Goodbye Piggys

[RatherOpinionated]

At first I thought this site contained a diverse group of objective posters, but lately I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I’ll check back later to see if anything worthwhile pops up.

One last piece of parting advice. If you work for a public company (ie. Qualcomm), and you’ve set a price target to exercise your options, but when it gets to that price (likely a round number like $45 or $50 for no arbitrary reason), you decide to raise your exercise price because it “got there too fast” or “you know good things are coming” and then the price never hits that newly raised price and subsequently drops back well below where you could have exercised it, don’t come crying back to this board about your missed opportunities. Those of you who’ve done this know exactly what I’m talking about (with QCOM the same price as it was 7 years ago – THAT is missed opportunity).

So, maybe that is why you expect real estate to drop to it’s price of 7 years ago as well? Don’t make this same mistake on the downside as well.

Pigs get fed; hogs get slaughtered.

Goodbye Hoggington’s.

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[NotCranky]

O.K., see you on craig’s list.

[anxvariety]

O.K., see you on craig’s list.

LOL. Yeah, you really add to the forum by creating a thread to say goodbye.. did you want to hear some “stay! stay!”. RatherBitter….

[anxvariety]

O.K., see you on craig’s list.

LOL. Yeah, you really add to the forum by creating a thread to say goodbye.. did you want to hear some “stay! stay!”. RatherBitter….

[anxvariety]

O.K., see you on craig’s list.

LOL. Yeah, you really add to the forum by creating a thread to say goodbye.. did you want to hear some “stay! stay!”. RatherBitter….

[anxvariety]

O.K., see you on craig’s list.

LOL. Yeah, you really add to the forum by creating a thread to say goodbye.. did you want to hear some “stay! stay!”. RatherBitter….

[anxvariety]

O.K., see you on craig’s list.

LOL. Yeah, you really add to the forum by creating a thread to say goodbye.. did you want to hear some “stay! stay!”. RatherBitter….

[NotCranky]

O.K., see you on craig’s list.

[NotCranky]

O.K., see you on craig’s list.

[NotCranky]

O.K., see you on craig’s list.

[NotCranky]

O.K., see you on craig’s list.

[lendingbubblecontinues]

What? Is real estate agent training school starting up again soon? Goodbye F’tard.

[lendingbubblecontinues]

What? Is real estate agent training school starting up again soon? Goodbye F’tard.

[lendingbubblecontinues]

What? Is real estate agent training school starting up again soon? Goodbye F’tard.

[lendingbubblecontinues]

What? Is real estate agent training school starting up again soon? Goodbye F’tard.

[lendingbubblecontinues]

What? Is real estate agent training school starting up again soon? Goodbye F’tard.

[LA_Renter]

Thank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!

[HereWeGo]

So sad.

[HereWeGo]

So sad.

[HereWeGo]

So sad.

[HereWeGo]

So sad.

[HereWeGo]

So sad.

[Ex-SD]

Good bye, JACKASS! May the bird of paradise fly up your nose.

[kismetsdad]

Whats wrong with engineers? The world would be a far better place if engineers analysed and solved problems instead of politicians. Engineers at least live in the world of objective reality. Not only that-engineering is about maximizing return on capital.

[North County Jim]

The world would be a far better place if engineers analysed and solved problems instead of politicians.

Wasn’t Pol Pot an engineer?

[XBoxBoy]

Wasn’t Pol Pot an engineer?

According to Wikipedia, Pol Pot studied as an engineer, but failed his exams three years in a row. So, I think you could only dub him an aspiring engineer who washed out.

[dbapig]

dba
I didn’t know that about Pol Pot. Kinda unrelated but Hitler was a failed artist. He was interested in making a living as a painter but failed to gain admission to an art school. Bitterness from that contributed to his focusing energy in politics and you all know what happened…

imho

[dbapig]

dba
I didn’t know that about Pol Pot. Kinda unrelated but Hitler was a failed artist. He was interested in making a living as a painter but failed to gain admission to an art school. Bitterness from that contributed to his focusing energy in politics and you all know what happened…

imho

[dbapig]

dba
I didn’t know that about Pol Pot. Kinda unrelated but Hitler was a failed artist. He was interested in making a living as a painter but failed to gain admission to an art school. Bitterness from that contributed to his focusing energy in politics and you all know what happened…

imho

[dbapig]

dba
I didn’t know that about Pol Pot. Kinda unrelated but Hitler was a failed artist. He was interested in making a living as a painter but failed to gain admission to an art school. Bitterness from that contributed to his focusing energy in politics and you all know what happened…

imho

[dbapig]

dba
I didn’t know that about Pol Pot. Kinda unrelated but Hitler was a failed artist. He was interested in making a living as a painter but failed to gain admission to an art school. Bitterness from that contributed to his focusing energy in politics and you all know what happened…

imho

[XBoxBoy]

Wasn’t Pol Pot an engineer?

According to Wikipedia, Pol Pot studied as an engineer, but failed his exams three years in a row. So, I think you could only dub him an aspiring engineer who washed out.

[XBoxBoy]

Wasn’t Pol Pot an engineer?

According to Wikipedia, Pol Pot studied as an engineer, but failed his exams three years in a row. So, I think you could only dub him an aspiring engineer who washed out.

[XBoxBoy]

Wasn’t Pol Pot an engineer?

According to Wikipedia, Pol Pot studied as an engineer, but failed his exams three years in a row. So, I think you could only dub him an aspiring engineer who washed out.

[XBoxBoy]

Wasn’t Pol Pot an engineer?

According to Wikipedia, Pol Pot studied as an engineer, but failed his exams three years in a row. So, I think you could only dub him an aspiring engineer who washed out.

[hipmatt]

Did the value of RO’s home just hit a low that was either predicted by someone on piggs or did it reach a price that he thought it would never reach?

Sorry to see you go, but there has been a bit too much bullish sentiment on piggs.com lately anyways, despite absolutely NO evidence for housing prices to start picking back up anytime soon. I don’t even have to list the fundamentals and reasons why housing IS going to fall significantly further.

The best argument (which is weak at best and over played) that housing will start to rise again in price is that the market sentiment is too negative, and thats when things change.. ohh well. Might as well call a psychic if thats the best evidence you can get for a turn around.

[hipmatt]

Did the value of RO’s home just hit a low that was either predicted by someone on piggs or did it reach a price that he thought it would never reach?

Sorry to see you go, but there has been a bit too much bullish sentiment on piggs.com lately anyways, despite absolutely NO evidence for housing prices to start picking back up anytime soon. I don’t even have to list the fundamentals and reasons why housing IS going to fall significantly further.

The best argument (which is weak at best and over played) that housing will start to rise again in price is that the market sentiment is too negative, and thats when things change.. ohh well. Might as well call a psychic if thats the best evidence you can get for a turn around.

[hipmatt]

Did the value of RO’s home just hit a low that was either predicted by someone on piggs or did it reach a price that he thought it would never reach?

Sorry to see you go, but there has been a bit too much bullish sentiment on piggs.com lately anyways, despite absolutely NO evidence for housing prices to start picking back up anytime soon. I don’t even have to list the fundamentals and reasons why housing IS going to fall significantly further.

The best argument (which is weak at best and over played) that housing will start to rise again in price is that the market sentiment is too negative, and thats when things change.. ohh well. Might as well call a psychic if thats the best evidence you can get for a turn around.

[hipmatt]

Did the value of RO’s home just hit a low that was either predicted by someone on piggs or did it reach a price that he thought it would never reach?

Sorry to see you go, but there has been a bit too much bullish sentiment on piggs.com lately anyways, despite absolutely NO evidence for housing prices to start picking back up anytime soon. I don’t even have to list the fundamentals and reasons why housing IS going to fall significantly further.

The best argument (which is weak at best and over played) that housing will start to rise again in price is that the market sentiment is too negative, and thats when things change.. ohh well. Might as well call a psychic if thats the best evidence you can get for a turn around.

[hipmatt]

Did the value of RO’s home just hit a low that was either predicted by someone on piggs or did it reach a price that he thought it would never reach?

Sorry to see you go, but there has been a bit too much bullish sentiment on piggs.com lately anyways, despite absolutely NO evidence for housing prices to start picking back up anytime soon. I don’t even have to list the fundamentals and reasons why housing IS going to fall significantly further.

The best argument (which is weak at best and over played) that housing will start to rise again in price is that the market sentiment is too negative, and thats when things change.. ohh well. Might as well call a psychic if thats the best evidence you can get for a turn around.

[North County Jim]

The world would be a far better place if engineers analysed and solved problems instead of politicians.

Wasn’t Pol Pot an engineer?

[North County Jim]

The world would be a far better place if engineers analysed and solved problems instead of politicians.

Wasn’t Pol Pot an engineer?

[North County Jim]

The world would be a far better place if engineers analysed and solved problems instead of politicians.

Wasn’t Pol Pot an engineer?

[North County Jim]

The world would be a far better place if engineers analysed and solved problems instead of politicians.

Wasn’t Pol Pot an engineer?

[kismetsdad]

Whats wrong with engineers? The world would be a far better place if engineers analysed and solved problems instead of politicians. Engineers at least live in the world of objective reality. Not only that-engineering is about maximizing return on capital.

[kismetsdad]

Whats wrong with engineers? The world would be a far better place if engineers analysed and solved problems instead of politicians. Engineers at least live in the world of objective reality. Not only that-engineering is about maximizing return on capital.

[kismetsdad]

Whats wrong with engineers? The world would be a far better place if engineers analysed and solved problems instead of politicians. Engineers at least live in the world of objective reality. Not only that-engineering is about maximizing return on capital.

[kismetsdad]

Whats wrong with engineers? The world would be a far better place if engineers analysed and solved problems instead of politicians. Engineers at least live in the world of objective reality. Not only that-engineering is about maximizing return on capital.

[Ex-SD]

Good bye, JACKASS! May the bird of paradise fly up your nose.

