[garysears]

Awesome thread. I share the frustration. A year ago was a MUCH better time to be shopping on the low end. If prices don’t get back where they were I will not ever be buying in San Diego. Part of me thinks there is no way to put off the fundamentals forever but part of me has given up on reality ever asserting itself. I’m tempted to move to Florida and pay cash at 1/3 the price.

I blame the flippers for the lack of reasonably priced inventory, but more the FHA for spiking the demand at the the low end. Until big gov stepped up to fill the lending void deals were close to getting reasonable. Perhaps they are gone. I don’t know. I do know I intend to sign a 1 yr lease soon. I don’t intend to compete against the no/low money down crowd.

[garysears]

Not many serious threads make it to page 3 without getting jacked. Intentional default is OK but it is soooo 2008. You added credit card default to your plan, but unsecured default is a separate issue. If the losses were really going to the banks with intentional default I would be in favor of it. Force the banks to make wise risk decisions when making secured loans. Unfortunately, it will just mean losses to the GSEs who will be bailed out with further government debt (and ultimate “quantitative easing”).

It is not as critical in SoCal as say Florida, but properties need to be lived in or they quickly degrade. Responsible squatters who keep the place clean and even do minor maintenance and yard upkeep provide a valuable service to the banks. Squatting in homes banks refuse to take back harms no one except the unidentifiable rentier who will not getting your rent check. I think it is a net benefit to society and should be encouraged.

[garysears]

Not many serious threads make it to page 3 without getting jacked. Intentional default is OK but it is soooo 2008. You added credit card default to your plan, but unsecured default is a separate issue. If the losses were really going to the banks with intentional default I would be in favor of it. Force the banks to make wise risk decisions when making secured loans. Unfortunately, it will just mean losses to the GSEs who will be bailed out with further government debt (and ultimate “quantitative easing”).

It is not as critical in SoCal as say Florida, but properties need to be lived in or they quickly degrade. Responsible squatters who keep the place clean and even do minor maintenance and yard upkeep provide a valuable service to the banks. Squatting in homes banks refuse to take back harms no one except the unidentifiable rentier who will not getting your rent check. I think it is a net benefit to society and should be encouraged.

[garysears]

Not many serious threads make it to page 3 without getting jacked. Intentional default is OK but it is soooo 2008. You added credit card default to your plan, but unsecured default is a separate issue. If the losses were really going to the banks with intentional default I would be in favor of it. Force the banks to make wise risk decisions when making secured loans. Unfortunately, it will just mean losses to the GSEs who will be bailed out with further government debt (and ultimate “quantitative easing”).

It is not as critical in SoCal as say Florida, but properties need to be lived in or they quickly degrade. Responsible squatters who keep the place clean and even do minor maintenance and yard upkeep provide a valuable service to the banks. Squatting in homes banks refuse to take back harms no one except the unidentifiable rentier who will not getting your rent check. I think it is a net benefit to society and should be encouraged.

[garysears]

Not many serious threads make it to page 3 without getting jacked. Intentional default is OK but it is soooo 2008. You added credit card default to your plan, but unsecured default is a separate issue. If the losses were really going to the banks with intentional default I would be in favor of it. Force the banks to make wise risk decisions when making secured loans. Unfortunately, it will just mean losses to the GSEs who will be bailed out with further government debt (and ultimate “quantitative easing”).

It is not as critical in SoCal as say Florida, but properties need to be lived in or they quickly degrade. Responsible squatters who keep the place clean and even do minor maintenance and yard upkeep provide a valuable service to the banks. Squatting in homes banks refuse to take back harms no one except the unidentifiable rentier who will not getting your rent check. I think it is a net benefit to society and should be encouraged.

[garysears]

Not many serious threads make it to page 3 without getting jacked. Intentional default is OK but it is soooo 2008. You added credit card default to your plan, but unsecured default is a separate issue. If the losses were really going to the banks with intentional default I would be in favor of it. Force the banks to make wise risk decisions when making secured loans. Unfortunately, it will just mean losses to the GSEs who will be bailed out with further government debt (and ultimate “quantitative easing”).

It is not as critical in SoCal as say Florida, but properties need to be lived in or they quickly degrade. Responsible squatters who keep the place clean and even do minor maintenance and yard upkeep provide a valuable service to the banks. Squatting in homes banks refuse to take back harms no one except the unidentifiable rentier who will not getting your rent check. I think it is a net benefit to society and should be encouraged.

[garysears]

Thanks for the sympathy but no need to feel bad. I am still unencumbered by debt and might end up with a better deal in the long run if I ever buy.

It was REO. The seller is a third party asset manager hired by the bank (Saxon Mortgage). Going to the asset manager or bank will not do me any good. It will not recover my money. That is fundamentally the problem with trying to complain. There is no upside. All the time and effort required don’t benefit me. The property is not going to be sold to me and it is not worth any more mental effort or stress. I need to learn from it and move on.

It turns out my realtor has filed a complaint against this agent in the past, to no avail apparently. I have found out more recently he is known locally within realtor circles as a bad apple. Too bad the San Diego realtors association doesn’t really care. No ability to self police members.

