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(former)FormerSanDiegan
ParticipantSeriously, I think that the time to short has passed.
ParticipantI believe that you would do best to short those stocks which decline in value
😉
ParticipantI believe that you would do best to short those stocks which decline in value
😉
ParticipantI believe that you would do best to short those stocks which decline in value
😉
ParticipantI believe that you would do best to short those stocks which decline in value
😉
ParticipantI believe that you would do best to short those stocks which decline in value
😉
November 13, 2008 at 10:48 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #303926Participant[quote=cooprider]
At the top everyone said buy. I’ll buy when everyone says sell.[/quote]I say it’s better to ignore what anyone says and run the numbers.
November 13, 2008 at 10:48 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #304288Participant[quote=cooprider]
At the top everyone said buy. I’ll buy when everyone says sell.[/quote]I say it’s better to ignore what anyone says and run the numbers.
November 13, 2008 at 10:48 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #304301Participant[quote=cooprider]
At the top everyone said buy. I’ll buy when everyone says sell.[/quote]I say it’s better to ignore what anyone says and run the numbers.
November 13, 2008 at 10:48 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #304317Participant[quote=cooprider]
At the top everyone said buy. I’ll buy when everyone says sell.[/quote]I say it’s better to ignore what anyone says and run the numbers.
November 13, 2008 at 10:48 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #304377Participant[quote=cooprider]
At the top everyone said buy. I’ll buy when everyone says sell.[/quote]I say it’s better to ignore what anyone says and run the numbers.
November 13, 2008 at 9:44 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #303831Participantsdr –
Thanks for giving us a boots-on-the-ground perspective. It is very much appreciated.
There are plenty of reasons cited here as to why property values will continue to tank as others have stated. I too expect that prices will decline into 2009, particularly at the higher end. But I believe that your bottoms-up recovery scenario is very likely to happen.This reminds me of back when I was a first-time homebuyer. It was late 1995 and we were preparing to buy in early 2006. I had just moved to San Diego from the midwest. All the locals were telling me that I was nuts and that house prices will decline forever, or at best flatten out. However, by my calculations buying a house in Clairemont was only slightly more expensive than the 2-BR apartment I was renting. I am glad I relied on a cold-blooded, conservative cost analysis rather than the informed opinion of the wise people who had experienced the previous 4 years of price declines.
The truth is that at the low end (less than 400K) there are plenty of cases where buying a SFH is cheaper than renting after taxes for those who fit standard affordability metrics and who have 20% down.
November 13, 2008 at 9:44 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #304194Participantsdr –
Thanks for giving us a boots-on-the-ground perspective. It is very much appreciated.
There are plenty of reasons cited here as to why property values will continue to tank as others have stated. I too expect that prices will decline into 2009, particularly at the higher end. But I believe that your bottoms-up recovery scenario is very likely to happen.This reminds me of back when I was a first-time homebuyer. It was late 1995 and we were preparing to buy in early 2006. I had just moved to San Diego from the midwest. All the locals were telling me that I was nuts and that house prices will decline forever, or at best flatten out. However, by my calculations buying a house in Clairemont was only slightly more expensive than the 2-BR apartment I was renting. I am glad I relied on a cold-blooded, conservative cost analysis rather than the informed opinion of the wise people who had experienced the previous 4 years of price declines.
The truth is that at the low end (less than 400K) there are plenty of cases where buying a SFH is cheaper than renting after taxes for those who fit standard affordability metrics and who have 20% down.
November 13, 2008 at 9:44 AM in reply to: Mr Mortgage: “Massive number of people about to be taken out the market” #304205Participantsdr –
Thanks for giving us a boots-on-the-ground perspective. It is very much appreciated.
There are plenty of reasons cited here as to why property values will continue to tank as others have stated. I too expect that prices will decline into 2009, particularly at the higher end. But I believe that your bottoms-up recovery scenario is very likely to happen.This reminds me of back when I was a first-time homebuyer. It was late 1995 and we were preparing to buy in early 2006. I had just moved to San Diego from the midwest. All the locals were telling me that I was nuts and that house prices will decline forever, or at best flatten out. However, by my calculations buying a house in Clairemont was only slightly more expensive than the 2-BR apartment I was renting. I am glad I relied on a cold-blooded, conservative cost analysis rather than the informed opinion of the wise people who had experienced the previous 4 years of price declines.
The truth is that at the low end (less than 400K) there are plenty of cases where buying a SFH is cheaper than renting after taxes for those who fit standard affordability metrics and who have 20% down.
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