Menu

Home › Forums › Housing › Trash the kitchen?

Viewing 15 posts - 166 through 180 (of 216 total)
1 2 3 … 11 12 13 14 15
  • Author
    Posts
  • July 1, 2009 at 7:57 PM #424365
    ibjames
    Participant

    wow, so there is no sense of dignity left anymore, tis a sad time indeed.

    I have had this conversation with my wife, and she laughs at the thought that we would ever turn our backs on something we got ourselves into like people now are doing.

    If you were ok with the payments before why aren’t you ok now? If your loan is ok, your house just is upside down right now, why default. Just because your stocks dip does not mean you sell them in a frenzied panic, because there is a good chance that someday they’ll go up.

    The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

    If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.

    I have friends that are thinking of trying to short sell, the only reason is because their loan is adjusting, and they can’t afford the payment and the bank won’t talk to them. They can’t refi because they are 150k underwater. If you can’t make a payment you can’t make a payment. If you can make the payment, then what is the problem?

    Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way

    July 1, 2009 at 11:23 PM #423753
    equalizer
    Participant

    Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

    News media always show the sick person losing home instead of the typical gambler who bet and lost.

    July 1, 2009 at 11:23 PM #423984
    equalizer
    Participant

    Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

    News media always show the sick person losing home instead of the typical gambler who bet and lost.

    July 1, 2009 at 11:23 PM #424264
    equalizer
    Participant

    Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

    News media always show the sick person losing home instead of the typical gambler who bet and lost.

    July 1, 2009 at 11:23 PM #424332
    equalizer
    Participant

    Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

    News media always show the sick person losing home instead of the typical gambler who bet and lost.

    July 1, 2009 at 11:23 PM #424496
    equalizer
    Participant

    Yep, the whole moral hazard that pits whats best for society as Roubini claims (cutting principal) vs setting a bad example.

    News media always show the sick person losing home instead of the typical gambler who bet and lost.

    July 1, 2009 at 11:34 PM #423759
    sdrealtor
    Participant

    All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.

    July 1, 2009 at 11:34 PM #423989
    sdrealtor
    Participant

    All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.

    July 1, 2009 at 11:34 PM #424269
    sdrealtor
    Participant

    All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.

    July 1, 2009 at 11:34 PM #424337
    sdrealtor
    Participant

    All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.

    July 1, 2009 at 11:34 PM #424501
    sdrealtor
    Participant

    All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.

    July 1, 2009 at 11:38 PM #423764
    equalizer
    Participant

    [quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

    The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

    If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
    Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
    This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

    What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

    July 1, 2009 at 11:38 PM #423994
    equalizer
    Participant

    [quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

    The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

    If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
    Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
    This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

    What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

    July 1, 2009 at 11:38 PM #424274
    equalizer
    Participant

    [quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

    The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

    If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
    Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
    This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

    What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

    July 1, 2009 at 11:38 PM #424342
    equalizer
    Participant

    [quote=ibjames]wow, so there is no sense of dignity left anymore, tis a sad time indeed.

    The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.

    If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
    Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way[/quote]
    This dilemma stems from crowd following. Normally it is very wise to ignore what others are doing, such as nieghbors getting that 760Li while you drive 15 year old econobox. However, the crowd’s home purchasing habits can NOT be ignored. If everyone is getting 5% down loans and you want to stick with 20% down and 30% ratios, you would have ended up in the 1 bd place. Now the market is hot and forcing people (who would like to wait) to panic and bid up again due to massive credits and other BS. Now that 1bd place is deep underwater, what do you do? Listen to us Piggs and stay put or walk away, leave the state to provide better for the kids? (extreme worst case example for effect)

    What we need is flat market +/- 3%yr that will put a stop to all these foolish games/tragedies.

  • Author
    Posts
Viewing 15 posts - 166 through 180 (of 216 total)
1 2 3 … 11 12 13 14 15
  • You must be logged in to reply to this topic.