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patientlywaiting
ParticipantAsk a Realtor to find out what his carrying costs are. It should be easy enough to find out.
He maybe fine.. Do some investigations before your pass up a good deal.
ParticipantI agree with michael on the brain power part. The stock market is also very fast moving. With RE you can see it evolve. RE is very local.
With some little trading on my part, I mostly trust my financial planner to take care of my portfolio.
ParticipantGet the wife to read Piggington, and economic reaports??!! ha.ahha.ha.
She’ll say, “but that’s your job honey. I need a place to decorate and make my own.”
Get a list of all the friends, acquaintances and co-workers you know. Find out what they bought for and the current comps. Better yet, find out what their loan balances are and how upside down they might be.
Pick a very expensive restaurant and tell the wife “see Linda and Gary are upside down that’s why they won’t have sushi with us this Friday.”
Nothing makes a woman happier than to be “better and smarter” than her friends. Plus seeing someone close to her face foreclosure will strike fear in her.
Buy her a big new diamond engagement ring if necessary. At least diamonds and platinum are appreciating.
ParticipantI’d be willing to pay a carbon tax on my existing kids if it will cause governments to act.
I think that quality of life would much improve if we can control population growth worldwide (not just in one country). This is off topic so I won’t elaborate.
Since this is a real estate blog, I think that trying to tweak the market using arbitrary laws is futile. It’s all about supply and demand. If you cut child birth by 1/2 starting today, I bet you that in 20 years, housing will be very affordable.
haha, very funny link. If the husband deposits his salary in a community property bank account then uses that money bribe his wife into sex, is that really sex for money?
ParticipantSorry, I don’t think that we should be subsidizing marriage. I’m married with kids but that’s my choice. Why should singles pay for my choice and my kids education?
If we make it harder to have children, this world would be better, with less growth, pollution, crime, etc… Want to stop CO2 emission? reduce world wide child birth by 1/2. Maybe there should be a carbon tax on each kid born. The carbon footprint of a new person is very high.
October 1, 2007 at 12:40 PM in reply to: Dow at intraday high 14,000+ on expectation of “loosening of credit crunch.” #86587ParticipantI think the Dow will hold up despite the housing downturn, so long as we don’t have a recession.
The global financial system is working for the mutinational. Foreign earnings now convert to more dollars to nicely pad the income statement and balance sheet.
ParticipantNominations for creative writing award:
” If anyone is wondering where the Pain Train is, it is refueling at La Boheme.”
” Yes, indeedy. There are still some permabulls fighting a valiant rearguard action, but the facts are starting to carry the battle.”
ParticipantI also have a CD at World Savings. I think they were shacky before but were acquired by Wachovia.
September 30, 2007 at 12:05 PM in reply to: Give me La Jolla’s ultimate rock-bottom price/sq ft – and when #86437ParticipantWe can already taste 2003 prices across the board. I predict 2001 prices in all neighborhoods. It’s only a matter of when.
ParticipantSure a lot of innocent people got caught in the line of fire. They were collateral damage in the originators’ quest for fat fees.
You’d be surprised how many people only understand their monthly payments today. That’s why ARMs and Option ARMS are such bad ideas for the average borrower. Loan officers should be held to the same standards of “know your customers” as stockbrokers.
ParticipantI agree, we’ll see the contractors slash their prices after they finish what’s in the pipeline.
I’m waiting the for the right time to redo my backyard with hardspace and drought tolerant landscape. I could use termite tenting in a couple of years also.
Participantnewbie, 2 big differences between Uptown and La Boheme.
Uptown has location and started selling in 1991 after the peak when prices already declined substantially. Buying at Uptown after opening was like buying at La Bohome at auction.
Sorry, you bought at the very peak.
September 29, 2007 at 11:10 AM in reply to: VOTE: state of the bubble collapse, Worse, OR Better than your expectation? #86348ParticipantShari, if the servicer iliminates the prepayment penalty, would the loan originator not be on the hook to the holder of the debt? The originator of the note sold it off with the prepayment penalty to guarantee a certain amount of interest to the investor.
I can image that there’s a lot of backroom posturing among the originiators and the MBS/CDO holders as to which party is responsible for what.
Perhaps the banks are not trying to limit the meltdown but simply trying to limit their own losses.
What kind of modifications have you been able to negotiate. Can you give us some examples of what you’ve been able/not able to do for your customers?
ParticipantHi Shari, good to see another Realtor on this board. Welcome!
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