Forum Replies Created
-
AuthorPosts
-
July 2, 2009 at 3:01 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424750July 2, 2009 at 3:01 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424819
XBoxBoy
Participant[quote=temeculaguy]The reason some of us have too much time on our hands these days is that we are in the sports doldrums…[/quote]
Temecula Guy, This is why you should not have bought in Temecula. It’s bikini season at the beach. Who cares about sports if you live near the beach.
XBoxBoy
July 2, 2009 at 3:01 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424983Participant[quote=temeculaguy]The reason some of us have too much time on our hands these days is that we are in the sports doldrums…[/quote]
Temecula Guy, This is why you should not have bought in Temecula. It’s bikini season at the beach. Who cares about sports if you live near the beach.
XBoxBoy
Participant2-stroke triple,
Be sure you don’t confuse comments by people about hot markets with the high priced markets. They are not the same. I don’t think anyone on this board is claiming that houses priced $750,000 to 1.5m are flying off the market. If so, I would immediately challenge them to show some examples.
The high end markets are all very slow. Some extremely slow. Jim The Realtor has a post on his blog a day or so ago that pointed out that in Del Mar and Rancho Sante Fe in June, 60 new listings came on the market and not one of them found a buyer!
http://www.bubbleinfo.com/2009/06/hotness-factor/
People always want to paint the situation with a broad brush, but nowadays, any broad brush will be a gross misrepresentation of what is going on.
BTW. I used to live in Kensington north of adams. It is still my favorite neighborhood in all of san diego hands down. You can’t go wrong buying there.
XBoxBoy
Participant2-stroke triple,
Be sure you don’t confuse comments by people about hot markets with the high priced markets. They are not the same. I don’t think anyone on this board is claiming that houses priced $750,000 to 1.5m are flying off the market. If so, I would immediately challenge them to show some examples.
The high end markets are all very slow. Some extremely slow. Jim The Realtor has a post on his blog a day or so ago that pointed out that in Del Mar and Rancho Sante Fe in June, 60 new listings came on the market and not one of them found a buyer!
http://www.bubbleinfo.com/2009/06/hotness-factor/
People always want to paint the situation with a broad brush, but nowadays, any broad brush will be a gross misrepresentation of what is going on.
BTW. I used to live in Kensington north of adams. It is still my favorite neighborhood in all of san diego hands down. You can’t go wrong buying there.
XBoxBoy
Participant2-stroke triple,
Be sure you don’t confuse comments by people about hot markets with the high priced markets. They are not the same. I don’t think anyone on this board is claiming that houses priced $750,000 to 1.5m are flying off the market. If so, I would immediately challenge them to show some examples.
The high end markets are all very slow. Some extremely slow. Jim The Realtor has a post on his blog a day or so ago that pointed out that in Del Mar and Rancho Sante Fe in June, 60 new listings came on the market and not one of them found a buyer!
http://www.bubbleinfo.com/2009/06/hotness-factor/
People always want to paint the situation with a broad brush, but nowadays, any broad brush will be a gross misrepresentation of what is going on.
BTW. I used to live in Kensington north of adams. It is still my favorite neighborhood in all of san diego hands down. You can’t go wrong buying there.
XBoxBoy
Participant2-stroke triple,
Be sure you don’t confuse comments by people about hot markets with the high priced markets. They are not the same. I don’t think anyone on this board is claiming that houses priced $750,000 to 1.5m are flying off the market. If so, I would immediately challenge them to show some examples.
The high end markets are all very slow. Some extremely slow. Jim The Realtor has a post on his blog a day or so ago that pointed out that in Del Mar and Rancho Sante Fe in June, 60 new listings came on the market and not one of them found a buyer!
http://www.bubbleinfo.com/2009/06/hotness-factor/
People always want to paint the situation with a broad brush, but nowadays, any broad brush will be a gross misrepresentation of what is going on.
BTW. I used to live in Kensington north of adams. It is still my favorite neighborhood in all of san diego hands down. You can’t go wrong buying there.
XBoxBoy
Participant2-stroke triple,
Be sure you don’t confuse comments by people about hot markets with the high priced markets. They are not the same. I don’t think anyone on this board is claiming that houses priced $750,000 to 1.5m are flying off the market. If so, I would immediately challenge them to show some examples.
The high end markets are all very slow. Some extremely slow. Jim The Realtor has a post on his blog a day or so ago that pointed out that in Del Mar and Rancho Sante Fe in June, 60 new listings came on the market and not one of them found a buyer!
http://www.bubbleinfo.com/2009/06/hotness-factor/
People always want to paint the situation with a broad brush, but nowadays, any broad brush will be a gross misrepresentation of what is going on.
