[NeetaT]

The Chula Juana stigma will never die.

[NeetaT]

I read the attachment and it lost credibility with me when I read the below excerpt.

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[NeetaT]

asianautica,

I guess I was referring to cash sales. That is how I bought my home and plan on doing so for my next. I am glad you responded to my write-up. You made me realize why home prices are not falling as fast as they should be. I don’t know why I did not think about what you said in the first place.

[NeetaT]

Don’t forget about property tax and insurance.

[NeetaT]

One persons loss is another persons gain.

[NeetaT]

I hope so!!!!!

[NeetaT]

Does anyone really lose money on a house? Think of it this way; a person buys a house for $500K and they sell it for $300K, oh by the way a $500K house in San Diego is really worth only $300,000 if you consider the average household income to be commensurate with the price of a home. It may look as though the person lost $200k, but we all have to live somewhere. So the person takes the $300k and buys his or her next home. The person still owes $500k, but still holds on to a comparable property. The good news is that the avaricious state can now collect only the property tax burden on $300k not $500k. People may laugh at my analogy, but if you circumscribe it to a situation where the homeowner owns one home for the purpose of living in it and maybe even paying it off someday, it makes sense. Remember; when prices fall they all fall in a given location. If one $500k house falls to $300k so do the rest of the $500k houses.

[NeetaT]

Don’t worry about what is being accepted as an offer. Just realize that home prices in San Diego are at least 40% over-valued. I find it very arrogant on the behalf of the seller to list a property with an offer range. That seller needs to realize that it’s time to take a loss and get on with their life. I say low-ball the idiots who drove up home prices in the first place!!!!!

Have any of you ever wondered why it seems to be OK to lose money on stocks, but it’s not OK to lose money on a house. People will do anything in their power not to lose money on a house, but when it comes to stocks, they just mark it up as a nonchalant loss. What’s the difference?

[NeetaT]

Have any of you ever wondered why it seems to be OK to lose money on stocks, but it’s not OK to lose money on a house. People will do anything in their power not to lose money on a house, but when it comes to stocks, they just mark it up as nonchalant loss.

I do see gold going to $2,000.00 a troy ounce !!!!!

[NeetaT]

I have one thing to say. If someone tries to car jack me they will end up in the emergency room with only the ability to blink their eyes. No, I will not give up my $125,000.00 Porsche to someone who does not deserve to be alive. I can not believe what a weak nation we have become. This is all a result of having a feckless legal system. I do not see anything wrong with having security guards possessing MP-5’s posted in numerous positions throughout the city. We all talk about losing freedoms if it were to come down to martial law. What freedoms would you lose? The freedom to commit a crime without being seen? The freedom to steel someones car? The freedom to throw trash in the streets? The freedom to sell drugs? OK, legalize drugs so that the people who do them will get so much that they overdose and purge from our society. Now I’m all for that.

[NeetaT]

Give a U.S. citizen a dollar and he or she will spend two. Thanks to this mentality, the prices of homes have sky rocketed over the last few years. Now the local governments can collect more in property tax while thumbing their noses at us. I have always bought with cash and have never borrowed money, not even when I bought my house. I have since sold my house and am now waiting for the housing market to collapse. It is taking far longer than I expected, but I know I am doing the right thing by renting. I will be patient and I know the right time will come for me to buy when I return to San Diego. I harbor no sympathy for those who were irresponsible enough to drive the prices of homes up by latching on to free money. I hope interest rates go to double digits and home prices plummet like never before. I will then chuckle at the state while watching the avaricious local authorities try to manage spending with less property tax revenue. My earnest hope is that people will start treating home ownership as something they should strive to pay off and live in for the sake of having shelter not as an investment that yields the state more in tax revenue.

[Author]

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