[quote=Rt.66]Russell I said opinions were motivated by having
“skin in the game”
OR, or, or
“stood to make a commission”.
You said:
I was responding to that statement.
People who bought last spring likely lost the “fingers” they had “on the pulse”. [/quote]
I had neither skin in the game nor did I stand to make a commission.
“we were suggesting last spring that a potentially good entry point was nearing”
Doesn’t seem to say rush out an get you fingers cut off?In the context of price declines and years since peak, I don’t think it was too early to responsibly air this stuff out.
See what I am saying? Then I explained the rest to you so now you know.
If you are referring to my skin in the game in Jamul, I bought/built this “move-up” property in 2004 and on, paying it off by selling my other place in 2005 took out some money and now I have two houses(when I get around to finishing building the other one).
While I understand that suspicion wrt “skin in the game” and agree that it should be taken into consideration, my skin is feeling nice.And if it were the “skin in the game” driving me to be insanely bullish. I think I would have started being rabidly so a long time before last spring,since I have owned properties consistently since 1992. Also, I would not select modest and low priced segments of Temecula, of all places, to show my “bias”.It is just not workable for me.
Have you fully considered your own potential bias?Do you NEED prices to fall further in a drastic way for some reason? This is kind of the reverse of skin in the game and I have seen it more than a few times.I am not accusing you, just asking.
