August 11, 2006 at 1:11 PM #7178
Certainly everyone who visits these forum topics has that ONE GUY in mind…you know, the guy who paid WAY TOO MUCH for his house in the neighborhood you’d like to buy in, thereby establishing the highest comps ever and delaying your ability to buy.
My GUY paid $975,000 for a 2707 sqft nicely appointed sh%tbox in Rancho Bernardo in June of 2005. The neighborhood has many homes for sale now, ALL of them sitting, except for one 2800+ sqft home that appears to have just sold for $812,000. Zillow says his house is now worth $873,000 so he is already 100K under water!!!
Long story short- I am looking for ideas of what to write on the inside of the greeting card I plan to send shortly, to congratulate him on being possibly the “greatest fool” our neighborhood WILL EVER KNOW.
Any ideas on a great card would be nice, too….are there any humorous greeting card websites out there that anyone can recommend?August 11, 2006 at 1:25 PM #31721North County JimParticipant
No offense intended but I think your idea is a bit on the sadistic side.August 11, 2006 at 1:28 PM #31722VCJIMParticipant
I agreee with NCJim (no relation to me); what is the point? Move on with your life and leave others alone.August 11, 2006 at 1:31 PM #31723ocrenterParticipant
he’ll know soon enough his mistakes, no one need to add salt to the wound.August 11, 2006 at 1:45 PM #31725
You guys are right…just trying to be funny, I suppose.
I do believe, however, that we do not need to be too sympathetic to anyone’s “mistakes” or “wounds”. After all, we are all free to make those same “mistakes” and I don’t think anyone else would be too sympathetic to plight born of our own stupidity.
Let’s not let political correctness get in the way of us being able to call an “idiot” an “idiot” going forward, either.
(I guess there’s a little bit of Surfer-X in me and I am certain there are few others who lurk here who feel the same way)
Thanks for sharing your opinions.August 11, 2006 at 2:37 PM #31734lamoneyguyParticipant
It’s not political correctness to feel sympathy when someone makes a mistake that puts them in a bad financial situation. It’s being human. Someone you know is going through a rough time, you say, “Sorry man, hope things get better for you.”August 11, 2006 at 2:39 PM #31735waiting hawkParticipant
no way… thats a great idea.August 11, 2006 at 3:04 PM #31741
Thanks waiting hawk. I was also thinking about organizing a “field trip” where a motor coach would take a group of us on a tour of some of the most forlorn bubble markets in Arizona, in order to gawk at the number of homes for sale. For fun, you know..
What about coordinating a bogus “investors trip” whereby we do a whirlwind tour of homes, pretend to be very excited and interested in buying from the f*cked flippers (getting them all in a lather), and then at the very end…..let them know that you’d like to share a business opportunity with them (some type of multi-level marketing scam) and leave quickly before you pee your pants laughing.
Yes, my wife thinks I am evil…and I can’t disagree.August 11, 2006 at 3:07 PM #31743powaysellerParticipant
Lendingbubbleco – Could you modify your idea to inform people of the mistake BEFORE they buy? ZipRealty has a Review feature now. Praise the home, and knock the price, i.e. this home is gorgeous, the neighborhood is wonderful, but the price is too high for this market.August 11, 2006 at 3:15 PM #31745Diego MamaniParticipant
Now, that’s constructive and non-sadistic!!August 11, 2006 at 3:23 PM #31746waiting hawkParticipant
hmm a tour bus with tons of people taking photos of over priced home that people bought would be great for a small documentary along with interviews of people mad of their ARM reseting. There is a ton of ideas for a good documentary.August 11, 2006 at 3:28 PM #31747
Of course, powayseller. And I have been telling people that it is stupid to buy since early 2003. Prior to that I owned a house and felt lucky to get out when I did.
We all know that you can’t save the American consumer from him/herself, however. They might listen to me about the house (NOW..not the last three years, though, as all those smug retards had their day, so they thought) but as all recovering crackheads eventually return to the pipe, all debt-crazy Americans will find their way to ruin themselves financially one way or the other.
BTW, powayseller- I have always enjoyed your posts. Mine always rub people the wrong way. As someone who is known for his ability to get things done, come hell or high water, my opinions may not be popular but my approach is often appreciated by those who benefit from it.
I post very infrequently, but I am truly enjoying seeing this whole thing “roll over”. (And with very little in the way of bad news causing it…I am encouraged that we will see drops of 50% happen more quickly than any of us thought imaginable.)August 11, 2006 at 3:37 PM #31751PerryChaseParticipant
Lendingbubble, I beleive that the tour you mentioned might be a good independent film project. Such a film might even make it on PBS or HBO.
I enjoy posts by people who have forceful opinions. Better than the politically correct stuff. Come on let’s have some humor here and laugh at ourselves and others.August 11, 2006 at 5:49 PM #31770PeaceParticipant
You haven’t seen anything until you see the crap neighborhood tract homes they slap together in Arizona! I suspect that there are going to be a lot of run-down rental areas in Metro-Phoenix.
Arizona is bankruptcy/renters’ heaven: we were advised to leave our house in Scottsdale vacant rather than rent it unless we were willing to risk having it trashed and lose a lot of money. Were there is a law in Arizona that protects renters who file for bankruptcy: if a renter files for bankruptcy they can not be evicted for a year and do not have to pay rent during that year. People have been known to move to Arizona for this reason.
Also, since were talking hundreds of homes that were bought by investors and were more in the $200-$300,000 range, it will be easier to turn these into rentals than property bought here in CAAugust 11, 2006 at 7:09 PM #31777carlislematthewParticipant
Lendingbubbleco – Could you modify your idea to inform people of the mistake BEFORE they buy? ZipRealty has a Review feature now. Praise the home, and knock the price, i.e. this home is gorgeous, the neighborhood is wonderful, but the price is too high for this market.
An honorable endeavor indeed. PS, what did the buyers of your overpriced home say when you recommended they not purchase it due to the impending collapse in prices?
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