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ParticipantThanks for the comments, and maybe I’m too idealistic, but my intention in becoming an agent would be along the lines of NOT putting people in homes they can’t afford. I also feel I’ve invested a lot in learning about RE, so why not take advantage of that knowledge, even if I only ever did it to buy my own home. SD Realtor is a good example on a respectable agent who can make a living among what otherwise appears to be an industry of get rich quick thieves.
My misspelling of the title was inadvertant, though comical, and as someone said may qualify me for the role.
ParticipantThanks for the comments, and maybe I’m too idealistic, but my intention in becoming an agent would be along the lines of NOT putting people in homes they can’t afford. I also feel I’ve invested a lot in learning about RE, so why not take advantage of that knowledge, even if I only ever did it to buy my own home. SD Realtor is a good example on a respectable agent who can make a living among what otherwise appears to be an industry of get rich quick thieves.
My misspelling of the title was inadvertant, though comical, and as someone said may qualify me for the role.
July 27, 2007 at 10:23 AM in reply to: While not a perfect solution, the best way to avoid foreclosure . . . #68086ParticipantBEST WAY TO AVOID FORECLOSURE:
Don’t buy a house you can’t afford, with payments that will go up that you won’t be able to afford, a car you can’t afford, a plasma TV you can’t afford, or a lifestyle you can’t afford.
After all of that NET income must be > NET expenses.
-Rocket Scientist/Brain Surgeon
July 27, 2007 at 10:23 AM in reply to: While not a perfect solution, the best way to avoid foreclosure . . . #68153ParticipantBEST WAY TO AVOID FORECLOSURE:
Don’t buy a house you can’t afford, with payments that will go up that you won’t be able to afford, a car you can’t afford, a plasma TV you can’t afford, or a lifestyle you can’t afford.
After all of that NET income must be > NET expenses.
-Rocket Scientist/Brain Surgeon
ParticipantThis is telling:
“The benchmark index has gained more than 2,700 points since the beginning of 2006, and went from 13,000 to 14,000 in only 58 days. Before that, it only took 126 days for the Dow to move from 12,000 to 13,000, which happened on April 25.
In contrast, it took seven years for the index to make the 1,000-point jump from 11,000 to 12,000.”
ParticipantThis is telling:
“The benchmark index has gained more than 2,700 points since the beginning of 2006, and went from 13,000 to 14,000 in only 58 days. Before that, it only took 126 days for the Dow to move from 12,000 to 13,000, which happened on April 25.
In contrast, it took seven years for the index to make the 1,000-point jump from 11,000 to 12,000.”
ParticipantI don’t know, depends on how you interpret it. They’re liberal with numbers, so we can be liberal with words; maybe they mean “consumers finally realized houses are overpriced.”
The NAR is still a bunch of goobers though.
ParticipantI don’t know, depends on how you interpret it. They’re liberal with numbers, so we can be liberal with words; maybe they mean “consumers finally realized houses are overpriced.”
The NAR is still a bunch of goobers though.
ParticipantSorry Scruffy, but wrong again. Just see yesterday’s Times article.
Bel Aire saw 50% declines in the last housing boom/bust and that rise in prices pales in comparison. They’re still building in LA Metro too: senior apts, hi-rises converted to lofts, row houses, condos conversions, and massive tracts on the outskirts. They’re squeezing them in anywhere they can. I question the truth of a builder’s claim the homes are selling out.
I’ll concede no one really knows when and how much prices will drop, but the same things were said during the last cycle, and prices plummeted.
Nothing to worry about? As long as you have a mortgage you can afford that won’t go up, but I venture to say very few that bought in the last 3 years are so worry-free.
Glad to hear you’re coming around on SD though. LA will follow.
ParticipantSorry Scruffy, but wrong again. Just see yesterday’s Times article.
Bel Aire saw 50% declines in the last housing boom/bust and that rise in prices pales in comparison. They’re still building in LA Metro too: senior apts, hi-rises converted to lofts, row houses, condos conversions, and massive tracts on the outskirts. They’re squeezing them in anywhere they can. I question the truth of a builder’s claim the homes are selling out.
I’ll concede no one really knows when and how much prices will drop, but the same things were said during the last cycle, and prices plummeted.
Nothing to worry about? As long as you have a mortgage you can afford that won’t go up, but I venture to say very few that bought in the last 3 years are so worry-free.
Glad to hear you’re coming around on SD though. LA will follow.
ParticipantWhat you’re feeling is the fact that mainstream media is finally accepting that a soft landing is not gonna happen.
Foreclosures and inventories are up, sales and prices are down. People are out of money, equity, and strapped by debt.
It ultimately doesn’t matter what anyone thinks, wants, or feels. The wrecklessness has been sewn, and now the fallout is being reaped.
We’ve just known it for longer than everyone else, so it’s validating when other people see the light.
ParticipantWhat you’re feeling is the fact that mainstream media is finally accepting that a soft landing is not gonna happen.
Foreclosures and inventories are up, sales and prices are down. People are out of money, equity, and strapped by debt.
It ultimately doesn’t matter what anyone thinks, wants, or feels. The wrecklessness has been sewn, and now the fallout is being reaped.
We’ve just known it for longer than everyone else, so it’s validating when other people see the light.
ParticipantStansd, that looks like the one I was referring to, thanks a lot. And thanks for the other comments guys, it’s actually for family members that are considering buying.
I am currently in a 2Br for $1100/mo, and just moved from the unit next door where I paid $750/mo for three years. No increases. I have never owned so I have no equity, just saving for a down payment.
Vrundy you touched on this, and I agree. One reason not to buy now is unless you got a well below-market price, you’ll lose more equity in the next few years as prices drop. Everyone seems to think renting is a waste of money, and that’s the mindset I am addressing and that link will help.
Thanks again guys.
ParticipantStansd, that looks like the one I was referring to, thanks a lot. And thanks for the other comments guys, it’s actually for family members that are considering buying.
I am currently in a 2Br for $1100/mo, and just moved from the unit next door where I paid $750/mo for three years. No increases. I have never owned so I have no equity, just saving for a down payment.
Vrundy you touched on this, and I agree. One reason not to buy now is unless you got a well below-market price, you’ll lose more equity in the next few years as prices drop. Everyone seems to think renting is a waste of money, and that’s the mindset I am addressing and that link will help.
Thanks again guys.
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