- This topic has 64 replies, 16 voices, and was last updated 14 years, 7 months ago by
CA renter.
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October 21, 2007 at 2:23 PM #10677October 21, 2007 at 2:38 PM #90394
Allan from Fallbrook
ParticipantWow. I realize I should have some pithy, or topical comment, but all I can come up with is: Wow.
“This should turn out well”. Yeah, huh?
$12,200 per month in carrying costs! If this guy is struggling now, wait till the full effect of his new monthly burn rate hits.
I hear those Bosa developments are also in the firing line as far as pending latent defect/construction defect lawsuits go as well.
Greed and stupidity are a lethal combination.
October 21, 2007 at 2:38 PM #90403Allan from Fallbrook
ParticipantWow. I realize I should have some pithy, or topical comment, but all I can come up with is: Wow.
“This should turn out well”. Yeah, huh?
$12,200 per month in carrying costs! If this guy is struggling now, wait till the full effect of his new monthly burn rate hits.
I hear those Bosa developments are also in the firing line as far as pending latent defect/construction defect lawsuits go as well.
Greed and stupidity are a lethal combination.
October 21, 2007 at 2:52 PM #90407Coronita
ParticipantReminds me of my 6th grade honors math teacher. The ones that spends more time surfing then educating, and prove through their own dumb*ss actions, they can't count worth sh*t. Uh, find me someone that's willing to pay $6100/month for rent…I got a bridge to sell them.
"Surf's up, dude"…Doh…
Where are the Hummer and BMW jokes?
October 21, 2007 at 2:52 PM #90398Coronita
ParticipantReminds me of my 6th grade honors math teacher. The ones that spends more time surfing then educating, and prove through their own dumb*ss actions, they can't count worth sh*t. Uh, find me someone that's willing to pay $6100/month for rent…I got a bridge to sell them.
"Surf's up, dude"…Doh…
Where are the Hummer and BMW jokes?
October 21, 2007 at 4:05 PM #90406mixxalot
ParticipantGuess they can always live in the Hummer and surf each day and rent out both overpriced real estate properties.
I betcha thats the dude’s next move- live in the Hummer, surf and rent out both properties or face foreclosure.
October 21, 2007 at 4:05 PM #90415mixxalot
ParticipantGuess they can always live in the Hummer and surf each day and rent out both overpriced real estate properties.
I betcha thats the dude’s next move- live in the Hummer, surf and rent out both properties or face foreclosure.
October 21, 2007 at 5:13 PM #90410cr
ParticipantSan Diego might be the last place someone would want one of these.
October 21, 2007 at 5:13 PM #90419cr
ParticipantSan Diego might be the last place someone would want one of these.
October 21, 2007 at 5:51 PM #90414patientlywaiting
ParticipantHere’s the full article.
I’m waiting for ocrenter to do a feature story on this mortgage broker. Let’s follow up on this guy 2 years from now.http://www.signonsandiego.com/news/business/20071021-9999-lz1h21build.html
October 21, 2007 at 5:51 PM #90423patientlywaiting
ParticipantHere’s the full article.
I’m waiting for ocrenter to do a feature story on this mortgage broker. Let’s follow up on this guy 2 years from now.http://www.signonsandiego.com/news/business/20071021-9999-lz1h21build.html
October 21, 2007 at 6:30 PM #90418djrobsd
ParticipantThis is my favorite part of the article here:
“Long-term, if you look at the San Diego marketplace, if consumers are waiting for the bubble to outright burst, this is a very controlled, stable market,” he said.
When are these morons going to stop denying the realities of this market?
October 21, 2007 at 6:30 PM #90427djrobsd
ParticipantThis is my favorite part of the article here:
“Long-term, if you look at the San Diego marketplace, if consumers are waiting for the bubble to outright burst, this is a very controlled, stable market,” he said.
When are these morons going to stop denying the realities of this market?
October 21, 2007 at 8:15 PM #90424PorkmanDelardo
ParticipantI too had to do a double take when I read this article in the crappy UT this morning. If I can afford $6,100 a month to rent out an over-priced condo, why would I cover someone else’s mortgage payment? I would go out and make payments on my own place, and get the tax deduction to boot. This guy Mike Railey is a class A moron. Please, please someone track this guys progress and let us know when foreclosure proceedings start on either his crown jewel condo or his modest hovel in Del Mar. Porkman
October 21, 2007 at 8:15 PM #90433PorkmanDelardo
ParticipantI too had to do a double take when I read this article in the crappy UT this morning. If I can afford $6,100 a month to rent out an over-priced condo, why would I cover someone else’s mortgage payment? I would go out and make payments on my own place, and get the tax deduction to boot. This guy Mike Railey is a class A moron. Please, please someone track this guys progress and let us know when foreclosure proceedings start on either his crown jewel condo or his modest hovel in Del Mar. Porkman
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