An incident happened at the party

[barnaby33]

Ah Nancy Reagan, where are you now! Just say no! To the wifes nesting instinct forcing you to make a bad financial decision, a really bad one.

Josh

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[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.

[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.

[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.

[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.

[Author]

Posts