Re: Location! Location! ?

Location! Location! ?

The value of real estate is said to depend on Location. I would change the rule and say that it also heavily depends on Moment, on the time, on the era or years that you are trying to buy or sell, along with the location.

I see offerings in Detroit of large homes for a few thousand dollars: Detroit is a large city in the richest country of the world, I see offers in Bulgaria of similar homes (crappier anyways) the same for a few thousand dollars.

What do they have in common ? They are in an era or perdiod of time of bad economy, small prospects of economic growth and so forth: if no one wants to be in a place (anymore?), the value of the homes can become zero, there is no real objective values for real estate, it is totally variable.

So maybe the same home in Detroit in 1950 would have been worth ten times more than today (relatively), so it should be that moment, period of time is just as important as location, just saying...

Last edited by nameta9 on Wed Jun 05, 2013 12:36 pm, edited 1 time in total.

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Re: Location! Location! ?

by Kriswest » Wed Jun 05, 2013 11:36 am

Location = demand and maintenance costs. Insurance rates also cause drastic price changes. Here on the gulf coast, Beautiful old mansions and regular homes are being torn down, private families cannot afford the premiums on these homes, nor can they afford to make them FEMA compliant. The land is cheap now where once an acre 10 years back would havr been 50,000$.

I will be bitchy, cranky, sweet, happy, kind, pain in the ass all at random times from now on. I am embracing my mentalpause until further notice. Viva lack of total control!!!!!!!!!!!!!!!!!!! This is not a test,,, this is my life right now. Have a good day and please buckle up for safety reasons,, All those in high chairs, go in the back of the room.

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Re: Location! Location! ?

by nameta9 » Wed Jun 05, 2013 12:29 pm

And then you have the psychology of high prices: if everyone is brainwashed and self brainwashes themselves, an entire city self brainwashes itself that its property is oh so valuable, they remain high no matter what, look at London, crazy prices from any point of view, or any European city for that matter especially Rome and Madrid etc. And then you have international funds, investors who have trillions of dollars and end up simply pumping up the value of real estate in London, New York, San Francisco, Moscow etc. so they use their cash as a weapon against everyone who is not rich and so forth.

And of course there are all kinds of power struggles, feedback effects, a lot of people live off rents being paid for their property, and they have the same interests of rich investors, keeping home values high, companies create jobs in hot areas like San Francisco and let prices go through the roof by imitating each other (pray tell me, how can any chunk of cement or chunk of wood, a piece of cement or wood, etc. since a house is just a box of wood or cement, simply a box to live in) be worth 500,000 dollars in San Francisco and 50,000 dollars in Florida ? actually the one in Florida is even bigger and nicer and has a swimming pool ad so forth.

So it is all a variable, all a wild number a society decides to impose upon itself, it is a way a society self punishes itself, a way to make a society beat itself up by this real estate war and so forth.

So they say that home prices going up is good for the economy: how on earth can anyone say this seriously ? and yet it is what everyone says and believes in.

I say that it is much easier for fake high home prices to come crashing down than it is to pump them up, it is easier to go Detroit than the other way around: after all the prices going up is a make believe bubble, only due to a dominating psychological and cultural artifact that can change course very quickly never to go back up again.

Now Shanghai, or Sao Paolo Brazil tomorrow Mexico City or Saigon or Hanoi will become the mega hot spots, go pump the prices up in those cities and so forth, the cities with high economic growth expected (and pray tell me what is the difference between economic growth and simply home prices growing ? the same thing ? home prices punish those who can't afford it).

Of course New York City, Los Angeles, London, San Francisco will forever be considered hot spots and will always have high home prices, how I wish they would crash and collapse like a brick in all of those cities, they should all go Detroit, 10,000 dollars for a nice 4 bedroom home!

Of course the theory goes that a home is worth the area it is placed in because the area offers good jobs and so forth: but if companies are always restructuring, cutting costs, changing and technology is always changing everything who will gaurantee that an area will always be a hot spot ? another bet on the future, another risk and so forth, so the home you paid 300,000 dollars for may be worth 50,000 dollars in 20 years if all the companies in an area find a way to cut costs, and fire everyone...

