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[Anonymous]

[quote=an][quote=deadzone]Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
I’m confused, if you are not looking to buy, then why do you wish pain on people? That’s pretty evil. I thought at least the evilness stems from personal gain (ability and opportunity to finally buy a house). However, if it’s not for personal gain, then it’s just pure evil to enjoying seeing pain and cheerleading for the pain.[/quote]

Why do you believe rooting for lower housing prices is wishing pain on others? Do you not believe lower, more affordable housing is a good thing for society? I only wish pain on greedy investors and others who engaged in risky, leveraged behavior, the ones responsible for this current asset bubble. Clearly you are one of those investors so your definition of “pain on others” is quite biased.

[Anonymous]

[quote=an][quote=deadzone]Lower prices in general (housing, etc) will benefit the vast majority of people. The few remaining folks on piggington are all real estate investors of some degree so of course you are going to argue against the societal benefits of lower home prices. It is pointless to debate this with you people.[/quote]
Wrong, given this data: https://www.10news.com/news/local-news/report-shows-it-costs-more-to-rent-in-san-diego-than-in-los-angeles-042622?fbclid=IwAR1b1DAdNKwkEJH0Y7P1toQJ97Ndcnc_pS7pQeFNA18BUN_gYt9Qfk8_Pbg, I 10000000% welcome lower prices. I can make even more profit by buying even more houses and renting out at an even higher rent. Why would I object to more profit and more $? That doesn’t make any sense.

Also, the last time we saw a housing crash, it was the rich and investors who benefited the most. If you were trying to buy a house during the bottom of the last cycle, you would know.[/quote]

That’s funny because whenever I post about evidence pointing the coming crash, you and sdr and FLU get angry. Yet you (and SDR) then claim you welcome lower prices. You guys are either liars, or you have bi-polar disorder.

[an]

[quote=deadzone][quote=an][quote=deadzone]Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
I’m confused, if you are not looking to buy, then why do you wish pain on people? That’s pretty evil. I thought at least the evilness stems from personal gain (ability and opportunity to finally buy a house). However, if it’s not for personal gain, then it’s just pure evil to enjoying seeing pain and cheerleading for the pain.[/quote]

Why do you believe rooting for lower housing prices is wishing pain on others? Do you not believe lower, more affordable housing is a good thing for society? I only wish pain on greedy investors and others who engaged in risky, leveraged behavior, the ones responsible for this current asset bubble. Clearly you are one of those investors so your definition of “pain on others” is quite biased.[/quote]
History has proven you wrong. Housing crashes hurt A LOT more than just greedy investors. But whatever makes you sleep better at night.

As for me, I already said it many time, I hope you are right and I can buy a several more houses at 1/2 the price today and rent them out at current rent.

[Anonymous]

[quote=an][quote=deadzone][quote=an][quote=deadzone]Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
I’m confused, if you are not looking to buy, then why do you wish pain on people? That’s pretty evil. I thought at least the evilness stems from personal gain (ability and opportunity to finally buy a house). However, if it’s not for personal gain, then it’s just pure evil to enjoying seeing pain and cheerleading for the pain.[/quote]

Why do you believe rooting for lower housing prices is wishing pain on others? Do you not believe lower, more affordable housing is a good thing for society? I only wish pain on greedy investors and others who engaged in risky, leveraged behavior, the ones responsible for this current asset bubble. Clearly you are one of those investors so your definition of “pain on others” is quite biased.[/quote]
History has proven you wrong. Housing crashes hurt A LOT more than just greedy investors. But whatever makes you sleep better at night.

As for me, I already said it many time, I hope you are right and I can buy a several more houses at 1/2 the price today and rent them out at current rent.[/quote]

And you think the current situation is better? With raging inflation and housing unaffordable for the majority of Americans?

Just FYI, if housing prices correct 50%, you are obviously not going to rent them out at anywhere near current prices. But keep dreaming.

[Anonymous]

[quote=an][quote=deadzone][quote=an][quote=deadzone]Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
I’m confused, if you are not looking to buy, then why do you wish pain on people? That’s pretty evil. I thought at least the evilness stems from personal gain (ability and opportunity to finally buy a house). However, if it’s not for personal gain, then it’s just pure evil to enjoying seeing pain and cheerleading for the pain.[/quote]

Why do you believe rooting for lower housing prices is wishing pain on others? Do you not believe lower, more affordable housing is a good thing for society? I only wish pain on greedy investors and others who engaged in risky, leveraged behavior, the ones responsible for this current asset bubble. Clearly you are one of those investors so your definition of “pain on others” is quite biased.[/quote]
History has proven you wrong. Housing crashes hurt A LOT more than just greedy investors. But whatever makes you sleep better at night.

