This just in……..

[Anonymous]

Josh, while I appreciate your offering of an intelligent response and I DO agree it is the first since I have entered this thread, I must offer to you that the other side of the fence is not the problem, it is the solution. And by the way, I have not been given the chance to offer a solution (not that I have one yet).
Dean

[Anonymous]

I am merely offering the opinion that there is a better way, and if these supposed agents, SD Realtor and sdrealtor (who seem to post a lot here) have this much time to sit in front of the one eyed excuse for not being productive (a computer), they surely they could have put that time to better use in finding a solution. I am currently too busy trying not to become one of the statistics. But if I saw an awakeing, I would be more than happy to organize a masterminds group to try to help people, rather than wish them harm. Dean

[sdrealtor]

HUHHHH? My loyal and no doubt similar proteges? I have been one of the most villified and taunted individuals on this board for over 1 year. In spite of that, I regularly try to contribute meaningful information as to what is happening on the streets. I call BS when I see it whether it comes from a Bull or a Bear. I have nothing at stake because I went for it long ago and have continued doing so at an escalating pace. I am living my dream and it only gets better for as time goes on. I have been very successful through multiple careers and enjoy helping people realize their RE dreams not their nightmares. My clients have great repsect for me because I look out for them as if they were family. I spend alot of time infront of my coputer because I am running 3 successful businesses that require me to do so. Plus it alot of fun and I have always been comitted to being a lifelong learner.

You came here after reading one days posts w/o understanding who anyone was. Stick around and keep your mouth shut for a week or two and you’ll see for yourself. After you see what this is all about we would all love to have more input from knowledgable industry folk who are willing to tell it like it is. Most of us have been around for quite some time and have had more than our share of heated disagreements. Heated disagreements backed by intelligent analysis is always welcomed on this forum.

What do you see happening? What is happening in your market? Mine’s doing fine for the time being and I think it will continue to outperform the larger SD market. Let’s here something more than you are all a bunch of bitter renters who missed the boat.

[Anonymous]

George Chamberlain, is that you (Dcarlos)??

[Anonymous]

I knew you had it in you to compose more than a sentence. Thank you for the adequate response (finally). Alright, I have only been reading this site for this day, but I have been reading posts that go back a long way. If you are truly how you described yourself (and I have no way of knowing because you still have not said who you are), then I find it very had to believe you really are so negative in your editorials. One or the other is wrong, I have to assume your editorials are the truest of your human nature since there is a conflict I cannot verify otherwise. Anyhow, I do not have the time nor the inclination to stick around and keep my mouth shut for a week. I have other things to waste my time with. I simply ask you and your fellow posters to consider that the people out there that are facing foreclosure (and no I’m not, for you excuse making types) are in a bad place in their lives. They, like Donald Trump and many other big successes and small took a chance. I know you rent a house in Scripps and have dogs, turtles etc. I have nothing against people who choose to rent even if they can afford to buy, I have nothing against those who have to rent because that’s their only option and, as you can see, I have nothing against those who “go for it”. I’m not saying I agree the gov. should bail anyone out. I’m merely saying, lets not kick a person for taking a chance. It’s wrong to hope a man chokes on the pie that may have seemed a little big, but is now way too big, just so you can eat what is thrown up. I would expect that from Donald Trump, it’s his business. But your business is to help people realize the American dream, I don’t believe you can do that if you are hoping those you helped in the past fail for your future.
Dean

[Anonymous]

None of the dumbasses who bought overpriced houses that they couldn’t afford should be applauded. Yeah they achieved the American dream allright, of being in debt up to their eyeballs.

Now it is time to pay the piper and I have no sympathy for these aholes. I for one can’t wait to see the mass financial ruin that is coming and to see a mass exodus of people out of San Diego. For once the freeways will be uncluttered.

Survival of the fittest!

[temeculaguy]

DCARLSO, if you are really Dean Carson I just checked out your site and the link to market conditions. If that is you and you wrote the narrative it was pretty realistic and in line with a lot of people think on this site. The note about subprime hurting the low end and entry level while the median price being artificially held up by the million plus market. I especially like the part about good neighborhood with the best schools are the best bet, makes sense to me.