And then you have the cases like Madrid and Rome that have zero economy, no possible future growth and home prices that are frozen sky high: of course the banks and the people in those countries will have to wait a long time to finally wake up and realize they live in third world dumps with zero jobs prospects before those prices collapse like crazy, the sooner the better!

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Re: Location! Location! ?

by nameta9 » Wed Jun 05, 2013 12:33 pm

Kriswest wrote:Location = demand and maintenance costs. Insurance rates also cause drastic price changes. Here on the gulf coast, Beautiful old mansions and regular homes are being torn down, private families cannot afford the premiums on these homes, nor can they afford to make them FEMA compliant. The land is cheap now where once an acre 10 years back would havr been 50,000$.

Where is that ? and anyways you also have the wild card of property taxes changing, increasing whatever. How much is insurance ? and property taxes there ? for a 200,000 dollar home for example ? is the area a "hot spot" for jobs and such ?

Of course I assume you are in the USA, so those costs are local to the USA, my theory is more general, worldwide, real estate is always instable, a kind of war, a complex affair that already caused a massive recession in the USA and especially in Europe.

Wait and see what happens in China, they have millions of empty homes, they have this idea that real estate is a way to store value, to save money in bricks or something like that.

Pure illusion , pure make believe, pure hope and imagination, when China gets their wake up call, watch out, the world economy will go straight into a depression...

old6598

Check out nameta9 and old6598 on ilovephilosophy and old6598 on the internet, google in general.

And others similar...

http://kunstler.com/blog/2013/04/we-wish.html

http://kunstler.com/blog/2013/04/we-wish.html

Re: The Party is Over for Banks and the "Paper Economy"

by nameta9 » Thu May 02, 2013 11:18 am

Mowk wrote:I must?

Yes. Also read and study very carefully:

http://instantsingularity.blogspot.it/


Also check out all the hidden posts of nameta9 in the Rant House and Mundane Babble.

Study and learn it all very carefully, you will be tested on all of this stuff by JHK himself monday morning.

You have your work cut out for you (and this is also what the other 7 billion people worldwide must do, so pass the message and get them studying!).

SHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKKSHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKKSHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKK
CINDERLLA CANDY SHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKKSHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKK CINDERELLA CRAZY SHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKK CINDERELLA CRAZY SHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKKSHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKKSHPACK A LEK A SHLEAK, SHPAK A LAKK , BARBIE CONFUSED, SHAPK A LAKK




APE MACHINE

Exuberant Irrationality

Mowk wrote:Wow that's some irrational rant.

Exuberant Irrationality

Rationality doesn't exist, everything is wrong (and right) at the same time, just give up. The economy needs mistakes more than anything else, it needs stupid people more than anything else, people making huge debts and unable to pay, buying things, huge home improvement projects that then can't be paid back and such. The economy is an On Going Process with no inherent rationality, just a lot of changes for changes sake, alot of different people doing all kinds of things, it needs stupid just as much as smart. One in every three american workers change jobs every year, that is science fiction for puny Europe and JAPAN, they are old, stagnant, static economies, too "smart" and careful and conservative to grow, too educated and careful and such. That is why the GDP of the USA always grow, at least 2 percent a year while puny Southern Europe and JAPAN can't ever grow (and southern europe stashed all their cash in home values, what idiots (but didn't I say we need idiots ? of course, and in fact All Contradictions Are Operating always and such)).

The economy is an on going process (just like work and jobs and science, politics, power struggles and everything in life and the world, all on going processes going nowhere but pretending to go somewhere) that needs a mix of all kinds of things, disjoint logical segments that clash and mix up and confuse, we need confusion and making mistakes more than anything else, we need all kinds of changes. Stupid people buy things at Walmart or Home Depot and decide to improve their house - that creates work and jobs and consumption and so on. So then maybe they can't pay back, who cares ? someone else will always pick up the tab and the merry go round continues. We need way more stupid people (than smart) for the economy to grow than anything else, we need all kinds of people, the more different and random and unexpected the better, this creates all kinds of random interactions amongst economic sectors, all changes, make and break, buy and throw away, hire and fire and so forth.

