Forum Replies Created
-
AuthorPosts
-
August 10, 2007 at 7:19 PM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #73227
cyphire
ParticipantYOU DON’T HAVE TO BE BORN INTO ROYALTY to be treated royalley.. Stop throwing your money away on rent.. Did you know when you own your own home payment is tax deduction … Yes the goverment gives you a raise when you buy the house ..poor credit ..No credit ..holding you back from your dream start securing your financial future today when you reward yourself with this gorgeous excutive 4 bedroom, 2 story 1 den 2.5 bathrooms 1962 sqf living area 7480 sqf lotsite 3 car garage .Beautyful back yard with attractive view GOFT COURT ..fantastic neighbordood amenities await the sucessful family ..just take over existing payments($4200) and the house is your .. no bank or credit qualifing .., no cost no fee for tranfer call today to jump start your future ..(714)360-6357
Here are some corrections… You might want to fix it.
YOU DON’T HAVE TO BE BORN INTO ROYALTY to be treated royally… Stop throwing your money away on rent. Did you know that when you own your own home the payment is a tax deduction? Yes the government gives you a raise when you buy the house. Poor credit? No credit? Is this holding you back from your dream? Start securing your financial future today when you reward yourself with this gorgeous, executive 4 bedroom, 2 story, 1 den, 2.5 bathroom, 1962 sq. ft. living area, 7480 sq. ft. lot size, 3 car garage home. Beautiful back yard with attractive view GOLF COURSE… Fantastic neighborhood amenities await the successful family … Just take over existing payments ($4200) and the house is yours… no bank or credit qualifying … no cost no fee for transfer. Call today to jump start your future … (714)360-6357
I rewrote the adv and sent it to her. I assume that GOLT COURT means golf course, but I might be wrong… I just couldn’t stand it!!! (p.s. I didn’t try to do more than fix the punctuation, spelling and grammer…. I also got lazy toward the end.)
ParticipantYOU DON’T HAVE TO BE BORN INTO ROYALTY to be treated royalley.. Stop throwing your money away on rent.. Did you know when you own your own home payment is tax deduction … Yes the goverment gives you a raise when you buy the house ..poor credit ..No credit ..holding you back from your dream start securing your financial future today when you reward yourself with this gorgeous excutive 4 bedroom, 2 story 1 den 2.5 bathrooms 1962 sqf living area 7480 sqf lotsite 3 car garage .Beautyful back yard with attractive view GOFT COURT ..fantastic neighbordood amenities await the sucessful family ..just take over existing payments($4200) and the house is your .. no bank or credit qualifing .., no cost no fee for tranfer call today to jump start your future ..(714)360-6357
Here are some corrections… You might want to fix it.
YOU DON’T HAVE TO BE BORN INTO ROYALTY to be treated royally… Stop throwing your money away on rent. Did you know that when you own your own home the payment is a tax deduction? Yes the government gives you a raise when you buy the house. Poor credit? No credit? Is this holding you back from your dream? Start securing your financial future today when you reward yourself with this gorgeous, executive 4 bedroom, 2 story, 1 den, 2.5 bathroom, 1962 sq. ft. living area, 7480 sq. ft. lot size, 3 car garage home. Beautiful back yard with attractive view GOLF COURSE… Fantastic neighborhood amenities await the successful family … Just take over existing payments ($4200) and the house is yours… no bank or credit qualifying … no cost no fee for transfer. Call today to jump start your future … (714)360-6357
I rewrote the adv and sent it to her. I assume that GOLT COURT means golf course, but I might be wrong… I just couldn’t stand it!!! (p.s. I didn’t try to do more than fix the punctuation, spelling and grammer…. I also got lazy toward the end.)
ParticipantYOU DON’T HAVE TO BE BORN INTO ROYALTY to be treated royalley.. Stop throwing your money away on rent.. Did you know when you own your own home payment is tax deduction … Yes the goverment gives you a raise when you buy the house ..poor credit ..No credit ..holding you back from your dream start securing your financial future today when you reward yourself with this gorgeous excutive 4 bedroom, 2 story 1 den 2.5 bathrooms 1962 sqf living area 7480 sqf lotsite 3 car garage .Beautyful back yard with attractive view GOFT COURT ..fantastic neighbordood amenities await the sucessful family ..just take over existing payments($4200) and the house is your .. no bank or credit qualifing .., no cost no fee for tranfer call today to jump start your future ..(714)360-6357
Here are some corrections… You might want to fix it.
