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LookoutBelow
ParticipantI agree with PowaySeller here, she is not making blanket statements, she backs it all up with hard data. Bmarum is living in “Happy Talk” land, with his overuse and over defense of the “perfect” english language, this is a discussion not a class on semantics or grammar, drop the “perfect grammer” crap and make your point, your blowing smoke when you inundate issues with “Red Herrings” like your preponderance of information of the word “Constant” being used by PowaySeller to make a point. I recognize it as a tactical debating technique taught in college debate courses, nice try, your cover is blown.You look foolish, smoke another bowl bro !
FACT:
There is something fundamentally wrong with a person who makes 60K (or thereabouts) annually and is living in a 1.1 mil. house. If he has a rich uncle who died, I can then understand it, but no, its NOT the norm.
Its a prime example of the type of people that will collapse during the coming years with this type of purchase mentality, and brotha, there are a MILLION of em !
I do believe, and I have proven it to myself many times, that life IS BLACK AND WHITE…98% of the time. Most people’s choices are really that simple. If you live in the “gray area”, then your one of those people who usually, unnecessarily, complicate their lives and need lawyers constantly. I have stepped over and around many, many people like that while I achieved my goals and objectives in my life, and they did NOT as they were overrun with minutiae and complexity.
Realtors love the Suicide loans…after all, what does it take to become a realtor anyway ?
Morals snd background checks is not generally one of them. I know they have a “code of ethics”, but get real, so do politicians. Im not saying all realtors are shysters, but most I’ve met are.
Anything that helps make sales happen for them, will automatically get a “green light” from their industry. Although the NAR would like us to believe they are finely skilled craftsmen and their skills equal the skills of a neurosurgeon, but we all recognize the hype and see the smoke that is being blown there too. I saw the ridiculous TV commercials a few years ago too, I had to laugh.Truth is, they could care less if you default on your “exotic loan” in 2 years, as long as they get their commission and can make their silver Mercedes Benz C230 lease payments, its a GO !
They placate their conscious and salve their ego’s by telling themsleves:
1. “Everyone in my office is pushing this type of easy loan, why should I tell them these things are dangerous and kill my sale ?”
2. “Hey I helped the customer realize a dream”……(Yeah right !!)Truth is:
Exotic loans are DANGEROUS !! Unless your a very wealthy sophisticated investor, these things are like live hand grenades to the inexperienced..thats a fact.
Cheap money is like cheap heroin, eventually it will destroy the society that uses it. See Von Mises Economics for a detailed explanation.
The Banksters are responsible for this mess, starting at the very top with the (not so Fed) Fed and then right on down to its biggest customer, the US Government pimps in CONgress, straight on down to Wall Street and those greedy dogs who bundle up MBS (Mortgage Based Securities) and sell em to the (then) unsuspecting Chinese as a stock. What a scam.This WILL be ugly and its not just here in the USA. Its worldwide.
ParticipantI see BK on the near horizon for San Diego also. How can it not happen ?
ParticipantKind of hard not to see the facts for what they are here. He (Savage) clearly points them out, to believe otherwise is just “whistling in the graveyard”
ParticipantPrecisely OCRenter….If the liquidity in the markets is drying up by either of 2 methods, increased interest rates or by, raising the bar for borrowers requirements, IE: larger down payments, higher credit scores etc, the market will soon be saturated at its current prices. Pirces must come down to offset these fundamental changes. Its an economic law.
SANDAG will NOT tell the truth anymore than a politician will vote himself a paycut. There is no money in telling the people that, so its avoided, spun and even lied about.
Either way, the market will always eventually balance itself out. Kind of like the “SoCalled Labor Shortage” we keep hearing about by the politicians who are all for allowing illegal immigration, Yeah Sure, there IS a labor shortage for jobs that pay 4 bucks per hour with no benefits…but take that same job and pay the worker a higher, more decent wage, and watch and see how fast those teenagers and others will push those lawnmowers and run those weed eaters !!
