[quote=sdrealtor]100% of what you write is opinions but not necessarily your statemetns. While you bring links those links lead to someone else’s opinions. Usually very one sided opinions that support your beleifs. People around here are smarter than you give them credit for. They take everything in, as they should and try to make good decisions. Isnt that how it is supposed to be?[/quote]
Let’s look at the quality of sources between myself and the realtor. Will take our recent posts opining with a source.
I said this:
The numbers reported every month are depression numbers. I hear forclosures won’t even peak until 2011. My source for such dire news? Some guy I recognized at a bar said his friend knows someone who we should trust.
My source is the Mortgage Bankers Association. Someone who stands to gain nothing from telling the truth especially when it makes them look bad. Might I bring attention to the credibility of the source?
I would call my statement based on facts.
The Realtor posted this:
I bumped into an old client who tried but failed to sell his house a couple years ago because he couldnt get what he wanted/needed. He had an extended period of unemployment and refi’d into a neg am Option ARM just under 600K about a year before he tried to sell. He neg am’d up to around 700K and it recast. He couldnt afford the payments so he stopped paying. He approached the bank for a loan mod and went back and forth for about a year. He owed almost 700K plus another $50K in missed payments. He was willing and ready to walk if the bank foreclosed. Out of nowhere he got contacted by the bank with an offer. New loan for about $490K and a sub 5% 30 yr fixed rate. Thats a principle reduction of about $200K plus forgiving a years worth of interest payments.
Oops there goes another shadow inventory house, oops there goes another…….
His source? An anonymous dude at a Pizza place sans documentation or any possibility of ever being confirmed.
Now let’s consider his source for a minute. Most people have at least some dignity and pride and most people do not willfully go about making themselves out to be chumps. So is it safe to say that probably Mr. anonymous Pizza place guy might be holding back a few details that might make him look a bit less the winner in this scenario. No shit huh?
Just another in a long line of impossible to document BS, just like your post at the top of this page….no supporting link, article, person, anything.
If you are not trying to woo customers then why are you trying so hard to convince us that the shadow is not going to be a big deal with statements like this:
“Oops there goes another shadow inventory house, oops there goes another…….”