That is why the economists and JHK (http://kunstler.com/blog/2013/04/we-wish.html) and others are all wrong when they think that society and economy as a whole needs more this or that, must do this or that (more "education" or "innovation" or "research" or "competition" or more public transportation, more "green economy" more local economy or anything else) since they think that such a huge intractable and pointless system made up of millions of random people can be condensed into some small logical segment and everyone is on the same page: nothing further from the truth, everyone is going in a different direction, all disjoint logical segments, it can't be condensed into a simple logical segment or reasoning within the comfort of your own minds, it is totally irrational, random, chaotic mess and so it must be to grow and create jobs.

We need confusion more than anything else, we need random people, millions of people making all kinds of stupid mistakes and such, this creates economic activity and growth and new jobs, always change, hire and fire, everything must become intractable, irrational, a mess, exuberant irrationality, exactly, we need all kinds of people stupid and smart, full of mistakes and full of wise and so forth, only a mixed economy can live and grow and create jobs and such, hire and fire, play your game, make your bet, lose and play another game, be crazy, be wild, mess up, destroy any logical segment, destroy rationality once and for all and the economy will grow forever and such.

Now go on Europe and JAPAN, keep on saving your cash in postal bonds or keep on protecting the values of your homes, keep on protecting the status quo, the moralistic Germany not wanting debts and irrationality and wild and crazy, they will kill all the economies in the end, they don't have a clue how a modern Technological Economy works, they are 100 % wrong on everything, the EU and JAPAN needs to imitate the USA all the way, print money and make debts and great consumerism and make a lot of mistakes and we need millions of stupid people doing all kinds of stupid things and all.

Instead, they all want to be the Morality Police of the world, what idiots...

Mowk wrote:

nameta9 wrote:Check out:

http://instantsingularity1.blogspot.it/

and

http://instantsingularity3.blogspot.it/

For further delucidations.

For further what? Checked your links out, they appear to be a reproduction of what is posted here, how is that any further "delucidations."

What is delucidation? is that suppose to be the opposite of elucidation? To elucidate: to make clear, would then to "delucidate" be to make less clear or intentionally cloud an issue. (are you making up words cause I haven't been able to find it in any dictionary.)

You must read the entire blogs, all of the blog posts and all of the posts of nameta9 on ilovephilosophy for further delucidations...
And also all of the blogs and posts on http://www.kunstler.com for further delucidations...

APE Machine

Make Debts !

From:

http://kunstler.com/blog/2013/04/we-wish.html

Re: The Party is Over for Banks and the "Paper Economy"

by nameta9 » Tue Apr 30, 2013 10:52 am

Amorphos wrote:Just want to run an idea past you...

Infinite banking, the ultimate socialism

As in a decade or so nothing will have value apart from the electricity and 'feed' a 3D printer uses, and power itself may become ‘free’, essentially the cardinality will be stripped out of the whole thing.
By infinite i mean ‘unlimited’ not a denumerable or otherwise very big amount ~ that’s still finite.

You mean infinite debt: debt does not ever have to be paid back, you just pay back debt with new debt, you pay back the old debt by making new debts and so on forever since in reality it will never have to be paid back. Actually what you really need is constant cash flow, cash coming in and going out, the more the better, the more confusing the better (the more intractable the better and then you can play all kinds of accounting games on the numbers and make up all kinds of things, actually the goal is to completely lose track of money, how much it is whether you are in profit or loss, the more mixed up and confusing the better and so on, the financial markets, the paper economy, the make believe economy and such) : just like the "huge" JAPANESE debts or Italian debts, they have all of these debts and yet their economies chug along fine for decades on end, they always find someone who will always buy their debts no matter what. So it will never really have to be paid back, it just gets rolled over forever. And especially these debts are so intractable along with the 10 trillion dollars of US debt, no one knows where it is, what is going on and so forth.

