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  • August 17, 2009 at 10:50 AM #16198
    dbapig
    Participant

    http://www.latimes.com/business/la-fi-bubble-timers17-2009aug17,0,6997492.story

    Few interesting excerpts:
    1 of 2
    “Mark Kiesel saw the real estate crash coming.

    Kiesel, a managing director at investment firm Pimco, wasn’t alone in his 2006 warning of a looming housing market meltdown. But he was among the few who put his money — in his case, a lot of it — where his mouth was.

    Kiesel and his wife, Amy, sold their Newport Beach house in the summer of 2006 for 20% more than they had paid and moved into an apartment one-fifth the size.
    …
    We’re not there yet,” Kiesel said, referring to the bottom in housing prices. “I plan to buy when I can get a place for 50 cents on the dollar” compared with the market peak, he said.”

    2 of 2
    “Nobel laureate and Princeton University economist Paul Krugman and his economist wife, Robin Wells, bought a $1.7-million Manhattan apartment this month. The New York residence had earlier been listed for close to $2.5 million.”

    I feel good about the possibility of me getting a place for 50 cents on the dollar.

    August 17, 2009 at 11:03 AM #445568
    an
    Participant

    50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.

    August 17, 2009 at 11:03 AM #445759
    an
    Participant

    50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.

    August 17, 2009 at 11:03 AM #446099
    an
    Participant

    50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.

    August 17, 2009 at 11:03 AM #446170
    an
    Participant

    50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.

    August 17, 2009 at 11:03 AM #446351
    an
    Participant

    50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.

    August 17, 2009 at 11:54 AM #445613
    dbapig
    Participant

    [quote=AN]50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.[/quote]

    That’s awesome. Looks like it was sold on 12/31/1990 for $495,000

    If we go back to 1990’s pricing it’s possible.

    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…

    August 17, 2009 at 11:54 AM #445804
    dbapig
    Participant

    [quote=AN]50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.[/quote]

    That’s awesome. Looks like it was sold on 12/31/1990 for $495,000

    If we go back to 1990’s pricing it’s possible.

    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…

    August 17, 2009 at 11:54 AM #446144
    dbapig
    Participant

    [quote=AN]50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.[/quote]

    That’s awesome. Looks like it was sold on 12/31/1990 for $495,000

    If we go back to 1990’s pricing it’s possible.

    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…

    August 17, 2009 at 11:54 AM #446215
    dbapig
    Participant

    [quote=AN]50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.[/quote]

    That’s awesome. Looks like it was sold on 12/31/1990 for $495,000

    If we go back to 1990’s pricing it’s possible.

    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…

    August 17, 2009 at 11:54 AM #446396
    dbapig
    Participant

    [quote=AN]50 cents on the dollar sounds great. I’d love to pick this one(http://www.sdlookup.com/MLS-090028940-12848_Harwick_Ln_San_Diego_CA_92130) up for 50 cents on the dollar.[/quote]

    That’s awesome. Looks like it was sold on 12/31/1990 for $495,000

    If we go back to 1990’s pricing it’s possible.

    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…

    August 17, 2009 at 12:16 PM #445623
    Eugene
    Participant

    [quote=dbapig]
    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…[/quote]

    Owners of that house are former realtors. David Meunier, age 50, license# 01330998 (issued 02/26/02, expired 02/25/06), and Isabel Meunier, age 43, license# 01303201 (issued 01/24/01, expired 01/23/09). Neither one is employed as a real estate agent at the present time.

    August 17, 2009 at 12:16 PM #445814
    Eugene
    Participant

    [quote=dbapig]
    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…[/quote]

    Owners of that house are former realtors. David Meunier, age 50, license# 01330998 (issued 02/26/02, expired 02/25/06), and Isabel Meunier, age 43, license# 01303201 (issued 01/24/01, expired 01/23/09). Neither one is employed as a real estate agent at the present time.

    August 17, 2009 at 12:16 PM #446154
    Eugene
    Participant

    [quote=dbapig]
    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…[/quote]

    Owners of that house are former realtors. David Meunier, age 50, license# 01330998 (issued 02/26/02, expired 02/25/06), and Isabel Meunier, age 43, license# 01303201 (issued 01/24/01, expired 01/23/09). Neither one is employed as a real estate agent at the present time.

    August 17, 2009 at 12:16 PM #446225
    Eugene
    Participant

    [quote=dbapig]
    2 questions

    What do you do to make enough $$ to live like that?

    And it boggles my mind that people who make $ to live like that still think they don’t have enough… (aka wall street)

    both rhetorical questions…[/quote]

    Owners of that house are former realtors. David Meunier, age 50, license# 01330998 (issued 02/26/02, expired 02/25/06), and Isabel Meunier, age 43, license# 01303201 (issued 01/24/01, expired 01/23/09). Neither one is employed as a real estate agent at the present time.

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