[Ex-SD]

Good bye, JACKASS! May the bird of paradise fly up your nose.

[Ex-SD]

Good bye, JACKASS! May the bird of paradise fly up your nose.

[Ex-SD]

Good bye, JACKASS! May the bird of paradise fly up your nose.

[LA_Renter]

Thank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!

[LA_Renter]

Thank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!

[LA_Renter]

Thank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!

[LA_Renter]

Thank you for your rigorous analysis comparing Qualcomm to this ongoing credit crunch and housing bust in mid stream. It took me back and made me think….NOT!

[Coronita]

Wow. Someone woke up on the wrong side of the bed today.

 

RO, I don't know why you think everyone here is bitter. I'm a pretty happy person. Stock options. Yeah, that's not really earned money…For example, a company gave my wife free money simply by being in the right place at the right time. Regardless of how much of it is, it's still that. Free money. Why do people think stock options are something one "earns"??? It's a crap shoot at a rollette table. Just like if you happen to have been an owner and cashed out at the peak in 2004 (which we did as well). Another crap shoot.

I guess for me, because I'm an older buzzard these days. I don't take much of life too seriously.

I'm really impressed by some of the entrepreneurs (BYOB types). I'd wish they post more and talk about their experiences both up and down. If you're someone that can consistently spot opportunity, well my hats off to you. So RO, if your still posting, where's the next gold mine? Inquiring minds want to know 🙂

<dead_silience/>

[Coronita]

Wow. Someone woke up on the wrong side of the bed today.

 

RO, I don't know why you think everyone here is bitter. I'm a pretty happy person. Stock options. Yeah, that's not really earned money…For example, a company gave my wife free money simply by being in the right place at the right time. Regardless of how much of it is, it's still that. Free money. Why do people think stock options are something one "earns"??? It's a crap shoot at a rollette table. Just like if you happen to have been an owner and cashed out at the peak in 2004 (which we did as well). Another crap shoot.

I guess for me, because I'm an older buzzard these days. I don't take much of life too seriously.

I'm really impressed by some of the entrepreneurs (BYOB types). I'd wish they post more and talk about their experiences both up and down. If you're someone that can consistently spot opportunity, well my hats off to you. So RO, if your still posting, where's the next gold mine? Inquiring minds want to know 🙂

<dead_silience/>

[Coronita]

Wow. Someone woke up on the wrong side of the bed today.

 

RO, I don't know why you think everyone here is bitter. I'm a pretty happy person. Stock options. Yeah, that's not really earned money…For example, a company gave my wife free money simply by being in the right place at the right time. Regardless of how much of it is, it's still that. Free money. Why do people think stock options are something one "earns"??? It's a crap shoot at a rollette table. Just like if you happen to have been an owner and cashed out at the peak in 2004 (which we did as well). Another crap shoot.

I guess for me, because I'm an older buzzard these days. I don't take much of life too seriously.

I'm really impressed by some of the entrepreneurs (BYOB types). I'd wish they post more and talk about their experiences both up and down. If you're someone that can consistently spot opportunity, well my hats off to you. So RO, if your still posting, where's the next gold mine? Inquiring minds want to know 🙂

<dead_silience/>

[Coronita]

Wow. Someone woke up on the wrong side of the bed today.

 

RO, I don't know why you think everyone here is bitter. I'm a pretty happy person. Stock options. Yeah, that's not really earned money…For example, a company gave my wife free money simply by being in the right place at the right time. Regardless of how much of it is, it's still that. Free money. Why do people think stock options are something one "earns"??? It's a crap shoot at a rollette table. Just like if you happen to have been an owner and cashed out at the peak in 2004 (which we did as well). Another crap shoot.

I guess for me, because I'm an older buzzard these days. I don't take much of life too seriously.

I'm really impressed by some of the entrepreneurs (BYOB types). I'd wish they post more and talk about their experiences both up and down. If you're someone that can consistently spot opportunity, well my hats off to you. So RO, if your still posting, where's the next gold mine? Inquiring minds want to know 🙂

<dead_silience/>

[Coronita]

Wow. Someone woke up on the wrong side of the bed today.

 

RO, I don't know why you think everyone here is bitter. I'm a pretty happy person. Stock options. Yeah, that's not really earned money…For example, a company gave my wife free money simply by being in the right place at the right time. Regardless of how much of it is, it's still that. Free money. Why do people think stock options are something one "earns"??? It's a crap shoot at a rollette table. Just like if you happen to have been an owner and cashed out at the peak in 2004 (which we did as well). Another crap shoot.

I guess for me, because I'm an older buzzard these days. I don't take much of life too seriously.

I'm really impressed by some of the entrepreneurs (BYOB types). I'd wish they post more and talk about their experiences both up and down. If you're someone that can consistently spot opportunity, well my hats off to you. So RO, if your still posting, where's the next gold mine? Inquiring minds want to know 🙂

<dead_silience/>

[pbnative]

Marketeers think they’re cooler than engineers. Engineers think they’re smarter than marketeers. Happily, everyone gets to be right.

[Bugs]

Who among us is bitter and who among us is optimistic?

Just offhand, I’d say that most of the Piggs are a lot happier now than they were two years ago. Most of the bulls are a lot more bitter – at least on the inside. Hence their latent hostility to one and all.

RO tried his best to spin the news of 1% increases in monthly sales volume to mean that the bottom is here. He got shredded for it. Now he’s mad that he can’t get any airplay here so he’s going to punish us by leaving.

No problemo. We get a half dozen permabulls here every year. They always bring the “you’re dreaming if you think it’ll go down 50% because everyone wants to live in San Diego” arguments, and then they get introduced to all the data and analysis that they never learned how to do for themselves.

We won’t miss RO or his role on this board. That’s because there’ll be another bull coming along shortly to take his place. And that bull will inevitably get what RO got.

I just hope the next bitter borrower brings better avatars. I found the avatar that RO uses to depict himself to be more than a little …. bitter.

[Ex-SD]

Maybe he ran off to Las Vegas with Marion where they are getting married by an Elvis impersonator? 🙂

[North15]

With a one-way ticket to Brazil.

[North15]

RO’s problem is the same for many right now….. all with various motives. He is attempting to call a bottom to the decline in the housing market, and the data does not support his cause. In departing he suggests we will be sorry for our “bitter” renter stance for sitting on the sidelines, missing opportunity.

I hope he reports back in 6 months.

[North15]

RO’s problem is the same for many right now….. all with various motives. He is attempting to call a bottom to the decline in the housing market, and the data does not support his cause. In departing he suggests we will be sorry for our “bitter” renter stance for sitting on the sidelines, missing opportunity.

I hope he reports back in 6 months.

[North15]

RO’s problem is the same for many right now….. all with various motives. He is attempting to call a bottom to the decline in the housing market, and the data does not support his cause. In departing he suggests we will be sorry for our “bitter” renter stance for sitting on the sidelines, missing opportunity.

I hope he reports back in 6 months.

[North15]

RO’s problem is the same for many right now….. all with various motives. He is attempting to call a bottom to the decline in the housing market, and the data does not support his cause. In departing he suggests we will be sorry for our “bitter” renter stance for sitting on the sidelines, missing opportunity.

I hope he reports back in 6 months.

[North15]

RO’s problem is the same for many right now….. all with various motives. He is attempting to call a bottom to the decline in the housing market, and the data does not support his cause. In departing he suggests we will be sorry for our “bitter” renter stance for sitting on the sidelines, missing opportunity.

I hope he reports back in 6 months.

[North15]

With a one-way ticket to Brazil.

[North15]

With a one-way ticket to Brazil.

[North15]

With a one-way ticket to Brazil.

[North15]

With a one-way ticket to Brazil.

[Ex-SD]

Maybe he ran off to Las Vegas with Marion where they are getting married by an Elvis impersonator? 🙂

[Ex-SD]

Maybe he ran off to Las Vegas with Marion where they are getting married by an Elvis impersonator? 🙂

[Ex-SD]

Maybe he ran off to Las Vegas with Marion where they are getting married by an Elvis impersonator? 🙂

[Ex-SD]

Maybe he ran off to Las Vegas with Marion where they are getting married by an Elvis impersonator? 🙂

[Bugs]

Who among us is bitter and who among us is optimistic?

Just offhand, I’d say that most of the Piggs are a lot happier now than they were two years ago. Most of the bulls are a lot more bitter – at least on the inside. Hence their latent hostility to one and all.

RO tried his best to spin the news of 1% increases in monthly sales volume to mean that the bottom is here. He got shredded for it. Now he’s mad that he can’t get any airplay here so he’s going to punish us by leaving.

No problemo. We get a half dozen permabulls here every year. They always bring the “you’re dreaming if you think it’ll go down 50% because everyone wants to live in San Diego” arguments, and then they get introduced to all the data and analysis that they never learned how to do for themselves.

We won’t miss RO or his role on this board. That’s because there’ll be another bull coming along shortly to take his place. And that bull will inevitably get what RO got.

I just hope the next bitter borrower brings better avatars. I found the avatar that RO uses to depict himself to be more than a little …. bitter.

[Bugs]

Who among us is bitter and who among us is optimistic?

Just offhand, I’d say that most of the Piggs are a lot happier now than they were two years ago. Most of the bulls are a lot more bitter – at least on the inside. Hence their latent hostility to one and all.

RO tried his best to spin the news of 1% increases in monthly sales volume to mean that the bottom is here. He got shredded for it. Now he’s mad that he can’t get any airplay here so he’s going to punish us by leaving.

No problemo. We get a half dozen permabulls here every year. They always bring the “you’re dreaming if you think it’ll go down 50% because everyone wants to live in San Diego” arguments, and then they get introduced to all the data and analysis that they never learned how to do for themselves.

We won’t miss RO or his role on this board. That’s because there’ll be another bull coming along shortly to take his place. And that bull will inevitably get what RO got.