And also notice how small chunks of these debts of varying time spans (10 year notes, 2 year bonds and so forth) are being constantly sold, all having different interest rates, so when one debt expires new ones have been made to pay them off and so forth.

The game is perfect, perfectly rigged, will work forever, this is why JHK ( http://kunstler.com/blog/2013/04/aftershocks.html ) has always been 100 % wrong on the financial and bank economy: it will go on forever, no matter what, it is a perfect machine and you can make debts forever, no amount of money is the limit since it will never really have to be paid back. This is the little dirty secret of all of the financial crap.

The reason why governments and economies can make debts forever is because the Technological Economy generates huge amounts of free wealth automatically (along with huge profits, ask Apple or Exxon etc.) , wealth and production is no longer tied into labor or work anymore, wealth today is created through huge economies of scale, large scale networks, transportation, energy networks (and energy will never run out, we have a glut of energy and solar energy is an infinite source of energy, etc.), information, automation, computers, software, mechanized argiculture, technologies and so forth.

And the world is awash with cash, there is 100 trillion dollars in banks just sitting there and not knowing what to do, you will always find money that will buy any debts no matter what.

Every now and then they have to make believe that "debts" is real and serious so they choose a little irrelevant and weak country, just like bullies and decide to punish them: Greece and Cirpo for example, little weaklings that you can beat up in the name of a false moralistic imaginary model of an economy that doesn't exist and is just made up.

Green Movement Demystified

Green Movement Demystified

The Green - "Tree Hugger" - Environmental protectionism movements and followers are essentially mostly old, utopian, "spoiled brats" who have had theirs, who have lived the "life" who have lived through consumerism, the best periods of economic growth, who have bought all the new cars they wanted, all their color TVs, their McMansions or "new homes" (that have increased constantly in value over the years, but more on this mechanism later) and so forth and so on, the best times of improving lives, technology applied to all things economical and so forth, and now they want to stop it, they have had theirs (they are satisfied, have stuffed themselves more than enough with the good life, now they are tired and need a change, an ethically and morally inspired change) and they don't want no one else to have theirs, neither the emerging economies nor the young generation.

They don't notice or see themselves as egotists, they can't see through their huge bias, they can't see through their huge desire to protect their own and to not let anyone else go forward.

They start off trying to convince everyone worldwide that "Nuclear Energy" is the "devil", is "bad", is "evil", will kill us all, that an atomic energy plant is like atomic bombs and such. They have this totally irrational and absurd desire to kill the cleanest, most truely environmentally friendly and efficient energy that we have available. No pollution, an extremely efficient cycle to produce energy, very small problems regarding Nuclear Waste, that is just an excuse to make the energy cost more and more, to complicate things to create as many roadblocks as possible against Nuclear Energy. And why ? because if nuclear energy became as widespread as it should be, all the energy problems of the world would be resolved once and for all, there would no longer be the excuse of Peak Oil, Pollution, global warming and so forth, all the guilt complexes that the greens like to feed (especially in the terms of making the poor or emerging economies or the new young generation that won't have any future anymore feel guilty about how much they will damage "Nature" and such (what do the greens care, they had their party, they have had theirs, they are mostly all well off, notice the social class they all belong to, upper / middle upper class)).

And then they continue ranting about sprawl and new buildings, they are the most opposed possible to building new buildings, offices, skyscrapers, but especially new homes: they truly hate the idea of societies building new homes, "killing nature" and such. And why is this ? because they all have their own homes, they are all owners of homes, they could care less about how much a homes costs in terms of rents or buying for a new young couple or for the new generation or for the emerging economies, they truly want to stop all possible building imaginable. But there is a real solid, economical reason behind this: they want to protect theirs, especially their own home values, they will do anything to keep the prices of their own homes as high as possible, rents as high as possible and in the meantime stop all and any building of new homes to protect what they have, what they got and accumulated during the good times: they had theirs, they want to maintain and protect their status quo, they want to crystallize the money they accumulated when high paying jobs were available in the high home values their homes have creating a barrier and wall for the new generation to ever rent or own a home. But they hide this (and they hide this even to themselves) by using the excuse that they want "to protect nature", they want to protect the "future generations" and so on. They are hypocrits, egotists who want to keep theirs and not give anything to the future generations or anyone who didn't get theirs when the going was good.

