Just wondering where all the “Bring it on people” are at

[SD Realtor]

Good response dude….

I want housing prices to come down as much as everyone else. Yet there is a hell of alot more on the table then just housing…. unfortunately.

Also the way out of this mess as you proposed is simplistic and while it is functional, in no way shape or form does this not apply to our government as well. Unfortunately the path that has been taken thus far and will apparently be continued by the next administration seems to be quite orthogonal to your proposal. It is one thing to be in a recession for a year or two. Another thing to be knocked on the ground for many years.

Anyways we will all be around to see what happens. I am in the bring it on camp as well but with a hell of alot trepidation, not anticipation.

[jpinpb]

[quote=carlsbadworker]
SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[/quote]

I am a saving Pigg and I think I screwed up and should’ve bought an overpriced house I couldn’t afford and lived there for free and saved my money. Wait for the bank/taxpayers to bail me out. Win/win. I’m beginning to think they were the smart ones.

[jpinpb]

[quote=carlsbadworker]
SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[/quote]

I am a saving Pigg and I think I screwed up and should’ve bought an overpriced house I couldn’t afford and lived there for free and saved my money. Wait for the bank/taxpayers to bail me out. Win/win. I’m beginning to think they were the smart ones.

[jpinpb]

[quote=carlsbadworker]
SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[/quote]

I am a saving Pigg and I think I screwed up and should’ve bought an overpriced house I couldn’t afford and lived there for free and saved my money. Wait for the bank/taxpayers to bail me out. Win/win. I’m beginning to think they were the smart ones.

[jpinpb]

[quote=carlsbadworker]
SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[/quote]

I am a saving Pigg and I think I screwed up and should’ve bought an overpriced house I couldn’t afford and lived there for free and saved my money. Wait for the bank/taxpayers to bail me out. Win/win. I’m beginning to think they were the smart ones.

[jpinpb]

[quote=carlsbadworker]
SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[/quote]

I am a saving Pigg and I think I screwed up and should’ve bought an overpriced house I couldn’t afford and lived there for free and saved my money. Wait for the bank/taxpayers to bail me out. Win/win. I’m beginning to think they were the smart ones.

[NotCranky]

You keep saying that JP and I just don’t get it. You end up with whatever you saved and they end up with a house with no equity, best case scenario, In most cases it isn’t going to be good and the good cases go to hell in a handbasket easily. If you were to go buy the house from them, with your savings at or near bottom -like pricing using all you faculties in a “buyers market”, you are better off than they are. What am I missing?

[NotCranky]

You keep saying that JP and I just don’t get it. You end up with whatever you saved and they end up with a house with no equity, best case scenario, In most cases it isn’t going to be good and the good cases go to hell in a handbasket easily. If you were to go buy the house from them, with your savings at or near bottom -like pricing using all you faculties in a “buyers market”, you are better off than they are. What am I missing?

[NotCranky]

You keep saying that JP and I just don’t get it. You end up with whatever you saved and they end up with a house with no equity, best case scenario, In most cases it isn’t going to be good and the good cases go to hell in a handbasket easily. If you were to go buy the house from them, with your savings at or near bottom -like pricing using all you faculties in a “buyers market”, you are better off than they are. What am I missing?

[NotCranky]

You keep saying that JP and I just don’t get it. You end up with whatever you saved and they end up with a house with no equity, best case scenario, In most cases it isn’t going to be good and the good cases go to hell in a handbasket easily. If you were to go buy the house from them, with your savings at or near bottom -like pricing using all you faculties in a “buyers market”, you are better off than they are. What am I missing?

[NotCranky]

You keep saying that JP and I just don’t get it. You end up with whatever you saved and they end up with a house with no equity, best case scenario, In most cases it isn’t going to be good and the good cases go to hell in a handbasket easily. If you were to go buy the house from them, with your savings at or near bottom -like pricing using all you faculties in a “buyers market”, you are better off than they are. What am I missing?

[zzz]

JP I’m along the lines of what Rustico said, I don’t get how you make out? How many people are really going to get flat out loan write downs? If you are getting a loan mod that extends your loan to 40 years, what does that get you? Apparently to even be considered for a loan mod, you have to be behind in payments. What does a years worth of nonpayment do to your credit?

[zzz]

JP I’m along the lines of what Rustico said, I don’t get how you make out? How many people are really going to get flat out loan write downs? If you are getting a loan mod that extends your loan to 40 years, what does that get you? Apparently to even be considered for a loan mod, you have to be behind in payments. What does a years worth of nonpayment do to your credit?

[zzz]

JP I’m along the lines of what Rustico said, I don’t get how you make out? How many people are really going to get flat out loan write downs? If you are getting a loan mod that extends your loan to 40 years, what does that get you? Apparently to even be considered for a loan mod, you have to be behind in payments. What does a years worth of nonpayment do to your credit?

[zzz]

JP I’m along the lines of what Rustico said, I don’t get how you make out? How many people are really going to get flat out loan write downs? If you are getting a loan mod that extends your loan to 40 years, what does that get you? Apparently to even be considered for a loan mod, you have to be behind in payments. What does a years worth of nonpayment do to your credit?

[Author]

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