Most Reliable Housing Forecast?

[admin]

The whole thing would have been avoided if Rich had simply answered…

I love it. That’s right, it’s all my fault and you are blameless.

It could have also been avoided if you had a shred of tact or decorum. But I suppose I am wasting my time by trying to explain that to you yet again.

As celebrities are well aware, negative publicity is better than none.

What, are you the next Paris or Britney? This is an internet forum, not Hyde.

Keep telling yourself that, though, if you want to justify acting like a jerk.

Heck, some people might even accuse me and Rich, with Brooke as accomplice, for orchestrating this entire post to increase traffic to this site and increase anticipation of my own debut.

That you would suggest this shows just how delusional you are. Actually, this entire post shows how delusional you are but it was nice of you to compress it into a single sentence for those just joining. Although I suppose at this point many people ARE anticipating your much-heralded “debut” — not to visit your site, but to be spared nonsense like this on mine.

As for “lots of people thought powayseller was Rich in disguise,” it is my most fervent hope that this is another one of your fabrications.

[admin]

To everyone else, whom PS condescendingly refers to as “the boys” but whom a normal person would refer to as “people with social skills,” I thank you sincerely for your kind words of support.

[novice1027]

It’s good to see some things haven’t changed. I haven’t participated on this forum for awhile, but I see PS is still the same annoying, obnoxious, narrow focused person around, and this is coming from one of the “girls” on this site.
I hope she follows suit and goes one step too far and gets her priviledges yanked!
I would be forever grateful!

[Anonymous]

We’ve taken a wrong turn. I thought this thread was supposed to be about “timing the market”. Who cares who made what, or how much they made? Remember, past performance doesn’t guarentee future results.

I like the previous post that talked about the guy who bought one property every year, regardless of market conditions. Having a consistent investment plan and sticking to it pays off in the end, regardless if it’s stocks or real estate. Trying to time the market in either case is almost impossible.

The only timing device I feel can work effectively is to go against the flow. When “Mr. Average Joe” says that R.E. is a bad investment – then it’s time to buy. When “Mr. Average Joe” says R.E. or gold or stocks are a great investment – then it’s time to get the hell out.

In the meantime … stay diversified in your portfolio of investments.

[Dino]

Thanks Heavyduty for getting us back to the original topic. Regarding your suggested strategy,

“When ‘Mr. Average Joe’ says that R.E. is a bad investment – then it’s time to buy,”

I’m not so sure. It seems a lot of folks are skeptical of the market as it stands now. Are you suggesting now may be a good time to buy, then? If I thought the market were going to decline another 3% to 5%, I probably would. I could handle small short term losses, but according to Rich’s November articles in the Voice, we could be headed for a major drop still. Especially if we’re going to see a market decline similar to what we saw in the 90’s, say, another 10% to 15% drop in prices. That would be tough to stomach.

Rich, let me kow if I misunderstood your comparison to the 90’s market.

[Anonymous]

I say, boot her. ps’ irritating, grating, tin-eared manner far outweighs any benefit that she could have ever brought to this forum.

Get that website up, now, ps, and keep yourself confined to it, or at least away from here.

[sdappraiser]

Since PS is pushing disclosure, I would love to know what her return to date is (% or $) on the Bear Rydex funds she was so hot about several months ago. How are those working out for you?

[Cow_tipping]

Actually that made sense. Supply and demand drives everything. If I had a stock tip, then telling 1 person is a tip. I tell a million, they will drive the price up on speculation alone and the first ones to buy can sell as the run up gathers steam and the last ones will be holding the bag. Speculation is its own enemy. 1 person does it, success, 1000 people do it, the first 10% make like bandits, the next 80 sorta break even, the last 10% lose their ass.
Now will he stop a gravy train that pulls in $3995 anytime someone gets on ??? … and how much is too much ??? That is the real question.
Cool.
Cow_tipping.

[Anonymous]

Some people may be skeptical now, but most are waiting and expecting R.E. to turn around next year and resume it’s steep upward path. We’ve heard from the NAR that now it’s a good time to buy because we’re at the bottom. Also, I just read about builders who are complaining about the price of materials, and saying that buyers are going to be in for sticker shock if they wait more that a year to buy.

It’s all B.S. … just a marketing ploy to get people back in the market.

I’m no expert, but I’ve been saying for the last 4 years that R.E. has to drop 35-50% from present values, or rents have to double if you want R.E. to make economic sense from an investment perspective.

Unless you’re willing to put down in excess of 50% of the purchase price, you can’t make positive cash flow on properties in Calif. And I’m not talking about just making the payment … I’m talking mortgage payment + utilities + prop. tax + maintenence + vacancy + management fees (if you self-manage, you still have to compensate yourself).

[IrvineRenter]

What an interesting thread. I don’t post here much, so all the drama was very interesting.

[Anonymous]

Yeah, this thread is better than E television. Leave it to PS to stir up controversy. Have to say that the housing crash is becoming rather dull as everything is falling into place as we have been expecting for a long time.

For those that are tired of PS, I suggest you just ingore her posts rather than pull her rights, it will drive her crazy as she is a classic “attention whore”. Personnaly I enjoy her posts, sometimes with great information, other times great entertainment value.

[sdrealtor]

Not that it matters as this thread has completely lost its focus but a quick scan shows that our host DID NOT miss the bubble and profited handsomely from it selling a property at the absolute peak which is now underwater by at least 15% w/o even considering selling costs.

Kudos to your Rich for successfully timing the market.

SDR

I couldn’t resist piling on this one PS quote.

“As celebrities are well aware, negative publicity is better than none.”

To compare yourself to a celebrity opens up a huge window into your mind. My guess: a classic underachiever in a family of overachievers starved for attention and deluding herself she’s getting it on a semi-anonomous (sp?) Internet Forum.

[powayseller]

rankandfile, June 14, 2006

“I like PS’s shorter comments, but there’s something that makes me think Powayseller is the host in disguise. Like Phil Hendrie acting as Bobby Doolie or Margaret Gray. Call me crazy.”

[4plexowner]

I’m not sure why I enjoy seeing powayseller getting trashed but I do.

She does have a website that was last updated in Sept ’05 or so. I wish I could find the link to include here – reading her description of herself gave me a good laugh.

She says she has 20 years of experience in the financial markets but I have seen numerous posts from her on this forum that show me she has tremendous holes in her financial knowledge.

Here are a few that come to mind – I am paraphrasing:

1. “I forgot about inflation …”
2. “I don’t know anything about derivatives …”
3. “I didn’t know I could buy 5 properties with nothing down …”

I hope powayseller continues to post here – she provides entertainment value and sometimes provides useful info / insight. Would I pay “less than $10 per month” for her information? Ha ha ha ha ….

[lostkitty]

This is just out-of-control. Powayseller failed to see that Rich was pissed and failed to understand that she should have apologized (whether or not she thought she was wrong) rather than continue down the same path and disrespecting his wishes. Sometimes one has to apologize for what they said having been perceived as rude, crass, (and all the other descriptives you all used). It really doesnt matter if she inteneded it otherwise, or if she thinks she’s right in asking. She offended and should apologize.
However, the total avalanche of harsh replies is a little much given that you are all aware that her husband was just laid off a few weeks ago, etc. I think most of you know what kind of stress that puts on a family. It seems a bit heartless and cruel. I guess I am one to talk, having called sdrealtor a swear-word so many times way back when, but… powayseller obviously spends a lot of time on here and it seems that whether you are agree with her on not, she definitely starts a lot of conversations.

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