Underwater Homeowners Thread

[NotCranky]

[quote=temeculaguy]it didn’t make sense until the last ten seconds and then i laughed my A$$ off.[/quote]
Good! You got it!LOL

[AK]

So what I gather from all of this is that life sucks whether you’re a bunny or a coyote 🙂

Who else thinks TG’s last two posts should be permalinked from the home page?

[AK]

So what I gather from all of this is that life sucks whether you’re a bunny or a coyote 🙂

Who else thinks TG’s last two posts should be permalinked from the home page?

[AK]

So what I gather from all of this is that life sucks whether you’re a bunny or a coyote 🙂

Who else thinks TG’s last two posts should be permalinked from the home page?

[AK]

So what I gather from all of this is that life sucks whether you’re a bunny or a coyote 🙂

Who else thinks TG’s last two posts should be permalinked from the home page?

[AK]

So what I gather from all of this is that life sucks whether you’re a bunny or a coyote 🙂

Who else thinks TG’s last two posts should be permalinked from the home page?

[AK]

And to paramount and the others in his situation:

Yeah, it must be painful to be that far underwater. Many of my friends and relatives are underwater, some on multiple properties. I’ll probably be (technically) underwater the minute I close escrow on whatever house I may buy this spring, so it’s something I have to prepare myself for emotionally.

Despite five to six years of philosophizing and research the human dimension of the real estate bubble and crash didn’t really hit home until I started looking at REOs and short sales and saw all the kids’ rooms, graduation gowns left behind in closets, etc. I’m already pissed at my government and the financial system, so I can’t imagine how I’d feel if I’d bought before the peak and still got hammered by a regional overcorrection.

But NOTHING will fix this mess as permanently as restoring the balance of supply and demand … get rid of the excess big-box stores, get some productive employers out there, stop building surplus McMansions for a decade or so, and you should be in great shape.

And get in on the ground floor (pun intended) of the next boom … Stair-Glide installer for all the retirees who’d rather live in an inland McMansion than an “active adult” shoebox in Oceana.

[AK]

And to paramount and the others in his situation:

Yeah, it must be painful to be that far underwater. Many of my friends and relatives are underwater, some on multiple properties. I’ll probably be (technically) underwater the minute I close escrow on whatever house I may buy this spring, so it’s something I have to prepare myself for emotionally.

Despite five to six years of philosophizing and research the human dimension of the real estate bubble and crash didn’t really hit home until I started looking at REOs and short sales and saw all the kids’ rooms, graduation gowns left behind in closets, etc. I’m already pissed at my government and the financial system, so I can’t imagine how I’d feel if I’d bought before the peak and still got hammered by a regional overcorrection.

But NOTHING will fix this mess as permanently as restoring the balance of supply and demand … get rid of the excess big-box stores, get some productive employers out there, stop building surplus McMansions for a decade or so, and you should be in great shape.

And get in on the ground floor (pun intended) of the next boom … Stair-Glide installer for all the retirees who’d rather live in an inland McMansion than an “active adult” shoebox in Oceana.

[AK]

And to paramount and the others in his situation:

Yeah, it must be painful to be that far underwater. Many of my friends and relatives are underwater, some on multiple properties. I’ll probably be (technically) underwater the minute I close escrow on whatever house I may buy this spring, so it’s something I have to prepare myself for emotionally.

Despite five to six years of philosophizing and research the human dimension of the real estate bubble and crash didn’t really hit home until I started looking at REOs and short sales and saw all the kids’ rooms, graduation gowns left behind in closets, etc. I’m already pissed at my government and the financial system, so I can’t imagine how I’d feel if I’d bought before the peak and still got hammered by a regional overcorrection.

But NOTHING will fix this mess as permanently as restoring the balance of supply and demand … get rid of the excess big-box stores, get some productive employers out there, stop building surplus McMansions for a decade or so, and you should be in great shape.

And get in on the ground floor (pun intended) of the next boom … Stair-Glide installer for all the retirees who’d rather live in an inland McMansion than an “active adult” shoebox in Oceana.

[AK]

And to paramount and the others in his situation:

Yeah, it must be painful to be that far underwater. Many of my friends and relatives are underwater, some on multiple properties. I’ll probably be (technically) underwater the minute I close escrow on whatever house I may buy this spring, so it’s something I have to prepare myself for emotionally.

Despite five to six years of philosophizing and research the human dimension of the real estate bubble and crash didn’t really hit home until I started looking at REOs and short sales and saw all the kids’ rooms, graduation gowns left behind in closets, etc. I’m already pissed at my government and the financial system, so I can’t imagine how I’d feel if I’d bought before the peak and still got hammered by a regional overcorrection.

