[sdcellar]

Yeah, it’s a shame that opportunity cost has become such a nothing. It used to subsidize my rent quite nicely, but I leave it out of my math as well now (really, it’s been done for me).

[sdcellar]

[quote=AN]FYI, average rates on April 03, 2009 was 4.78% and rates on June 12, 2009 was 5.59%. Did price drop by 16.9% over those two months as rate spiked 16.9%?

You calling my behavior a grade schooler, yet you started with the name calling? Are you bipolar?

Once again, stop trying to sound like you know who I am and my intention. It just make you sound like a fool.[/quote]I’d call you a cherry picker, but that would certainly make me a name caller. Wouldn’t make me wrong though. Are you honestly going to stick with rates have gone up, where’s the discount?

[sdcellar]

[quote=AN]FYI, average rates on April 03, 2009 was 4.78% and rates on June 12, 2009 was 5.59%. Did price drop by 16.9% over those two months as rate spiked 16.9%?

You calling my behavior a grade schooler, yet you started with the name calling? Are you bipolar?

Once again, stop trying to sound like you know who I am and my intention. It just make you sound like a fool.[/quote]I’d call you a cherry picker, but that would certainly make me a name caller. Wouldn’t make me wrong though. Are you honestly going to stick with rates have gone up, where’s the discount?

[sdcellar]

[quote=AN]FYI, average rates on April 03, 2009 was 4.78% and rates on June 12, 2009 was 5.59%. Did price drop by 16.9% over those two months as rate spiked 16.9%?

You calling my behavior a grade schooler, yet you started with the name calling? Are you bipolar?

Once again, stop trying to sound like you know who I am and my intention. It just make you sound like a fool.[/quote]I’d call you a cherry picker, but that would certainly make me a name caller. Wouldn’t make me wrong though. Are you honestly going to stick with rates have gone up, where’s the discount?

[sdcellar]

[quote=AN]FYI, average rates on April 03, 2009 was 4.78% and rates on June 12, 2009 was 5.59%. Did price drop by 16.9% over those two months as rate spiked 16.9%?

You calling my behavior a grade schooler, yet you started with the name calling? Are you bipolar?

Once again, stop trying to sound like you know who I am and my intention. It just make you sound like a fool.[/quote]I’d call you a cherry picker, but that would certainly make me a name caller. Wouldn’t make me wrong though. Are you honestly going to stick with rates have gone up, where’s the discount?

[sdcellar]

[quote=AN]FYI, average rates on April 03, 2009 was 4.78% and rates on June 12, 2009 was 5.59%. Did price drop by 16.9% over those two months as rate spiked 16.9%?

You calling my behavior a grade schooler, yet you started with the name calling? Are you bipolar?

Once again, stop trying to sound like you know who I am and my intention. It just make you sound like a fool.[/quote]I’d call you a cherry picker, but that would certainly make me a name caller. Wouldn’t make me wrong though. Are you honestly going to stick with rates have gone up, where’s the discount?

[sdcellar]

[quote=AN]Thanks SD R. That was exactly my point. It was directed at Brian for making a sweeping statement of wait and you be rewarded. However, sdcellar seems to have a really hard time seeing the forest from the trees.

sdcellar, since you attacked me for numbers I pull out of thin air, you obviously thinks that it’s wrong and it can’t possibly happen; I like to introduce you to the 70s. Even more recent, I like to introduce you to last year, where rates went up 10%, yet price didn’t drop 10%.[/quote]And you make equally sweeping statements in return. What’s the difference?

And on this 10% higher rates thing, is that another nonsense number or is it literal?

Rate one-year ago, 5.04%. Rate today, 4.93%. Highest rate over the past year, 5.59%, June 11, 2009. By August 20, back to 5.12%.

As far as I can see, I don’t see any sustained period of higher rates over the past year. Still near historical lows as far as I can tell.

[sdcellar]

[quote=AN]Thanks SD R. That was exactly my point. It was directed at Brian for making a sweeping statement of wait and you be rewarded. However, sdcellar seems to have a really hard time seeing the forest from the trees.

sdcellar, since you attacked me for numbers I pull out of thin air, you obviously thinks that it’s wrong and it can’t possibly happen; I like to introduce you to the 70s. Even more recent, I like to introduce you to last year, where rates went up 10%, yet price didn’t drop 10%.[/quote]And you make equally sweeping statements in return. What’s the difference?

And on this 10% higher rates thing, is that another nonsense number or is it literal?

Rate one-year ago, 5.04%. Rate today, 4.93%. Highest rate over the past year, 5.59%, June 11, 2009. By August 20, back to 5.12%.

