[masayako]

surveyor,

I will have to say this is just another urban legend unless you have data to prove it? Or, is it a joke I don’t get? 🙂

[masayako]

forsale_2007,

It doesn’t matter. QCOM’s earning will make NO DIFFERENCE to housing rebound.

For low-life QCOM engineers (I was one of them): They don’t make enough to buy entry level home at this price range. Stock options make no difference. You talk about $10k-20K stock options max. for them.

For mid-life QCOM engineers/managers: They are smart enough to know NOT TO buy in at this dropping market. Second, they are “move-up”pers. They can’t buy unless they can sell, which we believe, they can’t.

For high-flying QCOM geeks/directors: These are limited characters. There are only a few of them out there, so it won’t affect the massive housing in the broad way.

Always remember, not all QCOM employees are millionaires. They are not stock brokers from Morgan Stanley. Many of them are new college grads with not much savings. They make $60k to start their career. Not even enough for a 2/2 condo near the office. They are just looking at the housing bubble and hoping to buy an affordable home someday. They don’t have the MONEY to pull the trigger at this point unless the price drop way down. By the way, they are good at math too, so they know when the numbers work for them — NOT NOW. 😉

Masayako

[masayako]

Chris,

Based on your research, do you see troubles ahead (recession/stagflation etc)? If so, when do you think is the due date?

[masayako]

Chris,

We know you are special, Chris.

Aside from that…

Personally, I just think there are better things to ‘buy’ with my money than a house. Like I haven’t explained that before. Is it that hard to get the idea across the board here..?

Really it comes down to… whatever floats your boat. If you don’t mind/don’t care the trend of home price going south, go buy a house and live happy. Really. Who am I (or anyone else here) to stop someone from pursuing his/her happiness? If buying a house at any cost is more important than risking of losing equity. Go buy a house. I don’t see a problem with that at all. I’m just not one of them crowds.

Masayako

[masayako]

Checkout who are the sponsors of the articles:

RealtyTrac
MOVE.com
Wells Fargo Mortgage

“NICE TRY. WHAT A LOSER.”

“Conclusion:

We like real estate. If you’ve got enough for a down payment and have a stable job, and you’re in an area you’ll be comfortable living in for years to come, we can’t figure out why you don’t.”

>>> Colleen, if you guys can’t figure out why I don’t buy. Let me explain it to you:

If you go to a car dealership and shop for a car which normally cost $25,000 (For example, a brand new 2007 Toyota Camry). Suddenly, today when you visit the dealership, you find out that the same 2007 Camry now cost $75,000 – $100,000 because a ton of speculators jumped in and drive up the demand!!!! Will you still buy the car regardless how much it costs?

Well, call me stupid, I will save my cash and wait for the price to drop. By the way, this is not “afraid of commitment”, this is called “common sense”.

Masayako

[masayako]

I agree with Borat. If those prices remain at that level, I’ll continue to rent until the ‘price to own’ make fundamental sense to me. If it means never, then so be it.

I would rather save the money in my investment account and work on my net worth. R.E. is definitely a bad investment if you buy during this bubble period. Stupid move.

Masayako

[masayako]

Senators got it all wrong. We should not bail out nobody not because there is “NO NEED”, but because we should not.

IT IS WRONG TO BAIL OUT (REWARD) THE WRONGDOERS AND PUNISH THE FINANCIAL RESPONSIBILE AMERICANS.

This shit makes me mad.

Masayako

[masayako]

Just like the show “Deal or No Deal” – greedy suckers try to open every single cases and playing against the odds.

I always laugh at the greedy losers who eventually get busted and sent home with a $10 dollar bill. Great joy.

Masayako

[masayako]

I don’t think judging by the land size should be the major factor of the formula. Basically, each house and each location is unique, one can only use sound judgement to determine the price one is willing to pay for any RE.

For example, a small piece of land in Del Mar oceanfront compare to a big lot in RSF (no view), which one should have a lower/higher HPM? Who cares? To each person, the actual value is different, it’s based on one’s interest.

Masayako

[masayako]

I will only vote YES to bail out the subprime lenders only if the government follow by departing them out of United States of America for life.

That’s just my humble opinion.

