One thing I can credit the current market for…

[GoUSC]

If there is one positive thing that has come from this whole financial debacle we currently see ourselves in is that I have becoming 1000 times more educated on finance and the workings of the financial system. As well as understanding how corrupt it is in many ways. Regardless, I was a finance major in College and learned quite a bit about TVM, PV, FV, stocks & bonds but none of that compares to the knowledge I have acquired in the past year.

Anyone else in the same boat?

PS. I have THIS website to thank for A LOT of that!

[sdduuuude]

Yes, I am.

I also credit the market for getting me a kick-ass refi on my house. EZ credit isn’t a bad thing if you know what to do with it.

[paramount]

I agree – this has been an educational experience. In fact, something occurred to me as I was looking at houses this evening.

I’m sure many have noticed the sometimes large price difference in similar houses in often the same community. Sometimes an even smaller house is priced much higher than a larger house 2 doors down for example.

I think “owners” in distress figure they might as well list the price high so that it does not get sold, that way they can stay in the house longer – often for free. They don’t want an offer.

At this point I avoid all short sales and most resales.

About a month ago I was looking at an open house in Crowne Hill (Temecula) – it was a nice house in a nice area. About 2300 sq. ft. or so – asking I believe in the mid 5’s. I told the person showing the house – you know there is a much larger house (~3000 sq. ft.) right around the corner in the high 3’s, right?

She says: does it have a built in entertainment center, this house is highly upgraded. Thats’ not doing your job, that’s insulting people’s sensibility IMO.

[hipmatt]

Absolutely, the research that I have forced myself to do in order to understand this insane housing bubble, and now all of the related economic aftermath, has taught me much more about economics than any class I’ve ever had. I have also learned from others here. Overall I can’t tell if it is a hobby, or kind of like a second job.. maybe I will make it part of my job someday.

[patientlywaiting]

I give credit for this market for giving me vindication over some of the people I know. While I was plugging along surely but safely like Warren Buffet would, those people were dreaming of riches. Those riches have now gone poof.

If the market goes to 2000/2001 levels, there’ll be plenty of hurt to go around. “Investors” I know are now hurting trying to weather the storm, so to speak. They are still putting up a good front, but I’m not expecting that to last past 2008.

If it’s too easy, it can’t last for long.

[cr]

Don’t forget this site single handedly caused the housing bubble to pop!

[cr]

Don’t forget this site single handedly caused the housing bubble to pop!

[cr]

Don’t forget this site single handedly caused the housing bubble to pop!

[cr]

Don’t forget this site single handedly caused the housing bubble to pop!

[cr]

Don’t forget this site single handedly caused the housing bubble to pop!

[patientlywaiting]

I give credit for this market for giving me vindication over some of the people I know. While I was plugging along surely but safely like Warren Buffet would, those people were dreaming of riches. Those riches have now gone poof.

If the market goes to 2000/2001 levels, there’ll be plenty of hurt to go around. “Investors” I know are now hurting trying to weather the storm, so to speak. They are still putting up a good front, but I’m not expecting that to last past 2008.

If it’s too easy, it can’t last for long.

[patientlywaiting]

I give credit for this market for giving me vindication over some of the people I know. While I was plugging along surely but safely like Warren Buffet would, those people were dreaming of riches. Those riches have now gone poof.

If the market goes to 2000/2001 levels, there’ll be plenty of hurt to go around. “Investors” I know are now hurting trying to weather the storm, so to speak. They are still putting up a good front, but I’m not expecting that to last past 2008.

If it’s too easy, it can’t last for long.

[patientlywaiting]

I give credit for this market for giving me vindication over some of the people I know. While I was plugging along surely but safely like Warren Buffet would, those people were dreaming of riches. Those riches have now gone poof.

If the market goes to 2000/2001 levels, there’ll be plenty of hurt to go around. “Investors” I know are now hurting trying to weather the storm, so to speak. They are still putting up a good front, but I’m not expecting that to last past 2008.

If it’s too easy, it can’t last for long.

[patientlywaiting]

I give credit for this market for giving me vindication over some of the people I know. While I was plugging along surely but safely like Warren Buffet would, those people were dreaming of riches. Those riches have now gone poof.

If the market goes to 2000/2001 levels, there’ll be plenty of hurt to go around. “Investors” I know are now hurting trying to weather the storm, so to speak. They are still putting up a good front, but I’m not expecting that to last past 2008.

If it’s too easy, it can’t last for long.

[hipmatt]

Absolutely, the research that I have forced myself to do in order to understand this insane housing bubble, and now all of the related economic aftermath, has taught me much more about economics than any class I’ve ever had. I have also learned from others here. Overall I can’t tell if it is a hobby, or kind of like a second job.. maybe I will make it part of my job someday.

