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NotCranky
ParticipantDon’t be so honest and sdr.
ParticipantI am not sure if this is cruel or not but I want to put bumper stickers on my two modest cars that say. “Don’t laugh the house is paid for”. My better half won’t let me. I bet all the “pigs” would love it though.
Hint for the younger group: There used to be a bumper sticker that you would see on an old beater that said don’t laugh it’ paid for.
ParticipantI am not sure if this is cruel or not but I want to put bumper stickers on my two modest cars that say. “Don’t laugh the house is paid for”. My better half won’t let me. I bet all the “pigs” would love it though.
Hint for the younger group: There used to be a bumper sticker that you would see on an old beater that said don’t laugh it’ paid for.
ParticipantI am not sure if this is cruel or not but I want to put bumper stickers on my two modest cars that say. “Don’t laugh the house is paid for”. My better half won’t let me. I bet all the “pigs” would love it though.
Hint for the younger group: There used to be a bumper sticker that you would see on an old beater that said don’t laugh it’ paid for.
Participant“Lured by low interest rates and easy access to credit from predatory subprime lenders,”
“Note how her verbage continuously absolves the borrowers from any culpability and villifies the lenders.”
Got my “liar loan” from Wamu and the Heloc from those guys with the stage coach. Of course the mortgage broker wanted me to take that cash out from the liar loan and use it to get a bigger loan for a house she had picked out for me in Point Loma.When Rustico can have detached house in Point Loma you know something is not right.
Participant“Lured by low interest rates and easy access to credit from predatory subprime lenders,”
“Note how her verbage continuously absolves the borrowers from any culpability and villifies the lenders.”
Got my “liar loan” from Wamu and the Heloc from those guys with the stage coach. Of course the mortgage broker wanted me to take that cash out from the liar loan and use it to get a bigger loan for a house she had picked out for me in Point Loma.When Rustico can have detached house in Point Loma you know something is not right.
Participant“Lured by low interest rates and easy access to credit from predatory subprime lenders,”
“Note how her verbage continuously absolves the borrowers from any culpability and villifies the lenders.”
Got my “liar loan” from Wamu and the Heloc from those guys with the stage coach. Of course the mortgage broker wanted me to take that cash out from the liar loan and use it to get a bigger loan for a house she had picked out for me in Point Loma.When Rustico can have detached house in Point Loma you know something is not right.
Participant“compared to what years would 50% off the high be? Would that be around 2002 prices? 2000?”
2001-2002 would probably cover most of the houses in the area. In theory 50% off the highs with massive inflation to correct the problems could be much later prices.I know you understand that. I am just trying to make sure I don’t go on the record for saying we are going to see 2001-2002 prices. I wish I knew the answer.
Participant“compared to what years would 50% off the high be? Would that be around 2002 prices? 2000?”
2001-2002 would probably cover most of the houses in the area. In theory 50% off the highs with massive inflation to correct the problems could be much later prices.I know you understand that. I am just trying to make sure I don’t go on the record for saying we are going to see 2001-2002 prices. I wish I knew the answer.
Participant“compared to what years would 50% off the high be? Would that be around 2002 prices? 2000?”
2001-2002 would probably cover most of the houses in the area. In theory 50% off the highs with massive inflation to correct the problems could be much later prices.I know you understand that. I am just trying to make sure I don’t go on the record for saying we are going to see 2001-2002 prices. I wish I knew the answer.
Participant“Tired of the posts. Where are the juicy stuff posters. Maybe on vacation”
What do you want? Why don’t you get it started so we know what you looking for Farbet? Start an off topic thread and let’s get it on!
Participant“Tired of the posts. Where are the juicy stuff posters. Maybe on vacation”
What do you want? Why don’t you get it started so we know what you looking for Farbet? Start an off topic thread and let’s get it on!
Participant“Tired of the posts. Where are the juicy stuff posters. Maybe on vacation”
What do you want? Why don’t you get it started so we know what you looking for Farbet? Start an off topic thread and let’s get it on!
ParticipantSHILOH
I wish I really knew.Seems like you understand things enough that your guess is as good as anyone’s. I am sure most houses in this region are going to be worth around 40-50% less than they were 2 years ago one way or another. Predicting how that is going to happen seems more complicated now that it seem almost certain that more rescue strategies will be employed.
Maybe FormerSanDiegan is and has been closest with his mix of inflation and asset depreciation. We will probably get whatever protects the big banks, big lenders and overall economy best from where we are now.If they can get any leverage against big drops they will. The big players are probably happy at this point about the weeding out of smaller lenders and would even like to see a few big competitors go.
Generally speaking I think renters and home owners alike are going to feel like they live in much less prosperous times for the next 10-15 years at least.Disclaimer: I am certainly not a far reaching expert on any of these matters.
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