Masayako

[masayako]

Alex_angel,

Asians are hard working, save alot, but blind sighted when it comes to real estate. They just want a house to settle down and start a family regardless of the cost. They also consider that a long term investment (as well as commitment to their sprouse by providing them with a roof over their heads). They generally believe real estate never go down. Even if it does, it’s a short term thing. In a long run, it always go up.

Also, Asians hate the stock market because they heard too much bad stories of the 98 stock crisis in Asia, the great depression of 1929, the tech bubble burst of 2000 etc…

So, in general, Asians considered themselves conservative by investing in ‘real’ items, like buying houses, instead of buying stocks/bonds. Every young Asians are taught to buy a house before getting married. It’s like a requirement of marriage. It’s like: “If you don’t have a house, you probably are not financially secured enough to marry.”

Anyway, they are stubborn and, when it comes to houses, they suddenly become ‘bad’ in math. They fall in love easily with their ‘dream house’ because a nice house is considered a luxury from where they come from (China, Japan, Hong Kong). So, whenever their financial situation allows, they buy the biggest, nicest house they possible can afford, at all cost. That’s stupid, in my opinion.

I am Asian and I am not racist. I am just telling you guys how the majority of the Asians think. Hope that helps.

Masayako

[masayako]

FormerSanDiegan,

“I have a new business idea.
It’s called IPayTwo (TM)

This approach would provide double the gross income that these losers generated. (And they thought 7-minute abs was a bad idea).”

Man, you have a way to put them words together. Impressively well said!!!!!

You know what could be better: IPayNone (to sell my house)

Masayako

[masayako]

People do save in America. They “save” money through captial gain. I am one of them. Before tax (Roth-IRA, 401K) and after tax account.

My point is: One of the largest saver, Bill Gates, worth more than $50 Billions dollars. According to gov’t saving rate, Bill never saved much of anything his whole life. The only thing he may have saved, according to saving rate data, is part of the dividends MSFT paid out of his $600,000 a year salary (according Microsoft’s proxy statement). The bulk of his $50 billion he never saved. He got to be the richest guy in the world by not ever “saving” What he did was to start a firm and plow back profits and cash flow into future growth (which most of us think of as saving!), but from gov’t point of view, there’s no official saving.

I’m poor compare to Bill Gates, of course. From gov’t saving rate data, I never saved much either – because I took a small salary (low 6 figure)and much of that money plowed back into my start-up company, before-tax and after-tax saving account. America actually save A LOT and may have the world’s highest real saving rate, but because it’s almost all aimed at capital again, it never shows up in the gov’t whacky saving rate. The media will never explain this to you because it doesn’t make a ‘good’ bad story. We all know bad story sell better than good story.

My point is:
From an average joe’s point of view, I am probably rich. But from the gov’t statistic point of view, I’m just a loser with negative saving rate.

Got me point? Hope the idea come through.

Masayako

[masayako]

powayseller,

I usually agree with what you say, except this time. I believe the general public are quite well funded. The government statistic concerning negative saving is really statistically misleading. Gov’t don’t count investment as saving, they don’t count stock options as saving.

Well, say I have invested $50k in GE stock, that’s $50k spent; I have zero saving in their book. Say, Microsoft gave me 50000 shares of stock option of MSFT stocks at year 1995. It’s now worth $1 million dollar. You know what, that’s not saving from the government point of view too.

My point is: The credit situation of this country is not that bad. Sub-prime sector is, no doubt, but not the general financial health of the country. I don’t want to be a nay-sayer just for the sake of it.

[masayako]

Here is my statistic:

Friend #1: $60k/yr, $10k saving&asset, $20k car debt
Friend #2: $40k/yr, $5k saving&asset, $5k credit card debt
Friend #3: $25k/yr, $2k saving&asset, no debt
Friend #4: $50k/yr, $50k saving&asset, no debt
Friend #5: $75k/yr, $75k saving&asset, no debt
Friend #6: $85k/yr, $115k saving&asset , no debt
Friend #7: $115k/yr, $240k saving&asset , no debt
Friend #8: $35k/yr, $5k saving&asset , $5k debt
Friend #9: $0k/yr (job loss), $35k saving&asset , $? debt
Friend #10: $120k/yr, $90k saving&asset , no debt

Guess what, most people I know do not have heavy debt. They may not make a lot, but they still can survive in So Cal… so far. As long as the job market is good, we are still doing okay.

[Author]

Posts