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  • March 1, 2009 at 5:51 PM #358505
    nostradamus
    Participant

    In the bubble run-up the banks were kind enough with easy credit to anyone. Now we have a large number of people– who are qualified by today’s stricter loan and financial standards– being kind to banks in return: these people are willing to go into decades of debt in order to purchase an immediately depreciating asset. Many have decried the bail-outs of banks; yet while the fed battles on the front line these people attack from the rear, armed with checkbooks! I hope it works out well for them and they don’t in turn need bail-outs. I also hope it works out well for the banks. The thing that scares me is, regardless of how qualified you are financially, when your asset is worth X and you owe XY (where Y > 1) as Y increases there will come a point when any sane person would walk away, perhaps to buy a bigger, cheaper house next door. Even today’s strict loan guidelines cannot prevent that.

    Owners: maybe this is our last-chance rally! Should we sell? Hmmmmm…

    March 1, 2009 at 5:53 PM #357936
    jpinpb
    Participant

    If you don’t/can’t sell, take out the biggest HELOC you can, then walk. The American way. GAAA!

    March 1, 2009 at 5:53 PM #358237
    jpinpb
    Participant

    If you don’t/can’t sell, take out the biggest HELOC you can, then walk. The American way. GAAA!

    March 1, 2009 at 5:53 PM #358378
    jpinpb
    Participant

    If you don’t/can’t sell, take out the biggest HELOC you can, then walk. The American way. GAAA!

    March 1, 2009 at 5:53 PM #358411
    jpinpb
    Participant

    If you don’t/can’t sell, take out the biggest HELOC you can, then walk. The American way. GAAA!

    March 1, 2009 at 5:53 PM #358515
    jpinpb
    Participant

    If you don’t/can’t sell, take out the biggest HELOC you can, then walk. The American way. GAAA!

    March 1, 2009 at 5:58 PM #357945
    urbanrealtor
    Participant

    SD good post.

    However, it is all a lie.

    SD actually attacked me at Callahans and beat me over the head with a pint glass.

    The whole time he just kept screaming BUY NOW! at me.

    It was terrible.

    My gorilla suit will never recover.

    Honestly, this is one of the most lucid posts regarding price and strategy that I have seen on most any blog lately.

    Well put Adam (especially for a HELPUSELL type). 😉

    Seriously good points.

    March 1, 2009 at 5:58 PM #358247
    urbanrealtor
    Participant

    SD good post.

    However, it is all a lie.

    SD actually attacked me at Callahans and beat me over the head with a pint glass.

    The whole time he just kept screaming BUY NOW! at me.

    It was terrible.

    My gorilla suit will never recover.

    Honestly, this is one of the most lucid posts regarding price and strategy that I have seen on most any blog lately.

    Well put Adam (especially for a HELPUSELL type). 😉

    Seriously good points.

    March 1, 2009 at 5:58 PM #358388
    urbanrealtor
    Participant

    SD good post.

    However, it is all a lie.

    SD actually attacked me at Callahans and beat me over the head with a pint glass.

    The whole time he just kept screaming BUY NOW! at me.

    It was terrible.

    My gorilla suit will never recover.

    Honestly, this is one of the most lucid posts regarding price and strategy that I have seen on most any blog lately.

    Well put Adam (especially for a HELPUSELL type). 😉

    Seriously good points.

    March 1, 2009 at 5:58 PM #358421
    urbanrealtor
    Participant

    SD good post.

    However, it is all a lie.

    SD actually attacked me at Callahans and beat me over the head with a pint glass.

    The whole time he just kept screaming BUY NOW! at me.

    It was terrible.

    My gorilla suit will never recover.

    Honestly, this is one of the most lucid posts regarding price and strategy that I have seen on most any blog lately.

    Well put Adam (especially for a HELPUSELL type). 😉

    Seriously good points.

    March 1, 2009 at 5:58 PM #358525
    urbanrealtor
    Participant

    SD good post.

    However, it is all a lie.

    SD actually attacked me at Callahans and beat me over the head with a pint glass.

    The whole time he just kept screaming BUY NOW! at me.

    It was terrible.

    My gorilla suit will never recover.

    Honestly, this is one of the most lucid posts regarding price and strategy that I have seen on most any blog lately.

    Well put Adam (especially for a HELPUSELL type). 😉

    Seriously good points.

    March 1, 2009 at 5:58 PM #357950
    urbanrealtor
    Participant

    Of course my memory could be colored because my pint glass was filled with Powers Whiskey.

    March 1, 2009 at 5:58 PM #358252
    urbanrealtor
    Participant

    Of course my memory could be colored because my pint glass was filled with Powers Whiskey.

    March 1, 2009 at 5:58 PM #358393
    urbanrealtor
    Participant

    Of course my memory could be colored because my pint glass was filled with Powers Whiskey.

    March 1, 2009 at 5:58 PM #358426
    urbanrealtor
    Participant

    Of course my memory could be colored because my pint glass was filled with Powers Whiskey.

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