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spdrun
ParticipantBearishgurl —
Again: sale prices are still 20%(?) below their peak and were even lower before. Clearly, economic conditions did affect the market in SD. Your neighborhoods seem to the anomalous rather than the norm.
spdrun
ParticipantWhether a home is paid off or not has no effect on value, only on whether the home CAN be sold without resorting to short sale or bank foreclosure.
spdrun
Participanthad to revert to the mean and overshot and crashed.
Exactly — and it’s quite possible that it overshot in the other direction right now. Buying may be cheaper than renting, but it’s not a whole lot cheaper (which it is in other areas). Whether today’s prices are “correct” is pretty hard to answer.
spdrun
ParticipantSee 2010 for an example. $8000 homeowner tax credit was evaporated *POOF!*, prices hit the floor for two years.
A 20% rise in interest rates (not “1%”, but 20% to put it into perspective) would actually have MORE of an effect on monthly payments than a $8000 max credit for most houses in SD.
Where am I getting 20%? 4.2%/3.5% is about 1.20 or 120%.
spdrun
ParticipantAlso, certain urban trendy areas and coastal areas in coastal CA counties are “immune” from large (and fast) price declines. SD would have to successfully be attacked with nuclear weapons for that to happen.
Yet we had 2007-2009 and 2011-2012 as periods of decline without any nuclear weapons being involved. 10% decline is nothing, basically noise — no reason why it couldn’t happen.
spdrun
ParticipantSeasonality. Higher interest rates. Phase of the moon. Investors losing interest and moving on to other things. 10% is nothing in the grand scheme of things.
spdrun
ParticipantThe culture is braggadocio. They are not negotiators or diplomats. It’s about blowing people’s brains out.
I think that’s a bit simplistic — Navy and Air Force seem to be more about playing with interesting toys for a few years while learning skills that will make them employable in the real world. Killing is done from afar, so maybe it doesn’t seem as much like what it is.
spdrun
ParticipantPlus being government property can’t be fun — remember Agent Orange and Gulf War Disease? Who knows what will come out 10 years after Iraq II and Afghanistan?
BTW – if the soldiers buy at a good price, can’t they rent it out after changing duty station? Or wait till separation from the service before buying a home, as my friend who’s an ex-Marine did.
spdrun
ParticipantI support raising my wage. I don’t support raising the competition’s wages.
spdrun
ParticipantYou lost a zero somewhere — I’m getting $56k per citizen, call it $100k per taxpayer.
spdrun
ParticipantThe smart ones did interest only cash out refi’s short sold to themselves and cashed out again when the market went up.
How does one “short-sell to themselves” without a trusted middleman? AFAIK, short sales have to be arm’s length transactions.
spdrun
ParticipantIf I get married to an older woman whose biological clock it ticking, she’ll probably want a house in the suburbs somewhere with a luxury SUV. A younger woman would want shopping sprees for handbags, shoes, etc…
Crunchy hippie girls who wear comfortable shoes for the win. She’d want a Prius and a bungalow in North-Park. I think you could live with such an arrangement, no?
Or just look in mid-40s. Past child bearing age, not quite at the Maude stage.
spdrun
Participanttoo complicated. scheduling, arrangements, etc. i can’t do it.
Downsize your home, get a job that’s more flexible. You’re thinking like an overworked American.
spdrun
ParticipantIntarweb news isn’t much better if you’re getting it from biased outlets like Faux.
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