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October 14, 2007 at 1:43 AM #88905October 14, 2007 at 7:54 AM #88906eccen in escParticipant
eccen in esc
beachlover, we are not really pigs, but humans with human nature. Have you ever gossiped about someone behind their back or swore at another driver who couldn’t hear you? It’s like that – just all in good fun. There are some harsh posters and some really helpful posters and some harsh/helpful posters. It would be boring if everyone was nice. None of us like to see someone lose a home but their point is most of them did not do diligent/responsible financial planning. And we all want to see housing prices come down. It’s that simple.October 14, 2007 at 7:54 AM #88912eccen in escParticipanteccen in esc
beachlover, we are not really pigs, but humans with human nature. Have you ever gossiped about someone behind their back or swore at another driver who couldn’t hear you? It’s like that – just all in good fun. There are some harsh posters and some really helpful posters and some harsh/helpful posters. It would be boring if everyone was nice. None of us like to see someone lose a home but their point is most of them did not do diligent/responsible financial planning. And we all want to see housing prices come down. It’s that simple.October 14, 2007 at 9:19 AM #88925lendingbubblecontinuesParticipantbeachlover-
bullshit. you are not caught up in a bad financial market as you say…you must be one of those fools who isn’t going to “give it away” and is stubbornly asking TOO MUCH MONEY FOR YOUR DAMN HOUSE. this is a GREAT market for you if you simply price your house right (it will sell in a heartbeat) and then go drive a HARD bargain on some poor fool’s house that meets your move-up criteria.
So stop with the touchy-feely shit…let the schadenfreude be your best friend here.
October 14, 2007 at 9:19 AM #88919lendingbubblecontinuesParticipantbeachlover-
bullshit. you are not caught up in a bad financial market as you say…you must be one of those fools who isn’t going to “give it away” and is stubbornly asking TOO MUCH MONEY FOR YOUR DAMN HOUSE. this is a GREAT market for you if you simply price your house right (it will sell in a heartbeat) and then go drive a HARD bargain on some poor fool’s house that meets your move-up criteria.
So stop with the touchy-feely shit…let the schadenfreude be your best friend here.
October 14, 2007 at 9:23 AM #88927NavydocParticipantI’m going to try to take the TG route and try to be nice, while still trying to explain why we feel the way we do. Let me ask you a question, did the couples you describe continually gloat about how much money they were making, and how if you’re not in on the game now, you’ll never get in? I know many people like this, and they would continually try to get me to “invest” in the market, one even trying to get me to buy one of their own properties! (They’re having some trouble unloading it now) I resisted, as the only finacing I would consider was 20% down and a fixed rate mortgage. The only problem was I was in the top 5% income bracket, and could only afford the median home! That simply insn’t fair, and doesn’t sit with the fundamentals. I understand that some people are going to learn a painful lesson from this, and I don’t really like to see people suffer but I can’t truly feel sorry for them if they chose to believe that the fundamental nature of the real estate market had changed. I bet they won’t forget it now though. And in order for me to enter the market at the level I desire and should be able to afford, I NEED a correction to take place.
Oh, and I agree, JWM can come off as a little insensitive, but the content of his posts tend to be quite accurate. I’ve learned a great deal from him over the months. Stay with us, you’ll come to understand us a little better in time.
October 14, 2007 at 9:23 AM #88921NavydocParticipantI’m going to try to take the TG route and try to be nice, while still trying to explain why we feel the way we do. Let me ask you a question, did the couples you describe continually gloat about how much money they were making, and how if you’re not in on the game now, you’ll never get in? I know many people like this, and they would continually try to get me to “invest” in the market, one even trying to get me to buy one of their own properties! (They’re having some trouble unloading it now) I resisted, as the only finacing I would consider was 20% down and a fixed rate mortgage. The only problem was I was in the top 5% income bracket, and could only afford the median home! That simply insn’t fair, and doesn’t sit with the fundamentals. I understand that some people are going to learn a painful lesson from this, and I don’t really like to see people suffer but I can’t truly feel sorry for them if they chose to believe that the fundamental nature of the real estate market had changed. I bet they won’t forget it now though. And in order for me to enter the market at the level I desire and should be able to afford, I NEED a correction to take place.
