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temeculaguy
Participant[quote=Enorah]I feel really sad reading this thread[/quote]
Which is why I originally planned to stay out of this one, why make divide between the sexes deeper than it already is? If someone finds their way into an unhappy or unhealthy relationship, they should find their way out of it, the process will benefit them.Whenever I’ve been in a conversation with a friend and we are talking about another friend in a relationship where it seems unpleasant, my first response is usually “well, maybe her’s shoots sparks or something.” I’ve done exhaustive research and women are similarly equipped, there are variances, but none are worth subjecting oneself to undue hardship for time spent with their anatomy.
It’s gotta be more than just sexual power or fear of financial loss. People get into, stay in, or create unhealthy/unbalanced relationships for a reason, one rooted in their own psychology, not their sexuality.
If you could waive a magic wand and free that guy of all financial loss, end his relationship and let him start over without pain or loss, he will likely end up in exactly the same situation he is in now. Another poster mentioned wife 1.0 and wife 2.0, the only reason wife 2.0 works was because of wife 1.0, not in spite of her.
Once again, life charges tuition for it’s lessons just like a university does, both are worth the money.
Participant[quote=Enorah]I feel really sad reading this thread[/quote]
Which is why I originally planned to stay out of this one, why make divide between the sexes deeper than it already is? If someone finds their way into an unhappy or unhealthy relationship, they should find their way out of it, the process will benefit them.Whenever I’ve been in a conversation with a friend and we are talking about another friend in a relationship where it seems unpleasant, my first response is usually “well, maybe her’s shoots sparks or something.” I’ve done exhaustive research and women are similarly equipped, there are variances, but none are worth subjecting oneself to undue hardship for time spent with their anatomy.
It’s gotta be more than just sexual power or fear of financial loss. People get into, stay in, or create unhealthy/unbalanced relationships for a reason, one rooted in their own psychology, not their sexuality.
If you could waive a magic wand and free that guy of all financial loss, end his relationship and let him start over without pain or loss, he will likely end up in exactly the same situation he is in now. Another poster mentioned wife 1.0 and wife 2.0, the only reason wife 2.0 works was because of wife 1.0, not in spite of her.
Once again, life charges tuition for it’s lessons just like a university does, both are worth the money.
Participant[quote=Enorah]I feel really sad reading this thread[/quote]
Which is why I originally planned to stay out of this one, why make divide between the sexes deeper than it already is? If someone finds their way into an unhappy or unhealthy relationship, they should find their way out of it, the process will benefit them.Whenever I’ve been in a conversation with a friend and we are talking about another friend in a relationship where it seems unpleasant, my first response is usually “well, maybe her’s shoots sparks or something.” I’ve done exhaustive research and women are similarly equipped, there are variances, but none are worth subjecting oneself to undue hardship for time spent with their anatomy.
It’s gotta be more than just sexual power or fear of financial loss. People get into, stay in, or create unhealthy/unbalanced relationships for a reason, one rooted in their own psychology, not their sexuality.
If you could waive a magic wand and free that guy of all financial loss, end his relationship and let him start over without pain or loss, he will likely end up in exactly the same situation he is in now. Another poster mentioned wife 1.0 and wife 2.0, the only reason wife 2.0 works was because of wife 1.0, not in spite of her.
Once again, life charges tuition for it’s lessons just like a university does, both are worth the money.
Participant[quote=seer]Stay away from RE for 3 years.[/quote]
It is official, we are at or have passed the bottom in some markets. Maybe I had always thought it would be the cover of Time magazine, but these days, few people read Time, it is no longer the pulse of society.
This cash is coming out the mattresses for a reason, because as soon as popular opinion is consistent with that statement (which it is) then it’s time to go all in. In 2006, when popular opinion was that r/e always goes up, the translation is=look out below.
