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ParticipantPeople are losing jobs and I’m sorry about that. However, I’m not going to support anything that will keep the current value of homes from crashing back down to ’96 (or before) prices. That’s where they should be.
Are you serious about this? ’96 price? Back then, a 1500 sq-ft house in Mira Mesa cost around $150k. Which would bring a 30 year fixed payment at today’s rate to be around $900. Do you seriously think a house that can rent for at least $1700 will sell for a price that would bring PITI well under rent? I’d love to see that too, but I highly doubt it’ll ever happen.
citydweller, a home is also the largest investment most of us will ever make, regardless if you see it as such or not. If things goes according to what some of us on here believe, then there’s really no reason not to walk. Walk today, 7 years later, buy back at a much lower price. It might not be morally fair or just, but that’s not what the OP is asking and guess what? Life’s not fair.
Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.
Greed is what make America and capitalism work so well. If human being don’t have greed, Communism would thrive with no corruption by now. Face it, greed is in everybody, whether they admit to it or not.ParticipantPeople are losing jobs and I’m sorry about that. However, I’m not going to support anything that will keep the current value of homes from crashing back down to ’96 (or before) prices. That’s where they should be.
Are you serious about this? ’96 price? Back then, a 1500 sq-ft house in Mira Mesa cost around $150k. Which would bring a 30 year fixed payment at today’s rate to be around $900. Do you seriously think a house that can rent for at least $1700 will sell for a price that would bring PITI well under rent? I’d love to see that too, but I highly doubt it’ll ever happen.
citydweller, a home is also the largest investment most of us will ever make, regardless if you see it as such or not. If things goes according to what some of us on here believe, then there’s really no reason not to walk. Walk today, 7 years later, buy back at a much lower price. It might not be morally fair or just, but that’s not what the OP is asking and guess what? Life’s not fair.
Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.
Greed is what make America and capitalism work so well. If human being don’t have greed, Communism would thrive with no corruption by now. Face it, greed is in everybody, whether they admit to it or not.ParticipantPeople are losing jobs and I’m sorry about that. However, I’m not going to support anything that will keep the current value of homes from crashing back down to ’96 (or before) prices. That’s where they should be.
Are you serious about this? ’96 price? Back then, a 1500 sq-ft house in Mira Mesa cost around $150k. Which would bring a 30 year fixed payment at today’s rate to be around $900. Do you seriously think a house that can rent for at least $1700 will sell for a price that would bring PITI well under rent? I’d love to see that too, but I highly doubt it’ll ever happen.
citydweller, a home is also the largest investment most of us will ever make, regardless if you see it as such or not. If things goes according to what some of us on here believe, then there’s really no reason not to walk. Walk today, 7 years later, buy back at a much lower price. It might not be morally fair or just, but that’s not what the OP is asking and guess what? Life’s not fair.
Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.
Greed is what make America and capitalism work so well. If human being don’t have greed, Communism would thrive with no corruption by now. Face it, greed is in everybody, whether they admit to it or not.ParticipantNo, you’re suffering because YOU, yourself made a bad choice. Don’t blame it on other people. You didn’t have to sign on the dotted line. You have a brain just like everyone else. You bought in an overinflated market, you should have known the risk. You should have used your own intellect in determining if that piece of property you bought was really worth 1 mil. Just because your neighbors bought their unit for 900k doesn’t mean your unit was worth 1 mil. If someone told you to jump off a cliff and you won’t get hurt, are you gonna do it?
That’s pretty harsh coming from someone who complained about their alimony being reduced. One can easily say the same thing about your situation. You’re the one who CHOSE to marry the POS ex-husband. My point is that, it is part of his part but it’s also the bank’s fault for the whole lose lending. He’s just asking for ideas about the ramification of walking.
These kind of attitudes are why the government is considering a bail-out, and it’s not fair to those of us who chose to act judiciously during crazy times. So, the government bails you out and guess who loses? I do.
P.S. I have nothing against you and I hope you can do whatever you can to minimize the pain. Hopefully these people on here can give you some good suggestions, but NO goverment bail-out, please.
Last I check, he/she didn’t ask for government bail out. That actually got stated implicitly once and he/she never asked about it either.ParticipantNo, you’re suffering because YOU, yourself made a bad choice. Don’t blame it on other people. You didn’t have to sign on the dotted line. You have a brain just like everyone else. You bought in an overinflated market, you should have known the risk. You should have used your own intellect in determining if that piece of property you bought was really worth 1 mil. Just because your neighbors bought their unit for 900k doesn’t mean your unit was worth 1 mil. If someone told you to jump off a cliff and you won’t get hurt, are you gonna do it?
That’s pretty harsh coming from someone who complained about their alimony being reduced. One can easily say the same thing about your situation. You’re the one who CHOSE to marry the POS ex-husband. My point is that, it is part of his part but it’s also the bank’s fault for the whole lose lending. He’s just asking for ideas about the ramification of walking.