As far as I can see, I don’t see any sustained period of higher rates over the past year. Still near historical lows as far as I can tell.

[sdcellar]

[quote=AN]Thanks SD R. That was exactly my point. It was directed at Brian for making a sweeping statement of wait and you be rewarded. However, sdcellar seems to have a really hard time seeing the forest from the trees.

sdcellar, since you attacked me for numbers I pull out of thin air, you obviously thinks that it’s wrong and it can’t possibly happen; I like to introduce you to the 70s. Even more recent, I like to introduce you to last year, where rates went up 10%, yet price didn’t drop 10%.[/quote]And you make equally sweeping statements in return. What’s the difference?

And on this 10% higher rates thing, is that another nonsense number or is it literal?

Rate one-year ago, 5.04%. Rate today, 4.93%. Highest rate over the past year, 5.59%, June 11, 2009. By August 20, back to 5.12%.

As far as I can see, I don’t see any sustained period of higher rates over the past year. Still near historical lows as far as I can tell.

[sdcellar]

[quote=AN]Thanks SD R. That was exactly my point. It was directed at Brian for making a sweeping statement of wait and you be rewarded. However, sdcellar seems to have a really hard time seeing the forest from the trees.

sdcellar, since you attacked me for numbers I pull out of thin air, you obviously thinks that it’s wrong and it can’t possibly happen; I like to introduce you to the 70s. Even more recent, I like to introduce you to last year, where rates went up 10%, yet price didn’t drop 10%.[/quote]And you make equally sweeping statements in return. What’s the difference?

And on this 10% higher rates thing, is that another nonsense number or is it literal?

Rate one-year ago, 5.04%. Rate today, 4.93%. Highest rate over the past year, 5.59%, June 11, 2009. By August 20, back to 5.12%.

As far as I can see, I don’t see any sustained period of higher rates over the past year. Still near historical lows as far as I can tell.

[sdcellar]

[quote=AN]Thanks SD R. That was exactly my point. It was directed at Brian for making a sweeping statement of wait and you be rewarded. However, sdcellar seems to have a really hard time seeing the forest from the trees.

sdcellar, since you attacked me for numbers I pull out of thin air, you obviously thinks that it’s wrong and it can’t possibly happen; I like to introduce you to the 70s. Even more recent, I like to introduce you to last year, where rates went up 10%, yet price didn’t drop 10%.[/quote]And you make equally sweeping statements in return. What’s the difference?

And on this 10% higher rates thing, is that another nonsense number or is it literal?

Rate one-year ago, 5.04%. Rate today, 4.93%. Highest rate over the past year, 5.59%, June 11, 2009. By August 20, back to 5.12%.

As far as I can see, I don’t see any sustained period of higher rates over the past year. Still near historical lows as far as I can tell.

[sdcellar]

[quote=SD Realtor]I didn’t need to take his numbers literally to understand the point. It was a simple interest rate to price correlation which is always speculative. To me his point was that there are no gaurantees, nothing more and nothing less. To me his numbers were so outlandish that it was laughable and I did not take them seriously like you did.

Yet I did understand the point he was trying to make.[/quote]I understood his point as well. I just find it annoying that he uses relatively outlandish numbers for most of his arguments. This makes it easy to end up on the wrong side of the discussion, but point back to “well, I wasn’t serious when I said Del Mar q-acre for $500K; Of course if interest rates go up that much, it will affect prices”

This would be fine too, if he wasn’t so intent on holding his arguments and using them to shoot down people. Did you take him to task for taking briansd so “literally”? Clearly on the Calle Cristobal prices approaching MM south prices, Brian didn’t mean CC would be completely flat, rather slowly dropping in price, making it worth the wait.

That said, I’m glad you spoke up for him since he was behaving like a grade schooler with “what do you think I mean; keep guessing”. Once you made some point on his behalf, he was happy to chime in (but probably didn’t know what he was going to say until then).

Unfortunately, now that he’s saying something again, but he’s moved on to cliches like “renting is throwing money down the drain,” and as you can tell from the rational dialog that follows, it’s a little more complex than that and all long-time followers of Piggington’s know that.

You’re right that nobody knows the future and I think many of us are concerned that things are going to bob along for some time and maybe this is as good as it gets. Deep down, AN isn’t certain either, but he tries with all he is to see it that way. His outlandish numbers/statements make it easier to save face if he’s mistaken.

[sdcellar]

[quote=SD Realtor]I didn’t need to take his numbers literally to understand the point. It was a simple interest rate to price correlation which is always speculative. To me his point was that there are no gaurantees, nothing more and nothing less. To me his numbers were so outlandish that it was laughable and I did not take them seriously like you did.

