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ParticipantIf (like me) you subscribe to the 100 monkey theory then each one of these analysts who reverses course could be considered to represent one more monkey being added to the total. Sooner or later the monkey that jumps onboard is going to be that 100th monkey and when that happens every remaining monkey that isn’t already onboard is going to get on. Then we’ll see what a correction to an unprecedented boom looks like.
ParticipantIf (like me) you subscribe to the 100 monkey theory then each one of these analysts who reverses course could be considered to represent one more monkey being added to the total. Sooner or later the monkey that jumps onboard is going to be that 100th monkey and when that happens every remaining monkey that isn’t already onboard is going to get on. Then we’ll see what a correction to an unprecedented boom looks like.
ParticipantI was only so-so at it. I liked it, but I never had the personality to go 20 years in that line of work; at least, not in an active town like I was working in. I would have wound up being either completely apathetic or else completely emotional about it all, an ends-justifies-the-means type. Neither extreme is good. Some people can keep that middle ground no matter what, but I didn’t think I was one of them.
Actually, a lot of what I learned from that line of work came in handy for what I do now. It was an easy transition for me. Observe and report, just the facts, it is what it is, write it all up in a manner that makes sense and above all tell the truth as well as I know it. I get most all the upsides of the role without any of the cost. Plus nights, weekends and holidays off.
ParticipantI was only so-so at it. I liked it, but I never had the personality to go 20 years in that line of work; at least, not in an active town like I was working in. I would have wound up being either completely apathetic or else completely emotional about it all, an ends-justifies-the-means type. Neither extreme is good. Some people can keep that middle ground no matter what, but I didn’t think I was one of them.
Actually, a lot of what I learned from that line of work came in handy for what I do now. It was an easy transition for me. Observe and report, just the facts, it is what it is, write it all up in a manner that makes sense and above all tell the truth as well as I know it. I get most all the upsides of the role without any of the cost. Plus nights, weekends and holidays off.
ParticipantI’d have no problem being called a Pigg. It didn’t bother me one bit when I was working up in the OC as a cop, I surely wouldn’t let it bother me as a result of hanging out here.
ParticipantI’d have no problem being called a Pigg. It didn’t bother me one bit when I was working up in the OC as a cop, I surely wouldn’t let it bother me as a result of hanging out here.
ParticipantCan you wait 3 – 5 years, or longer if necessary?
ParticipantCan you wait 3 – 5 years, or longer if necessary?
ParticipantI found interesting his comment that the Fed could reverse the trend by lowering the prime by 1%. For a $230,000 loan, the difference between monthly payments between 6.5% mortgage and a 5.5% mortgage is $145. I can’t imagine that would make enough difference nationwide to keep people in their homes or increase demand.
There’s another video on the same page that is a clip from a local TV news broadcast in the Sacramento area. This piece talks about the high foreclosure rate in one of the zips up there, and focuses on a couple residental subdivisions where 20% and 25% of the homes have been taken back from the banks, and where they are unable to resell those homes at even 50% off the 2006 purchase prices.
The ARMS are coming home to roost.
ParticipantI found interesting his comment that the Fed could reverse the trend by lowering the prime by 1%. For a $230,000 loan, the difference between monthly payments between 6.5% mortgage and a 5.5% mortgage is $145. I can’t imagine that would make enough difference nationwide to keep people in their homes or increase demand.
There’s another video on the same page that is a clip from a local TV news broadcast in the Sacramento area. This piece talks about the high foreclosure rate in one of the zips up there, and focuses on a couple residental subdivisions where 20% and 25% of the homes have been taken back from the banks, and where they are unable to resell those homes at even 50% off the 2006 purchase prices.
The ARMS are coming home to roost.
Participant“No relevant land comps” in Riverside? Hmmm. I’d have to see that one. I seldom find the land comps I’d LIKE to have, but for most property types there are usually some land sales that relate. If not, there are other – albeit less desirable – methods for valuing land.
Participant“No relevant land comps” in Riverside? Hmmm. I’d have to see that one. I seldom find the land comps I’d LIKE to have, but for most property types there are usually some land sales that relate. If not, there are other – albeit less desirable – methods for valuing land.
ParticipantI think we all have more in common than not. We’d all agree that balance is good. Most of us would agree that money is not the only thing, and it’s often not even the most important thing.
But I also think that most of our regulars would agree that – from a financial perspective – now is still a horrible time to buy.
ParticipantI think we all have more in common than not. We’d all agree that balance is good. Most of us would agree that money is not the only thing, and it’s often not even the most important thing.
But I also think that most of our regulars would agree that – from a financial perspective – now is still a horrible time to buy.
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