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NotCranky
ParticipantO.K. san diego I would say the 90’s were pretty good to you.Actually YOU did a good job there.YOU are Responsible for that. I wouldn’t agree that RE is underrated from that experience. If you had stayed there you were also on easy street or if you had done a lateral trade and looked hard for value at the time you moved you would have been in relatively good shape.
It sounds like you are determined to leave.Look at what you are doing to your neighbors who are good guys like you and paid big down payments and had good guy type loans. Make sure you think about how unfair it is for you to live there for free when your neighbors are overpaying, If you take that choice. Are the kitchen cabinets nice? I might buy them from you.I know you didn’t say you were going to do those things I am just responding to some strange morality running through this thread in places. Even this “walk clause” is wierd to me. If it is there fine,I know you have hte right to walk, but that is just a scandalous as the things you don’t like about this stupid bubble imho.
ParticipantO.K. san diego I would say the 90’s were pretty good to you.Actually YOU did a good job there.YOU are Responsible for that. I wouldn’t agree that RE is underrated from that experience. If you had stayed there you were also on easy street or if you had done a lateral trade and looked hard for value at the time you moved you would have been in relatively good shape.
It sounds like you are determined to leave.Look at what you are doing to your neighbors who are good guys like you and paid big down payments and had good guy type loans. Make sure you think about how unfair it is for you to live there for free when your neighbors are overpaying, If you take that choice. Are the kitchen cabinets nice? I might buy them from you.I know you didn’t say you were going to do those things I am just responding to some strange morality running through this thread in places. Even this “walk clause” is wierd to me. If it is there fine,I know you have hte right to walk, but that is just a scandalous as the things you don’t like about this stupid bubble imho.
ParticipantWhat about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
ParticipantWhat about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
ParticipantWhat about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
ParticipantWhat about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
ParticipantWhat about an auction starting at 780K and accept pre-bids or something like that? Attach a reserve, whatever you call it, at near the level of reasonable comps.
ParticipantThe rest of the discussion in this thread is an opportunity for Piggingtonians to argue over the opportunities and morality of your type of situation. Don’t take it personally.
Not really just that, Patient,instead of teaching him a moral lesson maybe we can teach him not to make stupid, cash draining RE purchases so his life can improve.If he comes here and blames it on everybody else, rub his nose in it a little. That doesn’t seem so out of place. If what he is saying is true, he made one of the absolutely worst purchases in San Diego in 2003. Lots of people did better with that. He shot for a semi-luxury apartment. When he had 150k he could have bought something quite suitable and cheaper and been on easy street. Also he hints that he had a bad time in 90-97. The guy needs to get smarter. He is a menace to society ;).
Marion: Short of a real catastrophe there is no reason RE prices would go back to the low point of trough of the last cycle. Not saying it isn’t coming or that it is, but claiming with such certainty that we will hit 96 prices requires some explanation IMO.
ParticipantThe rest of the discussion in this thread is an opportunity for Piggingtonians to argue over the opportunities and morality of your type of situation. Don’t take it personally.
Not really just that, Patient,instead of teaching him a moral lesson maybe we can teach him not to make stupid, cash draining RE purchases so his life can improve.If he comes here and blames it on everybody else, rub his nose in it a little. That doesn’t seem so out of place. If what he is saying is true, he made one of the absolutely worst purchases in San Diego in 2003. Lots of people did better with that. He shot for a semi-luxury apartment. When he had 150k he could have bought something quite suitable and cheaper and been on easy street. Also he hints that he had a bad time in 90-97. The guy needs to get smarter. He is a menace to society ;).
Marion: Short of a real catastrophe there is no reason RE prices would go back to the low point of trough of the last cycle. Not saying it isn’t coming or that it is, but claiming with such certainty that we will hit 96 prices requires some explanation IMO.
ParticipantThe rest of the discussion in this thread is an opportunity for Piggingtonians to argue over the opportunities and morality of your type of situation. Don’t take it personally.
Not really just that, Patient,instead of teaching him a moral lesson maybe we can teach him not to make stupid, cash draining RE purchases so his life can improve.If he comes here and blames it on everybody else, rub his nose in it a little. That doesn’t seem so out of place. If what he is saying is true, he made one of the absolutely worst purchases in San Diego in 2003. Lots of people did better with that. He shot for a semi-luxury apartment. When he had 150k he could have bought something quite suitable and cheaper and been on easy street. Also he hints that he had a bad time in 90-97. The guy needs to get smarter. He is a menace to society ;).
Marion: Short of a real catastrophe there is no reason RE prices would go back to the low point of trough of the last cycle. Not saying it isn’t coming or that it is, but claiming with such certainty that we will hit 96 prices requires some explanation IMO.
ParticipantThe rest of the discussion in this thread is an opportunity for Piggingtonians to argue over the opportunities and morality of your type of situation. Don’t take it personally.
Not really just that, Patient,instead of teaching him a moral lesson maybe we can teach him not to make stupid, cash draining RE purchases so his life can improve.If he comes here and blames it on everybody else, rub his nose in it a little. That doesn’t seem so out of place. If what he is saying is true, he made one of the absolutely worst purchases in San Diego in 2003. Lots of people did better with that. He shot for a semi-luxury apartment. When he had 150k he could have bought something quite suitable and cheaper and been on easy street. Also he hints that he had a bad time in 90-97. The guy needs to get smarter. He is a menace to society ;).
Marion: Short of a real catastrophe there is no reason RE prices would go back to the low point of trough of the last cycle. Not saying it isn’t coming or that it is, but claiming with such certainty that we will hit 96 prices requires some explanation IMO.
ParticipantThe rest of the discussion in this thread is an opportunity for Piggingtonians to argue over the opportunities and morality of your type of situation. Don’t take it personally.
Not really just that, Patient,instead of teaching him a moral lesson maybe we can teach him not to make stupid, cash draining RE purchases so his life can improve.If he comes here and blames it on everybody else, rub his nose in it a little. That doesn’t seem so out of place. If what he is saying is true, he made one of the absolutely worst purchases in San Diego in 2003. Lots of people did better with that. He shot for a semi-luxury apartment. When he had 150k he could have bought something quite suitable and cheaper and been on easy street. Also he hints that he had a bad time in 90-97. The guy needs to get smarter. He is a menace to society ;).
Marion: Short of a real catastrophe there is no reason RE prices would go back to the low point of trough of the last cycle. Not saying it isn’t coming or that it is, but claiming with such certainty that we will hit 96 prices requires some explanation IMO.
Participant“After living through 1990-1997 and now, I think that home ownership is overrated.”
What do you mean by this? Is this your second time around with a foreclosure?
I bought in 92,95 and 2003 and all those were real winners. I think home ownership is overrated too but certainly not because of that set of years. There were some bad properties to buy in those years but certainly not all of them.Participant“After living through 1990-1997 and now, I think that home ownership is overrated.”
What do you mean by this? Is this your second time around with a foreclosure?
I bought in 92,95 and 2003 and all those were real winners. I think home ownership is overrated too but certainly not because of that set of years. There were some bad properties to buy in those years but certainly not all of them. -
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