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JWM in SD
Participant“The ONLY way I can foresee any r/e price reductions is if people are unable to service their debt and that will happen only if unemployment increases to > ~ 8% like the 90s.”
Oh silly me, I guess record levels of NODs in SD county doesn’t translate to not being able to service debt. How silly of me to mis-interpret that.
Are freaking retarded or what???
Participant“Their economy has to turn really sour for a big time price drop.”
Uhhh, lets see…40% of new job growth in the past several was in what industries again???? Biotech? No. Manufacturing? Oh, hell no. Gee, what was it?
You really don’t get it do you?
Participant“Their economy has to turn really sour for a big time price drop.”
Uhhh, lets see…40% of new job growth in the past several was in what industries again???? Biotech? No. Manufacturing? Oh, hell no. Gee, what was it?
You really don’t get it do you?
ParticipantSorry Boob, but I don’t drive only using my rearview mirror.
“If you truly believe your own posts, then you should forget about housing for the next 2-3 years and focus on better things. Why hang around and bash everyone who writes something you don’t agree with?”
BAshing??? I’m not the one who started this thread with the suggestion of shutting this site down.
What you and the other permabull losers need to understand is that there is no compulsion to buy a house…NONE. I don’t have to until I want to do so. More specifically, when rents are more in line with monthly carrying costs.
I will buy when there is blood in streets. When you and RB Engineer start whining about how bad an investment RE is. That’s when I know to buy.
ParticipantSorry Boob, but I don’t drive only using my rearview mirror.
“If you truly believe your own posts, then you should forget about housing for the next 2-3 years and focus on better things. Why hang around and bash everyone who writes something you don’t agree with?”
BAshing??? I’m not the one who started this thread with the suggestion of shutting this site down.
What you and the other permabull losers need to understand is that there is no compulsion to buy a house…NONE. I don’t have to until I want to do so. More specifically, when rents are more in line with monthly carrying costs.
I will buy when there is blood in streets. When you and RB Engineer start whining about how bad an investment RE is. That’s when I know to buy.
ParticipantHmm, I don’t know, I enjoy the rental home I’m in and I don’t have to pay through the nose for it. My bank account is even happier right now.
ParticipantHmm, I don’t know, I enjoy the rental home I’m in and I don’t have to pay through the nose for it. My bank account is even happier right now.
ParticipantOh you continue to crack me up RB Engineer. Heat? You mean like the heat an FB feels from an imminent loan reset? No, no such pressure for me.
Why am I confrontational? I’ll tell you exactly why. I’ve diligently saved for many years now and watched the value my savings decline relative to housing prices all as a result of a massive credit bubble blown by the Fed / Greenspan to stave off a recession back in 00 / 01. Where did the value of that savings go? It went to the scumbag realtors and DBag Mortgage Brokers so they could drive around in MBZs and BMWs pretending like they are real business people. Now that I see the tide turning and the ponzi scheme being exposed for wjat it really was, then I begin to have some hope that this country can reset its economy and right the ship again.
I have no debt, cash and time. What do the FBs have besides a stucco box and a mountain of debt ???
ParticipantOh you continue to crack me up RB Engineer. Heat? You mean like the heat an FB feels from an imminent loan reset? No, no such pressure for me.
Why am I confrontational? I’ll tell you exactly why. I’ve diligently saved for many years now and watched the value my savings decline relative to housing prices all as a result of a massive credit bubble blown by the Fed / Greenspan to stave off a recession back in 00 / 01. Where did the value of that savings go? It went to the scumbag realtors and DBag Mortgage Brokers so they could drive around in MBZs and BMWs pretending like they are real business people. Now that I see the tide turning and the ponzi scheme being exposed for wjat it really was, then I begin to have some hope that this country can reset its economy and right the ship again.
I have no debt, cash and time. What do the FBs have besides a stucco box and a mountain of debt ???
ParticipantRB-Engineer,
Uh, have you looked at the bubble primer on this site???
3 things make me certain where the housing market is going:
1.) Loan Reset Graph
2.) SD/SoCal Forclosure graph (near vertical)
3.) 90 plus subprime lenders pushing up daisies.You clowns really crack me up you know. There is more data than you can shake stick at to show where this is going and you morons still don’t get it do you???
Go Buy Some More Houses then and see how that works out for you in 6 months.
ParticipantRB-Engineer,
Uh, have you looked at the bubble primer on this site???
3 things make me certain where the housing market is going:
1.) Loan Reset Graph
2.) SD/SoCal Forclosure graph (near vertical)
3.) 90 plus subprime lenders pushing up daisies.You clowns really crack me up you know. There is more data than you can shake stick at to show where this is going and you morons still don’t get it do you???
Go Buy Some More Houses then and see how that works out for you in 6 months.
Participant“JWM,
I don’t think that anyone who shares their opinion should be called a troll. Should we all agree your view is the correct one, and the group go silent for 3 years waiting for it to play out? There are new people joining all the time. This is where they learn. When you lose your objectivity and start attacking the poster, I think is shows a lack of confidence in your belief.”
How many factual posts have been made that refute Scruffy’s assertions there Bob??? Opinion??? No, he’s not posting an opinion, he is posting pure REIC propaganda. If you can’t see that then I take pity you for being such blind fool.
Participant“JWM,
I don’t think that anyone who shares their opinion should be called a troll. Should we all agree your view is the correct one, and the group go silent for 3 years waiting for it to play out? There are new people joining all the time. This is where they learn. When you lose your objectivity and start attacking the poster, I think is shows a lack of confidence in your belief.”
How many factual posts have been made that refute Scruffy’s assertions there Bob??? Opinion??? No, he’s not posting an opinion, he is posting pure REIC propaganda. If you can’t see that then I take pity you for being such blind fool.
ParticipantNate,
Ordinarily I would agree with you but the problem is that there are a lot of newbies to the reality of the SD housing market and they are coming here to understand what’s going on. A good thing in my opinion. The problem is that there are troll posters like Scruffy Dog who’s sole intent is to misinform the newbies and attempt to make them think that we are doom and gloomers.
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