Comments on: New Term for 2009: RSF (Real San Francisco) http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/ SF Bay Area Real Estate, Home Price and Mortgage Insanity Blog - Burbed.com Mon, 15 Mar 2010 19:10:52 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: madhaus http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35639 madhaus Wed, 07 Jan 2009 21:55:34 +0000 http://www.burbed.com/?p=2828#comment-35639 <i>Sounds like the Ponzi scheme our economy has become.</i> Hey, I know who we can get to manage all those home sales from the departing Intel employees! Some dude in NY, really knows his stuff. Madden, Madon, something like that. <a href="http://www.madoff.com/" rel="nofollow">Bernard something</a>. I bet he can spell "light and bright" correctly, too! Sounds like the Ponzi scheme our economy has become.

Hey, I know who we can get to manage all those home sales from the departing Intel employees! Some dude in NY, really knows his stuff. Madden, Madon, something like that. Bernard something. I bet he can spell “light and bright” correctly, too!

]]> By: nomadic http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35637 nomadic Wed, 07 Jan 2009 21:45:37 +0000 http://www.burbed.com/?p=2828#comment-35637 Besides, I'd bet most of Intel's employees aren't even in the bay area anymore. We don't need them! <i>The strategy works quite well as long as you have enough people with a lack of independent reasoning ability.</i> Sounds like the Ponzi scheme our economy has become. Besides, I’d bet most of Intel’s employees aren’t even in the bay area anymore. We don’t need them!

The strategy works quite well as long as you have enough people with a lack of independent reasoning ability.

Sounds like the Ponzi scheme our economy has become.

]]> By: madhaus http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35636 madhaus Wed, 07 Jan 2009 21:22:47 +0000 http://www.burbed.com/?p=2828#comment-35636 anon, You sound bitter. You need RE to help you turn that frown upside down. C'mon, that useless aggregate data hasn't meant a thing in Silicon Valley. So Intel sales are down? So what. Just keep watching the Dow soar; just about any day now! anon,

You sound bitter. You need RE to help you turn that frown upside down. C’mon, that useless aggregate data hasn’t meant a thing in Silicon Valley. So Intel sales are down? So what. Just keep watching the Dow soar; just about any day now!

]]> By: anon http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35634 anon Wed, 07 Jan 2009 20:43:47 +0000 http://www.burbed.com/?p=2828#comment-35634 Anon's guide to "how the powers that be operate" State expectation of recovery -> Underestimate expected losses, overestimate expected gains-> Await report -> Feign surprise when losses are higher than underestimation -> Call bottom -> state expectation of recovery -> Underestimate expected losses, overestimate expected gains-> ... Keeping the sheep in a constant state of hope for the future helps the market grow and cushion losses. Half witted zombies like RE put great faith in "powerful people in Washingon" and buy depreciating assets or they keep their money in the market when things are bad. The strategy works quite well as long as you have enough people with a lack of independant reasoning ability. Anon’s guide to “how the powers that be operate”

State expectation of recovery ->
Underestimate expected losses, overestimate expected gains->
Await report ->
Feign surprise when losses are higher than underestimation ->
Call bottom ->

state expectation of recovery ->
Underestimate expected losses, overestimate expected gains->
…

Keeping the sheep in a constant state of hope for the future helps the market grow and cushion losses. Half witted zombies like RE put great faith in “powerful people in Washingon” and buy depreciating assets or they keep their money in the market when things are bad.

The strategy works quite well as long as you have enough people with a lack of independant reasoning ability.

]]> By: Pralay http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35633 Pralay Wed, 07 Jan 2009 20:34:21 +0000 http://www.burbed.com/?p=2828#comment-35633 <i>ADP says the country lost 693,000 private sector jobs in December:</i> -------- Useless aggregate data. <a href="http://www.burbed.com/2008/04/24/12-million-for-house-in-extremely-poor-condition-dwelling-unlivable/#comment-16576" rel="nofollow">"There’s no recession, no layoffs, no downturn" in Silicon Valley</a>. ADP says the country lost 693,000 private sector jobs in December:
——–

Useless aggregate data. “There’s no recession, no layoffs, no downturn” in Silicon Valley.

