Forum Replies Created
-
AuthorPosts
-
March 14, 2007 at 4:14 PM in reply to: Gee, I wonder what George EmptyChamberHead has to say now… #47691
JWM in SD
ParticipantOh really, no mention at all eh? Well, isn’t that surprising…not. I hope he frys in whatever BS real estate deals he’s no doubtedly involved in.
March 12, 2007 at 7:38 AM in reply to: Interesting Price increase in Carmel Valley MLS – 071009616 #47412ParticipantOh no! A price increase. I guess the 20% / year appreciation is going to resume again starting tomorrow. Silly housing bears, what were we thinking?
Sarcasm off.
ParticipantHow many many of these changes in lending standards and imploding subprimes will it take before the permabull clowns finally begin to understand that the party is over?
ParticipantMy post isn’t specifically directed at you SD realtor. Second, your industry has been hijacked those idiots much the same way my former profession (accounting) was dealt a blow to reputation by the likes of Jeff Skilling and Arthur Anderson as a result of the Enron scandal…which by the way will be a drop in the ocean compared what we about to experience from this real estate mess.
Welcome to real world pal, don’t preach to me about how an industry can be tainted the acts of a few…been there already.
ParticipantVolume always precedes price, always.
ParticipantI don’t understand your point SD Realtor?? I don’t care what else you do. I’m sure those designations were difficult to attain, but the Realtor designation as well as a broker designation is not…period. That’s why there are so many scumbags who got into the industry to begin with during the boom. Why? Because they didn’t have to go study for 3 years before sitting for a exam that spans two full consecutive eight hour days.
By the way, I also hold a masters in project management and I’m PMP as well. FWIW.
ParticipantAlmost nothing in business compares to the reqs to pass the CPA exam. I took it and passed in 95 and it was a bear. The pass rate at that time was less than 15%. This is why I laugh at the idea of a broker or worse a realtor calling themselves professionals…they don’t have a freaking clue…
ParticipantDon’t think it won’t go there Perry…this thing is a monster tsunami that is rapidly approaching the SD shore…do not underestimate the extent the credit default problem…
ParticipantThis is what will kill housing prices in SoCal and specifically SD. NO CREDIT, NO SALE!! You can’t handle your reset, too bad, go into foreclosure because the easy money spigot has been shut off.
ParticipantI know, that one has always bugged me too. In my own experience, it’s not the little things that kill, it’s the big expenses. Although the small expenses can add up, they are also far more controllable than incurring a big expense. I’ve tried to explain this to my wife numerous times but she doesn’t buy it.
ParticipantFrom Calculated Risk…oh it’s coming soon, so stop the handwringing already…don’t wuss out now.
“It has only been during the last couple of weeks that lenders have been tightening some of their lending standards. The New Century and HSBC losses were announced on February 7th, and the Fremont lending changes were announced on Feb 12th.
These changes will probably have a measurable impact on sales in 2007. See: Subprime: The impact on Existing Home Sales in 2007
Since New Home sales are counted when contracts are signed, these changes in lending standards will probably show up in the March numbers (announced in April).
Existing home sales are counted at the close of escrow. So these changes might start showing up in the March numbers if earlier sales fail to close (announced in April) or possible in the April numbers (announced in May).
But I wouldn’t expect any impact on the February numbers to be announced in March.”
ParticipantI see that you’re another one who needs to sharpen their reading comprehension a bit. I said that I’ll be laughing at YOU.
There are no other options Raybyrnes. That is why the subprimes are being blown out of the water by being forced to buy back the crap loans they’ve been selling. I don’t need to guess, the CDO an ABX market tells me what I need to know about subprime and not so subprime for that matter.
ParticipantBut you see Bob, its not a bad situation for us renters. We’re paying about half of what it would cost to own the same property and can invest the difference. What is so bad about that?
ParticipantHey BioTech Dude, I’m from Chicago too…south sider. You know there is a Portillos in Buena Park right?
I moved here back in the Fall of 04 when it was at the height of the madness. I couldn’t figure out how the hell people making a lot less money than my wife and I were buying these 700K houses. It was completely baffling until I researhed it more closely and discovered the exotic financing behind the outrageous prices.
As for Bob, well, I think a enough has been said.
-
AuthorPosts