I just hope the next bitter borrower brings better avatars. I found the avatar that RO uses to depict himself to be more than a little …. bitter.

[Bugs]

Who among us is bitter and who among us is optimistic?

Just offhand, I’d say that most of the Piggs are a lot happier now than they were two years ago. Most of the bulls are a lot more bitter – at least on the inside. Hence their latent hostility to one and all.

RO tried his best to spin the news of 1% increases in monthly sales volume to mean that the bottom is here. He got shredded for it. Now he’s mad that he can’t get any airplay here so he’s going to punish us by leaving.

No problemo. We get a half dozen permabulls here every year. They always bring the “you’re dreaming if you think it’ll go down 50% because everyone wants to live in San Diego” arguments, and then they get introduced to all the data and analysis that they never learned how to do for themselves.

We won’t miss RO or his role on this board. That’s because there’ll be another bull coming along shortly to take his place. And that bull will inevitably get what RO got.

I just hope the next bitter borrower brings better avatars. I found the avatar that RO uses to depict himself to be more than a little …. bitter.

[Bugs]

Who among us is bitter and who among us is optimistic?

Just offhand, I’d say that most of the Piggs are a lot happier now than they were two years ago. Most of the bulls are a lot more bitter – at least on the inside. Hence their latent hostility to one and all.

RO tried his best to spin the news of 1% increases in monthly sales volume to mean that the bottom is here. He got shredded for it. Now he’s mad that he can’t get any airplay here so he’s going to punish us by leaving.

No problemo. We get a half dozen permabulls here every year. They always bring the “you’re dreaming if you think it’ll go down 50% because everyone wants to live in San Diego” arguments, and then they get introduced to all the data and analysis that they never learned how to do for themselves.

We won’t miss RO or his role on this board. That’s because there’ll be another bull coming along shortly to take his place. And that bull will inevitably get what RO got.

I just hope the next bitter borrower brings better avatars. I found the avatar that RO uses to depict himself to be more than a little …. bitter.

[pbnative]

Marketeers think they’re cooler than engineers. Engineers think they’re smarter than marketeers. Happily, everyone gets to be right.

[pbnative]

Marketeers think they’re cooler than engineers. Engineers think they’re smarter than marketeers. Happily, everyone gets to be right.

[pbnative]

Marketeers think they’re cooler than engineers. Engineers think they’re smarter than marketeers. Happily, everyone gets to be right.

[pbnative]

Marketeers think they’re cooler than engineers. Engineers think they’re smarter than marketeers. Happily, everyone gets to be right.

[Borat]

Buh-bye.

[Borat]

Buh-bye.

[Borat]

Buh-bye.

[Borat]

Buh-bye.

[Borat]

Buh-bye.

[SD Realtor]

RO interesting goodbye speech.

I would be willing to wager you are logging on just to view the responses.

If you are so adamant that not purchasing real estate at present valuations will you have the courage to check back in if and when the market depreciates to admit that waiting may indeed have been a prudent financial decision?

While it is easiest to take your toys and leave the program perhaps you should show more character and stand up and defend your beliefs. I openly argue with bears that buying a home is much more then a financial decision and have freely admitted to making offers on homes over the past year.

Yet to just lump everyone into a bitter renter engineer bundle and ignore raw data that is quite factual is rather incorrect.

Your actions seem to be based much more on emotion and less on logic.

I SD Realtor

[SD Realtor]

RO interesting goodbye speech.

I would be willing to wager you are logging on just to view the responses.

If you are so adamant that not purchasing real estate at present valuations will you have the courage to check back in if and when the market depreciates to admit that waiting may indeed have been a prudent financial decision?

While it is easiest to take your toys and leave the program perhaps you should show more character and stand up and defend your beliefs. I openly argue with bears that buying a home is much more then a financial decision and have freely admitted to making offers on homes over the past year.

Yet to just lump everyone into a bitter renter engineer bundle and ignore raw data that is quite factual is rather incorrect.

Your actions seem to be based much more on emotion and less on logic.

I SD Realtor

[SD Realtor]

RO interesting goodbye speech.

I would be willing to wager you are logging on just to view the responses.

If you are so adamant that not purchasing real estate at present valuations will you have the courage to check back in if and when the market depreciates to admit that waiting may indeed have been a prudent financial decision?

While it is easiest to take your toys and leave the program perhaps you should show more character and stand up and defend your beliefs. I openly argue with bears that buying a home is much more then a financial decision and have freely admitted to making offers on homes over the past year.

Yet to just lump everyone into a bitter renter engineer bundle and ignore raw data that is quite factual is rather incorrect.

Your actions seem to be based much more on emotion and less on logic.

I SD Realtor

[SD Realtor]

RO interesting goodbye speech.

I would be willing to wager you are logging on just to view the responses.

If you are so adamant that not purchasing real estate at present valuations will you have the courage to check back in if and when the market depreciates to admit that waiting may indeed have been a prudent financial decision?

While it is easiest to take your toys and leave the program perhaps you should show more character and stand up and defend your beliefs. I openly argue with bears that buying a home is much more then a financial decision and have freely admitted to making offers on homes over the past year.

Yet to just lump everyone into a bitter renter engineer bundle and ignore raw data that is quite factual is rather incorrect.

Your actions seem to be based much more on emotion and less on logic.

I SD Realtor

[SD Realtor]

RO interesting goodbye speech.

I would be willing to wager you are logging on just to view the responses.

If you are so adamant that not purchasing real estate at present valuations will you have the courage to check back in if and when the market depreciates to admit that waiting may indeed have been a prudent financial decision?

While it is easiest to take your toys and leave the program perhaps you should show more character and stand up and defend your beliefs. I openly argue with bears that buying a home is much more then a financial decision and have freely admitted to making offers on homes over the past year.

Yet to just lump everyone into a bitter renter engineer bundle and ignore raw data that is quite factual is rather incorrect.

Your actions seem to be based much more on emotion and less on logic.

I SD Realtor

[DWCAP]

After reading so many of Ro’s posts I cant call him a real permabull. He is more of the Ahole type that tries to stir the pot to see what comes up. He wants some poor poster to break down and cry about how they NEED housing to decline, because they can only afford so much. “BUT please pigg’s, make prices go back to 1996 so I can buy a 5/3 3000 sqt house in CV on my teachers salary. I am a good person, I DESERVE IT.” Then he can break them down, tell them that they suck, are poor shmucks who will always be renters and then feel better about himself. He is one of those types that when you ask them why they are arguing a indefensable point, they answer “because you arn’t”.
What RO and his many previous identies forgot about was that most people here are either long timers who know the real real-estate market and are interested in what it is doing, or people like me, just trying to learn how to read past all the feces being flung out of the NAR. At the bottom of every page sits the motto that RO never really understood, “In God We Trust, Everyone Else Bring Data”. Unfornatually for him, the data just never supported anything he said, and contrary to his personal opnion, he isnt the only one who doesnt need to bring data.

[DWCAP]

After reading so many of Ro’s posts I cant call him a real permabull. He is more of the Ahole type that tries to stir the pot to see what comes up. He wants some poor poster to break down and cry about how they NEED housing to decline, because they can only afford so much. “BUT please pigg’s, make prices go back to 1996 so I can buy a 5/3 3000 sqt house in CV on my teachers salary. I am a good person, I DESERVE IT.” Then he can break them down, tell them that they suck, are poor shmucks who will always be renters and then feel better about himself. He is one of those types that when you ask them why they are arguing a indefensable point, they answer “because you arn’t”.
What RO and his many previous identies forgot about was that most people here are either long timers who know the real real-estate market and are interested in what it is doing, or people like me, just trying to learn how to read past all the feces being flung out of the NAR. At the bottom of every page sits the motto that RO never really understood, “In God We Trust, Everyone Else Bring Data”. Unfornatually for him, the data just never supported anything he said, and contrary to his personal opnion, he isnt the only one who doesnt need to bring data.

[DWCAP]

After reading so many of Ro’s posts I cant call him a real permabull. He is more of the Ahole type that tries to stir the pot to see what comes up. He wants some poor poster to break down and cry about how they NEED housing to decline, because they can only afford so much. “BUT please pigg’s, make prices go back to 1996 so I can buy a 5/3 3000 sqt house in CV on my teachers salary. I am a good person, I DESERVE IT.” Then he can break them down, tell them that they suck, are poor shmucks who will always be renters and then feel better about himself. He is one of those types that when you ask them why they are arguing a indefensable point, they answer “because you arn’t”.
What RO and his many previous identies forgot about was that most people here are either long timers who know the real real-estate market and are interested in what it is doing, or people like me, just trying to learn how to read past all the feces being flung out of the NAR. At the bottom of every page sits the motto that RO never really understood, “In God We Trust, Everyone Else Bring Data”. Unfornatually for him, the data just never supported anything he said, and contrary to his personal opnion, he isnt the only one who doesnt need to bring data.

[DWCAP]

After reading so many of Ro’s posts I cant call him a real permabull. He is more of the Ahole type that tries to stir the pot to see what comes up. He wants some poor poster to break down and cry about how they NEED housing to decline, because they can only afford so much. “BUT please pigg’s, make prices go back to 1996 so I can buy a 5/3 3000 sqt house in CV on my teachers salary. I am a good person, I DESERVE IT.” Then he can break them down, tell them that they suck, are poor shmucks who will always be renters and then feel better about himself. He is one of those types that when you ask them why they are arguing a indefensable point, they answer “because you arn’t”.
What RO and his many previous identies forgot about was that most people here are either long timers who know the real real-estate market and are interested in what it is doing, or people like me, just trying to learn how to read past all the feces being flung out of the NAR. At the bottom of every page sits the motto that RO never really understood, “In God We Trust, Everyone Else Bring Data”. Unfornatually for him, the data just never supported anything he said, and contrary to his personal opnion, he isnt the only one who doesnt need to bring data.

