- This topic has 215 replies, 23 voices, and was last updated 12 years, 8 months ago by
briansd1.
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March 6, 2012 at 11:05 AM #739371March 6, 2012 at 11:08 AM #739373
bearishgurl
Participant[quote=pri_dk][quote=bearishgurl]The Piggs want to be able to “analyze” these “nuances” to decide for themselves whether your client’s “nuances” are any more legitimate or “worthy” than the rest of our “nuances.”[/quote]
Nah, we don’t.[/quote]
I take it you’re speaking for yourself??
March 6, 2012 at 11:11 AM #739374Anonymous
Guest[quote=bearishgurl][quote=pri_dk][quote=bearishgurl]The Piggs want to be able to “analyze” these “nuances” to decide for themselves whether your client’s “nuances” are any more legitimate or “worthy” than the rest of our “nuances.”[/quote]
Nah, we don’t.[/quote]
I take it you’re speaking for yourself??[/quote]
No.
But you are.
March 6, 2012 at 11:14 AM #739377Participant[quote=pri_dk][quote=bearishgurl][quote=pri_dk][quote=bearishgurl]The Piggs want to be able to “analyze” these “nuances” to decide for themselves whether your client’s “nuances” are any more legitimate or “worthy” than the rest of our “nuances.”[/quote]
Nah, we don’t.[/quote]
I take it you’re speaking for yourself??[/quote]
No.
But you are.[/quote]
Who else, then, are you “speaking for” here besides yourself, pri-dk?
March 6, 2012 at 11:20 AM #739380briansd1
Guest[quote=flu]
Just curious…Have you been looking/purchasing downtown yet? If so, what does it look like down there right now?[/quote]I’m fine with renting downtown. I’m not really interested in buying anymore because of high HOA fees. For a nice condo, HOA + property taxes equates to like $1,800 in monthly charges. I have dreams of living like a hobo one day (see walter’s thread) so I don’t really want to commit to that kind of lifestyle.
I think better to buy a house near downtown and fix it up.
But to answer your question, I believe that nearly all the downtown condos will turnover before all is said and done. Few boom-time buyer will be left unscathed. It’s only a matter of time.
March 6, 2012 at 11:26 AM #739384Guest[quote=flu]
I would generally agree with this…However, I have not seen a general mass exodus yet in some of these communities just yet… Well at least not in the Derby Hills/Saratoga communities I’m eying in C.V. (excuse me, north county C.V.) …
[/quote]Because it’s hard to find equivalent rentals there for less. Apparently not so difficult in Temecula.
Maybe in the professional circles of CV, walking away is more of a stigma.
You said before that Asians don’t walk away… and I made light of it. But I think that you’re correct in many ways…
March 6, 2012 at 11:33 AM #739387Guest[quote=bearishgurl][quote=pri_dk][quote=bearishgurl][quote=pri_dk][quote=bearishgurl]The Piggs want to be able to “analyze” these “nuances” to decide for themselves whether your client’s “nuances” are any more legitimate or “worthy” than the rest of our “nuances.”[/quote]
Nah, we don’t.[/quote]
I take it you’re speaking for yourself??[/quote]
No.
But you are.[/quote]
Who else, then, are you “speaking for” here besides yourself, pri-dk?[/quote]
You are trying drag your personal spat with sdr into this thread. I’m quite certain most don’t want that (except perhaps for the comedy value that your posts provide once you get started…)
March 6, 2012 at 11:38 AM #739389sdrealtor
ParticipantThere is no spat when one party is perfectly content ignoring the insanity of the other.
March 6, 2012 at 11:44 AM #739390Participant[quote=briansd1][quote=flu]
I would generally agree with this…However, I have not seen a general mass exodus yet in some of these communities just yet… Well at least not in the Derby Hills/Saratoga communities I’m eying in C.V. (excuse me, north county C.V.) …
[/quote]Because it’s hard to find equivalent rentals there for less. Apparently not so difficult in Temecula.
