[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

The sad truth is that it isn’t even the equity loss, but the large droves of Realtors, mortgage brokers, etc. who aren’t spending any more. Lets not forget what a whopping percentage of our local economy is real estate / construction driven. These people wash their cars way more often, get their nails done way more often, haircuts, cosmetic surgery, lattes, car buying, house investments, etc. than any other part of our economy.

When times were off the charts increase-wise, they were the ones buying the new Mercedes every 2 years, and the huge homes, as well as a good chunk of the investment flipping properties.

I know a few of these people, and play poker with some of the brokers / construction / real estate agents. Their games are getting way worse, they alternate between very conservative play, to desperation bluffs all to try to make some money and get the endorphines flowing. All in all they are losing money to me and some other more stable individuals at the tables in a desperate plea for some type of satisfaction.

I no longer talk about housing around the poker table, these people are shredded and on the edge!

[cyphire]

The sad truth is that it isn’t even the equity loss, but the large droves of Realtors, mortgage brokers, etc. who aren’t spending any more. Lets not forget what a whopping percentage of our local economy is real estate / construction driven. These people wash their cars way more often, get their nails done way more often, haircuts, cosmetic surgery, lattes, car buying, house investments, etc. than any other part of our economy.

When times were off the charts increase-wise, they were the ones buying the new Mercedes every 2 years, and the huge homes, as well as a good chunk of the investment flipping properties.

I know a few of these people, and play poker with some of the brokers / construction / real estate agents. Their games are getting way worse, they alternate between very conservative play, to desperation bluffs all to try to make some money and get the endorphines flowing. All in all they are losing money to me and some other more stable individuals at the tables in a desperate plea for some type of satisfaction.

I no longer talk about housing around the poker table, these people are shredded and on the edge!

[cyphire]

The sad truth is that it isn’t even the equity loss, but the large droves of Realtors, mortgage brokers, etc. who aren’t spending any more. Lets not forget what a whopping percentage of our local economy is real estate / construction driven. These people wash their cars way more often, get their nails done way more often, haircuts, cosmetic surgery, lattes, car buying, house investments, etc. than any other part of our economy.

When times were off the charts increase-wise, they were the ones buying the new Mercedes every 2 years, and the huge homes, as well as a good chunk of the investment flipping properties.

I know a few of these people, and play poker with some of the brokers / construction / real estate agents. Their games are getting way worse, they alternate between very conservative play, to desperation bluffs all to try to make some money and get the endorphines flowing. All in all they are losing money to me and some other more stable individuals at the tables in a desperate plea for some type of satisfaction.

I no longer talk about housing around the poker table, these people are shredded and on the edge!

[cyphire]

The sad truth is that it isn’t even the equity loss, but the large droves of Realtors, mortgage brokers, etc. who aren’t spending any more. Lets not forget what a whopping percentage of our local economy is real estate / construction driven. These people wash their cars way more often, get their nails done way more often, haircuts, cosmetic surgery, lattes, car buying, house investments, etc. than any other part of our economy.

When times were off the charts increase-wise, they were the ones buying the new Mercedes every 2 years, and the huge homes, as well as a good chunk of the investment flipping properties.

I know a few of these people, and play poker with some of the brokers / construction / real estate agents. Their games are getting way worse, they alternate between very conservative play, to desperation bluffs all to try to make some money and get the endorphines flowing. All in all they are losing money to me and some other more stable individuals at the tables in a desperate plea for some type of satisfaction.

I no longer talk about housing around the poker table, these people are shredded and on the edge!

[cyphire]

The sad truth is that it isn’t even the equity loss, but the large droves of Realtors, mortgage brokers, etc. who aren’t spending any more. Lets not forget what a whopping percentage of our local economy is real estate / construction driven. These people wash their cars way more often, get their nails done way more often, haircuts, cosmetic surgery, lattes, car buying, house investments, etc. than any other part of our economy.

When times were off the charts increase-wise, they were the ones buying the new Mercedes every 2 years, and the huge homes, as well as a good chunk of the investment flipping properties.

I know a few of these people, and play poker with some of the brokers / construction / real estate agents. Their games are getting way worse, they alternate between very conservative play, to desperation bluffs all to try to make some money and get the endorphines flowing. All in all they are losing money to me and some other more stable individuals at the tables in a desperate plea for some type of satisfaction.

I no longer talk about housing around the poker table, these people are shredded and on the edge!

[cyphire]

I would think that everyone who is considering knife catching would read this above thread.

The emotional, wine and dine, telling everyone how rosy the future is, and what best friends the 4S salesmen are, all changes when the ink is dry and there are second thoughts.