YOU DON’T HAVE TO BE BORN INTO ROYALTY to be treated royally… Stop throwing your money away on rent. Did you know that when you own your own home the payment is a tax deduction? Yes the government gives you a raise when you buy the house. Poor credit? No credit? Is this holding you back from your dream? Start securing your financial future today when you reward yourself with this gorgeous, executive 4 bedroom, 2 story, 1 den, 2.5 bathroom, 1962 sq. ft. living area, 7480 sq. ft. lot size, 3 car garage home. Beautiful back yard with attractive view GOLF COURSE… Fantastic neighborhood amenities await the successful family … Just take over existing payments ($4200) and the house is yours… no bank or credit qualifying … no cost no fee for transfer. Call today to jump start your future … (714)360-6357
I rewrote the adv and sent it to her. I assume that GOLT COURT means golf course, but I might be wrong… I just couldn’t stand it!!! (p.s. I didn’t try to do more than fix the punctuation, spelling and grammer…. I also got lazy toward the end.)
ParticipantYou misunderstood me… My wife is awesome. I was talking about a lot of other people who are pressured into buying a house because of the wife. We sold our house in Dec 06, and my wife was fine with renting. She doesn’t follow the real estate situation as much as I do, and she was willing to go along with the fact that this is NOT the time to buy a house!
She also shops carefully, and will NOT pay a lot for a lot of things which other women go crazy over. Example, she will buy shoes for 50-60$, my sister will buy 5 pairs of the same shoes for $200 each… She likes nice things, but won’t waste money on stuff….
We don’t feel the need to keep up with anyone… She is so not caught up in lifestyle stuff… Whew…
I’m amazed at the guys who will jump through hoops because their wives are competing with the other wives…. Thats the point of my post!
p.s. My friend’s friend from Orange County sold their 2M house and bought a 3.5M house… 1 year ago. I understand that they are fighting a lot because they put most of their money into it…!
ParticipantYou misunderstood me… My wife is awesome. I was talking about a lot of other people who are pressured into buying a house because of the wife. We sold our house in Dec 06, and my wife was fine with renting. She doesn’t follow the real estate situation as much as I do, and she was willing to go along with the fact that this is NOT the time to buy a house!
She also shops carefully, and will NOT pay a lot for a lot of things which other women go crazy over. Example, she will buy shoes for 50-60$, my sister will buy 5 pairs of the same shoes for $200 each… She likes nice things, but won’t waste money on stuff….
We don’t feel the need to keep up with anyone… She is so not caught up in lifestyle stuff… Whew…
I’m amazed at the guys who will jump through hoops because their wives are competing with the other wives…. Thats the point of my post!
p.s. My friend’s friend from Orange County sold their 2M house and bought a 3.5M house… 1 year ago. I understand that they are fighting a lot because they put most of their money into it…!
ParticipantYou misunderstood me… My wife is awesome. I was talking about a lot of other people who are pressured into buying a house because of the wife. We sold our house in Dec 06, and my wife was fine with renting. She doesn’t follow the real estate situation as much as I do, and she was willing to go along with the fact that this is NOT the time to buy a house!
She also shops carefully, and will NOT pay a lot for a lot of things which other women go crazy over. Example, she will buy shoes for 50-60$, my sister will buy 5 pairs of the same shoes for $200 each… She likes nice things, but won’t waste money on stuff….
We don’t feel the need to keep up with anyone… She is so not caught up in lifestyle stuff… Whew…
I’m amazed at the guys who will jump through hoops because their wives are competing with the other wives…. Thats the point of my post!
p.s. My friend’s friend from Orange County sold their 2M house and bought a 3.5M house… 1 year ago. I understand that they are fighting a lot because they put most of their money into it…!
ParticipantHit the nail on the head querty007…
It’s hard to get away from…
p.s. I think it was Bugs that said that what I am experiencing is everywhere… Probably right. I am 45 years old, and what I am attributing to San Diego, is probably happening all over the country – lets face it – American Idol, etc. isn’t only popular in SD/LA, it’s popular everywhere…
p.p.s. Don’t know why I picked on American Idol, it’s the ONLY live/reality/pop show that I DO watch!
ParticipantHit the nail on the head querty007…
It’s hard to get away from…
p.s. I think it was Bugs that said that what I am experiencing is everywhere… Probably right. I am 45 years old, and what I am attributing to San Diego, is probably happening all over the country – lets face it – American Idol, etc. isn’t only popular in SD/LA, it’s popular everywhere…
p.p.s. Don’t know why I picked on American Idol, it’s the ONLY live/reality/pop show that I DO watch!
