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patientrenter
Participant[quote=BillS78]……
[quote=SD Realtor]Fifth, Bill did you stop making payments because of a hardship? Did you lose your job? Did you suffer some medical hardship? Were you defrauded by somebody? Did something happen to you that severely reduced your cash flow? Can you explain exactly why you stopped paying?[/quote]Because I felt like it and it is well within my rights under the purchase agreement. My number one priority as the CEO of myself is to maximize my shareholders’ wealth. Didn’t you get the memo? Corporations are people now, and we’re all individual corporations.
I figured that posting my experience here would bother some but I didn’t realize people like you and Swine Flu would be such little bitches about it. This is getting boring, have fun telling other people how to live their lives.[/quote]
It is good to hear what’s actually happening out there. For those like myself and SDR (and a few others) who don’t really like the idea of having less careful and less responsible people getting rewards for their behavior, paid for by people like us, it is very trying to see their actions and their attitude.
When next we hear that poor unfortunate homeowners need to be bailed out with another trillion dollars of our money, we will be that much less sympathetic. Of course, we will be outvoted, but we will be less sympathetic, maybe even completely unsympathetic.
Participant[quote=BillS78]……
[quote=SD Realtor]Fifth, Bill did you stop making payments because of a hardship? Did you lose your job? Did you suffer some medical hardship? Were you defrauded by somebody? Did something happen to you that severely reduced your cash flow? Can you explain exactly why you stopped paying?[/quote]Because I felt like it and it is well within my rights under the purchase agreement. My number one priority as the CEO of myself is to maximize my shareholders’ wealth. Didn’t you get the memo? Corporations are people now, and we’re all individual corporations.
I figured that posting my experience here would bother some but I didn’t realize people like you and Swine Flu would be such little bitches about it. This is getting boring, have fun telling other people how to live their lives.[/quote]
It is good to hear what’s actually happening out there. For those like myself and SDR (and a few others) who don’t really like the idea of having less careful and less responsible people getting rewards for their behavior, paid for by people like us, it is very trying to see their actions and their attitude.
When next we hear that poor unfortunate homeowners need to be bailed out with another trillion dollars of our money, we will be that much less sympathetic. Of course, we will be outvoted, but we will be less sympathetic, maybe even completely unsympathetic.
Participant[quote=BillS78]……
[quote=SD Realtor]Fifth, Bill did you stop making payments because of a hardship? Did you lose your job? Did you suffer some medical hardship? Were you defrauded by somebody? Did something happen to you that severely reduced your cash flow? Can you explain exactly why you stopped paying?[/quote]Because I felt like it and it is well within my rights under the purchase agreement. My number one priority as the CEO of myself is to maximize my shareholders’ wealth. Didn’t you get the memo? Corporations are people now, and we’re all individual corporations.
I figured that posting my experience here would bother some but I didn’t realize people like you and Swine Flu would be such little bitches about it. This is getting boring, have fun telling other people how to live their lives.[/quote]
It is good to hear what’s actually happening out there. For those like myself and SDR (and a few others) who don’t really like the idea of having less careful and less responsible people getting rewards for their behavior, paid for by people like us, it is very trying to see their actions and their attitude.
When next we hear that poor unfortunate homeowners need to be bailed out with another trillion dollars of our money, we will be that much less sympathetic. Of course, we will be outvoted, but we will be less sympathetic, maybe even completely unsympathetic.
April 1, 2010 at 7:20 PM in reply to: Should the houses be worth twice what they were in 1996? #534292Participant[quote=Scarlett]….I see prices at the nominal level of 2003-2004, which is quite a bit higher than 2001…[/quote]
Home prices in this downward phase of the normal housing cycle are no longer determined by normal private supply and demand. Govt has funneled well over a trillion dollars into housing demand over the course of just the last year, and continues to pump in vast amounts of money.
To understand home prices in the US, forget about normal economics. You just need to see what govt supports are being dialed up or down.
April 1, 2010 at 7:20 PM in reply to: Should the houses be worth twice what they were in 1996? #534423Participant[quote=Scarlett]….I see prices at the nominal level of 2003-2004, which is quite a bit higher than 2001…[/quote]
Home prices in this downward phase of the normal housing cycle are no longer determined by normal private supply and demand. Govt has funneled well over a trillion dollars into housing demand over the course of just the last year, and continues to pump in vast amounts of money.
To understand home prices in the US, forget about normal economics. You just need to see what govt supports are being dialed up or down.
April 1, 2010 at 7:20 PM in reply to: Should the houses be worth twice what they were in 1996? #534880Participant[quote=Scarlett]….I see prices at the nominal level of 2003-2004, which is quite a bit higher than 2001…[/quote]
Home prices in this downward phase of the normal housing cycle are no longer determined by normal private supply and demand. Govt has funneled well over a trillion dollars into housing demand over the course of just the last year, and continues to pump in vast amounts of money.
