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NotCranky
Participantsdr I remember all that.That Josh gets pretty testy sometimes! Anyway, green light is on for making fun of me I don’t care and I deserve it. Put Jamul into it often so I can pitch it and steal some of your coastal clients. I am thinking of starting a Jamul thread and update with all kinds of bragging kind of stuff. I’ll dedicate it to you and Josh. People are going to be really sorry they didn’t buy in Jamul, in this bust, mark my words.
Whichever of us “gets it” first must help the other one “get it” by the way.
Best wishes.
Participantsdr I remember all that.That Josh gets pretty testy sometimes! Anyway, green light is on for making fun of me I don’t care and I deserve it. Put Jamul into it often so I can pitch it and steal some of your coastal clients. I am thinking of starting a Jamul thread and update with all kinds of bragging kind of stuff. I’ll dedicate it to you and Josh. People are going to be really sorry they didn’t buy in Jamul, in this bust, mark my words.
Whichever of us “gets it” first must help the other one “get it” by the way.
Best wishes.
Participantsdr I remember all that.That Josh gets pretty testy sometimes! Anyway, green light is on for making fun of me I don’t care and I deserve it. Put Jamul into it often so I can pitch it and steal some of your coastal clients. I am thinking of starting a Jamul thread and update with all kinds of bragging kind of stuff. I’ll dedicate it to you and Josh. People are going to be really sorry they didn’t buy in Jamul, in this bust, mark my words.
Whichever of us “gets it” first must help the other one “get it” by the way.
Best wishes.
ParticipantI agree with SDR an CArenter. But for the life of me I can’t understand why the question matters from a prospective buyers standpoint. How much more will the property that I want to buy or in my case sometimes build, go down from here?Or up? How is that property positioned for the long haul from there. Do people want to know when the bottom is printed in the bold headlines in the newspaper or have Rich post it up on a thread so they won’t be afraid to buy? Maybe the problem comes from most piggs wanting to buy in fancy areas which haven’t outright crashed? I think we might be looking at people who made money flipping houses after the bottom and well into 2003,2004 but that was all a fluke. It isn’t likely going to be that easy next time. You have to force it to work to make money or great deals.The best deals especially for lower priced houses are going to be between now and the bottom and around the bottom there will be great deals on expensive homes before the bottom too. Between now and the bottom is where the most fear, distress and capitualtion is.That is why you get a good deal. I am not saying buy yet,not everywhere especially. I am just saying this is a way to look at it. I think some people here are on automatic pilot waiting for air control to say “it’s the bottom now you can take over the controls”.
ParticipantI agree with SDR an CArenter. But for the life of me I can’t understand why the question matters from a prospective buyers standpoint. How much more will the property that I want to buy or in my case sometimes build, go down from here?Or up? How is that property positioned for the long haul from there. Do people want to know when the bottom is printed in the bold headlines in the newspaper or have Rich post it up on a thread so they won’t be afraid to buy? Maybe the problem comes from most piggs wanting to buy in fancy areas which haven’t outright crashed? I think we might be looking at people who made money flipping houses after the bottom and well into 2003,2004 but that was all a fluke. It isn’t likely going to be that easy next time. You have to force it to work to make money or great deals.The best deals especially for lower priced houses are going to be between now and the bottom and around the bottom there will be great deals on expensive homes before the bottom too. Between now and the bottom is where the most fear, distress and capitualtion is.That is why you get a good deal. I am not saying buy yet,not everywhere especially. I am just saying this is a way to look at it. I think some people here are on automatic pilot waiting for air control to say “it’s the bottom now you can take over the controls”.
