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Fearful
ParticipantWhile you’re at it, ask how much the condo should price at with option arm / teaser rate / toxic shoxic loans.
The ONLY apples to apples comparison is house price. If you compare 30yr fixed, they were about the same in mid-90’s as now, so it’s a spurious argument anyway.
Furthermore, after adjusting for inflation, if anything, prices should fall below the mid-90’s nadir, as they should overshoot more to the negative, as they went further out of whack to the positive.
ParticipantWhile you’re at it, ask how much the condo should price at with option arm / teaser rate / toxic shoxic loans.
The ONLY apples to apples comparison is house price. If you compare 30yr fixed, they were about the same in mid-90’s as now, so it’s a spurious argument anyway.
Furthermore, after adjusting for inflation, if anything, prices should fall below the mid-90’s nadir, as they should overshoot more to the negative, as they went further out of whack to the positive.
ParticipantLOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.
ParticipantLOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.
ParticipantLOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.
ParticipantLOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.
ParticipantLOL, I would have sold you mine. I unloaded them a couple of months ago, precisely because I figured their revenue would be in jeopardy, and the insurers would start to default, sooner or later. I still have some but they are in small chunks and hence (knock wood) risk is not too high.
ParticipantI wish I knew about this abx, I would have been betting against it all the way down.
Stop torturing yourself. If you had started betting against it too early you would have been crushed or at least bled dry. Note that in the article they mention traders that made the same bets as our hero, but a couple of years earlier, and got killed.
A Texas real estate entrepreneur once spoke to my MBA class. He said real estate was not “location, location, location” but rather “timing, timing, timing”. An astute young lady, cheekier than I, asked if that was not another way of saying “luck, luck, luck”.
So don’t discount luck, amigo.
ParticipantI wish I knew about this abx, I would have been betting against it all the way down.
Stop torturing yourself. If you had started betting against it too early you would have been crushed or at least bled dry. Note that in the article they mention traders that made the same bets as our hero, but a couple of years earlier, and got killed.
A Texas real estate entrepreneur once spoke to my MBA class. He said real estate was not “location, location, location” but rather “timing, timing, timing”. An astute young lady, cheekier than I, asked if that was not another way of saying “luck, luck, luck”.
So don’t discount luck, amigo.
ParticipantI wish I knew about this abx, I would have been betting against it all the way down.
Stop torturing yourself. If you had started betting against it too early you would have been crushed or at least bled dry. Note that in the article they mention traders that made the same bets as our hero, but a couple of years earlier, and got killed.
A Texas real estate entrepreneur once spoke to my MBA class. He said real estate was not “location, location, location” but rather “timing, timing, timing”. An astute young lady, cheekier than I, asked if that was not another way of saying “luck, luck, luck”.
So don’t discount luck, amigo.
ParticipantI wish I knew about this abx, I would have been betting against it all the way down.
Stop torturing yourself. If you had started betting against it too early you would have been crushed or at least bled dry. Note that in the article they mention traders that made the same bets as our hero, but a couple of years earlier, and got killed.
A Texas real estate entrepreneur once spoke to my MBA class. He said real estate was not “location, location, location” but rather “timing, timing, timing”. An astute young lady, cheekier than I, asked if that was not another way of saying “luck, luck, luck”.
So don’t discount luck, amigo.
ParticipantI wish I knew about this abx, I would have been betting against it all the way down.
Stop torturing yourself. If you had started betting against it too early you would have been crushed or at least bled dry. Note that in the article they mention traders that made the same bets as our hero, but a couple of years earlier, and got killed.
A Texas real estate entrepreneur once spoke to my MBA class. He said real estate was not “location, location, location” but rather “timing, timing, timing”. An astute young lady, cheekier than I, asked if that was not another way of saying “luck, luck, luck”.
So don’t discount luck, amigo.
ParticipantLong way from bottom, yet. Met a nice couple at an alumni event last night. “We’re renting in PB now, but will be looking to buy a house in the summer. Actually, maybe a condo, that we can rent out when we go to buy a house.” I told them my story about my landlord losing $1,400 a month on my house. They mumbled something about tax breaks.
Yeah, a long way from the bottom. When the gleam is gone from absolutley everyone’s eyes, that’s the bottom.
ParticipantLong way from bottom, yet. Met a nice couple at an alumni event last night. “We’re renting in PB now, but will be looking to buy a house in the summer. Actually, maybe a condo, that we can rent out when we go to buy a house.” I told them my story about my landlord losing $1,400 a month on my house. They mumbled something about tax breaks.
Yeah, a long way from the bottom. When the gleam is gone from absolutley everyone’s eyes, that’s the bottom.
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