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JWM in SD.
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February 28, 2008 at 8:27 AM #162059February 28, 2008 at 8:43 AM #161604
OC Burns
ParticipantWhy do people have have such visceral negative reactions to dropping house values?
Because they already own a home? Even if they have good cash flow, nobody likes to see their largest asset fall off a cliff.
What if they can afford to buy more home, and they can afford to stay and keep paying their current loan, but they cannot afford to sell because they’d have to realize a loss?
We bought in 2003 with 20% down and I can easily see this becoming the case in our situation.
February 28, 2008 at 8:43 AM #161896ParticipantWhy do people have have such visceral negative reactions to dropping house values?
Because they already own a home? Even if they have good cash flow, nobody likes to see their largest asset fall off a cliff.
What if they can afford to buy more home, and they can afford to stay and keep paying their current loan, but they cannot afford to sell because they’d have to realize a loss?
We bought in 2003 with 20% down and I can easily see this becoming the case in our situation.
February 28, 2008 at 8:43 AM #161913ParticipantWhy do people have have such visceral negative reactions to dropping house values?
Because they already own a home? Even if they have good cash flow, nobody likes to see their largest asset fall off a cliff.
What if they can afford to buy more home, and they can afford to stay and keep paying their current loan, but they cannot afford to sell because they’d have to realize a loss?
We bought in 2003 with 20% down and I can easily see this becoming the case in our situation.
February 28, 2008 at 8:43 AM #161930ParticipantWhy do people have have such visceral negative reactions to dropping house values?
Because they already own a home? Even if they have good cash flow, nobody likes to see their largest asset fall off a cliff.
What if they can afford to buy more home, and they can afford to stay and keep paying their current loan, but they cannot afford to sell because they’d have to realize a loss?
We bought in 2003 with 20% down and I can easily see this becoming the case in our situation.
February 28, 2008 at 8:43 AM #161999ParticipantWhy do people have have such visceral negative reactions to dropping house values?
Because they already own a home? Even if they have good cash flow, nobody likes to see their largest asset fall off a cliff.
What if they can afford to buy more home, and they can afford to stay and keep paying their current loan, but they cannot afford to sell because they’d have to realize a loss?
We bought in 2003 with 20% down and I can easily see this becoming the case in our situation.
February 28, 2008 at 12:56 PM #162003felix
ParticipantTG, you seem to have some issues with my opinion. I didn’t intend to insult you by referring to you as a renter. And I certainly didn’t mean get you riled up over my opinion. I was just adding my opinion as an outsider looking at the San Diego RE market.
I only recently stumbled upon this blog after I purchased in the San Diego market. I found this blog to have a lot of local insight which I appreciated.
However, after reading much of what was written here, I thought I’d add what I as an outsider with cash sees as a great opportunity.
Clearly, you don’t like what I have to say or you think it’s ridiculous. That is fine.
Anyway, I hope you do get the home you want at the price you want.
February 28, 2008 at 12:56 PM #162295ParticipantTG, you seem to have some issues with my opinion. I didn’t intend to insult you by referring to you as a renter. And I certainly didn’t mean get you riled up over my opinion. I was just adding my opinion as an outsider looking at the San Diego RE market.
I only recently stumbled upon this blog after I purchased in the San Diego market. I found this blog to have a lot of local insight which I appreciated.
However, after reading much of what was written here, I thought I’d add what I as an outsider with cash sees as a great opportunity.
Clearly, you don’t like what I have to say or you think it’s ridiculous. That is fine.
Anyway, I hope you do get the home you want at the price you want.
February 28, 2008 at 12:56 PM #162313ParticipantTG, you seem to have some issues with my opinion. I didn’t intend to insult you by referring to you as a renter. And I certainly didn’t mean get you riled up over my opinion. I was just adding my opinion as an outsider looking at the San Diego RE market.
I only recently stumbled upon this blog after I purchased in the San Diego market. I found this blog to have a lot of local insight which I appreciated.
However, after reading much of what was written here, I thought I’d add what I as an outsider with cash sees as a great opportunity.
Clearly, you don’t like what I have to say or you think it’s ridiculous. That is fine.
Anyway, I hope you do get the home you want at the price you want.
February 28, 2008 at 12:56 PM #162330ParticipantTG, you seem to have some issues with my opinion. I didn’t intend to insult you by referring to you as a renter. And I certainly didn’t mean get you riled up over my opinion. I was just adding my opinion as an outsider looking at the San Diego RE market.
I only recently stumbled upon this blog after I purchased in the San Diego market. I found this blog to have a lot of local insight which I appreciated.
However, after reading much of what was written here, I thought I’d add what I as an outsider with cash sees as a great opportunity.
Clearly, you don’t like what I have to say or you think it’s ridiculous. That is fine.
Anyway, I hope you do get the home you want at the price you want.
February 28, 2008 at 12:56 PM #162399ParticipantTG, you seem to have some issues with my opinion. I didn’t intend to insult you by referring to you as a renter. And I certainly didn’t mean get you riled up over my opinion. I was just adding my opinion as an outsider looking at the San Diego RE market.
I only recently stumbled upon this blog after I purchased in the San Diego market. I found this blog to have a lot of local insight which I appreciated.
However, after reading much of what was written here, I thought I’d add what I as an outsider with cash sees as a great opportunity.
Clearly, you don’t like what I have to say or you think it’s ridiculous. That is fine.
Anyway, I hope you do get the home you want at the price you want.
February 28, 2008 at 3:35 PM #162107drunkle
Participantfelix, could you start a new thread and post up some investment opportunities that you think are worthwhile?
as well, maybe even post ownership opportunities. never know, someone might find their dream home that way.
February 28, 2008 at 3:35 PM #162402Participantfelix, could you start a new thread and post up some investment opportunities that you think are worthwhile?
as well, maybe even post ownership opportunities. never know, someone might find their dream home that way.
February 28, 2008 at 3:35 PM #162418Participantfelix, could you start a new thread and post up some investment opportunities that you think are worthwhile?
as well, maybe even post ownership opportunities. never know, someone might find their dream home that way.
February 28, 2008 at 3:35 PM #162436Participantfelix, could you start a new thread and post up some investment opportunities that you think are worthwhile?
as well, maybe even post ownership opportunities. never know, someone might find their dream home that way.
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