WSJ Article – Housing Inventory Surges in March

[Anonymous]

The people who have “hope” in their statements are those who don’t want to see a harsh housing crash. However, common sense says the crash will be brutal, and probably harsher than any previous downturn.

I don’t let emotion make my decisions for me, therefore I will happily watch this housing market unravel, and I will get much joy watching all the fools who overextended themselves go bankrupt, lose there houses and generally suffer.

As my surfing buddy always tells me, “stupid hurts”. There are millions of stupid people in this country who are about to be in a world of hurt.

[an]

I’ve been humbled by the market so many times that I will not many any prediction. I will just let time tell me how things will turn out. If you keep your eyes on the fundamental, you’ll know when to buy the house you want. The lower end market were the first to rise and the first to fall. That’s why places like Mira Mesa see a much bigger drop than NCC in term of %.

You don’t need a plan B if you plan A take into consideration all possibility. If you’re so fixated on one path, you’ll miss other signals.

[sdrealtor]

That was just one of what were many insightful posts. What I loved about his posts and what he taught me was not about real estate but about life. It was not to be too heavily invested in being right. Whenever I have tried to “smart my way to wealth” my conservative nature has kept me from getting ahead. To the contrary, when I have stepped outside of my comfort zone and taken on risk w/o throwing intellect out the door I have made my biggest leaps. Nothing about the last couple posts was intended to be about real estate but rather about one’s approach to life. It was not about a soft landing but rather about staying aloft.

It was not unexpected to see a couple posts from the perspective of being overly ininvested in being right.

I have been fortunate in having worked with and for some extremely successful individuals. To them there is never a bad time to start a business or take a shot at doing something. It took me a long time to be able to change my way of thinking and i’ll admit that I still have a long way to go. I’m sure you are well on your way also.

[sdrealtor]

AN
Without even realizing it you’ve got a plan B. You should be fine no matter what happens.
SDR

[CAwireman]

Before finding this forum, I had no concept of the overall RE market. Still have ocean’s more to learn.

But, I’m now able to take a somewhat educated gamble with some element of understanding, at least far greater than I had before Piggington. And basically, there’s a consensus that fundamentals are out of whack. The exotic loans discussed on this forum are having an impact on companies and, at times, even the stock market. The theories presented here have been born out in reality.

Basically, I’m holding my cards for now and I’m willing to wait 1 to 3 years, and even longer depending upon what the numbers look like.

As with all risks (the one here is potentially being wrong and that the cost of realestate won’t drop notably) there aren’t any gaurantee’s. We have to make the best decision presented to us at the time based upon what we know, or what we think we know.

I believe this forum in general and in specific allows people from all occupations and regions to benefit from data presented from learned individuals. And, that it has no equal in prior business history in relational to breadth of knowledge presented and number of participants involved. Maybe I’m wrong, but that’s the way it appears to me. At a time when financial RE fundamentals have never been more out of alignment, its great for non-RE people like most of us on this forum to be privy to both this kind of data and the posts of those who actually do have industry knowledge.

sdr – I was on the forum when Doctuer posted his farewell and it would be great if he were to actually return.

[sdrealtor]

cawireman,
I agree with everything you said. There forum is fabulous. I have learned an enormous amount from others and hopefully Ive given something back. it is interesting because with some posters I learn by following what they say while other posters I learn by doing the opposite of what they say. Either way, we are fortunate to have such a breadth and depth of individuals here.

SDR

[Author]

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