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waiting hawk
ParticipantDon’t buy until you can put down 20% and EASILY rent it for ur payment. Simple. $225750 is the max you should pay. Thats x3.5 of ur gross. Most people say -10% because THEY HATE seeing their paper wealth vanish. It is going to come down and come down good. People only make and can spend so much.
ParticipantIs it true that after July 1st that you cannot use 2005 appraisals? Thanks
ParticipantSchiff is dead on and his views have been dead on since I’ve been following him.
Apt’s turned condos were selling in IE for 180k. Two days later the sign flippers were spinning mid 100’s signs. I would hate to lose 30k in one day.
ParticipantI thought the thread was going to go like this when I opened it:
Do you remember that loan we gave you, Well……..
We don’t want it back, PLEASE start paying ur payment!August 25, 2006 at 4:59 PM in reply to: David Lereah now says hard landing for some CA and FL #33316ParticipantAnyone know what his 2006 book was called? I’ll tell you. It was called, “Why The Real Estate Boom Will Not Bust”.
PS sorry for link I get lazy.
Participant29. Bad news is I just lost more equity today. Good news is
I just saved a bunch of money by switching to Geico.August 25, 2006 at 4:39 PM in reply to: David Lereah now says hard landing for some CA and FL #33312ParticipantLMAO lending.
August 25, 2006 at 4:15 PM in reply to: David Lereah now says hard landing for some CA and FL #33305ParticipantI think he is tired of top ramen.
ParticipantI will buy directly from bank without realtors on either side. Also I will make a deal to lend straight from them and they pay all closing cost with 50% down with a 15 year fixed.
ParticipantWith respect to prices and inventory I think the peak was still summer of 2005 though.
ParticipantI sure did notice it ybc… Thanks 🙂
ParticipantDoes anyone think that the run up in prices and activity was so much greater than 90’s that it had to move down faster to keep pace with the cycle? Also is technology playing a part in getting news out faster?
Participant“I suppose I might *need* a man to figure out how to cash these things out.”
I know a guy who wears CostCo jeans that can help you with that.
Participant1) Renting
2) Sold March 2006. Took 30% haircut to dump property
3) Sold past peak
4) Saw it coming in 2003 but really knew it in summer of 2004
5) No -
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