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August 13, 2008 at 8:57 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256866August 13, 2008 at 8:57 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256870
BKlawyer
ParticipantYou guys crack me up even more! Yeah,I get it, “Even a broken clock is right 2x/day”. Right. . . . 3-4 years ago I gave seminars w/Papa Kappa about foreclosures and what was coming and how it was gonna go down. 3 rows, each filled with 15 RE agents/brokers, look to you left, look to your right, at least one of the rows won’t be here in 5 years. There are BIG time players in this town who are being EATEN alive by what’s going on. You’ll see their names soon enough. After their BKs. Those of us on the street are seeing it first hand. The rest of you are whistling past the graveyard. . .
August 13, 2008 at 8:57 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256928ParticipantYou guys crack me up even more! Yeah,I get it, “Even a broken clock is right 2x/day”. Right. . . . 3-4 years ago I gave seminars w/Papa Kappa about foreclosures and what was coming and how it was gonna go down. 3 rows, each filled with 15 RE agents/brokers, look to you left, look to your right, at least one of the rows won’t be here in 5 years. There are BIG time players in this town who are being EATEN alive by what’s going on. You’ll see their names soon enough. After their BKs. Those of us on the street are seeing it first hand. The rest of you are whistling past the graveyard. . .
August 12, 2008 at 11:20 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256649ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256603ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256546ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256539ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
August 12, 2008 at 11:20 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256359ParticipantYou RE guys crack me up! Yeah, 2 years ago you knew something was up but stood your ground??!! (and wisely?? kept your mouths shut? And still sold ADJ ARMS to the $14/hr. hairdressors??) Those of us who have been screaming banshees for the last 7 yrs. are now prophets in the rear view mirrors! San Diego RE is in the process of a donkey wash in a BIG way. Go ahead and “pick up” properties that are a “good value”. We haven’t had this devaluation since the depression. . . which took 20+ yrs. to recover. PLEASE!!!!!!! explain how this market will come back around Soon !!!!!!!!
ParticipantWhat????????? The “gulf between the haves and the have nots”???? The gulf is NARROWING at a frightening speed! I’m now doing BKs for people who own MULTI million $$$ properties in N. County who were pullin in mega bucks a few years ago. They bought into the RE nonsense and are into spec projects, condo conversions, etc. These are people whose names ARE well know in the SD community. And please explain how (and more importantly, why) “the rich” will become richer by snatching up a depreciating asset that will continue to drop and stall for 5-10 years. Remember that after the “great depression” it really was 25 years and 2 world wars before our economy came back in the 50’s. Many economists now opine that this credit crunch will make that depression look like a “walk in the park” compared to what we are gonna go through. Whistle past the graveyard if you like. . .
ParticipantWhat????????? The “gulf between the haves and the have nots”???? The gulf is NARROWING at a frightening speed! I’m now doing BKs for people who own MULTI million $$$ properties in N. County who were pullin in mega bucks a few years ago. They bought into the RE nonsense and are into spec projects, condo conversions, etc. These are people whose names ARE well know in the SD community. And please explain how (and more importantly, why) “the rich” will become richer by snatching up a depreciating asset that will continue to drop and stall for 5-10 years. Remember that after the “great depression” it really was 25 years and 2 world wars before our economy came back in the 50’s. Many economists now opine that this credit crunch will make that depression look like a “walk in the park” compared to what we are gonna go through. Whistle past the graveyard if you like. . .
ParticipantWhat????????? The “gulf between the haves and the have nots”???? The gulf is NARROWING at a frightening speed! I’m now doing BKs for people who own MULTI million $$$ properties in N. County who were pullin in mega bucks a few years ago. They bought into the RE nonsense and are into spec projects, condo conversions, etc. These are people whose names ARE well know in the SD community. And please explain how (and more importantly, why) “the rich” will become richer by snatching up a depreciating asset that will continue to drop and stall for 5-10 years. Remember that after the “great depression” it really was 25 years and 2 world wars before our economy came back in the 50’s. Many economists now opine that this credit crunch will make that depression look like a “walk in the park” compared to what we are gonna go through. Whistle past the graveyard if you like. . .
ParticipantWhat????????? The “gulf between the haves and the have nots”???? The gulf is NARROWING at a frightening speed! I’m now doing BKs for people who own MULTI million $$$ properties in N. County who were pullin in mega bucks a few years ago. They bought into the RE nonsense and are into spec projects, condo conversions, etc. These are people whose names ARE well know in the SD community. And please explain how (and more importantly, why) “the rich” will become richer by snatching up a depreciating asset that will continue to drop and stall for 5-10 years. Remember that after the “great depression” it really was 25 years and 2 world wars before our economy came back in the 50’s. Many economists now opine that this credit crunch will make that depression look like a “walk in the park” compared to what we are gonna go through. Whistle past the graveyard if you like. . .
ParticipantWhat????????? The “gulf between the haves and the have nots”???? The gulf is NARROWING at a frightening speed! I’m now doing BKs for people who own MULTI million $$$ properties in N. County who were pullin in mega bucks a few years ago. They bought into the RE nonsense and are into spec projects, condo conversions, etc. These are people whose names ARE well know in the SD community. And please explain how (and more importantly, why) “the rich” will become richer by snatching up a depreciating asset that will continue to drop and stall for 5-10 years. Remember that after the “great depression” it really was 25 years and 2 world wars before our economy came back in the 50’s. Many economists now opine that this credit crunch will make that depression look like a “walk in the park” compared to what we are gonna go through. Whistle past the graveyard if you like. . .
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