BTW seer, I’m somewhat familiar with those condos, I took a look at them as an investment once they started to break below 100k. If I’m not mistaken (which I might be on the complex name but it was on or near madison, an ongoing lawsuit against the builder for something is blocking any financing), it’s cash only, they started to break 100k and they could not participate in the 8k tax deal, because very few 1st time buyers who make less than 75k have that kind of cash on hand. You are applying logic just like r/e always goes up to your theory. It’s peak was 299k, then it fell to 150k, then it fell to 79k. Logic says that it will fall to 35k next year and 17k the year after (while renting for 1k). That same logic was used by bubblers, who saw it go from 150k to 300k so it must go to 600k. Just because a particular investment is a bad idea at one price doesn’t always make it a bad idea at another price, the reverse is also very true. A 70x rent multipler is a good investment, regardless of what the trend has been, those lines on graphs tend to turn onve fundamental values are overshot, and a newer 1k/mo rental is overshot at 79k, three years isn’t going to help, it will hurt. In fact they are probably already gone. The 100k places I was targeting that rented for 1200 and the 135k places that rented for 1500 that I was attempting to buy are all gone, all sold, prives have bumped up 10%. I don’t need 3 years, I need a time machine to get me back to six months ago.
But I don’t really want to talk you out of your position because I need you to think like you do and to share your opinions with others. Contrarians beat the market by moving in the opposite direction, without the herd, there is no prey.
Participant[quote=seer]Stay away from RE for 3 years.[/quote]
It is official, we are at or have passed the bottom in some markets. Maybe I had always thought it would be the cover of Time magazine, but these days, few people read Time, it is no longer the pulse of society.
This cash is coming out the mattresses for a reason, because as soon as popular opinion is consistent with that statement (which it is) then it’s time to go all in. In 2006, when popular opinion was that r/e always goes up, the translation is=look out below.
BTW seer, I’m somewhat familiar with those condos, I took a look at them as an investment once they started to break below 100k. If I’m not mistaken (which I might be on the complex name but it was on or near madison, an ongoing lawsuit against the builder for something is blocking any financing), it’s cash only, they started to break 100k and they could not participate in the 8k tax deal, because very few 1st time buyers who make less than 75k have that kind of cash on hand. You are applying logic just like r/e always goes up to your theory. It’s peak was 299k, then it fell to 150k, then it fell to 79k. Logic says that it will fall to 35k next year and 17k the year after (while renting for 1k). That same logic was used by bubblers, who saw it go from 150k to 300k so it must go to 600k. Just because a particular investment is a bad idea at one price doesn’t always make it a bad idea at another price, the reverse is also very true. A 70x rent multipler is a good investment, regardless of what the trend has been, those lines on graphs tend to turn onve fundamental values are overshot, and a newer 1k/mo rental is overshot at 79k, three years isn’t going to help, it will hurt. In fact they are probably already gone. The 100k places I was targeting that rented for 1200 and the 135k places that rented for 1500 that I was attempting to buy are all gone, all sold, prives have bumped up 10%. I don’t need 3 years, I need a time machine to get me back to six months ago.
But I don’t really want to talk you out of your position because I need you to think like you do and to share your opinions with others. Contrarians beat the market by moving in the opposite direction, without the herd, there is no prey.
Participant[quote=seer]Stay away from RE for 3 years.[/quote]
It is official, we are at or have passed the bottom in some markets. Maybe I had always thought it would be the cover of Time magazine, but these days, few people read Time, it is no longer the pulse of society.
This cash is coming out the mattresses for a reason, because as soon as popular opinion is consistent with that statement (which it is) then it’s time to go all in. In 2006, when popular opinion was that r/e always goes up, the translation is=look out below.
BTW seer, I’m somewhat familiar with those condos, I took a look at them as an investment once they started to break below 100k. If I’m not mistaken (which I might be on the complex name but it was on or near madison, an ongoing lawsuit against the builder for something is blocking any financing), it’s cash only, they started to break 100k and they could not participate in the 8k tax deal, because very few 1st time buyers who make less than 75k have that kind of cash on hand. You are applying logic just like r/e always goes up to your theory. It’s peak was 299k, then it fell to 150k, then it fell to 79k. Logic says that it will fall to 35k next year and 17k the year after (while renting for 1k). That same logic was used by bubblers, who saw it go from 150k to 300k so it must go to 600k. Just because a particular investment is a bad idea at one price doesn’t always make it a bad idea at another price, the reverse is also very true. A 70x rent multipler is a good investment, regardless of what the trend has been, those lines on graphs tend to turn onve fundamental values are overshot, and a newer 1k/mo rental is overshot at 79k, three years isn’t going to help, it will hurt. In fact they are probably already gone. The 100k places I was targeting that rented for 1200 and the 135k places that rented for 1500 that I was attempting to buy are all gone, all sold, prives have bumped up 10%. I don’t need 3 years, I need a time machine to get me back to six months ago.
