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September 13, 2007 at 2:12 PM in reply to: 11863 WILMINGTON RD, SD – Rancho Bernardo, CA 92128 #84462
LostCat
ParticipantI guess having luck helps.
ParticipantSeem right. I keep hearing that sales are down to 2002 numbers. 2002 was a good year, just not compared to 2004.
ParticipantAfter they lose their lawsuit, I know of some land out along I-10 about a hundered miles east of Palm Desert near Parker Az for sell. I am sure it would a great long term investment to put all their money into.
Losers.
ParticipantLostCat
I don’t believe afluency really matters with this housing market. All this housing market has done is stretched those rick guys out even more. It costs a lot of money to own 3-BMW’s and a house in McCarmel Valley.
I’d like to focus on San Diego in this discussion. What areas are least hit (Neck Deep vs 5-feet under)?
What areas are increasing the fastest in rents?
Participant“Geography : Desert is to the east”
lol
ParticipantLes Girls, the body shop, Cheetahs, Little Darlings, dream girls, Déjà vu., $99.00 RT to Vegas, Mexico next door, Surf, Scuba, Sail, Hot girls.
If you don’t like it leave.
Participant“Topper”
Said “Based on the kinds of questions you ask and your arguments, I highly doubt that”
It’s all good Topper. It’s bad to make assumptions, as most of us on this site have learned by watching many investor assumptions crash and burn in the last two and a half years. And if you haven’t noticed Topper, the discussion regarding the subject I put up has been on going now for a couple of days. But I am sure you didn’t benefit from any of the discussion that originated from the topic because you read other blog sites and read Business Week while you were taking a crap over the past 4 years.
Everyone else, thanks for all the input and sharing your info. It’s be interesting and fun giving Topper a hard time. To everyone that saw the crash coming way before Topper logged on to Piggington, cheers!
Viva la casa bomba..
ParticipantBeen on this site for about 2 or 3 years now. I got it, get it and understand it and saw it coming too. Just like everyone on this site (or the majority). Crap, we all were talking about this on Sept 11, 2001.
I just hope you didn’t spend countless hours talking about “I knew it would happen” You quote a lot of outside sources, but I still haven’t seen any factual information from you other than what you knew was coming or what someone else said from some other source or site.
We’re all happy for you. Honestly. I am personally glad you made bank buying KFC. I can sleep better now and now I really understand the housing collapse and why it went out of control to begin with.
If you have information, put it up on the site and help other come to their own conclusions. No one cares what you predicted or what you knew all along. All anyone wants to know and see is what data and information you have to share.
It doesn’t matter if you were the original purveyor or not. Don’t you get it. Your past doesn’t matter. You’re like the Royce Gracie of the housing market crash. You were good in your day, but you can’t keep up with the new talent. Get some facts and stop boasting.
Peace
ParticipantJWM
JWM you’re freaking egotist. Get off the fact that you knew it was coming and that you predicted it. Everyone on this site has that figured out. That’s not what this site is for. You’re such a topper. I have a site for you to check out:
http://www.I-predicted-it-b-4-u.com
It’s a great site. It’s where a bunch of guys chat and talk about how they called it out first. You’d fit in well there. Have fun.
JWM AKA “THE TOPPER”
ParticipantNice find SHILOH. So Japan is still struggling!
What about European housing markets. How have the been relative to other global markets? How does China deal with land value, etc.. Are they susceptible to the same problems we have? Up and downs even though they are a communist/imperialist country?
ParticipantJWM,
What is the site for if you’re not going to talk about housing and possible future scenarios? We could sit around and talk about the jock strap that you wear too tight, but I’ll keep it focused on the what ifs of the housing market. Right or wrong. You can look at as much data as you want and make as many assumptions or educated guesses as you want based on the data you decide to review (good or bad). However, like anything in life, it’s unpredictable in many ways and your argument will be just as good as anyone’s until after the fact and history has been written.
Poking holes in my assertions was and is the exact point of this blog subject. It’s to perpetuate good dialog between different views. It’s an opportunity for individuals with different research skills to present their findings and debate this ongoing decline in Home Values. It’s an opportunity to try and formulate and make some sense about how this all started and when it will or how it will all end up. It’s to educate ourselves on the mater of fact of the subject. And unlike you, not everyone that is logged in and on today, was logged in and on last week, last month, last year or the three years leading up to this housing collapse. With new individuals adding to this site, it leave the door open for new discussions on old topics with the possibility of improved expertise, especially given the fact that there are more people without jobs today then a month ago and therefore more have more time to write about subjects like this. There might even be a possibility for authors of the other blogs with a high level of economic expertise to chime in.
San Diego is obviously not an economic island, nor is California nor the USA. But it’s all relative and the perpetuation of this subject matter. What happens locally does have impacts on things regionally, nationally and internationally. If you end discussion because of you think you know it all and have all the answers by reading a couple of periodicals, economic journals, or other blog sites, then sign off and stop reading into blogs on this site.
Thanks,
Lostcat
ParticipantSHILOH,
so what you are saying is the future is going to be nothing like the past? What is going on in Japan right now? How much have home prices increased since their financial rise and collapse? Also, I know in europe, they have 100 year loans. The loan is actually passed on to family. If banks can make a buck off of us, they are going to bend over backwards.
ParticipantI would agree that housing isn’t like stock, but over the past 5 years it has been, so why not treat it like stock? AKA the real reason why there is a piggington blog.
from what I understand, you can adjust your property tax if your value goes down.
I still think in 2010, you’ll be safe to buy. This down turn isn’t going to last forever. There are too many people like us just waiting and watching. Waiting takes a long time. If all of you can just wait for 2 or 4 or 7 years, that’s good business, i guess.
Bottom line is, no one knows exactly. All we know is right now isn’t the time. I just don’t see how this sag can last longer than 2 more years. It already had 2 years in the bank.
how does this figure.. My parents bought a house in 1974 for $27,000. It is now estimated around $640,000. It took 30-years for it to appriciate to this amount. If housing continues this trend or something like it, a $375,000 home purchase in 2005 will be work around 12-million in 30 years. This seems crazy, is it possible?
ParticipantI know this has been rehashed over and over again. I am just trying to get some kind of idea of what kind of market it makes sense to get back into.
everyone is waiting for this magic day when everyone should get back in. All I am saying is, there isn’t a magic day and you can’t wait for the market. If you wait to hear that it is turned up, then it is too late already, don’t you agree?
You have to buy at the bottom or right before it hits the bottom, if you want the most for your money.
Rents are on the rise. Has anyone done any analysis as to when they believe rents will equal or come close to housing costs?
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