- This topic has 20 replies, 11 voices, and was last updated 18 years, 4 months ago by
DaCounselor.
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July 19, 2007 at 4:51 PM #9545July 19, 2007 at 4:53 PM #66584
waiting hawk
ParticipantEasy one: Have fun paying more till it goes back up to the bank while I have the money to give to the kids during those years.
July 19, 2007 at 4:53 PM #66647ParticipantEasy one: Have fun paying more till it goes back up to the bank while I have the money to give to the kids during those years.
July 19, 2007 at 5:05 PM #66588gn
ParticipantTheir focus is always on "Well, I haven't lost anything yet because I haven't sold."
The funny thing is, when home prices were going up these people were saying:
"Since I bought my primary residence 3 years ago, I've made $300k."Â
Even though, they haven't sold. 🙂
July 19, 2007 at 5:05 PM #66651ParticipantTheir focus is always on "Well, I haven't lost anything yet because I haven't sold."
The funny thing is, when home prices were going up these people were saying:
"Since I bought my primary residence 3 years ago, I've made $300k."Â
Even though, they haven't sold. 🙂
July 19, 2007 at 5:37 PM #66598PD
ParticipantOne guy told me that his fast reducing gains were no big deal because it was just “funny money.”
July 19, 2007 at 5:37 PM #66662ParticipantOne guy told me that his fast reducing gains were no big deal because it was just “funny money.”
July 19, 2007 at 5:48 PM #66602beanmaestro
ParticipantGuys, guys, ease off on the gloating, and rearrange the priorities. I wake up smiling every morning because I’m snuggling with my lovely wife. I try to limit the “hey, this renting stuff is making me rich” to once or twice a month.
July 19, 2007 at 5:48 PM #66666ParticipantGuys, guys, ease off on the gloating, and rearrange the priorities. I wake up smiling every morning because I’m snuggling with my lovely wife. I try to limit the “hey, this renting stuff is making me rich” to once or twice a month.
July 19, 2007 at 11:49 PM #66638
CoronitaParticipantHow many times have you heard that lately from the same friends who chastised you several years ago when you sold and rented? I've got a dozen homeowning friends who have each seen their SD properties fall a hundred grand or more in equity.
So I'm curious. How many "years" since you sold have you rented and how much was your rent. If say, you sold 5-6 years ago, are you expecting the home price to fall below your purchase. Also, how much was rent during those years? Just curious.
July 19, 2007 at 11:49 PM #66702CoronitaParticipantHow many times have you heard that lately from the same friends who chastised you several years ago when you sold and rented? I've got a dozen homeowning friends who have each seen their SD properties fall a hundred grand or more in equity.
So I'm curious. How many "years" since you sold have you rented and how much was your rent. If say, you sold 5-6 years ago, are you expecting the home price to fall below your purchase. Also, how much was rent during those years? Just curious.
July 20, 2007 at 12:51 AM #66644temeculaguy
ParticipantVrundy, don’t think I’m defending the fringe element (however they do add some spice) but this website’s predictions have not become reality. The bubble has not popped. Maybe I read your post wrong but in my opinion we have just started as far as the dip of this cycle goes. Some areas have seen little to no drop and the hardest hit have seen 10-15%. There is 20-40% still to come and these boards are even more interesting as the examples start showing up. As the decline gains steam it may very well break as many rules as the incline did and that is what keeps me coming back for more. Not everyone is rooting for it but since we saw it coming it is interesting to watch but make no mistake this football game is still early in the first quarter and this place is a front row seat.
July 20, 2007 at 12:51 AM #66708ParticipantVrundy, don’t think I’m defending the fringe element (however they do add some spice) but this website’s predictions have not become reality. The bubble has not popped. Maybe I read your post wrong but in my opinion we have just started as far as the dip of this cycle goes. Some areas have seen little to no drop and the hardest hit have seen 10-15%. There is 20-40% still to come and these boards are even more interesting as the examples start showing up. As the decline gains steam it may very well break as many rules as the incline did and that is what keeps me coming back for more. Not everyone is rooting for it but since we saw it coming it is interesting to watch but make no mistake this football game is still early in the first quarter and this place is a front row seat.
July 20, 2007 at 6:49 AM #66654JWM in SD
ParticipantYou must mean those nasty trolls like scruffy dog or the more subversive ones like patientrenter right Vrundy???
July 20, 2007 at 6:49 AM #66717ParticipantYou must mean those nasty trolls like scruffy dog or the more subversive ones like patientrenter right Vrundy???
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