But I don’t really want to talk you out of your position because I need you to think like you do and to share your opinions with others. Contrarians beat the market by moving in the opposite direction, without the herd, there is no prey.
Participant[quote=seer]Stay away from RE for 3 years.[/quote]
It is official, we are at or have passed the bottom in some markets. Maybe I had always thought it would be the cover of Time magazine, but these days, few people read Time, it is no longer the pulse of society.
This cash is coming out the mattresses for a reason, because as soon as popular opinion is consistent with that statement (which it is) then it’s time to go all in. In 2006, when popular opinion was that r/e always goes up, the translation is=look out below.
BTW seer, I’m somewhat familiar with those condos, I took a look at them as an investment once they started to break below 100k. If I’m not mistaken (which I might be on the complex name but it was on or near madison, an ongoing lawsuit against the builder for something is blocking any financing), it’s cash only, they started to break 100k and they could not participate in the 8k tax deal, because very few 1st time buyers who make less than 75k have that kind of cash on hand. You are applying logic just like r/e always goes up to your theory. It’s peak was 299k, then it fell to 150k, then it fell to 79k. Logic says that it will fall to 35k next year and 17k the year after (while renting for 1k). That same logic was used by bubblers, who saw it go from 150k to 300k so it must go to 600k. Just because a particular investment is a bad idea at one price doesn’t always make it a bad idea at another price, the reverse is also very true. A 70x rent multipler is a good investment, regardless of what the trend has been, those lines on graphs tend to turn onve fundamental values are overshot, and a newer 1k/mo rental is overshot at 79k, three years isn’t going to help, it will hurt. In fact they are probably already gone. The 100k places I was targeting that rented for 1200 and the 135k places that rented for 1500 that I was attempting to buy are all gone, all sold, prives have bumped up 10%. I don’t need 3 years, I need a time machine to get me back to six months ago.
But I don’t really want to talk you out of your position because I need you to think like you do and to share your opinions with others. Contrarians beat the market by moving in the opposite direction, without the herd, there is no prey.
Participant[quote=seer]Stay away from RE for 3 years.[/quote]
It is official, we are at or have passed the bottom in some markets. Maybe I had always thought it would be the cover of Time magazine, but these days, few people read Time, it is no longer the pulse of society.
This cash is coming out the mattresses for a reason, because as soon as popular opinion is consistent with that statement (which it is) then it’s time to go all in. In 2006, when popular opinion was that r/e always goes up, the translation is=look out below.
BTW seer, I’m somewhat familiar with those condos, I took a look at them as an investment once they started to break below 100k. If I’m not mistaken (which I might be on the complex name but it was on or near madison, an ongoing lawsuit against the builder for something is blocking any financing), it’s cash only, they started to break 100k and they could not participate in the 8k tax deal, because very few 1st time buyers who make less than 75k have that kind of cash on hand. You are applying logic just like r/e always goes up to your theory. It’s peak was 299k, then it fell to 150k, then it fell to 79k. Logic says that it will fall to 35k next year and 17k the year after (while renting for 1k). That same logic was used by bubblers, who saw it go from 150k to 300k so it must go to 600k. Just because a particular investment is a bad idea at one price doesn’t always make it a bad idea at another price, the reverse is also very true. A 70x rent multipler is a good investment, regardless of what the trend has been, those lines on graphs tend to turn onve fundamental values are overshot, and a newer 1k/mo rental is overshot at 79k, three years isn’t going to help, it will hurt. In fact they are probably already gone. The 100k places I was targeting that rented for 1200 and the 135k places that rented for 1500 that I was attempting to buy are all gone, all sold, prives have bumped up 10%. I don’t need 3 years, I need a time machine to get me back to six months ago.
But I don’t really want to talk you out of your position because I need you to think like you do and to share your opinions with others. Contrarians beat the market by moving in the opposite direction, without the herd, there is no prey.
ParticipantI see my name in the original post but I’m not a pro, far from it, my expertise and life’s work has nothing to do with real estate or economics. I merely learned this stuff online and what I have learned is confined to a very small area, the one I live in. Fundamentals are pretty universal, math works everywhere. I don’t like the math in the upper tier of the San Diego market, but after living vicariously through others for a few years on this site, I couldn’t guarantee you that it will get all that much better. I have a feeling that the market has found it’s spot and should chug along for a while without any wild swings either way. Some of the S.D. market has defied logic during the worst economic times of our lives, it has just as much chance of continuing that trend as it does of instantly reversing it.