These kind of attitudes are why the government is considering a bail-out, and it’s not fair to those of us who chose to act judiciously during crazy times. So, the government bails you out and guess who loses? I do.
P.S. I have nothing against you and I hope you can do whatever you can to minimize the pain. Hopefully these people on here can give you some good suggestions, but NO goverment bail-out, please.
Last I check, he/she didn’t ask for government bail out. That actually got stated implicitly once and he/she never asked about it either.ParticipantNo, you’re suffering because YOU, yourself made a bad choice. Don’t blame it on other people. You didn’t have to sign on the dotted line. You have a brain just like everyone else. You bought in an overinflated market, you should have known the risk. You should have used your own intellect in determining if that piece of property you bought was really worth 1 mil. Just because your neighbors bought their unit for 900k doesn’t mean your unit was worth 1 mil. If someone told you to jump off a cliff and you won’t get hurt, are you gonna do it?
That’s pretty harsh coming from someone who complained about their alimony being reduced. One can easily say the same thing about your situation. You’re the one who CHOSE to marry the POS ex-husband. My point is that, it is part of his part but it’s also the bank’s fault for the whole lose lending. He’s just asking for ideas about the ramification of walking.
These kind of attitudes are why the government is considering a bail-out, and it’s not fair to those of us who chose to act judiciously during crazy times. So, the government bails you out and guess who loses? I do.
P.S. I have nothing against you and I hope you can do whatever you can to minimize the pain. Hopefully these people on here can give you some good suggestions, but NO goverment bail-out, please.
Last I check, he/she didn’t ask for government bail out. That actually got stated implicitly once and he/she never asked about it either.ParticipantNo, you’re suffering because YOU, yourself made a bad choice. Don’t blame it on other people. You didn’t have to sign on the dotted line. You have a brain just like everyone else. You bought in an overinflated market, you should have known the risk. You should have used your own intellect in determining if that piece of property you bought was really worth 1 mil. Just because your neighbors bought their unit for 900k doesn’t mean your unit was worth 1 mil. If someone told you to jump off a cliff and you won’t get hurt, are you gonna do it?
That’s pretty harsh coming from someone who complained about their alimony being reduced. One can easily say the same thing about your situation. You’re the one who CHOSE to marry the POS ex-husband. My point is that, it is part of his part but it’s also the bank’s fault for the whole lose lending. He’s just asking for ideas about the ramification of walking.
These kind of attitudes are why the government is considering a bail-out, and it’s not fair to those of us who chose to act judiciously during crazy times. So, the government bails you out and guess who loses? I do.
P.S. I have nothing against you and I hope you can do whatever you can to minimize the pain. Hopefully these people on here can give you some good suggestions, but NO goverment bail-out, please.
Last I check, he/she didn’t ask for government bail out. That actually got stated implicitly once and he/she never asked about it either.ParticipantNo, you’re suffering because YOU, yourself made a bad choice. Don’t blame it on other people. You didn’t have to sign on the dotted line. You have a brain just like everyone else. You bought in an overinflated market, you should have known the risk. You should have used your own intellect in determining if that piece of property you bought was really worth 1 mil. Just because your neighbors bought their unit for 900k doesn’t mean your unit was worth 1 mil. If someone told you to jump off a cliff and you won’t get hurt, are you gonna do it?
That’s pretty harsh coming from someone who complained about their alimony being reduced. One can easily say the same thing about your situation. You’re the one who CHOSE to marry the POS ex-husband. My point is that, it is part of his part but it’s also the bank’s fault for the whole lose lending. He’s just asking for ideas about the ramification of walking.
These kind of attitudes are why the government is considering a bail-out, and it’s not fair to those of us who chose to act judiciously during crazy times. So, the government bails you out and guess who loses? I do.
P.S. I have nothing against you and I hope you can do whatever you can to minimize the pain. Hopefully these people on here can give you some good suggestions, but NO goverment bail-out, please.
Last I check, he/she didn’t ask for government bail out. That actually got stated implicitly once and he/she never asked about it either.ParticipantIf you account for property tax, then you also have to account for tax deduction as well.
ParticipantIf you account for property tax, then you also have to account for tax deduction as well.
ParticipantIf you account for property tax, then you also have to account for tax deduction as well.
ParticipantIf you account for property tax, then you also have to account for tax deduction as well.
ParticipantIf you account for property tax, then you also have to account for tax deduction as well.
ParticipantI agree European cars have always been and will always will be more expensive than comparable Japanese. However, I don’t think people will continue to buy the European cars if comparable Japanese are at considerable discount. Even when the $ has been declining drastically in the last 5 years, prices of European cars hasn’t increase much, just 1-2% a year. Same goes for Japanese models. So if all of a sudden, the European cars increased in price by 40-50%, I highly doubt people will put up with it. There’s not that many people who can afford $60k+ cars. If the entry level luxury European cars get to that level, they’d probably be squeezed out of the market. That’s just my guess. Just look at how many 550i and E550 get sold each month and you can see how many people actually can afford that price.
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