]]> By: anon http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35632 anon Wed, 07 Jan 2009 20:29:03 +0000 http://www.burbed.com/?p=2828#comment-35632 Dear bobert east bay resident extrodinaire, Not a chance. Dear bobert east bay resident extrodinaire,

Not a chance.

]]> By: bob http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35631 bob Wed, 07 Jan 2009 20:25:39 +0000 http://www.burbed.com/?p=2828#comment-35631 ... Or it could go the other way, and instead of losing 693,000 jobs, the report could show that we really only lost 692,000 jobs... which would be "better than expected!" yipee!! … Or it could go the other way, and instead of losing 693,000 jobs, the report could show that we really only lost 692,000 jobs… which would be “better than expected!” yipee!!

]]> By: Pralay http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35629 Pralay Wed, 07 Jan 2009 20:24:55 +0000 http://www.burbed.com/?p=2828#comment-35629 <i>Intel 4th quarter sales fall 23%. NO RECESSION HERE!!!!</i> ----------- When 23% Q-sale falls, it not due to recession. It's due to their strategy. Don't you know that Silicon Valley is <a href="http://www.burbed.com/2008/10/11/burbeds-voter-guide-for-2008-california-propositions/#comment-28386" rel="nofollow">"nearly recession-proof area"</a> and there’s still a mandatory 5 minute line to get latte in the morning? Intel 4th quarter sales fall 23%.

NO RECESSION HERE!!!!
———–

When 23% Q-sale falls, it not due to recession. It’s due to their strategy. Don’t you know that Silicon Valley is “nearly recession-proof area” and there’s still a mandatory 5 minute line to get latte in the morning?

]]> By: Pralay http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35628 Pralay Wed, 07 Jan 2009 20:17:17 +0000 http://www.burbed.com/?p=2828#comment-35628 <i>You suggested a $5 deposit. </i> ------- :) Deposit? That's not deposit. It's $5 credibility for a half million equity guy. You suggested a $5 deposit.
——-

:) Deposit? That’s not deposit. It’s $5 credibility for a half million equity guy.

]]> By: anon http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35626 anon Wed, 07 Jan 2009 19:57:02 +0000 http://www.burbed.com/?p=2828#comment-35626 "The fact that the market is down as much as it is in “anticipation” of Friday’s jobs report( expected to be BAD) is a bit… foreboding." I'll tell you what bobert, despite people <b>expecting</b> it to be bad, it will be "worse than anticipated." “The fact that the market is down as much as it is in “anticipation” of Friday’s jobs report( expected to be BAD) is a bit… foreboding.”

I’ll tell you what bobert, despite people expecting it to be bad, it will be “worse than anticipated.”

]]> By: nomadic http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35624 nomadic Wed, 07 Jan 2009 19:42:39 +0000 http://www.burbed.com/?p=2828#comment-35624 Stupid link. Try this one: http://www.reuters.com/article/marketsNews/idUSWEN227520090107 Stupid link. Try this one:
http://www.reuters.com/article/marketsNews/idUSWEN227520090107

]]> By: nomadic http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35623 nomadic Wed, 07 Jan 2009 19:41:51 +0000 http://www.burbed.com/?p=2828#comment-35623 ADP says the country lost 693,000 private sector jobs in December: http://www.marketwatch.com/news/story/adp-data-show-693000-private-sector/story.aspx?guid={11A2598F-2D9D-48D2-A934-144BA5E1BB9C}&dist=msr_7 ADP says the country lost 693,000 private sector jobs in December:

http://www.marketwatch.com/news/story/adp-data-show-693000-private-sector/story.aspx?guid={11A2598F-2D9D-48D2-A934-144BA5E1BB9C}&dist=msr_7

]]> By: nomadic http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35622 nomadic Wed, 07 Jan 2009 19:39:53 +0000 http://www.burbed.com/?p=2828#comment-35622 DNFTT DNFTT

]]> By: bob http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35621 bob Wed, 07 Jan 2009 19:36:19 +0000 http://www.burbed.com/?p=2828#comment-35621 The fact that the market is down as much as it is in "anticipation" of Friday's jobs report( expected to be BAD) is a bit... foreboding. The fact that the market is down as much as it is in “anticipation” of Friday’s jobs report( expected to be BAD) is a bit… foreboding.

