[anxvariety]

This is a common misconceptions that lower prices and higher rates leading to equal monthly payments are essentially the same thing. They are not. I wrote a lengthy post about this topic on my blog.

I see what you’re saying but I think there are many other factors.. I personally think that the best deals may be panic sells early in this cycle… where people just want to protect the equity they already have… I’m trying to buy a house off a bank though, so that may be unlikely..

I’m looking for a place to live.. If I wait another 12 months, thats another $20,000 in rent.. Shouldn’t that be included in your calculations? If you’re comparing 2 scenarios involving time, I think rent should be included.. because both people or scenarios require some place to live or stay while the prices come down and interest rates go up.. IMO, it’s more significant than the opportunity cost you mentioned.

[anxvariety]

Woodrow, in % what do you consider to be a ‘slight’ discount?

[anxvariety]

Wow, I just received a counter! How long until the buyer/seller market paradigm shift is complete? Imagine the temper tantrums some of the slimiest realtors are having? Or the ones that listen to motivational stuff trying to will their house to sale(ie. Annet Benning on American Beauty)!

I honestly don’t think I’m going to get the seller to come down as much as I want right away.. I think this offer/counter relationship could be a year or longer until the market brings reality closer!

I definitely feel like I’m doing my part in spreading reality… who is even putting offers in on places? Maybe thats why most realtors think the market is at a standstill! Maybe we should all start submitting offers, it may give them a better pic of reality.. because as far as I can tell, the piggington users are the next wave of patient buyers in line with no one in front us!

[anxvariety]

LookOut, maybe so but then again maybe our mortgage will be the same as you’re paying +2% interest… I don’t know what’s going to happen, but I think there will be a happy medium or intersect between rates and prices.

[anxvariety]

My offer was 20% below the listing price and the place is a foreclosure.. I felt my offer price would have made it right even for a bear like me… BUT it doesn’t matter because the seller didn’t agree with my assessment! I have this vision that my offer must have lingered through the listing office like a stink bomb!! 🙂

I can see how people fall in love with places, but thankfully I’m calloused to current prices and conditions thanks to the visions presented here by Rich and others…

[anxvariety]

Thanks asianautica, I just sold my CHB and CAV.. Most of my recent thoughts on the market have been proven wrong so I’ve been selling stuff and staying out until some of my play-trades start looking better.

What are you in these days?

[anxvariety]

Go CHB!

I actually sold my shares.. the rise was pretty rapid and I want to see where it’s going to settle down before getting back in.

[anxvariety]

I’ve always blamed the media.. I believe it trains people to be short tempered and dramatic.. also teaches them to have knee jerk responses to opinions that are not standard.. Most people just aren’t very perceptive and cannot critically think for themselves, they need to be spoonfed, but only from the media not their friends or other people…

[anxvariety]

jg, I enjoy reading the stuff you write. What do you do for work? Are you a San Diego resident?

[anxvariety]

Boils down to ‘The Law of Attraction’. I haven’t seen the whole thing as I couldnt sit through it.. but it’s alot like What the Bleep Do We Know and it is similiar to the more famous and less hyped ‘Think and Grow Rich’ by Napolean Hill.

[anxvariety]

There’s a Fish House Vera Cruz out there.. not fancy, but a great place.

[anxvariety]

Vote no on everything and you’ll win a prize.

[anxvariety]

How about today?? LEND announced its going to miss forecasts… shares down 13% so far today.

[anxvariety]

Someone sold the mid-term election year bull in this forum as the most popularly identifable bull trend.. yet when it comes, the person tries to take credit for calling it 3 months late? LOL

I’m tired of hearing people play both sides making vague statements in here and then trying to take credit for a “prediction” when things unfold…

I’m for making concrete measurable predictions for those that want to take credit for wins… otherwise it’s just psycho-babble and I have to police it and battle newsletter peddlers.

[anxvariety]

At some point you need a moderator to keep things from getting out of hand.

That doesn’t sound like a hockey player to me!

Tom Baldwin threw a pencil across the bond trading pit and it stuck in the head of another trader when they were arguing over on OUT TRADE.

I used to throw pencils too… when I was in 3rd grade.

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