[DWCAP]

After reading so many of Ro’s posts I cant call him a real permabull. He is more of the Ahole type that tries to stir the pot to see what comes up. He wants some poor poster to break down and cry about how they NEED housing to decline, because they can only afford so much. “BUT please pigg’s, make prices go back to 1996 so I can buy a 5/3 3000 sqt house in CV on my teachers salary. I am a good person, I DESERVE IT.” Then he can break them down, tell them that they suck, are poor shmucks who will always be renters and then feel better about himself. He is one of those types that when you ask them why they are arguing a indefensable point, they answer “because you arn’t”.
What RO and his many previous identies forgot about was that most people here are either long timers who know the real real-estate market and are interested in what it is doing, or people like me, just trying to learn how to read past all the feces being flung out of the NAR. At the bottom of every page sits the motto that RO never really understood, “In God We Trust, Everyone Else Bring Data”. Unfornatually for him, the data just never supported anything he said, and contrary to his personal opnion, he isnt the only one who doesnt need to bring data.

[Coronita]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO's signature picture? It's looks like how I feel 🙂

[img_assist|nid=5962|title=|desc=|link=node|align=left|width=100|height=80]

 

 

[NotCranky]

He is going to need it a lot longer than you are. What you have passes, what he has gets worse.

[NotCranky]

He is going to need it a lot longer than you are. What you have passes, what he has gets worse.

[NotCranky]

He is going to need it a lot longer than you are. What you have passes, what he has gets worse.

[NotCranky]

He is going to need it a lot longer than you are. What you have passes, what he has gets worse.

[NotCranky]

He is going to need it a lot longer than you are. What you have passes, what he has gets worse.

[little lady]

“Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I’ll check back later to see if anything worthwhile pops up. ”

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

[Borat]

And once again for “little lady” —

Buh-bye.

[CBad]

And this little piggy cried wee wee wee wee all the way home…

Why do people write goodbye speeches on forums? Just leave; you don’t have to explain why. Except that you enjoy coming back on and reading responses to your goodbye speech.

And why does the troll avatar have two right feet?

[Ex-SD]

Oh, trust me……….he’s still here. He’s either watching this thread (and others) and/or he’s assumed another identity and is or will be posting under the new name. Remember……..he posted under a couple of other screen names before coming up with OP. My take on Mr. OP is that he’s rapidly going upside down on a couple of his properties so he’s angry and looking for a place to vent. Then, we know that he has that POS rental that he rents out to groups of college kids and you know that has to be fun each month when you have to chase them for the rent. He was enjoyable in a black-humor sort of sense and I kinda hate to see him rush off with his tail between his legs…………..but then, he’s reading this and I’m sure he will be posting soon under one name or another.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[kismetsdad]

With regard to timeing the real estate market: The decline was foreseeable. It is however difficult to short real-estate. Much easier to short a stock. (IE buy a PUT. It increases in value as the underlying asset decreases)

[kismetsdad]

With regard to timeing the real estate market: The decline was foreseeable. It is however difficult to short real-estate. Much easier to short a stock. (IE buy a PUT. It increases in value as the underlying asset decreases)

[kismetsdad]

With regard to timeing the real estate market: The decline was foreseeable. It is however difficult to short real-estate. Much easier to short a stock. (IE buy a PUT. It increases in value as the underlying asset decreases)

[kismetsdad]

With regard to timeing the real estate market: The decline was foreseeable. It is however difficult to short real-estate. Much easier to short a stock. (IE buy a PUT. It increases in value as the underlying asset decreases)

[kismetsdad]

With regard to timeing the real estate market: The decline was foreseeable. It is however difficult to short real-estate. Much easier to short a stock. (IE buy a PUT. It increases in value as the underlying asset decreases)

[patientrenter]

Raybyrnes, for most first-time buyers in the last 3-5 years, a home has been an investment as well as a place to come home to. When the price of a home gets up to 50% or more of your entire lifetime’s earnings (excluding hoped-for investment gains) less expenses, then you have to consider it as an investment as well as a place to live.

Many people, perhaps like you, have saved enough, or have prior capital gains that are large enough, that current home prices don’t seem burdensome. For example, if I’d invested a halfway decent amount of money in real estate and the stock market starting in the 1980’s, I probably would feel like you do now, that buying a home even at today’s prices should be something I do if I really want to. Home prices don’t feel over-inflated if you’re paying with assets, or could pay with assets, that are also “over-inflated”. Easy come, easy go. It’s all Monopoly money that came easily, and you have enough of it so giving up chunks of it doesn’t feel painful.

For the rest of us that have no prior capital gains, and don’t earn huge salaries compared to the homes we want to live in, a home is our biggest investment, and we need to buy it when its price is low. Every $100K less we spend matters to us because it’s not Monopoly money to us.

Different psychology, depending on your situation.

Patient renter in OC

[patientrenter]

Raybyrnes, for most first-time buyers in the last 3-5 years, a home has been an investment as well as a place to come home to. When the price of a home gets up to 50% or more of your entire lifetime’s earnings (excluding hoped-for investment gains) less expenses, then you have to consider it as an investment as well as a place to live.

Many people, perhaps like you, have saved enough, or have prior capital gains that are large enough, that current home prices don’t seem burdensome. For example, if I’d invested a halfway decent amount of money in real estate and the stock market starting in the 1980’s, I probably would feel like you do now, that buying a home even at today’s prices should be something I do if I really want to. Home prices don’t feel over-inflated if you’re paying with assets, or could pay with assets, that are also “over-inflated”. Easy come, easy go. It’s all Monopoly money that came easily, and you have enough of it so giving up chunks of it doesn’t feel painful.

For the rest of us that have no prior capital gains, and don’t earn huge salaries compared to the homes we want to live in, a home is our biggest investment, and we need to buy it when its price is low. Every $100K less we spend matters to us because it’s not Monopoly money to us.

Different psychology, depending on your situation.

Patient renter in OC

[patientrenter]

Raybyrnes, for most first-time buyers in the last 3-5 years, a home has been an investment as well as a place to come home to. When the price of a home gets up to 50% or more of your entire lifetime’s earnings (excluding hoped-for investment gains) less expenses, then you have to consider it as an investment as well as a place to live.

Many people, perhaps like you, have saved enough, or have prior capital gains that are large enough, that current home prices don’t seem burdensome. For example, if I’d invested a halfway decent amount of money in real estate and the stock market starting in the 1980’s, I probably would feel like you do now, that buying a home even at today’s prices should be something I do if I really want to. Home prices don’t feel over-inflated if you’re paying with assets, or could pay with assets, that are also “over-inflated”. Easy come, easy go. It’s all Monopoly money that came easily, and you have enough of it so giving up chunks of it doesn’t feel painful.

For the rest of us that have no prior capital gains, and don’t earn huge salaries compared to the homes we want to live in, a home is our biggest investment, and we need to buy it when its price is low. Every $100K less we spend matters to us because it’s not Monopoly money to us.

Different psychology, depending on your situation.

Patient renter in OC

[patientrenter]

Raybyrnes, for most first-time buyers in the last 3-5 years, a home has been an investment as well as a place to come home to. When the price of a home gets up to 50% or more of your entire lifetime’s earnings (excluding hoped-for investment gains) less expenses, then you have to consider it as an investment as well as a place to live.

Many people, perhaps like you, have saved enough, or have prior capital gains that are large enough, that current home prices don’t seem burdensome. For example, if I’d invested a halfway decent amount of money in real estate and the stock market starting in the 1980’s, I probably would feel like you do now, that buying a home even at today’s prices should be something I do if I really want to. Home prices don’t feel over-inflated if you’re paying with assets, or could pay with assets, that are also “over-inflated”. Easy come, easy go. It’s all Monopoly money that came easily, and you have enough of it so giving up chunks of it doesn’t feel painful.

For the rest of us that have no prior capital gains, and don’t earn huge salaries compared to the homes we want to live in, a home is our biggest investment, and we need to buy it when its price is low. Every $100K less we spend matters to us because it’s not Monopoly money to us.

Different psychology, depending on your situation.

Patient renter in OC

[patientrenter]

Raybyrnes, for most first-time buyers in the last 3-5 years, a home has been an investment as well as a place to come home to. When the price of a home gets up to 50% or more of your entire lifetime’s earnings (excluding hoped-for investment gains) less expenses, then you have to consider it as an investment as well as a place to live.

Many people, perhaps like you, have saved enough, or have prior capital gains that are large enough, that current home prices don’t seem burdensome. For example, if I’d invested a halfway decent amount of money in real estate and the stock market starting in the 1980’s, I probably would feel like you do now, that buying a home even at today’s prices should be something I do if I really want to. Home prices don’t feel over-inflated if you’re paying with assets, or could pay with assets, that are also “over-inflated”. Easy come, easy go. It’s all Monopoly money that came easily, and you have enough of it so giving up chunks of it doesn’t feel painful.

For the rest of us that have no prior capital gains, and don’t earn huge salaries compared to the homes we want to live in, a home is our biggest investment, and we need to buy it when its price is low. Every $100K less we spend matters to us because it’s not Monopoly money to us.

Different psychology, depending on your situation.

Patient renter in OC

[New_Renter]

Rayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?

2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.

I am fine with agreeing to disagree.

[Raybyrnes]

New_Renter

“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”

I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.

With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.

What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.

With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.

[patientrenter]

Raybyrnes, I wasn’t clear in explaining why most first-time buyers now have to consider their home as a major investment as well as a home, and need to time the purchase. Let me give it another shot.

Let’s say you are 30, and are settling into your career, planning to save, settle down, etc. You feel the need to start planning for the rest of your life. Let’s suppose you plan to work until you are 60, and save enough to live on until you are 90. What are your housing options?

Let’s make up some numbers for earnings and spending. S’pose you expect to average $250K annual h’hold earnings over your working lifetime. Call that $150K after tax etc. Let’s suppose you want to spend $70K on average over the rest of your life, excluding mortgage payments.

