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JWM in SD
ParticipantYou know, I asked the question about what the source of the downpayments was and was roundly criticized by the realtor triad here because according to them, it is irrelevant.
Of course, you and I both know better. It is entirely relevant because it speaks to the sustainability of any bounce that may occur on the way to the bottom in prices.
Here is the multi-part question I posed and never really got an answer and I suspect I know why:
How many of these sideline buyers:
1.Have at least 20% down in Cash that is NOT SOURCED from the following: Prior sale of another house in a bubble zone, actually equity extracted from a house in bubble zone, from Mommy or Daddy.
2.Are first time buyers.
3.Age 35 or younger. In the case of a married couple, both must meet this criteria.
ParticipantYou know, I asked the question about what the source of the downpayments was and was roundly criticized by the realtor triad here because according to them, it is irrelevant.
Of course, you and I both know better. It is entirely relevant because it speaks to the sustainability of any bounce that may occur on the way to the bottom in prices.
Here is the multi-part question I posed and never really got an answer and I suspect I know why:
How many of these sideline buyers:
1.Have at least 20% down in Cash that is NOT SOURCED from the following: Prior sale of another house in a bubble zone, actually equity extracted from a house in bubble zone, from Mommy or Daddy.
2.Are first time buyers.
3.Age 35 or younger. In the case of a married couple, both must meet this criteria.
ParticipantYou know, I asked the question about what the source of the downpayments was and was roundly criticized by the realtor triad here because according to them, it is irrelevant.
Of course, you and I both know better. It is entirely relevant because it speaks to the sustainability of any bounce that may occur on the way to the bottom in prices.
Here is the multi-part question I posed and never really got an answer and I suspect I know why:
How many of these sideline buyers:
1.Have at least 20% down in Cash that is NOT SOURCED from the following: Prior sale of another house in a bubble zone, actually equity extracted from a house in bubble zone, from Mommy or Daddy.
2.Are first time buyers.
3.Age 35 or younger. In the case of a married couple, both must meet this criteria.
ParticipantYou know, I asked the question about what the source of the downpayments was and was roundly criticized by the realtor triad here because according to them, it is irrelevant.
Of course, you and I both know better. It is entirely relevant because it speaks to the sustainability of any bounce that may occur on the way to the bottom in prices.
Here is the multi-part question I posed and never really got an answer and I suspect I know why:
How many of these sideline buyers:
1.Have at least 20% down in Cash that is NOT SOURCED from the following: Prior sale of another house in a bubble zone, actually equity extracted from a house in bubble zone, from Mommy or Daddy.
2.Are first time buyers.
3.Age 35 or younger. In the case of a married couple, both must meet this criteria.
ParticipantDon’t sweat it Ex-SD. You see, the problem is that that this site is a direct threat to the lifestyle that many SoCal realtors have cultivated for themselves over the past 5 to 10 years based on inflation of housing prices and loose lending standards. That is coming to a rapid end and they know it and they are scared. What you are seeing is lashing out at those who are telling the truth about what is going on they don’t like it one bit.
Too Freakin Bad…..
ParticipantDon’t sweat it Ex-SD. You see, the problem is that that this site is a direct threat to the lifestyle that many SoCal realtors have cultivated for themselves over the past 5 to 10 years based on inflation of housing prices and loose lending standards. That is coming to a rapid end and they know it and they are scared. What you are seeing is lashing out at those who are telling the truth about what is going on they don’t like it one bit.
Too Freakin Bad…..
ParticipantDon’t sweat it Ex-SD. You see, the problem is that that this site is a direct threat to the lifestyle that many SoCal realtors have cultivated for themselves over the past 5 to 10 years based on inflation of housing prices and loose lending standards. That is coming to a rapid end and they know it and they are scared. What you are seeing is lashing out at those who are telling the truth about what is going on they don’t like it one bit.
Too Freakin Bad…..
ParticipantDon’t sweat it Ex-SD. You see, the problem is that that this site is a direct threat to the lifestyle that many SoCal realtors have cultivated for themselves over the past 5 to 10 years based on inflation of housing prices and loose lending standards. That is coming to a rapid end and they know it and they are scared. What you are seeing is lashing out at those who are telling the truth about what is going on they don’t like it one bit.
Too Freakin Bad…..
ParticipantDon’t sweat it Ex-SD. You see, the problem is that that this site is a direct threat to the lifestyle that many SoCal realtors have cultivated for themselves over the past 5 to 10 years based on inflation of housing prices and loose lending standards. That is coming to a rapid end and they know it and they are scared. What you are seeing is lashing out at those who are telling the truth about what is going on they don’t like it one bit.
Too Freakin Bad…..
Participant“Back then a gallon of milk was about $1.25. It’s basically the same gallon of milk, so why is milk $3.50 a gallon (or more) today. Milk is not more desireable today than it was 10 or 15 years ago. I know that everybody wants to buy some, but still, it’s the same milk.
Inflation happens.”
Yeah, the problem is that is not “Inflation” as it is properly defined. Inflation is an increase in the base money supply through either printing or availability of credit. We have had the latter for past several years.
If you continue to conflate the effects of inflation with the root cause you are going to make some very bad decisions in the next several years.
Participant“Back then a gallon of milk was about $1.25. It’s basically the same gallon of milk, so why is milk $3.50 a gallon (or more) today. Milk is not more desireable today than it was 10 or 15 years ago. I know that everybody wants to buy some, but still, it’s the same milk.
Inflation happens.”
Yeah, the problem is that is not “Inflation” as it is properly defined. Inflation is an increase in the base money supply through either printing or availability of credit. We have had the latter for past several years.
If you continue to conflate the effects of inflation with the root cause you are going to make some very bad decisions in the next several years.
Participant“Back then a gallon of milk was about $1.25. It’s basically the same gallon of milk, so why is milk $3.50 a gallon (or more) today. Milk is not more desireable today than it was 10 or 15 years ago. I know that everybody wants to buy some, but still, it’s the same milk.
Inflation happens.”
Yeah, the problem is that is not “Inflation” as it is properly defined. Inflation is an increase in the base money supply through either printing or availability of credit. We have had the latter for past several years.
If you continue to conflate the effects of inflation with the root cause you are going to make some very bad decisions in the next several years.
Participant“Back then a gallon of milk was about $1.25. It’s basically the same gallon of milk, so why is milk $3.50 a gallon (or more) today. Milk is not more desireable today than it was 10 or 15 years ago. I know that everybody wants to buy some, but still, it’s the same milk.
Inflation happens.”
Yeah, the problem is that is not “Inflation” as it is properly defined. Inflation is an increase in the base money supply through either printing or availability of credit. We have had the latter for past several years.
If you continue to conflate the effects of inflation with the root cause you are going to make some very bad decisions in the next several years.
Participant“Back then a gallon of milk was about $1.25. It’s basically the same gallon of milk, so why is milk $3.50 a gallon (or more) today. Milk is not more desireable today than it was 10 or 15 years ago. I know that everybody wants to buy some, but still, it’s the same milk.
Inflation happens.”
Yeah, the problem is that is not “Inflation” as it is properly defined. Inflation is an increase in the base money supply through either printing or availability of credit. We have had the latter for past several years.
If you continue to conflate the effects of inflation with the root cause you are going to make some very bad decisions in the next several years.
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