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August 26, 2007 at 9:39 PM in reply to: “short of Charlie Manson moving in — it can’t be any worse,” #81355
HLS
ParticipantThe Gordons fear they will lose hundreds of thousands of dollars in equity…. We’ll have to live here eight to ten years before we get our equity back,” said Joe.
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Bob Taylor….. they didn’t think they would break even after the market turned south.
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WHY are people so fixated on “breaking even” ??
With $50K +++ a year in carrying costs, do they figure that they are even if they spend $500K over 10 years and then can sell for what they paid ??I know that there are people still holding on to tech stocks, and after 8 years, still waiting to get even.
They don’t even know what the wash rule is.MY Golden Rule: If ya cannot take it back for a refund, it doesn’t matter what you paid. It’s worth what it’s worth.
Not surprising that many property “investors” have never heard of a 1031 exchange either.
So many people are so out of their league.
Where’s Allen from Fallbrook ??
Would you let your Pop Warner kids play on a college team ???I especially like the clarification of WHO Charles Manson is 🙂
August 26, 2007 at 9:39 PM in reply to: “short of Charlie Manson moving in — it can’t be any worse,” #81488ParticipantThe Gordons fear they will lose hundreds of thousands of dollars in equity…. We’ll have to live here eight to ten years before we get our equity back,” said Joe.
AND
Bob Taylor….. they didn’t think they would break even after the market turned south.
*******************************************
WHY are people so fixated on “breaking even” ??
With $50K +++ a year in carrying costs, do they figure that they are even if they spend $500K over 10 years and then can sell for what they paid ??I know that there are people still holding on to tech stocks, and after 8 years, still waiting to get even.
They don’t even know what the wash rule is.MY Golden Rule: If ya cannot take it back for a refund, it doesn’t matter what you paid. It’s worth what it’s worth.
Not surprising that many property “investors” have never heard of a 1031 exchange either.
So many people are so out of their league.
Where’s Allen from Fallbrook ??
Would you let your Pop Warner kids play on a college team ???I especially like the clarification of WHO Charles Manson is 🙂
August 26, 2007 at 9:39 PM in reply to: “short of Charlie Manson moving in — it can’t be any worse,” #81509ParticipantThe Gordons fear they will lose hundreds of thousands of dollars in equity…. We’ll have to live here eight to ten years before we get our equity back,” said Joe.
AND
Bob Taylor….. they didn’t think they would break even after the market turned south.
*******************************************
WHY are people so fixated on “breaking even” ??
With $50K +++ a year in carrying costs, do they figure that they are even if they spend $500K over 10 years and then can sell for what they paid ??I know that there are people still holding on to tech stocks, and after 8 years, still waiting to get even.
They don’t even know what the wash rule is.MY Golden Rule: If ya cannot take it back for a refund, it doesn’t matter what you paid. It’s worth what it’s worth.
Not surprising that many property “investors” have never heard of a 1031 exchange either.
So many people are so out of their league.
Where’s Allen from Fallbrook ??
Would you let your Pop Warner kids play on a college team ???I especially like the clarification of WHO Charles Manson is 🙂
ParticipantReminds me of another joke…..
He was so fat that he had pesos in one pocket and Canadian dollars in the other….
(With the census report he could use US$ on average)ParticipantReminds me of another joke…..
He was so fat that he had pesos in one pocket and Canadian dollars in the other….
(With the census report he could use US$ on average)ParticipantReminds me of another joke…..
He was so fat that he had pesos in one pocket and Canadian dollars in the other….
(With the census report he could use US$ on average)ParticipantSo even with a margin of 12%, it’s a manipulated estimate on top of that,
While NOT seasonally adjusted is a REAL number ?ParticipantSo even with a margin of 12%, it’s a manipulated estimate on top of that,
While NOT seasonally adjusted is a REAL number ?ParticipantSo even with a margin of 12%, it’s a manipulated estimate on top of that,
While NOT seasonally adjusted is a REAL number ?ParticipantREO’s will probably be easier/quicker.
You could make a short sale offer, go on a one month cruise, come home and still not have a reply.
Not sure how the auction gets their inventory, they only have a few properties. Certain lenders that are almost BK just want ANY cash, regardless of value.
They had a sale in Ontario yesterday and one in LA today.
There will be more.Most people have too much emotion in their house to deal with while they are still there. Even when they are losing it, they cannot forget what they paid or all the memories.
They are probably losing it because they have no equity.We are certainly no longer at the top, but I think still a long way from the bottom, and whenever/wherever the bottom is, the market isn’t going to bounce.
In retrospect, The extended flatline will determine what the bottom was.
The newer an area is that you like, the more likely you are to have choices of bargains.
ParticipantREO’s will probably be easier/quicker.
You could make a short sale offer, go on a one month cruise, come home and still not have a reply.
Not sure how the auction gets their inventory, they only have a few properties. Certain lenders that are almost BK just want ANY cash, regardless of value.
They had a sale in Ontario yesterday and one in LA today.
There will be more.Most people have too much emotion in their house to deal with while they are still there. Even when they are losing it, they cannot forget what they paid or all the memories.
They are probably losing it because they have no equity.We are certainly no longer at the top, but I think still a long way from the bottom, and whenever/wherever the bottom is, the market isn’t going to bounce.
In retrospect, The extended flatline will determine what the bottom was.
The newer an area is that you like, the more likely you are to have choices of bargains.
ParticipantREO’s will probably be easier/quicker.
You could make a short sale offer, go on a one month cruise, come home and still not have a reply.
Not sure how the auction gets their inventory, they only have a few properties. Certain lenders that are almost BK just want ANY cash, regardless of value.
They had a sale in Ontario yesterday and one in LA today.
There will be more.Most people have too much emotion in their house to deal with while they are still there. Even when they are losing it, they cannot forget what they paid or all the memories.
They are probably losing it because they have no equity.We are certainly no longer at the top, but I think still a long way from the bottom, and whenever/wherever the bottom is, the market isn’t going to bounce.
In retrospect, The extended flatline will determine what the bottom was.
The newer an area is that you like, the more likely you are to have choices of bargains.
ParticipantHe’s only open from 9-3 I think. It’s a tiny shop with just one chair.
How old is a “kid” these days ?
I spoke with a 90 year old once whose 70 year old kid lived with him…Don’t know if he has an age minimum 😉
ParticipantHe’s only open from 9-3 I think. It’s a tiny shop with just one chair.
How old is a “kid” these days ?
I spoke with a 90 year old once whose 70 year old kid lived with him…Don’t know if he has an age minimum 😉
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