But NOTHING will fix this mess as permanently as restoring the balance of supply and demand … get rid of the excess big-box stores, get some productive employers out there, stop building surplus McMansions for a decade or so, and you should be in great shape.

And get in on the ground floor (pun intended) of the next boom … Stair-Glide installer for all the retirees who’d rather live in an inland McMansion than an “active adult” shoebox in Oceana.

[AK]

And to paramount and the others in his situation:

Yeah, it must be painful to be that far underwater. Many of my friends and relatives are underwater, some on multiple properties. I’ll probably be (technically) underwater the minute I close escrow on whatever house I may buy this spring, so it’s something I have to prepare myself for emotionally.

Despite five to six years of philosophizing and research the human dimension of the real estate bubble and crash didn’t really hit home until I started looking at REOs and short sales and saw all the kids’ rooms, graduation gowns left behind in closets, etc. I’m already pissed at my government and the financial system, so I can’t imagine how I’d feel if I’d bought before the peak and still got hammered by a regional overcorrection.

But NOTHING will fix this mess as permanently as restoring the balance of supply and demand … get rid of the excess big-box stores, get some productive employers out there, stop building surplus McMansions for a decade or so, and you should be in great shape.

And get in on the ground floor (pun intended) of the next boom … Stair-Glide installer for all the retirees who’d rather live in an inland McMansion than an “active adult” shoebox in Oceana.

[TheBreeze]

[quote=Russell]Breeze, are you taking into consideration that it is not the upside down borrowers fault that tax payers are picking up the slack? Should they be masochistic because the remedies offered offend some of us, including myself? They are not victims but whether they see themselves as that or not, very few of us are going to look that proverbial gift horse in the eye if in their shoes.It would definitely come down to a cost benefit analysis once the damage was done. They always had the right to walk by contract . There were various consequences but those are the basics. If there are better choices that were not originally in the contract that isn’t their fault.[/quote]

Hey, paramount can justify his walking away using whatever flimsy basis he prefers. But since the taxpayers will be picking up his tab, he is the equivalent of a welfare queen. Popping out housing babies and sucking up government cash all while producing nothing of value.

[TheBreeze]

[quote=Russell]Breeze, are you taking into consideration that it is not the upside down borrowers fault that tax payers are picking up the slack? Should they be masochistic because the remedies offered offend some of us, including myself? They are not victims but whether they see themselves as that or not, very few of us are going to look that proverbial gift horse in the eye if in their shoes.It would definitely come down to a cost benefit analysis once the damage was done. They always had the right to walk by contract . There were various consequences but those are the basics. If there are better choices that were not originally in the contract that isn’t their fault.[/quote]

Hey, paramount can justify his walking away using whatever flimsy basis he prefers. But since the taxpayers will be picking up his tab, he is the equivalent of a welfare queen. Popping out housing babies and sucking up government cash all while producing nothing of value.

[TheBreeze]

[quote=Russell]Breeze, are you taking into consideration that it is not the upside down borrowers fault that tax payers are picking up the slack? Should they be masochistic because the remedies offered offend some of us, including myself? They are not victims but whether they see themselves as that or not, very few of us are going to look that proverbial gift horse in the eye if in their shoes.It would definitely come down to a cost benefit analysis once the damage was done. They always had the right to walk by contract . There were various consequences but those are the basics. If there are better choices that were not originally in the contract that isn’t their fault.[/quote]

Hey, paramount can justify his walking away using whatever flimsy basis he prefers. But since the taxpayers will be picking up his tab, he is the equivalent of a welfare queen. Popping out housing babies and sucking up government cash all while producing nothing of value.

[TheBreeze]

[quote=Russell]Breeze, are you taking into consideration that it is not the upside down borrowers fault that tax payers are picking up the slack? Should they be masochistic because the remedies offered offend some of us, including myself? They are not victims but whether they see themselves as that or not, very few of us are going to look that proverbial gift horse in the eye if in their shoes.It would definitely come down to a cost benefit analysis once the damage was done. They always had the right to walk by contract . There were various consequences but those are the basics. If there are better choices that were not originally in the contract that isn’t their fault.[/quote]

Hey, paramount can justify his walking away using whatever flimsy basis he prefers. But since the taxpayers will be picking up his tab, he is the equivalent of a welfare queen. Popping out housing babies and sucking up government cash all while producing nothing of value.

[Author]

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