Then your planned lifetime future non-mortgage spending comes to (90-30) x $70K = $4.2 million. Your planned lifetime future net earnings comes to (60-30) x $150K = $4.5 million. That leaves $300K for lifetime house purchases and any other unexpected little things that come up. If you have to plan on spending more than 50% of that residual number for a home, whatever it is for you, then you probably are relying on getting back a lot of it, so it has become an investment for you.

My guess is that at current So Ca prices, almost every first-time buyer is, by this measure, primarily a (hopeful) investor more than someone looking for shelter. Rentals already provide for the shelter need.

I hinted at all this, and more, in my other posts, but I hope this explains it better. If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money. Why bother waiting to save that last $100K in purchase price when you’re sitting on cumulative lifetime gains of many times that?

It’s just not the same for people who don’t have those massive gains, and have much poorer prospects for repeating your success. Or do you subscribe to the theory that home prices can, after blips here and there, exceed wage growth forever, as they have recently?

Patient renter in OC

[Raybyrnes]

“If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money.”

That’s not my situation and i can understand what you are saying. But I do not believe believe that the average Joe is looking at his home the same way and investor studies CAP rate and NOI.

I too would be a first time homeowner and I sort of look at it like an elevator ride. What floor you get in on is extremely important.

But I also look at the housing situation from a historical perspective. Historically ciotes like NY, San Francisco, Los Angeles, and even San Diego have long outperformed other parts of the country.

Now the counter argument is that ther could be a long term regression to the mean but I don’t buy that argument.

Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.

San Diego has some negatives. This is not a corporate town. The colleges in the area as a whole are average.

But there are certainly some positive. Climate is great. San Diego has Mexico to the South. Water to the west so land is limited. This is a destination city. San Diego is still attractively priced realative to Orange County.

This isn’t a pitch to go run out and buy now but it is to say that if I had a 250 K household income I probably would be in the market for a 500K place that I planned on holding for a perpituity. Why do I say this. Because I have parents in the east. So I could buy something and rather than having folks move in with me I could simply move up into a second home and let them have the first. They could pay rent to me and we keep money in the family. They have enough assets if needed that buying up wouldn’t be a problem. To me this is a fairly stable wealth building strategy.

I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

[VoZangre]

Subtext…

“Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.”

I s’pose yer thinkin o USC, and Florida?

You leave out Michigan ( and State) Ohio State, Notre Dame ( til fat-man Weis), Texas…

Kids wanna play where elite programs are…

you heard of NC, Kentucky, UCONN? The kids aint there cos o the weather…

better off to hi-lite and alt-x that section.

Voz

[VoZangre]

Subtext…

“Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.”

I s’pose yer thinkin o USC, and Florida?

You leave out Michigan ( and State) Ohio State, Notre Dame ( til fat-man Weis), Texas…

Kids wanna play where elite programs are…

you heard of NC, Kentucky, UCONN? The kids aint there cos o the weather…

better off to hi-lite and alt-x that section.

Voz

[VoZangre]

Subtext…

“Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.”

I s’pose yer thinkin o USC, and Florida?

You leave out Michigan ( and State) Ohio State, Notre Dame ( til fat-man Weis), Texas…

Kids wanna play where elite programs are…

you heard of NC, Kentucky, UCONN? The kids aint there cos o the weather…

better off to hi-lite and alt-x that section.

Voz

[VoZangre]

Subtext…

“Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.”

I s’pose yer thinkin o USC, and Florida?

You leave out Michigan ( and State) Ohio State, Notre Dame ( til fat-man Weis), Texas…

Kids wanna play where elite programs are…

you heard of NC, Kentucky, UCONN? The kids aint there cos o the weather…

better off to hi-lite and alt-x that section.

Voz

[VoZangre]

Subtext…

“Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.”

I s’pose yer thinkin o USC, and Florida?

You leave out Michigan ( and State) Ohio State, Notre Dame ( til fat-man Weis), Texas…

Kids wanna play where elite programs are…

you heard of NC, Kentucky, UCONN? The kids aint there cos o the weather…

better off to hi-lite and alt-x that section.

Voz

[ucodegen]

@Raybyrnes
I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

This is what this ‘renter’ is betting on. As interest rates rise, the prices that equivalent houses sell for will drop. Most people only look at the monthly payments for what they can buy and what they perceive it is worth. Since I am sitting on a whole pile of cash (could buy right now for cash, but won’t) I want to get the best return on my cash. You can view the return on invested down payment as being equivalent to the mortgage rate (because that is the rate and cost is offsets).

[Raybyrnes]

ucodegen

There are certainly inflection point that optimizw purchae price and interest rates.

To me you would be hard pressed to get me to put a lot of cash down on a house. I will put down what is necessary only to get the most opportunistic interst rate. The rest of my cash will continue to remain liquid I I don’t mind being negative short term on a mortgage vs money market. Over the long haul I beleive there will be enough periods of time when interest reates paid by banks will be higher than the interest rates paid on current mortgages. This will begin to lower my over all cost of housing.

Whatevr the case may be you plunk down cash you give something up, you take out a mortgage you are tied into a payament and need to be able to manage the cash flow. You’ll only know if you hit it perfectly 5 to 10 years after you bought.

[Raybyrnes]

ucodegen

There are certainly inflection point that optimizw purchae price and interest rates.

To me you would be hard pressed to get me to put a lot of cash down on a house. I will put down what is necessary only to get the most opportunistic interst rate. The rest of my cash will continue to remain liquid I I don’t mind being negative short term on a mortgage vs money market. Over the long haul I beleive there will be enough periods of time when interest reates paid by banks will be higher than the interest rates paid on current mortgages. This will begin to lower my over all cost of housing.

Whatevr the case may be you plunk down cash you give something up, you take out a mortgage you are tied into a payament and need to be able to manage the cash flow. You’ll only know if you hit it perfectly 5 to 10 years after you bought.

[Raybyrnes]

ucodegen

There are certainly inflection point that optimizw purchae price and interest rates.

To me you would be hard pressed to get me to put a lot of cash down on a house. I will put down what is necessary only to get the most opportunistic interst rate. The rest of my cash will continue to remain liquid I I don’t mind being negative short term on a mortgage vs money market. Over the long haul I beleive there will be enough periods of time when interest reates paid by banks will be higher than the interest rates paid on current mortgages. This will begin to lower my over all cost of housing.

Whatevr the case may be you plunk down cash you give something up, you take out a mortgage you are tied into a payament and need to be able to manage the cash flow. You’ll only know if you hit it perfectly 5 to 10 years after you bought.

[Raybyrnes]

ucodegen

There are certainly inflection point that optimizw purchae price and interest rates.

To me you would be hard pressed to get me to put a lot of cash down on a house. I will put down what is necessary only to get the most opportunistic interst rate. The rest of my cash will continue to remain liquid I I don’t mind being negative short term on a mortgage vs money market. Over the long haul I beleive there will be enough periods of time when interest reates paid by banks will be higher than the interest rates paid on current mortgages. This will begin to lower my over all cost of housing.

Whatevr the case may be you plunk down cash you give something up, you take out a mortgage you are tied into a payament and need to be able to manage the cash flow. You’ll only know if you hit it perfectly 5 to 10 years after you bought.

[Raybyrnes]

ucodegen

There are certainly inflection point that optimizw purchae price and interest rates.

To me you would be hard pressed to get me to put a lot of cash down on a house. I will put down what is necessary only to get the most opportunistic interst rate. The rest of my cash will continue to remain liquid I I don’t mind being negative short term on a mortgage vs money market. Over the long haul I beleive there will be enough periods of time when interest reates paid by banks will be higher than the interest rates paid on current mortgages. This will begin to lower my over all cost of housing.

Whatevr the case may be you plunk down cash you give something up, you take out a mortgage you are tied into a payament and need to be able to manage the cash flow. You’ll only know if you hit it perfectly 5 to 10 years after you bought.

[ucodegen]

@Raybyrnes
I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

This is what this ‘renter’ is betting on. As interest rates rise, the prices that equivalent houses sell for will drop. Most people only look at the monthly payments for what they can buy and what they perceive it is worth. Since I am sitting on a whole pile of cash (could buy right now for cash, but won’t) I want to get the best return on my cash. You can view the return on invested down payment as being equivalent to the mortgage rate (because that is the rate and cost is offsets).

[ucodegen]

@Raybyrnes
I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

This is what this ‘renter’ is betting on. As interest rates rise, the prices that equivalent houses sell for will drop. Most people only look at the monthly payments for what they can buy and what they perceive it is worth. Since I am sitting on a whole pile of cash (could buy right now for cash, but won’t) I want to get the best return on my cash. You can view the return on invested down payment as being equivalent to the mortgage rate (because that is the rate and cost is offsets).

[ucodegen]

@Raybyrnes
I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

This is what this ‘renter’ is betting on. As interest rates rise, the prices that equivalent houses sell for will drop. Most people only look at the monthly payments for what they can buy and what they perceive it is worth. Since I am sitting on a whole pile of cash (could buy right now for cash, but won’t) I want to get the best return on my cash. You can view the return on invested down payment as being equivalent to the mortgage rate (because that is the rate and cost is offsets).

[ucodegen]

@Raybyrnes
I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

This is what this ‘renter’ is betting on. As interest rates rise, the prices that equivalent houses sell for will drop. Most people only look at the monthly payments for what they can buy and what they perceive it is worth. Since I am sitting on a whole pile of cash (could buy right now for cash, but won’t) I want to get the best return on my cash. You can view the return on invested down payment as being equivalent to the mortgage rate (because that is the rate and cost is offsets).

[Raybyrnes]

“If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money.”

That’s not my situation and i can understand what you are saying. But I do not believe believe that the average Joe is looking at his home the same way and investor studies CAP rate and NOI.

I too would be a first time homeowner and I sort of look at it like an elevator ride. What floor you get in on is extremely important.