As for me, I already said it many time, I hope you are right and I can buy a several more houses at 1/2 the price today and rent them out at current rent.[/quote]

And you think the current situation is better? With raging inflation and housing unaffordable for the majority of Americans?

Just FYI, if housing prices correct 50%, you are obviously not going to rent them out at anywhere near current prices. But keep dreaming.

[an]

[quote=deadzone]
That’s funny because whenever I post about evidence pointing the coming crash, you and sdr and FLU get angry. Yet you (and SDR) then claim you welcome lower prices. You guys are either liars, or you have bi-polar disorder.[/quote]
Why would I be angry at a 2nd chance to experience another opportunity of a lifetime?

I regretted not buying more around 2008-2011. If I get a second chance to do it again, I would be ecstatic, not angry.

[sdrealtor]

[quote=deadzone][quote=an][quote=deadzone]Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
I’m confused, if you are not looking to buy, then why do you wish pain on people? That’s pretty evil. I thought at least the evilness stems from personal gain (ability and opportunity to finally buy a house). However, if it’s not for personal gain, then it’s just pure evil to enjoying seeing pain and cheerleading for the pain.[/quote]

Why do you believe rooting for lower housing prices is wishing pain on others? Do you not believe lower, more affordable housing is a good thing for society? I only wish pain on greedy investors and others who engaged in risky, leveraged behavior, the ones responsible for this current asset bubble. Clearly you are one of those investors so your definition of “pain on others” is quite biased.[/quote]

Yet another pathetic lie! I am neither a greedy investor nor engaged in risky behavior and I actively discoiuraged risky behavior but you wished pain on me. Where is the love?

[an]

[quote=deadzone]And you think the current situation is better? With raging inflation and housing unaffordable for the majority of Americans?

Just FYI, if housing prices correct 50%, you are obviously not going to rent them out at anywhere near current prices. But keep dreaming.[/quote]
If rent didn’t fall during the great recession, what makes you think this time would be different? Unless you predict we’ll experience a second great depression instead?

History…

[sdrealtor]

[quote=deadzone][quote=an][quote=deadzone]Lower prices in general (housing, etc) will benefit the vast majority of people. The few remaining folks on piggington are all real estate investors of some degree so of course you are going to argue against the societal benefits of lower home prices. It is pointless to debate this with you people.[/quote]
Wrong, given this data: https://www.10news.com/news/local-news/report-shows-it-costs-more-to-rent-in-san-diego-than-in-los-angeles-042622?fbclid=IwAR1b1DAdNKwkEJH0Y7P1toQJ97Ndcnc_pS7pQeFNA18BUN_gYt9Qfk8_Pbg, I 10000000% welcome lower prices. I can make even more profit by buying even more houses and renting out at an even higher rent. Why would I object to more profit and more $? That doesn’t make any sense.

Also, the last time we saw a housing crash, it was the rich and investors who benefited the most. If you were trying to buy a house during the bottom of the last cycle, you would know.[/quote]

That’s funny because whenever I post about evidence pointing the coming crash, you and sdr and FLU get angry. Yet you (and SDR) then claim you welcome lower prices. You guys are either liars, or you have bi-polar disorder.[/quote]

We are neither as we dont care. Whatever happens we are positioned to benefit and ride out any potential storms. That is what smart, thoughtful people do. Permabear says what?

[sdrealtor]

[quote=deadzone]Lower prices in general (housing, etc) will benefit the vast majority of people. The few remaining folks on piggington are all real estate investors of some degree so of course you are going to argue against the societal benefits of lower home prices. It is pointless to debate this with you people.[/quote]

What is pointless is to debate with an idiot who doesnt understand basic satistics. The homeownership rate varies from mid 50 to mid 70 percent across the country. This is the vast majority by definition and you fall in the minority in this country and the overwhelming minority here as in the only one

[sdrealtor]

The funniest part is DZ was the greediest one here! When home prices crashed he was elated at the pain others were feeling. But it wasnt enough and he wanted them to experience more. He wasnt content to buy his family a nice safe, secure place to live in at 30 to 50% off the peak. No! He wanted more pain for those irresponsible overleveraged homebuyers and investors. The homeownership rate in this country is nearly 70%! That is the vast majority of people.

Does this sound like a thoughtful person concerned about the great good for society to you? NO! It sounds like a bitter, jealous, selfish fool who missed out on the opportunity of lifetime!

