Forum Replies Created
-
AuthorPosts
-
June 29, 2007 at 8:39 AM in reply to: Ouch. 1 month later, still no takers on this CV townhome. #62883June 29, 2007 at 8:39 AM in reply to: Ouch. 1 month later, still no takers on this CV townhome. #62931
Alex_angel
ParticipantFor $550k, they can keep it. What an ugly place.
ParticipantFor those of you that try to compare today’s situation with the mid 90’s is just sad. Look back to the mid 90’s and tell me how many millionaires there were before the .com boom? How many billionaires? How many 20-30 year olds did you know in the early 90’s that were making well over $100k and had a net worth of over a million dollars? You guys just don’t get it. There are more rich young people today then ever before. There are enough people with money to keep this market steady and going. You look at the high forclosure numbers but put that in perspective to the amount of new homes and condos that popped up in the last 5 years. Those people are not the norm these days but the exception. You all seem to forget that 1 in 5 americans live in California. Not all are poor illegal immigrants with sub-prime mortgages. You should try forgetting about the early 90’s because we are in a different time right now.
ParticipantFor those of you that try to compare today’s situation with the mid 90’s is just sad. Look back to the mid 90’s and tell me how many millionaires there were before the .com boom? How many billionaires? How many 20-30 year olds did you know in the early 90’s that were making well over $100k and had a net worth of over a million dollars? You guys just don’t get it. There are more rich young people today then ever before. There are enough people with money to keep this market steady and going. You look at the high forclosure numbers but put that in perspective to the amount of new homes and condos that popped up in the last 5 years. Those people are not the norm these days but the exception. You all seem to forget that 1 in 5 americans live in California. Not all are poor illegal immigrants with sub-prime mortgages. You should try forgetting about the early 90’s because we are in a different time right now.
ParticipantIt is pure throwing away money. I rented for 5 years and paid a little over $100k in rent and what did I have to show for it? Why equity did I have? Couple that with the lack of tax breaks I got I paid out almost $200k for nothing! believe what you want but renting is a suckers deal.
ParticipantIt is pure throwing away money. I rented for 5 years and paid a little over $100k in rent and what did I have to show for it? Why equity did I have? Couple that with the lack of tax breaks I got I paid out almost $200k for nothing! believe what you want but renting is a suckers deal.
ParticipantMyito. good for you. If you have the money and don’t care to sell and just want a place to live then all the power to you. People that care about the year ins and year outs of home prices here are either flippers or investors. Families don’t care. they lock in a price and know what the next 30 years will bring. Your family is numero uno and giving them a home is tops on my list.
The money you could have been wasting on rent is now going towards building your personal fortune instead. God bless and take care.ParticipantMyito. good for you. If you have the money and don’t care to sell and just want a place to live then all the power to you. People that care about the year ins and year outs of home prices here are either flippers or investors. Families don’t care. they lock in a price and know what the next 30 years will bring. Your family is numero uno and giving them a home is tops on my list.
The money you could have been wasting on rent is now going towards building your personal fortune instead. God bless and take care.June 21, 2007 at 12:30 PM in reply to: Bank of America’s Lewis Says U.S. Housing Slump Is Almost Over #61057ParticipantHow will the economy pick up? I’ll still be making the same salary in the third and fourth quarters as I am now. So will the majority of people. Gas is still high, food is expensive, everything is expensive yet somehow magically the economy will bounce back. With interest rates rising there will be more forclosures, more people waiting to buy a home and a market that hasn’t yet even seen the worse that is coming. What a tool.
June 21, 2007 at 12:30 PM in reply to: Bank of America’s Lewis Says U.S. Housing Slump Is Almost Over #61094ParticipantHow will the economy pick up? I’ll still be making the same salary in the third and fourth quarters as I am now. So will the majority of people. Gas is still high, food is expensive, everything is expensive yet somehow magically the economy will bounce back. With interest rates rising there will be more forclosures, more people waiting to buy a home and a market that hasn’t yet even seen the worse that is coming. What a tool.
June 21, 2007 at 9:48 AM in reply to: Now back to our regularly scheduled programming on NOD’s #60978ParticipantRates going up only means that doc will keep on growing in size. Expect the next one to be at least 200 pages.
June 21, 2007 at 9:48 AM in reply to: Now back to our regularly scheduled programming on NOD’s #61014ParticipantRates going up only means that doc will keep on growing in size. Expect the next one to be at least 200 pages.
Participantnor_la
The recent bloomberg article states that people can afford 8% less house now than 5 weeks ago due to the spike in rates. As you said, the sellers now need to come down at least that much.
This is going to be a really bad next few months for the RE market.
Participantnor_la
The recent bloomberg article states that people can afford 8% less house now than 5 weeks ago due to the spike in rates. As you said, the sellers now need to come down at least that much.
This is going to be a really bad next few months for the RE market.
ParticipantFormerSanDiegan, that was classic. Post of the day!
-
AuthorPosts