And so it is when they rant and try to do everything against new subdivisions in suburbs, new highways and roads, new Malls (since they have the money to buy things in small boutiques and such), against the automobile, against TV and so on, against industry - Malls - consumption - new cars and houses, etc., always against all and anything that can create jobs and a future to those who still don't have a future.

But they don't notice this, they can't see how class based their ideology is, they are oblivious to what their choices imply economically and socially: they imply no future economic growth, high home prices, stagnation, no future jobs or development, no new projects, only the ever higher protection of the status quo of old spoiled brats who have had theirs and don't want to give anything to anyone else anymore, Nature is always "way more important", people are "crap" especially their obsession of the imaginary worldwide "population explosion", another subtle class position that really means: get out, I don't want other people, I want to protect mine and keep mine, everyone else get lost, you are all too many people, "nature must be protected" (you mean the value of your own home "must be protected" don't you, only you don't notice this).

And in Europe and other countries this green movement is even more class based and even worse: they are even more oblivious to what this movement implies. Try asking any green how the high home prices or rents problem can be solved, see what they answer. They will not even know what to answer since they never thought about it, they could care less, it is a false problem for them since they all live comfortably in their own home and such. God forbid you suggest building more homes, they would jump on you.

And these old boomers, mostly the 50 to 70 years old old hags that have learned to "love nature" and "protect nature" have reached what they think is some kind of advanced ideological and political opinion: they are special, they care about the environment, all other people are killing nature and such. They have their pets and dogs, they have their jogging, all old hags thinking that they are good, ethically and morally good and feel good about themselves. But also many of the younger generation have been brainwashed by these relics of the hippy generation, these spoiled brats ever and always against "Development", "Industry", "Plastic" (as in the old song "Plastic People" and such).

But so it is, especially when they concentrate on morality, who is bad, who is to punish, who is robbing money, all of JHK's attention to finding who is guilty of the financial rackets and all: this stuff is totally irrelevant, the morality police is useless in the larger scheme of things, we need development and projects and buildings and low costs for homes and rents, consumerism and so forth, who cares who robbed what, people will always rob money, will always fool others, there will always be corruption, this is a useless non issue, it only serves to distract everyone from the much more simpler choices that are needed: namely we need to build millions of homes so the prices go way down, we need thousands of new projects like high speed trains, space exploration, nuclear energy and so forth, a never ending list of projects, of future, of hope, of constructions, we no longer need these old spoiled brats, these whiners always against everything, these old hippies dreaming of some utopia (since they always came from rich families) and so on.

And notice how politics is really very simple, is really and should be a very simple yes and no answer to all issues (when in reality politics becomes a never ending struggle and debate and mind games and such): do you want the new Malls here ? yes or no, end of story. Do you want the new subdivision here ? yes or no end of story, no need for endless debates and theories and studies and so on, but this is because our mind and thought is excess capacity compared to the really simple problems we have to solve, and also how would all those politicians and reporters and opinionists and economist and so forth and so on pass 8 hours a day working and debating if everything became as simple as it really should be ?