But you are different, you have a big cash position. For you, higher interest rates would be a good thing, it will minimize the competition. I do think raes will move higher over time, if it were my money I’d wait to see if that bet plays out (actually if it were me I’d move to my hood, pay cash and never make a mortgage payment again, and still keep money in the bank, but I digress). I do think rates move higher in the next year, if you find the house you love this winter and can afford it, I won’t stop you, affordability and biting off less than you can chew is my favorite plan. But if you find the market frustrates you, with that much cash, you can sit it out a bit and just see what happens, nobody will get priced out before March 2010, winter always sucks for r/e and I highly doubt rates will go lower. Keep a watchfull eye on employment, if we string together a few good months just consider the fuse lit. You are in a an enviable position, you can act in an hour and r/e moves much slower.
Don’t put it all down, keep some reserves, it will help you sleep. Don’t overleverage, stay with the lifestyle you are comfortable with, your health will thank you. Living below one’s means benefits the mind, body and soul.
ParticipantI see my name in the original post but I’m not a pro, far from it, my expertise and life’s work has nothing to do with real estate or economics. I merely learned this stuff online and what I have learned is confined to a very small area, the one I live in. Fundamentals are pretty universal, math works everywhere. I don’t like the math in the upper tier of the San Diego market, but after living vicariously through others for a few years on this site, I couldn’t guarantee you that it will get all that much better. I have a feeling that the market has found it’s spot and should chug along for a while without any wild swings either way. Some of the S.D. market has defied logic during the worst economic times of our lives, it has just as much chance of continuing that trend as it does of instantly reversing it.
But you are different, you have a big cash position. For you, higher interest rates would be a good thing, it will minimize the competition. I do think raes will move higher over time, if it were my money I’d wait to see if that bet plays out (actually if it were me I’d move to my hood, pay cash and never make a mortgage payment again, and still keep money in the bank, but I digress). I do think rates move higher in the next year, if you find the house you love this winter and can afford it, I won’t stop you, affordability and biting off less than you can chew is my favorite plan. But if you find the market frustrates you, with that much cash, you can sit it out a bit and just see what happens, nobody will get priced out before March 2010, winter always sucks for r/e and I highly doubt rates will go lower. Keep a watchfull eye on employment, if we string together a few good months just consider the fuse lit. You are in a an enviable position, you can act in an hour and r/e moves much slower.
Don’t put it all down, keep some reserves, it will help you sleep. Don’t overleverage, stay with the lifestyle you are comfortable with, your health will thank you. Living below one’s means benefits the mind, body and soul.
ParticipantI see my name in the original post but I’m not a pro, far from it, my expertise and life’s work has nothing to do with real estate or economics. I merely learned this stuff online and what I have learned is confined to a very small area, the one I live in. Fundamentals are pretty universal, math works everywhere. I don’t like the math in the upper tier of the San Diego market, but after living vicariously through others for a few years on this site, I couldn’t guarantee you that it will get all that much better. I have a feeling that the market has found it’s spot and should chug along for a while without any wild swings either way. Some of the S.D. market has defied logic during the worst economic times of our lives, it has just as much chance of continuing that trend as it does of instantly reversing it.
But you are different, you have a big cash position. For you, higher interest rates would be a good thing, it will minimize the competition. I do think raes will move higher over time, if it were my money I’d wait to see if that bet plays out (actually if it were me I’d move to my hood, pay cash and never make a mortgage payment again, and still keep money in the bank, but I digress). I do think rates move higher in the next year, if you find the house you love this winter and can afford it, I won’t stop you, affordability and biting off less than you can chew is my favorite plan. But if you find the market frustrates you, with that much cash, you can sit it out a bit and just see what happens, nobody will get priced out before March 2010, winter always sucks for r/e and I highly doubt rates will go lower. Keep a watchfull eye on employment, if we string together a few good months just consider the fuse lit. You are in a an enviable position, you can act in an hour and r/e moves much slower.
Don’t put it all down, keep some reserves, it will help you sleep. Don’t overleverage, stay with the lifestyle you are comfortable with, your health will thank you. Living below one’s means benefits the mind, body and soul.
