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PerryChase
ParticipantI agree with Construction At. Always document everything in writing.
Don’t make over-the-top accusations. Simply tell your landlord that you were very surprised that he came over without first notifying you, and that, in the future, you’d appreciate advance notice. Depending on the impression you want to make, you can write the letter yourself or have your attorney write it for you.
If you go to court, you’ll have a great advantage if you have documents to prove your point.
ParticipantActually, I’m all for changing the law to allow to subprime borrowers to walk-away from their mortgages in bankruptcy.
I’m all for letting the lenders hold the bag. That’ll teach them not to lend willy nilly again.
But no taxpayer money to the borrowers or lenders.
ParticipantYour landlord violated your privacy. Consult your attorney and have him write your landlord a letter. Keep track of the trespass and document it in writing.
You pay your rent and are entitled to peaceful enjoyment of your home. He’s the landlord, but it’s YOUR home as long as you abiding by the rental agreement.
ParticipantOne very important piece of information should be noted. During the 1990s downturn foreclosures peaked in 1996 or six years into the housing slump. Today’s foreclosures have now surpassed the previous peak’s figures. And we are only 1+ year into our current housing slump.
Only time will tell what will happen 3-6 years into a slump. Of course, many are arguing that we have already hit bottom. I’m thinking that it’s just wishful thinking on the real estate boosters’ part.
ParticipantGreat point you made pencilneck. We have lots of smart people here who think from every angle. That’s why I love this forum.
ParticipantI had a Realtor leave a business card on my door the other day. In the back he wrote “I have a buyer interested in buying you house, please call….”
I think that coming over unannounced is rude. I never receive unannounced visits.
ParticipantThere’s another one from LA Times.
http://www.latimes.com/business/la-fi-forclose17apr17,0,5052032.story?coll=la-home-headlines
Young people aren’t going to buy house because they’ll be out of work. We’ll see an exodus from SD to the mid-west and east where people came from.
It’s 1990 all over again. The people who’ve been here long enough will tell you so. It certainly feels like to me. At least I’m better prepared this time around.
ParticipantI think that the best way to watch a market it to do what Reators do. Review every single listing in your town/neighborhood. It’s very easy to do on ziprealty.com. Then drive around to those listing on your way to work and back home, or while running errands.
As new listings pop up, it only takes a little bit of time to review them.
Participant“It’s been my experience that the people who rely on price/SqFt/building area for houses are mostly clueless.”
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Bugs, again I agree with you.I’ve been looking at older neighborhoods of San Diego. I have a very simple, quick way of looking at house value. I figure that I were my own contractor, I could build my own house on land that is already entitled for $80-$100/sf. If I raze a house and rebuilt (or completely renovated it), the value should still be in within the neighborhood range, albeit on the upper end. If do doing so results in an outlier then the house for sale is too expensive.
ParticipantYou can get the information for free.
Cross reference the information available on these databases:http://arcc.co.san-diego.ca.us/arcc/services/propchar/search.aspx
ParticipantMy bad. On this subject I totally agree with you, jg. While I differ from you on some other topics, I think that you’re pretty wise.
Yes, humans are primarily emotional beings. A good understanding of psychology is very helpful to navigating life.
April 13, 2007 at 1:00 PM in reply to: Surprisingly good article on money.cnn.com on the bialout debacle #50051Participant$120 billion to bailout homeowners? That’s nothing compared to what we’re spending in Iraq. That’s no big deal. We can afford it.
ParticipantPeople often price rents by that the “need” to get. Once a home sits on the market for a while, then it’ll be priced at market rate. There is plenty of “need to” pricing right now — both in the rental and resale market.
I expect that next year, we’ll begin to see 1 or 2 months free rent with a lease (like there used to be in the 1990s).
ParticipantGood link little_lady. We’ll see how homeowners who bought in 2005 begin the handle the resets.
I see so many resales by owners who have owned less than 2 years.
By the fall, we’ll really see the direction of this market and whether it’s really “different this time.” I’m giving the bulls the benefit of the doubt on “it’s different this time” until October. If the market doesn’t plateau as the bulls surmised, then chances are we’ll see a repeat of the 1990s downturn, in proportion to the recent boom.
The Downtown San Diego market is fascinating to watch because it was virtually all built on the boom. If prices drop to 2000 levels then virtually all the Downtown units will be underwater. That will forever obviate the thinking that “you should get in on the ground floor.” Other neighborhoods such as Liberty Station and post 2000 master-planned communities might be similarly affected. It will also reinforce the fact the wise course of action in new development is to buy-and-flip.
I’m looking forward to the autumn leaves. The falling leaves drift by my window. The autumn leaves of red and gold….
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