Forum Replies Created
-
AuthorPosts
-
PD
ParticipantDoh! I got my quote wrong.
That’s the fact, Jack!
June 25, 2007 at 7:53 AM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61819ParticipantHere is an interesting article about how reverse mortgages have suddenly become the latest hot thing.
http://themessthatgreenspanmade.blogspot.com/2007/06/new-mortgage-lending-growth-sector.htmlTake a look at the chart at the bottom. Wow, it looks like it isn’t the boomers with all the money. The boomers have spent their money while their parents, who lived through the depression and learned some hard lessons, saved.
June 25, 2007 at 7:53 AM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61860ParticipantHere is an interesting article about how reverse mortgages have suddenly become the latest hot thing.
http://themessthatgreenspanmade.blogspot.com/2007/06/new-mortgage-lending-growth-sector.htmlTake a look at the chart at the bottom. Wow, it looks like it isn’t the boomers with all the money. The boomers have spent their money while their parents, who lived through the depression and learned some hard lessons, saved.
ParticipantI would like to wait for prices to bottom but other factors will probably lead me into purchasing before then. We will probably be buying in the fall 2009, wherever prices are then (unless they have miraculously gone up). I’m predicting that prices will be down about 20% from now (10% a year). It is possible that there will be other factors at play that will prevent me from buying at that time or convince me to wait longer.
If I buy too early in the down cycle, however, I will do so with the full knowledge of all of the financial implications of my decision. I will have run the numbers up, down and sideways, complete with tens (or hundreds) of calculations utilizing different potential housing market scenarios.
Whenever I buy, I will certainly not justify my position with nonsense about how baby boomers are going to swoop in and save me from depreciation, or “I’m saving money on income taxes” (while bleeding property taxes), or “It is different here!”(Best Bill Murray voice) Jus’ the facts, Jack!
ParticipantI would like to wait for prices to bottom but other factors will probably lead me into purchasing before then. We will probably be buying in the fall 2009, wherever prices are then (unless they have miraculously gone up). I’m predicting that prices will be down about 20% from now (10% a year). It is possible that there will be other factors at play that will prevent me from buying at that time or convince me to wait longer.
If I buy too early in the down cycle, however, I will do so with the full knowledge of all of the financial implications of my decision. I will have run the numbers up, down and sideways, complete with tens (or hundreds) of calculations utilizing different potential housing market scenarios.
Whenever I buy, I will certainly not justify my position with nonsense about how baby boomers are going to swoop in and save me from depreciation, or “I’m saving money on income taxes” (while bleeding property taxes), or “It is different here!”(Best Bill Murray voice) Jus’ the facts, Jack!
ParticipantI would love to see faster reductions. Watching this bust play out is like watching ice melt at 33 degrees.
I have high hopes for this fall. I think credit is going to tighten further, the promise of a spring bounce will be gone and there will be more “must sell” inventory.
ParticipantI would love to see faster reductions. Watching this bust play out is like watching ice melt at 33 degrees.
I have high hopes for this fall. I think credit is going to tighten further, the promise of a spring bounce will be gone and there will be more “must sell” inventory.
ParticipantSomebody got up on the wrong side of the rock this morning.
ParticipantSomebody got up on the wrong side of the rock this morning.
ParticipantIf I find the right property, 20% below today’s prices would temp me (in Coronado). It would have to be a house that would work for us for at least 10 years.
ParticipantIf I find the right property, 20% below today’s prices would temp me (in Coronado). It would have to be a house that would work for us for at least 10 years.
June 24, 2007 at 9:16 AM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61690ParticipantMyito, why are you here? You keep posting the same substanceless stuff in an attempt to support your decision to buy. Guess what, unless you come up with hard data, you are wasting your time. Opinion pieces and parroting urban myths about how it is different here, boomers will save the day, and masses of rich people will hold up the market will do nothing to further your cause.
Please read Rich’s bubble primer. I also suggest brushing up on your basic finance.June 24, 2007 at 9:16 AM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61730ParticipantMyito, why are you here? You keep posting the same substanceless stuff in an attempt to support your decision to buy. Guess what, unless you come up with hard data, you are wasting your time. Opinion pieces and parroting urban myths about how it is different here, boomers will save the day, and masses of rich people will hold up the market will do nothing to further your cause.
Please read Rich’s bubble primer. I also suggest brushing up on your basic finance.ParticipantArtifact, thanks for plugging the info into the graphs!
sdr, keep the info coming. Your information and artifact’s graphs may show up again on Piggingtons in 2019 when Rich writes another bubble primer.
It is totally cool that you shared your WSJ with WB!
-
AuthorPosts