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SD Realtor
ParticipantFLU I like that area alot. Some big places there… Are you talking like Torrey Hills, Torrey Glenn, Montellano, Avalon Pt? Pretty pricey over there… they have a long way to come down but I like their proximity as opposed to 4S as well. Also bigger lots…
SD Realtor
ParticipantI think there is a misconception here regarding the lenders. In the case referenced I do not believe the lender would back out because of the doctor or his credentials. I think they would back out because they could not move the loan on the secondary market at the rate that would give them sufficient margin to make a profit. Thus they would be stuck with the loan.
The result is obviously the same.
SD Realtor
ParticipantI think there is a misconception here regarding the lenders. In the case referenced I do not believe the lender would back out because of the doctor or his credentials. I think they would back out because they could not move the loan on the secondary market at the rate that would give them sufficient margin to make a profit. Thus they would be stuck with the loan.
The result is obviously the same.
SD Realtor
ParticipantI think there is a misconception here regarding the lenders. In the case referenced I do not believe the lender would back out because of the doctor or his credentials. I think they would back out because they could not move the loan on the secondary market at the rate that would give them sufficient margin to make a profit. Thus they would be stuck with the loan.
The result is obviously the same.
SD Realtor
ParticipantOther 92127 short sales currently on fieldthorn, paradiso place, cabela place, 2 on silver pine road, 2 on saintsbury glen, albert, purple sage, rock rose…
This was a cursory quick search using a few keywords. There may be a few more.
ParticipantOther 92127 short sales currently on fieldthorn, paradiso place, cabela place, 2 on silver pine road, 2 on saintsbury glen, albert, purple sage, rock rose…
This was a cursory quick search using a few keywords. There may be a few more.
ParticipantOther 92127 short sales currently on fieldthorn, paradiso place, cabela place, 2 on silver pine road, 2 on saintsbury glen, albert, purple sage, rock rose…
This was a cursory quick search using a few keywords. There may be a few more.
ParticipantThis is an interesting thread… I will say this that right out front I have worked with Chris before and I know him personally. In his profession Chris can make money regardless of the market direction as this is what he has done professionally. So it wouldn’t surprise me if he makes as much money either way the market goes…. I don’t think Chris is excusing poor behavior by buyers and is a bit more sympathetic to those who have been victims of fraud. Matt I could see though when I reread the post that your response is valid… What I am trying to say is it seems to me that there is an element of joy/look how much I made when the market tanks but this is not ever present on market moves in the other direction except for a few posts here and there.
I do acknowledge that many/most people here want what I want…. to be able to buy a home at an affordable price…
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I tried an experiment this afternoon and brought 3 coworkers over to read several of the threads that discussed the market and financial state. Now these are all engineers, one of whom is renting and is quite bearish, one who has his house paid off and has about a 600k stock portfolio, and another who rents and has blown alot of his money on cigarettes, gambling, and of course is single and has to send alot of his money back to his family in Vietnam. While totally different personalities, all 3 of them did say that there is a definite harsh tone on the threads regarding the financial markets. They generally agreed that there was an element of excitement and giddiness when there were poor stock market days and anger when there are good market days. That people were quick to announce big gains on down days, and nobody announced big gains on up days or those who did make big gains on positive bias were most likely to shy to post for fear of being criticized….
I would ask that more people here try the same experiment to see if they get the same results I did…
ParticipantThis is an interesting thread… I will say this that right out front I have worked with Chris before and I know him personally. In his profession Chris can make money regardless of the market direction as this is what he has done professionally. So it wouldn’t surprise me if he makes as much money either way the market goes…. I don’t think Chris is excusing poor behavior by buyers and is a bit more sympathetic to those who have been victims of fraud. Matt I could see though when I reread the post that your response is valid… What I am trying to say is it seems to me that there is an element of joy/look how much I made when the market tanks but this is not ever present on market moves in the other direction except for a few posts here and there.
