“You truly area glutton for punishment. First you ignore the point which is that the sellers in that hood still had time to hold out for a higher price than OCR claimed they could get. He made that claim for 18 months and several weeks ago someone else was able to sell that model in the 500’s.”
No dimwit, he identified a trend and predicted a point on it.
“Understanding the timing of things allows you to know when to say no to an offer and when to say yes. Timing is always important and makes the difference between matching the market and beating the market (whatever it may be at a given time). Case closed on that one.”
Your logic only works for those who are in the buying mindset and willing to justify in the face of a declining market that will last several more years. You a fool and you are doing your clients a disservice.
I dare you to direct your clients to this site and to OcRenters site as well.
“Regarding the client that bought in 2005 who isnt underwater. There is one regular poster on this board that I have communicated personally with. You all know him well. I have already emailed him the comps to prove it. If I havent proven it to him, I will encourage him to label me a fraud. If that doesnt satisfy you, I can have let Rich know I proved it to him (as it was Rich who helped put us together). I would prefer not to bother Rich though with something as petty as this.”
Define “underwater”. If you mean that their loan to value ratio is less than .80 then my question is how much of their downpayment is still in tact as this point. Oh, and if you try to tell me that the comps don’t show any erosion in value relative to 2005 then I really know you are full of shit.
“I’ve had 30+ years of digging out of snow myself. I also visit the desert 3 to 5 times a year and love the desert a few days at a time that is. Given the choice between full time imprisonment in a furnace with limited culture, no pro sports, etc. and icy cold winters with a real city nearby and pro sports I’d take the later every time. BTW, with gas around $5/gallon those quick jaunts down to the beach every weekend will cost you at least $50 a pop.”
I see you glossed right over the reason for the move to that area. It wasn’t by choice. YOu live in a Navy Town you f*cktard. Do you not have any understanding of what it is like to be in a military family?
