[HappyHouseHunting]

The unintended consequences of demolishing homes would be fun to watch though! (Of course, I mean in a purely ghoulish way!)

Can you imagine if rather than sell at a loss they tore them down and basically said up yours to everyone!? They would still owe money to someone for all the money they used to build them but now would only have land to sell for cash. But, of course, real estate only goes up, so no need to be so drastic. Ha.

[HappyHouseHunting]

The unintended consequences of demolishing homes would be fun to watch though! (Of course, I mean in a purely ghoulish way!)

Can you imagine if rather than sell at a loss they tore them down and basically said up yours to everyone!? They would still owe money to someone for all the money they used to build them but now would only have land to sell for cash. But, of course, real estate only goes up, so no need to be so drastic. Ha.

[HappyHouseHunting]

The unintended consequences of demolishing homes would be fun to watch though! (Of course, I mean in a purely ghoulish way!)

Can you imagine if rather than sell at a loss they tore them down and basically said up yours to everyone!? They would still owe money to someone for all the money they used to build them but now would only have land to sell for cash. But, of course, real estate only goes up, so no need to be so drastic. Ha.

[HappyHouseHunting]

The unintended consequences of demolishing homes would be fun to watch though! (Of course, I mean in a purely ghoulish way!)

Can you imagine if rather than sell at a loss they tore them down and basically said up yours to everyone!? They would still owe money to someone for all the money they used to build them but now would only have land to sell for cash. But, of course, real estate only goes up, so no need to be so drastic. Ha.

[HappyHouseHunting]

The unintended consequences of demolishing homes would be fun to watch though! (Of course, I mean in a purely ghoulish way!)

Can you imagine if rather than sell at a loss they tore them down and basically said up yours to everyone!? They would still owe money to someone for all the money they used to build them but now would only have land to sell for cash. But, of course, real estate only goes up, so no need to be so drastic. Ha.

[HappyHouseHunting]

Also, judging by some of the comments of some analysts, if you make a median income, too bad, you cannot afford a home. A “Let them eat cake” sort of attitude.

I mean, really, what were we thinking that being middle class entitled us to a home? Or that an affordability index mattered? Or that you were responsible and bought only what you could afford? I mean, do fundamentals really matter to Wall Street?

HHH

[HappyHouseHunting]

Also, judging by some of the comments of some analysts, if you make a median income, too bad, you cannot afford a home. A “Let them eat cake” sort of attitude.

I mean, really, what were we thinking that being middle class entitled us to a home? Or that an affordability index mattered? Or that you were responsible and bought only what you could afford? I mean, do fundamentals really matter to Wall Street?

HHH

[HappyHouseHunting]

Also, judging by some of the comments of some analysts, if you make a median income, too bad, you cannot afford a home. A “Let them eat cake” sort of attitude.

I mean, really, what were we thinking that being middle class entitled us to a home? Or that an affordability index mattered? Or that you were responsible and bought only what you could afford? I mean, do fundamentals really matter to Wall Street?

HHH

[HappyHouseHunting]

Also, judging by some of the comments of some analysts, if you make a median income, too bad, you cannot afford a home. A “Let them eat cake” sort of attitude.

I mean, really, what were we thinking that being middle class entitled us to a home? Or that an affordability index mattered? Or that you were responsible and bought only what you could afford? I mean, do fundamentals really matter to Wall Street?

HHH

[HappyHouseHunting]

Also, judging by some of the comments of some analysts, if you make a median income, too bad, you cannot afford a home. A “Let them eat cake” sort of attitude.

I mean, really, what were we thinking that being middle class entitled us to a home? Or that an affordability index mattered? Or that you were responsible and bought only what you could afford? I mean, do fundamentals really matter to Wall Street?

HHH

[HappyHouseHunting]

Raptorduck,
I was not disagreeing with you either. I was also lamenting what that kind of money buys and how factors other than the current melt down everywhere else can also contribute to the strange and distorted pricing.

I was fascinated by the thread talking about multiple bids on very expensive homes in the Bay Area and the discussion regarding what is driving it. It has been an education to me reading about what drove the bubble.

I ALWAYS used to wonder who the hell was buying all these homes for the ridiculous prices they were paying and now I find out they could no more afford it than I could afford a home in the Bay Area! My ex and I made great money together and never would have bought a home at that price. (Well, to be fair, I wanted more house! but he prevailed.)

Family is pressuring me(in a loving way )to buy in San Diego but never would even have thought of it until now, but I do love Temecula and will probably stay.

[HappyHouseHunting]

Raptorduck,
I was not disagreeing with you either. I was also lamenting what that kind of money buys and how factors other than the current melt down everywhere else can also contribute to the strange and distorted pricing.

I was fascinated by the thread talking about multiple bids on very expensive homes in the Bay Area and the discussion regarding what is driving it. It has been an education to me reading about what drove the bubble.

I ALWAYS used to wonder who the hell was buying all these homes for the ridiculous prices they were paying and now I find out they could no more afford it than I could afford a home in the Bay Area! My ex and I made great money together and never would have bought a home at that price. (Well, to be fair, I wanted more house! but he prevailed.)

Family is pressuring me(in a loving way )to buy in San Diego but never would even have thought of it until now, but I do love Temecula and will probably stay.

[HappyHouseHunting]

Raptorduck,
I was not disagreeing with you either. I was also lamenting what that kind of money buys and how factors other than the current melt down everywhere else can also contribute to the strange and distorted pricing.

I was fascinated by the thread talking about multiple bids on very expensive homes in the Bay Area and the discussion regarding what is driving it. It has been an education to me reading about what drove the bubble.

I ALWAYS used to wonder who the hell was buying all these homes for the ridiculous prices they were paying and now I find out they could no more afford it than I could afford a home in the Bay Area! My ex and I made great money together and never would have bought a home at that price. (Well, to be fair, I wanted more house! but he prevailed.)

Family is pressuring me(in a loving way )to buy in San Diego but never would even have thought of it until now, but I do love Temecula and will probably stay.

[HappyHouseHunting]

Raptorduck,
I was not disagreeing with you either. I was also lamenting what that kind of money buys and how factors other than the current melt down everywhere else can also contribute to the strange and distorted pricing.

I was fascinated by the thread talking about multiple bids on very expensive homes in the Bay Area and the discussion regarding what is driving it. It has been an education to me reading about what drove the bubble.

I ALWAYS used to wonder who the hell was buying all these homes for the ridiculous prices they were paying and now I find out they could no more afford it than I could afford a home in the Bay Area! My ex and I made great money together and never would have bought a home at that price. (Well, to be fair, I wanted more house! but he prevailed.)

Family is pressuring me(in a loving way )to buy in San Diego but never would even have thought of it until now, but I do love Temecula and will probably stay.

[HappyHouseHunting]

Raptorduck,
I was not disagreeing with you either. I was also lamenting what that kind of money buys and how factors other than the current melt down everywhere else can also contribute to the strange and distorted pricing.

I was fascinated by the thread talking about multiple bids on very expensive homes in the Bay Area and the discussion regarding what is driving it. It has been an education to me reading about what drove the bubble.

I ALWAYS used to wonder who the hell was buying all these homes for the ridiculous prices they were paying and now I find out they could no more afford it than I could afford a home in the Bay Area! My ex and I made great money together and never would have bought a home at that price. (Well, to be fair, I wanted more house! but he prevailed.)

Family is pressuring me(in a loving way )to buy in San Diego but never would even have thought of it until now, but I do love Temecula and will probably stay.

[Author]

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