Maybe in the professional circles of CV, walking away is more of a stigma.
You said before that Asians don’t walk away… and I made light of it. But I think that you’re correct in many ways…[/quote]
Brian this was one of my point and its not just Asians. There is alot more social pressure to keep up appearances in upper middle class and upper class communities decreasing the likelihood of walking away there.
OK, so this is the time someone will jump in with a B&W explanation that eventually they will all walk or that they either hang in or give up with no gray area in between.
How about this. (snark on) I’m rich, your poor. I’m a genius, you’re a moron. Its either or in every case. No one is in the middle of the wealth or intelligence spectrum. There are only extremes in this world. (snark off)Talk amongst yourselves.
March 6, 2012 at 11:51 AM #739391Guest[quote=sdrealtor]There is no spat when one party is perfectly content ignoring the insanity of the other.[/quote]
You have definitely taken the higher ground.
But she provides more comedy.
March 6, 2012 at 12:06 PM #739392Participant[quote=pri_dk]. . . You are trying drag your personal spat with sdr into this thread. I’m quite certain most don’t want that (except perhaps for the comedy value that your posts provide once you get started…)[/quote]
pri_dk, your comment is ludicrous since I am presumably on sdr’s “ignore list,” lol. As it should be.
On occasion, I find the often sugar-coated BS that sdr puts out mildly entertaining. Of course, his “well-employed” clients (with cleaner sewers than the rest of us) have “nuanced” reasons for not paying their bills when they are so “well-positioned” to pay them. That is, after they’ve already extracted their downpayments and then some from their property (rendering it underwater thru their own actions). When that is successfully accomplished, a passel of “realtors” (such as sdr) show up at their door (invited) and save the day with a SS proposition! Realtors, new lenders and all other affiliated svc cos are the only persons making money off these “pea-brains” and the defaulted-upon lenders often go along with the program.
I totally blame the lenders for not foreclosing. The “pea-brains” and their “realtors” are simply “working the system” for their own enrichment until the lenders get wise to it and foreclose en masse.
Every Pigg has to admit that NONE of these lenders are “over a barrel.” In CA, they had the option to foreclose at the 111th day or 141st day of original default and they have that option now. Instead, they let the trustor squat and the debt grow month by month until it is insurmountable for all parties.
The above scenario is absolutely disgusting to honest homeowners who had a lot of “equity” until the opportunists were allowed to take over the direction of the market (in most markets) created mass undervaluation.
The problem affects millions of homeowners across the board, even those who own their properties free and clear.
March 6, 2012 at 12:14 PM #739395Participantdupe
March 6, 2012 at 12:35 PM #739398Guest[quote=sdrealtor]
Brian this was one of my point and its not just Asians. There is alot more social pressure to keep up appearances in upper middle class and upper class communities decreasing the likelihood of walking away there.
OK, so this is the time someone will jump in with a B&W explanation that eventually they will all walk or that they either hang in or give up with no gray area in between.[/quote]
I agree that there are plenty of nuances, especially in the short term.
You said before, and I agree, that during the boom, the higher-end did not experience the high appreciation percentages of the low-end. So the higher-end is declining less today.
I think that generally people think of real estate in nominal dollar terms.
To see the declines at the higher-end, it’s more useful to look at inflation adjusted prices and compare them to the period before the real estate bubble.
March 6, 2012 at 1:00 PM #739403Participantagreed on all points Brian
March 6, 2012 at 4:13 PM #739426GuestYou may not like the situation, but it is what it is.
BG, here’s an article for you to get all riled-up about. Be careful because God is involved also.
5 years in a million dollar house without making a payment.
http://www.washingtonpost.com/local/a-million-dollar-mortgage-goes-unpaid-for-years-while-couple-fights-foreclosure/2012/03/01/gIQAb4DBpR_story.html -
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