[Coronita]

That said, UCSD and SDSU student body is ever increasing, and now that we’re back into in person schooling, like I said, students cant live remotely at their parent’s house anymore, so they’ll need a place to stay..which unfortunately, it seems like there right is a shortage of student housing. And it doesn’t seem like this will be addressed any time soon…

UCSD Students face Housing Crisis as Enrollment Rises

Now, UCSD is trying to add 3310 dorms, but that doesn’t appear to be completing until 2024…

https://collegenews.org/uc-san-diego-planning-to-add-3310-dorm-beds-to-prevent-housing-shortage/

[quote]
Currently, there are 43,000 students enrolled at the university, increasing by more than 14,000 students over the previous decade. Another increase in enrollment has been projected to occur this fall.
[/quote]

https://www.pacificsandiego.com/latest/story/2021-07-18/housing-shortage-uc-san-diego
“Got a spare apartment? Thousands of UC San Diego students need a place to live”

https://calmatters.org/education/higher-education/college-beat-higher-education/2021/11/uc-housing-crisis-students-hotels/
“What’s it like to study from a hotel? As UC housing crunch worsens, these students are finding out”

Real facts,dz dude. Great time to own in UTC!!!! Personally, if I were an adult with a job, I’d stay away from the UTC and surrounding area since it doesn’t appear the housing crunch will subside from university demand alone.

No surprise there are companies trying to rent out SFH in 92130 and then trying to rent out each room to UCSD students. I have this one dick that tried to pretend their son was going to be a freshman at UCSD and their family wanted to rent out a 5/3 in 92130. I was like what for, you are live in irvine why would you need to rent out a 5/3 for your kid. It turns the dick wasn’t really renting for his kid. He was trying to secure a 5/3 house where then he could sublet the home to 5 college students at UCSD for much more than I was asking for the entire house.I told the dick that if I wanted to do that, I would cut him out as the middle man and instead of renting a SFH at $5000/month, charge $1500/month per room myself and pocket $7500/month if I was that greedy….lol. Nice try…A friend of a friend over by Sage Canyon with a 6 bedroom house converted his garage to a 7th room, and did that and rents out 6 rooms to UCSD students, and lives out of his master bedroom… to the ire of his neigbhors. lol. The students basically pay for his mortgage and has plenty of cash left over per month. I mean, I wouldn’t want to share my house with 6 college students but, then again, $9000/month probably is worth contemplating… Hi justification is “bring some of that foreign money back to the U.S.” lol…

[Coronita]

[quote=deadzone]
That’s funny because whenever I post about evidence pointing the coming crash, you and sdr and FLU get angry. Yet you (and SDR) then claim you welcome lower prices. You guys are either liars, or you have bi-polar disorder.[/quote]

Fake news dz.
I’m definitely not getting angry. I doubt AN or SDR is too. But if I recall you did drop a few f-bombs in reaction to some of the posts and in reaction to G.O.A.L.. lol

I think your posts are entertaining and think you’ll be disappointed by trying to catch the bottom again because nothing you’ve done over the past 20+years where there were bottoms suggests you would be able to catch the next one if it does happen. because i don’t think you are nearly as good as you think you are in catching opportunity. I also think it’s entertaining you’re desperately trying to find validation of your opinions, while personally I don’t care if I’m right or wrong. Nor am I really trying to predict how things shake out…

I do appreciate your concern if the economy goes south, that you are concerned I will suffer, but I assure you that I’ll be fine so no need to worry about me (and if you’re itching to see the three of us get screwed, again, sorry that you’ll be disappointed too…).

Higher interest rates and lower prices probably would be beneficial for me. There were many bottom tier homes I couldn’t get despite throwing all cash offer, 10 day all contingencies removed, 15 day close of escrow because there were so many people taking out a 30 year mortgage that were willing to pay a lot more…and the seller didn’t care if escrow was much longer because they figure if it fell out of escrow there’s like 10+ other buyers lined up.

With higher interest rates, the same monthly payments might limit people looking to buy at the bottom tier where I like to play. They still need a mortgage buy and the terms that they can offer may appear less favorable. In this case, cash offers might be worth a lot more when rates move up, and that definitely is good news for me. Also, my cash offers won’t be impacted if I am working or not, since I won’t need to qualify for a mortgage. And if we have high unemployment, that will take out a lot of competition from buying too who are still dependent on a wage income. This might not be as concern in higher tier homes where the average buyer are considerably higher net worth individuals, but I don’t plan on spending $1million+ on a rental property, i tend to compete in the markets where there’s a lot more first time home buyers just starting out 🙂

Not that I wish for that to happen, but if it does, there’s definitely opportunity there for me.

[Coronita]

PInterest topped revenue forecasts.

Facebook up 15% after earnings.

Ford also did well, though not a tech company.

Paypal cuts earnings outlook but user base growth is alright. Up 6%

Qualcomm crushes estimates, up 5% on earnings

I’d say the health of the economy is greatly underestimated.

[Coronita]

Tim Apple Crushes Earnings
https://finance.yahoo.com/news/apple-to-report-q-2-earnings-amid-continuing-supply-chain-disruptions-203357903.html

Is Apple a tech stock???

Intel beat on earnings, gets crushed on outlook.

Amazon is just amazon, lol.

[Author]

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