ParticipantHit the nail on the head querty007…
It’s hard to get away from…
p.s. I think it was Bugs that said that what I am experiencing is everywhere… Probably right. I am 45 years old, and what I am attributing to San Diego, is probably happening all over the country – lets face it – American Idol, etc. isn’t only popular in SD/LA, it’s popular everywhere…
p.p.s. Don’t know why I picked on American Idol, it’s the ONLY live/reality/pop show that I DO watch!
ParticipantContraman is on to something, I don’t disagree. Ultimately you must take responsibility to something that you take on – I am just saying that in the face of huge social and marketing pressures (as well as the wife!), it’s hard not to buy….
I am not sexist, but men and women have somewhat different personalities. I think that most men would be happy in equally usable, utilitarian structures which are easy to pay for and easy to maintain. As long as the TV’s and video games and toys are easily accessible… Women nest much more and want to own a home. I just wonder how many people bought a house because they were trying to please the wife… Just a thought – don’t beat me up! (and don’t tell my wife!)
PerryChase – I am also a proud liberal, but not a bleeding heart one. I would use my liberal ways to make things fairer and to put the money into the infrastructure of our education systems and job training vs. giving it to hedge fund managers and all the other greedy people in charge of our economy.
I grew up as a spender, and still am – but as my income ramped up and my risk aversion went up, I got off the wheel of make lots of money and spend even more. When I sold my company I didn’t buy a new car. I have 3 but they are all paid for. I haven’t not paid off a credit card bill (never owning anything on them) for at least 10 years now.
I personally keep the economy humming! But the difference is that I’ve got the money in the bank. Most of the people I know spend freely as well. Problem is that they make high incomes and spend just as much. A lot of them have equity in their homes, but really don’t have the cash in the bank to keep their lifestyles.
When the equity goes down, I think that the new watchword will be downsizing… Problem is that as everyone does it, or is forced to by the amount they owe (great time for Bush to have passed the bankruptcy litigation!!! Way to go on the lobbyists Credit Card Industry!) the economy is going to go south…. WAY south….
p.s. When we sold our house in Dec 06 and started renting in La Jolla, I haven’t bought a single thing at a furniture store…. Bought an awesome glass kitchen table on Creigslist! For $240!
ParticipantContraman is on to something, I don’t disagree. Ultimately you must take responsibility to something that you take on – I am just saying that in the face of huge social and marketing pressures (as well as the wife!), it’s hard not to buy….
I am not sexist, but men and women have somewhat different personalities. I think that most men would be happy in equally usable, utilitarian structures which are easy to pay for and easy to maintain. As long as the TV’s and video games and toys are easily accessible… Women nest much more and want to own a home. I just wonder how many people bought a house because they were trying to please the wife… Just a thought – don’t beat me up! (and don’t tell my wife!)
PerryChase – I am also a proud liberal, but not a bleeding heart one. I would use my liberal ways to make things fairer and to put the money into the infrastructure of our education systems and job training vs. giving it to hedge fund managers and all the other greedy people in charge of our economy.
I grew up as a spender, and still am – but as my income ramped up and my risk aversion went up, I got off the wheel of make lots of money and spend even more. When I sold my company I didn’t buy a new car. I have 3 but they are all paid for. I haven’t not paid off a credit card bill (never owning anything on them) for at least 10 years now.
I personally keep the economy humming! But the difference is that I’ve got the money in the bank. Most of the people I know spend freely as well. Problem is that they make high incomes and spend just as much. A lot of them have equity in their homes, but really don’t have the cash in the bank to keep their lifestyles.
When the equity goes down, I think that the new watchword will be downsizing… Problem is that as everyone does it, or is forced to by the amount they owe (great time for Bush to have passed the bankruptcy litigation!!! Way to go on the lobbyists Credit Card Industry!) the economy is going to go south…. WAY south….
p.s. When we sold our house in Dec 06 and started renting in La Jolla, I haven’t bought a single thing at a furniture store…. Bought an awesome glass kitchen table on Creigslist! For $240!
ParticipantContraman is on to something, I don’t disagree. Ultimately you must take responsibility to something that you take on – I am just saying that in the face of huge social and marketing pressures (as well as the wife!), it’s hard not to buy….
I am not sexist, but men and women have somewhat different personalities. I think that most men would be happy in equally usable, utilitarian structures which are easy to pay for and easy to maintain. As long as the TV’s and video games and toys are easily accessible… Women nest much more and want to own a home. I just wonder how many people bought a house because they were trying to please the wife… Just a thought – don’t beat me up! (and don’t tell my wife!)
