How many times have you heard this one….

[no_such_reality]

I always think to myself,

You know what I was think to myself? If I didn’t sell the place I bought in 1999 because it was worth an insane amount, I wouldn’t be concern about any of this.

The other thing I think not so much to myself, if they bought before 2003 and didn’t HELOC themselves to death, they don’t have to think about it either.

Buying and selling homes have massive transaction costs.

[no_such_reality]

I always think to myself,

You know what I was think to myself? If I didn’t sell the place I bought in 1999 because it was worth an insane amount, I wouldn’t be concern about any of this.

The other thing I think not so much to myself, if they bought before 2003 and didn’t HELOC themselves to death, they don’t have to think about it either.

Buying and selling homes have massive transaction costs.

[SD Transplant]

I think the most common one that makes me laugh, goes like this: “I rather own than rent”…….and I always find myself wanting to reply: IT IS THE BANK THAT OWNS IT (stupid), YOU JUST KEEP THE NOTE PAYMENTS FOR 30 YEARS….then you call it “own it”.

[SD Transplant]

I think the most common one that makes me laugh, goes like this: “I rather own than rent”…….and I always find myself wanting to reply: IT IS THE BANK THAT OWNS IT (stupid), YOU JUST KEEP THE NOTE PAYMENTS FOR 30 YEARS….then you call it “own it”.

[DaCounselor]

“The other thing I think not so much to myself, if they bought before 2003 and didn’t HELOC themselves to death, they don’t have to think about it either.”
________________________

this is a fact, nsr, that is mostly ignored on this site. it’s more fun to talk about folks who may be losing sleep because they are upside down and about to lose their homes than talk about those who are doing just fine. i may be wrong but i suspect the latter outweigh the former by a large sum in SD.

of course this is a bear site so to expect much if any effort focused on those who have made a killing in real estate is unrealistic. i’m not being critical because i really like this site and most of the posters – it just is what it is. i don’t think anyone is kidding themselves and refusing to believe that a vast number of folks have been aboard the RE train and are way up now.

nevertheless, the bear in me does expect this downturn to continue, so those ’03 purchasers may be finding themselves in the on-deck circle.

[DaCounselor]

“The other thing I think not so much to myself, if they bought before 2003 and didn’t HELOC themselves to death, they don’t have to think about it either.”
________________________

this is a fact, nsr, that is mostly ignored on this site. it’s more fun to talk about folks who may be losing sleep because they are upside down and about to lose their homes than talk about those who are doing just fine. i may be wrong but i suspect the latter outweigh the former by a large sum in SD.

of course this is a bear site so to expect much if any effort focused on those who have made a killing in real estate is unrealistic. i’m not being critical because i really like this site and most of the posters – it just is what it is. i don’t think anyone is kidding themselves and refusing to believe that a vast number of folks have been aboard the RE train and are way up now.

nevertheless, the bear in me does expect this downturn to continue, so those ’03 purchasers may be finding themselves in the on-deck circle.

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