The Party is Over for Banks and the "Paper Economy"

The Party is Over for Banks and the "Paper Economy"

 

by nameta9 » Sat Apr 27, 2013 10:50 pm 

The Party is Over for Banks and the "Paper Economy"


AZT New York - 4/13/2013 : The governments of the United States, Japan and the European Union along with the US National Security Agency, the Pentagon and the CIA along with other international similar organizations have decided to deploy a stealth - hidden change of economic policy: namely the European Central Bank, the Bank of England, the Bank of JAPAN and the Federal Reserve will, from now on, no longer give their printed money to financial institutions but will deploy this money directly to large scale global projects intended to "Spark Growth" and economic development across the world. The central banks have been printing and giving trillions of dollars to financial institutions worldwide with the hope that this could spark economic growth and employment with no avail. The only real possibility is to directly finance and deploy large scale projects that can start employing some of the millions of unemployed and create a positive feedback loop where the projects themselves start to create more demand and need and so forth initiating a real economic growth cycle.

Many large scale, global projects will be deployed aimed specifically at creating the real conditions for future growth and well being for millions of people especially in the recession racked and stagnating economies of Southern European, Japan and parts of the USA. These projects include a massive worldwide home building plan to build millions of new homes in all of the major metropolitan areas worldwide so as to dramatically decrease housing costs for million of people that up until now could neither rent or buy a home given the very high prices compared to their going salaries: so these homes should be in the range of of 100 square meters (3 bedroom homes or apartments) costing about 150 to 200 dollars a month rent (or mortgage) or a price point of about 50,000 dollars.

Amongst the many projects are included a large scale construction of many new high speed train lines across all continents, a large scale public (or private public) BUS system so as to dramatically improve public transportation worldwide along with many new commuter rail lines (especially in the USA). Other projects include a new wide roads consumer oriented infrastructure plan for Europe and Japan, a "sprawl like" infrastructure project to create wide roads and highways since most countries outside of the USA have a hard time consuming as much as the USA given their tight roads, small homes, few shopping Malls etc. and given the fact that highways and many Mall like shopping centers especially in Germany and Japan and Southern Europe are badly needed to kick start a solid new cycle of consumption and growth. A plan to "suburbanize" as many countries as possible as only through large, wide roads and even single family home type configurations can countries achieve the high growth and consumption the worldwide economy really needs.

Other projects include new space exploration projects, worldwide space projects intended to land a man on mars by the year 2020. President Obama has declared recently that NASA alone intends to land a Man on Mars by the year 2020, so this means a lot of new financing and projects for rockets and space technology and so forth. Other projects include new energy networks using Solar Energy and Wind Energy along with a new plan for Nuclear Energy: Nuclear energy is needed so there will be many projects aimed at building many new Nuclear Energy Plants using the latest generations of technology. Other projects are the construction of thousands of new skyscrapers in all of the major metropolitan areas, many new automobile factories, new factories for all kinds of consumer products and so forth, in all areas worldwide and such.

Also, amongst the major projects that shall be deployed is the intention for the governments and public private organizations to hire millions of young and unemployed people mostly in fake jobs type of positions, civil servants type of positions, many people will be hired mostly with the aim of providing them with a salary: this will eventually be phased out and they will simply receive a salary even if they do not work. This is the only way to give a living salary to millions of people who are structurally redundant simply because modern technological economies need fewer and fewer workers automatically.

This plan has been concluded after a few years of studies conducted by many independent groups to come up with a solution to the present and future "Economic Crisis" problem. This is the result of a large worldwide study conducted by all major universities and think tanks of all political colors, by MIT, Harvard, Stanford, NASA, the CIA and other universities worldwide and so forth.

This hidden agenda of governments and security agencies has been approved and has been accepted as the only real possible way to avoid mass poverty, turmoil, conflicts and the real danger of nuclear conflicts, political instability and so forth brought forward by a huge contradiction operating in modern economies: there is no way to distribute wealth anymore since even the "old fashioned" circuit of employed work no longer is functioning since technological economies will need fewer and fewer workers and hence can even pay them less and less.

The "Invisible Hand of the Market" can no longer work in a 21st century world, the only way to create future growth and wealth is by huge planet sized projects, by directly financing them through trillions of dollars (printed by central banks), and financing these and many thousands of other projects. All of the central banks now agree that throwing money at paper and banks and financial institutions will never achieve anything.

All of the above projects will start being deployed, engineered and designed from the First of June 2013 on.