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CAwireman.
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August 12, 2008 at 1:35 PM #256430August 12, 2008 at 2:33 PM #256150
Nor-LA-SD-guy
ParticipantIn my view, this guy made some obvious calls about some very obvious trends (heck even I sold a home in late 2004 and I don’t pretend to be a finance guru or a Nostradamus, on second thought maybe I should write a book too !!!).
All I can say is
GO TEAM U.S.A !!!!
August 12, 2008 at 2:33 PM #256330ParticipantIn my view, this guy made some obvious calls about some very obvious trends (heck even I sold a home in late 2004 and I don’t pretend to be a finance guru or a Nostradamus, on second thought maybe I should write a book too !!!).
All I can say is
GO TEAM U.S.A !!!!
August 12, 2008 at 2:33 PM #256333ParticipantIn my view, this guy made some obvious calls about some very obvious trends (heck even I sold a home in late 2004 and I don’t pretend to be a finance guru or a Nostradamus, on second thought maybe I should write a book too !!!).
All I can say is
GO TEAM U.S.A !!!!
August 12, 2008 at 2:33 PM #256393ParticipantIn my view, this guy made some obvious calls about some very obvious trends (heck even I sold a home in late 2004 and I don’t pretend to be a finance guru or a Nostradamus, on second thought maybe I should write a book too !!!).
All I can say is
GO TEAM U.S.A !!!!
August 12, 2008 at 2:33 PM #256440ParticipantIn my view, this guy made some obvious calls about some very obvious trends (heck even I sold a home in late 2004 and I don’t pretend to be a finance guru or a Nostradamus, on second thought maybe I should write a book too !!!).
All I can say is
GO TEAM U.S.A !!!!
August 12, 2008 at 4:42 PM #256190CA renter
ParticipantDemand is affected by what buyers are willing and **able** to pay.
People are overstating the effects of foreclosures, IMHO. Even if there were NO foreclosures, prices would go down if lending standards became rational (20% down, 28% max DTI on verified income, 6 months’ reserves, etc.).
Loose lending is what drove prices up since at least 2001.
People who “stayed put” didn’t affect housing prices on the way up, and they won’t affect prices on the way down. The only houses that affect prices are those that sell. If unqualified buyers can no longer buy over-priced homes with Monopoly money, the ruse is over.
August 12, 2008 at 4:42 PM #256371ParticipantDemand is affected by what buyers are willing and **able** to pay.
People are overstating the effects of foreclosures, IMHO. Even if there were NO foreclosures, prices would go down if lending standards became rational (20% down, 28% max DTI on verified income, 6 months’ reserves, etc.).
Loose lending is what drove prices up since at least 2001.
People who “stayed put” didn’t affect housing prices on the way up, and they won’t affect prices on the way down. The only houses that affect prices are those that sell. If unqualified buyers can no longer buy over-priced homes with Monopoly money, the ruse is over.
August 12, 2008 at 4:42 PM #256378ParticipantDemand is affected by what buyers are willing and **able** to pay.
People are overstating the effects of foreclosures, IMHO. Even if there were NO foreclosures, prices would go down if lending standards became rational (20% down, 28% max DTI on verified income, 6 months’ reserves, etc.).
Loose lending is what drove prices up since at least 2001.
People who “stayed put” didn’t affect housing prices on the way up, and they won’t affect prices on the way down. The only houses that affect prices are those that sell. If unqualified buyers can no longer buy over-priced homes with Monopoly money, the ruse is over.
August 12, 2008 at 4:42 PM #256433ParticipantDemand is affected by what buyers are willing and **able** to pay.
People are overstating the effects of foreclosures, IMHO. Even if there were NO foreclosures, prices would go down if lending standards became rational (20% down, 28% max DTI on verified income, 6 months’ reserves, etc.).
Loose lending is what drove prices up since at least 2001.
People who “stayed put” didn’t affect housing prices on the way up, and they won’t affect prices on the way down. The only houses that affect prices are those that sell. If unqualified buyers can no longer buy over-priced homes with Monopoly money, the ruse is over.
August 12, 2008 at 4:42 PM #256481ParticipantDemand is affected by what buyers are willing and **able** to pay.
People are overstating the effects of foreclosures, IMHO. Even if there were NO foreclosures, prices would go down if lending standards became rational (20% down, 28% max DTI on verified income, 6 months’ reserves, etc.).
Loose lending is what drove prices up since at least 2001.
People who “stayed put” didn’t affect housing prices on the way up, and they won’t affect prices on the way down. The only houses that affect prices are those that sell. If unqualified buyers can no longer buy over-priced homes with Monopoly money, the ruse is over.
August 12, 2008 at 11:20 PM #256359BKlawyer
ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM #256539ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM #256546ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM #256603ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
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