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(former)FormerSanDiegan
ParticipantFormerSanDiegan…
why not post it on the web? Can you tell me the Risk,Benefits and Aternatives?
Benefits
Maybe it is not as good a deal as you think.
Posting it would give you feedback. Perhaps people would suggest not making the deal, then move on.Risks
Maybe it is as good a deal as you think.
Posting it would give you feedback. Perhaps people would suggest not making the deal, then move in.Alternatives
Run it by people you trust, privately.(former)FormerSanDiegan
ParticipantThis one is probably not the deal of the century, but if/when you do find a good deal I would recommend NOT posting it on the web.
(former)FormerSanDiegan
ParticipantI’m thinking a good time to lock will be in 2009.
September 11, 2007 at 9:35 AM in reply to: Where did this five year window to live in a house come from? #84170(former)FormerSanDiegan
ParticipantI don’t know about RE propaganda/brainwashing or what the statistics are for our mobile society, but in our case, we have moved into a different house, on average every 5 years since our first home purchase.
… and although some cases were moving up (neighborhood) none of the houses exceeded 2000 square feet.September 10, 2007 at 3:52 PM in reply to: Innovest posted their August San Diego foreclosure numbers and it ain’t pretty.. #84087(former)FormerSanDiegan
ParticipantSo, let’s see, we’re at a run rate of 900+ trustee sales per month right now and the re-sets don’t peak until the middle of next year.
I thought that resets were to peak in November 2007, based on the now famous reset chart circa January 2007…
http://www.itulip.com/images/armadjust.gifDid I miss something ?
(former)FormerSanDiegan
ParticipantBut as I am, I think that you will lose 5-20% of your portfolio over the next year.
Yep. If US stocks drop by 50%, I’ll lose up to ~25% of my portfolio.
(former)FormerSanDiegan
ParticipantFormerSanDiegan…. Just because you look long term (something I haven’t been famous for) doesn’t mean that you just rebalance. Head for them thar hills dude!
Thanks for the advice, but I prefer to buy low, diversify, and never (completely) sell.
(former)FormerSanDiegan
ParticipantOh, the humanity… a salesperson who specializes in selling houses is trying to sell you a house. Startling !
(former)FormerSanDiegan
ParticipantI’m just saying that most people are not 100% bearish about everything.
Well-said.
September 7, 2007 at 1:59 PM in reply to: San Diego Inventories flat year over year . . . other southwest/Calif. markets all higher. Why? Is SD near a bottom? #83775(former)FormerSanDiegan
ParticipantAs I posted previously above, but was perhaps missed …
Months of inventory is more important than the raw number.
San Diego is ahead of the other markets. The reduced inventory is the effect of people who thought they might want to sell and possibly move up, getting out of the market. What remains is a higher majority of those who have to sell because they are moving, can’t afford it, facing foreclosure, etc, as well as those who inherited their homes, and those who have held for a long time and need to downsize.
We are likely to see a similar effect in the other SO Cal markets next year.(former)FormerSanDiegan
ParticipantNot really, all the gains since then have barely kept up with inflation. Once you factor in the declining dollar, there is much more money to be made in the global market.
So, tell me what happened if you shorted the US market starting in 2002. I’m pretty sure one would be better off long in US equities since 2002 than short, and that’s whether you live in San Diego, Paris or Hong Kong or buy your everyday stuff in rupees or kroners.
Also, I’ll take your argument to another erroneous conclusion : If you factor in the decline of the dollar, then housing is not overpriced. In fact, as measured against gold, housing is flat since 2000.
(former)FormerSanDiegan
Participant… of course, Peter Schiff went bearish on US equities in 2002, so even his timing was off… way off.
September 7, 2007 at 10:06 AM in reply to: Countrywide’s message of confidence turned to crisis #83733(former)FormerSanDiegan
ParticipantArticle requires registration (not a subscription), which is Free, but a hassle.
September 7, 2007 at 10:04 AM in reply to: Avoiding jumbo loans– 2 conforming loans mortgage option? #83732(former)FormerSanDiegan
ParticipantIf the second was used to initially purchase the property, then it is a non-recourse loan because it is acquisition debt.
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