[ibjames]

wasn’t the news guy that had a house burn down right next to 4s?

[ibjames]

I wish I was in your shoes, I’m one of those white collar professionals that moved out here, and cannot buy a home. I have friends moving away, all are frustrated.

So pardon me while the guy in the mailroom laughs at me because I didn’t take out an interest only loan and ride the gravy train. He’s been trying to sell his place in normal heights now for over 8 months.

I’m supposed to be sorry? I’m the one that didn’t gamble, didn’t buy lavish items to keep up with the Joneses. I saved and tried to be rational, and still feel that things got so blown out of proportion shit will never get back to levels that make sense.

Greed and chaos led by stupidity, one big toilet that is flushing right now. Except, I’m not one of the turds in the toilet that was hailing interest only as a great investment tool.

Eh.. feel sorry for them. No one cared about the person that could never even get into a house. They weren’t coming up with sob stories in the newspapers for them. So they must not exist.

[ibjames]

I wish I was in your shoes, I’m one of those white collar professionals that moved out here, and cannot buy a home. I have friends moving away, all are frustrated.

So pardon me while the guy in the mailroom laughs at me because I didn’t take out an interest only loan and ride the gravy train. He’s been trying to sell his place in normal heights now for over 8 months.

I’m supposed to be sorry? I’m the one that didn’t gamble, didn’t buy lavish items to keep up with the Joneses. I saved and tried to be rational, and still feel that things got so blown out of proportion shit will never get back to levels that make sense.

Greed and chaos led by stupidity, one big toilet that is flushing right now. Except, I’m not one of the turds in the toilet that was hailing interest only as a great investment tool.

Eh.. feel sorry for them. No one cared about the person that could never even get into a house. They weren’t coming up with sob stories in the newspapers for them. So they must not exist.

[ibjames]

I think this thread should be deleted

[ibjames]

I think this thread should be deleted

[ibjames]

ha Drunkle, classic

[ibjames]

ha Drunkle, classic

[ibjames]

Yeah.. it’s a huge investment, you go to the salesguy and get advice.. smart. Then you feel like a victim, give me a break

[ibjames]

Yeah.. it’s a huge investment, you go to the salesguy and get advice.. smart. Then you feel like a victim, give me a break

[ibjames]

I think it’s interesting, I just wish the prices would start reflecting something like that down in SD

[ibjames]

I think it’s interesting, I just wish the prices would start reflecting something like that down in SD

[ibjames]

A lot of people get carried away by this, a lot of the nation did not have the same problems as SoCal in the crazy mortgage biz. Many people in a large part of the country used low interest rates with 30 year loans to buy a house. You didn’t need a crazy mortgage.

I don’t understand why the general thought process is that if southern CA, AZ, and LV take a big dive the whole country will.

I’ve lived here for almost two years and I don’t know many people, but I do know people that are leaving/have left already because of the mortgage fiasco and inability to buy a home. White collar professionals.. who have worked to have the american dream and live here, looking through the glass window wondering if they will ever own. Many are asking why the hell are they here? It’s not a question in most of the US with their income, so they are leaving for greener pastures.

Honestly, look at the numbers, a LOT of great wage earners would have to be here to keep prices near current levels. So has the median household income in SD up to 140k now? If not, it just seems like a big stack of cards is being built up and it’s just being added and added to. There will be a time when that card pile falls down.

I do not expect prices to be the same as the midwest or other affordable places, but I just can’t see how prices will not adjust dramatically either.

Or perhaps I should just be looking for greener pastures..

[ibjames]

A lot of people get carried away by this, a lot of the nation did not have the same problems as SoCal in the crazy mortgage biz. Many people in a large part of the country used low interest rates with 30 year loans to buy a house. You didn’t need a crazy mortgage.

I don’t understand why the general thought process is that if southern CA, AZ, and LV take a big dive the whole country will.

I’ve lived here for almost two years and I don’t know many people, but I do know people that are leaving/have left already because of the mortgage fiasco and inability to buy a home. White collar professionals.. who have worked to have the american dream and live here, looking through the glass window wondering if they will ever own. Many are asking why the hell are they here? It’s not a question in most of the US with their income, so they are leaving for greener pastures.

Honestly, look at the numbers, a LOT of great wage earners would have to be here to keep prices near current levels. So has the median household income in SD up to 140k now? If not, it just seems like a big stack of cards is being built up and it’s just being added and added to. There will be a time when that card pile falls down.

I do not expect prices to be the same as the midwest or other affordable places, but I just can’t see how prices will not adjust dramatically either.

Or perhaps I should just be looking for greener pastures..

[ibjames]

While harsh, I have to admit, some of the replies here are hilarious

[ibjames]

While harsh, I have to admit, some of the replies here are hilarious

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