]]> By: bob http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35620 bob Wed, 07 Jan 2009 19:34:45 +0000 http://www.burbed.com/?p=2828#comment-35620 RE, I sold earthquake retrofiting equipment and tools as well as high end hardware and exotic lumber. I had to know my stuff or it could cost a homeowner/contractor thousands of dollars or worse- structural failure. So in being a "salesperson", I had to be accurate and knowledgeable. A RE agent just spews BS about how "wonderful" whatever they're selling happens to be. Big difference. Either way, this is a sort of a pointless argument since I haven't been a salesperson for more than 5 years. That was a different time period for me. Now I've moved on. But I have lots of respect for honest salespeople. RE,
I sold earthquake retrofiting equipment and tools as well as high end hardware and exotic lumber. I had to know my stuff or it could cost a homeowner/contractor thousands of dollars or worse- structural failure. So in being a “salesperson”, I had to be accurate and knowledgeable. A RE agent just spews BS about how “wonderful” whatever they’re selling happens to be. Big difference.

Either way, this is a sort of a pointless argument since I haven’t been a salesperson for more than 5 years. That was a different time period for me. Now I’ve moved on. But I have lots of respect for honest salespeople.

]]> By: anon http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35618 anon Wed, 07 Jan 2009 19:30:02 +0000 http://www.burbed.com/?p=2828#comment-35618 Oh. Right. I'm sure spring bounce will correct it. Or, am I mixing industries now? Oh. Right. I’m sure spring bounce will correct it.

Or, am I mixing industries now?

]]> By: nomadic http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35617 nomadic Wed, 07 Jan 2009 19:18:56 +0000 http://www.burbed.com/?p=2828#comment-35617 tsk, tsk, anon. That's normal inventory correction for the tech industry. Just takin' a breather before the next big rush! ;-) tsk, tsk, anon. That’s normal inventory correction for the tech industry. Just takin’ a breather before the next big rush!

;-)

]]> By: anon http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35616 anon Wed, 07 Jan 2009 19:07:57 +0000 http://www.burbed.com/?p=2828#comment-35616 NO RECESSION HERE!!!! LOL NO RECESSION HERE!!!!

LOL

]]> By: anon http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35615 anon Wed, 07 Jan 2009 19:07:40 +0000 http://www.burbed.com/?p=2828#comment-35615 Intel 4th quarter sales fall 23%. _WOW_ Intel 4th quarter sales fall 23%.

_WOW_

]]> By: DreamT http://www.burbed.com/2009/01/03/new-term-for-2009-rsf-real-san-francisco/#comment-35614 DreamT Wed, 07 Jan 2009 18:51:22 +0000 http://www.burbed.com/?p=2828#comment-35614 I can just see the snarl on RE's face right now. As he meekly acquiesces with his supervisor on the politically incorrect item of the day and blames some folks based in another country altogether for yet new delays, he is already plotting his next pseudo-elitist, arrogant post on burbed. Just picture his face for a second as he types "What time did you get up this morning to get to your job in Palo Alto?". Priceless! I can just see the snarl on RE’s face right now. As he meekly acquiesces with his supervisor on the politically incorrect item of the day and blames some folks based in another country altogether for yet new delays, he is already plotting his next pseudo-elitist, arrogant post on burbed. Just picture his face for a second as he types “What time did you get up this morning to get to your job in Palo Alto?”. Priceless!

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