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Ex-SD
ParticipantNo matter how big, how nice, etc…………………..All of their values will fall.
The only properties that are somewhat immune from these types of bubbles are the super-properties that are “one-of-a kind, like the $81 million mansion that just sold in Palm Beach, Florida.
ParticipantNo matter how big, how nice, etc…………………..All of their values will fall.
The only properties that are somewhat immune from these types of bubbles are the super-properties that are “one-of-a kind, like the $81 million mansion that just sold in Palm Beach, Florida.
ParticipantNo matter how big, how nice, etc…………………..All of their values will fall.
The only properties that are somewhat immune from these types of bubbles are the super-properties that are “one-of-a kind, like the $81 million mansion that just sold in Palm Beach, Florida.
ParticipantNo matter how big, how nice, etc…………………..All of their values will fall.
The only properties that are somewhat immune from these types of bubbles are the super-properties that are “one-of-a kind, like the $81 million mansion that just sold in Palm Beach, Florida.
ParticipantIf you pull the “buy trigger” in the early fall of 2009, you will most likely regret it. The pain-train will not be fully passing through the areas where you are looking until late 2010-2011. My guess is that if you buy at the end of summer in 2009, you will probably overpay by around 25%. I used to live in the Leucadia/Encinitas area and have seen the pain-train pass through there before. Yes, when it hits one area, it eventually hits all areas.
But, then again………………………..I could always be wrong and history doesn’t teach us anything about housing bubbles, or does it?ParticipantIf you pull the “buy trigger” in the early fall of 2009, you will most likely regret it. The pain-train will not be fully passing through the areas where you are looking until late 2010-2011. My guess is that if you buy at the end of summer in 2009, you will probably overpay by around 25%. I used to live in the Leucadia/Encinitas area and have seen the pain-train pass through there before. Yes, when it hits one area, it eventually hits all areas.
But, then again………………………..I could always be wrong and history doesn’t teach us anything about housing bubbles, or does it?ParticipantIf you pull the “buy trigger” in the early fall of 2009, you will most likely regret it. The pain-train will not be fully passing through the areas where you are looking until late 2010-2011. My guess is that if you buy at the end of summer in 2009, you will probably overpay by around 25%. I used to live in the Leucadia/Encinitas area and have seen the pain-train pass through there before. Yes, when it hits one area, it eventually hits all areas.
But, then again………………………..I could always be wrong and history doesn’t teach us anything about housing bubbles, or does it?ParticipantIf you pull the “buy trigger” in the early fall of 2009, you will most likely regret it. The pain-train will not be fully passing through the areas where you are looking until late 2010-2011. My guess is that if you buy at the end of summer in 2009, you will probably overpay by around 25%. I used to live in the Leucadia/Encinitas area and have seen the pain-train pass through there before. Yes, when it hits one area, it eventually hits all areas.
But, then again………………………..I could always be wrong and history doesn’t teach us anything about housing bubbles, or does it?ParticipantIf you pull the “buy trigger” in the early fall of 2009, you will most likely regret it. The pain-train will not be fully passing through the areas where you are looking until late 2010-2011. My guess is that if you buy at the end of summer in 2009, you will probably overpay by around 25%. I used to live in the Leucadia/Encinitas area and have seen the pain-train pass through there before. Yes, when it hits one area, it eventually hits all areas.
But, then again………………………..I could always be wrong and history doesn’t teach us anything about housing bubbles, or does it?April 15, 2008 at 1:52 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187650ParticipantBeen there…………….done that. publicdefender hit the nail on the head. It’s o.k. to loan the money as long as you understand that most people will NOT pay you back. We live in a different world/times than the one I grew up in. It used to be that your word was your bond and the deadbeats were not so numerous.
p.s.
If you decide to loan the money, it will greatly benefit you to have an attorney (if it’s a large enough sum that you’re loaning) draw up a promissory note and add the cost for the lawyer to the amount that is to be repaid. If they don’t pay and you decide to pursue the matter, that document will greatly enable you to get a judgement.April 15, 2008 at 1:52 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187669ParticipantBeen there…………….done that. publicdefender hit the nail on the head. It’s o.k. to loan the money as long as you understand that most people will NOT pay you back. We live in a different world/times than the one I grew up in. It used to be that your word was your bond and the deadbeats were not so numerous.
p.s.
If you decide to loan the money, it will greatly benefit you to have an attorney (if it’s a large enough sum that you’re loaning) draw up a promissory note and add the cost for the lawyer to the amount that is to be repaid. If they don’t pay and you decide to pursue the matter, that document will greatly enable you to get a judgement.April 15, 2008 at 1:52 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187700ParticipantBeen there…………….done that. publicdefender hit the nail on the head. It’s o.k. to loan the money as long as you understand that most people will NOT pay you back. We live in a different world/times than the one I grew up in. It used to be that your word was your bond and the deadbeats were not so numerous.
p.s.
If you decide to loan the money, it will greatly benefit you to have an attorney (if it’s a large enough sum that you’re loaning) draw up a promissory note and add the cost for the lawyer to the amount that is to be repaid. If they don’t pay and you decide to pursue the matter, that document will greatly enable you to get a judgement.April 15, 2008 at 1:52 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187710ParticipantBeen there…………….done that. publicdefender hit the nail on the head. It’s o.k. to loan the money as long as you understand that most people will NOT pay you back. We live in a different world/times than the one I grew up in. It used to be that your word was your bond and the deadbeats were not so numerous.
p.s.
If you decide to loan the money, it will greatly benefit you to have an attorney (if it’s a large enough sum that you’re loaning) draw up a promissory note and add the cost for the lawyer to the amount that is to be repaid. If they don’t pay and you decide to pursue the matter, that document will greatly enable you to get a judgement.April 15, 2008 at 1:52 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187716ParticipantBeen there…………….done that. publicdefender hit the nail on the head. It’s o.k. to loan the money as long as you understand that most people will NOT pay you back. We live in a different world/times than the one I grew up in. It used to be that your word was your bond and the deadbeats were not so numerous.
p.s.
If you decide to loan the money, it will greatly benefit you to have an attorney (if it’s a large enough sum that you’re loaning) draw up a promissory note and add the cost for the lawyer to the amount that is to be repaid. If they don’t pay and you decide to pursue the matter, that document will greatly enable you to get a judgement. -
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