I do take offense to the accusations that those of us who are fence sitting lack bravery or those of us who wish calamity on others are somehow playing with karma. While I am not in the R/E business I have owned homes through more than one cycle and intend to learn from my own history of being upside down and from making a sizable profit. Most of us have many friends and co-workers who have taken the bait and purchased beyond their means, zero down, interest only, neg am, etc. and we have also seen those and others take their equity out. We didn’t think any of that was wise and over the past few years we may have voiced our opinions only to be proven wrong by a market that behaved in a way that blew all the records away. I made money overall in the dot com craze but I would have made more had I gotten conservative near the end, if only I had seen it coming. Today’s S.D. real estate market has the same feel to me, the writing on the wall is too cogent and I intend to analyze the data and make a sound investment decision. In the dot com boom I ignored time tested fundamentals about P/E while I was suduced by the fact that I had cashed out my initial ivestment and was “playing with the house’s money.” I say you put down the Tony Robbins books for a while and pick up Lao Tzu’s Tao Te Ching “If you want to grab the world and run it, I can see you will not succeed…Manipulators mess things up, grabbers lose it.” Just a little excerpt from a 1000 bc sage, the ying yang guy, it’s funny because in that 3,000 years it has always been the same, what goes up comes down, flexible is better than strong. And if he were alive today I wonder if he would ammend it to say that all things will find balance except coastal real estate in good school districts. Maybe

[PerryChase]

dcarl, you have it all wrong. sdrealtor is in Carlsbad and SD Realtor is in Scripps.

——–
Buying overpriced houses with a NINJA loans is not taking a chance. It’s financial suicide. I don’t see how that is taking a chance on the American dream. Going to school and learning new skills is taking a chance. Getting into debt to own something your can’t afford is not taking a chance; it’s stupidity.

I don’t wish ill on people. But buyers need to be responsible for their own decisions.

The buy-sell-buy-refinance-flip model is a pyramid scheme that was bound to unravel. The music stopped and many don’t have chairs to sit on.

It’s just not subprime. Most prime borrowers have plowed their profits back into ever more overvalued properties. They will equally suffer. These guys were taking a chance for sure — on greed.

[sdrealtor]

You are mixing up me sdrealtor (homeowner and damn proud of it) with SD Realtor (renter who owns a couple investment properties and equally proud of it). Nowhere in this blog will you find me wishing foreclosure on anyone. I do however, preach personal responsibility for one’s actions as I have always taken full resposibility for my own. I dont find myself negative in my editorials in the least bit but rather realistic. i do not believe the company line that gets handed down but I guess that comes from my background of going against the grain to be a successful entrepreneur rather than a cog in a machine. Yes it is my job to help people realize the American Dream but I cannot and will not let people make decisions that I know will lead them to disaster. I just dont need the money that much and even if I did, I’d find something else to do that didnt completely compromise my ethical responsibility to clients that I also consider good friends.

[SD Realtor]

Josh I am ing up!!!

Right now my wife is holding a hatchet to my throat cuz another property we tried to lowball in Scripps got scooped up… My tenure on this planet may be short term…

*******

I always find it bizarre when people come and flame each other in posts. It is so darn early in the cycle that I don’t understand why it gets so distasteful sometimes. Most people here are civil even in disagreement. Personally I do not wish bad things to happen to people. However I think most people would agree that more people would benefit in the long run for the housing market to adjust then not to. I don’t think that a subsidized market is healthy. Whether that market is subsidized by artificially low lending standards, or the feds bailing out foreclosures it doesn’t matter. I think fiscally responsible people make for better homeowners, take better care of the property, and provide for a more stable neighborhood. We have already seen that rampant markets result in a certain brand of instability in neighborhoods that can be characterized by flippers, and other neighbors that live paycheck to paycheck. I also do not buy into the fact that people who get foreclosed upon are out on the streets. I personally know of two flippers and another mortgage broker who lost homes. None of them are out in the street, they are all doing fine. I don’t wish for bad things to happen to people, I wish for the market to be where it realistically should be.