[hipmatt]

Absolutely, the research that I have forced myself to do in order to understand this insane housing bubble, and now all of the related economic aftermath, has taught me much more about economics than any class I’ve ever had. I have also learned from others here. Overall I can’t tell if it is a hobby, or kind of like a second job.. maybe I will make it part of my job someday.

[hipmatt]

Absolutely, the research that I have forced myself to do in order to understand this insane housing bubble, and now all of the related economic aftermath, has taught me much more about economics than any class I’ve ever had. I have also learned from others here. Overall I can’t tell if it is a hobby, or kind of like a second job.. maybe I will make it part of my job someday.

[hipmatt]

Absolutely, the research that I have forced myself to do in order to understand this insane housing bubble, and now all of the related economic aftermath, has taught me much more about economics than any class I’ve ever had. I have also learned from others here. Overall I can’t tell if it is a hobby, or kind of like a second job.. maybe I will make it part of my job someday.

[paramount]

I agree – this has been an educational experience. In fact, something occurred to me as I was looking at houses this evening.

I’m sure many have noticed the sometimes large price difference in similar houses in often the same community. Sometimes an even smaller house is priced much higher than a larger house 2 doors down for example.

I think “owners” in distress figure they might as well list the price high so that it does not get sold, that way they can stay in the house longer – often for free. They don’t want an offer.

At this point I avoid all short sales and most resales.

About a month ago I was looking at an open house in Crowne Hill (Temecula) – it was a nice house in a nice area. About 2300 sq. ft. or so – asking I believe in the mid 5’s. I told the person showing the house – you know there is a much larger house (~3000 sq. ft.) right around the corner in the high 3’s, right?

She says: does it have a built in entertainment center, this house is highly upgraded. Thats’ not doing your job, that’s insulting people’s sensibility IMO.

[paramount]

I agree – this has been an educational experience. In fact, something occurred to me as I was looking at houses this evening.

I’m sure many have noticed the sometimes large price difference in similar houses in often the same community. Sometimes an even smaller house is priced much higher than a larger house 2 doors down for example.

I think “owners” in distress figure they might as well list the price high so that it does not get sold, that way they can stay in the house longer – often for free. They don’t want an offer.

At this point I avoid all short sales and most resales.

About a month ago I was looking at an open house in Crowne Hill (Temecula) – it was a nice house in a nice area. About 2300 sq. ft. or so – asking I believe in the mid 5’s. I told the person showing the house – you know there is a much larger house (~3000 sq. ft.) right around the corner in the high 3’s, right?

She says: does it have a built in entertainment center, this house is highly upgraded. Thats’ not doing your job, that’s insulting people’s sensibility IMO.

[paramount]

I agree – this has been an educational experience. In fact, something occurred to me as I was looking at houses this evening.

I’m sure many have noticed the sometimes large price difference in similar houses in often the same community. Sometimes an even smaller house is priced much higher than a larger house 2 doors down for example.

I think “owners” in distress figure they might as well list the price high so that it does not get sold, that way they can stay in the house longer – often for free. They don’t want an offer.

At this point I avoid all short sales and most resales.

About a month ago I was looking at an open house in Crowne Hill (Temecula) – it was a nice house in a nice area. About 2300 sq. ft. or so – asking I believe in the mid 5’s. I told the person showing the house – you know there is a much larger house (~3000 sq. ft.) right around the corner in the high 3’s, right?

She says: does it have a built in entertainment center, this house is highly upgraded. Thats’ not doing your job, that’s insulting people’s sensibility IMO.

[paramount]

I agree – this has been an educational experience. In fact, something occurred to me as I was looking at houses this evening.

I’m sure many have noticed the sometimes large price difference in similar houses in often the same community. Sometimes an even smaller house is priced much higher than a larger house 2 doors down for example.

I think “owners” in distress figure they might as well list the price high so that it does not get sold, that way they can stay in the house longer – often for free. They don’t want an offer.

At this point I avoid all short sales and most resales.

About a month ago I was looking at an open house in Crowne Hill (Temecula) – it was a nice house in a nice area. About 2300 sq. ft. or so – asking I believe in the mid 5’s. I told the person showing the house – you know there is a much larger house (~3000 sq. ft.) right around the corner in the high 3’s, right?

She says: does it have a built in entertainment center, this house is highly upgraded. Thats’ not doing your job, that’s insulting people’s sensibility IMO.

[sdduuuude]

Yes, I am.

I also credit the market for getting me a kick-ass refi on my house. EZ credit isn’t a bad thing if you know what to do with it.

[sdduuuude]

Yes, I am.

I also credit the market for getting me a kick-ass refi on my house. EZ credit isn’t a bad thing if you know what to do with it.

[sdduuuude]

Yes, I am.

I also credit the market for getting me a kick-ass refi on my house. EZ credit isn’t a bad thing if you know what to do with it.

[sdduuuude]

Yes, I am.

I also credit the market for getting me a kick-ass refi on my house. EZ credit isn’t a bad thing if you know what to do with it.

[Author]

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