The rest of the discussion in this thread is an opportunity for Piggingtonians to argue over the opportunities and morality of your type of situation. Don’t take it personally.
Not really just that, Patient,instead of teaching him a moral lesson maybe we can teach him not to make stupid, cash draining RE purchases so his life can improve.If he comes here and blames it on everybody else, rub his nose in it a little. That doesn’t seem so out of place. If what he is saying is true, he made one of the absolutely worst purchases in San Diego in 2003. Lots of people did better with that. He shot for a semi-luxury apartment. When he had 150k he could have bought something quite suitable and cheaper and been on easy street. Also he hints that he had a bad time in 90-97. The guy needs to get smarter. He is a menace to society ;).
Marion: Short of a real catastrophe there is no reason RE prices would go back to the low point of trough of the last cycle. Not saying it isn’t coming or that it is, but claiming with such certainty that we will hit 96 prices requires some explanation IMO.