Yet I did understand the point he was trying to make.[/quote]I understood his point as well. I just find it annoying that he uses relatively outlandish numbers for most of his arguments. This makes it easy to end up on the wrong side of the discussion, but point back to “well, I wasn’t serious when I said Del Mar q-acre for $500K; Of course if interest rates go up that much, it will affect prices”

This would be fine too, if he wasn’t so intent on holding his arguments and using them to shoot down people. Did you take him to task for taking briansd so “literally”? Clearly on the Calle Cristobal prices approaching MM south prices, Brian didn’t mean CC would be completely flat, rather slowly dropping in price, making it worth the wait.

That said, I’m glad you spoke up for him since he was behaving like a grade schooler with “what do you think I mean; keep guessing”. Once you made some point on his behalf, he was happy to chime in (but probably didn’t know what he was going to say until then).

Unfortunately, now that he’s saying something again, but he’s moved on to cliches like “renting is throwing money down the drain,” and as you can tell from the rational dialog that follows, it’s a little more complex than that and all long-time followers of Piggington’s know that.

You’re right that nobody knows the future and I think many of us are concerned that things are going to bob along for some time and maybe this is as good as it gets. Deep down, AN isn’t certain either, but he tries with all he is to see it that way. His outlandish numbers/statements make it easier to save face if he’s mistaken.

[sdcellar]

[quote=SD Realtor]I didn’t need to take his numbers literally to understand the point. It was a simple interest rate to price correlation which is always speculative. To me his point was that there are no gaurantees, nothing more and nothing less. To me his numbers were so outlandish that it was laughable and I did not take them seriously like you did.

Yet I did understand the point he was trying to make.[/quote]I understood his point as well. I just find it annoying that he uses relatively outlandish numbers for most of his arguments. This makes it easy to end up on the wrong side of the discussion, but point back to “well, I wasn’t serious when I said Del Mar q-acre for $500K; Of course if interest rates go up that much, it will affect prices”

This would be fine too, if he wasn’t so intent on holding his arguments and using them to shoot down people. Did you take him to task for taking briansd so “literally”? Clearly on the Calle Cristobal prices approaching MM south prices, Brian didn’t mean CC would be completely flat, rather slowly dropping in price, making it worth the wait.

That said, I’m glad you spoke up for him since he was behaving like a grade schooler with “what do you think I mean; keep guessing”. Once you made some point on his behalf, he was happy to chime in (but probably didn’t know what he was going to say until then).

Unfortunately, now that he’s saying something again, but he’s moved on to cliches like “renting is throwing money down the drain,” and as you can tell from the rational dialog that follows, it’s a little more complex than that and all long-time followers of Piggington’s know that.

You’re right that nobody knows the future and I think many of us are concerned that things are going to bob along for some time and maybe this is as good as it gets. Deep down, AN isn’t certain either, but he tries with all he is to see it that way. His outlandish numbers/statements make it easier to save face if he’s mistaken.

[sdcellar]

[quote=SD Realtor]I didn’t need to take his numbers literally to understand the point. It was a simple interest rate to price correlation which is always speculative. To me his point was that there are no gaurantees, nothing more and nothing less. To me his numbers were so outlandish that it was laughable and I did not take them seriously like you did.

Yet I did understand the point he was trying to make.[/quote]I understood his point as well. I just find it annoying that he uses relatively outlandish numbers for most of his arguments. This makes it easy to end up on the wrong side of the discussion, but point back to “well, I wasn’t serious when I said Del Mar q-acre for $500K; Of course if interest rates go up that much, it will affect prices”

This would be fine too, if he wasn’t so intent on holding his arguments and using them to shoot down people. Did you take him to task for taking briansd so “literally”? Clearly on the Calle Cristobal prices approaching MM south prices, Brian didn’t mean CC would be completely flat, rather slowly dropping in price, making it worth the wait.

That said, I’m glad you spoke up for him since he was behaving like a grade schooler with “what do you think I mean; keep guessing”. Once you made some point on his behalf, he was happy to chime in (but probably didn’t know what he was going to say until then).

Unfortunately, now that he’s saying something again, but he’s moved on to cliches like “renting is throwing money down the drain,” and as you can tell from the rational dialog that follows, it’s a little more complex than that and all long-time followers of Piggington’s know that.

You’re right that nobody knows the future and I think many of us are concerned that things are going to bob along for some time and maybe this is as good as it gets. Deep down, AN isn’t certain either, but he tries with all he is to see it that way. His outlandish numbers/statements make it easier to save face if he’s mistaken.

[Author]

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