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MadeInTaiwanParticipant
meadandale wrote
“Buying something that somebody is ‘stealing’ from the house that is being repossessed from them is akin to buying stereo equipment that some guy is selling out of the trunk of his car in the Walmart parking lot.”I am not sure I would call it stealing. For me it is a bit grayer than that. Suppose the owner upgraded the cabinet out of his/her pocket with cash, does the owner have a right to sell that cabinet and try to recoup some of the loss? What about comparing this to selling stuff one purchased on credit card that is not repaid?
A few years back the Mrs. and I visited a craigslist furniture sale. The sellers were moving out of state had a lot of nice things for sale. Their kid had boxes and boxes of legos pieces that he was selling for pennies on the dollar. He remarked that he loves this because they do this every few years and he would net a huge chunk from the toys he sells. We could not figure out how they could do that unless they never expected to repay their credit card bills. It gave us an uneasy feeling but we ended up buying the furniture.
I certainly understand if meadandale’s disapproves, but I just don’t think it is black and white.
MadeInTaiwanParticipantmeadandale wrote
“Buying something that somebody is ‘stealing’ from the house that is being repossessed from them is akin to buying stereo equipment that some guy is selling out of the trunk of his car in the Walmart parking lot.”I am not sure I would call it stealing. For me it is a bit grayer than that. Suppose the owner upgraded the cabinet out of his/her pocket with cash, does the owner have a right to sell that cabinet and try to recoup some of the loss? What about comparing this to selling stuff one purchased on credit card that is not repaid?
A few years back the Mrs. and I visited a craigslist furniture sale. The sellers were moving out of state had a lot of nice things for sale. Their kid had boxes and boxes of legos pieces that he was selling for pennies on the dollar. He remarked that he loves this because they do this every few years and he would net a huge chunk from the toys he sells. We could not figure out how they could do that unless they never expected to repay their credit card bills. It gave us an uneasy feeling but we ended up buying the furniture.
I certainly understand if meadandale’s disapproves, but I just don’t think it is black and white.
MadeInTaiwanParticipantmeadandale wrote
“Buying something that somebody is ‘stealing’ from the house that is being repossessed from them is akin to buying stereo equipment that some guy is selling out of the trunk of his car in the Walmart parking lot.”I am not sure I would call it stealing. For me it is a bit grayer than that. Suppose the owner upgraded the cabinet out of his/her pocket with cash, does the owner have a right to sell that cabinet and try to recoup some of the loss? What about comparing this to selling stuff one purchased on credit card that is not repaid?
A few years back the Mrs. and I visited a craigslist furniture sale. The sellers were moving out of state had a lot of nice things for sale. Their kid had boxes and boxes of legos pieces that he was selling for pennies on the dollar. He remarked that he loves this because they do this every few years and he would net a huge chunk from the toys he sells. We could not figure out how they could do that unless they never expected to repay their credit card bills. It gave us an uneasy feeling but we ended up buying the furniture.
I certainly understand if meadandale’s disapproves, but I just don’t think it is black and white.
MadeInTaiwanParticipantmeadandale wrote
“Buying something that somebody is ‘stealing’ from the house that is being repossessed from them is akin to buying stereo equipment that some guy is selling out of the trunk of his car in the Walmart parking lot.”I am not sure I would call it stealing. For me it is a bit grayer than that. Suppose the owner upgraded the cabinet out of his/her pocket with cash, does the owner have a right to sell that cabinet and try to recoup some of the loss? What about comparing this to selling stuff one purchased on credit card that is not repaid?
A few years back the Mrs. and I visited a craigslist furniture sale. The sellers were moving out of state had a lot of nice things for sale. Their kid had boxes and boxes of legos pieces that he was selling for pennies on the dollar. He remarked that he loves this because they do this every few years and he would net a huge chunk from the toys he sells. We could not figure out how they could do that unless they never expected to repay their credit card bills. It gave us an uneasy feeling but we ended up buying the furniture.
I certainly understand if meadandale’s disapproves, but I just don’t think it is black and white.
MadeInTaiwanParticipantI remember in early 2001 I was listening to a NPR show about people who lost a lot of money in the dot com/stock market crash. A couple interviewed mentioned that they completely pulled out of the stock market and were only investing in residential real estate. Not knowing anything about the status real estate at the time(we purchased in Encinitas end of 1995), I thought that they were going to loose more money chasing the next trend. Of course I had no idea how big the bubble would get and no idea when the bubble would burst.
MadeInTaiwanParticipantI remember in early 2001 I was listening to a NPR show about people who lost a lot of money in the dot com/stock market crash. A couple interviewed mentioned that they completely pulled out of the stock market and were only investing in residential real estate. Not knowing anything about the status real estate at the time(we purchased in Encinitas end of 1995), I thought that they were going to loose more money chasing the next trend. Of course I had no idea how big the bubble would get and no idea when the bubble would burst.
MadeInTaiwanParticipantI remember in early 2001 I was listening to a NPR show about people who lost a lot of money in the dot com/stock market crash. A couple interviewed mentioned that they completely pulled out of the stock market and were only investing in residential real estate. Not knowing anything about the status real estate at the time(we purchased in Encinitas end of 1995), I thought that they were going to loose more money chasing the next trend. Of course I had no idea how big the bubble would get and no idea when the bubble would burst.
MadeInTaiwanParticipantI remember in early 2001 I was listening to a NPR show about people who lost a lot of money in the dot com/stock market crash. A couple interviewed mentioned that they completely pulled out of the stock market and were only investing in residential real estate. Not knowing anything about the status real estate at the time(we purchased in Encinitas end of 1995), I thought that they were going to loose more money chasing the next trend. Of course I had no idea how big the bubble would get and no idea when the bubble would burst.
MadeInTaiwanParticipantI remember in early 2001 I was listening to a NPR show about people who lost a lot of money in the dot com/stock market crash. A couple interviewed mentioned that they completely pulled out of the stock market and were only investing in residential real estate. Not knowing anything about the status real estate at the time(we purchased in Encinitas end of 1995), I thought that they were going to loose more money chasing the next trend. Of course I had no idea how big the bubble would get and no idea when the bubble would burst.
MadeInTaiwanParticipantSorry Bug, I did not notice your disclaimer. This is house I was referring to in my neighborhood
http://www.zillow.com/HomeDetails.htm?zprop=69016779
I think the asking price was 2.1M a month ago, have not checked recently.
MadeInTaiwanParticipantSorry Bug, I did not notice your disclaimer. This is house I was referring to in my neighborhood
http://www.zillow.com/HomeDetails.htm?zprop=69016779
I think the asking price was 2.1M a month ago, have not checked recently.
MadeInTaiwanParticipantSorry Bug, I did not notice your disclaimer. This is house I was referring to in my neighborhood
http://www.zillow.com/HomeDetails.htm?zprop=69016779
I think the asking price was 2.1M a month ago, have not checked recently.
MadeInTaiwanParticipantSorry Bug, I did not notice your disclaimer. This is house I was referring to in my neighborhood
http://www.zillow.com/HomeDetails.htm?zprop=69016779
I think the asking price was 2.1M a month ago, have not checked recently.
MadeInTaiwanParticipantSorry Bug, I did not notice your disclaimer. This is house I was referring to in my neighborhood
http://www.zillow.com/HomeDetails.htm?zprop=69016779
I think the asking price was 2.1M a month ago, have not checked recently.
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