But I also look at the housing situation from a historical perspective. Historically ciotes like NY, San Francisco, Los Angeles, and even San Diego have long outperformed other parts of the country.

Now the counter argument is that ther could be a long term regression to the mean but I don’t buy that argument.

Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.

San Diego has some negatives. This is not a corporate town. The colleges in the area as a whole are average.

But there are certainly some positive. Climate is great. San Diego has Mexico to the South. Water to the west so land is limited. This is a destination city. San Diego is still attractively priced realative to Orange County.

This isn’t a pitch to go run out and buy now but it is to say that if I had a 250 K household income I probably would be in the market for a 500K place that I planned on holding for a perpituity. Why do I say this. Because I have parents in the east. So I could buy something and rather than having folks move in with me I could simply move up into a second home and let them have the first. They could pay rent to me and we keep money in the family. They have enough assets if needed that buying up wouldn’t be a problem. To me this is a fairly stable wealth building strategy.

I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

[Raybyrnes]

“If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money.”

That’s not my situation and i can understand what you are saying. But I do not believe believe that the average Joe is looking at his home the same way and investor studies CAP rate and NOI.

I too would be a first time homeowner and I sort of look at it like an elevator ride. What floor you get in on is extremely important.

But I also look at the housing situation from a historical perspective. Historically ciotes like NY, San Francisco, Los Angeles, and even San Diego have long outperformed other parts of the country.

Now the counter argument is that ther could be a long term regression to the mean but I don’t buy that argument.

Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.

San Diego has some negatives. This is not a corporate town. The colleges in the area as a whole are average.

But there are certainly some positive. Climate is great. San Diego has Mexico to the South. Water to the west so land is limited. This is a destination city. San Diego is still attractively priced realative to Orange County.

This isn’t a pitch to go run out and buy now but it is to say that if I had a 250 K household income I probably would be in the market for a 500K place that I planned on holding for a perpituity. Why do I say this. Because I have parents in the east. So I could buy something and rather than having folks move in with me I could simply move up into a second home and let them have the first. They could pay rent to me and we keep money in the family. They have enough assets if needed that buying up wouldn’t be a problem. To me this is a fairly stable wealth building strategy.

I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

[Raybyrnes]

“If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money.”

That’s not my situation and i can understand what you are saying. But I do not believe believe that the average Joe is looking at his home the same way and investor studies CAP rate and NOI.

I too would be a first time homeowner and I sort of look at it like an elevator ride. What floor you get in on is extremely important.

But I also look at the housing situation from a historical perspective. Historically ciotes like NY, San Francisco, Los Angeles, and even San Diego have long outperformed other parts of the country.

Now the counter argument is that ther could be a long term regression to the mean but I don’t buy that argument.

Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.

San Diego has some negatives. This is not a corporate town. The colleges in the area as a whole are average.

But there are certainly some positive. Climate is great. San Diego has Mexico to the South. Water to the west so land is limited. This is a destination city. San Diego is still attractively priced realative to Orange County.

This isn’t a pitch to go run out and buy now but it is to say that if I had a 250 K household income I probably would be in the market for a 500K place that I planned on holding for a perpituity. Why do I say this. Because I have parents in the east. So I could buy something and rather than having folks move in with me I could simply move up into a second home and let them have the first. They could pay rent to me and we keep money in the family. They have enough assets if needed that buying up wouldn’t be a problem. To me this is a fairly stable wealth building strategy.

I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

[Raybyrnes]

“If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money.”

That’s not my situation and i can understand what you are saying. But I do not believe believe that the average Joe is looking at his home the same way and investor studies CAP rate and NOI.

I too would be a first time homeowner and I sort of look at it like an elevator ride. What floor you get in on is extremely important.

But I also look at the housing situation from a historical perspective. Historically ciotes like NY, San Francisco, Los Angeles, and even San Diego have long outperformed other parts of the country.

Now the counter argument is that ther could be a long term regression to the mean but I don’t buy that argument.

Here’s a weird detail to look at. Where are elite college sports teams. Typically in the warmer climates. Why? Becasue kids want to play in nicer climates.

San Diego has some negatives. This is not a corporate town. The colleges in the area as a whole are average.

But there are certainly some positive. Climate is great. San Diego has Mexico to the South. Water to the west so land is limited. This is a destination city. San Diego is still attractively priced realative to Orange County.

This isn’t a pitch to go run out and buy now but it is to say that if I had a 250 K household income I probably would be in the market for a 500K place that I planned on holding for a perpituity. Why do I say this. Because I have parents in the east. So I could buy something and rather than having folks move in with me I could simply move up into a second home and let them have the first. They could pay rent to me and we keep money in the family. They have enough assets if needed that buying up wouldn’t be a problem. To me this is a fairly stable wealth building strategy.

I also think people are fooling themselves if they think interest rates are going to stay this low forever so loan notes and cash flow will impact overall long term costs.

[patientrenter]

Raybyrnes, I wasn’t clear in explaining why most first-time buyers now have to consider their home as a major investment as well as a home, and need to time the purchase. Let me give it another shot.

Let’s say you are 30, and are settling into your career, planning to save, settle down, etc. You feel the need to start planning for the rest of your life. Let’s suppose you plan to work until you are 60, and save enough to live on until you are 90. What are your housing options?

Let’s make up some numbers for earnings and spending. S’pose you expect to average $250K annual h’hold earnings over your working lifetime. Call that $150K after tax etc. Let’s suppose you want to spend $70K on average over the rest of your life, excluding mortgage payments.

Then your planned lifetime future non-mortgage spending comes to (90-30) x $70K = $4.2 million. Your planned lifetime future net earnings comes to (60-30) x $150K = $4.5 million. That leaves $300K for lifetime house purchases and any other unexpected little things that come up. If you have to plan on spending more than 50% of that residual number for a home, whatever it is for you, then you probably are relying on getting back a lot of it, so it has become an investment for you.

My guess is that at current So Ca prices, almost every first-time buyer is, by this measure, primarily a (hopeful) investor more than someone looking for shelter. Rentals already provide for the shelter need.

I hinted at all this, and more, in my other posts, but I hope this explains it better. If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money. Why bother waiting to save that last $100K in purchase price when you’re sitting on cumulative lifetime gains of many times that?

It’s just not the same for people who don’t have those massive gains, and have much poorer prospects for repeating your success. Or do you subscribe to the theory that home prices can, after blips here and there, exceed wage growth forever, as they have recently?

Patient renter in OC

[patientrenter]

Raybyrnes, I wasn’t clear in explaining why most first-time buyers now have to consider their home as a major investment as well as a home, and need to time the purchase. Let me give it another shot.

Let’s say you are 30, and are settling into your career, planning to save, settle down, etc. You feel the need to start planning for the rest of your life. Let’s suppose you plan to work until you are 60, and save enough to live on until you are 90. What are your housing options?

Let’s make up some numbers for earnings and spending. S’pose you expect to average $250K annual h’hold earnings over your working lifetime. Call that $150K after tax etc. Let’s suppose you want to spend $70K on average over the rest of your life, excluding mortgage payments.

Then your planned lifetime future non-mortgage spending comes to (90-30) x $70K = $4.2 million. Your planned lifetime future net earnings comes to (60-30) x $150K = $4.5 million. That leaves $300K for lifetime house purchases and any other unexpected little things that come up. If you have to plan on spending more than 50% of that residual number for a home, whatever it is for you, then you probably are relying on getting back a lot of it, so it has become an investment for you.

My guess is that at current So Ca prices, almost every first-time buyer is, by this measure, primarily a (hopeful) investor more than someone looking for shelter. Rentals already provide for the shelter need.

I hinted at all this, and more, in my other posts, but I hope this explains it better. If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money. Why bother waiting to save that last $100K in purchase price when you’re sitting on cumulative lifetime gains of many times that?

It’s just not the same for people who don’t have those massive gains, and have much poorer prospects for repeating your success. Or do you subscribe to the theory that home prices can, after blips here and there, exceed wage growth forever, as they have recently?

Patient renter in OC

[patientrenter]

Raybyrnes, I wasn’t clear in explaining why most first-time buyers now have to consider their home as a major investment as well as a home, and need to time the purchase. Let me give it another shot.

Let’s say you are 30, and are settling into your career, planning to save, settle down, etc. You feel the need to start planning for the rest of your life. Let’s suppose you plan to work until you are 60, and save enough to live on until you are 90. What are your housing options?

Let’s make up some numbers for earnings and spending. S’pose you expect to average $250K annual h’hold earnings over your working lifetime. Call that $150K after tax etc. Let’s suppose you want to spend $70K on average over the rest of your life, excluding mortgage payments.

Then your planned lifetime future non-mortgage spending comes to (90-30) x $70K = $4.2 million. Your planned lifetime future net earnings comes to (60-30) x $150K = $4.5 million. That leaves $300K for lifetime house purchases and any other unexpected little things that come up. If you have to plan on spending more than 50% of that residual number for a home, whatever it is for you, then you probably are relying on getting back a lot of it, so it has become an investment for you.

My guess is that at current So Ca prices, almost every first-time buyer is, by this measure, primarily a (hopeful) investor more than someone looking for shelter. Rentals already provide for the shelter need.

I hinted at all this, and more, in my other posts, but I hope this explains it better. If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money. Why bother waiting to save that last $100K in purchase price when you’re sitting on cumulative lifetime gains of many times that?

It’s just not the same for people who don’t have those massive gains, and have much poorer prospects for repeating your success. Or do you subscribe to the theory that home prices can, after blips here and there, exceed wage growth forever, as they have recently?

Patient renter in OC

[patientrenter]

Raybyrnes, I wasn’t clear in explaining why most first-time buyers now have to consider their home as a major investment as well as a home, and need to time the purchase. Let me give it another shot.

