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May 24, 2007 at 9:48 PM in reply to: Temecula: How long till you see a video like this there? #54941May 17, 2007 at 9:23 AM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #53218
hipmatt
ParticipantTemeculaguy, the price slashing of $100k IS LEGIT, just go to the offices of Latour and Biarritz and see for yourself. I did mention that the price cuts are not reflected on the website, but I do believe that there were ads in the paper.
Or you can simple give them a call…
951) 926-0397
and
951) 325-2473Ask them if it is true that prices have been reduced $100k and then ask them if you get any incentives, and you will hear about the $19k too.
May 17, 2007 at 9:23 AM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #53225ParticipantTemeculaguy, the price slashing of $100k IS LEGIT, just go to the offices of Latour and Biarritz and see for yourself. I did mention that the price cuts are not reflected on the website, but I do believe that there were ads in the paper.
Or you can simple give them a call…
951) 926-0397
and
951) 325-2473Ask them if it is true that prices have been reduced $100k and then ask them if you get any incentives, and you will hear about the $19k too.
May 16, 2007 at 6:49 PM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #53112Participant23109VC..
Glad you can take the jokes and hard times from us with a grain of salt, you seem like a nice, intelligent guy, you will do fine in your next purchase, just keep on researching the RE market and the economy. I’m sure you will be an expert soon enough… and enjoy the LOW rent you pay, you should be celebrating this if nothing else. Many here probably feel as though you have it pretty damn good!May 16, 2007 at 6:49 PM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #53119Participant23109VC..
Glad you can take the jokes and hard times from us with a grain of salt, you seem like a nice, intelligent guy, you will do fine in your next purchase, just keep on researching the RE market and the economy. I’m sure you will be an expert soon enough… and enjoy the LOW rent you pay, you should be celebrating this if nothing else. Many here probably feel as though you have it pretty damn good!May 15, 2007 at 10:52 PM in reply to: Gorgeous 5 bedroom 2 bath located in Poway. Priced to sell! #52985ParticipantIf the huge fence in front of the house would COMPLETELY block the view of the home, then I’d say we are getting close to gorgeous.
May 15, 2007 at 10:48 PM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #52984Participant23109VC….
I don’t want to offend you or put you off, but I laugh every time I read your posts….you must have mentioned the so called “potential” purchase of your rental Harveston home.. at least a dozen times if not more on piggington.com.. a thread here and there.. you are looking for advice, running numbers, asking for our blessing to buy a home… talking yourself in and out of it… taking a stand to rent, then a week later, trying to justify the purchase… I laugh to myself, in a nice way, you are a funny guy.
I just want to say I have never met someone so obsessive compulsive to either buy or continue renting a home… you are determined to confuse yourself about the issue, to the point of creating multiple personalities(or maybe you already had two?), and it seems like even today, you are still unsure about what to do, and you are chomping at the bit to purchase a home…. that is until you ask the regulars at piggington, in which case, we usually tell you that the market is most likely not even close to its full correction, and that home prices are likely to fall quite a bit further, especially in the highly risky Temecula Valley. Then, you usually agree with us, and decide to stay put and rent, and then we all sigh a bit of relief and go, whewww, glad thats over… for a week, then you post the same question over again?
Are you friends with someone in RE in Tem, who keeps on telling you that you are a fool for not buying that house? The local agents are CLUELESS as to A. what cuased this huge bubble, B. why the party is over, and C. how low things can really go. They are absolutely BLIND to logical economic theory, and historical events that are repeating themselves.
If you were to buy, this would be fine, as the ultimate decision is up to you, but for your own sake(and probably your wife’s too), take a side, one way or another. I think you should know what our “take” is by now, so no, you don’t even have to ask. Bottom line is if you have to ask again, you A. aren’t getting the content on this site, B. the answer is NO, or C. you are your own worst enemy and nothing we say matters anyways.
In any case, I wish you good luck and fortune, and take what I said a bit jokingly, but seriously, stop asking if you should buy now!
May 15, 2007 at 8:29 AM in reply to: Question: Is there any direct correlation between stock market and real estate market? #52878ParticipantThe next possible cycle low I see for RE is 2008, so it could be at that time that we see another swing down in stocks and up in RE as money shifts.
How is it that you think that we will be at a low in 2008? When every other recent RE bust has taken at least 4-5 years, and this has been the longest, and far largest RE boom in history?? I just get amazed everytime someone predicts 2008 as the bottom of the market? This is just your gut feeling right?? Do you have any data to back up this ultra quick 2 year correction?.. and then you think the RE market will go back up..
