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patientrenter
Participant[quote=EconProf]..
I recall the early and mid-1990s apartment market in San Diego. When gloom and doom prevailed as apartment vacancies were in the teens, a few brave souls bought buildings for $30k per door, slashed rents, and filled up, much to the distress of mom and pop owners who refused to face market realities. Many of them suffered 30 to 40% vacancy rates rather than cut rents. Most went under, adding to the inventory for the bottom-fishers to scoop up.[/quote]And some people insist on calling this the end-of-the-world RE-driven recession. It’s still way less severe than even the last RE downturn.
Participant[quote=EconProf]..
I recall the early and mid-1990s apartment market in San Diego. When gloom and doom prevailed as apartment vacancies were in the teens, a few brave souls bought buildings for $30k per door, slashed rents, and filled up, much to the distress of mom and pop owners who refused to face market realities. Many of them suffered 30 to 40% vacancy rates rather than cut rents. Most went under, adding to the inventory for the bottom-fishers to scoop up.[/quote]And some people insist on calling this the end-of-the-world RE-driven recession. It’s still way less severe than even the last RE downturn.
Participant[quote=EconProf]..
I recall the early and mid-1990s apartment market in San Diego. When gloom and doom prevailed as apartment vacancies were in the teens, a few brave souls bought buildings for $30k per door, slashed rents, and filled up, much to the distress of mom and pop owners who refused to face market realities. Many of them suffered 30 to 40% vacancy rates rather than cut rents. Most went under, adding to the inventory for the bottom-fishers to scoop up.[/quote]And some people insist on calling this the end-of-the-world RE-driven recession. It’s still way less severe than even the last RE downturn.
Participant[quote=creechrr]I feel more like a sucker every day. All this time I thought I was being smart by not getting in over my head. Jokes on me.[/quote]
I agree with you, creechrr. You have been taken for a sucker, bigtime. If your friend goes through with all the mods, including the mod on his first as suggested by sdr, his condo will not be coming on the market for a long time. Multiply that by a million and you have a significant suppression in supply to the housing market.
So your tax dollars are paying banks to forgive loans to take homes off the market, to keep home prices high. Your taxes are being used to make home prices higher for you, if you are a prospective purchaser, and to protect those who went ahead and bought homes, or who loaned money to others to buy homes, without paying attention to the bubble prices.
It’s an ugly setup only bankers, those who make a living from RRE, and existing homeowners could love.
Participant[quote=creechrr]I feel more like a sucker every day. All this time I thought I was being smart by not getting in over my head. Jokes on me.[/quote]
I agree with you, creechrr. You have been taken for a sucker, bigtime. If your friend goes through with all the mods, including the mod on his first as suggested by sdr, his condo will not be coming on the market for a long time. Multiply that by a million and you have a significant suppression in supply to the housing market.
So your tax dollars are paying banks to forgive loans to take homes off the market, to keep home prices high. Your taxes are being used to make home prices higher for you, if you are a prospective purchaser, and to protect those who went ahead and bought homes, or who loaned money to others to buy homes, without paying attention to the bubble prices.
It’s an ugly setup only bankers, those who make a living from RRE, and existing homeowners could love.
Participant[quote=creechrr]I feel more like a sucker every day. All this time I thought I was being smart by not getting in over my head. Jokes on me.[/quote]
I agree with you, creechrr. You have been taken for a sucker, bigtime. If your friend goes through with all the mods, including the mod on his first as suggested by sdr, his condo will not be coming on the market for a long time. Multiply that by a million and you have a significant suppression in supply to the housing market.
So your tax dollars are paying banks to forgive loans to take homes off the market, to keep home prices high. Your taxes are being used to make home prices higher for you, if you are a prospective purchaser, and to protect those who went ahead and bought homes, or who loaned money to others to buy homes, without paying attention to the bubble prices.
It’s an ugly setup only bankers, those who make a living from RRE, and existing homeowners could love.
Participant[quote=creechrr]I feel more like a sucker every day. All this time I thought I was being smart by not getting in over my head. Jokes on me.[/quote]
I agree with you, creechrr. You have been taken for a sucker, bigtime. If your friend goes through with all the mods, including the mod on his first as suggested by sdr, his condo will not be coming on the market for a long time. Multiply that by a million and you have a significant suppression in supply to the housing market.
So your tax dollars are paying banks to forgive loans to take homes off the market, to keep home prices high. Your taxes are being used to make home prices higher for you, if you are a prospective purchaser, and to protect those who went ahead and bought homes, or who loaned money to others to buy homes, without paying attention to the bubble prices.
It’s an ugly setup only bankers, those who make a living from RRE, and existing homeowners could love.
Participant[quote=creechrr]I feel more like a sucker every day. All this time I thought I was being smart by not getting in over my head. Jokes on me.[/quote]
I agree with you, creechrr. You have been taken for a sucker, bigtime. If your friend goes through with all the mods, including the mod on his first as suggested by sdr, his condo will not be coming on the market for a long time. Multiply that by a million and you have a significant suppression in supply to the housing market.
So your tax dollars are paying banks to forgive loans to take homes off the market, to keep home prices high. Your taxes are being used to make home prices higher for you, if you are a prospective purchaser, and to protect those who went ahead and bought homes, or who loaned money to others to buy homes, without paying attention to the bubble prices.
It’s an ugly setup only bankers, those who make a living from RRE, and existing homeowners could love.
Participant[quote=threadkiller]…I figure deporting 22,000 illegal students would save approximately 170 Million dollars yearly…/quote]
Sounds about right. But then we’d be obliged to create a sustainable 100% first world economy. Your hamburger might cost more, and you might be doing your own landscaping and housekeeping.
Participant[quote=threadkiller]…I figure deporting 22,000 illegal students would save approximately 170 Million dollars yearly…/quote]
Sounds about right. But then we’d be obliged to create a sustainable 100% first world economy. Your hamburger might cost more, and you might be doing your own landscaping and housekeeping.
Participant[quote=threadkiller]…I figure deporting 22,000 illegal students would save approximately 170 Million dollars yearly…/quote]
Sounds about right. But then we’d be obliged to create a sustainable 100% first world economy. Your hamburger might cost more, and you might be doing your own landscaping and housekeeping.
Participant[quote=threadkiller]…I figure deporting 22,000 illegal students would save approximately 170 Million dollars yearly…/quote]
Sounds about right. But then we’d be obliged to create a sustainable 100% first world economy. Your hamburger might cost more, and you might be doing your own landscaping and housekeeping.
Participant[quote=threadkiller]…I figure deporting 22,000 illegal students would save approximately 170 Million dollars yearly…/quote]
Sounds about right. But then we’d be obliged to create a sustainable 100% first world economy. Your hamburger might cost more, and you might be doing your own landscaping and housekeeping.
Participant[quote=CA renter]…What we need to determine is who or what is behind all these offers….[/quote]
Something tells me that the money is all borrowed. Even the ‘investors’ are probably borrowing most of it.
There is still a large global surplus of savings. It has to find a home somewhere, so to speak.
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