ParticipantI see my name in the original post but I’m not a pro, far from it, my expertise and life’s work has nothing to do with real estate or economics. I merely learned this stuff online and what I have learned is confined to a very small area, the one I live in. Fundamentals are pretty universal, math works everywhere. I don’t like the math in the upper tier of the San Diego market, but after living vicariously through others for a few years on this site, I couldn’t guarantee you that it will get all that much better. I have a feeling that the market has found it’s spot and should chug along for a while without any wild swings either way. Some of the S.D. market has defied logic during the worst economic times of our lives, it has just as much chance of continuing that trend as it does of instantly reversing it.
But you are different, you have a big cash position. For you, higher interest rates would be a good thing, it will minimize the competition. I do think raes will move higher over time, if it were my money I’d wait to see if that bet plays out (actually if it were me I’d move to my hood, pay cash and never make a mortgage payment again, and still keep money in the bank, but I digress). I do think rates move higher in the next year, if you find the house you love this winter and can afford it, I won’t stop you, affordability and biting off less than you can chew is my favorite plan. But if you find the market frustrates you, with that much cash, you can sit it out a bit and just see what happens, nobody will get priced out before March 2010, winter always sucks for r/e and I highly doubt rates will go lower. Keep a watchfull eye on employment, if we string together a few good months just consider the fuse lit. You are in a an enviable position, you can act in an hour and r/e moves much slower.
Don’t put it all down, keep some reserves, it will help you sleep. Don’t overleverage, stay with the lifestyle you are comfortable with, your health will thank you. Living below one’s means benefits the mind, body and soul.
ParticipantI see my name in the original post but I’m not a pro, far from it, my expertise and life’s work has nothing to do with real estate or economics. I merely learned this stuff online and what I have learned is confined to a very small area, the one I live in. Fundamentals are pretty universal, math works everywhere. I don’t like the math in the upper tier of the San Diego market, but after living vicariously through others for a few years on this site, I couldn’t guarantee you that it will get all that much better. I have a feeling that the market has found it’s spot and should chug along for a while without any wild swings either way. Some of the S.D. market has defied logic during the worst economic times of our lives, it has just as much chance of continuing that trend as it does of instantly reversing it.
But you are different, you have a big cash position. For you, higher interest rates would be a good thing, it will minimize the competition. I do think raes will move higher over time, if it were my money I’d wait to see if that bet plays out (actually if it were me I’d move to my hood, pay cash and never make a mortgage payment again, and still keep money in the bank, but I digress). I do think rates move higher in the next year, if you find the house you love this winter and can afford it, I won’t stop you, affordability and biting off less than you can chew is my favorite plan. But if you find the market frustrates you, with that much cash, you can sit it out a bit and just see what happens, nobody will get priced out before March 2010, winter always sucks for r/e and I highly doubt rates will go lower. Keep a watchfull eye on employment, if we string together a few good months just consider the fuse lit. You are in a an enviable position, you can act in an hour and r/e moves much slower.
Don’t put it all down, keep some reserves, it will help you sleep. Don’t overleverage, stay with the lifestyle you are comfortable with, your health will thank you. Living below one’s means benefits the mind, body and soul.
ParticipantThis is gonna hurt but I have agree with analyst on the loan mod. The fine print in all the mods I’ve seen, the principal write down is a mirage. That 250k is more than likely dormant, but comes out of hibernation of you try to sell or refi and sometimes has a clause where it comes back after a set amount of years or if appreciation kicks in. Sometimes those missed payments are dormant as well.
It makes sense for the bank, the loss is less than a repo, in a mod, at least they have the possibility of recovering all of their money, just not right now, in a repo, the money is gone forever.
Where I depart from analyst, I don’t think it’s the government’s fault or kicking the can down the road or anything to do with responsibility. It’s just a business decision on the lenders part, one that has more upsides in some situations than a repo for them. The guy will stay, keep up the place, make a payment (albeit a smaller one) and he will feel good about it, even brag about it. In time, they have a decent chance of getting all of their money back. You can envy that guy, i feel bad for him a little, if his value returns in the future, he won’t get the benefit of it that his neighbors will (like a renter), but then again, his other option is be kicked out and to rent for probably a similar price and this way he doesn’t have a landlord. Don’t do a loan mod as a strategy, do it if it is your last resort.
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