An incident happened at the party

[hipmatt]

I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.

One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.

It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.

Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.

Sorry if I offended one of the few “good” brokers.

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

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