I do acknowledge that many/most people here want what I want…. to be able to buy a home at an affordable price…
*************
I tried an experiment this afternoon and brought 3 coworkers over to read several of the threads that discussed the market and financial state. Now these are all engineers, one of whom is renting and is quite bearish, one who has his house paid off and has about a 600k stock portfolio, and another who rents and has blown alot of his money on cigarettes, gambling, and of course is single and has to send alot of his money back to his family in Vietnam. While totally different personalities, all 3 of them did say that there is a definite harsh tone on the threads regarding the financial markets. They generally agreed that there was an element of excitement and giddiness when there were poor stock market days and anger when there are good market days. That people were quick to announce big gains on down days, and nobody announced big gains on up days or those who did make big gains on positive bias were most likely to shy to post for fear of being criticized….
I would ask that more people here try the same experiment to see if they get the same results I did…
ParticipantThis is an interesting thread… I will say this that right out front I have worked with Chris before and I know him personally. In his profession Chris can make money regardless of the market direction as this is what he has done professionally. So it wouldn’t surprise me if he makes as much money either way the market goes…. I don’t think Chris is excusing poor behavior by buyers and is a bit more sympathetic to those who have been victims of fraud. Matt I could see though when I reread the post that your response is valid… What I am trying to say is it seems to me that there is an element of joy/look how much I made when the market tanks but this is not ever present on market moves in the other direction except for a few posts here and there.
I do acknowledge that many/most people here want what I want…. to be able to buy a home at an affordable price…
*************
I tried an experiment this afternoon and brought 3 coworkers over to read several of the threads that discussed the market and financial state. Now these are all engineers, one of whom is renting and is quite bearish, one who has his house paid off and has about a 600k stock portfolio, and another who rents and has blown alot of his money on cigarettes, gambling, and of course is single and has to send alot of his money back to his family in Vietnam. While totally different personalities, all 3 of them did say that there is a definite harsh tone on the threads regarding the financial markets. They generally agreed that there was an element of excitement and giddiness when there were poor stock market days and anger when there are good market days. That people were quick to announce big gains on down days, and nobody announced big gains on up days or those who did make big gains on positive bias were most likely to shy to post for fear of being criticized….
I would ask that more people here try the same experiment to see if they get the same results I did…
August 17, 2007 at 11:15 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77380Participantkewp –
Gotcha and agreed about the over consumption. Heartily agree… Unfortunately though it is everyday products that we all very much rely on that are now pretty much not made here anymore. Not sure if there is a real solution or not.
SD Realtor
August 17, 2007 at 11:15 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77502Participantkewp –
Gotcha and agreed about the over consumption. Heartily agree… Unfortunately though it is everyday products that we all very much rely on that are now pretty much not made here anymore. Not sure if there is a real solution or not.
SD Realtor
August 17, 2007 at 11:15 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77529Participantkewp –
Gotcha and agreed about the over consumption. Heartily agree… Unfortunately though it is everyday products that we all very much rely on that are now pretty much not made here anymore. Not sure if there is a real solution or not.
SD Realtor
August 17, 2007 at 2:31 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77170ParticipantKewp unfortunately that is not true. You may not set foot in a Walmart but to think that many products you have that were not manufactured or have components made in China is completely incorrect…
Many people do not realize how much electronic hardware is made overseas now. People who have cable boxes, dsl, modems, wireless equipment, televisions, flat screens…on and on and on guess what. They may not be manufactured in China but I will be willing to bet some of the components are made in China. How about tires and other components in automobiles. How about lamps…how bout our own tanks, and planes…I could go on and on.
I am not blaming the Chinese either. It is not their fault for being opportunistic. If it wasn’t them it would be someone else. That is how capitalism works and it was a natural cycle for American producers of goods to realize the goods can be made or bought and resold cheaper then in America.
I don’t think there is a straight person or entity to “blame” as it is not anyones fault. However to be naive and think, I don’t have baby’s toys or it is the consumerism in America that is to blame… well I am really not so sure it is as easy as that.
SD Realtor
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