To understand home prices in the US, forget about normal economics. You just need to see what govt supports are being dialed up or down.
April 1, 2010 at 7:20 PM in reply to: Should the houses be worth twice what they were in 1996? #534978Participant[quote=Scarlett]….I see prices at the nominal level of 2003-2004, which is quite a bit higher than 2001…[/quote]
Home prices in this downward phase of the normal housing cycle are no longer determined by normal private supply and demand. Govt has funneled well over a trillion dollars into housing demand over the course of just the last year, and continues to pump in vast amounts of money.
To understand home prices in the US, forget about normal economics. You just need to see what govt supports are being dialed up or down.
April 1, 2010 at 7:20 PM in reply to: Should the houses be worth twice what they were in 1996? #535242Participant[quote=Scarlett]….I see prices at the nominal level of 2003-2004, which is quite a bit higher than 2001…[/quote]
Home prices in this downward phase of the normal housing cycle are no longer determined by normal private supply and demand. Govt has funneled well over a trillion dollars into housing demand over the course of just the last year, and continues to pump in vast amounts of money.
To understand home prices in the US, forget about normal economics. You just need to see what govt supports are being dialed up or down.
April 1, 2010 at 7:15 PM in reply to: Should the houses be worth twice what they were in 1996? #534287Participant[quote=Nor-LA-SD-guy]I think,
Low end wage earners have about doubled, High end earners (top 20%) have a lot more than doubled. The big fat middle wage have gone up maybe 30/40%,So for the home buyers the top earners can go big, the middle struggle.
Also take into account on average only about 50-60% have ever been
able or willing to buy homes.The numbers look about right. But that’s just my guess work.[/quote]
Average weekly earnings of production and nonsupervisory employees(1) on private nonfarm payrolls have increased 50% since 1996. Source: BLS.
April 1, 2010 at 7:15 PM in reply to: Should the houses be worth twice what they were in 1996? #534418Participant[quote=Nor-LA-SD-guy]I think,
Low end wage earners have about doubled, High end earners (top 20%) have a lot more than doubled. The big fat middle wage have gone up maybe 30/40%,So for the home buyers the top earners can go big, the middle struggle.
Also take into account on average only about 50-60% have ever been
able or willing to buy homes.The numbers look about right. But that’s just my guess work.[/quote]
Average weekly earnings of production and nonsupervisory employees(1) on private nonfarm payrolls have increased 50% since 1996. Source: BLS.
April 1, 2010 at 7:15 PM in reply to: Should the houses be worth twice what they were in 1996? #534875Participant[quote=Nor-LA-SD-guy]I think,
Low end wage earners have about doubled, High end earners (top 20%) have a lot more than doubled. The big fat middle wage have gone up maybe 30/40%,So for the home buyers the top earners can go big, the middle struggle.
Also take into account on average only about 50-60% have ever been
able or willing to buy homes.The numbers look about right. But that’s just my guess work.[/quote]
Average weekly earnings of production and nonsupervisory employees(1) on private nonfarm payrolls have increased 50% since 1996. Source: BLS.
April 1, 2010 at 7:15 PM in reply to: Should the houses be worth twice what they were in 1996? #534973Participant[quote=Nor-LA-SD-guy]I think,
Low end wage earners have about doubled, High end earners (top 20%) have a lot more than doubled. The big fat middle wage have gone up maybe 30/40%,So for the home buyers the top earners can go big, the middle struggle.
Also take into account on average only about 50-60% have ever been
able or willing to buy homes.The numbers look about right. But that’s just my guess work.[/quote]
Average weekly earnings of production and nonsupervisory employees(1) on private nonfarm payrolls have increased 50% since 1996. Source: BLS.
April 1, 2010 at 7:15 PM in reply to: Should the houses be worth twice what they were in 1996? #535237Participant[quote=Nor-LA-SD-guy]I think,
Low end wage earners have about doubled, High end earners (top 20%) have a lot more than doubled. The big fat middle wage have gone up maybe 30/40%,So for the home buyers the top earners can go big, the middle struggle.
Also take into account on average only about 50-60% have ever been
able or willing to buy homes.The numbers look about right. But that’s just my guess work.[/quote]
Average weekly earnings of production and nonsupervisory employees(1) on private nonfarm payrolls have increased 50% since 1996. Source: BLS.
April 1, 2010 at 4:24 PM in reply to: Should the houses be worth twice what they were in 1996? #534933ParticipantGeneral prices in the US, as measured by the CPI , have increased 38% from their (average) 1996 values through February 2010.
If homes in San Diego were to match their 1996 lows adjusted for inflation, they would be 38% more expensive in dollars than they were then. So clearly we have not touched the previous low point adjusted for inflation.
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