PerryChase – I am also a proud liberal, but not a bleeding heart one. I would use my liberal ways to make things fairer and to put the money into the infrastructure of our education systems and job training vs. giving it to hedge fund managers and all the other greedy people in charge of our economy.
I grew up as a spender, and still am – but as my income ramped up and my risk aversion went up, I got off the wheel of make lots of money and spend even more. When I sold my company I didn’t buy a new car. I have 3 but they are all paid for. I haven’t not paid off a credit card bill (never owning anything on them) for at least 10 years now.
I personally keep the economy humming! But the difference is that I’ve got the money in the bank. Most of the people I know spend freely as well. Problem is that they make high incomes and spend just as much. A lot of them have equity in their homes, but really don’t have the cash in the bank to keep their lifestyles.
When the equity goes down, I think that the new watchword will be downsizing… Problem is that as everyone does it, or is forced to by the amount they owe (great time for Bush to have passed the bankruptcy litigation!!! Way to go on the lobbyists Credit Card Industry!) the economy is going to go south…. WAY south….
p.s. When we sold our house in Dec 06 and started renting in La Jolla, I haven’t bought a single thing at a furniture store…. Bought an awesome glass kitchen table on Creigslist! For $240!
ParticipantThe more important question (I think), is what happens to the people who aren’t selling because they didn’t sell at the top, but still would like to get out their equity?
I especially refer to a lot of baby boomers, who might have counted on their home as their retirement egg – especially as they didn’t really save any other money!
While I think that the vast majority of folks who would like to sell sometime in the next 5 years or so are waiting for prices to level off and go higher, what will their sentiment be if things keep getting worse? I think that there is still way, way, WAY, too much belief that the market will level off and will start appreciating at about 4% per year by next year or the year after.
I ask why?
The CASE Shiller index has us at around 300ish with a top of 320’ish? Most of the other crazilly priced communities maxed at 250ish and never got to the 300’s… Look at whats going to play out in the mortgage market… Higher mortgage rates in opposition to interest rates (as the lenders price in some of the future risk – they didn’t make enough money to cover the problems.), and further sinking home prices. Do you think this will be over next year???? The resets will go on for years. The 5 and 10 year ARM’s will be resetting as well and for those people who didn’t expect to stay in their homes, they will need to dump at some point.
If the market keeps going down for the next 5+ years… At what point to people say ‘STOP THE TRAIN AND LET ME OFF!’…?
There is no panic out there yet. What happens 2 years from now when prices have gone down another 20-30%? (Or even 10-20%)…. If you have a solid citizen, with good credit, with 70% equity in their home, and the prices go down 30%, they have lost almost half, not a third of their equity. And do you think that most of the people who own 1M homes only owe 300K on them? Including paying for college, cars, vacations, investments, etc? I don’t think so!
I think that there will be an ever increasing group of people who need to cash out, and they will keep dropping the prices until they do. It doesn’t take a large number of these people to push the comps down…. Just my opinion.
ParticipantThe more important question (I think), is what happens to the people who aren’t selling because they didn’t sell at the top, but still would like to get out their equity?
I especially refer to a lot of baby boomers, who might have counted on their home as their retirement egg – especially as they didn’t really save any other money!
While I think that the vast majority of folks who would like to sell sometime in the next 5 years or so are waiting for prices to level off and go higher, what will their sentiment be if things keep getting worse? I think that there is still way, way, WAY, too much belief that the market will level off and will start appreciating at about 4% per year by next year or the year after.
I ask why?
The CASE Shiller index has us at around 300ish with a top of 320’ish? Most of the other crazilly priced communities maxed at 250ish and never got to the 300’s… Look at whats going to play out in the mortgage market… Higher mortgage rates in opposition to interest rates (as the lenders price in some of the future risk – they didn’t make enough money to cover the problems.), and further sinking home prices. Do you think this will be over next year???? The resets will go on for years. The 5 and 10 year ARM’s will be resetting as well and for those people who didn’t expect to stay in their homes, they will need to dump at some point.
If the market keeps going down for the next 5+ years… At what point to people say ‘STOP THE TRAIN AND LET ME OFF!’…?
There is no panic out there yet. What happens 2 years from now when prices have gone down another 20-30%? (Or even 10-20%)…. If you have a solid citizen, with good credit, with 70% equity in their home, and the prices go down 30%, they have lost almost half, not a third of their equity. And do you think that most of the people who own 1M homes only owe 300K on them? Including paying for college, cars, vacations, investments, etc? I don’t think so!
I think that there will be an ever increasing group of people who need to cash out, and they will keep dropping the prices until they do. It doesn’t take a large number of these people to push the comps down…. Just my opinion.
-
AuthorPosts
