For all you prudent renters

[SD Realtor]

I tell myself not to respond to these sorts of posts but I cannot help it.

I think you are missing the point.

Some of us such as myself are concerned that the recent bailouts as well as the future bailouts, lender workouts, as well as possible roll over and belly up behavior of the investors may indeed have a small effect on the depreciation cycle by reducing possible inventory.

That point of view differs between posters.

The ire about the entire situation is simple. Consumers are being rewarded for irresponsible consumption and lenders are being saved for poor if not vaporlike underwriting standards at time of origination. Furthermore not a penny of taxpayer money should be applied to ANY of this.

Do you think any of your taxpayer money should be used to either provide life support for a lender, or to subsidize an investor, or to assist in the workout of some chump making 40k a year living beyond his means?

It is not happening at the moment but is there a possibility it could happen?

SD Realtor

[NeetaT]

I don’t care that I missed out on a bubble opportunity. Well, maybe just a little. I think what really gets to me is that I have a feeling that there was and are people getting rich by skimming off the top of all the extra property tax revenue coming in. I know just by looking around and hearing complaints about the school system that the money is not being used properly. I ask , what are they doing with all that tax money other than lining their own pockets by skimming and huge pay raises, IE. the tax assessor. I may be the only one with this opinion, but it appears salient to me.

[NeetaT]

I don’t care that I missed out on a bubble opportunity. Well, maybe just a little. I think what really gets to me is that I have a feeling that there was and are people getting rich by skimming off the top of all the extra property tax revenue coming in. I know just by looking around and hearing complaints about the school system that the money is not being used properly. I ask , what are they doing with all that tax money other than lining their own pockets by skimming and huge pay raises, IE. the tax assessor. I may be the only one with this opinion, but it appears salient to me.

[NeetaT]

I don’t care that I missed out on a bubble opportunity. Well, maybe just a little. I think what really gets to me is that I have a feeling that there was and are people getting rich by skimming off the top of all the extra property tax revenue coming in. I know just by looking around and hearing complaints about the school system that the money is not being used properly. I ask , what are they doing with all that tax money other than lining their own pockets by skimming and huge pay raises, IE. the tax assessor. I may be the only one with this opinion, but it appears salient to me.

[NeetaT]

I don’t care that I missed out on a bubble opportunity. Well, maybe just a little. I think what really gets to me is that I have a feeling that there was and are people getting rich by skimming off the top of all the extra property tax revenue coming in. I know just by looking around and hearing complaints about the school system that the money is not being used properly. I ask , what are they doing with all that tax money other than lining their own pockets by skimming and huge pay raises, IE. the tax assessor. I may be the only one with this opinion, but it appears salient to me.

[NeetaT]

I don’t care that I missed out on a bubble opportunity. Well, maybe just a little. I think what really gets to me is that I have a feeling that there was and are people getting rich by skimming off the top of all the extra property tax revenue coming in. I know just by looking around and hearing complaints about the school system that the money is not being used properly. I ask , what are they doing with all that tax money other than lining their own pockets by skimming and huge pay raises, IE. the tax assessor. I may be the only one with this opinion, but it appears salient to me.

[pencilneck]

I’m not bitter at all about waiting to purchase a home.

I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.

So yes, I took the middleground (renting) and am quite happy with this decision.

[pencilneck]

I’m not bitter at all about waiting to purchase a home.

I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.

So yes, I took the middleground (renting) and am quite happy with this decision.

[pencilneck]

I’m not bitter at all about waiting to purchase a home.

I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.

So yes, I took the middleground (renting) and am quite happy with this decision.

[pencilneck]

I’m not bitter at all about waiting to purchase a home.

I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.

So yes, I took the middleground (renting) and am quite happy with this decision.

[pencilneck]

I’m not bitter at all about waiting to purchase a home.

I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.

So yes, I took the middleground (renting) and am quite happy with this decision.

[HereWeGo]

Buying in 2002 and selling in 05/06 would have been a great financial decision, no doubt. But buying now would seem to be a horrible financial decision. There are those who will buy, no doubt, but there were buyers of the homebuilder stocks all the way down as well as the mortgage brokers and the bond insurers. Falling knives are often caught by savvy bottom seeking sharks.

[HereWeGo]

Buying in 2002 and selling in 05/06 would have been a great financial decision, no doubt. But buying now would seem to be a horrible financial decision. There are those who will buy, no doubt, but there were buyers of the homebuilder stocks all the way down as well as the mortgage brokers and the bond insurers. Falling knives are often caught by savvy bottom seeking sharks.

[HereWeGo]

Buying in 2002 and selling in 05/06 would have been a great financial decision, no doubt. But buying now would seem to be a horrible financial decision. There are those who will buy, no doubt, but there were buyers of the homebuilder stocks all the way down as well as the mortgage brokers and the bond insurers. Falling knives are often caught by savvy bottom seeking sharks.

[HereWeGo]

Buying in 2002 and selling in 05/06 would have been a great financial decision, no doubt. But buying now would seem to be a horrible financial decision. There are those who will buy, no doubt, but there were buyers of the homebuilder stocks all the way down as well as the mortgage brokers and the bond insurers. Falling knives are often caught by savvy bottom seeking sharks.

[Author]

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