CA renter wrote:spdrun

[sdrealtor]

[quote=CA renter][quote=spdrun]If you’re STUPID, you don’t have good luck.

People who mortgaged their firstborn to buy a house that it would be 50% cheaper to rent at the height of the bubble with no cash down, were STUPID. G-d helps those who help themselves.

I have no problem with wealth redistribution. But I also have no sympathy for the people who bought in the mid-2000s, because they should have thought for 2 seconds before following the lemmings off the cliff.

Lastly, if one bought with little to no cash down, they never really owned the property. More like leasing it from the bank. Leases are revocable.[/quote]

Sometimes, it’s fun to beat a dead horse.

Bravo on your post![/quote]

I agree it can be fun to beat a dead horse and there is no horse deader than yours.

Shambling Towards Affordability

You called for 45%+ declines in prime NCC areas.

I said 30% would be worst case scenario and beleived the number would be about 20 to 25%.

Surprise surprise! 5 years later we bottomed out at a 20 to 25% decline and are starting to head back up albeit slowly. CV didnt even get that low.

Giddyap Dead Horsey!