Forum Replies Created
-
AuthorPosts
-
contraman
ParticipantBottom Line.
If you want to go buy a house, then buy a house.
If you want to wait until the FUNDAMENTALS are back to reasonable, then wait until that happens.
THE MEDIAN INCOME TO MEDIAN HOME PRICE IS STILL OUT OF WHACK.
If you want to have 79% of your net income every month pay the mortgage then go ahead and live that ball and chain life.
As for me, I will wait and take my chances. I rent in La Jolla for $1760.00 a month. My monthly nut to buy the place with 20% down (90,000)would be around $3500.00.
Has anybody realized this yet here? It is half the price to rent? Why buy? I will take the $90,000 and put it in precious metals and feel a lot better when I wake up one morning and my next door neighbor just foreclosed on his house because Qualcomm cut his job because people are not buying new cell phones for their spoiled kids this Xmas…..
Sincerely, Contraman
ParticipantBottom Line.
If you want to go buy a house, then buy a house.
If you want to wait until the FUNDAMENTALS are back to reasonable, then wait until that happens.
THE MEDIAN INCOME TO MEDIAN HOME PRICE IS STILL OUT OF WHACK.
If you want to have 79% of your net income every month pay the mortgage then go ahead and live that ball and chain life.
As for me, I will wait and take my chances. I rent in La Jolla for $1760.00 a month. My monthly nut to buy the place with 20% down (90,000)would be around $3500.00.
Has anybody realized this yet here? It is half the price to rent? Why buy? I will take the $90,000 and put it in precious metals and feel a lot better when I wake up one morning and my next door neighbor just foreclosed on his house because Qualcomm cut his job because people are not buying new cell phones for their spoiled kids this Xmas…..
Sincerely, Contraman
ParticipantBottom Line.
If you want to go buy a house, then buy a house.
If you want to wait until the FUNDAMENTALS are back to reasonable, then wait until that happens.
THE MEDIAN INCOME TO MEDIAN HOME PRICE IS STILL OUT OF WHACK.
If you want to have 79% of your net income every month pay the mortgage then go ahead and live that ball and chain life.
As for me, I will wait and take my chances. I rent in La Jolla for $1760.00 a month. My monthly nut to buy the place with 20% down (90,000)would be around $3500.00.
Has anybody realized this yet here? It is half the price to rent? Why buy? I will take the $90,000 and put it in precious metals and feel a lot better when I wake up one morning and my next door neighbor just foreclosed on his house because Qualcomm cut his job because people are not buying new cell phones for their spoiled kids this Xmas…..
Sincerely, Contraman
ParticipantBottom Line.
If you want to go buy a house, then buy a house.
If you want to wait until the FUNDAMENTALS are back to reasonable, then wait until that happens.
THE MEDIAN INCOME TO MEDIAN HOME PRICE IS STILL OUT OF WHACK.
If you want to have 79% of your net income every month pay the mortgage then go ahead and live that ball and chain life.
As for me, I will wait and take my chances. I rent in La Jolla for $1760.00 a month. My monthly nut to buy the place with 20% down (90,000)would be around $3500.00.
Has anybody realized this yet here? It is half the price to rent? Why buy? I will take the $90,000 and put it in precious metals and feel a lot better when I wake up one morning and my next door neighbor just foreclosed on his house because Qualcomm cut his job because people are not buying new cell phones for their spoiled kids this Xmas…..
Sincerely, Contraman
ParticipantYou remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?
Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..
Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.
Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….
Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….
You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.
PATIENCE…..RENT FOR 2 YEARS….
Sincerely, Contraman
ParticipantYou remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?
Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..
Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.
Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….
Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….
You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.
PATIENCE…..RENT FOR 2 YEARS….
Sincerely, Contraman
ParticipantYou remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?
Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..
Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.
Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….
Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….
You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.
PATIENCE…..RENT FOR 2 YEARS….
Sincerely, Contraman
ParticipantYou remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?
Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..
Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.
Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….
Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….
You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.
PATIENCE…..RENT FOR 2 YEARS….
Sincerely, Contraman
ParticipantYou remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?
Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..
Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.
Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….
Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….
You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.
PATIENCE…..RENT FOR 2 YEARS….
Sincerely, Contraman
ParticipantParticipantParticipantParticipantParticipant -
AuthorPosts
