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lindismith
ParticipantThanks for posting LArenter.
Well worth the read.August 5, 2007 at 6:57 PM in reply to: Conversation with another friend in the “innards” of the mortgage industry #70569Participantkeep it coming, Dave. It’s much appreciated.
August 5, 2007 at 6:57 PM in reply to: Conversation with another friend in the “innards” of the mortgage industry #70682Participantkeep it coming, Dave. It’s much appreciated.
August 5, 2007 at 6:57 PM in reply to: Conversation with another friend in the “innards” of the mortgage industry #70689Participantkeep it coming, Dave. It’s much appreciated.
ParticipantJust so i’m clear, you’re trying to get a rent reduction, when you already live there? And you believe this to be possible?
I’m not trying to be cute, just trying to understand why you think you could negotiate this.From their perspective, you should just rent one of the other places if you feel you can get more bang for your buck. Otherwise I think you have to suck it up.
What’s the 10% in a dollar value?
ParticipantJust so i’m clear, you’re trying to get a rent reduction, when you already live there? And you believe this to be possible?
I’m not trying to be cute, just trying to understand why you think you could negotiate this.From their perspective, you should just rent one of the other places if you feel you can get more bang for your buck. Otherwise I think you have to suck it up.
What’s the 10% in a dollar value?
ParticipantAdam,
thanks for posting this. I’m glad he got out.
Can you tell us who purchased it? (Not who per se, but in the generic sense – was it another speculator? Or someone coming out of a divorce?)
ParticipantAdam,
thanks for posting this. I’m glad he got out.
Can you tell us who purchased it? (Not who per se, but in the generic sense – was it another speculator? Or someone coming out of a divorce?)
ParticipantSan Diego Iditarod? cute!
…that’s like saying Mission Valley is redneckville….
Mission Valley is redneckville. Strip malls, chain restaurants, suburban slum housing for the masses all underneath a giant overpass, and nestled alongside a six-lane highway…. oh, and some cheap hotels thrown in for good measure.
I’m on a roll this morning. Sorry.
ParticipantSan Diego Iditarod? cute!
…that’s like saying Mission Valley is redneckville….
Mission Valley is redneckville. Strip malls, chain restaurants, suburban slum housing for the masses all underneath a giant overpass, and nestled alongside a six-lane highway…. oh, and some cheap hotels thrown in for good measure.
I’m on a roll this morning. Sorry.
ParticipantGreat article, dontfollow.
Yes, the builders are leveraged, but only because of greed. It’s almost as if their whole industry only thinks in ‘greed-cycles’.
‘What can we make in this cycle?’
Every cycle has it’s end, and they know this, so it’s key to maximize each aspect before it’s over: hire illegals, put as many homes as you can on a tract, charge as much as possible, finance your buyers yourself, package off their loans to Wall St, and then get out.
Greed, greed, greed.
They have built their brand identity, so when the next cycle comes around, they just create their slick marketing brochures, install the signs and flags, and presto: back in biz! And the cycle goes again.
They deserve everything they’ve got coming.
ParticipantGreat article, dontfollow.
Yes, the builders are leveraged, but only because of greed. It’s almost as if their whole industry only thinks in ‘greed-cycles’.
‘What can we make in this cycle?’
Every cycle has it’s end, and they know this, so it’s key to maximize each aspect before it’s over: hire illegals, put as many homes as you can on a tract, charge as much as possible, finance your buyers yourself, package off their loans to Wall St, and then get out.
Greed, greed, greed.
They have built their brand identity, so when the next cycle comes around, they just create their slick marketing brochures, install the signs and flags, and presto: back in biz! And the cycle goes again.
They deserve everything they’ve got coming.
ParticipantI believe 20-40% is unrealistic also.
I believe Bugs once posted something about, ‘3-4% declines per quarter’ is reasonable. Effectively these losses add up to about a 10-12% decrease per year.
That actually “feels” realistic to me. Anything greater, and I think I would be very anxious (despite wanting prices to drop so I can afford something decent,) about the state of our economy.
ParticipantI believe 20-40% is unrealistic also.
I believe Bugs once posted something about, ‘3-4% declines per quarter’ is reasonable. Effectively these losses add up to about a 10-12% decrease per year.
That actually “feels” realistic to me. Anything greater, and I think I would be very anxious (despite wanting prices to drop so I can afford something decent,) about the state of our economy.
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