Crunk Times, My friend.....Crunk Times

[DBfan187 5,000+ posts]

which one do you have?

Acer Aspire 5050-3242 14.1" WXGA LCD Laptop w/ 2.0 GHz AMD Turion 64 Mobile Technology MK-36, Windows XP Media Center Edition

 

[WhoSayWho? 5,000+ posts]

I couldnt even tell you what my parents watch on TV and I live with them

I treid to get my parents to watch the Colbert Report and John Stewart. My mom laughed on accassion, but my dad just left the room.

 

[bdawson72 5,000+ posts]

Seems like way too much work.
I think those shows only exacerbatee the housing problem. Artificially increasing the price the same way the Middle East artificially increases the price of oil.

So.......Whats the problem?

 

[WhoSayWho? 5,000+ posts]

I would have to get a serious deal on a house right now to consider it for an investment.

Hell, I do not even want to buy a house right now for persoanl use. About to relocate a short distance and I have finally (I hope) convinced my wife we should lease for a year.

 

[bdawson72 5,000+ posts]

Problem with what?

It seemed as if you were implying that the flipping of houses was a problem.

Tis all

 

[bdawson72 5,000+ posts]

Good God flip 15k

 

[WhoSayWho? 5,000+ posts]

He must be a Republican.
My grandmother hated Seinfeld. I didn't think that was possible.

Actually he hates Bush. It's hard to pigeonhole him. He spent 30+ years in the military and has been against the war since it was first discussed.

 

[WhoSayWho? 5,000+ posts]

Convinced her of a lease vs. what?

buying

 

[bdawson72 5,000+ posts]

It is.
Speculation artifically increases the price.

Say you are wanting to flip a house and sell it for a 10k increase...well that would convince a marginal house flipper to try to do the same. This person would sell for -10k under normal circumstances but, because his next door neighbor is selling his house for 10k too much, you do it to....and then his neighbor does it...and someone else does it.

It is the allure of these increases in price that raise all ships because it encourages irrational behavior of the maginal flipper.

A marginal flipper is one who would not normally sell, but the idea of gaining substaintial profit causes him to sell.

As more and more people try to sell, the price of the home deviates further and further from book value....this difference I attribute to speculation. As more and more speculation occurs, you are paying for a great percentage of speculation and less and less house.

True. But, I seriously doubt that neighbor upon neighbor would sell strictly because you flipped a house.

Houses in my neighborhood get sold randomly. But I have yet to see something like this occur.

Its possible though.

 

[bdawson72 5,000+ posts]

Actually, they are more likely to appear in clusters. It is called spatial autocorrelation.
Here is a link:

http://www.mtsu.edu/%7Eeaeff/662/c09.pdf

And yes, it was my homework assignment last week. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

I wish I could read all of that

 

[bdawson72 5,000+ posts]

Well I can but.....It seemed to be alot of reading

 

[WhoSayWho? 5,000+ posts]

Son of a bish. You totally had an ace in your pocket and didn't tell us. lawl
I'd still flip. //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

Just make sure you have watched a lot of those TV shows. You really need to know what you are doing. Especially now with the market like it is.