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Critter
ParticipantGold_Dredger, here's the link to the story about the couple who had to sell their house after the wife ran up all the credit cards:
http://thehousingbubbleblog.com/?p=1811
I got the impression she had many credit cards and a husband who didn't check the mail very often (or answer the phone). It takes a lot of work to spend $80K when you’re unemployed.
ParticipantThe Housing Bubble Blog was covering a story about a couple who bought a house a couple of years ago and then the wife, while unemployed, racked up $80K worth of credit card debt. They refinanced to cover the debt and then “discovered” new debt because the wife kept on charging. In this case, owning a house not only discouraged saving, but encouraged spending.
Their house is up for sale now because it is the only way they can pay off that pesky credit card debt. The ironic part of the story, to me, was the “we discovered new credit card bills” part. For some people, there is a disconnect between whipping out plastic at the check-out stand and opening their mailbox a month later to find a bill.
Some people cut up their cards and only buy items with cash to force themselves to get out of debt. There’s something about actually seeing money leave your wallet that makes it more precious and “real.”
ParticipantUpdate on Cupcake-Cooking Cindy: She finally sold her house, but took something like $100K off the price.
So, it seems her ultimate “snare” tool was not her delectable cupcakes, but a price drop. Back to fundamentals to trap the elusive buyer!
November 13, 2006 at 1:01 PM in reply to: Okay Santeeman, now you’re getting to be obnoxious… #39870ParticipantI kind of like childish tactics myself. Just my 2 cents.
ParticipantSDR – that’s pretty funny. With Photoshop, I guess he could use the expand tool to make the rooms look bigger. And, the perspective tool could straighten out the leaning roof.
Also possible to prune the landscape without hiring a gardener.
ParticipantGood info, PC.
I look askance at any property listing that won’t provide a picture (despite the agent/owner describing it as “really cute.”) Also – what’s up with 4824 71TH ST? Doesn’t he mean 71st St? It doesn’t look good when the street name is misspelled in the listing – I wonder what else the owner is going to get wrong.
November 11, 2006 at 4:10 PM in reply to: I couldn’t convince my neighbor there’s a housing bubble #39778ParticipantI have a friend who lives in Newbury Park, which borders Thousand Oaks. She and her husband just sold an oceanfront rental they had on the East Coast and made a lot of money since they had owned it for 15 years. Their original idea was to buy a second property in Ventura County and rent it out. After running the numbers, they decided nothing was worth buying, and they would be better off paying long-term cap gains on the sale of their East Coast home.
In other words, their cap gain penalty was a better deal than buying a depreciating asset. They will take the rest of the proceeds and buy in two-three-ten years, AFTER prices finish plummeting.
Your friend sounds like her mind is already made up.
ParticipantI agree. BTW it doesn’t take a supreme being for them to get their due. Many people shun those who have ripped off “the system,” declared bankruptcy rather than stop spending, etc.
Then these thieves wonder where their friends have gone. I’d rather hang out with positive people who are fair and honest in their business and personal dealings.
Participant“It is not your money…”
It is exactly this sentiment that sets America back. Personal responsibility means you can live with yourself. Doing the right thing might sound trite, but it works.
Trying to justify your actions by saying “it’s not my money” is basically giving yourself a license to steal.
ParticipantMy favorite was a listing in Walnut, CA which the agent described as having been “grately reduced.”
Now, was that the fireplace grate she was reducing – or the cheese grater?
MLS can’t have spellcheck with these kinds of blatant non-words slipping in. As for the mansion above, William Randolph Hearst yes, “Normal” Rockwell no.
ParticipantThis blog is national but does cover Ventura County housing from time to time:
http://www.thehousingbubbleblog.com
The moderator lists top news stories from various sources several times a day, and people comment on their individual neighborhoods. It’s a good source of info.
Participant1. You really believe in Robert Kiyosaki (author of Rich Dad Poor Dad) and Robert T. Allen (Nothing Down).
2. Donald Trump’s dealings makes financial sense to you.
3. You spend a good portion of your workday on E-Loan, Option One, and similar sites, looking for a better deal to finance your next purchase.
4. You understand the pain of Casey S, author of IAmFacingForeclosure.com.
ParticipantYeah, and if the owners did any improvements, you can put the cost of those in the “negative” pile as well. Let us know what you find out, CB!
ParticipantIt’s hard to equate professionalism in the appraisal industry with some of SDAppraiser’s comments being so spiteful. There are other appraisers out there who give good info with their posts – I’m sure SDAppraiser has such info in his arsenal, but he usually goes off in another direction with his commentary, so people respond with vitriol/bad info of their own.
Just my 2 cents.
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