ParticipantI agree with SDR an CArenter. But for the life of me I can’t understand why the question matters from a prospective buyers standpoint. How much more will the property that I want to buy or in my case sometimes build, go down from here?Or up? How is that property positioned for the long haul from there. Do people want to know when the bottom is printed in the bold headlines in the newspaper or have Rich post it up on a thread so they won’t be afraid to buy? Maybe the problem comes from most piggs wanting to buy in fancy areas which haven’t outright crashed? I think we might be looking at people who made money flipping houses after the bottom and well into 2003,2004 but that was all a fluke. It isn’t likely going to be that easy next time. You have to force it to work to make money or great deals.The best deals especially for lower priced houses are going to be between now and the bottom and around the bottom there will be great deals on expensive homes before the bottom too. Between now and the bottom is where the most fear, distress and capitualtion is.That is why you get a good deal. I am not saying buy yet,not everywhere especially. I am just saying this is a way to look at it. I think some people here are on automatic pilot waiting for air control to say “it’s the bottom now you can take over the controls”.
ParticipantI agree with SDR an CArenter. But for the life of me I can’t understand why the question matters from a prospective buyers standpoint. How much more will the property that I want to buy or in my case sometimes build, go down from here?Or up? How is that property positioned for the long haul from there. Do people want to know when the bottom is printed in the bold headlines in the newspaper or have Rich post it up on a thread so they won’t be afraid to buy? Maybe the problem comes from most piggs wanting to buy in fancy areas which haven’t outright crashed? I think we might be looking at people who made money flipping houses after the bottom and well into 2003,2004 but that was all a fluke. It isn’t likely going to be that easy next time. You have to force it to work to make money or great deals.The best deals especially for lower priced houses are going to be between now and the bottom and around the bottom there will be great deals on expensive homes before the bottom too. Between now and the bottom is where the most fear, distress and capitualtion is.That is why you get a good deal. I am not saying buy yet,not everywhere especially. I am just saying this is a way to look at it. I think some people here are on automatic pilot waiting for air control to say “it’s the bottom now you can take over the controls”.
ParticipantI agree with SDR an CArenter. But for the life of me I can’t understand why the question matters from a prospective buyers standpoint. How much more will the property that I want to buy or in my case sometimes build, go down from here?Or up? How is that property positioned for the long haul from there. Do people want to know when the bottom is printed in the bold headlines in the newspaper or have Rich post it up on a thread so they won’t be afraid to buy? Maybe the problem comes from most piggs wanting to buy in fancy areas which haven’t outright crashed? I think we might be looking at people who made money flipping houses after the bottom and well into 2003,2004 but that was all a fluke. It isn’t likely going to be that easy next time. You have to force it to work to make money or great deals.The best deals especially for lower priced houses are going to be between now and the bottom and around the bottom there will be great deals on expensive homes before the bottom too. Between now and the bottom is where the most fear, distress and capitualtion is.That is why you get a good deal. I am not saying buy yet,not everywhere especially. I am just saying this is a way to look at it. I think some people here are on automatic pilot waiting for air control to say “it’s the bottom now you can take over the controls”.
ParticipantI shouldn’t have done that!
ParticipantI shouldn’t have done that!
ParticipantI shouldn’t have done that!
ParticipantI shouldn’t have done that!
ParticipantI shouldn’t have done that!
ParticipantSdr you have got obvious Jamul envy! Sale to pending 75/10 LOL.
“How many of these sideline buyers:
1.Have at least 20% down in Cash that is NOT SOURCED from the following: Prior sale of another house in a bubble zone, actually equity extracted from a house in bubble zone, from Mommy or Daddy.”
Of course capital comes from combinations of sources. What difference does it make? Do sellers say “hey you got bubble lucky, or you got your money from inheritance, go away? I only want good savers. Go buy what you can afford with money you saved!”
Besides that, we keep talking about 20% down and every one doesn’t have to have it even now.
Interest rates come into play for thinking people using 30 year fixed products not just liar loans. Regardless of what they are going to put down, rates can be a motivating factor to buy. That only makes sense.
Many 35 year olds are not ready to go yet. Many of them because they set their sights higher than the market will allow for them. No sense of entitlement there. Nothing wrong with waiting for the market to fall and saving but none of this makes me feel sorry for anyone except maybe the true working poor. Whats wrong with buying a substandard property at a fair price, renting, or leaving California anyway? Where’s my beautiful house? Where’s my beautiful car. Where’s my beautiful wife. How do I get this?
Letting the days go by. -
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