BTW. I used to live in Kensington north of adams. It is still my favorite neighborhood in all of san diego hands down. You can’t go wrong buying there.
XBoxBoy
Participant[quote=patb]Banks extort money from people.
They extort 28% APR from you while paying 2% to account holders.
[/quote]Since when did two wrongs make a right?
[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.
In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.
XBoxBoy
Participant[quote=patb]Banks extort money from people.
They extort 28% APR from you while paying 2% to account holders.
[/quote]Since when did two wrongs make a right?
[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.
In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.
XBoxBoy
Participant[quote=patb]Banks extort money from people.
They extort 28% APR from you while paying 2% to account holders.
[/quote]Since when did two wrongs make a right?
[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.
In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.
XBoxBoy
Participant[quote=patb]Banks extort money from people.
They extort 28% APR from you while paying 2% to account holders.
[/quote]Since when did two wrongs make a right?
[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.
In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.
XBoxBoy
Participant[quote=patb]Banks extort money from people.
They extort 28% APR from you while paying 2% to account holders.
[/quote]Since when did two wrongs make a right?
[quote=Rt.66]Good point for this thread! How many people are actually getting a feeling of revenge/satisfaction from sticking it to the bankers? How many of us are both sick and mad at these freeloading bums and at the same time, enjoy seeing the working stiff, stiff the bankers?
[/quote]Rt.66 I would guess that we disagree on lots of things, but this might be the thing that we most disagree on. To me, seeking revenge is one of the most unattractive human attributes. Can’t say that I’ve never done so, but I never felt good about it once I realized what I’d done.
In this case it seems particularly unattractive because the bank has done nothing to this person other than make a loan to them. Which if I’m not mistaken that person requested them to do. To somehow now justify this as sticking it to the man, is from my viewpoint a very bizarre stretch.
XBoxBoy
ParticipantTwo comments:
1) You reap what you sow
2) Your friend is an extortionist.The first comment is for the banks and the attitudes that have become common in our society. It’s fascinating to me that so many people argue that if the bank will lose less money on a deal they should take it. What about the example you set? What about the people that hear of this and will want that deal also?
Unfortunately, whether we like it or not, market places demand that we hold people accountable and punish them for irresponsible decisions. If we don’t then the market will punish us collectively. (See current financial crisis if you’re having a hard time with that last sentence.)
And here’s the tremendous irony, experts from everywhere are collectively arguing that we need to put aside the need to hold people and companies responsible for the public good! Yet examples abound of how you fail to hold one person or one company accountable and this only makes the situation worse.
So the way I see it, banks offering to change the terms of the loan and failing to foreclose are only making the situation worse. (As your story so aptly demonstrates when your friend is advising others to follow in his footsteps.) And so it is, you do reap what you sow.
As to your friend. There really is no other word for what he’s proposing regarding the kitchen. It’s extortion, plain and simple. He probably has rationalized to himself that it’s okay because the bank doesn’t really care. True, banks don’t have feelings, they are companies, not people. But he’s still demanding payment for not destroying something that belongs to someone else. And that my friends is extortion.
XBoxBoy
ParticipantTwo comments:
1) You reap what you sow
2) Your friend is an extortionist.The first comment is for the banks and the attitudes that have become common in our society. It’s fascinating to me that so many people argue that if the bank will lose less money on a deal they should take it. What about the example you set? What about the people that hear of this and will want that deal also?
Unfortunately, whether we like it or not, market places demand that we hold people accountable and punish them for irresponsible decisions. If we don’t then the market will punish us collectively. (See current financial crisis if you’re having a hard time with that last sentence.)
And here’s the tremendous irony, experts from everywhere are collectively arguing that we need to put aside the need to hold people and companies responsible for the public good! Yet examples abound of how you fail to hold one person or one company accountable and this only makes the situation worse.
So the way I see it, banks offering to change the terms of the loan and failing to foreclose are only making the situation worse. (As your story so aptly demonstrates when your friend is advising others to follow in his footsteps.) And so it is, you do reap what you sow.
As to your friend. There really is no other word for what he’s proposing regarding the kitchen. It’s extortion, plain and simple. He probably has rationalized to himself that it’s okay because the bank doesn’t really care. True, banks don’t have feelings, they are companies, not people. But he’s still demanding payment for not destroying something that belongs to someone else. And that my friends is extortion.
XBoxBoy
-
AuthorPosts