Oh, and I agree, JWM can come off as a little insensitive, but the content of his posts tend to be quite accurate. I’ve learned a great deal from him over the months. Stay with us, you’ll come to understand us a little better in time.
October 14, 2007 at 9:44 AM #88928Ex-SDParticipantNavydoc, you hit the bullseye right in the middle with your post. I attended many a social gathering where people would constantly talk about all the money they were making from their constantly appreciating home. I would always tell them that what goes up will most likely come down but they didn’t want to hear it. Well, now it’s a different story and what goes around………..eventually comes back around to bite you in the ass.
October 14, 2007 at 9:44 AM #88934Ex-SDParticipantNavydoc, you hit the bullseye right in the middle with your post. I attended many a social gathering where people would constantly talk about all the money they were making from their constantly appreciating home. I would always tell them that what goes up will most likely come down but they didn’t want to hear it. Well, now it’s a different story and what goes around………..eventually comes back around to bite you in the ass.
October 14, 2007 at 10:21 AM #88941temeculaguyParticipantEx-SD, now that I am all the rage at parties with my reverse flipper wisdom, if the market turns and doubles by the end of the year will people make a website and point out the folly of my thinking. God I hope not. Whether I’m right or wrong I don’t care, I’m working this at parties, respected by men, desired by women, I’m a rock star.
October 14, 2007 at 10:21 AM #88948temeculaguyParticipantEx-SD, now that I am all the rage at parties with my reverse flipper wisdom, if the market turns and doubles by the end of the year will people make a website and point out the folly of my thinking. God I hope not. Whether I’m right or wrong I don’t care, I’m working this at parties, respected by men, desired by women, I’m a rock star.
October 14, 2007 at 10:34 AM #88945salo_tParticipantIts interesting that this topic just came up because I was sitting around thinking about the same thing recently.
As glad as I am to finally see the market start to correct I
keep thinking about all the family’s that are pretty much going through hell as they go through foreclosure.Seeing all this makes me happy that I stuck to my principles and fundamentals and stayed the hell out of this market.
Its not our fault that money was being given away and people were allowed to make one bad decision after another buying up these over priced homes.
Most home buyers were so entrenched in the philosophy that you have to buy now that even trying to mentioning that the market was about to change would bring heckling from the new genius home investors.
This whole real estate mess is just another great example of the importance of being an informed buyer. Those who were informed made lots of money and those that weren’t lost everything. I don’t know how many people I told to wait and not buy but they did anyway and are in a huge financial mess. Should I still feel bad for them?October 14, 2007 at 10:34 AM #88951salo_tParticipantIts interesting that this topic just came up because I was sitting around thinking about the same thing recently.
As glad as I am to finally see the market start to correct I
keep thinking about all the family’s that are pretty much going through hell as they go through foreclosure.Seeing all this makes me happy that I stuck to my principles and fundamentals and stayed the hell out of this market.
Its not our fault that money was being given away and people were allowed to make one bad decision after another buying up these over priced homes.
Most home buyers were so entrenched in the philosophy that you have to buy now that even trying to mentioning that the market was about to change would bring heckling from the new genius home investors.
This whole real estate mess is just another great example of the importance of being an informed buyer. Those who were informed made lots of money and those that weren’t lost everything. I don’t know how many people I told to wait and not buy but they did anyway and are in a huge financial mess. Should I still feel bad for them?October 14, 2007 at 11:02 AM #88947NotCrankyParticipantStanding on the sidelines and cheering other peoples downfall is …. well… fill in your blank.
I think this will fill in about half of the blank …the other half ? I guess there are as many reasons as there are piggs.
October 14, 2007 at 11:02 AM #88954NotCrankyParticipantStanding on the sidelines and cheering other peoples downfall is …. well… fill in your blank.
I think this will fill in about half of the blank …the other half ? I guess there are as many reasons as there are piggs.
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