to buy) with someone like SD Realtor rather than Lee Sterling. I know that SD Realtor and honest realtors like him will tell me the truth. It’s all about trust.
August 23, 2006 at 10:46 PM in reply to: Roubini issues another blog about the bubble and the recession #32950rankandfileParticipantLACrash: Visit this thread for help in creating links. I show how to do it rich-text style. Coding is for nerds. JK-Powayseller.
rankandfileParticipantSD Realtor, I am sure that Rich would be much obliged if you provided that data for him before they have them both on again. Information like that would be very valuable in a setting like that. Of course, we have to assume that Mr. Sterling is reading this forum and knows that Rich will have this information in hand…and will prepare a counter to it. I love a good chess match.
rankandfileParticipantComon Diego & Perry, surely you can do better than that. Breaking out the race card is a tired, lazy attempt and only says you have no real substance to bring to the argument. Republican propaganda machine? Are you for real? Just because you are on the MoveOn.org email list doesn't mean you have to regurgitate their talking points. Many top ranking Republicans are for illegal immigration or have done nothing of meaning to try to slow or stop it. They are just as bad as the liberals in this regard.
Many conservatives like me don't have a problem with hard-working people that want to come here (legally) to earn a living. And we are not racist, either. But they should do it the right way, and do it legally. Just taking the border doors off their hinges and letting anyone in has several drawbacks:
- It presents a security breach
- Not every illegal that comes here is a good person…many of them are criminals as well.
- They strain our social services such as health care, education, and criminal justice systems. Who do you think pays for them to get treated at the hospital, earn an education, or be given a fair trial?
I got this excerpt from this website. If anyone can verify it's accuracy it would be greatly appreciated.
Here are some statistics from the Los Angeles Times:
40 percent of all workers are working for cash and not paying taxes. Why would they want to be legal and pay taxes? They would be able to start bringing the rest of their families to the USA.
75 percent of people on L.A.'s most-wanted list are illegal aliens.
Over two-thirds of all births are to illegal alien Mexicans on Medi-Cal whose births were paid for by the taxpayers.
Nearly 25 percent of all inmates in California detention centers are here illegally.
Over 300,000 illegals are living in garages.
The FBI reports half of all gang members in Los Angeles are most likely illegals from south of the border.
Nearly 60 percent of all occupants of HUD properties are illegal.
Of the 10 million people in Los Angeles County, 5.1 million speak English and 3.9 million speak Spanish.
21 radio stations in Los Angeles are Spanish speaking.
More statistics:
Less than 2 percent of illegals are picking crops but 29 percent are on welfare.
Over 70 percent of the U.S. annual population growth (over 90 percent of California, Florida and New York) are from immigration.
29 percent of inmates in the federal prisons are illegal aliens.
The lifetime fiscal impact (taxes minus services used) for the average adult Mexican immigrant is a negative.
They also send between about $15 billion back to Mexico to assist their families and prop up the corrupt Mexican government that keeps most of its citizens in poverty. How about a revolt in their own country!
A new figure from yesterday: It cost Los Angeles $276 million in welfare costs for 100,000 children of illegal aliens.rankandfileParticipantI agree with PD. Here are some more of mine:
- The people who criticize our war on terror are the same people that criticized the current leadership for not doing anything to prevent 9/11. Damned if they do and damned if they don't.
- Those people that think they doing a good deed by letting you make a turn in front of them on the road while they are giving you that impatient fart-wafting hand motion and have an irritated look on their face.
- Those that drive at speed limit or below in the fast lane and won't move to the other lane to let you pass.
- Car pool lanes. These are the biggest farce in the history of traffic engineering and don't work! Ultra Narrow Vehicles (UNVs or Commuter Cars) are the way to go!
- TheYankees sweeping the Red Sox in a 5 game series at Fenway Park.
That's it for now…
rankandfileParticipantPerry, the influx of Mexican food is not entirely a bad thing. However, what price do we have to pay for it? Increased crime, increased healthcare and educational costs, increased traffic? I like a carne asada burrito as much as the next guy, but it comes at a steep price. And to the argument that they do the jobs that we American's refuse to do. They do them because employers can pay them cheap wages under the table. Hiring a true citizen involves employers and employees actually playing by the rules and paying the fair share of taxes. Skimming the system only makes it more expensive for the rest of us that do things the right way. Another thing is that is perhaps the most worrisome is that there is a huge groundswell of illegal (and legal) Mexican immigrants who aim to conver American into Northern Mexico, rather than assimilate into society (e.g., Aztlan, MEChA, and La Raza).
European and Asian immigrants, and even Hispanic immigrants strived to become Americans…not bring convert America to their former countries. I know my forebears stressed that their children learn English and excel in education. What we often see in certain parts of the Latino community, particularly SoCal, is that they want to convert it to Mexifornia. I think similar statements hold true for some factions of the Muslim society who seek to convert us rather than try to assimilate. By assimilate, I don't expect them to completely forget their culture, but rather accentuate our own American culture with theirs.
rankandfileParticipantI think Rich did well. I think he would have done even better if he spoke more. My impression was that his counterpart came across as himself – a salesman-like, former attorney. Mr. Sterling effectively filibustered Rich, particularly in the beginning of Part 2, where it seemed like he took 3-4 minutes to make a single point.
Rich came across as professional, courteous, and knowledgeable of the subject matter. One suggestion I have would be for Rich to be a bit more confrontational, although I sense this is not in his nature. You might think that you are fighting the former attorney's fight by doing this, but I think you will do quite well. Nobody knows the subject matter better than you and I can see that when you get "fired up" a bit, you actually stop thinking about every word you are going to say and you just talk…which is a good thing. The "to a man" comment you made about those you have spoken to about ARMs is an example.
Another suggestion would be to read up more on Mr. Sterling to see some of his (and his agencies) past work, and point out irregularities in it. I think he may have a bit of an advantage in that he can read your blog and get an idea of your tactics and arguments. Why not do the same against him, if you haven't done so already? Rich has the advantage of the host, who is also a renter, being on his side. I might also point out the fact that Mr. Sterling was in Colorado, not California during the last housing bubble. Were you, Rich?
rankandfileParticipantPerry, have you ever watched Monk?
rankandfileParticipant[img_assist|nid=1288|title=STEP 1|desc=|link=node|align=left|width=371|height=400]
[img_assist|nid=1289|title=STEP 2|desc=|link=node|align=left|width=369|height=400]
[img_assist|nid=1290|title=STEP 3|desc=|link=node|align=left|width=400|height=388]
I hope this gives you a general idea. Please forgive me for the blurry text. I took screen captures of Piggington, brought them into MS Word and added captions, and then I did more screen captures and saved them as .jpg files in MS Paint.
rankandfileParticipantI really don't like the following things:
- Toilet paper roll that feeds from the bottom rather than the top
- Toothpaste stains on the bathroom sink
- A wet patch on the carpet in front of the shower
- No courtesy flush
That's it for now…
rankandfileParticipantWhat community(ies) are you referring to?
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