Let’s say you are 30, and are settling into your career, planning to save, settle down, etc. You feel the need to start planning for the rest of your life. Let’s suppose you plan to work until you are 60, and save enough to live on until you are 90. What are your housing options?

Let’s make up some numbers for earnings and spending. S’pose you expect to average $250K annual h’hold earnings over your working lifetime. Call that $150K after tax etc. Let’s suppose you want to spend $70K on average over the rest of your life, excluding mortgage payments.

Then your planned lifetime future non-mortgage spending comes to (90-30) x $70K = $4.2 million. Your planned lifetime future net earnings comes to (60-30) x $150K = $4.5 million. That leaves $300K for lifetime house purchases and any other unexpected little things that come up. If you have to plan on spending more than 50% of that residual number for a home, whatever it is for you, then you probably are relying on getting back a lot of it, so it has become an investment for you.

My guess is that at current So Ca prices, almost every first-time buyer is, by this measure, primarily a (hopeful) investor more than someone looking for shelter. Rentals already provide for the shelter need.

I hinted at all this, and more, in my other posts, but I hope this explains it better. If I had to guess, you fall into the group of people I described in my other post who have huge gains from prior purchases, so buying at today’s prices for you feels like paying with Monopoly money. Why bother waiting to save that last $100K in purchase price when you’re sitting on cumulative lifetime gains of many times that?

It’s just not the same for people who don’t have those massive gains, and have much poorer prospects for repeating your success. Or do you subscribe to the theory that home prices can, after blips here and there, exceed wage growth forever, as they have recently?

Patient renter in OC

[Raybyrnes]

New_Renter

“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”

I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.

With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.

What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.

With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.

[Raybyrnes]

New_Renter

“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”

I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.

With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.

What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.

With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.

[Raybyrnes]

New_Renter

“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”

I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.

With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.

What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.

With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.

[Raybyrnes]

New_Renter

“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”

I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.

With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.

What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.

With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.

[New_Renter]

Rayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?

2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.

I am fine with agreeing to disagree.

[New_Renter]

Rayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?

2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.

I am fine with agreeing to disagree.

[New_Renter]

Rayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?

2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.

I am fine with agreeing to disagree.

[New_Renter]

Rayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?

2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.

I am fine with agreeing to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Ex-SD]

Oh, trust me……….he’s still here. He’s either watching this thread (and others) and/or he’s assumed another identity and is or will be posting under the new name. Remember……..he posted under a couple of other screen names before coming up with OP. My take on Mr. OP is that he’s rapidly going upside down on a couple of his properties so he’s angry and looking for a place to vent. Then, we know that he has that POS rental that he rents out to groups of college kids and you know that has to be fun each month when you have to chase them for the rent. He was enjoyable in a black-humor sort of sense and I kinda hate to see him rush off with his tail between his legs…………..but then, he’s reading this and I’m sure he will be posting soon under one name or another.

[Ex-SD]

Oh, trust me……….he’s still here. He’s either watching this thread (and others) and/or he’s assumed another identity and is or will be posting under the new name. Remember……..he posted under a couple of other screen names before coming up with OP. My take on Mr. OP is that he’s rapidly going upside down on a couple of his properties so he’s angry and looking for a place to vent. Then, we know that he has that POS rental that he rents out to groups of college kids and you know that has to be fun each month when you have to chase them for the rent. He was enjoyable in a black-humor sort of sense and I kinda hate to see him rush off with his tail between his legs…………..but then, he’s reading this and I’m sure he will be posting soon under one name or another.

[Ex-SD]

Oh, trust me……….he’s still here. He’s either watching this thread (and others) and/or he’s assumed another identity and is or will be posting under the new name. Remember……..he posted under a couple of other screen names before coming up with OP. My take on Mr. OP is that he’s rapidly going upside down on a couple of his properties so he’s angry and looking for a place to vent. Then, we know that he has that POS rental that he rents out to groups of college kids and you know that has to be fun each month when you have to chase them for the rent. He was enjoyable in a black-humor sort of sense and I kinda hate to see him rush off with his tail between his legs…………..but then, he’s reading this and I’m sure he will be posting soon under one name or another.

[Ex-SD]

Oh, trust me……….he’s still here. He’s either watching this thread (and others) and/or he’s assumed another identity and is or will be posting under the new name. Remember……..he posted under a couple of other screen names before coming up with OP. My take on Mr. OP is that he’s rapidly going upside down on a couple of his properties so he’s angry and looking for a place to vent. Then, we know that he has that POS rental that he rents out to groups of college kids and you know that has to be fun each month when you have to chase them for the rent. He was enjoyable in a black-humor sort of sense and I kinda hate to see him rush off with his tail between his legs…………..but then, he’s reading this and I’m sure he will be posting soon under one name or another.

[CBad]

And this little piggy cried wee wee wee wee all the way home…

Why do people write goodbye speeches on forums? Just leave; you don’t have to explain why. Except that you enjoy coming back on and reading responses to your goodbye speech.

And why does the troll avatar have two right feet?

[CBad]

And this little piggy cried wee wee wee wee all the way home…

Why do people write goodbye speeches on forums? Just leave; you don’t have to explain why. Except that you enjoy coming back on and reading responses to your goodbye speech.

And why does the troll avatar have two right feet?

[CBad]

And this little piggy cried wee wee wee wee all the way home…

Why do people write goodbye speeches on forums? Just leave; you don’t have to explain why. Except that you enjoy coming back on and reading responses to your goodbye speech.

And why does the troll avatar have two right feet?

[CBad]

And this little piggy cried wee wee wee wee all the way home…

Why do people write goodbye speeches on forums? Just leave; you don’t have to explain why. Except that you enjoy coming back on and reading responses to your goodbye speech.

And why does the troll avatar have two right feet?

[Borat]

And once again for “little lady” —

Buh-bye.

[Borat]

And once again for “little lady” —

Buh-bye.

[Borat]

And once again for “little lady” —

Buh-bye.

[Borat]

And once again for “little lady” —

Buh-bye.

[Coronita]

"Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I'll check back later to see if anything worthwhile pops up. "

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

Little Lady.

Ok ok. You win. Despite how basic math proves proves it's virtually impossible to go from Santee to LJ in 15minutes while drive at a sane speed, you win….. You have a Lotus, and you paid the CHP through the 11-99 foundation so they don't stop you when you make your daily 15minutes run between Santee and LJ. Geesh, just because some of us have basic math skills, you don't need to get all worked up about it.

Besides, aren't you yourself a renter???? Weren't you the one gloating over your neighbor about how screwed their going to get by overspending on their home, giving your hubby the high-5 all during while san diego was on fire? I remember that thread. Because it stuck out There are people who are bitter. And then again their are people just plain mean.

 

But why do you depend on blogs for information? Next thing your going to say is that you get investment tips from the yahoo finance message boards.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I'll check back later to see if anything worthwhile pops up. "

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

Little Lady.

Ok ok. You win. Despite how basic math proves proves it's virtually impossible to go from Santee to LJ in 15minutes while drive at a sane speed, you win….. You have a Lotus, and you paid the CHP through the 11-99 foundation so they don't stop you when you make your daily 15minutes run between Santee and LJ. Geesh, just because some of us have basic math skills, you don't need to get all worked up about it.

Besides, aren't you yourself a renter???? Weren't you the one gloating over your neighbor about how screwed their going to get by overspending on their home, giving your hubby the high-5 all during while san diego was on fire? I remember that thread. Because it stuck out There are people who are bitter. And then again their are people just plain mean.

 

But why do you depend on blogs for information? Next thing your going to say is that you get investment tips from the yahoo finance message boards.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I'll check back later to see if anything worthwhile pops up. "

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

Little Lady.

Ok ok. You win. Despite how basic math proves proves it's virtually impossible to go from Santee to LJ in 15minutes while drive at a sane speed, you win….. You have a Lotus, and you paid the CHP through the 11-99 foundation so they don't stop you when you make your daily 15minutes run between Santee and LJ. Geesh, just because some of us have basic math skills, you don't need to get all worked up about it.

Besides, aren't you yourself a renter???? Weren't you the one gloating over your neighbor about how screwed their going to get by overspending on their home, giving your hubby the high-5 all during while san diego was on fire? I remember that thread. Because it stuck out There are people who are bitter. And then again their are people just plain mean.

 

But why do you depend on blogs for information? Next thing your going to say is that you get investment tips from the yahoo finance message boards.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I'll check back later to see if anything worthwhile pops up. "

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

Little Lady.

Ok ok. You win. Despite how basic math proves proves it's virtually impossible to go from Santee to LJ in 15minutes while drive at a sane speed, you win….. You have a Lotus, and you paid the CHP through the 11-99 foundation so they don't stop you when you make your daily 15minutes run between Santee and LJ. Geesh, just because some of us have basic math skills, you don't need to get all worked up about it.

Besides, aren't you yourself a renter???? Weren't you the one gloating over your neighbor about how screwed their going to get by overspending on their home, giving your hubby the high-5 all during while san diego was on fire? I remember that thread. Because it stuck out There are people who are bitter. And then again their are people just plain mean.

 

But why do you depend on blogs for information? Next thing your going to say is that you get investment tips from the yahoo finance message boards.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I'll check back later to see if anything worthwhile pops up. "

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

Little Lady.

Ok ok. You win. Despite how basic math proves proves it's virtually impossible to go from Santee to LJ in 15minutes while drive at a sane speed, you win….. You have a Lotus, and you paid the CHP through the 11-99 foundation so they don't stop you when you make your daily 15minutes run between Santee and LJ. Geesh, just because some of us have basic math skills, you don't need to get all worked up about it.

Besides, aren't you yourself a renter???? Weren't you the one gloating over your neighbor about how screwed their going to get by overspending on their home, giving your hubby the high-5 all during while san diego was on fire? I remember that thread. Because it stuck out There are people who are bitter. And then again their are people just plain mean.

