Forum Replies Created
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ParticipantI think homebuilder stocks are going to go down a lot more.
ParticipantWe contemplated buying an ocean front lot about a year ago. It was unbelievably beautiful. I think the lot was about 250k at the time. It was going to cost about $90 a square foot to build (if I remember properly). We decided not to do it as we felt that that the price explosion was directly related the CA bubble. When it collapses here, it will collapse there. You know when there are property investment tours with busloads of Americans that there is a craze going on.
Now is a BAAAAAD time to buy. The prices sure are cheap compared to here but they are much more expensive than they used to be. They are going back down.ParticipantI really feel sorry for these people. Some are exulting in their future downfall. I am not. I think many people got into a game they did not fully understand. The FBs bear heavy responsibility for their troubles but many fell into a trap of smoke and mirrors designed by lenders. Loan documents, fees, schedules, APR, resets, minimum payment repercussions are all things that many average Joes just do not understand. They see ONE thing: What is my payment. Then they sign away their life because it was too complex for them and they relied on their mortgage broker to explain everything to them.
ParticipantI predict that mortgage reform is going to be a very hot political topic in a couple of years.
ParticipantThis guy reads Piggintons! He obviously read this post.
ParticipantGreat letter!
ParticipantI just realized that this was the 1000th topic. Do I get a prize?
ParticipantI disagree with you a little bit about the loss. If you think you made 200k on your house and make financial decisions based on an expected gain but end up only making 100k, it is a psychological loss. Looking at it like an accountant does not lessen the impact of 100k evaporating.
ParticipantI did not include fees in my example. I do not know how much they paid in commission but I think they had a traditional realtor.
ParticipantThose same people ended up taking an offer that was over 15% less than the peak. The difference in dollars between the peak and what they sold for equates to one year of his salary.
ParticipantI know someone who has had their house for sale for months. They are in escrow at a price that is 40K below an offer they turned down a few months ago.
ParticipantThe cross has been there for fifty years and crosses have stood at that site for nearly one hundred years. Like I said, let the people decide. I do, however, think no government funds should go the upkeep of the cross.
Josh, I wonder if you would be so opposed to it if you were not an atheist?
While I went to a Methodist church as a child, I am not religious. In fact, I’m much like Carl Sagan. I do not want to believe, I want to know. I call myself agnostic but am probably closer to being an atheist. I will not go so far as to say that I know there is no God because I do not think that there is any proof that he does not exist. We do not have all the answers.
Live and let live. Leave the cross alone.ParticipantThe cross was already a landmark. I really do not see any harm in letting it stand until or unless it becomes unsafe or the land is needed for some other public use.
I was very upset when the Taliban blew up the two colossal statues of Buddha in Bamiyan Province. It was a spectacular piece of religious intolerance. This cross issue is not really about of the separation of church and state, in my mind. Rather, it is really one of religious intolerance in the guise of civil liberties.
Like I said before, I would have a problem with a new religious oriented structure on government land but IT WAS ALREADY THERE. It is a landmark. There is a minority of people who do not like it and are forcing their views on the masses. I would like to see the people vote on it. Perhaps the land can be leased or sold to a private group, thereby removing the government from the equation.
ParticipantI would have a problem if government funds and land were going to be used to put up a cross today. But folks, it was already there and had become a landmark. That said, there should be no government money going to upkeep. If it became unstable or unsafe do to the fact it was not being maintained, then tear it down at that point. Or if the land was needed for a government building, tear it down. But we ended up spending tons of money over the whole thing because a few people did not like it. There are much better fights for civil liberties than this one.
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