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  • July 9, 2008 at 9:37 AM #13231
    evolusd
    Participant

    I have a friend who paid close to $600k for a 4/3 track home in Murrieta (definitely overpaid). The market crashed immediately after and now a larger 5/3 is listed in the same neighborhood for $385k and has no takers.

    They are so delusional…they said they feel fine because they are ‘long-term’ and it will be back to what they paid in 5 years. That’s insanity…I can’t believe there are people out there that are still drinking the real estate kool-aid after all the blood that has been shed.

    July 9, 2008 at 11:36 AM #236025
    Ren
    Participant

    I’m sure they’re just trying to put on a good front. Deep down they are probably sick over it.

    What they don’t know, and what you shouldn’t bother explaining (why cause them more pain?) is that taking into account inflation and the value of the dollar, it will likely never reach that “value” again. Ever. It might see the number $600k again in 20 years (5 is laughable), but again that will be far from today’s dollars.

    And if they really do like living there and can afford it, who cares?

    July 9, 2008 at 11:36 AM #236220
    Ren
    Participant

    I’m sure they’re just trying to put on a good front. Deep down they are probably sick over it.

    What they don’t know, and what you shouldn’t bother explaining (why cause them more pain?) is that taking into account inflation and the value of the dollar, it will likely never reach that “value” again. Ever. It might see the number $600k again in 20 years (5 is laughable), but again that will be far from today’s dollars.

    And if they really do like living there and can afford it, who cares?

    July 9, 2008 at 11:36 AM #236208
    Ren
    Participant

    I’m sure they’re just trying to put on a good front. Deep down they are probably sick over it.

    What they don’t know, and what you shouldn’t bother explaining (why cause them more pain?) is that taking into account inflation and the value of the dollar, it will likely never reach that “value” again. Ever. It might see the number $600k again in 20 years (5 is laughable), but again that will be far from today’s dollars.

    And if they really do like living there and can afford it, who cares?

    July 9, 2008 at 11:36 AM #236163
    Ren
    Participant

    I’m sure they’re just trying to put on a good front. Deep down they are probably sick over it.

    What they don’t know, and what you shouldn’t bother explaining (why cause them more pain?) is that taking into account inflation and the value of the dollar, it will likely never reach that “value” again. Ever. It might see the number $600k again in 20 years (5 is laughable), but again that will be far from today’s dollars.

    And if they really do like living there and can afford it, who cares?

    July 9, 2008 at 11:36 AM #236151
    Ren
    Participant

    I’m sure they’re just trying to put on a good front. Deep down they are probably sick over it.

    What they don’t know, and what you shouldn’t bother explaining (why cause them more pain?) is that taking into account inflation and the value of the dollar, it will likely never reach that “value” again. Ever. It might see the number $600k again in 20 years (5 is laughable), but again that will be far from today’s dollars.

    And if they really do like living there and can afford it, who cares?

    July 9, 2008 at 11:38 AM #236020
    gdcox
    Participant

    Why should they worry if they can afford the payments. If so, crying over past mis-timed buying decisions is just the road to the madhouse. Hopefully they won’t have one of the more insenstive Piggs crowing at them when they buy next door for a song in a few years time and try to rub your friend’s nose in it. .

    July 9, 2008 at 11:38 AM #236214
    gdcox
    Participant

    Why should they worry if they can afford the payments. If so, crying over past mis-timed buying decisions is just the road to the madhouse. Hopefully they won’t have one of the more insenstive Piggs crowing at them when they buy next door for a song in a few years time and try to rub your friend’s nose in it. .

    July 9, 2008 at 11:38 AM #236203
    gdcox
    Participant

    Why should they worry if they can afford the payments. If so, crying over past mis-timed buying decisions is just the road to the madhouse. Hopefully they won’t have one of the more insenstive Piggs crowing at them when they buy next door for a song in a few years time and try to rub your friend’s nose in it. .

    July 9, 2008 at 11:38 AM #236146
    gdcox
    Participant

    Why should they worry if they can afford the payments. If so, crying over past mis-timed buying decisions is just the road to the madhouse. Hopefully they won’t have one of the more insenstive Piggs crowing at them when they buy next door for a song in a few years time and try to rub your friend’s nose in it. .

    July 9, 2008 at 11:38 AM #236158
    gdcox
    Participant

    Why should they worry if they can afford the payments. If so, crying over past mis-timed buying decisions is just the road to the madhouse. Hopefully they won’t have one of the more insenstive Piggs crowing at them when they buy next door for a song in a few years time and try to rub your friend’s nose in it. .

    July 9, 2008 at 1:25 PM #236305
    Anonymous
    Guest

    Your friend is trying to justify his stupid decision. That way he doesn’t have to admit to himself that he was an idiot.

    July 9, 2008 at 1:25 PM #236110
    Anonymous
    Guest

    Your friend is trying to justify his stupid decision. That way he doesn’t have to admit to himself that he was an idiot.

    July 9, 2008 at 1:25 PM #236237
    Anonymous
    Guest

    Your friend is trying to justify his stupid decision. That way he doesn’t have to admit to himself that he was an idiot.

    July 9, 2008 at 1:25 PM #236246
    Anonymous
    Guest

    Your friend is trying to justify his stupid decision. That way he doesn’t have to admit to himself that he was an idiot.

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