 

But why do you depend on blogs for information? Next thing your going to say is that you get investment tips from the yahoo finance message boards.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[little lady]

“Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I’ll check back later to see if anything worthwhile pops up. ”

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

[little lady]

“Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I’ll check back later to see if anything worthwhile pops up. ”

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

[little lady]

“Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I’ll check back later to see if anything worthwhile pops up. ”

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

[little lady]

“Numbers oriented, mostly bitter, engineers. I must say goodbye, at least for a while, as the last week or so of threads has been an utter waste of time. I’ll check back later to see if anything worthwhile pops up. ”

I said to myself, the same thing! Nothing new, no more insight into what lies ahead, just alot of nonsense of a 70% deprication, RIDICULOUS!

Most folks here also, are very like minded in where they want to live and or their political beliefs. So they attack anyone who has a different opinion. (Sometimes just for fun because they have nothing better to do than blog on piggington) They feel they have an opinion on realestate,and that makes them experts on every topic. When they have no actual experience in what their writing about……..

Still, I check…….every once in a while there is something I can take away…..but I am more often finding other blogs much more informative…….disagree with alot less venom…….

[Anonymous]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO’s signature picture? It’s looks like how I feel 🙂

Flu, you’re much too sweet for that avatar. Choose another one. 🙂

Keep it if you like. Why not?

[Anonymous]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO’s signature picture? It’s looks like how I feel 🙂

Flu, you’re much too sweet for that avatar. Choose another one. 🙂

Keep it if you like. Why not?

[Anonymous]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO’s signature picture? It’s looks like how I feel 🙂

Flu, you’re much too sweet for that avatar. Choose another one. 🙂

Keep it if you like. Why not?

[Anonymous]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO’s signature picture? It’s looks like how I feel 🙂

Flu, you’re much too sweet for that avatar. Choose another one. 🙂

Keep it if you like. Why not?

[Anonymous]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO’s signature picture? It’s looks like how I feel 🙂

Flu, you’re much too sweet for that avatar. Choose another one. 🙂

Keep it if you like. Why not?

[Coronita]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO's signature picture? It's looks like how I feel 🙂

[img_assist|nid=5962|title=|desc=|link=node|align=left|width=100|height=80]

 

 

[Coronita]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO's signature picture? It's looks like how I feel 🙂

[img_assist|nid=5962|title=|desc=|link=node|align=left|width=100|height=80]

 

 

[Coronita]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO's signature picture? It's looks like how I feel 🙂

[img_assist|nid=5962|title=|desc=|link=node|align=left|width=100|height=80]

 

 

[Coronita]

OT: Now that RO is officially not coming back. Would anyone mind if i steal RO's signature picture? It's looks like how I feel 🙂

[img_assist|nid=5962|title=|desc=|link=node|align=left|width=100|height=80]

 

 

[Anonymous]

cheerio !

[Anonymous]

cheerio !

[Anonymous]

cheerio !

[Anonymous]

cheerio !

[Anonymous]

cheerio !

[patientrenter]

RO was an interesting species. Successful sales people are distinguished by their ability to push people into doing what they wouldn’t do naturally. And RO’s taunting of anyone who is cautious about buying, trying to get them to declare that they really did want to buy now, in order to win his approval, reeked of the salesman’s instinctive “closing the deal” moves.

I can’t recall RO contributing much apart from this kind of salesman move, which on Piggington is just a provocation.

I’d like to see a more analytical bullish contributor here. It does get tiresome when any “on the other hand” comment gets ripped apart by an emotional “are you in the pack or not” response. We can’t sharpen our vision of the present or future if we don’t have a calm, intelligent, two-sided dialog.

Patient renter in OC

[patientrenter]

RO was an interesting species. Successful sales people are distinguished by their ability to push people into doing what they wouldn’t do naturally. And RO’s taunting of anyone who is cautious about buying, trying to get them to declare that they really did want to buy now, in order to win his approval, reeked of the salesman’s instinctive “closing the deal” moves.

I can’t recall RO contributing much apart from this kind of salesman move, which on Piggington is just a provocation.

I’d like to see a more analytical bullish contributor here. It does get tiresome when any “on the other hand” comment gets ripped apart by an emotional “are you in the pack or not” response. We can’t sharpen our vision of the present or future if we don’t have a calm, intelligent, two-sided dialog.

Patient renter in OC

[patientrenter]

RO was an interesting species. Successful sales people are distinguished by their ability to push people into doing what they wouldn’t do naturally. And RO’s taunting of anyone who is cautious about buying, trying to get them to declare that they really did want to buy now, in order to win his approval, reeked of the salesman’s instinctive “closing the deal” moves.

I can’t recall RO contributing much apart from this kind of salesman move, which on Piggington is just a provocation.

I’d like to see a more analytical bullish contributor here. It does get tiresome when any “on the other hand” comment gets ripped apart by an emotional “are you in the pack or not” response. We can’t sharpen our vision of the present or future if we don’t have a calm, intelligent, two-sided dialog.

Patient renter in OC

[patientrenter]

RO was an interesting species. Successful sales people are distinguished by their ability to push people into doing what they wouldn’t do naturally. And RO’s taunting of anyone who is cautious about buying, trying to get them to declare that they really did want to buy now, in order to win his approval, reeked of the salesman’s instinctive “closing the deal” moves.

I can’t recall RO contributing much apart from this kind of salesman move, which on Piggington is just a provocation.

I’d like to see a more analytical bullish contributor here. It does get tiresome when any “on the other hand” comment gets ripped apart by an emotional “are you in the pack or not” response. We can’t sharpen our vision of the present or future if we don’t have a calm, intelligent, two-sided dialog.

Patient renter in OC

[patientrenter]

RO was an interesting species. Successful sales people are distinguished by their ability to push people into doing what they wouldn’t do naturally. And RO’s taunting of anyone who is cautious about buying, trying to get them to declare that they really did want to buy now, in order to win his approval, reeked of the salesman’s instinctive “closing the deal” moves.

I can’t recall RO contributing much apart from this kind of salesman move, which on Piggington is just a provocation.

I’d like to see a more analytical bullish contributor here. It does get tiresome when any “on the other hand” comment gets ripped apart by an emotional “are you in the pack or not” response. We can’t sharpen our vision of the present or future if we don’t have a calm, intelligent, two-sided dialog.

Patient renter in OC

[bubble_contagion]

“Numbers oriented, mostly bitter, engineers” are a very objective group of people. I am sorry the picture we paint is not your liking.

[VoZangre]

vrOOM vROOM…

Thanks Fat and Lazy.. I’d wondered why that idiotic, self righteous tone was nauseatingly familiar….

little lady is the Santee Speedster!

jajajajajajajajajaja

Voz

[luxuryglow]

Voz,

You are funny!LOL!!!

Bye “Little Lady” rather…NEVER BEEN A LADY!!!!!

[luxuryglow]

Voz,

You are funny!LOL!!!

Bye “Little Lady” rather…NEVER BEEN A LADY!!!!!

[luxuryglow]

Voz,

You are funny!LOL!!!

Bye “Little Lady” rather…NEVER BEEN A LADY!!!!!

[luxuryglow]

Voz,

You are funny!LOL!!!

Bye “Little Lady” rather…NEVER BEEN A LADY!!!!!

[luxuryglow]

Voz,

You are funny!LOL!!!

Bye “Little Lady” rather…NEVER BEEN A LADY!!!!!

[VoZangre]

vrOOM vROOM…

Thanks Fat and Lazy.. I’d wondered why that idiotic, self righteous tone was nauseatingly familiar….

little lady is the Santee Speedster!

jajajajajajajajajaja

Voz

[VoZangre]

vrOOM vROOM…

Thanks Fat and Lazy.. I’d wondered why that idiotic, self righteous tone was nauseatingly familiar….

little lady is the Santee Speedster!

jajajajajajajajajaja

Voz

[VoZangre]

vrOOM vROOM…

Thanks Fat and Lazy.. I’d wondered why that idiotic, self righteous tone was nauseatingly familiar….

little lady is the Santee Speedster!

jajajajajajajajajaja

Voz

[VoZangre]

vrOOM vROOM…

Thanks Fat and Lazy.. I’d wondered why that idiotic, self righteous tone was nauseatingly familiar….

little lady is the Santee Speedster!

jajajajajajajajajaja

Voz

[bubble_contagion]

“Numbers oriented, mostly bitter, engineers” are a very objective group of people. I am sorry the picture we paint is not your liking.

[bubble_contagion]

“Numbers oriented, mostly bitter, engineers” are a very objective group of people. I am sorry the picture we paint is not your liking.

[bubble_contagion]

“Numbers oriented, mostly bitter, engineers” are a very objective group of people. I am sorry the picture we paint is not your liking.

[bubble_contagion]

“Numbers oriented, mostly bitter, engineers” are a very objective group of people. I am sorry the picture we paint is not your liking.

[bubba99]

“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”

I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.

Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.

[bubba99]

“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”

I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.

Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.

[bubba99]

“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”

I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.

Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.

[bubba99]

“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”

I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.

Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.

[bubba99]

“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”

I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.

Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.

[eccen in esc]

eccen in esc
Goodbye RO, and could you take Marion and her Mice with you.

Happy Piggy

ps, don’t eat pork – it’s cannibalism

[eccen in esc]

eccen in esc
Goodbye RO, and could you take Marion and her Mice with you.

Happy Piggy

ps, don’t eat pork – it’s cannibalism

[eccen in esc]

eccen in esc
Goodbye RO, and could you take Marion and her Mice with you.

Happy Piggy

ps, don’t eat pork – it’s cannibalism

[eccen in esc]

eccen in esc
Goodbye RO, and could you take Marion and her Mice with you.

Happy Piggy

ps, don’t eat pork – it’s cannibalism

[eccen in esc]

eccen in esc
Goodbye RO, and could you take Marion and her Mice with you.

Happy Piggy

ps, don’t eat pork – it’s cannibalism

[Author]

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