Even if you look at Rich's chart .. and he is wrong .. it still won't be close to a 2 year correction…
[img_assist|nid=3095|title=Rich's Chart|desc=|link=node|align=left|width=466|height=393]
I see no need to flee the US from an investment standpoint.
With the all the risks that the US economy is facing right now, you see no need to flee the US? Possible and likely future high inflation, a dollar that is loosing purchasing power ever day, and the end of a huge credit bubble, risk of rate hikes.. That is a pretty bold statement, considering even mainstream media is cautioning investing in the US.
No offense Chris, but I find your logic quite strange.
ParticipantInflation figures are crap.. they don’t include energy or food … hmmm two things that are mandatory to spend on to survive… and two things that have very high inflation.
Wall Street is funny though… every time the market gets decent news, or no bad news , the market surges up.. bulls party, celebrate, and brag about the future strength of the economy, but then, they all call for, and expect a rate cut to help stimulate the economy… but if the economy is doing as good as they say, or as good as the markets are showing lately.. then why do they need a rate cut??
On the other hand, if the fed suggests a rate increase, wall street PANICS, in a whiny type fashion…and sells off the market.. and goes… boo hooo.. you are gonna raise rates, that will ruin my quarter here.. even if it is good for the dollar, inflation, and it will help repair our current negative savings rate and maybe prevent future credit and debt problems that Americans face.
I didn’t realize how much wall street panders to the fed, begging and pleading like a spoiled child to the fed to get what they want, then when they get their present, they go bragging instantly to the world… see.. we just got a rate cut!!!! Look at my stock prices surge. or they can use threat to influence the fed by pulling out of the market and saying.. you made me do this… if you raise rates… we will just destroy the markets and then it will be your fault. No one will like you..
and it seems to be working.I also think the point is that our economy is SO dependent on finance, easy money, and consumer debt, and that is why our markets flip out day to day depending on the latest inflation numbers, or fed rate talk.
May 10, 2007 at 9:53 AM in reply to: So if the U.S. dollar is 10-15% lower than 2005, than does it mean…. #52310ParticipantIt means now is a great time to buy a home with no money down, a 125% financed, negative amortization, variable-rate, interest only, stated income loan, where you inflate your income by 50%, but then blame your broker for allowing you to do it, and file a lawsuit against them so you can absolve yourself of any responsibility or consequences of your reckless actions.
Ahhh…. The American Dream.
LOL!!! I love it.
ParticipantCongrats, you made the right move. I laugh at all the (desperate)stories I hear lately, but yours is a good one!
ParticipantI don’t know, but I have to be honest, right now I’m getting killed with my rather bearish investments…
OIL, GOLD, foreign currencies, a bear market fund that I should have gotten out of months ago. The last 2 weeks have been tough. I will ride it out I think. At least I got out of RE at the right spot.
I really don’t see why the dow has been skyrocketing upwards.. there are still a lot of negative indicators out there. I will really be surprised if the 3rd quarter continues this well. I have a few insiders at prominent businesses that say it has been relatively dead the last few months. If this trend is larger, it will show up next earnings.ParticipantSo the lenders and banks are required to sit and do nothing while the poor victimized home owner skips payments… Thats gonna last. I don’t see how this can be legal or right? Banks have the right to foreclose on the homes when borrowers can’t repay, no matter how ridiculous the loan terms may have been. That is stated in the contract. If they are going into foreclosure, they have probably already waited 90 days anyways.
Let me guess.. the next answer to the problem… have the tax payers make the payments while the homeowner isn’t, until the poor guy gets back on his feet. Booo Hooo 🙁
April 30, 2007 at 9:03 AM in reply to: Price drop will be to pre bubble DOLLARS or adjusted for inflation??? #51438ParticipantI still say that housing in socal will drop another 30-40% from here, and it will take another 3-5 years to hit bottom. Probably end up close to year 2000 prices. It depends on how smart the lending industry/regulation becomes… if they end tightening lending standards a lot, it may be worse, as there were still a lot of sub-prime, int. only, 100% financing loans in 2000.
ParticipantYou think a 2 year correction will follow a 10 year boom as you pointed out…???? Hmm… Usually corrections in RE have averaged at least 5 years… but in this record setting bubble for time and price appreciation, it will all be over in a few years.. come on guys.
I agree with your points, but this is gonna take longer than two years. If you think you will be getting an “opportunity” in summer of 08, then I wonder what kind of deal others will be getting in 2010…
After a 300-400% home price appreciation in SD and the IE in the last 10 years… you think you will be getting a deal if housing falls only 20-30%.. I don’t.
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