Its coming….Sony with their video games must be worried about future sales. Hahaaaa !
ParticipantOh myyy…..you seem to take some kind of morose pleasure in snooping around other peoples information. If you wouldnt ask somebody outright and to their face the questions you have regarding their TAX situation, then you should NOT be spying on them on line.
They used to do something similar to this is the former Soviet Russia and in Iran. You being admittingly of Iranian descent,(in one of your previous posts) you of all people should be ashamed of these domestic spying techniques your using here.
سازمان اطلاعات و امنیت کشور
This is NOT indicative of real estate health in San Diego, this closely resembles perverted activity.
Rich, please moderate this topic and DO NOT allow this type of thing to be the downfall of an otherwise good site.
Poway Seller…Shame on you for making this thread.
ParticipantI have to say that your friend is possibly blowing smoke here….My father, a retired contractor/developer in Scottsdale paints an entirely different picture. Entirely !
Do you really believe that hype PowaySeller ? Its just as easy to look up the phx, real estate situation as it is the san diego market which you seem to be completely in touch with, why dont you do a little investigation on your own to ferret out the truth of this nonsense before you post it.
ParticipantPS, why dont you get a job as a ethnic job placement counselor, or try out as a chinese soccer team coach, or god forbid (or Allah) an Iranian Real Estate advisor !
By the contexts of your posts lately, you definitely have too much time on your hands, stay on the real estate track or sign off. Its getting annoying, and dont hide behind the cloak of education here by saying constantly “we Have lots to LEARN here”….of course we do, your stating the very blatant obvious.
Extra points are NOT given for your defense of your friends here like Bob…WHO CARES !I did laugh my ass off over Bob “Big House” !!! I dont care whose friend he is or was.
SDR You Da Man !!!
ParticipantNo Marriage Counseling here, just an observation: If you two are on absolute both ends of the spectrum, maybe you shouldnt worry so much about investments per se, but spend more time and thought on compatability models and be brutally honest with yourselves.
Pounding a square peg into a round hole gets tiresome, boring and tedious.
Save your money, if making a “bad” investment is what could potentially save your relationship, one must wonder the merits of the relationship.
ParticipantThese people interviewed act like somebody was holding a gun to their head to force them to buy !!! Profitable investments are a privelege, not a right…..
ParticipantThe “Better schools system in Poway” is suspect of hype and sensationalism. I doubt it has much to do with high housing prices, after all, if you put your kid into private schooling, it would be a LOT cheaper than paying 400K too much for a tract home in Poway.
ParticipantIts all planned I believe by the current administration’s desire to eliminate the middle class.
You ask: Why are you living here still ? Who knows ?
Just exactly how much is all of this good weather worth to someone? Thats the question.Participant“MARKET VALUE” is the price somebody is willing and ABLE to pay you for an item. Dont forget the “able” part.
Participantreccommending using the professional services like lawyers and tax accountants, comes with a caveat. I agree with the accountant part, but lawyers ? No way….
I’ll pass on some sage advice my father gave me when I was quite a bit younger than the old fart I am today, he said:“Son, if you live your life in such a way that it does NOT require the use of either the hospitals and or the court rooms, you will have done a great service to your family and to yourself.”
I have and continue to live that way, I have NEVER needed a lawyer in my life except for wills and some estate issues that needed filing. I have only been in the hospital once.
If a deal requires a lawyer, its already bad. GET OUT!
I have closed many deals, some pretty big for an individual, and never so much as once consulted a lawyer. I dont have anything against them ……except they’re crooks and cannot be trusted at all. God have mercy on he who is compelled to trust one.
Buy a desk copy of the “Blacks Law Book” and you will know all you need to know.
Stay OUT of deals that require lawyers any more than absolutely necessarry for filing or required legal paperwork.
ParticipantNope…propaganda…. I know somebody who just before they took their property OFF the market, put a sold sign on it for a week… Why ? Who knows….
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