SD Realtor

[sdrealtor]

Temeculaguy,
The market stats on that site are from the REreport published monthly by Rick Campbell not DC.

[Anonymous]

Hi Temeculagauy,

I gather by your writtings that you think I do not believe the market is in for a big correction. Just to take away from some of the confusion… I am the guy you saw on the website and I am not in disagreement with you that prices will continue to fall. I do believe that people should still continue to buy a home whenever they can for a couple of different reasons. First, I have speculated that the market would change since 2002. Year after year I was wrong. All the while I still say, as soon as you can AFFORD it, you should buy. Reason being is that the market can keep going in spit of what we see today. Second, if you plan of staying in the area for a while, you are throwing your money away for sure when you rent if you can afford to buy.
I bought my first house when I was 21 and an E-4 in the Navy (1987). My supervisor gave me an informal counseling about how bad I was screwing up my life and credit because I was clearly beyond my means. I gave him an informal counseling about how he was throwing away his money by renting the house in Mira Mesa that he continues to rent today. He was my mentor for the remaining 10 years I spent in the Navy. I still see him every once in a while. Until recently he has always said “I should have lisatened to you”. Now, he doesn’t say that. Yet the house bought for his landlord is now worth around $500,000.00 and when I gave him his counseling, he could have bought it for $140,000.00. Perhaps this house was worth $550,000 to $575,000 in it’s peak. He still lost $360,000. and should have listened because the house would have been payed for with the rent he has paid since he moved in. His pessimistic no chance taking way of life has lead to his current life of poverty as an officer in the Navy. Far more people are wealthier by taking a chance than by waiting or playing it safe.

[SD Realtor]

Dean –

I cannot recall a single post where I wished bad things upon any people at all. I have said over and over again that people who could not afford a home should never have bought one.

Please do not preach to me about the American Dream Dean. The American Dream is to own a home and it is a priviledge not a right. You don’t buy a home because you deserve it, you buy a home because you have put yourself in a spot to where you can buy it. I have NEVER advocated to ANYONE in the past to buy a home that I didn’t think they can afford. What you said about people taking a chance is EXACTLY why the housing market went to where it should not have gone. You should not “take a chance” when you buy a home Dean. You “take a chance” when you go to Vegas, or when you ask a out who is way out of your league. You don’t “take a chance” when you buy a home. I am not kicking anyone who is down. If they bought a home and didn’t understand the ramifications of the situation they got themselves into then that is unfortunate. I don’t distinguish between it being a house or a car or running up the old credit card. I don’t wish that upon anyone but it has happened to alot of people. Overall it is healthier for our society and economy as a whole if consumption is kept in check by the means of the consumer.

It doesn’t matter if it is engineering or real estate of which I do both, logic matters.

SD Realtor

[temeculaguy]

I have to back both sd and SD realtors, I value both their opinions but they don’t share one, they usually disagree unless it’s a technical issue. If you assumed it was the same poster that person would look a little crazy, but it’s not. It’s ironic DCARLSO would target either, they are usually the voice of reason and deflect many attacks accusing them of being industry cheerleaders. I like their posts because they offer real insight into how I am going to profit from a down market and the psyche of actual buyers. I know houses aren’t going to cost five dollars and I know they won’t go up for a few years, what they bring is real data and opinion to fill in the middle. DCARLO, you are an articulate man, but you haven’t brought anything yet other than finger wagging, so if you wan’t the respect of others, bring it. What is your opinion? When and where will the market go in your opinion? Inquiring minds want to know. We know you hate computers but you aren’t shagging babes and making money like the DONALD just yet, you’ve got time for us idle internet users.

P.S. this internet group probably contains the only adult males not looking at internet porn (or at least taking a break from it) so I refuse to be insulted for using it as my chosen media outlet during my free time, maybe I should log off and start my backlog of oprah on tivo. This is the newspaper and the barbershop of this century, so get over it.

[rube]

Dcarlso1

Prices all over have just peaked after an unprecedented speculative run-up. I know you're a realtor and all but come on, you don't really believe this is a great time to buy, do you? 

It doesn't matter whether you can afford it or not, it is what makes economic sense at a given time in the market.

[Author]

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