Now they are the enemy, keeping a deposit on a home which has not yet, in fact, been occupied.

I learned the hardway in business after 20 years, that if a buyer gets cold feet, just give them back all the money. My situation is different, in that I would actually have installed a computer system, trained the client, spent large amounts of money, but same deal… If the buyer has remorse, try to hold your line but ultimately you are destroying your goodwill if you try to keep the deposit, and more if they are forced to keep the home or have financial responsibility for it.

Buyer beware!!! Don’t buy unless you are 100% totally behind the purchase – or have the mother of all escape clauses. Desperate times call for desperate measures, and these builders are hanging by a thread.

p.s. All the builders are at their lowest confidence ever. None of them expect any 2008 rebound, I think they just want to weather the storm.

[cyphire]

I would think that everyone who is considering knife catching would read this above thread.

The emotional, wine and dine, telling everyone how rosy the future is, and what best friends the 4S salesmen are, all changes when the ink is dry and there are second thoughts.

Now they are the enemy, keeping a deposit on a home which has not yet, in fact, been occupied.

I learned the hardway in business after 20 years, that if a buyer gets cold feet, just give them back all the money. My situation is different, in that I would actually have installed a computer system, trained the client, spent large amounts of money, but same deal… If the buyer has remorse, try to hold your line but ultimately you are destroying your goodwill if you try to keep the deposit, and more if they are forced to keep the home or have financial responsibility for it.

Buyer beware!!! Don’t buy unless you are 100% totally behind the purchase – or have the mother of all escape clauses. Desperate times call for desperate measures, and these builders are hanging by a thread.

p.s. All the builders are at their lowest confidence ever. None of them expect any 2008 rebound, I think they just want to weather the storm.

[cyphire]

I would think that everyone who is considering knife catching would read this above thread.

The emotional, wine and dine, telling everyone how rosy the future is, and what best friends the 4S salesmen are, all changes when the ink is dry and there are second thoughts.

Now they are the enemy, keeping a deposit on a home which has not yet, in fact, been occupied.

I learned the hardway in business after 20 years, that if a buyer gets cold feet, just give them back all the money. My situation is different, in that I would actually have installed a computer system, trained the client, spent large amounts of money, but same deal… If the buyer has remorse, try to hold your line but ultimately you are destroying your goodwill if you try to keep the deposit, and more if they are forced to keep the home or have financial responsibility for it.

Buyer beware!!! Don’t buy unless you are 100% totally behind the purchase – or have the mother of all escape clauses. Desperate times call for desperate measures, and these builders are hanging by a thread.

p.s. All the builders are at their lowest confidence ever. None of them expect any 2008 rebound, I think they just want to weather the storm.

[cyphire]

I would think that everyone who is considering knife catching would read this above thread.

The emotional, wine and dine, telling everyone how rosy the future is, and what best friends the 4S salesmen are, all changes when the ink is dry and there are second thoughts.

Now they are the enemy, keeping a deposit on a home which has not yet, in fact, been occupied.

I learned the hardway in business after 20 years, that if a buyer gets cold feet, just give them back all the money. My situation is different, in that I would actually have installed a computer system, trained the client, spent large amounts of money, but same deal… If the buyer has remorse, try to hold your line but ultimately you are destroying your goodwill if you try to keep the deposit, and more if they are forced to keep the home or have financial responsibility for it.

Buyer beware!!! Don’t buy unless you are 100% totally behind the purchase – or have the mother of all escape clauses. Desperate times call for desperate measures, and these builders are hanging by a thread.

p.s. All the builders are at their lowest confidence ever. None of them expect any 2008 rebound, I think they just want to weather the storm.

[cyphire]

I would think that everyone who is considering knife catching would read this above thread.

The emotional, wine and dine, telling everyone how rosy the future is, and what best friends the 4S salesmen are, all changes when the ink is dry and there are second thoughts.

Now they are the enemy, keeping a deposit on a home which has not yet, in fact, been occupied.

I learned the hardway in business after 20 years, that if a buyer gets cold feet, just give them back all the money. My situation is different, in that I would actually have installed a computer system, trained the client, spent large amounts of money, but same deal… If the buyer has remorse, try to hold your line but ultimately you are destroying your goodwill if you try to keep the deposit, and more if they are forced to keep the home or have financial responsibility for it.

Buyer beware!!! Don’t buy unless you are 100% totally behind the purchase – or have the mother of all escape clauses. Desperate times call for desperate measures, and these builders are hanging by a thread.

p.s. All the builders are at their lowest confidence ever. None of them expect any 2008 rebound, I think they just want to weather the storm.

[Author]

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