I left it to my agent to pursue if she desires. She worked hard for me since January and deserved a commission but she won’t get one from me. I am done. She works hard and is nice but I don’t feel I was represented as a buyer effectively. If she feels upset enough over the lost commission she will take it up.

[garysears]

Thanks for the sympathy but no need to feel bad. I am still unencumbered by debt and might end up with a better deal in the long run if I ever buy.

It was REO. The seller is a third party asset manager hired by the bank (Saxon Mortgage). Going to the asset manager or bank will not do me any good. It will not recover my money. That is fundamentally the problem with trying to complain. There is no upside. All the time and effort required don’t benefit me. The property is not going to be sold to me and it is not worth any more mental effort or stress. I need to learn from it and move on.

It turns out my realtor has filed a complaint against this agent in the past, to no avail apparently. I have found out more recently he is known locally within realtor circles as a bad apple. Too bad the San Diego realtors association doesn’t really care. No ability to self police members.

I left it to my agent to pursue if she desires. She worked hard for me since January and deserved a commission but she won’t get one from me. I am done. She works hard and is nice but I don’t feel I was represented as a buyer effectively. If she feels upset enough over the lost commission she will take it up.

[garysears]

Thanks for the sympathy but no need to feel bad. I am still unencumbered by debt and might end up with a better deal in the long run if I ever buy.

It was REO. The seller is a third party asset manager hired by the bank (Saxon Mortgage). Going to the asset manager or bank will not do me any good. It will not recover my money. That is fundamentally the problem with trying to complain. There is no upside. All the time and effort required don’t benefit me. The property is not going to be sold to me and it is not worth any more mental effort or stress. I need to learn from it and move on.

It turns out my realtor has filed a complaint against this agent in the past, to no avail apparently. I have found out more recently he is known locally within realtor circles as a bad apple. Too bad the San Diego realtors association doesn’t really care. No ability to self police members.

I left it to my agent to pursue if she desires. She worked hard for me since January and deserved a commission but she won’t get one from me. I am done. She works hard and is nice but I don’t feel I was represented as a buyer effectively. If she feels upset enough over the lost commission she will take it up.

[garysears]

Thanks for the sympathy but no need to feel bad. I am still unencumbered by debt and might end up with a better deal in the long run if I ever buy.

It was REO. The seller is a third party asset manager hired by the bank (Saxon Mortgage). Going to the asset manager or bank will not do me any good. It will not recover my money. That is fundamentally the problem with trying to complain. There is no upside. All the time and effort required don’t benefit me. The property is not going to be sold to me and it is not worth any more mental effort or stress. I need to learn from it and move on.

It turns out my realtor has filed a complaint against this agent in the past, to no avail apparently. I have found out more recently he is known locally within realtor circles as a bad apple. Too bad the San Diego realtors association doesn’t really care. No ability to self police members.

I left it to my agent to pursue if she desires. She worked hard for me since January and deserved a commission but she won’t get one from me. I am done. She works hard and is nice but I don’t feel I was represented as a buyer effectively. If she feels upset enough over the lost commission she will take it up.

[garysears]

Thanks for the sympathy but no need to feel bad. I am still unencumbered by debt and might end up with a better deal in the long run if I ever buy.

It was REO. The seller is a third party asset manager hired by the bank (Saxon Mortgage). Going to the asset manager or bank will not do me any good. It will not recover my money. That is fundamentally the problem with trying to complain. There is no upside. All the time and effort required don’t benefit me. The property is not going to be sold to me and it is not worth any more mental effort or stress. I need to learn from it and move on.

It turns out my realtor has filed a complaint against this agent in the past, to no avail apparently. I have found out more recently he is known locally within realtor circles as a bad apple. Too bad the San Diego realtors association doesn’t really care. No ability to self police members.

I left it to my agent to pursue if she desires. She worked hard for me since January and deserved a commission but she won’t get one from me. I am done. She works hard and is nice but I don’t feel I was represented as a buyer effectively. If she feels upset enough over the lost commission she will take it up.

[garysears]

“I am sure it would work, but who wants to live that way?”

Single people with few possessions and a free spirit. If you want a personal bailout, this has the least risk in my opinion.

Or you can gamble on hyperinflation to bail you out and lever up.

I’m not willing to do either. So I will continue to pay rent and be the sucker.

[garysears]

“I am sure it would work, but who wants to live that way?”

Single people with few possessions and a free spirit. If you want a personal bailout, this has the least risk in my opinion.

Or you can gamble on hyperinflation to bail you out and lever up.

I’m not willing to do either. So I will continue to pay rent and be the sucker.

[garysears]

“I am sure it would work, but who wants to live that way?”

Single people with few possessions and a free spirit. If you want a personal bailout, this has the least risk in my opinion.

Or you can gamble on hyperinflation to bail you out and lever up.

I’m not willing to do either. So I will continue to pay rent and be the sucker.

[garysears]

“I am sure it would work, but who wants to live that way?”

Single people with few possessions and a free spirit. If you want a personal bailout, this has the least risk in my opinion.

Or you can gamble on hyperinflation to bail you out and lever up.

I’m not willing to do either. So I will continue to pay rent and be the sucker.

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